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    Deeptech Aerospace Startup Tessat Space Raises ₹1 Crore in Angel Funding Round from Xylapay Morsa raises $1.5 million in a pre-seed funding round led by Jackson Square Ventures, with participation from the a16z Scout Fund. Kutlerri.ai raises $4 million from Narahari Investments. JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. Desible.ai raises ₹32 crore in a funding round led by Prime Venture Partners, with participation from Invention Engine. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. Deeptech Aerospace Startup Tessat Space Raises ₹1 Crore in Angel Funding Round from Xylapay Morsa raises $1.5 million in a pre-seed funding round led by Jackson Square Ventures, with participation from the a16z Scout Fund. Kutlerri.ai raises $4 million from Narahari Investments. JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. Desible.ai raises ₹32 crore in a funding round led by Prime Venture Partners, with participation from Invention Engine. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board.
  • L’Oréal Beauty Tech Innovation Program 2025: Sravathi AI and Without Named Winners

    Without

    Pune-based deep-tech enterprise Without and Bengaluru-based Sravathi AI have been selected as winners of the L’Oréal Beauty Tech Innovation Program 2025, the biggest open innovation challenge in the SAPMENA region.

    The L’Oréal Beauty Tech Innovation Program 2025 identifies high-potential startups driving the future of beauty, consumer experience, and science-led technology solutions.

    Two Indian startups – Sravathi AI and Without – were announced as winners at the Grand Finale of the L’Oréal Beauty Tech Innovation Program 2025, held on 7 November in Singapore.

    Also Read: Singapore: L’Oréal Announces Finalists for 2025 Big Bang Beauty Tech Innovation Program Grand Finale

    The competition, which spans South Asia Pacific, Middle East and North Africa (SAPMENA), is the region’s largest beauty tech open innovation initiative.

    They were chosen alongside Halo AI (UAE) and Heatseeker (Australia). Wubble AI (Singapore) received a Special Mention.

    Each winning startup will receive a L’Oréal-funded commercial pilot with one of the Group’s 37 global brands, potential visibility across 35 SAPMENA markets, and year-long mentorship from senior leaders from L’Oréal, Accenture, Google and Meta.

    The L’Oréal Beauty Tech Innovation Program 2025 drew over 50,000 startups from Southeast Asia, India, the Middle East, Australia and New Zealand. Over nine months, startups pitched solutions in categories including:

    • Consumer Experience
    • Content & Media
    • New Commerce
    • Tech for Good
    • Science for Beauty

    Ten finalists presented their innovations at the Grand Finale before a jury from L’Oréal, Google, Meta and Veros Ventures.

    • Vismay Sharma, President, L’Oréal SAPMENA Zone, said the region’s young and digital-first population is accelerating beauty tech transformation.
    • Saloni Shah Javeri, Chief Digital and Marketing Officer, L’Oréal India, applauded Indian startups winning for the second year in a row, highlighting India’s rise as a global innovation hub.

    Also Read: AAKRUTI Innovation Competition 2025: Dassault Systemes Recognizes Top Student Innovators

    Winners of the L’Oréal Beauty Tech Innovation Program 2025

    Sravathi AI (India)

    A silico chemistry AI platform offering end-to-end drug discovery, molecule development and scalable chemical manufacturing. Its AI-led solutions deliver route-of-synthesis design, yield optimisation, impurity prediction and process scalability.

    Without (India)

    Without, a Pune-based deep-tech circularity enterprise transforming unrecyclable plastic waste into toxin-free, high-quality materials using a patented chemo-mechanical process. Without’s mission is to address plastic waste and poverty through ethical circular economy models.

    Halo AI (UAE)

    An AI-powered creator intelligence platform helping brands identify and collaborate with nano and micro-influencers. It reduces manual workflows by 80% and enables rapid, authentic influencer marketing campaigns.

    Heatseeker (Australia)

    An AI platform enabling marketers to run real-time, in-market experiments with real customers, providing fast, quantitative insights into product-market fit, messaging and new market opportunities.

    Special Mention: Wubble AI (Singapore)

    A generative AI music creation platform producing personalised, royalty-free audio for brand campaigns, in-store experiences and digital activations.

    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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