• 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.
  • Jubilant Pharmova Q2FY26: Revenue Rises 12 Per Cent YoY, PAT Up 21 Per Cent

    Jubilant Pharmova Q2FY26

    Noida: Jubilant Pharmova Limited reported a solid financial performance for the quarter and half-year ended September 30, 2025, marking significant year-on-year growth in key financial metrics (Jubilant Pharmova Q2FY26).

    Jubilant Pharmova Q2FY26 revenue stood at ₹1,966 crore, up 12% from the same quarter last year, with EBITDA growing 13% to ₹351 crore and normalized PAT increasing 21% to ₹124 crore.

    Jubilant Pharmova Q2FY26: Broad-Based Growth Across Business Segments

    The strong quarterly performance was driven by continued expansion in the company’s core verticals — Radiopharma, Allergy Immunotherapy, CDMO Sterile Injectables, and CRDMO.

    Also Read: Pharma Exports Near USD 30 Billion as India Strengthens Biotech and MedTech Ecosystem

    Revenue growth was primarily fueled by the start of revenue from the new and third production line at its Spokane, US facility, part of the CDMO Sterile Injectables business.

    Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia noted that the company is on track to achieve its Vision 2030 objectives, emphasizing the positive impact of investments in Radiopharma and CRDMO. They added that growth momentum is expected to accelerate in the second half of FY26.

    Jubilant Pharmova Q2FY26 and H1FY26 Financial Performance

    For the first half of FY26, Jubilant Pharmova recorded revenue of ₹3,867 crore, an increase of 11% year-on-year, while EBITDA rose by 13% to ₹653 crore.

    Normalized PAT for H1FY26 grew 32% to ₹227 crore, reflecting improved operating performance and lower finance costs.

    Radiopharma and Allergy Immunotherapy Lead Segmental Gains

    In Q2FY26, Radiopharmaceuticals revenue increased 16% to ₹291 crore, supported by strong uptake in Ruby-Fill® installations. Radiopharmacy revenues grew 7% to ₹607 crore, maintaining Jubilant’s position as the second-largest radiopharmacy network in the US.

    The Allergy Immunotherapy business registered a 14% rise in revenue to ₹194 crore and a 65% jump in EBITDA, driven by higher demand from the US market.

    Also Read: Akums Partners with Government of Zambia to Establish Pharmaceutical Manufacturing Facility

    Jubilant Pharmova Q2FY26: CDMO and CRDMO Businesses Drive Future Growth

    The CDMO Sterile Injectables business posted a 30% revenue increase to ₹393 crore, supported by the new production line at Spokane. EBITDA rose 6% to ₹94 crore. The next capacity expansion (Line 4) is expected to begin commercial operations by FY28.

    The CRDMO business continued its growth trajectory, with the Drug Discovery vertical up 7% to ₹162 crore, and API revenue growing 8% to ₹137 crore. The company completed the sale of its API business to Jubilant Biosys Limited, integrating the API and CRDMO units for better operational efficiency.

    Generics and Proprietary Novel Drugs Maintain Progress

    The Generics division reported revenue of ₹167 crore, while the company plans to launch 6–8 new products annually in US and global markets. Meanwhile, clinical trials for lead proprietary drugs JBI-802 and JBI-778 are progressing as scheduled.

    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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