• 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.
  • Debasish Mohanty Joins The Wealth Company as Chief Strategy Officer

    Debasish Mohanty

    Mumbai: In a strategic leadership move, The Wealth Company, an arm of Pantomath Group, has appointed Debasish Mohanty, former UTI AMC President and a seasoned mutual fund industry leader, as its Chief Strategy Officer (CSO).

    With a distinguished career spanning over three decades, Mohanty is set to play a pivotal role in advancing The Wealth Company’s asset management business.

    A respected figure in India’s mutual fund ecosystem, Debasish Mohanty brings a unique blend of strategic acumen, regulatory expertise, and deep understanding of investor behavior.

    His professional journey includes leadership roles across UTI AMC, L&T Mutual Fund, and HSBC AMC, where he led transformation projects, marketing, policy, and sales.

    Also Read: The Wealth Company Launches Wealth Management and SIF Training for 5000 Distributors

    As CSO, Mohanty will focus on steering long-term growth, innovation, and market positioning, contributing to the firm’s vision of delivering differentiated investment solutions in a dynamic financial landscape.

    “Debasish Mohanty is often referred to as the ‘encyclopedia of the mutual fund industry,’” said Madhu Lunawat, MD & CEO of Wealth Company Asset Management Holdings Pvt. Ltd.

    “His strategic insight into public, private, and global mutual fund domains, combined with a passion for innovation, will be a tremendous asset in our next phase of growth.”

    Academic credentials of Debasish Mohanty include:
    • M.Phil. in Economics from Jawaharlal Nehru University (JNU)
    • Postgraduate Diploma in Securities Law from Government Law College, Mumbai
    • Certifications including CFP, CWM, and CAIIB

    He has also completed advanced management programs from leading institutions such as:

    • Kellogg School of Management
    • Indian School of Business (ISB), Hyderabad
    • Indian Institute of Management (IIM), Ahmedabad

    His strategic contributions to the industry include participation in several key AMFI working committees, including the ARN Committee, Common Platform Committee, and Operations & Compliance Committee. He is known for his thought leadership in policy development, investor awareness, and industry ideation.

    Also Read: The Wealth Company Launches INR 2000 Crore Bharat Bhoomi Fund

    Commenting on his new role, Debasish Mohanty said, “As Chief Strategy Officer, I’m excited to contribute to The Wealth Company’s mission. My focus will be on enhancing innovation, managing risk, and identifying strategic opportunities to create lasting value for our investors and stakeholders.”

    In addition to his new role, Mohanty currently serves as an Independent Director on the board of LIC Pension Fund Ltd., regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

    This appointment signals a significant milestone for The Wealth Company as it strengthens its leadership team to capitalize on opportunities in the fast-evolving asset management sector.

    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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