• 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.
  • George Verghese Appointed Managing Director of Kirloskar Industries Limited

    George Verghese

    Pune: Kirloskar Industries Limited (KIL), a flagship company of the Kirloskar Group, today announced the appointment of George Verghese as its Managing Director, effective May 21, 2025, for a five-year term ending May 20, 2030.

    The appointment was approved by the company’s Board of Directors at its meeting held today, subject to shareholder approval.

    George Verghese brings over 20 years of rich leadership experience, having held key roles in reputed organizations such as Dell, Reliance Communications, and Cummins.

    He has a proven track record in business strategy, operational execution, marketing, human resource transformation, and leadership development.

    Since joining the Kirloskar Group in April 2021, Verghese has played a pivotal role in driving transformational initiatives. As the CHRO and Chief of Staff at Kirloskar Oil Engines Limited, he was a core member of the team that executed a successful strategic turnaround for the business.

    His contributions have been instrumental in reshaping organizational culture and aligning business operations with long-term strategic goals.

    Commenting on the appointment, Atul Kirloskar, Chairman of the Board, said, “I am pleased to welcome George as the Managing Director of Kirloskar Industries Limited. His leadership across various Group companies and deep expertise in business and people strategy will be invaluable as we continue to strengthen our position in the industry.”

    George Verghese Alumnus of XLRI Jamshedpur

    George Verghese is an alumnus of XLRI Jamshedpur, where he completed his master’s in management, and holds an undergraduate degree in engineering from the College of Engineering, Munnar.

    This leadership transition marks a significant step forward in Kirloskar Industries’ ongoing efforts to strengthen its executive team and accelerate its growth agenda across strategic business segments.

    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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