• 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.
  • IITM Global Launched by IIT Madras to Expand Research and Innovation Partnerships in Malaysia

    IITM Global

    Chennai: The Indian Institute of Technology Madras (IIT Madras) has launched the IIT Madras Global Research Foundation (IITM Global) to expand its research, innovation, and education ecosystem across international geographies.

    Through IITM Global, the institute is strengthening its engagement in Southeast Asia by forming strategic partnerships in Malaysia aimed at advancing academic collaboration, semiconductor research, and innovation-driven entrepreneurship.

    The newly established IITM Global initiative was launched by Dr S Jaishankar, Minister of External Affairs, Government of India, at IIT Madras on 2 January 2026.

    The initiative aligns with IIT Madras’s long-term vision of becoming the world’s first multinational university by building a globally connected ecosystem for education, research, innovation, and entrepreneurship.

    Also Read: Mindgrove Technologies to Launch MG V2600 Vision SoC by Late 2026

    IITM Global Expands Academic and Innovation Partnerships in Malaysia

    Addressing the launch event, Dr S Jaishankar said, “An IIT Madras Campus in Tanzania is a way by which Indian Foreign Policy has leveraged the capabilities of an Institution here to make a huge impact. In ten years from now, think how many Students of Africa would have passed through its portals.

    We are a human resource power and we should play to our strengths. We now have the capability to start doing so. When institutions of excellence in the country start going abroad, the business of foreign policy gains a huge addition to our arsenal. This is something very transformational.”

    As part of its Malaysia-focused expansion, IIT Madras has partnered with the Advanced Semiconductor Academy of Malaysia (ASEM) to strengthen academic cooperation and innovation engagement in the region.

    The collaboration will include joint certification programmes, student exchange opportunities, faculty mobility initiatives, and skilling programmes aligned with regional requirements, particularly in semiconductors and semiconductor design.

    The partnership also envisions establishing an Overseas Research Centre in Malaysia to support deep-tech startups seeking expansion into Southeast Asian markets.

    In addition, IITM Global has formalised a collaboration framework with Aisling Group to build synergies that support the internationalisation of Indian innovation, technology, and startups.

    The collaboration will focus on startup scaling support, skilling and short-term certification programmes, collaborative research initiatives, and intellectual property and technology transfer.

    Also Read: IIT Madras Joins Hands with Indus Towers for GFRP Research in Telecom Infrastructure

    Conceived as a strategic and scalable “plug-and-play” global platform, IITM Global aims to enable researchers, students, startups, and industry partners to access international markets, capital networks, and collaborative research opportunities.

    Widely recognised as India’s top-ranked higher-education institution, IIT Madras holds the #1 Overall and #1 Engineering Institute positions in the National Institutional Ranking Framework (NIRF). The institute is ranked #180 in the QS World University Rankings and #56 in the QS Asian University Rankings.

    IIT Madras’s research ecosystem includes 18 academic departments, 15 Centres of Excellence, 23 research centres, and nearly 100 advanced laboratories, supported by more than 650 faculty members and over 10,000 students.

    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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