• 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.
  • Marico Innovation Foundation Invites Applications for Indian Innovation Icons 2027

    Indian Innovation Icons 2027

    Mumbai: Marico Innovation Foundation (MIF) has officially opened applications for Indian Innovation Icons 2027, marking the launch of the 11th edition of its flagship biennial platform aimed at identifying and supporting breakthrough innovations across India.

    The platform continues its legacy of recognizing scalable and impactful innovations that create socio-economic and environmental change.

    Launched in 2006, Indian Innovation Icons has evolved into one of India’s leading innovation recognition platforms, spotlighting hidden yet potentially transformative innovations capable of delivering significant impact across industries and communities.

    Through Indian Innovation Icons 2027, the foundation seeks to discover the next generation of innovators addressing India’s emerging challenges.

    The 11th edition of Indian Innovation Icons 2027 will recognize innovations under two categories — Business (For-Profit) and Social (Not-For-Profit). Applications will remain open from June 22, 2026, to July 22, 2026.

    The platform follows a rigorous eight-month evaluation process designed to identify disruptive and high-potential innovations.

    The assessment includes two rounds of deliberations by independent juries for each category, followed by detailed on-ground due diligence conducted by independent knowledge partner Deloitte Monitor.

    Also Read: European Girls Olympiad in Informatics 2026: Sasken-Supported Indian Team Wins Historic First-Ever Gold for India

    Distinguished Jury to Evaluate Indian Innovation Icons 2027 Entries

    • The Business Category jury for Indian Innovation Icons 2027 will be chaired by Amit Chandra, Chairperson, Bain Capital India and Co-Founder, ATE Capital.

    The jury panel includes Namita Thapar, Executive Director, Emcure Pharmaceuticals; Debjani Ghosh, Distinguished Fellow at NITI Aayog and former President of Nasscom; Dr. Ashish Lele, Director, CSIR-National Chemical Laboratory; Prabha Narasimhan, MD and CEO, Colgate-Palmolive India; Ravi Mariwala, Chairman and MD, Smaart Water; and Sanjiv Kaul, Senior Partner, ChrysCapital.

    • The Social Category jury, also chaired by Amit Chandra, comprises Deepali Khanna, Senior Vice President and Head of Asia at The Rockefeller Foundation; Samarinita Shetty, Co-founder and CEO, IDR; Chetna Gala Sinha, Founder and Chairperson of Mann Deshi Bank and Mann Deshi Foundation; Aniket Doegar, CEO of Haqdarshak; Prateek Madhav, CEO and Co-founder of AssisTech Foundation; and Luis Miranda, Co-founder and Chairperson of the Indian School of Public Policy.
    The grand finale of Indian Innovation Icons 2027 is scheduled to be held on March 4, 2027, at the Jio World Convention Centre in Mumbai.

    Harsh Mariwala, Founder, Marico Innovation Foundation, said, “India is witnessing a strong wave of innovators building solutions that have the potential to create meaningful impact at scale.

    Yet, many breakthrough ideas often remain under-recognized despite solving real challenges on the ground. Through Indian Innovation Icons, we aim to identify and champion such disruptive innovations by providing them with greater visibility, access to networks, and opportunities that can help accelerate their growth and impact.

    Over the years, the platform has recognized innovators who have gone on to create significant change across sectors and communities, and we look forward to discovering the next generation of transformative ideas through the 11th edition.”

    Winners of Indian Innovation Icons 2027 will receive strategic guidance from Harsh Mariwala, access to Marico Innovation Foundation’s network of investors, business leaders, grant makers and ecosystem partners, bespoke mentoring from Marico’s senior leadership, enhanced national visibility, and curated growth opportunities.

    Amit Chandra, Jury Chair and Chairperson of the Governing Council at Marico Innovation Foundation, said, “India’s future will be shaped by people who see problems differently and have the courage to build disruptive solutions.

    Indian Innovation Icons 2027 exists to identify and champion such innovators early in their journey. Past winners like Skyroot Aerospace, Dozee, and Astrome Technologies are powerful examples of what happens when bold ideas are recognized and backed early.”

    He further added, “Every edition leaves me inspired by the ingenuity, resilience, and ambition of India’s innovators. I look forward to discovering the next generation of those whose ideas might create impact at scale and help shape India’s next chapter.”

    Previous winners of the platform have included organizations such as Skyroot Aerospace, Indra Water, People’s Archive of Rural India (PARI), India Development Review (IDR), Ishitva Robotic Systems, Dozee, and Khushi Baby, among others.

    The previous edition of the platform received over 1,100 applications from across India, reflecting the growing strength and diversity of the country’s innovation ecosystem.

    Suranjana Ghosh, Head, Marico Innovation Foundation, said, “As we launch the 11th edition, we are eager to discover the ideas, innovators, and impact stories that have emerged since the last edition of Indian Innovation Icons.”

    She added, “At Marico Innovation Foundation, we see this as an opportunity to celebrate innovation, and also to learn from the individuals and organizations shaping the future of India. We look forward to spotlighting the next generation of path breaking innovations and invite innovators from across the country to wholeheartedly apply and share their stories with us.”

    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.

    Back to top