• 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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio 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. 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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio 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.
  • SIAM Motor Vehicle Data May 2025: Two-Wheelers Lead Growth

    SIAM Motor Vehicle Data May 2025

    New Delhi: The Society of Indian Automobile Manufacturers (SIAM) today released the SIAM Motor Vehicle Data May 2025, highlighting steady performance across India’s automotive segments, with notable growth in two-wheeler sales and a minor dip in passenger and three-wheeler categories.

    According to the report, total vehicle production in May 2025, including Passenger Vehicles, Three-Wheelers, Two-Wheelers, and Quadricycles, stood at 25,82,207 units.

    Also Read: Skoda Auto India Plans Major Expansion: New Sedans, 350 Touchpoints by 2025

    SIAM Motor Vehicle Data May 2025: Domestic Sales Performance – May 2025
    • Passenger Vehicles: 3,44,656 units (down 0.8% YoY)
    • Three-Wheelers: 53,942 units (down 3.3% YoY)
    • Two-Wheelers: 16,55,927 units (up 2.2% YoY)
    • Quadricycles: 1 unit (down from 32 units in May 2024)

    Segment-wise, scooters saw a 7.1% year-on-year increase, while motorcycle sales remained flat. Mopeds experienced a decline of 7.7%. Meanwhile, electric rickshaw and e-cart segments witnessed significant contractions of over 40%.

    Also Read: Mercedes-AMG G 63 Collectors Edition Launched in India with Only 30 Units

    Rajesh Menon, Director General of SIAM, said, “All segments showed steady performance. Two-wheeler growth is particularly encouraging. As RBI has reduced repo rates by 100 basis points in under six months and with above-normal monsoons forecasted, we expect a positive boost in consumer demand and affordability in the near term.”

    SIAM also clarified that SIAM Motor Vehicle Data May 2025 for manufacturers like BMW, Mercedes-Benz, Jaguar Land Rover, and Volvo were not available, and Tata Motors’ data was only included in the overall passenger vehicle figures.

    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