Author: Shashank Prakash

August 12, 2025 | By StartupByDoc News Desk Pronto, India’s first 10-minute household help app, has raised $11 million in Series A funding, co-led by General Catalyst and Glade Brook Capital, with participation from Bain Capital Ventures (BCV). Founded in 2024 by Anjali Sardana, Pronto operates a real-time, shift-based home services model that connects households with trained, background-verified professionals for tasks such as cleaning, laundry, utensil washing, and basic meal preparation — all within 10 minutes of booking. From Informal Networks to Reliable Urban Utility Unlike traditional aggregator platforms, Pronto’s shift-based delivery system offers workers predictable incomes, benefits, and professional…

Luxury vacation rental startup Elivaas has secured $10.4 million (₹87 crore) in Series B funding to scale its premium villa and apartment rental offerings in India and global markets. The round was led by Vertex Ventures Southeast Asia & India, with participation from existing backers Peak XV Partners’ Surge and 3one4 Capital. With this latest round, Elivaas’ total funding now stands at $18.4 million, including its $3 million Seed and Angel investments and a $5 million raise in 2024. Founded by Ritwik Khare and Karan Miglani, Elivaas specializes in luxury villa, apartment, and second-home rentals, catering to high-end leisure and…

In a major boost to India’s healthtech ecosystem, Truemeds — a fast-growing online pharmacy and medicine delivery platform — has successfully closed its $85 million Series C funding round. The round saw participation from marquee investors including Peak XV Partners, Accel, WestBridge Capital, and Info Edge Ventures. The funding was executed in two tranches, signaling strong and sustained investor confidence in Truemeds’ business model and growth trajectory. This capital infusion is expected to accelerate the company’s expansion strategy, enabling deeper penetration into Tier-II and Tier-III cities where access to affordable and authentic medicines remains a significant challenge. Founded with the…

India’s lending landscape just got a major boost. Trident Growth Partners (TGP), a leading growth-stage private equity firm, has invested ₹120 crore in Mumbai-based NBFC Credit Wise Capital (CWC), as part of a ₹200 crore funding round — marking CWC’s first institutional capital raise. This is the second big bet from TGP’s ₹2,000 crore debut fund, signaling strong conviction in India’s emerging credit infrastructure. Fueling India’s Tier II–IV Lending Boom Founded by Aalesh Avlani and Gurpreet Singh Sodhi, Credit Wise Capital focuses on two-wheeler loans and MSME lending, especially across underserved Tier II to IV cities. With operations in 215+…

Square Yards, one of India’s leading proptech platforms, is preparing to raise ₹2,000 crore through an initial public offering (IPO), targeting a valuation between $1.5–2 billion, according to sources familiar with the matter. Headquartered in Gurugram, the company is currently in the process of appointing investment bankers and is expected to file its Draft Red Herring Prospectus (DRHP) within the current financial year. The proposed ₹2,000 crore IPO will be equally divided between primary and secondary components. A significant portion of the capital raised will be allocated toward providing exits for early investors and reducing the company’s debt burden. Founded…

About E-Cell, IIT Bombay The Entrepreneurship Cell of IIT Bombay is Asia’s largest non-profit student-run organization, having received patronages from UNESCO, Make in India, Startup India, and Digital India. It aims at manifesting the latent entrepreneurial spirit among the youth of this country and serves as a dynamic platform that encourages entrepreneurship across India through its year-long initiatives. About NEC Launched with the vision of creating a robust entrepreneurial ecosystem at the grassroots level, NEC provides a structured pathway for colleges to establish and nurture student-run E-Cells. Through carefully curated challenges, mentorship, and exposure opportunities, NEC transforms college students into…

India’s homegrown e-commerce giant Meesho has taken a major step towards going public — and it’s doing it quietly. The company has confidentially filed its Draft Red Herring Prospectus (DRHP) with SEBI, planning to raise a massive ₹4,250 crore (~$500 million) through a primary share sale, according to sources. This move follows Meesho’s bold reverse flip back to India, positioning itself as a fully Indian company ahead of its IPO dreams. Just last month, Meesho transitioned from a US-registered entity to an Indian one — a move that reportedly cost $288 million but set the stage for a blockbuster public…

Jumbotail, a leading B2B e-commerce platform in India, has reached unicorn status after raising $120 million in its Series D funding round. This major achievement shows the company’s strong growth and the rising importance of tech-driven supply chains in India’s retail sector. The funding round was led by a group of global investors. With this new capital, Jumbotail plans to expand its operations, improve its technology, and reach more small and medium retailers across the country. Based in Bengaluru, Jumbotail helps thousands of small shops and kirana stores by offering an online platform to buy groceries and other products in…

EKA Mobility, an electric vehicle (EV) company based in Pune, has raised ₹200 crore from private equity firm ENAM Holdings. This funding is a big step for the company as it aims to become a unicorn — a startup valued at over $1 billion. The money was raised through convertible preference shares. EKA Mobility will use these funds to grow its manufacturing setup and improve production. Sudhir Mehta, the founder and chairman of EKA Mobility, said, “This fundraise is a big milestone in our journey. We believe it will help us become a unicorn soon.” EKA is growing fast and…

One of India’s most cherished names in luxury jewellery, Badalia Diamond Jewellers, has rebranded as Golubhai Badalia Diamond. This new identity marks not just a name change but a homage to the legacy that spans generations, now carried forward with renewed passion and vision. With a reputation for exquisite craftsmanship and bespoke design, the brand now enters a new chapter under the leadership of Golubhai Badalia, whose deep-rooted connection to the brand’s lineage lends both authenticity and aspiration. Golubhai Badalia, the namesake and Managing Director, said, “This isn’t just about rebranding, it’s about honouring where we come from while shaping…