India's Startup Scene Booms: Investments & Launches Across Sectors
Indian businesses and startups have seen a flurry of activity, with significant investments and launches across various sectors. Here's a roundup of the latest developments.
FirstCry, a leading online retailer for kids' products, has increased its stake in D2C aggregator Globalbees to 51.12% through a ₹73 crore infusion. This strategic move comes as Globalbees continues to expand its presence in the direct-to-consumer market.
Mintifi, a fintech NBFC, has reported a profit of ₹145 crore in FY25, marking a 56% year-on-year growth. The company, backed by IFC, Premji Invest, and Elevation Capital, serves clients such as Tata Motors, NIVEA, and Berger Paints.
Blue Tokai, a specialty coffee chain, has raised $25 million in Series C funding. The investment will support the company's retail expansion, technology-led roasting, and exports.
The Ministry of New and Renewable Energy (MNRE) has launched a ₹100 crore scheme to support green hydrogen startups in India. The scheme offers up to ₹5 crore per project across production, storage, transport, and utilization. This move aims to boost innovation and adoption of green hydrogen technologies.
Eruditus, a global edtech giant, has raised $150 million in refinancing. The funds will accelerate the company's global expansion and hybrid learning models. Meanwhile, India's Fund of Funds for Startups (FFS) has committed ₹211 crore to space-tech ventures, including Dhruva Space, Pixxel, and Skyroot Aerospace.
At a recent Green Hydrogen R&D Conference, 25 startups showcased innovations in green hydrogen technologies. This event highlights the growing interest and progress in sustainable energy solutions.
PhysicsWallah has filed an updated DRHP for its ₹3,820 crore IPO, signaling renewed optimism in the education sector.
These developments underscore the vibrant startup ecosystem in India, with significant investments and launches across sectors such as e-commerce, fintech, retail, and renewable energy. As these companies grow and innovate, they contribute to India's economic progress and global competitiveness.
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