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 genuineness, 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 Cr 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 Cr in funding
Noida-based Oroos Confectionery 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 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 Cr
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.
SaveSage raises $1M in pre-seed round
SaveSage, an AI-driven platform for credit card and loyalty program optimisation, has raised $1 million (a mix of equity and debt) in its pre-seed funding round to strengthen SaveSage’s AI engine, expand its product capabilities, and drive user growth.
Existing investors Bhavesh Gupta, along with new investors NR Narayanan, Lalit Wadhwa, DSP Family Office, Venture Catalysts, and Suvrat Sehgal, have participated in the round.
Event technology startup Ticket9 raises funds
Event technology startup Ticket9 has raised an undisclosed funding to expand into Europe. The startup is backed by celebrities like Nayanthara and Vignesh Shivan.
Founded in 2022 by Yazhini Shanmugam and Sathos Premraj, Ticket9 has powered thousands of events across India and beyond. Its latest product, Ticket9 RSVP, enables event organisers to run invitation-based, community-first experiences, making events more personal, secure and engaging.
Happi Planet raises Rs 18 crore to fuel next phase of growth
Home-care startup Happi Planest has raised Rs 18 crore from existing investor, Fireside Ventures, with participation from Prath Ventures. The startup will use its freshly raised funds for category expansion, team building, and brand building.
With products spanning key home care categories like laundry care, kitchen care and surface cleaning, Happi Planet has recorded 15x growth over the last one year.
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.
Arctic Wolf expands its GCC operations in India
Cybersecurity company Arctic Wolf announced the expansion of its India Global Capability Centre (GCC) with the opening of a new office in Bengaluru. According to the company, this facility underscores the company’s commitment to strengthening global research and development (R&D) and building cybersecurity expertise in India.
Arctic Wolf launched its India operations in Bengaluru in October 2024 and has grown to over 300 employees. With this expansion, the company aims to accelerate innovation in security operations and scale a dedicated AI practice.
“Our rapid growth in India underscores the strength of the local talent ecosystem,” said Lisa Tetrault, Senior Vice President, Security Services, Arctic Wolf. “This R&D hub will be instrumental in developing cutting-edge solutions that empower organisations globally to end cyber risk.”
Supervity launches agentic solution for accounts payable
Supervity, an agentic AI software company, introduced its Accounts Payable AI Command Centre. According to the company, this solution performs the functions of invoice capture and validation to approvals, exceptions, and payments with fewer errors, faster cycle times, and full visibility across systems.
Supervity said during early pilots, it resulted in a 90% reduction in invoice cycle times, a 50–70% decrease in manual exception handling, significant gains in on-time payments and discount captures, and improved audit readiness and compliance transparency.
The company claimed that, through this solution, finance teams can achieve faster closures, higher accuracy, and better control, without adding headcount.
Culture Circle unveils quick shipping service
Culture Circle, a hype and luxury app, launched Insta Ship, a shipping feature that allows customers to receive their products within a day of placing their order.
With Insta Ship, Culture Circle customers can now access the collection of sneakers, streetwear, and luxury apparel available for instant shipping, featuring top global brands such as Nike, Adidas, Yeezy, Jordan, Louis Vuitton, Balenciaga, Dior, and more. Culture Circle said that since the introduction of Insta Ship, it has recorded a 45% uptick in orders and achieved a 99% success rate.
Advent International exits from Aditya Birla Capital
Private equity firm Advent International has exited Aditya Birla Capital by selling its entire 2.04% stake in the company for Rs 1,638 crore through open market transactions.
US-based Advent International, through its special purpose vehicle Jomei Investments Ltd, offloaded 2.66 crore shares each or 2.04% stake in Aditya Birla Capital on the BSE and NSE through separate block deals.
The combined transaction was valued at around Rs 1,638.56 crore, at an average price of Rs 308 apiece on both the exchanges.
(This article will be updated throughout the day)
Edited by Megha Reddy
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