Deal Street Journal

Deal Street Journal (DSJ) is a premier news and data platform dedicated to the new-age companies that are reshaping the world through their innovations.

[Deal Street Journal @DealStreetJ]

Healthtech startup @RioHealth has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹43.08 𝐜𝐫𝐨𝐫𝐞 𝐢𝐧 𝐚 𝐏𝐫𝐞-𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 round led by Version One Ventures, with participation from existing investors Xeed Ventures, Good Capital and Amplify Partners.

The capital will support working capital, capex, infrastructure and business expansion.

Founded in 2023 by Ankur Agrawal and Amit Ahuja, Rio operates a pharmacy-led quick-commerce model, allowing customers to order medicines and healthcare products through WhatsApp, with delivery targeted within 15–30 minutes. The company currently operates three dark stores and plans to expand to more than 15 across Delhi-NCR.

According to Rio, it processes 30,000+ orders monthly, with an average order value of ₹600–700 and nearly 80% repeat orders. Its website reports more than 10 lakh cumulative orders and 50,000+ families served.

Rio’s 𝐅𝐘25 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐬 𝐫𝐞𝐟𝐥𝐞𝐜𝐭 𝐚𝐧 𝐞𝐚𝐫𝐥𝐢𝐞𝐫 𝐬𝐭𝐚𝐠𝐞, with 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐨𝐟 ₹1.45 𝐥𝐚𝐤𝐡, versus nil in FY24, while 𝐨𝐭𝐡𝐞𝐫 𝐢𝐧𝐜𝐨𝐦𝐞 𝐬𝐭𝐨𝐨𝐝 𝐚𝐭 ₹17.94 𝐥𝐚𝐤𝐡. The company remained EBITDA negative.

Against a growing e-pharmacy market, Rio is positioning itself between digital pharmacy and quick commerce, with its focus on hyperlocal inventory, rapid fulfilment and repeat demand.

If you wish to read detailed article:
https://t.co/hL35Ebjo4K

[Deal Street Journal @DealStreetJ]

@Definedge Securities has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹22 𝐜𝐫𝐨𝐫𝐞 𝐢𝐧 𝐚 𝐏𝐫𝐞-𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐫𝐨𝐮𝐧𝐝, taking its total funding to ₹30 crore, as the trading-technology company looks to scale its brokerage, analytics, algorithmic trading and systematic-investing ecosystem.

The round saw participation from existing investors Nitin Agarwal and D. Prasad, alongside new investors Anant Jain and Sachin Kasera.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2021 by Prashant Shah (@Prashantshah267) and Rajesh Badiye (@rajesh_badiye), Definedge started with trading software and investor education before entering securities broking. Its product ecosystem now spans trading and technical analysis, options analytics through OPSTRA, no-code algo trading through Algostra and systematic investing through Momentify.
@Definedge says Momentify has crossed ₹1,000 crore in AUM, while it has added around 60,000 demat accounts over the past 15 months without marketing spend. The new capital will support margin funding, marketing and distribution, AI and automation, and technology infrastructure.

The strategy comes as Indian brokers increasingly diversify beyond transaction-led revenues into wealth, lending, asset management and distribution. Definedge is pursuing a different route, using its technology and analytics capabilities to deepen monetisation through investment tools and systematic products.

Its FY25 financials show the cost of this expansion, 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐫𝐨𝐬𝐞 62% 𝐭𝐨 ₹71.11 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, while 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐧𝐞𝐚𝐫𝐥𝐲 90% 𝐭𝐨 ₹78.03 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, pushing EBITDA margin from positive to negative.

The latest funding will now test whether Definedge can convert its expanding product ecosystem into stronger revenue growth and operating leverage.

If you wish to read more:

https://t.co/9M8v3eo844

[Deal Street Journal @DealStreetJ]

Protein Pantry (@Proteinpantryin) , a high-protein frozen food brand, has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹9 𝐜𝐫𝐨𝐫𝐞 𝐢𝐧 𝐚 𝐬𝐞𝐞𝐝 𝐫𝐨𝐮𝐧𝐝 led by (@SharrpVentures) Sharrp Venutes (Harsh Mariwala Investment Office), with participation from (@peercheque) Peercheque, Consumer Collective by Atrium and Indian Silicon Valley Capital, alongside angel investors.

The company plans to use the capital to scale manufacturing, strengthen R&D and supply chain capabilities, and expand its product and geographic footprint.

Operated by Slappin Foods, incorporated in October 2024 by Disha Bhattacharya and Prashanth Bhushan, Protein Pantry launched commercially in November 2025. Its portfolio includes soya chaap, kebabs, cutlets and falafels, positioned as convenient, protein-focused alternatives for everyday meals.

The brand says it has 𝐬𝐞𝐫𝐯𝐞𝐝 30,000+ 𝐡𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝𝐬 and is available through D2C and quick-commerce channels across multiple cities. Its competitive landscape includes Vezlay, Greenest and GoodDot, alongside broader frozen-food brands.

For FY25, Slappin Foods 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐧𝐨 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 and 𝐭𝐨𝐭𝐚𝐥 𝐞𝐱𝐩����𝐧𝐬𝐞𝐬 𝐨𝐟 ₹3.62 𝐥𝐚𝐤𝐡, primarily incorporation and professional charges. These figures predate the commercial launch.

The key challenge is converting early adoption into repeat consumption while scaling manufacturing and frozen-food economics.

If you wish to read more:
https://t.co/GqbLGiXkpg

[Deal Street Journal @DealStreetJ]

Electric commercial mobility startup #DRIVN has 𝐫𝐚𝐢𝐬𝐞𝐝 $4.7 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 (₹45 crore) in a seed round led by (@avaanacapital) Avaana Capital.

The company plans to use the capital for business requirements and general corporate purposes.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2025 by Manav B. and Alpna Jain, DRIVN owns and leases electric intercity buses and heavy-duty trucks, while offering fleet operations, charging infrastructure and battery lifecycle management. The company is building an asset-backed model aimed at helping commercial fleet operators transition to electric vehicles.

The funding follows an up to $80 million financing commitment from Nomura announced earlier this year, providing additional capital for commercial EV deployment.

DRIVN has also partnered with Jio-bp to explore charging solutions for commercial EVs, including buses and trucks.

For the financial period under review, DRIVN 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝 ₹4.86 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 and an 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧 𝐨𝐟 -54.94%.

With a capital-intensive leasing model, the key challenge will be scaling vehicle deployment while building sustainable asset-level economics.

If you wish to read more:

https://t.co/DCZk9twkl3

[Deal Street Journal @DealStreetJ]

#Factrika has 𝐫𝐚𝐢𝐬��𝐝 ₹8.9 𝐜𝐫𝐨𝐫𝐞 𝐢𝐧 𝐬𝐞𝐞𝐝 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 led by @InfoEdgeIndiaLtd to strengthen its technology and team and expand across additional industrial clusters, including Bhiwadi, Manesar, Bawal, Noida and Bahadurgarh.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2024 by Kshitij Puri and Gaurav Asthana, Factrika is a technology-enabled industrial workforce platform helping manufacturers source, deploy and manage verified blue-collar workers for daily, project-based and permanent requirements. Factories can specify skills, location, shift and duration, while the platform provides workforce deployment, attendance visibility and replacement support.

Factrika says it has 10,000+ workers across 20+ skill categories, access to more than 4,000 ITIs and 1,000 polytechnic institutes, a 90%+ show rate and over 65,000 shifts completed. Its clients include Lenskart, Asahi India Glass, Jubilant Foods and Epack Durables.

Financially, the company remains at an early stage, reporting ₹3 lakh in revenue and negative EBITDA during the period under review. Factrika estimates its addressable manufacturing workforce opportunity at $23 billion.

Its key challenge is converting operational traction into recurring revenue and sustainable unit economics as it scales across industrial clusters.

If you wish to read more:
https://t.co/qHO26ZFCpe

[Deal Street Journal @DealStreetJ]

Firi (@firiapp) has 𝐫𝐚𝐢𝐬𝐞𝐝 $3 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in seed funding led by 360 ONE (@360ONEAsset) , with participation from Better Capital (@better_capital) , CRED founder (@kunalb11) Kunal Shah and Consumer Collective by Atrium.

The company will use the capital to expand into makeup, fragrances and other beauty categories, while adding dark stores in Gurugram ahead of expansion into other cities.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2026 by 𝘧𝘰𝘳𝘮𝘦𝘳 𝘜𝘣𝘦𝘳 𝘐𝘯𝘥𝘪𝘢 𝘦𝘹𝘦𝘤𝘶𝘵𝘪𝘷𝘦𝘴 Vivek Madani and Karishma Rathaur, Firi combines beauty discovery, product curation and rapid fulfilment. It currently focuses on skincare, haircare and bodycare, using consumer reviews, ingredient analysis and product information to narrow choices for consumers.

Firi says 𝐢𝐭 𝐡𝐚𝐬 𝐚𝐧𝐚𝐥𝐲𝐬𝐞𝐝 50 𝐦𝐢𝐥𝐥𝐢𝐨𝐧+ 𝐛𝐞𝐚𝐮𝐭𝐲 𝐫𝐞𝐯𝐢𝐞𝐰𝐬 to identify products with strong consumer acceptance, targeting what it describes as the top 1% of products worth considering. According to the company, its 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐫𝐝𝐞𝐫 𝐯𝐚𝐥𝐮𝐞 is 𝐧𝐞𝐚𝐫𝐥𝐲 𝐭𝐰𝐢𝐜𝐞 that of Nykaa and Tira.

India's BPC market is projected by Redseer to reach $40 billion by 2030. Firi's key challenge will be proving that review-led curation can create a durable advantage against quick-commerce platforms competing on speed and beauty marketplaces competing on assortment, while maintaining healthy inventory and customer economics.

[Deal Street Journal @DealStreetJ]

TRUE ARTIS has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹11.4 𝐜𝐫𝐨𝐫𝐞 in a 𝐬𝐞𝐞𝐝 𝐫𝐨𝐮𝐧𝐝 led by (@Zeropearlvc) Zeropearl VC , with participation from Eleven Group and a group of healthcare and startup investors.

The company plans to use the capital to open two new centres in Delhi-NCR, expand its surgeon network and strengthen surgical, recovery, technology and patient-care capabilities.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2025 by Ankit Joshi , 𝘧𝘰𝘳𝘮𝘦𝘳 𝘝𝘪𝘤𝘦 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵 𝘢𝘵 𝘗𝘳𝘪𝘴𝘵𝘺𝘯 𝘊𝘢𝘳𝘦, and Sandeep Upadhyay, 𝘧𝘰𝘳𝘮𝘦𝘳 𝘊𝘩𝘪𝘦𝘧 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘖𝘧𝘧𝘪𝘤𝘦𝘳 𝘢𝘵 𝘓𝘦𝘷𝘦𝘳𝘢𝘨𝘦 𝘌𝘥𝘶, TRUE ARTIS operates centres in Gurugram and Delhi, spanning plastic surgery, cosmetic procedures, dermatology, hair restoration and non-surgical aesthetics.

ndia's medical aesthetics market was valued at $650.7 million in 2025, according to IMARC, and is projected to reach $1.33 billion by 2034. 𝐆𝐥𝐨𝐛𝐚𝐥𝐥𝐲, 𝐭𝐡𝐞 𝐢𝐧𝐭𝐞𝐫𝐬𝐞𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐆𝐋𝐏-1-𝐥𝐞𝐝 𝐰𝐞𝐢𝐠𝐡𝐭 𝐥𝐨𝐬𝐬 𝐚𝐧𝐝 𝐚𝐞𝐬𝐭𝐡𝐞𝐭𝐢𝐜 𝐜𝐚𝐫𝐞 𝐢𝐬 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐝𝐞𝐦𝐚𝐧𝐝 𝐝𝐫𝐢��𝐞𝐫. McKinsey found that 63% of patients seeking facial aesthetics after GLP-1-related weight loss were not active users of medical-aesthetics services, although the finding is based on US providers and is not directly representative of India.

TRUE ARTIS says it has served 10,000+ clients and works with around 20 plastic surgeons. With two more centres planned in Delhi-NCR, the company is now moving from an initial centre-led model towards a broader aesthetic healthcare network.

The next phase will test whether it can replicate its specialist-led experience at scale while maintaining clinical quality, patient acquisition efficiency and operating economics.

If you wish to read more:
https://t.co/a8LpwoLPAN

[Deal Street Journal @DealStreetJ]

Gurugram-based fashion discovery startup #Slayd has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹1.5 𝐜𝐫𝐨𝐫𝐞 in a 𝐩𝐫𝐞-𝐬𝐞𝐞𝐝 round led by (@ajuniorvc) AJVC , valuing the company at approximately ₹16.66 crore post-money.

The fresh capital will be used to strengthen the team and scale its private-label business, Slayd Originals.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2025 by IIT Roorkee alumni Sparsh Jain, Harsh Porwal and Kumar Prasang, Slayd brings products from 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 300 𝐦𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞𝐬 𝐚𝐧𝐝 𝐃2𝐂 𝐛𝐫𝐚𝐧𝐝𝐬 into a single fashion discovery layer. The platform adds 𝐧𝐞𝐚𝐫𝐥𝐲 1 𝐥𝐚𝐤𝐡 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 and uses a proprietary model evaluating more than eight signals to identify emerging trends. The company says it has 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐞𝐝 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 2,000 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐛𝐞𝐬𝐭𝐬𝐞𝐥𝐥𝐞𝐫𝐬.

Slayd has 𝐜𝐫𝐨𝐬𝐬𝐞𝐝 200,000 𝐮𝐬𝐞𝐫𝐬, with more than 40% month-one retention, while its most active users engage over 10 times monthly. Slayd Originals, launched in beta, is generating around 1,000 orders per month, according to the company.

With financial statements yet to be filed, the key test will be whether Slayd can convert discovery engagement into scalable private-label commerce while managing inventory and working capital efficiently.

If you wish to read more:
https://t.co/5Yr3hNOLKu

[Deal Street Journal @DealStreetJ]

@RajanAnandan Best Wishes.... looking forward to reading..

[Deal Street Journal @DealStreetJ]

D2C fashion startup 𝐔𝐧𝐢𝐪𝐘𝐨𝐮 has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹15.8 𝐜𝐫𝐨𝐫𝐞 in a 𝐬𝐞𝐞𝐝 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 round led by (@arkam_vc) Arkam Ventures and (@AntlerGlobal) Antler India, with participation from angel investors including (@AbhishekTracxn) Abhishek Goyal, 𝘧𝘰𝘶𝘯𝘥𝘦𝘳 𝘰𝘧 𝘛𝘳𝘢𝘤𝘹𝘯, and (@InfiniChai) Chaitanya Ramalingegowda, 𝘤𝘰-𝘧𝘰𝘶𝘯𝘥𝘦𝘳 𝘰𝘧 𝘞𝘢𝘬𝘦𝘧𝘪𝘵.

Based on the share issuance and post-transaction ownership details, 𝐭𝐡𝐞 𝐫𝐨𝐮𝐧𝐝 𝐢𝐦𝐩𝐥𝐢𝐞𝐬 𝐚 𝐩𝐫𝐞-𝐦𝐨𝐧𝐞𝐲 𝐞𝐪𝐮𝐢𝐭𝐲 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 ₹46.50 𝐜𝐫𝐨𝐫𝐞.

𝐈𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐝 𝐢𝐧 𝐀𝐩𝐫𝐢𝐥 2026, UniqYou is building an AI-led women’s fashion platform around its “𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐅𝐚𝐬𝐡𝐢��𝐧” model. The company uses real-time consumer signals to identify emerging fashion trends and translate them into products through faster development and go-to-market cycles.

It is also developing AI-enabled personalisation to improve product discovery and customer engagement.

UniqYou 𝐨𝐩𝐞𝐫𝐚𝐭𝐞𝐬 𝐢𝐧 𝐚 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐭𝐫𝐞𝐧𝐝-𝐥𝐞𝐝 𝐟𝐚𝐬𝐡𝐢𝐨𝐧 𝐬𝐞𝐠𝐦𝐞��𝐭 alongside Hopnob, NEWME and Savana by Urbanic. The latest funding will support its technology, product development and consumer proposition as it builds the business.

With no filed financial statements yet, the key test ahead will be whether UniqYou can convert faster trend discovery into sustained customer demand, repeat purchases, efficient inventory management and sustainable unit economics as it scales.

If you wish to read more:
https://t.co/fVSgtKLo0v

[Deal Street Journal @DealStreetJ]

Recently, 𝐏𝐨𝐩𝐨 𝐆𝐥𝐨𝐛𝐚𝐥, the company behind (@Pizzabakery_Ind) The Pizza Bakery , Paris Panini and Smash Guys, has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹532 𝐜𝐫𝐨𝐫𝐞 from global investment firm (@Artalcapital) Artal Capital Asia for a significant minority stake, marking its first external funding round. The transaction reportedly values the company at around ₹1,250 crore.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2017 by brothers Nikhil Gupta and AB Gupta, Popo began with The Pizza Bakery before expanding into French-inspired sandwiches through Paris Panini and smash burgers through Smash Guys. The company has grown to more than 40 outlets, primarily across Bengaluru, along with an outlet in Colombo.

𝐏𝐨𝐩𝐨 𝐡𝐚𝐬 𝐥𝐚𝐫𝐠𝐞𝐥𝐲 𝐛𝐨𝐨𝐭𝐬𝐭𝐫𝐚𝐩𝐩𝐞𝐝 𝐢𝐭𝐬 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐟𝐨𝐥𝐥𝐨𝐰𝐬 𝐚 𝐦𝐮𝐥𝐭𝐢-𝐛𝐫𝐚𝐧𝐝, company-operated model, supported by dine-in restaurants and delivery kitchens. It also uses pop-ups to test new concepts before scaling them.

The funding comes as India’s organised food-services market expands, driven by urbanisation, rising incomes, food delivery and growing adoption of QSR and fast-casual formats.

The fresh capital will support expansion beyond Bengaluru, with the key test being whether Popo can replicate its brand and unit-economics playbook across India.

If you wish to read more:
https://t.co/b9PCOZx3Lm

[Deal Street Journal @DealStreetJ]

Graph AI (@graphaiservices) has 𝐫𝐚𝐢𝐬𝐞𝐝 $13.3 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in a 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐫𝐨𝐮𝐧𝐝 led by (@insightpartners) Insight Partners , with participation from existing investor (@BessemerVP) Bessemer Venture Partners.

The funding will support expansion across the US and Europe and further development of its AI-powered patient-safety platform.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2024 by Raghavendra Parvataraju, Vijay Ponukumati, Mohan Konyala and Ashutosh Bordekar, Graph AI is building an AI-native operating system for pharmacovigilance, helping pharmaceutical companies collect, process and report drug-safety information.

Its Graph Safety platform covers safety-data intake, case processing, validation, regulatory reporting and safety-signal detection. According to the company, live deployments have 𝐫𝐞𝐝𝐮𝐜𝐞𝐝 𝐜𝐚𝐬𝐞-𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐭𝐮𝐫𝐧𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐢��𝐞𝐬 𝐟𝐫𝐨𝐦 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐭𝐡𝐫𝐞𝐞 𝐡𝐨𝐮𝐫𝐬 𝐭𝐨 𝐮𝐧𝐝𝐞𝐫 10 𝐦𝐢𝐧𝐮𝐭𝐞𝐬 and 𝐥𝐨𝐰𝐞𝐫𝐞𝐝 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬 𝐛𝐲 𝐮𝐩 𝐭𝐨 66%.

In its first year, 𝐆𝐫𝐚𝐩𝐡 𝐀𝐈 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞𝐝 ₹10.81 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐰𝐡𝐢𝐥𝐞 𝐫𝐞𝐦𝐚𝐢𝐧𝐢𝐧𝐠 𝐄𝐁𝐈𝐓𝐃𝐀-𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞, with an 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧 𝐨𝐟 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 0.34%.

The fresh capital will help scale the platform internationally as Graph AI seeks to convert early automation gains into recurring enterprise software revenue.

if you wish to read more:

https://t.co/QgwJXT1Txe

[Deal Street Journal @DealStreetJ]

(@Uber) Uber has 𝐢𝐧𝐯𝐞𝐬𝐭𝐞𝐝 ₹95.5 𝐜𝐫𝐨𝐫𝐞 ($10 𝒎𝒊𝒍𝒍𝒊𝒐𝒏) in #CarrumMobility (Backed by @CarDekho Group), 𝐦𝐚𝐫𝐤𝐢𝐧𝐠 𝐢𝐭𝐬 𝐬𝐞𝐜𝐨𝐧𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 in the technology-enabled fleet operator 𝐰𝐢𝐭𝐡𝐢𝐧 𝐞𝐢𝐠𝐡𝐭 𝐦𝐨𝐧𝐭𝐡𝐬.

The investment follows a ₹62 𝐜𝐫𝐨𝐫𝐞 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐢𝐧 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 2026 and 𝐯𝐚𝐥𝐮𝐞𝐬 𝐂𝐚𝐫𝐫𝐮𝐦 𝐚𝐭 ₹1,600 𝐜𝐫𝐨𝐫𝐞 ($168 𝒎𝒊𝒍𝒍𝒊𝒐𝒏), 𝐮𝐩 𝐟𝐫𝐨𝐦 𝐨𝐯𝐞𝐫 ₹580 𝐜𝐫𝐨𝐫𝐞 ($65 million), representing a roughly 2.75x increase.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2024 by Karan Jain, 𝘧𝘰𝘳𝘮𝘦𝘳 𝘔𝘤𝘒𝘪𝘯𝘴𝘦𝘺 𝘈𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘦 𝘗𝘢𝘳𝘵𝘯𝘦𝘳 𝘢𝘯𝘥 𝘙𝘦𝘷𝘷 𝘧𝘰𝘶𝘯𝘥𝘦𝘳, Carrum buys, deploys and manages EV and CNG vehicles while using technology for driver onboarding, payments, maintenance, communication and fleet optimisation.

It currently operates around 5,100 vehicles with more than 18,000 drivers across six cities, supplying vehicles to Uber’s Go, Premier and Black categories.

Carrum generated ₹600 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐢𝐧 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 during its first year of commercialisation, with an 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧 𝐨𝐟 19.90% and 𝐩𝐫𝐨𝐟𝐢𝐭 𝐦𝐚𝐫𝐠𝐢𝐧 𝐨𝐟 4.17%. The company plans to more than double its fleet to 11,000 vehicles over the next 12 months.

The broader fleet-management market is expanding alongside ride-hailing and EV adoption, but Carrum’s key challenge will be scaling its asset-heavy model while maintaining utilisation and returns on capital.

If you wish to read more:
https://t.co/MfvzvekXyr

[Deal Street Journal @DealStreetJ]

Fashion and lifestyle brand Theater has 𝐫𝐚𝐢𝐬𝐞𝐝 𝐔𝐒$ 7.8 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 (about ₹75 crore) in a 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐫𝐨𝐮𝐧𝐝 led by (@niveshaay) Niveshaay, with participation from #PhysisCapital, #𝐅𝐢𝐫𝐬𝐭𝐏𝐨𝐫𝐭𝐂𝐚𝐩𝐢𝐭𝐚𝐥, #𝐒𝐤𝐚𝐠𝐞𝐧𝐕𝐞𝐧𝐭𝐮𝐫�#𝐒𝐤𝐚𝐠𝐞𝐧𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬 and existing investor #PrathVentures.

The company plans to use the capital to expand its offline retail footprint across Tier I and Tier II cities and strengthen brand-building initiatives.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2021 Sarthak Aggarwal, Shruti Aggarwal, Karan Jain and Vikram Jain, Theater is building a mass-premium, design-led Western fashion brand spanning footwear, handbags, stockings, socks and fragrances. The brand has expanded significantly from its early focus on stockings and accessories and is now pursuing a broader omnichannel strategy.

The fundraise also marks a 𝐬𝐡𝐚𝐫𝐩 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧. 𝐈𝐧 𝐌𝐚𝐲 2026, Theater raised funding from STRIDE Ventures through partly paid CCPS at a 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐫𝐨𝐮𝐧𝐝 ₹190 𝐜𝐫𝐨𝐫𝐞. The current round 𝐯𝐚𝐥𝐮𝐞𝐬 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 𝐚𝐭 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 ₹420 𝐜𝐫𝐨𝐫𝐞 𝐩𝐨𝐬𝐭-𝐦𝐨𝐧𝐞𝐲, representing a more than 2.2x increase in just five months.

Financially, Theater's 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐠𝐫𝐞𝐰 137% 𝐭𝐨 ₹333 ��𝐢𝐥𝐥𝐢𝐨𝐧 in FY2025, although its 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧 𝐫𝐞𝐦𝐚𝐢𝐧𝐞𝐝 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞,the company is in growth phase and continued investing in advertising, sales promotion and talent. The company has yet to publish its FY2025-26 financials.

With fresh capital, Theater is now looking to accelerate offline expansion and build a larger national fashion brand. Whether this expansion can sustain its growth while improving profitability will be closely watched.

Read the full story for the valuation jump, financial performance and what investors are betting on as Theater scales.

If you wish to read more:

https://t.co/P0T4WHDmsx

[Deal Street Journal @DealStreetJ]

Swish(@justswishin) , a full-stack, vertically integrated food delivery platform, has 𝐫𝐚𝐢𝐬𝐞𝐝 $24 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in a funding round led by (@biifund) Bertelsmann India Investments, with participation from (@AccelIndia) Accel, (@BainCapVC) Bain Capital Ventures and Hara Global Capital Management.

The company plans to use the capital to expand its neighbourhood kitchen network across Bengaluru and Delhi NCR, enter new cities and build towards 1,000+ 𝐤𝐢𝐭𝐜𝐡𝐞𝐧𝐬.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2024 by Aniket Shah (@aniketshah30) , Ujjwal Sukheja (@ujjwal_sukheja) and (@saranonearth) Saran S., Swish operates its own kitchens and controls food preparation, technology and delivery. Its kitchens typically serve customers within a one-kilometre radius, with average preparation time below four minutes. 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐨𝐫𝐝𝐞𝐫𝐬 𝐡𝐚𝐯𝐞 𝐭𝐫𝐢𝐩𝐥𝐞𝐝 𝐬𝐢𝐧𝐜𝐞 𝐌𝐚𝐫𝐜𝐡 2026 𝐭𝐨 𝐨𝐯𝐞𝐫 𝐨𝐧𝐞 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, while lunch and dinner have emerged as its largest consumption occasions.

The 𝐥𝐚𝐭𝐞𝐬𝐭 𝐫𝐨𝐮𝐧𝐝 𝐯𝐚𝐥𝐮𝐞𝐬 𝐒𝐰𝐢𝐬𝐡 𝐚𝐭 𝐨𝐯𝐞𝐫 $175 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐩𝐨𝐬𝐭-𝐦𝐨𝐧𝐞𝐲, 𝐚𝐫𝐨𝐮𝐧𝐝 30% 𝐡𝐢𝐠𝐡𝐞𝐫 than its approximately $137.4 million valuation in March.

Financially, Swish 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝 ₹40.5 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐅𝐘2025 𝐫𝐞𝐯𝐞𝐧𝐮𝐞, with a negative gross margin and    EBITDA margin. Its FY2025-26 financials are yet to be published.

Swish’s key challenge is converting rapid order growth into sustainable margins and unit economics as it scales.

If you wish to read detailed article:
https://t.co/00PJudn1Xx

[Deal Street Journal @DealStreetJ]

#DigitalPaani, an IoT-enabled digital management platform for wastewater operations, has 𝐫𝐚𝐢𝐬𝐞𝐝 ₹22 𝐜𝐫𝐨𝐫𝐞 in a funding round led by (@navamcapital) Navam , with participation from 𝐞𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 including @EnziaVC) Enzia Ventures , (@ChakraGrowth) Chakra Growth Capital, (@3one4Capital) 3one4 Capital and others.

The fresh capital will support expansion across industrial and municipal markets, operational scaling and international expansion.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2020 by Rajesh Jain and Mansi Jain, DigitalPaani combines IoT, software, automation and data analytics to help organisations monitor and optimise 𝐒𝐞𝐰𝐚𝐠𝐞 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐏𝐥𝐚𝐧𝐭𝐬 (STPs) and 𝐄𝐟𝐟𝐥𝐮𝐞𝐧𝐭 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐏𝐥𝐚𝐧𝐭𝐬 (ETPs).

Its platform uses sensors and 75+ 𝐚𝐥𝐠𝐨𝐫𝐢𝐭𝐡𝐦𝐬 to identify operational issues, trigger workflows and provide maintenance recommendations.

The company serves 95+ 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐢𝐞𝐬, collectively 𝐭𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐨𝐯𝐞𝐫 150 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐥𝐢𝐭𝐫𝐞𝐬 𝐨𝐟 𝐰𝐚𝐭𝐞𝐫 𝐝𝐚𝐢𝐥𝐲.

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐠𝐫𝐞𝐰 147% 𝐭𝐨 ₹53.23 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐘2025 from ₹21.6 million in FY2024, although the company remained EBITDA-negative.

Its ability to scale deployments, build recurring software revenue and demonstrate measurable operational improvements will be key to building a sustainable business.

If you wish to read more:

https://t.co/JBeboDaz9H

[Deal Street Journal @DealStreetJ]

Beverage brand Sorry Sugar has 𝐫𝐚𝐢𝐬𝐞𝐝 $1 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in a 𝐬𝐞𝐞𝐝 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 round led by the Dhanuka Family and Amishi London.

The fresh capital will support its online and offline expansion across North India and new product launches.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2023 by Deepak Pathak, Kunal Verma, Shashank Sehrawat and Saiyam Malik, Sorry Sugar is building a zero-added-sugar consumer brand around café-style beverages. Its instant coffee premixes use monk fruit instead of conventional sugar, combining indulgence with better-for-you positioning.

The company said it generated over ₹1 crore in revenue in its first month of operations. Based on ROC filings, 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐫𝐞𝐚𝐜𝐡𝐞𝐝 ₹0.754 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐘2025, with a 𝐠𝐫𝐨𝐬𝐬 𝐦𝐚𝐫𝐠𝐢𝐧 𝐨𝐟 𝐚𝐫𝐨𝐮𝐧𝐝 70% and 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧 𝐨𝐟 11.31%.

Sorry Sugar now plans to expand beyond coffee into zero-added-sugar gelatos. Its ability to drive repeat consumption, widen distribution and maintain healthy margins as it enters new categories will be key to turning its early traction into a broader consumer franchise.

If you wish to read detailed article:

https://t.co/FLdzjY1jra

[Deal Street Journal @DealStreetJ]

Indian space-tech company (@PixxelSpace) Pixxel has 𝐫𝐚𝐢𝐬𝐞𝐝 $100 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in a 𝐒𝐞𝐫𝐢𝐞𝐬 𝐂 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐫𝐨𝐮𝐧𝐝 co-led by (@Temasek) Temasek and (@seraphim_space) Seraphim, taking its total funding to $195 million.

The round also saw participation from (@360ONEAsset) 360 ONE Asset, IMM Investment and existing investors including (@radicalvcfund) Radical Ventures and (@growXventures) GrowX Ventures.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2019 by (@awaisahmedna) Awais Ahmed and (@kshitijgokul) Kshitij Khandelwal , Pixxel develops hyperspectral imaging satellites and Earth-intelligence solutions for commercial and government applications. Its Firefly constellation generates detailed Earth-observation data, while its Aurora platform combines satellite datasets and analytics to convert imagery into actionable intelligence.

Pixxel has deployed six Firefly satellites, secured contracts with NASA and the US National Reconnaissance Office, and was selected to lead a 12-satellite Earth-observation constellation under IN-SPACe.

The company is also developing the Honeybee constellation, alongside SAR and ultra-high-resolution optical imaging capabilities.

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐫𝐨𝐬𝐞 26% 𝐭𝐨 ₹363 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐘2025, 𝐚𝐥𝐭𝐡𝐨𝐮𝐠𝐡 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧 𝐰𝐢𝐝𝐞𝐧𝐞𝐝 𝐭𝐨 -52.69%.

The new funding will support satellite manufacturing, sensing technologies, Earth intelligence and sovereign space systems as Pixxel scales beyond hyperspectral imaging.

If you wish to read more:
https://t.co/DNpYO4zbB8

#Pixxel #SpaceTech #Growthfunding #Temasek #Seraphim #360 ONE Asset #RadicalVentures #GrowXVentures

[Deal Street Journal @DealStreetJ]

Women’s wellness brand (@nuawoman) Nua has 𝐫𝐚𝐢𝐬𝐞𝐝 $50 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in a 𝐒𝐞𝐫𝐢𝐞𝐬 𝐂 round led by (@peakxvpartners) Peak XV Partners and (@Filter_Capital) Filter Capital , with participation from existing investors Mirabilis Investment Trust and @FootpathVentures.

The transaction comprises both primary and secondary components, with approximately $14 million coming in as primary capital, while the remaining amount was through secondary share sales that provided partial exits to (@KaeCapital) Kae Capital, Lightbox VC and existing angel investors.

𝐅𝐨𝐮𝐧𝐝𝐞𝐝 𝐢𝐧 2017 by Ravi Ramachandran and Abhishek Ramanathan, Nua has expanded from menstrual care into intimate hygiene, period-pain relief and maternity care, building a broader women’s wellness portfolio.

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐠𝐫𝐞𝐰 102% 𝐲𝐞𝐚𝐫-𝐨𝐧-𝐲𝐞𝐚𝐫 𝐭𝐨 ��955 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐘2025, while 𝐄𝐁𝐈𝐓𝐃𝐀 𝐦𝐚𝐫𝐠𝐢𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢��𝐚𝐧𝐭𝐥𝐲 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐝 from -31.98% to -7.61%, indicating better operating efficiency despite continued losses.

Nua said its annualised revenue run rate has increased from ₹100 crore to ₹500 crore over the past 24 months. The company plans to deploy the fresh capital towards brand building, distribution expansion, R&D and new product development.

Operating in a growing but competitive market, Nua faces both digital-first brands and established FMCG players. Its ability to sustain growth, expand across categories and improve profitability will be critical to creating long-term value.

If you wish to read more:

https://t.co/vn6VzQEUD3