• 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.
  • KSB Limited Reports ₹595 Cr Revenue in Q1 2025 with 9.4% Growth

    KSB Limited

    Pune: KSB Limited, a global manufacturer of pumps and valves, has reported a robust start to the financial year with a ₹595 crore revenue for Q1 2025, marking a 9.4% growth over the same period last year.

    The company also maintained a healthy operating profit margin of 11.4%, reflecting its consistent focus on operational efficiency and sustainable growth. The first quarter witnessed significant developments in the solar pumping solutions segment. KSB secured two major orders:

    • A ₹14 crore order from Tripura Renewable Energy Development Agency under the PM-KUSUM Scheme (Component B) for 962 solar water pumping systems.
    • A ₹49 crore order from the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) under the “Magel Tyala Saur Krushi Pump” scheme for 2,000 solar systems.
    KSB Limited Export Orders

    KSB Limited also successfully executed large-scale export orders for actuated valves and intensified its marketing outreach through a targeted television campaign in East and North India, further strengthening its leadership in the pump solutions sector.

    Commenting on the performance, Prashant Kumar, Vice President – Sales and Marketing at KSB Limited, stated: “This quarter marked consistent growth in revenue and a robust performance in our solar business, powered by key government-backed schemes. Our domestic, building, and water & wastewater segments continue to gain momentum. The recently concluded Asia West Dealer Conference in Goa was a key milestone, bringing our dealer network together to align on strategic goals for 2025.”

    KSB Limited’s strong first-quarter performance underscores its commitment to innovation, sustainability, and long-term stakeholder value creation, reinforcing its position as a trusted player in the infrastructure and industrial equipment domain.

    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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