• 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.
  • NPCI Open Sources Drunix to Strengthen Enterprise Blockchain Infrastructure

    Drunix

    Mumbai: National Payments Corporation of India (NPCI) has announced the open-source release of Drunix, an enterprise-grade blockchain platform designed to enable organisations to build and scale tokenization platforms, digital asset ecosystems, and multi-organisation networks.

    The announcement marks a significant step in NPCI’s efforts to advance open-source innovation and strengthen Digital Public Infrastructure (DPI) for next-generation digital ecosystems.

    Developed as a high-performance distributed ledger platform, Drunix is built as an enhanced fork of Hyperledger Fabric.

    The platform is engineered to support enterprise and public infrastructure adoption, enabling blockchain deployment at scale while maintaining privacy, governance, and interoperability.

    According to NPCI, Drunix remains compatible with existing Hyperledger Fabric ecosystems while introducing major architectural enhancements aimed at improving throughput, scalability, and operational efficiency.

    Built on NPCI’s extensive research and experimentation in blockchain and tokenization technologies, Drunix reflects the organisation’s focus on creating reusable technology building blocks that can accelerate the adoption of distributed ledger technologies across multiple industries.

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    NPCI has consistently contributed to India’s digital infrastructure through open-source initiatives such as FiMi, Vigil-AI, and Falcon.

    The launch of Drunix represents NPCI’s second major open-source contribution in the blockchain and tokenization domain, following Falcon, which was primarily focused on production-grade blockchain network management and orchestration.

    While Falcon addressed blockchain network management, Drunix extends NPCI’s open-source vision by strengthening the core blockchain runtime and transaction processing layer.

    Commenting on the initiative, Vishal Kanvaty, Chief Technology Officer, NPCI, said, “As digital ecosystems continue to evolve, our focus remains on enabling innovation through open-source collaboration and scalable, future-ready infrastructure.

    Through Drunix, we aim to accelerate blockchain readiness by providing the ecosystem with foundational technologies that support experimentation, interoperability and real-world adoption. This initiative reflects our commitment to strengthening India’s digital infrastructure while contributing to the global advancement of open-source innovation.”

    Through the open-source release of Drunix, NPCI said it aims to further strengthen its role in enabling innovation and developing efficient foundational technologies that support the continued evolution of India’s digital infrastructure.

    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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