Author: Aman Atulya

Thiruvananthapuram, July 2025 — Kerala‑based semiconductor startup Netrasemi has secured ₹107 crore in a Series A round co-led by Zoho Corporation (₹87 Cr) and Unicorn India Ventures (₹20 Cr). The funding will accelerate R&D, manufacturing scale-up, marketing, and the launch of four advanced Edge‑AI chips. A Leap Towards Smarter, On‑Device AI Since 2020, founders Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha have developed a lineup of energy-efficient SoCs including A2000 and R1000 capable of advanced video and AI analytics directly on IoT devices. Two of these chips are in the tape‑out stage on TSMC’s 12 nm node. These chips equip surveillance cameras, industrial robotics, and…

New Delhi/Bengaluru, July 2025 — The Enforcement Directorate (ED) has filed a formal complaint under the Foreign Exchange Management Act (FEMA) against Myntra Designs Pvt Ltd, its associated group companies, and senior directors, alleging FDI policy violations totaling approximately ₹1,654 crore. What the ED Alleges The investigation claims Myntra misclassified its business as “Wholesale Cash & Carry” to attract foreign direct investment, permitted at 100% under India’s 2010 FDI rules. However, Myntra reportedly routed most of its inventory sales to Vector E‑Commerce Pvt Ltd a company within the same corporate group—which in turn retailed the goods to consumers. The Enforcement…

Gurugram, July 2025 — Healthtech startup Pristyn Care has secured $4 million in fresh funding from Sequoia Capital India, marking another push in its drive to scale proprietary surgical facilities and strengthen its position ahead of future growth rounds. Strategic Shift to In-House Operations Founded in 2018 by Harsimarbir Singh, Dr. Vaibhav Kapoor, and Dr. Garima Sawhney, Pristyn Care initially partnered with 700+ hospitals and operated 100+ clinics across India. With revenue hitting ₹453 crore in FY23, the company is now moving deeper into its own in-house surgical network to enhance patient experience, standardize care quality, and control margins. This…

Bengaluru, July 23, 2025 — Kluisz.ai, a deep tech startup founded earlier this year by Abhinav Sinha (ex-Oyo COO & CPO), Vamshidhar Reddy (former McKinsey partner), and Abhijeet Singh (ex-Jio Cloud VP), has secured a $9.6 million seed round led by RTP Global. Other investors include Unicorn India Ventures, Blume Founders Fund, Climber Capital, and angels such as Ritesh Agarwal (Oyo), Ritesh Malik (Innov8), and Aditya Virwani (Embassy Group). Enterprise-Grade GenAI Infrastructure Kluisz.ai is developing a developer-first private cloud platform tailored for enterprise grade GenAI workloads. It handles hybrid, on-prem, edge, and sovereign cloud environments with embedded zero-trust security, observability,…

Bengaluru-based workspace provider IndiQube Spaces has secured a robust ₹314.3 crore from anchor investors by allotting shares at the top of its IPO band ₹237 per share just ahead of its ₹700 crore public listing, which opens for subscription July 23–25. Why This Matters Company Snapshot Market Context Strategic Takeaway:IndiQube’s anchor subscription highlights institutional conviction in its business model and growth prospects. With solid FY25 numbers and backing from top mutual funds and global investors, it heads into its IPO season with momentum. Follow StartupStoryIndia for insights into India’s next wave of category-creating public offerings.

In a major milestone, Bharti Airtel has overtaken Tata Consultancy Services (TCS) to emerge as India’s third-most valuable listed company, with a market capitalization of approximately ₹11.45 lakh crore as of July 21, 2025. What’s Driving the Shift TCS Faces Pressure; Airtel Takes the Lead Beyond the Numbers: What This Means What’s Ahead Final TakeInvestors are signaling a structural shift: telecom’s predictability and tech integration are outperforming traditional IT. Airtel’s leap reflects not just a stock market re-ranking but India’s changing economic narrative. Follow StartupStoryIndia for weekly insights into how emerging sectors are reshaping India’s corporate landscape.

Paregaon, Maharashtra July 2025 — What began as a personal vow after a car crash in Los Angeles in 2014 has now blossomed into a rural technology revolution. Raosaheb Ghuge, who once faced loan rejection because his farmer father had no salary slip, has returned to his village with a mission: to empower rural youth through tech. In Paregaon, Ahilyanagar, Maharashtra Raosaheb founded The BAAP Company (Business Applications and Platforms) India’s first IT company built entirely in a village. Overcoming skepticism and infrastructure pain points, BAAP operates from rugged farmland yet delivers enterprise-grade software for global clients.  Empowering Rural Talent…

A severe zero-day vulnerability in Microsoft’s on-premises SharePoint Server (CVE-2025-53770, dubbed “ToolShell”) is being actively exploited worldwide. Early breaches show attackers with full remote code execution, persistent access, and cryptographic key theft—raising alarms for governments, enterprises, and critical institutions. Why It’s Dangerous Microsoft & Agencies Sound the Alarm What Organizations Should Do Now Final Word This isn’t a drill. The SharePoint zero day is being weaponized in real time. If your IT systems rely on on premises SharePoint Server especially in sectors like healthcare, education, finance, or government it’s time to act immediately. Patching alone isn’t enough. A comprehensive incident…

India’s largest bank, State Bank of India (SBI), concluded a ₹25,000 crore Qualified Institutional Placement (QIP) the country’s largest ever underscoring strong investor confidence and marking a pivotal growth inflection for the public sector behemoth. Major Fundraise, Strong Demand Capital Strategy and Allocation Market Response and Shareholding Impact Why This Matters Strategic Takeaway: SBI’s ₹25,000 crore QIP is more than a capital raise—it’s a strategic pivot. It equips the bank to fund future growth while reinforcing its buffer in a changing regulation and economic landscape. Follow StartupStoryIndia for more stories on how India’s largest institutions balance scale, strategy, and sustainability.

Eternal, the newly rebranded parent company of Zomato, reported a dramatic financial split this quarter: while revenue surged 70% YoY to ₹7,167 crore, net profit dropped sharply by 90% to just ₹25 crore in Q1 FY26. The results reflect a deliberate strategy scale now, profit later driven by aggressive expansion across its quick commerce arm, Blinkit. Blinkit Leads the Growth Surge Notably, Blinkit surpassed Zomato in net order value and is now contributing nearly 50% of Eternal’s annualised NOV (~$10 billion). Operating Costs Push Profit Down Market Reaction and Forward Focus Despite the sharp drop in profit, Eternal’s stock rose…