Sumit Jain has resigned from his role as cofounder and CEO of the test-prep business at Unacademy ahead of the company’s proposed merger with upGrad, founded by Ronnie Screwvala. The leadership transition comes as Unacademy and upGrad have already filed for merger approval with the Competition Commission of India (CCI). Sumit Jain to Continue as … Read more
Mumbai-based Bobakat has secured ₹6 crore (approximately $700,000) in a Pre-Series A funding round, signaling strong investor confidence in India’s fast-evolving beverage startup ecosystem. Funding to Accelerate Expansion and Product Innovation The fresh capital will be utilized to introduce new product lines, strengthen the team, boost marketing initiatives, and scale offline expansion across key Indian … Read more
India’s startup ecosystem witnessed a significant rebound this week, with total funding reaching approximately $187.2 million across 18 deals. This marks a sharp increase compared to the previous week, where startups collectively raised just $47 million. The funding landscape was dominated by growth-stage investments, while early-stage startups also showed strong momentum across multiple sectors. Growth-Stage … Read more
FIFTH SENSE, a premium fragrance startup, has raised ₹6.3 crore (approximately $678K) in an early funding round, led by OTP Ventures. The round also saw participation from Sadev Ventures, ISV Capital, along with notable angel investors including Rohit Kapoor and Amit Damani. Funding to Accelerate Product Innovation and Brand Growth The Gurugram-based startup plans to … Read more
Personal care startup Laani has secured Rs 9.1 crore (approximately $970,000) in a pre-seed funding round, led by V3 Ventures and Saama Capital. The round also attracted participation from notable angel investors, including Arjun Purkayastha (Reckitt), Manish Taneja (Purplle), Kunal Bahl (Snapdeal), and Aneesh Sheth (Dr. Sheth’s Skincare). The funding marks an early but significant … Read more
Direct-to-consumer (D2C) pet care startup Moe Puppy has raised ₹2 crore in a pre-seed funding round led by PedalStart, with participation from Zindagi Live Angel Fund and other angel investors. The fresh capital will be used to strengthen the brand’s marketing efforts, research and development (R&D), supply chain optimisation, and team expansion, as it looks … Read more
“They said it would never work.”“They said investing was too niche for Indian households.” Both statements were, in a way, true. India had never before embraced the culture of venture investing on television. Business discussions were confined to boardrooms, not living rooms. The idea of millions of viewers cheering on entrepreneurs pitching for equity seemed … Read more
