Nazara Technologies has acquired a 15.86% stake in Stan, a blockchain-based e-sports fan engagement startup, for $2.2 million. This move strengthens Nazara’s gaming and e-sports presence. Stan, founded in 2022, offers a web3 platform for creators to build communities, with over 12 million users and $1.8 million turnover.
FMCG startup Mitra raised Rs 11 crore in a pre-Series A round led by Bestvantage Investments and a Dubai-based family office. Founded in 2022, Mitra will use the funds to enhance its supply chain, explore exports, and expand operations in Mathura and Gurugram.
AI startup Zivy raised $1.2 million in pre-seed funding led by Blume Ventures and others. Founded in 2023, Zivy helps managers prioritize workplace messages and tasks by integrating with Slack to streamline notifications. The funds will be used for product development and expanding its R&D team.
Exposome, a clean-tech startup, raised Rs 10 crore in a pre-Series A round led by Colossa Ventures. The funds will scale operations and expand its environmental solutions. Founded in 2020, Exposome offers innovative air and wastewater filtration technologies, serving over 25 clients across various industries.
Supersquad, a creator monetization startup, raised Rs 2.1 crore in a funding round led by WLDD, with contributions from angel investors. Founded in 2024, the platform allows creators to host and monetize community-driven travel experiences. The funds will enhance its technology and expand the team.
Ather Energy is set to launch its first electric motorcycle, challenging rival Ola Electric. The new models will be manufactured at Ather’s upcoming Factory 3.0 in Maharashtra. The company aims to raise Rs 3,100 crore via IPO and recently joined the unicorn club with $71 million in funding.
Energy storage startup Clean Electric secured $6 million in funding co-led by Info Edge Ventures, Pi Ventures, and Kalaari Capital. The funds will enhance R&D, sales, and product development. Clean Electric, which develops advanced battery solutions for electric vehicles, aims to reach $10 million annual run rate by September 2025.
Cleartrip’s Chief Business Officer, Prahlad Krishnamurthi, has resigned to become CEO of Bizongo’s NextBuy. Krishnamurthi joined Cleartrip in 2021 after key roles at ITC Limited. His departure follows Cleartrip CEO Ayyappan Rajagopal’s exit earlier this year, while Cleartrip continues to face significant financial losses.
Intra-city logistics firm Porter achieved a 56% revenue increase, crossing Rs 2,700 crore in FY24. The company reduced losses by 45%, bringing them under Rs 100 crore. Most of Porter’s revenue came from goods transportation services, while fleet operator costs formed the bulk of its expenses.
VentureSoul Partners raised Rs 146.5 crore in the first close of its Rs 600 crore fund. The debt firm plans to invest in 20-25 startups, with ticket sizes between Rs 25-60 crore, focusing on Series A or later-stage fintech, B2C, B2B, and SaaS companies.
