• 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.
  • OmniActive Sues Bio-gen Over Alleged Infringement of Lutemax 2020 Patent

    OmniActive

    Mumbai: OmniActive Health Technologies has filed a patent infringement lawsuit against Bio-gen Extracts Pvt. Ltd. in the United States District Court for the Eastern District of Texas.

    The legal action, filed on June 23, 2025, aims to protect OmniActive’s intellectual property rights under U.S. Patent No. 10,532,035 (‘035 Patent).

    Also Read: MITWPU Develops Green Hydrogen from Sugarcane Juice

    At the center of the case is Lute-gen®, a product commercialized by Bio-gen, which OmniActive alleges infringes on its patented method involving the use of marigold-derived lutein and zeaxanthin isomers.

    The ‘035 Patent underpins the company’s breakthrough ingredient Lutemax 2020®, a clinically researched and award-winning formulation that supports visual performance and eye health.

    “We remain committed to protecting our patented technologies to ensure customers receive authentic, high-quality solutions that deliver real value,” said a spokesperson from OmniActive Health Technologies.

    Lutemax 2020 and the Importance of Patent Protection in Nutraceutical Innovation

    Lutemax 2020 is formulated using specific concentrations and ratios of lutein and zeaxanthin isomers derived from marigold flowers.

    The patented method outlined in the ‘035 Patent enables formulation into a wide range of dietary supplements, functional foods, and beverages, giving consumers access to targeted benefits such as improved visual function, cognitive performance, and eye strain reduction.

    OmniActive’s legal filing requests:
    • A jury trial
    • Monetary damages, legal costs, and expenses
    • A finding of willful infringement
    • A permanent injunction against further use of the patented method by Bio-gen

    The lawsuit represents a significant step in defending innovation in the nutraceutical industry, as the company seeks to uphold the integrity of its R&D and ensure a level playing field for science-driven companies.

    Also Read: Stakeholder Consultations Announced for Computer Related Inventions Patent Draft

    About OmniActive Health Technologies

    Founded in 2005, OmniActive Health Technologies is a global leader in delivering IP-protected, scientifically validated ingredients for the dietary supplement, functional food, and beverage sectors. Headquartered in Mumbai, India, with a presence in Bridgewater, New Jersey, OmniActive serves health-focused brands worldwide through its portfolio of Specialty Actives and Botanical Actives.

    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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