Bengaluru-based Climate-Tech Venture Expands Circular Economy Solutions Carbon Masters India, a climate-tech company focused on circular economy innovations, has raised a fresh equity round led by Schneider Electric Energy Access Asia (SEEAA), Sangam Ventures, and IAN Group, with participation from Sriram Sankaran (Synchron Group) and Muthu Murugappan (Murugappa Group). The deal also brings Vikram Raman (SEEAA) and Sriram Sankaran onto the company’s Board of Directors. Focus of Investment The new capital will be used to: About Carbon Masters Founded by Som Narayan and Kevin Houston, Carbon Masters transforms organic waste that would otherwise reach landfills into renewable biomethane and bio-enriched…
Author: Aman Atulya
Bengaluru-based Startup Secures Pre-Series A Funding OnFinance AI, a generative AI platform built specifically for the Banking, Financial Services, and Insurance (BFSI) sector, has raised $4.2 million in a Pre-Series A round. The round was led by Peak XV’s Surge, with participation from Shyamal Hitesh Anadkat, Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, and existing investors Indian Angel Network (IAN) and Silverneedle Ventures (SNV). About OnFinance AI Founded in 2023 by Anuj and Priyesh Srivastava, OnFinance AI develops generative AI-powered solutions to automate and streamline regulatory compliance, risk management, and audit processes in the BFSI sector. Its…
Bengaluru-based HR Tech Startup Secures Seed Funding Human resources technology startup All Things People (ATP) has raised Rs 7 crore in seed funding from a consortium of investors including Varun Alagh (Founder & CEO, Honasa), Amit Dalmia, Alex von Behr, Vivek Gambhir, and Amit Sinha. The capital will be used to scale ATP’s flagship product, atp|reflect, enhance its AI-driven analytics capabilities, and expand its marketing and sales footprint. About All Things People Founded in 2024 by Anish Singh, Kshitij Jain, and Shashank Shekhar, ATP is a next-generation HR tech company focused on transforming workplace experiences globally. The startup combines artificial…
H-1B Visa Overhaul: Trump’s $100,000 Fee Targets Skilled Foreign Workers In a significant shift in U.S. immigration policy, President Donald Trump has signed a proclamation imposing a $100,000 fee on new H-1B visa applications. This move aims to restrict the entry of foreign workers into the United States, particularly in the technology sector, and is part of the administration’s broader efforts to overhaul the H-1B visa program. Understanding the H-1B Visa The H-1B visa program, established in 1990, allows U.S. employers to temporarily employ foreign workers in specialty occupations that require theoretical or technical expertise. These positions typically include roles…
Online Travel Firm Deepens Investment in Green Hospitality Online travel aggregator EaseMyTrip has increased its stake in Eco Hotels and Resorts Limited by 7.77% through a rights issue, further expanding its presence in the hospitality sector. The parent entity, Easy Trip Planners, approved the investment during a board meeting on September 20, according to its stock exchange filing. Investment Details The company subscribed to 10 lakh equity shares at Rs 15.20 apiece, taking the total investment to around Rs 15.2 crore, which will be paid in tranches. EaseMyTrip initially entered the hospitality space in December 2023, acquiring a 13% stake…
In a digital landscape long dominated by global giants, a new homegrown contender is emerging with a bold vision: to keep India’s content in India. i – A Treefe Company, founded by entrepreneur Kapil Agarwal, is positioning itself as the country’s first AI-powered social media ecosystem designed for creators, businesses, and communities alike. The Mission: Smarter, Safer, Proudly Indian At its core, i.AI is more than just another app. It is a movement to empower users across Tier-1, Tier-2, and Tier-3 cities to create, connect, and thrive on a platform built with India’s cultural and digital needs in mind. From…
Wearable tech startup Ultrahuman has posted a sharp financial turnaround in FY25, delivering 5X year-on-year revenue growth and turning profitable for the first time. FY25 Snapshot The company’s consolidated financials reveal that overall income touched ₹581 crore, fueled largely by demand for its flagship Ring Air smart ring, continuous glucose monitor M1 Live, and Blood Vision testing solution. Global Footprint Ultrahuman operates via a holding entity in India with four subsidiaries across the US, UK, and Middle East. The US accounted for 61.4% of revenue, followed by the Middle East (5.9%), UK (4.5%), and India (2.7%). Newer markets like Thailand,…
EVamp Technologies, the company behind the Mobilane electric vehicle charging network, has raised ₹7 crore in its first external funding round, aimed at scaling India’s EV charging infrastructure and ramping up in-house manufacturing of AC and Light Electric Vehicle (LEV) DC chargers. Building India’s EV Infrastructure Founded by Devansh Shah and Gunjan Mehta, EVamp Technologies owns and operates Mobilane, a pan-India EV charging platform delivering smart, integrated hardware and software solutions. The company designs and manufactures AC and LEV DC chargers, catering to urban, residential, and highway networks. Financial Strength & Technology Edge Unlike most early-stage EV infrastructure firms, EVamp…
Essar-backed Blue Energy Motors has raised USD 30 million in a fresh funding round led by Zerodha co-founder Nikhil Kamath and Omnitex Industries, a major textile trading firm. The capital will be deployed to expand manufacturing capacity for both liquefied natural gas (LNG) and electric heavy-duty trucks. Scaling Production Currently, Blue Energy Motors has the capacity to produce 10,000 trucks annually. With the new funding, production is expected to increase significantly to meet rising demand. The company claims to have sold approximately 1,000 vehicles, which have collectively clocked over 60 million kilometres on Indian roads. Driving Sustainable Freight Founder and…
Indian deep-tech startup SpaceFields has raised $5 million (approximately ₹42 crore) in a pre-Series A funding round led by Globaz Technologies, with participation from Rockstud Capital, Venture Catalysts, Nithin Kamath’s Rainmatter, Burla Angel Network, Faad Capital, SIDBI, O2 Angels, and MeitY Startup Hub. Prior to this, the startup had secured $1.3 million in seed funding in 2024 from Jamwant Ventures, HVB 88 Angels, and other investors. The latest capital injection will enable SpaceFields to scale manufacturing, secure key regulatory certifications, and expand its engineering, operations, and business teams. Driving India’s Aerospace & Defence Innovation Founded in 2021 by Apurwa Masook,…