• 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.
  • Pune-Lonavala Railway: State Infrastructure Committee Clears INR 5100 Crore Expansion Project

    Pune-Lonavala Railway

    Pune: The long-awaited Pune-Lonavala Railway Project has moved forward after nearly 28 years, with the Maharashtra state government’s infrastructure committee granting approval for the third and fourth railway lines.

    Revised DPR Submitted by MRVC

    The Mumbai Railway Vikas Corporation (MRVC) has submitted a revised detailed project report (DPR) for the Pune-Lonavala Railway Project to the state government.

    Also Read: Nigdi to Chakan Metro Corridor DPR Submitted: 75 Per Cent of Pimpri-Chinchwad to Get Access

    The 63-kilometer stretch is estimated to cost ₹5,100 crore for constructing two additional tracks. The project will commence after receiving cabinet approvals from both the state and central governments, which could take up to six months.

    Pune-Lonavala Railway: Need for Capacity Expansion

    The Pune-Mumbai railway corridor currently operates beyond its capacity. With 79 mail/express trains and 41 local services running daily, the line has been under heavy pressure. The initial approval for expansion was given in 1997-98, but the project was delayed due to multiple hurdles. Now, the approval marks a major revival.

    Benefits of the New Tracks

    With the completion of the Pune-Lonavala Railway Project, the section will have four lines in total. Express and goods trains will run on the new lines, while local trains will continue on the existing ones. The segregation of services will reduce delays, increase capacity, and save passengers’ time.

    Also Read: Pune Comprehensive Mobility Plan: 312 km Metro Network, 80 km BRTS, 19 Flyovers

    Union Minister of State for Civil Aviation Murlidhar Mohol, who consistently pursued the project, said the expansion was essential to address the growing number of passengers. Chief Minister Devendra Fadnavis and Railway Minister Ashwini Vaishnaw were also approached for approvals.

    Execution and Land Requirement

    According to MRVC’s Chief Public Relations Officer Sunil Udasi, MRVC will implement the project once necessary approvals are received. A total of 68.91 hectares of land will be required for execution.

    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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