• Startup Pulse
    CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures. CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures.
  • PM SETU Industry Workshop to Advance Industry-Managed ITI Model in Maharashtra

    PM SETU Industry Workshop

    Pune: The Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the Government of Maharashtra, is set to convene a PM SETU Industry Workshop in Pune as part of the rollout of PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs).

    The PM SETU Industry Workshop will be held at the Yashwantrao Chavan Academy of Development Administration (YASHADA) and is aimed at strengthening industry participation and awareness around the scheme’s industry-led implementation framework.

    The PM SETU Industry Workshop will bring together over 50 eligible companies across sectors including construction, textiles, automotive, FMCG, electronics, oil and gas, and renewable energy.

    The consultation will be presided over by Debashree Mukherjee, Secretary, Ministry of Skill Development and Entrepreneurship, Government of India, along with Manisha Verma, Additional Chief Secretary, Skills, Employment, Entrepreneurship & Innovation Department, Government of Maharashtra. As part of the engagement, senior officials will also visit select ITIs and industries in the region.

    Also Read: Ministry of Labour-Microsoft MoU to Boost NCS, AI Skilling and Global Job Access

    PM SETU Industry Workshop to Highlight Industry-Led ITI Transformation Model

    PM-SETU aims to modernise 1,000 government Industrial Training Institutes (ITIs) across India through a hub-and-spoke model. Under the scheme, 200 hub ITIs will be upgraded with advanced infrastructure and modern training facilities, while 800 spoke ITIs will expand training outreach across districts.

    The initiative positions ITIs as government-owned but industry-managed institutions, with a focus on demand-driven training, apprenticeships, and improved placement linkages through cluster-based partnerships with anchor industries.

    Officials noted that the PM SETU Industry Workshop will outline how the scheme provides a structured platform for sustained industry engagement beyond periodic consultations.

    Through the cluster-based approach, industry partners will participate in institutional governance and decision-making, align training with real-time labour market requirements, contribute to curriculum and pedagogy enhancement, support faculty upskilling, and strengthen apprenticeship and placement pipelines.

    Also Read: YUVA AI for ALL: Simplilearn Joins IndiaAI Mission to Train 10 Million Citizens

    States and Union Territories have initiated preparatory actions as the scheme advances towards on-ground implementation. So far, 29 States/UTs have identified initial industry clusters, while 25 States/UTs have notified their respective State Steering Committees.

    As part of the PM SETU Industry Workshop, Memorandums of Understanding (MoUs) will also be exchanged to formalise partnerships aimed at strengthening vocational education and employability outcomes in Maharashtra.

    The MoU exchanges will include collaborations between the Directorate of Vocational Education and Training (DVET), Government of Maharashtra, and FIAT India, Schneider Electric India, and the Anudip Foundation, as well as between DVET and SDN/Wadhwani.

    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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