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TREND | 20 May 2025

CureBay raises $21 million in Series B round

Business Line

The funding round led by Bertelsmann India Investments also saw participation from existing investor Elevar Equity,British International Investment.

Startups

TREND | 20 May 2025

Venture capital firm growX bags 17x return on partial exit from Space-tech from Pixxel

Business Line

Launched in 2019, growX Fund I, is a $25 million early-stage fund backing 17 B2B technology startups across sectors like DeepTech, FinTech, SaaS, and HealthTech

Startups

TREND | 15 May 2025

Government Approves 187 Startups For Income Tax Exemption Benefits

NDTV Profit

The income tax benefit scheme is designed to support emerging businesses in their formative years, encouraging innovation, job creation, and wealth generation.

Startups

TREND | 15 May 2025

Norwest leads 1,465 cr investment in IKF Finance to boost growth

Business Standard

Private equity fund Norwest on Thursday announced that it has led a Rs 1,465-crore investment in the Hyderabad-based non-bank lender IKF Finance. The investment includes both primary share issuances and also secondary transactions, according to a statement. Norwest has led the round with a USD 100 million or about Rs 850 crore investment, it said. The company, founded in 1991, operates in nine states, offering secured retail loans and credit for small businesses. It also gives loans against property and affordable home finance through a home finance subsidiary. It had a loan book of Rs 6,700 crore as of March 2025. The company is backed by Accion and its limited partners, it said, adding that existing investor Motilal Oswal PE has also invested in the current round. "This is our largest fundraise to date and a key milestone in our journey to expand access to inclusive, flexible financial solutions for underserved communities," the company's founder and chairman VGK Prasad said. Th

Startups

TREND | 13 May 2025

Biryani Blues raises $5 million in funding led by Yugadi Capital fund

Business Standard

Quick service restaurant chain Biryani Blues on Tuesday said it has raised USD 5 million (over Rs 40 crore) in a funding round led by Carpediem Capital's new fund Yugadi Capital with participation of other investors. The fund raised in a pre-Series C funding round will support expansion strategy, enhance human capital across functions, and upgrade operations and logistics. The brand plans to open over 100 new outlets over the next three years, Biryani Blues said in a statement. "We are poised to accelerate our expansion by opening over a 100 new brand stores over the next three years, in popular high street markets and malls across north India," Biryani Blues Co-founder Raymond Andrews said. Operating under Thea Kitchen Pvt. Ltd, Biryani Blues runs 68 outlets across North India and Bengaluru. Earlier, Biryani Blues raised USD 5 million in Series B funding from Rebel Foods in FY22. It had previously secured USD 2 million in Series A funding from Carpediem Capital Partners Fund I...

Startups

TREND | 12 May 2025

AI firm Perplexity eyes $14 billion in valuation in fresh funding round

Business Standard

Venture capital firm Accel is set to lead the round, the report said. Perplexity did not immediately respond to a Reuters request for comment

Startups

TREND | 11 May 2025

The biz of drone power: Startups, traditional giants fuel India's arsenal

Business Standard

As many as 550 drone companies have come up in India in 5 years. More than 100 companies are in the defence sector. Drone market revenue is expected be worth $11 billion by FY30

Startups

TREND | 09 May 2025

Startups get boost as govt raises credit guarantee cover to 20 crore

Business Standard

Revised CGSS raises guarantee cover to 20 crore and increases protection for lenders to encourage credit flow and reduce risks for innovation-led startups

Startups

TREND | 08 May 2025

Government Approves Revised Credit Guarantee Scheme For Startups To Rs 20 Crore

NDTV Profit

The government on Thursday approved a revised Credit Guarantee Scheme for Startups (CGSS), under which the maximum guarantee cover per borrower has been doubled to Rs 20 crore.

Govt clears revised credit guarantee scheme for startups, max cover 20 cr

Business Standard | 08 May 2025

Startups

TREND | 08 May 2025

Space Tech Startup InspeCity Raises $5.6 Million In Seed Funding To Drive In-Orbit Satellite Servicing

NDTV Profit

The investment will also help InspeCity's transition from R&D to commercialisation.