• 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.
  • Telangana Rising: Godrej Jersey Signs INR 150 Crore MoU for New Dairy Processing Facility

    Godrej Jersey

    Mumbai: Godrej Jersey, the dairy brand of Creamline Dairy Products Limited, a subsidiary of Godrej Agrovet, has signed a Memorandum of Understanding (MoU) with the Government of Telangana to invest ₹150 crore in setting up a state-of-the-art dairy processing facility.

    With this commitment, the Godrej Industries Group’s cumulative planned investment in Telangana has now crossed ₹10,000 crore across its diversified businesses. The MoU was signed on the sidelines of the Telangana Rising Global Summit 2025.

    Under the agreement, Godrej Jersey will develop a modern dairy processing facility spread across 40 acres, aimed at strengthening the state’s dairy value chain and catering to evolving consumer nutrition needs, particularly protein-rich food products.

    Also Read: Godrej Agrovet MoU with MoFPI to Boost Food Processing and Innovation with ₹960 Crore Investment

    Godrej Jersey Investment to Strengthen Telangana’s Dairy Ecosystem

    India continues to face a significant protein consumption gap, with nearly 73 per cent of the population consuming less than the recommended daily protein intake.

    Dairy products such as milk, curd, paneer, and milk-based beverages remain among the most accessible natural protein sources.

    The new facility by Godrej Jersey is expected to play a critical role in meeting rising demand for value-added and nutrition-focused dairy products in Telangana and beyond.

    The MoU was signed in the presence of Revanth Reddy, Chief Minister of Telangana; Sanjay Kumar, IAS, Special Chief Secretary, Industries & Commerce, IT, Electronics & Communications Department; Pirojsha Godrej, Executive Vice Chairperson, Godrej Industries Group; Anand Ramaswamy, Chief Operating Officer, Godrej Jersey; and Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group.

    Speaking on the occasion, Chief Minister Revanth Reddy said that Telangana continues to prioritise an investor-friendly environment that supports inclusive growth.

    He noted that partnerships with organisations such as Godrej Industries Group will strengthen agri-food processing capabilities, generate employment, and reinforce Telangana’s position as a preferred investment destination in India.

    Pirojsha Godrej stated that the MoU reflects a shared commitment between the group and the Telangana government to accelerate industrial growth, create employment opportunities, and build high-impact infrastructure through public-private collaboration.

    Also Read: Aarohi Initiative: Godrej Housing Finance Launches All-Women Branch in Kharadi, Pune

    He added that the group’s investments span multiple sectors, including dairy, agri-business, housing, and digital solutions for MSMEs.

    Godrej Jersey Facility to Drive Employment and Value-Added Dairy Growth

    According to Sunil Kataria, CEO & MD, Godrej Agrovet Limited, consumer demand for value-added dairy products in India, including Telangana, is witnessing double-digit growth.

    Driven by urbanisation, increasing health awareness, and convenience-led consumption, the new Godrej Jersey facility is expected to manufacture innovative, protein-rich dairy products while addressing nutritional needs. The project is also expected to generate over 300 direct employment opportunities over the next three years.

    Beyond dairy, Godrej Industries Group has expanded its footprint in Telangana across sectors. In 2023, Godrej Agrovet announced an investment of approximately ₹300 crore for an Integrated Oil Palm Complex in Khammam district, including a Crude Palm Oil mill and an upstream R&D centre, with provisions for a future refinery.

    Additionally, Godrej Properties entered the Hyderabad market earlier this year, with plans to invest ₹10,000 crore across four residential projects, responding to strong homebuyer demand supported by quality infrastructure, education, and lifestyle amenities in the state.

    Rakesh Swami highlighted that Telangana’s progressive, business-friendly policies have made it one of India’s most dynamic investment destinations.

    He noted that the group’s continued collaboration with the state government focuses on inclusive growth by strengthening agriculture, empowering MSMEs and women entrepreneurs, and delivering high-quality housing and infrastructure.

    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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