• Startup Pulse
    CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures. CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures.
  • WaveX Incubation Centers: Seven New Hubs Launched for Media and AVGC-XR Startups

    WaveX incubation centers

    New Delhi: WaveX, the startup accelerator platform under the Ministry of Information & Broadcasting’s WAVES initiative, has announced the establishment of seven new WaveX incubation centers across India.

    With this expansion, WaveX aims to strengthen support for startups in the Media, Entertainment, and AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) sectors.

    WaveX Incubation Centers Across India

    The newly announced WaveX incubation centers will be set up at leading institutions:

    • Indian Institute of Mass Communication (IIMC), Delhi
    • IIMC, Jammu
    • IIMC, Dhenkanal (Odisha)
    • IIMC, Kottayam (Kerala)
    • IIMC, Amravati (Maharashtra)
    • Film and Television Institute of India (FTII), Pune
    • Satyajit Ray Film and Television Institute (SRFTI), Kolkata

    Also Read: AVGC XR Boom: How Tier-2 India Is Building the Next Pixar

    These WaveX incubation centers join the existing flagship facility at the Indian Institute of Creative Technologies (IICT), Mumbai.

    Advanced Facilities for Startups in Media and Gaming

    Through IICT, FTII, SRFTI, and partner incubators, startups will gain access to advanced infrastructure for film production, gaming development, editing, and testing. Facilities at the flagship IICT include:

    • 8K Red Raptor Vista Vision camera
    • 4K HDR preview theatre with Dolby Atmos
    • High-performance Alienware workstations
    • Virtual production stage with LED walls
    • Photogrammetry systems
    • Professional sound and color-mix theatres
    • 4K HDR edit suites
    • VR testing kits and latest gaming consoles

    These resources are designed to help startups create content at global standards in film, gaming, and immersive media.

    Mentorship, Funding, and Global Opportunities

    WaveX will provide structured mentorship, policy clinics, bootcamps, and advisory support from global leaders and industry experts. Startups will also receive industry and government connect, access to funding, sales and marketing mentorship, and opportunities to showcase at international events such as VivaTech (Paris) and Game Developers Conference (USA).

    Also Read: IICT Introduces Short-Term AI-Powered AVGC Course for Creative Professionals

    Partnerships and Media Ecosystem Access

    WaveX is developing collaborations with IITs, T-Hub, and other incubators to expand learning opportunities. Startups will also gain access to media units under the Ministry of Information & Broadcasting, including Doordarshan, All India Radio, PIB, Publications Division, and FTII, with potential priority in outsourced projects.

    WaveX Incubation Centers: Application Process Open

    Number of Startups per Batch: 15 at each center
    Monthly Fee: ₹8,500 + GST
    Eligibility: Preference to startups in Media, Entertainment, and AVGC-XR sectors
    Application Portal: wavex.wavesbazaar.com

    About WaveX

    WaveX is a dedicated accelerator platform created to nurture innovation in the media and creative technology domains. Its incubation model includes:

    • Active Phase: Support in business modelling, product development, branding, fundraising, and compliance.
    • Passive Phase: Continued mentorship with global showcasing opportunities and investor connects.

    WaveX’s focus is on nurturing early-stage ventures in gaming, OTT, AI-driven content creation, and immersive technologies (AR/VR/XR), enabling entrepreneurs to scale with cutting-edge infrastructure and industry support.

    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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