Author: Aman Atulya

SaaS infrastructure startup Scalekit has raised $5.5 million in a seed round led by Together Fund and Z47, with support from angel investors including Adam Frankl, Oliver Jay, and Jagadeesh Kunda. The funding will power its mission to simplify authentication and security for SaaS and AI-native teams. Building Modular Infrastructure for SaaS and AI Founded by Satya Devarakonda and a team of ex-Freshworks engineers, Scalekit offers modular, drop-in authentication and actions infrastructure. Unlike monolithic tools such as Auth0, Scalekit provides à-la-carte adoption, allowing developers to integrate only the features they require. Its product suite includes MCP Auth for agentic servers,…

Deeptech startup Genovation Technological Solutions has secured $150,000 in pre-seed funding at a $6 million valuation, backed by six individual investors and one foreign institutional investor. The capital will fuel product development, team expansion, market scaling, and R&D as the company sharpens its focus on privacy-first AI solutions. Funding Snapshot Founded in 2021 by Anurita Das, Genovation has built Mentis, the subcontinent’s first Made-in-India, privacy-first Agentic AI platform. Unlike conventional generative AI models, Mentis operates seamlessly across cloud, on-premise, and fully offline setups, eliminating reliance on external APIs while ensuring complete data security. Mentis interprets natural language queries, delivers citation-backed…

EcoSoul Home, a sustainable home essentials brand, has raised $20 million (approx. ₹180 crore) in its Series B funding round. The round was led by Accel and Bajaj Financial Securities, with participation from StartupXseed Ventures, JSW Ventures, and CK Birla Group. Venture debt was provided by Alteria Capital and SIDBI. Funding Snapshot With this infusion, EcoSoul’s total funding now exceeds $50 million. The latest round included $17 million in equity and $3 million in debt. Manufacturing & Product Expansion EcoSoul will deploy the fresh capital to expand production across its five owned facilities in Muzaffarnagar, Sitarganj, Tumkur, Shimoga, and Raipur,…

HR tech and human capital management platform uKnowva has raised $0.5 million in a pre-Series A round co-led by Parv Network, Growth 91, and Aapna Infotech. The funding follows the company’s acquisition by Hinduja Global Solutions and aims to accelerate geographic expansion, sales and marketing efforts, and its AI-led roadmap. Funding Snapshot Founded in 2010 by Abhay Talekar, Priyanka Bhor Jain, and Vicky Jain, uKnowva offers an intelligent HR and workplace automation platform that streamlines recruitment, onboarding, performance management, employee engagement, and analytics. Powered by advanced AI, the platform enables businesses across industries to digitize HR processes while enhancing productivity…

AI-driven fintech startup Pelocal has secured $5 million in a Series A round led by UNLEASH Capital Partners and Unicorn India Ventures, with participation from prominent angel investors. The fresh capital will be used to accelerate product development, expand use cases, and drive go-to-market efforts. Funding Snapshot Founded in 2021 by Vivekanand Tripathi and Vikas Garg, Pelocal offers an AI-powered payments orchestration platform that enables enterprises to acquire, engage, and collect from customers seamlessly on WhatsApp. Serving India’s 700 million active OTT chat users, the platform integrates payments directly into conversations and supports ticketing, collections, customer acquisition, and servicing. It…

BeyondSquare Solutions, an enterprise IT product firm, has raised $4 million in its Series A round led by Avant Global Corporation. The investment will be executed in three phases, including new and convertible shares, additional subscriptions from existing shareholders, and warrant conversions tied to performance milestones. Funding Snapshot Founded by Karthik Ganeshan, Venkatachalam PK, and Rangan Varadan, BeyondSquare Solutions developed FinAlyzer, a financial consolidation and reporting solution designed for CFOs and enterprise finance teams. FinAlyzer automates close, consolidation, and compliance processes, while integrating seamlessly with diverse ERP and accounting systems. It offers real-time insights, strengthens governance, and reduces operational risks.…

London-based tech company Nothing has raised $200 million in a Tiger Global–led round, pushing its valuation to $1.3 billion as it looks to embed artificial intelligence (AI) across its hardware ecosystem. Existing investors GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry also participated. Funding Snapshot Vision & Expansion Founded in 2020 by Swedish entrepreneur Carl Pei, Nothing entered the smartphone market in 2022 after debuting with earbuds. Having shipped millions of devices and crossed $1 billion in sales, the company is now betting on AI to differentiate itself in a market long dominated by Apple and Samsung. Nothing plans to…

TVS Motor Company has partnered with ALT Mobility, India’s largest EV leasing and lifecycle management provider, to lease and deploy up to 3,000 electric three-wheelers in FY2025–26. The tie-up spans both passenger and cargo categories, aiming to accelerate adoption of sustainable last-mile mobility. Partnership Snapshot The Collaboration TVS will provide its advanced EV three-wheeler portfolio, engineered for longer range, faster charging, and higher durability. ALT Mobility will handle procurement, leasing, and financing, while integrating asset management tools to reduce downtime and enhance earning potential for drivers. The Edge For ALT, the partnership builds on its $6 million raise in January…

India’s indigenously designed Direct-to-Mobile (D2M) semiconductor chips took center stage at the IBC 2025 conference in Amsterdam, underscoring their market readiness across a range of devices. In contrast, global major Qualcomm has indicated that 5G Broadcast chips will only be available by 2028, delaying expectations for mass adoption. India’s Innovation Steals the Spotlight At IBC, D2M chips from India impressed global stakeholders, with Fraunhofer IIS’s Adrian Murtaza highlighting strong ecosystem readiness and cross-market appeal. Brazil, which has chosen ATSC3 over 5G Broadcast for next-generation TV services, is actively evaluating India’s D2M for mobile integration. Qualcomm’s Delay on 5G Broadcast At…

Ola Electric, led by Bhavish Aggarwal, has filed a claim of about ₹400 crore under India’s Production Linked Incentive (PLI) scheme for automobile and auto components for FY25. The claim follows “eligible sales” of roughly ₹3,000 crore, with Ola expecting an incentive rate of 13–14% under the scheme. What This Means The PLI scheme for cars and parts, launched in 2021 (with a budget of ~₹25,938 crore), aims to increase domestic manufacturing and reduce dependence on imports. Ola Electric was the only electric two-wheeler OEM to secure incentives under the scheme in FY24 and remains a frontrunner for FY25 as…