• 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.
  • Polymatech Appoints Jason Herro as EVP to Drive US Market Expansion

    Jason Herro

    Chennai: Polymatech Electronics Limited, through its wholly owned U.S. subsidiary Nisene Technology Group, has announced the appointment of Jason Herro as Executive Vice President, U.S. Operations, marking a strategic step to accelerate commercial growth and deepen market penetration across the United States.

    The appointment of Jason Herro underscores Polymatech’s focus on building a robust, customer-centric U.S. organisation, with an emphasis on sales expansion, dealer and distributor network development, OEM engagement, and long-term customer relationships across lighting, electronics, and advanced opto-semiconductor applications.

    With decades of senior leadership experience spanning technology, healthcare, lighting, and electronics industries, Jason Herro brings a proven track record in scaling sales organisations, expanding channel partnerships, and driving sustained revenue growth.

    Also Read: India Semiconductor Mission 2.0 Announced to Boost Manufacturing, IP, and Supply Chains

    Since joining Polymatech, he has established a dedicated U.S. sales organisation and initiated the recruitment of additional sales executives to create a strong on-ground structure supporting dealer development, distributor engagement, and customer acquisition across key U.S. regions.

    Jason Herro to Lead U.S. Commercial Strategy for Polymatech

    In his role as Executive Vice President, U.S. Operations, Jason Herro will oversee Polymatech’s U.S. commercial strategy, including direct sales, distribution partnerships, dealer network expansion, marketing alignment, and organisational build-out.

    He will collaborate closely with Polymatech’s global leadership and technical teams to ensure customer requirements, market feedback, and channel insights are effectively integrated into the company’s product roadmap and go-to-market execution.

    Polymatech also continues to evaluate opportunities to further localise its presence in the United States, including potential investments in expanded operational and manufacturing capabilities aligned with market demand and customer commitments.

    Any such initiatives will be pursued in a phased and disciplined manner, based on commercial traction and strategic priorities.

    Commenting on the appointment, Eswara Rao Nandam, Managing Director and Chief Executive Officer of Polymatech Electronics Limited, said, “Jason’s appointment strengthens our focus on disciplined and execution-driven growth in the United States.

    Also Read: DLI Scheme: Government Targets 50 Fabless Firms as Semiconductor Chip Design Ecosystem Scales Up

    Our immediate priority is to scale sales, deepen customer engagement, and expand our dealer and distribution ecosystem. As the U.S. business evolves, we will continue to assess additional investments to support long-term growth.”

    Jason Herro added, “Polymatech has a strong technology foundation and a clear commitment to the U.S. market. My focus is on building a capable sales organisation, strengthening channel partnerships, and delivering consistent commercial execution to support the company’s broader objectives.”

    Polymatech Electronics Limited is one of India’s fastest-growing opto-semiconductor and advanced electronics companies, specialising in proprietary chip packaging, opto-electronic solutions, and high-precision manufacturing.

    The company serves global customers across lighting, medical devices, automotive, and industrial applications, with a strong emphasis on innovation, vertical integration, and long-term partnerships.

    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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