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News on Medial
Rukam Sitara, Flipkart Ventures Back Xportel to Boost India’s Export Tech
StartupTalky
·
1m ago
Medial
Xportel, a tech-driven platform facilitating international expansion for Indian businesses, secured seed funding from Rukam Sitara and Flipkart Ventures. The investment will enhance Xportel’s technology, operations, and marketing efforts, supporting Indian SMEs and digital brands in global markets. Xportel addresses export barriers by offering comprehensive solutions from documentation to logistics. With India's export ambitions rising, backed by government initiatives, Xportel aims to simplify and digitize exports, positioning itself as a critical player in the growing export-tech sector.
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Flipkart Ventures selects five startups for its accelerator programme
Economic Times
·
5m ago
Medial
Flipkart Ventures has chosen five startups for its Flipkart Leap Ahead accelerator programme, offering each up to $500,000 in equity investments and mentorship. Selected startups include Xportel, Factors.ai, Expertia.ai, Bharat Krushi Seva, and Visa2Fly. Participants will receive guidance on business, product, technology, and finance from Flipkart leaders. This initiative aims to support India's startup ecosystem by fostering innovation and providing strategic networks. Since its start, Flipkart Ventures has supported over 20 startups.
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Ashish Kacholia, Jungle Ventures lead funding in Sanlayan; Roomstory bags pre-seed cheque
VCCircle
·
2m ago
Medial
Sanlayan Technologies, a defence electronics startup, secured Rs 186 crore in Series A funding led by Ashish Kacholia, Jungle Ventures, and others to expand its engineering and manufacturing capabilities. Founded in 2023, it specializes in advanced electronic systems design. Additionally, Roomstory.ai, an AI-driven interior design platform, raised Rs 3 crore in pre-seed funding from Rukam Sitara Fund to enhance AI capabilities, launch applications, and build a user community for interior design fans.
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Roomstory.ai Raises INR 3 Crore to Power AI Interior Shopping
StartupTalky
·
2m ago
Medial
Roomstory.ai, an AI-driven interior shopping platform, secured INR 3 Crores in pre-seed funding led by Rukam Sitara Fund. The capital will enhance AI capabilities, launch websites and apps, and expand the user base. Co-founded by Ekatva Jain, Sahil Lunia, and Punit Jain, the platform bridges the gap between inspiration and shopping for interiors. The investment highlights the growth potential in the design-tech sector, aligning with global and Indian market trends.
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Flipkart Ventures and DPIIT launch Flipkart Tourism Challenge
YourStory
·
3m ago
Medial
Flipkart Ventures, in collaboration with DPIIT, has launched the Flipkart Tourism Challenge, part of India’s Startup India initiative. The program seeks innovative travel-tech solutions to enhance traveler experiences, focusing on areas like AI-enabled pricing tools and tech-integrated experiences. Open to DPIIT-recognised startups and Indian companies, the challenge aims to foster technology-driven solutions. Winners receive mentorship, prize money, and potential integration with Flipkart’s ecosystem, supporting the growth of India’s digital economy and startup landscape.
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Flipkart Ventures invests in five early-stage tech startups
Economic Times
·
1y ago
Medial
Flipkart Ventures, the venture investing arm of Flipkart, is investing in five early-stage startups as part of its accelerator program called Flipkart Leap Ahead (FLA). These startups, Algomage, Castler, FlexifyMe, NimbleBox.ai, and ReCircle, are part of the third cohort of Flipkart Leap Ahead. Flipkart Ventures aims to provide mentorship and equity investments ranging from $250,000 to $500,000 to these startups, fostering growth and innovation in various sectors including deep tech, fintech, health tech, generative AI, and sustainability.
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Funding, regulations, consumer trust key hurdles for Indian startups: Rukam Capital founder
Economic Times
·
3m ago
Medial
Indian startups face challenges like securing consistent funding, navigating complex regulations, and retaining talent, according to Rukam Capital's Archana Jahagirdar. Though ambitious, they struggle with funding distribution, regulatory bottlenecks, and building consumer trust in a price-sensitive market. Founders should focus on strong fundamentals and leverage technology. The Indian startup ecosystem has matured significantly, driven by consumer tech and ventures outside major cities. Opportunities in diverse sectors like agritech and education promise growth, while government initiatives support the landscape.
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KPIT CEO calls for increased R&D, deeptech investments - The Economic Times
Economic Times
·
1m ago
Medial
KPIT CEO Kishor Patil emphasizes the need for India to boost R&D investment, foster deeptech innovation, and enhance export quality to compete globally in the automotive sector. He cites India’s potential amidst geopolitical shifts and advocates for increased government support. KPIT has ramped up its R&D spending and expanded globally, notably acquiring Caresoft Global Technologies to strengthen its position in the off-highway commercial vehicle segment and enter the China market.
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Tamil Nadu CM MK Stalin inaugurates VinFast's first EV plant in India at Thoothukudi
IndianStartupNews
·
7d ago
Medial
Tamil Nadu Chief Minister M.K. Stalin inaugurated VinFast's first Indian electric vehicle (EV) plant in Thoothukudi. The facility, located on 408 acres, can initially produce 50,000 vehicles annually, with expansion plans to 150,000 units. Specializing in assembling premium SUVs for domestic and export, it marks VinFast’s third global facility. The plant aims to boost India’s manufacturing ambitions, leveraging Tamil Nadu's industrial strength and skilled labor. VinFast targets 200,000 global deliveries in 2025.
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Lavni Ventures announces first close of early stage deep-tech impact fund
Entrackr
·
1d ago
Medial
Lavni Ventures announces first close of early stage deep-tech impact fund Lavni Ventures has launched a Rs 200 crore deep-tech impact fund to back India’s most promising science-led startups, bringing global scale to climate, healthcare, energy, and education breakthroughs. With government-backed policies like the National Deep Tech Startup Policy and the Deep Tech Innovation Platform gaining traction, Lavni Fund II aims to ride this wave of momentum by investing in technology-driven solutions that can profitably tackle some of the world’s toughest problems. Lavni’s portfolio companies, such as Padcare Labs, Monitra Healthcare, and MedPrime Technologies, exemplify the potential of India’s deep-tech ecosystem. Collectively, Fund I startups, till FY25, have contributed to over 3.5 million student learning hours, more than 10,000 healthcare interventions in underserved markets, and 303 metric tons of CO₂ equivalent saved. “The successful launch of Fund II, with strong repeat participation from Fund I LPs, validates our core thesis: Indian deep-tech founders are uniquely positioned to deliver scalable impact and attractive returns,” said Vasu Guruswamy, co-founder and General Partner at Lavni Ventures. According to Lavni Ventures, Fund II will deploy Rs 2 crore to Rs 8 crore per opportunity at the Seed to Series A stage, and Rs 8 crore to Rs 15 crore for follow-on investments. The fund reviews over 800 deep-tech deals annually and applies a selection process focused on sustainable business models, measurable impact, and exit potential. Lavni Ventures, established in 2020 and led by Vasu Guruswamy, Sanjay Kanvinde, and Krishna Shivram, is a SEBI-registered Category II Alternative Investment Fund. It specializes in deep-tech impact investing, funding early-stage startups across medtech, edtech, cleantech, and agritech sectors.
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Flipkart merges tech and product ops of travel and epharmacy biz
Economic Times
·
1y ago
Medial
Flipkart has merged the technology and product roles of its new businesses, Cleartrip and Flipkart Health Plus, into its core commerce team to streamline operations. This integration has taken place ahead of Flipkart's flagship festive season sale, BigBillionDays, which is anticipated to start on October 7 or 8. Cleartrip and Flipkart Health Plus are experiencing fast growth, and Flipkart aims to have a linear structure across all its businesses. Tech initiatives, like the shopping assistant Flippi, are being implemented across the company's various ventures.
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