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Titan Capital launches investment vertical to back Indian defence-tech startups

EntrackrEntrackr · 6m ago
Titan Capital launches investment vertical to back Indian defence-tech startups
Medial

Titan Capital launches investment vertical to back Indian defence-tech startups Seed-stage venture capital firm Titan Capital has launched a specialised investment vertical to fund startups innovating in India’s defence and strategic technology space. With this program, Titan Capital is looking to invest in startups working in hardware, aerospace, cybersecurity, and manufacturing. The focus is on national security, supporting deep-tech innovation, generating jobs, and helping India become an exporter of strategic technologies. Kunal Bahl, Co-founder of Titan Capital, said, “We need to back our brightest minds—engineers, researchers, and builders—to create sovereign, dual-use technologies that can shape not just India’s future, but the future of global defence…” As part of this initiative, Titan Capital is also looking to collaborate with veterans from the armed forces, scientists, and experienced technologists who can help assess and guide these investments with strategic insight and domain expertise. Titan Capital has backed over 250 startups to date, including Ola, Razorpay, Urban Company, OfBusiness and Giva. With this new initiative, it hopes to shape the next generation of strategic innovation at the intersection of purpose, tech, and nation-building.

JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital

EntrackrEntrackr · 5m ago
JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital
Medial

Investors from the early-stage angel network JIIF have invested in a Rs 350 crore fund by Atomic Capital, a newly launched consumer-focused venture capital firm. JIIF-affiliated angel investors alone contributed Rs 26.5 crore to the fund. According to JIIF, this is the largest collective bet by JIIF’s investors in the consumer VC space, underscoring rising conviction in India’s next wave of consumption, driven by digital-first brands, regional demand, and wellness-oriented products. Commenting on the investment, Jeenendra Bhandari, Chairman of JIIF, said, “It is a proud moment to see JIIF members backing Atomic Capital’s first fund. Their investment aligns with our broader thesis of supporting category-defining, purpose-led startups. India’s consumer opportunity is massive, and Atomic’s operating model is well positioned to unlock enduring brand value.” Atomic Capital operates with an “Operating VC” approach, offering not just capital but also hands-on support in brand building, growth marketing, supply chain optimization, and leadership hiring. In FY25, JIIF’s investor base deployed over Rs 60 crore across more than 20 startups spanning fintech, healthtech, AI, logistics, and consumer. The network now supports a portfolio of over 150 companies. Mumbai-based Atomic Capital, an early-stage VC firm founded in 2024 by Apoorv Gautam, combines strategic depth with on-ground execution.

Peak XV’s Shailesh Lakhani and Abheek Anand to step down

EntrackrEntrackr · 9m ago
Peak XV’s Shailesh Lakhani and Abheek Anand to step down
Medial

Peak XV’s managing partners Shailesh Lakhani, a 17-year veteran of the firm, and Abheek Anand, who co-led investments in Southeast Asia, have decided to step down. Lakhani has confirmed his departure from the venture capital firm through a post on micro-blogging platform X. “As my time at Peak XV/Sequoia India reaches 17.5 years, I’ve decided it’s the right moment to step back from the firm. It has been an incredible journey—one that began in August 2007, when India’s startup ecosystem was in its infancy, to today, where it stands as one of the most vibrant in the world. I wouldn’t have traded this courtside seat for anything,” said Lakhani. Anand has not made an official statement regarding his resignation, but TechCrunch first reported it this afternoon. Lakhani and Anand were appointed as Managing Directors of Peak XV during the company's rebranding from Sequoia Capital. This is a developing story. Stay tuned for updates.

Social network app Currently raises $1 Mn led by Aarvi Family Office

EntrackrEntrackr · 1m ago
Social network app Currently raises $1 Mn led by Aarvi Family Office
Medial

Social network app Currently raises $1 Mn led by Aarvi Family Office Currently is a real-time moment sharing app that helps people discover what others are doing right now, fostering genuine connections, conversations, and local interactions. Social network app Currently has raised $1 million in a funding round led by Aarvi Family Office LLP along with participation from LJ Knowledge Foundation, Dhruv Patel, Pratik Patel, Neerav Dad, Arpit Patel, Priyank Parmar, and other investors and family offices. The fresh funds will be used to introduce new real-time features, upgrade tech, expand engineering and design teams, and grow city-based communities and brand partnerships, Currently said in a press release. Launched in 2023 by Mitesh Shethwala, Currently is a real-time moment sharing app that helps people discover what others are doing right now, fostering genuine connections, conversations, and local interactions. It focuses on authenticity and spontaneity, redefining how people connect and share their lives. With features such as Live Map, Authentic Status Sharing, and Business Check Ins, the platform aims to evolve into India’s first real-time people network, a digital layer that reconnects people in the physical world and celebrates being present. "Social media was supposed to make us social in the real world — but today, it’s more about entertainment and ads. Currently brings back authenticity by showing what people are doing right now, not what algorithms decide. We are not replacing anything — we are rebuilding what social media was meant to be,” said Mitesh Shethwala, founder of Currently.

Google to invest $10 Bn in Visakhapatnam data centre cluster

EntrackrEntrackr · 1m ago
Google to invest $10 Bn in Visakhapatnam data centre cluster
Medial

Google is planning a massive push in India by investing $10 billion to build a new data centre cluster in and around Visakhapatnam. The project will include three campuses in nearby villages such as Adavivaram, Tarluvada, and Rambilli, and will have a total power capacity of 1 gigawatt. Key infrastructure steps include laying three submarine cables, building cable landing stations, and deploying high-capacity fiber and telecom networks. Google aims to make these centres fully operational by July 2028. The deal is expected to be formalized when top Google executives meet with Andhra Pradesh’s IT and Electronics Minister Nara Lokesh in New Delhi on October 14. This will likely be the largest-ever direct investment by Google in India’s digital infrastructure. Earlier, Google had signed a memorandum of understanding with the Andhra Pradesh government in December 2024, soon after a change in state leadership. The state government is also pushing to amend laws and issues related to data to make it easier for such large digital projects to proceed. Visakhapatnam’s data centre cluster will be part of India’s first AI Infrastructure Hub, a zone meant to concentrate cutting-edge digital infrastructure. The aim is to boost advanced research, AI capabilities, and related technology growth in Andhra Pradesh and across India. At present, Google operates data centres in 11 other countries but has no cluster of this scale yet in India.

Jumbotail turns unicorn after $120 Mn Series D round

EntrackrEntrackr · 5m ago
Jumbotail turns unicorn after $120 Mn Series D round
Medial

Jumbotail, a B2B marketplace and new retail platform for food and grocery, has raised $120 million in a funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc. Existing investors including Artal Asia participated in the round. This brings Jumbotail’s total capital raised to $263 million, according to a press release shared with Entrackr. According to Entrackr analysis, Standard Chartered Group will hold an 8.12% stake after investing $81.6 million, while existing investor Artal Asia will own 15.15% following a $5.1 million infusion. Entrackr estimates Jumbotail’s valuation at around $950 million with this investment and expects it to surpass $1 billion after the full $120 million raise. Jumbotail has declined to comment on its valuation. The development comes soon after the acquisition of Solv India by Jumbotail for an undisclosed amount. Founded in 2015, Jumbotail runs an online wholesale marketplace, providing product distribution and a suite of ancillary services for both sellers and buyers. On the other hand, Solv caters to the diverse commerce and fintech requirements of India’s small retailers (kiranas) and MSMEs. “This is a transformative moment in our journey,” said Ashish Jhina, co-founder and COO of Jumbotail. “Together with Solv, we now help thousands of brands and MSME sellers reach over 500,000 small retailers across more than 400 cities and towns in India.” While Jumbotail has not yet filed its financials for FY24 and FY25, its revenue from operations grew 2.17X to Rs 819 crore in FY23. However, losses also more than doubled to Rs 264 crore in the same year.

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