• 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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio 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. 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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio 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.
  • ChinniKrishnan Innovation Awards 2026: CavinKare Invites Nominations from Startups, MSMEs and Students

    ChinniKrishnan Innovation Awards 2026

    Mumbai: CavinKare, in collaboration with the Madras Management Association (MMA), has announced the opening of nominations for the ChinniKrishnan Innovation Awards 2026.

    The national platform recognizes and encourages innovative ideas and impactful entrepreneurship from across India. This year, CavinKare has reintroduced the ‘Great Idea’ category with an expanded scope to include student innovators as well.

    Under this category, 10 outstanding ideas will be recognized, marking a significant increase compared to previous editions where only one winner was awarded.

    Through the ChinniKrishnan Innovation Awards 2026 initiative, CavinKare aims to strengthen its commitment to encouraging innovation at the ideation stage itself.

    Interested organizations and individuals can submit their entries by June 22, 2026, through ckinnovationawards.in or contact +919444700068 for registration and additional details.

    Also Read: ENOVIA User Conference 2026: How Dassault Systèmes is Enabling Experience-Centric Innovation

    C K Ranganathan, Chairman and Managing Director of CavinKare Pvt. Ltd., said: “The ChinniKrishnan Innovation Awards have always celebrated purposeful ideas that transform the lives of common people. For the 15th edition, we are reintroducing the ‘Great Idea’ category with a broader vision that encourages not only established innovators, but also students and individuals at the early stages of ideation.

    By increasing the number of winners, we hope to create a larger platform for promising ideas, where they can receive mentoring, guidance, and opportunities to evolve into impactful future solutions. With the right ecosystem and support, these ideas can grow into scalable and transformative innovations.”

    Lakshminarayanan, President of MMA, said: “The ChinniKrishnan Innovation Awards 2026 symbolize MMA’s enduring commitment to fostering a culture of innovation and entrepreneurship. By expanding the scope and inclusiveness of the awards, our goal is to inspire emerging talent and provide a powerful platform for ideas capable of solving real-world challenges and contributing significantly to social and economic progress.”

    ChinniKrishnan Innovation Awards 2026: Categories
    • Innovation Category

    The Innovation category is open to startups and MSMEs with proven, market-ready products or services that demonstrate differentiation, scalability, sustainability, and tangible benefits to people.

    Three winners in this category will receive:

    • Cash prize of ₹1,00,000 each
    • Citation
    • Trophy
    • Great Idea Category

    The Great Idea category is open to all individuals and institutions, including entrepreneurs, researchers, academicians, and students.

    The category recognizes original ideas that are highly relevant, problem-solving, and possess strong future potential, regardless of whether they have been commercially implemented.

    Ten winners in this category of ChinniKrishnan Innovation Awards 2026 will receive cash prizes of ₹10,000 each.

    The awards were instituted in memory of Late R. ChinniKrishnan, regarded as the pioneer of India’s sachet revolution. The initiative honors innovations that make quality products and solutions accessible to the masses.

    Since its inception in 2011, the CavinKare-led initiative has built a strong legacy of recognizing and supporting entrepreneurs who challenge conventions and create meaningful impact across industries.

    Over the years, the ChinniKrishnan Innovation Awards 2026 have recognized innovations across sectors such as biotechnology and healthcare, assistive technologies, environmental sustainability, clean energy technology, AI-driven platforms, robotics and automation, affordable medical devices, smart sanitation, sustainable packaging, agri-tech, and digital technologies addressing real-world challenges.

    Also Read: NAIN Innovation Conclave Highlights Student-Led Innovations for Resilient Bharat at IIIT Bangalore

    Winners in the Innovation category will receive national recognition along with access to a comprehensive mentoring ecosystem facilitated by CavinKare Private Limited and the Madras Management Association.

    This includes guidance in marketing, finance, design, packaging, research and development (R&D), human resources, and intellectual property, as well as opportunities to connect with industry experts for one year and establish business relationships with financial institutions. The organizers will not hold any financial stake in the participating ventures.

    The selection process will involve a multi-level evaluation conducted by a distinguished jury comprising industry leaders, venture capitalists, and academic experts. Shortlisted candidates will be invited for further discussions along with video presentations.

    Applications for the Innovation category are open to startups and small enterprises with annual turnover not exceeding ₹50 crore during FY 2024-25 or FY 2025-26.

    The Great Ideas category in ChinniKrishnan Innovation Awards 2026 is open to individuals and organizations across India without any turnover criteria. Applicants must either be Indian citizens or their ideas must originate in India.

    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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