Rebel Foods, formerly known as Faasos, reported a 19% revenue growth to Rs 1,420 crore in FY24 while reducing losses by over 40% to Rs 378 crore. The cloud kitchen company achieved this by expanding its core food operations and controlling expenses, improving its overall financial health.
Quick commerce company Zepto raised $340 million in a follow-on round led by General Catalyst, lifting its valuation to $5 billion. The funds will help Zepto double its dark stores to 700 by March 2025 and expand into new markets. The company has raised over $1 billion in 2024.
Beauty and personal care D2C brand Pilgrim secured Rs 75 crore ($9 million) in an extended Series B round led by Fireside and Vertex Ventures. The funds will be used for expansion and corporate purposes. Pilgrim’s valuation tripled to Rs 2,075
User data storage startup Medront raised ₹1.06 crore in its pre-seed round led by Inflection Point Ventures. Founded in 2023, Medront empowers users with control over personal data through innovative data pods. The funds will enhance product development, user acquisition, and onboarding DAAS clients, positioning the startup for future growth.
Bengaluru-based edtech startup ODA Class secured $500K in Series B funding, bringing its total funding to $12.75 million. The funds will boost digital marketing and brand visibility. Founded in 2019, ODA Class offers live online courses for students from grades 1 to 10, with a focus on accessible, high-quality education.
Bengaluru-based edtech startup ODA Class secured $500K in Series B funding, bringing its total funding to $12.75 million. The funds will boost digital marketing and brand visibility. Founded in 2019, ODA Class offers live online courses for students from grades 1 to 10, with a focus on accessible, high-quality education.
Swiggy has named Amitesh Jha as the new CEO of Instamart, its quick commerce division, with co-founder Phani Kishan transitioning to a broader role. This leadership change comes as Amazon eyes acquiring Instamart, which holds a 20-25% market share. Swiggy’s IPO filing is expected in September.
Miko, a Mumbai-based robotics firm, secured ₹20.5 crore ($2.5 million) in new funding from angel investors after a two-year gap. The investment, valuing the company at ₹1,711 crore, will support Miko’s development of AI-driven, emotionally intelligent robots. The company has raised over $60 million to date.
Airtel is shutting down its music streaming service, Wynk Music, and absorbing its employees. This decision aligns with Airtel’s new partnership with Apple to offer Apple Music to iPhone users. Despite earlier efforts to monetize Wynk
Cambridge-based PuriFire secured £2.7M in Seed funding led by HICO Investment Group, with plans to launch a pilot project by mid-2025. The startup, founded by Dr. Matthew Pearce and CEO Neel Shah, focuses on sustainable green hydrogen and methanol solutions to support a low-carbon economy.
