• Startup Pulse
    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. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors 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. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating.
  • PM-KUSUM: CRI Pumps Secures INR 320 Crore Order for 10714 Solar Pumping Systems

    CRI Pumps

    Pune: CRI Pumps has announced that its renewable energy division, CRI Solar, has received a Letter of Empanelment (LOE) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL).

    The order, valued at ₹320 crore, covers the design, supply, installation, and commissioning of 10,714 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the state’s Magel Tyala Saur Krushi Pump Yojana, a part of the Government of India’s PM-KUSUM scheme.

    CRI Pumps Driving Renewable Irrigation Solutions

    The awarded project includes solar pumping systems with capacities of 3 HP, 5 HP, and 7.5 HP, all equipped with IoT-enabled Remote Monitoring Systems (RMS) for smart operations. Each unit will be backed by a five-year warranty covering repair and maintenance, ensuring long-term reliability for farmers.

    Also Read: CRI Solar Wins INR 210 Crore Multi-State Contracts for 6894 Solar Pumping Systems

    “This empanelment from MSEDCL, worth ₹320 crores, is more than a business achievement—it is a mission-driven step towards empowering India’s farmers with clean, reliable, and sustainable water solutions. We are proud to collaborate with Maharashtra in accelerating renewable energy adoption and delivering dependable irrigation to the heart of its agricultural economy,” said G Soundararajan, Chairman of CRI Pumps.

    CRI Pumps Strengthening Rural Prosperity

    The initiative is expected to significantly enhance irrigation reliability, reduce reliance on conventional power sources, and boost agricultural productivity in underserved and off-grid regions of Maharashtra. With execution scheduled as per MSEDCL’s timelines, CRI Pumps will leverage its expertise in large-scale solar project deployments to ensure timely and efficient implementation.

    Also Read: CRI Solar Wins INR 210 Crore Multi-State Contracts for 6894 Solar Pumping Systems

    Proven Impact of CRI Pumps in Solar Water Infrastructure

    Over the years, CRI Pumps has emerged as a trusted partner in India’s renewable irrigation sector. The company has successfully commissioned over 1,81,000 solar pumping systems across the country, integrating IoT-enabled monitoring for efficiency and accountability.

    These projects have collectively saved more than 6,100 million kWh of energy and prevented 4.8 million tons of CO₂ emissions, underlining CRI Pumps’ commitment to environmental sustainability, national energy goals, and rural development.

    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.

    Back to top