Indian Startup News

Magma, a fast-growing provider of vertically integrated industrial solutions, has raised $5 million in a Series A funding round led by Capria Ventures, with participation from Avinya Ventures, Sanjiv Rangrass, and returning backers including General Catalyst, Accion Venture Lab, and WEH Ventures. The Ahmedabad-based startup said the fresh capital will be used to strengthen its core offerings, invest in backward integration, and accelerate its technology platform tailored to India's manufacturing economy. The new funding follows a $3.3 million round raised last year from General Catalyst, Titan Capital, and others. Read the full story here:👇 https://lnkd.in/dXXwvVvN #smes #industry #management #b2b #business #funding #investors #investment #ahmedabad #company #startup #indianstartupnews

Trillionloans Fintech, an NBFC firm majority‑owned by BharatPe, has named Sandeep Singh its new chief executive officer (CEO) as the firm gears up for an expansion of its digital credit business. Singh succeeds Sabyasachi Senapati, who is moving to a new leadership post at BharatPe Group but will stay on Trillionloans' board as a whole‑time director to ensure a smooth handover. Read the full story here:👇 https://lnkd.in/djiCbYvx #fintech #payments #nbfc #bharatpe #leadership #management #ceo #business #startup #indianstartupnews

Former Shark Tank India judge Ashneer Grover has distanced himself from the ongoing Gensol-BluSmart financial controversy, saying he is a “victim” in the situation, not a participant. In a strongly worded post on X (formerly Twitter), Grover slammed media coverage linking him to the case and said, “Dragging my and my company’s name in this Gensol / BluSmart fiasco is rather shameful and cheap journalism.” Grover revealed that he had personally invested Rs 1.5 crore in BluSmart and Rs 25 lakh in Matrix, stating, “I hope the business/company can survive the current fiasco for sake of its stakeholders.” The controversy stems from a SEBI interim order issued on April 15, which revealed that Anmol Singh Jaggi—promoter of Gensol Engineering Ltd, currently under investigation for alleged fund diversion—had invested Rs 50 lakh in Grover’s startup, Third Unicorn Pvt Ltd, by acquiring 2,000 shares. As of March 31, 2024, Jaggi still held his stake. “A private limited company is not liable for the conduct of shareholder or doing diligence/ascertaining their source of funds,” he wrote. #ashneergrover #blusmart #investors #money #scandal #business #startups #indianstartupnews

Garuda Aerospace, the Chennai-based drone manufacturing startup, has raised Rs 100 crore in its Series B funding round, marking a valuation of $250 million. The round was led by early-stage investor Venture Catalysts (VCAT) and is aimed at expanding the startup's domestic manufacturing capabilities and reinforcing its position in India's defence and industrial drone ecosystem. Read the full story here:👇 https://lnkd.in/dt55j85g #aerospace #innovation #drone #manufacturing #technology #funding #investors #investment #chennai #startup #indianstartupnews

Acclaimed film producer Shailesh R. Singh and actor-entrepreneur Virral Patel have joined iline, an electric vehicle (EV)-only logistics platform, as co-founders. The collaboration marks a significant milestone for India's green mobility and smart logistics landscape. Founded in 2024, iline is a future-ready logistics startup that integrates artificial intelligence with 100% electric vehicle operations to transform last-mile delivery across urban India. Read the full story here:👇 https://lnkd.in/deuju6xw #entrepreneur #founders #lastmile #actor #ev #logistics #partnership #ai #delivery #startup #indianstartupnews

Karnataka's startup ecosystem witnessed a sharp decline in funding activity in the first quarter of 2025, with total capital raised dropping 23% quarter-over-quarter, according to Tracxn's latest Karnataka Tech Funding Report. The state's startups collectively raised $633 million, a steep fall from the $825.5 million in Q4 2024 and an even more pronounced 46% drop from $1.2 billion in Q1 2024. The report underscores a continued cooling in venture activity, marked by the absence of any $100 million+ deals or new unicorns during the quarter—an indication of investor caution amid a broader recalibration of startup valuations and growth expectations. Read the full story here:👇 https://lnkd.in/dPEBmEgB #funding #startups #karnataka #bengaluru #business #company #investors #investment #indianstartupnews

That Sassy Thing, a homegrown sexual wellness brand for women, has raised Rs ~6 crore in a seed funding round led by Inflection Point Ventures. Entrepreneurs and investors such as Bala Sarda (Vahdam Teas), Saurabh Munjal (Lahori Zeera), and Kirti Jangra (Animall Technologies) have also joined the cap table over the two rounds. The round also saw participation from Chandigarh Angels Network (CAN). Read the full story here:👇 https://lnkd.in/dspXa7hN #women #health #wellness #brand #funding #investors #angelinvestors #investment #startup #indianstartupnews That Sassy Thing

Profitable B2B commerce unicorn OfBusiness has raised Rs 100 crore in fresh funding from Cornerstone Ventures, as the industrial procurement major gears up for its public market debut. The investment marks the first deployment from Cornerstone's second fund, a $200 million vehicle launched last year with a dual mandate to back both early-growth and late-stage B2B enterprises. Read the full story here:👇 https://lnkd.in/dak73SMP #b2b #unicorn #commerce #business #smes #manufacturing #company #gurugram #startup #indianstartupnews

Reliance Industries-owned soft drink maker Campa Cola will invest Rs 1,000 crore to set up its manufacturing plant across 35 acres in Begusarai, Bihar. The proposal was cleared by the Project Clearance Committee of the Bihar Industrial Area Development Authority (BIADA), signalling a significant boost to the state’s manufacturing sector. Notably, this marks one of the largest single-company investments in Bihar in recent years. #bihar #Begusarai #investment #mukeshambani #campacola #colddrinks #reliance #indianstartupnews

In a move aimed at boosting investment and job creation, the Andhra Pradesh government has allotted 21.6 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) for just 99 paise, according to media reports. TCS reportedly plans to build a new development center with an investment of Rs 1,370 crore. The project is expected to generate more than 12,000 jobs in the region. The report comes as the Andhra Pradesh is aiming o attract Rs 40 trillion in investments and create 2 million jobs by 2029. So far, the state has reportedly received investment proposals worth Rs 8 trillion. While the move is being praised for encouraging large-scale employment, it also sparked a wave of humorous reactions online due to the nominal price tag. “How will 99 paise be paid through a bank transaction? 🤔” one user joked on X. Another wrote, “1 rupee coin doesn’t work in many places anymore. How is TCS going to pay 99 paise?” #TCS #tatagroup #andhrapradesh #investment #land #employment #technology #indianstartupnews