• Startup Pulse
    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. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. 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. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij.
  • Kirloskar Industries Reports INR 308 Crore Consolidated Net Profit in FY25

    Kirloskar Industries

    Pune: Kirloskar Industries Limited (KIL) [BSE: 500243 | NSE: KIRLOSIND], a diversified player in wind power and real estate under the Kirloskar Group, has reported its audited financial results for the fourth quarter and full year ended March 31, 2025.

    On a consolidated basis, KIL reported a net profit of ₹307.6 crore in FY25, a 15% decline compared to ₹360.7 crore in FY24. The company’s total consolidated income stood at ₹6,677.7 crore, marking a 4% growth year-on-year from ₹6,411.7 crore.

    The fourth quarter performance showed significant improvement with Q4 consolidated profit rising 37% YoY to ₹97 crore, up from ₹71 crore in Q4 FY24. Consolidated income for the quarter increased to ₹1,774.4 crore, registering a 2% year-on-year growth.

    Aditi Chirmule, Executive Director, Kirloskar Industries Limited, said, “We are pleased with the company’s overall performance in FY25. Our subsidiary Kirloskar Ferrous Industries Limited posted a resilient 7% topline growth, highlighting strong operational execution. Avante Spaces Limited, our real estate venture, is gaining momentum with its second commercial project underway. As a diversified group, we continue to focus on long-term value creation, strategic foresight, and disciplined growth.”

    On a standalone basis, Kirloskar Industries recorded a 4% increase in PAT to ₹77.7 crore in FY25, despite a 10% dip in total income to ₹120.6 crore. In Q4 FY25, standalone PAT stood at ₹30.7 crore, up 38% from ₹22.2 crore in the same period last year.

    Business Segment Highlights:

    • Kirloskar Ferrous Industries: Achieved 7% growth in topline despite global macroeconomic headwinds.
    • Avante Spaces Limited: The real estate subsidiary reported steady progress on its commercial development projects.
    Kirloskar Industries Strategic Diversification

    Kirloskar Industries continues to invest in group companies and real estate development through strategic diversification, while also maintaining a presence in wind power generation and commercial leasing.

    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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