• 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.
  • Tech Mahindra Expands Guidewire Expertise Through Strategic Partnership with Canal Insurance

    Guidewire

    GREENVILLE, S.C.: Tech Mahindra announced a strategic partnership with Canal Insurance Company, a subsidiary of Canal Financial Group.

    This collaboration aims to accelerate digital transformation across the Commercial Auto (Trucking) and Property and Casualty (P&C) insurance sector in North America.

    Under this partnership, Tech Mahindra will combine its expertise in Guidewire, cloud, data, and AI with Canal Insurance’s deep industry knowledge in commercial auto underwriting and claims.

    Together, the companies will deliver a digital-first, modern, self-service experience designed to reduce turnaround times, optimize costs, and improve speed-to-market for agents, policyholders, and stakeholders.

    Guidewire Managed Services

    The engagement will also include Guidewire managed services and API-led digital transformation initiatives, enabling Canal Insurance to streamline operations and provide best-in-class services.

    Roshan Shetty, Head of BFSI & Public Sector – Americas, Tech Mahindra, said: “Insurers are under pressure to optimize costs while delivering more value to their customers and agents. This partnership with Canal Insurance combines their industry expertise with our Guidewire, cloud, and AI capabilities to accelerate digital transformation and achieve sustainable efficiency gains.”

    As part of the modernization effort, Tech Mahindra will design and implement an AI-driven architecture to empower Canal Insurance’s ecosystem with actionable insights and intelligence. The initiative will further strengthen Tech Mahindra’s growing footprint in the insurance technology space and expand its Guidewire practice within the P&C industry.

    Commenting on the collaboration, Laura Beth Medley, Vice President, Chief Human Resources & Corporate Communication Officer, Canal Insurance, said: “We’re excited about our AMS partnership with Tech Mahindra as Canal scales ambitiously in the commercial trucking industry. This partnership strengthens our digital journey to deliver faster, smarter solutions for all stakeholders.”

    Sai Thotapalli, Chief Technology Officer, Canal Insurance, added: “Our AMS partnership with Tech Mahindra is central to Canal’s modernization strategy. With their Guidewire and automation expertise, we are simplifying operations, optimizing costs, and building the foundation for cloud adoption and digital innovation that will enhance stakeholder experiences.”

    With more than 25 years of experience in transforming the insurance sector, Tech Mahindra has helped global insurers modernize operations, embrace digital-first strategies, and unlock long-term value.

    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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