• Startup Pulse
    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. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. 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. 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. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. 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.
  • WaveX Opens Kalaa Setu Challenge for AI Innovations in Text-to-Video, Audio, and Graphics

    Kalaa Setu

    New Delhi: WaveX, the startup accelerator under the Ministry of Information & Broadcasting, has launched “Kalaa Setu – Real-Time Language Tech for Bharat,” a national challenge that invites India’s top AI startups to develop scalable multilingual multimedia content generation tools.

    Kalaa Setu focuses on building transformative AI solutions that can instantly convert official text into engaging video, infographic, and audio content in multiple Indian languages.

    Also Read: HT Labs Signs MoU to Expand OTTplay via India-Cyprus-UAE Innovation Corridor

    The initiative seeks to bridge India’s digital language divide and ensure timely, localized outreach across rural and urban populations.

    Kalaa Setu Challenge

    Startups are challenged to submit Minimum Viable Concepts (MVCs) demonstrating capabilities in:

    • Text-to-video generation with customized scenes and narration
    • Text-to-graphic creation for intuitive data visualization
    • Text-to-audio synthesis with natural, regionally resonant speech

    Successful entries will gain access to pilot support with DD, AIR, and PIB, an MoU for full-scale development, and incubation support via the WaveX Innovation Platform. The application deadline for Kalaa Setu is July 30, 2025, and entries must be submitted via the WaveX Portal.

    In parallel, WaveX continues to accept entries for its “Bhasha Setu” challenge—focused on real-time AI-based language translation – until July 22, 2025.

    “AI is pivotal to transforming how India communicates. With Kalaa Setu and Bhasha Setu, we are enabling grassroots innovation that can deliver real-time, inclusive, and regionally contextualized content to every citizen,” said a WaveX spokesperson.

    These challenges are aligned with the Government of India’s broader vision of building a digitally inclusive, multilingual governance ecosystem, and fostering a thriving AI-led startup landscape in media and communication.

    Also Read: Abler Sports and Entertainment Debuts as IP-Driven Powerhouse in Global Sports and Media

    WaveX is a flagship startup accelerator under the Ministry of Information & Broadcasting’s WAVES initiative, launched to catalyze innovation in media, entertainment, and language technologies.

    WaveX supports early-stage startups through targeted hackathons, seed support, government integration, and scale-up opportunities. Over 30 startups have already pitched at the recent WAVES 2025 Summit in Mumbai.

    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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