• Startup Pulse
    altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal.
  • Goldmedal Electricals Wins Red Dot Award 2025 for Innovative Loom Switch Design

    Red Dot Award

    Mumbai: Goldmedal Electricals, a top Indian brand in the Fast-Moving Electrical Goods (FMEG) space, has secured the Red Dot Award 2025 in the prestigious Design Concept category for its revolutionary Loom switch.

    This global recognition celebrates Goldmedal’s innovation in blending tactile aesthetics with cutting-edge electrical design.

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    The Loom switch stands out for its unconventional use of fabric as an active component – a first-of-its-kind approach in switch design. Drawing from mid-century design themes and a retro-futuristic vision, Loom integrates natural materials like fabric and wood, creating an intuitive and warm user interaction with everyday technology.

    “This award validates our mission to reimagine everyday electrical products through a human-centric and material-led design philosophy,” said Kishan Jain, Director at Goldmedal Electricals.

    “By integrating cloth not just as a finish but into the function of the switch itself, Loom sets a new benchmark for innovation in the industry. The Red Dot Award is a huge encouragement to continue driving Indian design excellence globally.”

    Also Read: Quest Global and ING Win The Asset Triple A Award for Sustainable Finance 2025

    Red Dot Award: Hallmark of Quality and Innovation

    Recognized globally as a hallmark of quality and innovation, the Red Dot Award receives thousands of entries each year from design-forward companies around the world. Goldmedal’s Loom switch was selected for its originality, material innovation, and enhanced user experience.

    The award-winning Loom switch will be featured at upcoming design and technology showcases organized by Goldmedal Electricals to spotlight Indian innovations with global appeal.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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