AI infrastructure startup Mem0 has raised $24 million in a Series A funding round led by Basis Set Ventures, with participation from Peak XV Partners, Kindred Ventures, GitHub Fund, and Y Combinator. Strategic investors in the round include executives from Datadog, Supabase, PostHog, GitHub, and Weights & Biases. The fresh capital will be utilized to expand engineering capabilities, support enterprise deployments, and strengthen partnerships with leading AI platforms and developer ecosystems. Developers can access the platform via API and its open-source repository at www.mem0.ai. Founded in 2023 by Taranjeet Singh and Deshraj Yadav, Mem0 provides a production-ready memory infrastructure for…
Author: Aman Atulya
As global trade realigns and Russia fast-tracks its search for alternative import partners, Indian startups are emerging as key contenders across multiple industries. Yet, breaking into international markets often poses hurdles from complex regulations and logistics to a lack of trusted buyers. That’s where ITE Group steps in as a global business enabler connecting Indian innovation with real market demand in one of the world’s most import-driven economies. With over three decades of experience and 30+ international exhibitions and summits held annually across Russia, ITE has built powerful platforms that go beyond showcasing products. These events serve as launchpads for…
Deeptech startup HYDGEN has raised $5 million in a mix of equity and debt funding led by Transition VC, with participation from Cloudberry Pioneer Investments, Moringa Ventures, and strategic family offices from India and Singapore. The funds will be used to upgrade HYDGEN’s production facility to a semi-automated line, enhance its single-stack capacity to 250 kW, and expand operations to Japan, Europe, and the Middle East. The company aims to strengthen its manufacturing scale and meet the growing global demand for affordable green hydrogen systems. A spin-off from the National University of Singapore (NUS), HYDGEN specializes in developing anion exchange…
A Homegrown Innovator with Global Vision Founded in 2017 by brothers Aditya Ishan Varshnei and Anish Varshnei, Latambarcem Brewers has swiftly become a name synonymous with innovation in India’s beverage industry. Headquartered in Goa, the company stands at the intersection of craft, science, and sustainability reimagining how India drinks through a blend of authenticity, technology, and local artistry. Its state-of-the-art automated brewery combines European precision with Asian creativity, establishing Goa as a world-class brewing hub. Guided by Purpose, Driven by Values Latambarcem Brewers was born with a clear mission to craft beverages that elevate both lifestyle and wellness. The company’s…
Reliance Industries Limited (RIL) has announced the formation of a new joint venture with Facebook Overseas Inc., a subsidiary of Meta Platforms, to develop and commercialize enterprise artificial intelligence (AI) solutions in India. The newly incorporated entity, Reliance Enterprise Intelligence Limited (REIL), will focus on building, marketing, and distributing AI-based enterprise services for Indian businesses. RIL’s subsidiary, Reliance Intelligence, has initially invested ₹2 crore for 2 million equity shares valued at ₹10 each. According to the company’s filing, REIL will begin as a wholly-owned subsidiary of Reliance Intelligence and later transition into a joint venture under an amended agreement with…
Docon Technologies Pvt Ltd, a promoter entity of Thyrocare Technologies, sold 53.33 lakh equity shares, representing roughly 10% of the company’s paid-up capital, through open market transactions on October 24. The transaction was valued at ₹667.7 crore, with an average price of ₹1,252 per share, according to stock exchange filings. Following the sale, Docon’s stake in Thyrocare reduced from 71% to 61%, retaining promoter status with 3.2 crore shares. The block sale drew significant participation from domestic mutual funds, highlighting investor confidence in the diagnostics sector. Key buyers included ICICI Prudential Mutual Fund, which acquired 17.49 lakh shares worth ₹218.9…
U.S.-based private equity firm Blackstone is set to acquire a 9.99% stake in Kerala-headquartered Federal Bank for approximately ₹6,196.5 crore (around $705 million), marking its largest investment into an Indian bank in recent times. Deal Structure and Board Rights The transaction, executed through Blackstone’s Singapore affiliate, Asia II Topco XIII Pte Ltd., will involve the issuance of up to 272.97 million convertible warrants at ₹227 each (face value ₹2 plus a premium of ₹225). Once exercised, the warrants will translate into equity shares and Blackstone will become the largest shareholder of Federal Bank. The bank’s board has also approved a…
In a significant move to strengthen Haryana’s startup ecosystem, the Haryana Industries and Commerce Department has partnered with SIDBI Venture Capital Ltd. (SVCL) to launch the Atmanirbhar Startup Venture Fund with a capital commitment of ₹100 crore. The contribution agreement (CA) was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, on behalf of the Haryana government, and Arup Kumar, Managing Director and CEO of SVCL. This initiative aligns with Chief Minister Nayab Singh Saini’s vision to make Haryana a global hub for innovation and entrepreneurship. The fund aims to provide early-stage startups with financial support, market…
Bengaluru-based Zomato co-founder Deepinder Goyal has announced a $25 million self-funded initiative to support Continue Research, a global project dedicated to understanding human ageing and biology. Launched two years ago, Continue Research functions both as a research team and a seed fund, providing resources to scientists exploring unconventional ideas in biology and longevity. The initiative is designed to investigate the upstream mechanisms of ageing, moving beyond conventional approaches to focus on fundamental processes that govern human biology. Goyal emphasizes a systems-based perspective, suggesting that biological systems may be simpler than traditionally understood. By adopting this methodology, the project aims to…
Michezo Sports, a Bengaluru-based sports infrastructure startup, has raised $2.5 million in its pre-Series A funding round led by Centre Court Capital, with participation from Rainmatter, Zerodha’s investment arm. The fresh capital will enable the company to expand into new infrastructure segments and strengthen its sports equipment distribution platform. Founded in 2019, Michezo Sports offers turnkey solutions for sporting facilities, encompassing design, construction, and maintenance. The startup has successfully completed over 350 projects, including athletic tracks, football and hockey turfs, badminton and squash courts, and other specialized sports infrastructure. Michezo emphasizes adherence to global standards, following guidelines from organizations such…