• 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.
  • Venture Center Seed Funding: DeepTech Startups Invited for TDB and NIDHI-SSS Program

    Venture Center seed funding

    Pune: In a significant boost to India’s innovation ecosystem, Venture Center, one of India’s premier technology business incubators, has announced the call for applications for two major seed funding programs: the TDB Seed Fund and the NIDHI-SSS Fund.

    Venture Center seed funding initiatives are designed to support promising tech startups on their journey from prototype to commercialization.

    Entrepreneurs and startups can apply for Venture Center seed funding by June 23, 2025, through this official link: https://lnkd.in/gjNVFnRz

    Venture Center Seed Funding Program Details:

    TDB Seed Fund – Up to ₹25 lakh

    Hosted under the Seed Support System for Start-ups in Incubators by the Technology Development Board (TDB), DST, this ₹1 crore seed corpus provides critical early-stage capital to product-based tech startups with strong IP and knowledge components.

    Eligible ventures must:

    • Be registered as Indian private limited companies with at least 51% Indian ownership.
    • Be incubated (or willing to be incubated) at Venture Center.
    • Demonstrate proof-of-concept and scalability potential.
    • Submit a formal business plan and pitch deck.

    Funding covers:

    • Product development, prototyping, trials
    • IP filings, regulatory certifications
    • Mentoring and expert consultations
    • Team support and operational costs

    Also Read: MeitY TIDE 2.0 EIR Program Offers Funding and Incubation for DeepTech Startups

    NIDHI-SSS Seed Fund – Up to ₹1 crore

    Supported by the Department of Science and Technology (DST) under the National Initiative for Developing and Harnessing Innovations, the ₹10 crore NIDHI-SSS Fund is aimed at supporting incubated startups with market-ready innovations and helping them bridge the gap between development and institutional investment.

    Eligibility requires:

    • Minimum 51% Indian shareholding and Indian registration
    • Full-time commitment by the founding team
    • Strong technology innovation and market fit
    • Willingness to share equity and comply with ethical and EHS standards

    Funding supports:

    • Test marketing, certifications, mentoring
    • Engagement of faculty experts
    • IPR support and team hiring
    • Any activities crucial to product-market readiness

    Common Features:

    • Both funds operate via equity investment in the startup
    • Venture Center will have board representation or observer rights
    • Startups must present biannual updates to the Seed Fund Committee
    • Applicants must be resident or willing-to-be-resident incubatees at Venture Center

    Also Read: IndusInd Bank Partners with IIM Lucknow Enterprise Incubation Centre to Empower Startups

    These Venture Center seed funding programs are sector-agnostic but prioritize deep-tech, IP-rich, and product-oriented ventures. Ideal applicants should demonstrate strong value propositions, a clear commercialization path, and long-term market potential.

    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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