Browsing: Startup Funding

House of Zelena, a Bengaluru startup specializing in maternity wear, has secured Rs 7 crore in seed funding. Sprout Venture Partners and M Venture Partners co-led the investment round. GSF and angel investors also participated. The company plans to use the funds to enhance its supply chain. They will also invest in product development and community building.

The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.

Offgrid Energy Labs, a battery tech startup, has raised $15 million in Series A funding led by Archean Chemicals. This investment will help advance their innovative ZincGel batteries, paving the way for large-scale energy storage solutions.

The inside story of how India’s VCs left SaaS behind to bet on AI, only at India’s biggest soonicorns summit. The fourth edition of the Summit on August 22 had AI as the focal theme.

The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal deficit. This follows other buyback actions by the RBI. These actions are part of a larger strategy.