• Startup Pulse
    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. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors 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. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating.
  • Pinetics and Mindgrove Partner to Close India’s Chip-to-Product Gap with Indigenous SoM Solutions

    Pinetics

    Chennai: In a significant step toward strengthening India’s electronics value chain, Pinetics has entered into a commercial partnership with Mindgrove Technologies to bridge the long-standing chip-to-product gap.

    The collaboration between Pinetics, a Pune-based electronic product design and development firm, and Mindgrove, a fabless semiconductor company headquartered at the IIT Madras Research Park, marks a key milestone in enabling indigenous semiconductor adoption.

    The two-year agreement will see Pinetics integrate Mindgrove’s chips into commercial applications such as biometric access control systems, smart locks, and camera solutions.

    This is the first instance where an Indian semiconductor company’s silicon will be deployed in real-world commercial products at scale, with plans to expand into additional product categories over time.

    Also Read: India Notifies First Chip Fabrication Plant at Dholera SEZ to Boost Semiconductor Ecosystem

    The Pinetics partnership directly addresses a persistent structural gap in India’s electronics ecosystem—the lack of domestically designed semiconductor components in finished products.

    While India has established strong capabilities in PCB design and assembly, semiconductor components have historically been imported.

    Through this collaboration, Pinetics and Mindgrove are introducing a System on Module (SoM) built around indigenous silicon, enabling OEMs and ODMs to access locally developed chips at the product layer.

    By leveraging its end-to-end ODM and design expertise, Pinetics extends Mindgrove’s silicon capabilities downstream.

    The partnership ensures that indigenous semiconductor innovation moves beyond the component stage to complete module and solution-level deployment.

    This vertical integration—long missing in India’s electronics manufacturing landscape—positions Pinetics as a key enabler in bringing Indian-designed chips into mainstream products.

    “This partnership reflects the kind of industry adoption that makes India’s semiconductor ambitions real,” said Shashwath TR, Co-founder and CEO of Mindgrove Technologies.

    “When domestic product companies choose to build on Indian silicon, it accelerates the entire value chain. With Pinetics, we are putting an indigenous chip at the heart of products that millions of Indians use every day. We look forward to this being the first of many such collaborations.”

    With Pinetics integrating Mindgrove’s SoCs into its module designs, the collaboration offers a credible alternative to imported solutions in a sector traditionally dominated by foreign modules.

    For India’s growing electronics manufacturing base, this marks a significant opportunity to source domestically designed silicon for security and vision-based applications.

    Also Read: Refroid Technologies and Technavious Launch Brick-to-Chip Framework for AI Data Centres

    “For a product design firm, the chip is the hardest dependency to localise,” said Navin Goyal, Co-Founder and CEO, Pinetics. “Working with Mindgrove changes that equation.

    We can now design modules around silicon that is developed in India, supported in India, and priced for the Indian market. For our customers in access control and security, this means faster iteration, stronger supply chain resilience, and a product story that resonates with where the industry is headed,” he added.

    Mindgrove’s Secure IoT SoC, already taped out at 28nm and running at 700 MHz, is production-ready for smart connected devices such as biometric systems, smart locks, meters, and PoS machines.

    Meanwhile, its Vision SoC—currently under development with support from India’s Design Linked Incentive scheme—is designed for high-performance edge computing and vision processing applications, including CCTV cameras, dashcams, ADAS, and smart TVs.

    Together, these innovations position Pinetics and Mindgrove to serve Indian OEMs and ODMs across a wide range of applications, offering a high-performance, cost-effective, and indigenous alternative to imported semiconductor solutions.

    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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