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    London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. 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. O-Health raises an undisclosed amount of funding from Sangita Reddy, BugleRock Capital, Perpetual Capital, Ankit Nagori and Varun Dua. 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. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. 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. O-Health raises an undisclosed amount of funding from Sangita Reddy, BugleRock Capital, Perpetual Capital, Ankit Nagori and Varun Dua. 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.

    • Just In

    IndusInd Bank Partners with IIM Lucknow Enterprise Incubation Centre to Empower Startups

    Spotlight Posted on  —by Salil Urunkar

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    IIM Lucknow Enterprise Incubation Centre

    Mumbai: In a strategic initiative to bolster India’s dynamic startup ecosystem, IndusInd Bank has signed a Memorandum of Understanding (MoU) with the IIM Lucknow Enterprise Incubation Centre (IIML-EIC).

    The collaboration aims to provide a robust blend of customized banking services and innovation-driven support to empower early-stage and growth-stage startups across sectors.

    Also Read: How Yotta is Solving GPU Crisis for Indian Startups in the AI Race

    The partnership between IndusInd Bank and IIM Lucknow Enterprise Incubation Centre marks a significant step in building a comprehensive “banking and beyond banking” model to enable startups to scale effectively, attract investments, and contribute meaningfully to India’s economic growth.

    Integrated Banking and Innovation Solutions for Startups

    As part of the MoU, startups incubated at IIML-EIC will benefit from:

    • Tailored banking solutions including cash management, working capital financing, and credit support
    • Access to IndusInd Bank’s strategic ecosystem for enhanced visibility and investor outreach
    • Exclusive operational support services such as payroll management and attendance systems

    Additionally, the bank will conduct financial literacy workshops and knowledge sessions on topics critical to startup success – including equity structuring, ESOP taxation, banking essentials, and segment-specific funding strategies.

    IIM Lucknow Enterprise Incubation Centre: Fostering Innovation Through Strategic Collaboration

    The agreement also opens the door for co-sponsorship of startup seminars, pitch events, and entrepreneurship conclaves hosted by IIML-EIC.

    The incubation centre will facilitate connections between its portfolio startups and IndusInd Bank, ensuring seamless access to financial resources and advisory support.

    Also Read: How Startups Can Benefit from the Expanded Credit Guarantee Scheme in 2025

    “This partnership reinforces our commitment to empowering India’s startup ecosystem with not just financial tools, but with knowledge, access, and strategic connections,” said a senior official at IndusInd Bank.

    By combining the entrepreneurial ecosystem at IIM Lucknow Enterprise Incubation Centre with IndusInd Bank’s financial expertise, the MoU aims to build a new generation of startups that are innovation-driven, investment-ready, and financially resilient.

    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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