Ajay Kumar Verma
Features News
How TripGain is automating the hidden complexities of corporate travel
Founded in 2019 by Sudheer Reddy and Ranga Prasad Badasheshi, Bengaluru-based TripGain is a SaaS platform built to tackle the under-the-radar inefficiencies of corporate travel.
TripGain automates every stage of the travel and expense lifecycle, from booking and approval to reconciliation and reporting. It acts as a vendor-agnostic marketplace, integrating flights, hotels, and transport services from hundreds of suppliers. It powers over 400 corporates and 800 SMEs, managing millions of travel transactions and achieving an annual recurring revenue (ARR) of $3 million.
Read here.
Inside Peps Industries’ Rs 500 Cr mattress brand
Founded in 2006 by G Shankar Ramm, Peps Industries retails sleep solutions products under the brand name Great Sleep Stores. With a footprint of 82 exclusive stores and close to 35-40% share of the organised spring-mattress market, it offers over 13,000 SKUs across price tiers.
The company’s FY2025 revenue crossed Rs 500 crore, with over Rs 400 crore coming from mattresses, and the rest from accessories like pillows, sheets and sofas.
Read here.
Inside Karan Johar’s dating startup Elevn
Founded by Karan Johar, Raghav Chaturvedi, and Ramya Chaturvedi, Elevn is a women-led dating app where men can only join through a woman-user’s endorsement. Post which, an AI-based verification system ensures genuinity, helping users connect without the fatigue and uncertainty that often comes with online dating.
Backed by Whiteboard Capital and Beenext, Elevn plans to expand across metros, deepen its event ecosystem, and scale its paid subscription base.
Read here.
Funding News
Mobility-tech startup Tsuyo raises Rs 40 crore in Pre-Series A round
Tsyo Manufacturing has raised Rs 40 crore in a pre-Series A round led by Avaana Capital. The electric powertrain design and manufacturing company will use the freshly raised investments for its next phase of growth, enhancing its integrated end-to-end capabilities by establishing a second R&D centre and commissioning a new greenfield manufacturing facility.
The upcoming manufacturing unit will be Tsuyo’s third manufacturing unit, focused on producing high-wattage electric motors (up to 250 kW), and transmission assemblies. It will also feature a dedicated vehicle testing track and advanced end-of-line validation systems aligned with PM e-Drive and FAME standards.
Confectionery company Oroos raised Rs 20 crore in funding
Noida-based Oroos Confectionary has raised Rs 20 crore in a funding round led by Fireside Ventures, with backing from State Bank of India, and a set of strategic angel investors. The company said the capital will be used to establish an automated manufacturing unit in Greater Noida, and to build its distribution network across Tier-II and Tier-III towns.
The round also saw participation from industry leaders such as Vikash Agarwalla (MD and Partner, BCG India), Sanjay Wali (COO, VST Industries), Praneet Gupta (Director, Leading Sovereign Wealth Fund), Porush Jain (Founder, Sportskeeda), and Chandan Deep ( Seasoned VC Investor), among others.
Oroos’s Noida plant, supported by SBI’s Startup Branch (CGTMSE) scheme and with an MOU with Invest UP, is designed to deliver high output efficiency, consistent quality, and product innovation.
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StampMyVisa raises Rs 4 crore
Artificial Intelligence (AI)-powered B2B visa processing company StampMyVisa has raised a bridge round of Rs 4 crore. The round was led by existing investor Unicorn India Ventures, as a part of StampMyVisa’s bridge round.
The Bengaluru-based company will be using the freshly raised funds for future growth, marketing and to support the acquisition of Teleport, to expand its operations in South India.
Fambo raises Rs 21.55 Cr to accelerate next phase of growth
Noida-based food solutions startup Fambo has raised Rs 21.55 crore from AgriSURE Fund and EV2 Ventures to accelerate the next phase of its growth. The startup will use the freshly raised funds for geographical expansion, product line diversification, team building, and strengthening its technology stack.
Founded in 2022, Fambo provides food solutions for the HoReCa (Hotels, Restaurants, Cafés) industry, supplying fresh farm produce and semi-processed food products that enable restaurants to deliver consistent quality across outlets in a cost-effective way. It serves over 1,000 restaurants and cloud kitchens across North and Central India, including the likes of Burger King, McDonald’s, California Burrito, Burger Singh, Nomad Pizza, and Barbeque Nation, among others.
Other News
Infibeam Avenues gets IFSCA nod to operate as payment service provider at GIFT City
Listed fintech company Infibeam Avenues has announced that the International Financial Services Centres Authority (IFSCA) has granted in-principle approval to its wholly-owned subsidiary, IA Fintech IFSC Private Ltd (IA Fintech), to operate as a Payment Service Provider (PSP) in the Gujarat International Finance Tec-City –International Financial Services Centre (GIFT-IFSC).
With this in-principle approval, IA Fintech is set to deliver a broad suite of digital payment and cross-border financial services to businesses operating within Gandhinagar-based GIFT-IFSC and international markets.
(This article will be updated throughout the day)
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