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    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.

    • Just In

    Cloudworx Wins ABB Startup Challenge India 2025 for AI-Driven Smart Drive Innovation

    Spotlight Posted on  —by Salil Urunkar

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    Cloudworx

    Bengaluru: ABB India, in collaboration with Microsoft and SynerLeap, has announced Cloudworx as the winner of the ABB Startup Challenge India 2025, recognizing its AI-powered innovation aimed at advancing smart drive technology and accelerating energy efficiency.

    Selected from over 100 visionary startups, Cloudworx impressed the jury with its AI-powered 3D visualization technology that simplifies drive and motor selection, commissioning, and troubleshooting.

    The winning solution enables dynamic, AI-driven digital replicas of industrial processes, offering real-time monitoring, simulation, and continuous improvement capabilities for customers.

    Also Read: GridDB Cloud IoT Hackathon: Toshiba Invites Startups to Design Real-Time Iot Applications

    Cloudworx AI-Powered Solution to Advance Smart Drive Technology

    Through this collaboration, ABB Motion’s Drive Products division will work directly with Cloudworx to co-develop a market-ready solution that integrates ABB drives more seamlessly into industrial systems, with potential for a global rollout across ABB’s customer and partner network.

    Cloudworx received a $30,000 project prize, mentorship from Microsoft and SynerLeap’s startup advisors, along with a six-month SynerLeap membership to accelerate product development and market readiness.

    ABB Startup Challenge India 2025: Fostering Industrial Innovation through AI

    Themed “Advancing Smart Drive Technology with AI Innovation,” the ABB Startup Challenge India 2025 invited startups to explore how artificial intelligence can analyze drive data and application requirements to help OEMs identify the ideal ABB motor-drive match for their needs.

    “Startups are crucial partners in shaping the future of industrial technology,” said AR Madhusudan, President and Local Division Manager, Drive Products, ABB India.

    “India’s rapidly evolving industrial landscape demands innovative solutions to enhance energy efficiency, and through this platform, we are co-creating impactful technologies with visionary startups.”

    Also Read: EMotorad Leads 2025 LinkedIn Top Pune Startups List; Robotics and SaaS Firms Shine

    Over 100 Startups Participate in the Challenge’s India Debut

    Hosted for the first time in India, the ABB Startup Challenge 2025 attracted over 100 innovative startups, with seven finalists showcasing their AI-led solutions in Bengaluru.

    The event, now in its sixth year, has previously been held across Europe and the United States, and continues to promote open innovation in the industrial automation sector.

    ABB’s Legacy of Innovation and Sustainability

    Coinciding with ABB’s 50th year of LV (low voltage) drives globally and 20 years of production excellence in India, the challenge underscores ABB’s commitment to advancing open innovation, fostering collaboration, and developing scalable, sustainable solutions for industries worldwide.

    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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