AI enterprise startup TraqCheck, which focuses on automating HR systems, has raised a bridge funding round at a $17 million valuation. The round, with an undisclosed funding amount, was led by Alok Oberoi (Chairman, Everstone Capital) and Siddharth Mehta (Founder, Bay Capital), alongside Sivaramakrishnan S. Iyer (Advisor, Bay Capital). Fueling HR automation growth The fresh capital will be deployed to scale its background verification platform in India and Europe, expand teams in product, engineering, and growth, and roll out new AI-based HR tools. Founded by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck is building a suite of enterprise-focused…
Author: Aman Atulya
Aurva, a next-generation security startup founded by former Meta engineers, has raised $2.2 million in Seed funding. The round was led by Nexus Venture Partners and DeVC, with participation from prominent angel investors in the security and AI ecosystem, including Chris Bream, former Security Executive at Meta. Solving identity aware security gaps Founded by Apurv Garg (CEO) and Krishna Bagadia (CTO), Aurva enables enterprises to monitor data access in real time with an identity-first approach. Its platform ensures that every access whether by a human, a service, or an AI agent—is tied back to a verified identity. This allows companies…
Extended Series F to Take Total Funding to $310M Months after entering the unicorn club, logistics giant Porter is preparing to raise an additional $100–$110 million in its extended Series F funding round. The new infusion will increase the total capital raised in this round to $300–$310 million, sustaining the company’s unicorn valuation of $1.1–$1.2 billion, according to ET sources. Funding Breakdown: Fresh Capital and Secondary Transactions Of this amount, around $250 million will come from secondary transactions, while $50 million will be fresh capital to accelerate growth initiatives. Porter’s Series F round in May, led by Kedaara Capital and…
E-commerce logistics major XpressBees has appointed Mohit Sardana as the Chief Executive Officer of its B2C vertical, a move aimed at strengthening its delivery solutions and customer experience in India’s fast-growing e-commerce market. Sardana, with over 20 years of leadership experience in business strategy, operations, and digital transformation, will spearhead the company’s consumer-facing operations. Prior to this role, he served as COO of Zomato’s food delivery business, played a key role in Blinkit’s leadership, and held senior positions at MakeMyTrip and Accenture. Welcoming the appointment, Amitava Saha, MD & CEO of XpressBees, said Sardana’s expertise in scaling consumer businesses and…
Union Minister for IT, Information and Broadcasting, and Railways Ashwini Vaishnaw has confirmed that the Indian government has no plans to revoke the ban on TikTok, dismissing speculation about the app’s possible return. “There is absolutely no proposal which has come from any quarters,” Vaishnaw said in an interview with Moneycontrol, addressing recent chatter that TikTok’s owner ByteDance was preparing for a re-entry into India. Why the Ban Stays TikTok was first banned in June 2020 alongside 58 other Chinese apps over national security concerns. The ban was made permanent in January 2021. At its peak, India was TikTok’s largest…
IndiGrid Technology, a full-stack electronics and EV component manufacturer, has raised $4 million (Rs 35.2 crore) in a strategic funding round from its existing backer Cactus Partners. This follows the company’s earlier funding of $7.72 million from the same investor. Growth-Focused Capital Use The funds will be channelled into expanding production capacity, automating processes, ramping up hiring, and extending market presence across India and international geographies. The company also plans to strengthen its product range for the rapidly growing EV and consumer electronics sectors. Building the EV Backbone Founded in 2015 by Sameer Narang and Rishab Puri, IndiGrid Technology operates…
Flipspaces, a technology-led interior design and build company, has raised $50 million in an expanded Series C funding round. The round saw participation from CE-Invests (UAE), Panthera Growth Partners (Singapore), and SMBC Asia Rising Fund (Japan), alongside existing investors Iron Pillar, Synergy Capital Partners, and Prashasta Seth. Early-stage investor Carpe Diem successfully exited through this transaction. This comes after the company’s $35 million fundraise in May 2025, followed by Rs 50 crore ($5.5 million) from Asiana Fund in June, bringing Flipspaces’ Series C tally to over $90 million in three months. Expansion and Strategy The fresh capital will be deployed…
Prosus-backed fintech giant PayU is reportedly exploring a $300 million fundraise through the sale of a minority stake, with HSBC engaged as the banking partner. The move comes as part of its strategic preparations for an Indian stock market listing in 2026. According to early discussions, the minority stake sale will help gauge investor appetite and set a benchmark valuation ahead of the company’s much-anticipated IPO. Scaling With Strong Momentum PayU has emerged as one of India’s most significant players in the digital payments ecosystem. The company serves over 500,000 merchants and enables businesses to accept payments through UPI, cards,…
Trufrost & Butler, a leading provider of commercial refrigeration and foodservice equipment, has raised $7 million in growth funding from Carpediem Capital, marking a pivotal step in its expansion journey. The fresh infusion of capital will be channelled towards strengthening customer experience, enhancing order fulfilment efficiency, expanding service infrastructure, and accelerating domestic manufacturing capabilities. The company also plans to explore selective global markets, leveraging its proven expertise in innovation-led solutions. Scaling Beyond Metros Founded in 2018 by Neeraj Seth and Satish Dudeja, Trufrost & Butler has emerged as a trusted brand for India’s growing HoReCa (Hotels, Restaurants, Cafés) sector. With…
India’s Chief Economic Adviser V. Anantha Nageswaran has cautioned that U.S. President Donald Trump’s move to impose 50% tariffs on Indian exports could shave off nearly 0.5% from India’s GDP growth. The warning comes at a time when India is chasing a $5 trillion economy target and startups are deeply integrated into global trade networks. Tariffs and the Growth Question The new tariff structure, aimed at protecting U.S. manufacturing, is set to disrupt India’s export basket textiles, IT services, pharmaceuticals, and engineering goods. According to government data, India’s exports to the U.S. stood at $77 billion in FY24, making America…