New Delhi | August 2025 — Mithila Foods, an FMCG startup focused on bringing Bihari staples to modern consumers, has secured ₹1.5 crore in seed funding from Aviral Bhatnagar’s AJVC fund. Founded earlier this year (January 2025) by Shubham Sunderka, Ankit Kumar, and Anshu Kumar, Mithila Foods offers heritage products like sattu, roasted chana, makhana, and katarni chuda. The brand has rapidly scaled—launching over 20 SKUs, achieving an annualized revenue of ₹3 crore, and serving over 25,000 customers across 4,000 pin codes within just five months of operations. Aviral Bhatnagar’s A Junior VC (AJVC) follows its standard playbook investing ₹1.5…
Author: Aman Atulya
Visakhapatnam | August 20, 2025 – PeelON, a biotech startup developing plant-based packaging solutions for fresh produce, has raised $1 million in a seed funding round led by growX Ventures, with participation from Boston Venture Group, Clean Energy Venture Group, and Climate Angels. Funding Snapshot The proceeds will be used to expand R&D and production facilities in Visakhapatnam, strengthen hiring across sales (USA and India), R&D, and compliance, and launch marketing campaigns in global markets. Tackling Food Waste with Biotech Co-founded in 2020 by Taraka Ramji Moturu and Venkata Ravi Sankar Ummidi, PeelON is addressing the challenge of food waste…
New Delhi, August 19, 2025 – Credgenics, the SaaS-based debt collections and resolution platform, has launched CG Setu through the acquisition of Arrise, a BFSI-focused collections provider. The move brings together Credgenics’ technology with Arrise’s field network to build a smarter, transparent debt recovery model. Tech Meets Field Operations CG Setu will deploy a digitally empowered field fleet with standard operating procedures, acting as a bridge between lenders and borrowers. Arrise, founded in 2019, operates across 25 states with 5,000 professionals offering services in 13 languages, and will continue under its leadership for the next five years. Full-Stack Advantage This…
Bengaluru | August 19, 2025 – Smart kitchen technology startup Beyond Appliances has secured $4 million in Series A funding, led by Fireside Ventures with participation from Dharana Capital. This round follows its $2 million seed fundraise in November 2024, also backed by Fireside Ventures. The fresh capital will primarily be used to expand manufacturing capabilities, a key step as the brand gears up for scale. Funding Snapshot Founded in 2024 by Eshwar K Vikas and Rakesh Patil, Beyond Appliances is reimagining how Indian kitchens interact with technology. Its products, including Android chimneys, plug-and-play chimneys, and smart hobs & cooktops,…
Surat | August 19, 2025 – What began in 1947 as a small textile shop in Surat has today grown into a ₹100 crore empire — Kesaria Textile Company. With over one lakh traders and resellers in its network and exports to 40+ countries, the brand has become a household name in India’s textile ecosystem. But its vision now goes beyond selling fabrics: Kesaria wants to build India’s next 10,000 entrepreneurs. From Legacy to Opportunity Surat has long been India’s textile capital, but Kesaria Textile has rewritten what legacy looks like. The company, trusted for quality and variety, has shifted…
New Delhi, August 19, 2025 – OpenAI has unveiled a new subscription tier for Indian users called ChatGPT Go, priced at ₹399 per month. The plan aims to make advanced AI features more affordable while widening access to the company’s flagship model GPT-5. Affordable AI for Indian Users ChatGPT Go bridges the gap between the free tier and the premium ChatGPT Plus subscription, which costs ₹1,999 per month. While Plus continues to cater to power users with access to legacy models like GPT-4o and OpenAI’s video generation tool Sora, Go has been designed as a lower-cost entry point for professionals,…
Bengaluru, August 19 – PixelSky Capital, a secondaries-focused fund backed by boutique investment bank IndigoEdge and Yumlane founder Hitesh Ahuja, has achieved its first close at Rs 150 crore. The fund is targeting a total corpus of Rs 400 crore to build a portfolio of late-stage startup investments. Funding Snapshot Strategy & Pipeline PixelSky Capital plans to add at least three more secondary investments over the next few quarters. The fund is actively exploring new-age businesses at the cusp of profitability, with its next deal expected in the October–December 2025 period. Target companies are those with valuations between $300 million…
Surat, August 19 – Nikhil Kamath, co-founder of Zerodha, has invested ₹137.5 crore in Goldi Solar, one of India’s largest solar photovoltaic (PV) module manufacturers. The strategic backing is set to accelerate Goldi Solar’s expansion and strengthen its position as a global renewable energy player. Funding Snapshot Powering India’s Clean Energy Transition Kamath emphasized the scale of opportunity in renewable energy, stating that India must build world-class companies to lead the clean energy shift. His investment aligns with the country’s ambitious 280 GW solar target by 2030, while also supporting the government’s PLI scheme that encourages domestic solar manufacturing. Goldi…
Bengaluru, August 18, 2025 – ShareChat, India’s leading social media platform, has appointed Neha Markanda as its Chief Business Officer (CBO) for both ShareChat and Moj platforms. Markanda steps into the role previously held by Gaurav Jain, who departed the company in June. A Seasoned Leader with Diverse Experience With over 22 years of experience, Markanda brings a wealth of expertise from her tenure at Google India, where she served as Head of Industry, E-commerce. In this capacity, she led strategy across multiple verticals, delivering consistent market growth. Additionally, she spearheaded Google India’s health strategy and played a pivotal role…
Mumbai, August 18, 2025 – Captain Fresh, a B2B seafood supply chain startup, is set to raise ₹1,700 crore (approximately $200 million) through a fresh issue of shares as part of its upcoming initial public offering (IPO). The company is reportedly eyeing a total issue size of $350–400 million, including an offer for sale (OFS). Company Overview Founded in 2019 by Utham Gowda, Captain Fresh operates as a multi-species seafood brand, providing a platform for sourcing and supplying animal protein, including fish, crabs, lobsters, and other seafood. The company has raised over $200 million to date from investors such as…