EV rapid charging startup Exponent Energy is set to raise Rs 182 crore (approximately $20 million) in an extended Series B round co-led by 360 One and TDK Ventures. The round will also see participation from existing investors including YourNest, Advantedge Technology, Eight Roads Ventures, Lightspeed India, and others. This marks the company’s first major fundraise in over two years since its $26.4 million Series B round in December 2023. Capital infusion to accelerate EV charging infrastructure According to regulatory filings, Exponent Energy’s board has approved the issuance of 85,135 Series B2 CCPS at Rs 21,430 per share to raise…
Author: Aman Atulya
Flipkart’s group chief financial officer Sriram Venkataraman is set to step down from his role, the company said in a statement. The announcement comes at a time when the Walmart-backed e-commerce firm is preparing for a potential initial public offering (IPO) in India. Venkataraman, who has spent over a decade at Flipkart, will transition out over the next few months to ensure continuity in leadership. Ravi Iyer to oversee finance operations during transition During the interim period, Ravi Iyer, CFO at Flipkart, will take charge of the broader finance organisation. The company has not yet announced a successor for Venkataraman.…
Aamra Seniors Club, a Gurugram-based eldercare startup, has raised $150,000 (approximately Rs 1.25 crore) in a pre-seed funding round from a group of angel investors. The fresh capital will be used to strengthen product-market fit, build its preventive ageing framework, and expand its senior engagement centres. The funding comes as demand rises for structured eldercare solutions focused on long-term wellbeing. Building preventive eldercare through structured programs Founded in 2025 by Sripriya Yegneswaran and Dr. Akanksha Saxena, Aamra focuses on preventive eldercare through structured physical, cognitive, and social engagement programs. The startup aims to address gaps in traditional eldercare by creating…
Edtech Firm Disputes Income Tax Assessment on Investor Funding Edtech company PhysicsWallah has received an income tax demand of ₹263.34 crore for the assessment year 2023–24 from the Income Tax Department of India. The demand follows an assessment in which investments received by the company, including funds from SEBI-registered Category II Alternative Investment Funds, were treated as taxable income. The company disclosed the development in a regulatory filing and stated that it does not agree with the assessment. Company to Pursue Legal Appeal Against Demand PhysicsWallah said it plans to challenge the order and is currently evaluating its legal options.…
Funding to support product launch and manufacturing scale Neurotechnology startup Mave Health has raised $2.1 million (approximately Rs 18 crore) in a seed funding round led by Blume Ventures, with participation from Inuka Capital, Stanford Angels, founders of Groww, Raymond Russell, Aureolis Ventures, Juhi Bhatnagar, and existing investor All In Capital. This follows a $750K pre-seed round raised in November 2023. The fresh capital will be used to launch its wearable headset in India and the United States, while scaling manufacturing capabilities to meet early demand. Building non-invasive neurotech for focus and stress management Founded in 2023 by Dhawal Jain,…
How Two Founders Built a Tech-Driven Waste Management Startup In 2016, during their college days, Abhishek Gupta and Abhinav Shekhar Vashistha weren’t building a startup. They were solving a problem they saw around them. From organising zero-waste college festivals to developing an app that helped citizens locate public toilets and dustbins, their early experiments reflected a deeper insight. India’s waste management system was broken at the ground level. By 2018, this insight evolved into WeVOIS Labs Pvt. Ltd., a startup built to transform how cities manage waste. What began as a student-led initiative soon became a structured mission to build…
At a pivotal moment for India’s startup ecosystem, TiE Delhi-NCR hosted the second edition of Capital Connect 2026 at Leela Ambience, Gurugram, bringing together over 300 curated participants, including investors, policymakers, family offices, LPs, global funds, and HNIs. The forum focused on capital allocation trends, deeptech opportunities, and the growing role of domestic and sovereign capital in shaping India’s innovation economy. The event featured leading voices such as Manoj Mittal (SIDBI), Dr Shivkumar Kalyanaraman (ANRF), Sanjeev Aggarwal (Fundamentum Partnership), Mohit Dhawan (Hero Enterprises), Sudhir Rao (Celesta Capital), Vikram Gupta (IvyCap Ventures), Sandeep Sinha (Oister Global), Dr Jyoti Sharma (Department of…
Solarium Green Energy Limited has commissioned a 1 GW solar module manufacturing facility in Ahmedabad, as part of its backward integration strategy. The facility has been set up with an estimated capital expenditure of around Rs 90 crore, excluding working capital, and features fully automated, advanced manufacturing lines. The move is aimed at strengthening the company’s control over its supply chain while enhancing execution efficiency across its EPC operations. High-efficiency module production with advanced technologies The plant is designed to manufacture high-efficiency crystalline silicon solar photovoltaic modules, including large-format G12 modules of up to 725 Wp. It incorporates advanced technologies…
Personal care startup Laani has raised Rs 9.1 crore (approximately $970K) in a pre-seed funding round led by V3 Ventures and Saama Capital. The round also saw participation from angel investors including Arjun Purkayastha, Manish Taneja, Kunal Bahl, and Aneesh Sheth, among others. The fresh capital will be used for brand building, research and development, and expansion into new personal care categories as the company scales its presence in the Indian market. Building products tailored for Indian consumers Founded in 2024 by Nirja Bhatt, Laani focuses on developing body and personal care products designed specifically for Indian consumers. The company…
VerbaFlo, a conversational AI platform for real estate businesses, has raised $7 million (approximately Rs 58 crore) in a seed funding round led by Pi Labs, with participation from Haatch, Navigate Ventures, Old College Capital, and several global family offices. The company had previously raised $2.5 million in a pre-seed round in December 2024. The fresh capital will be used to expand its presence in the United States and other international markets, invest in product development, and scale its global team. Building AI-driven communication infrastructure for real estate Co-founded in October 2024 by Sayantan Biswas, Abhishek Garg, VP Singh, and…