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The image features a tranquil outdoor yoga scene set against a backdrop of a gentle sunrise and green landscape. On the left, a person is performing a yoga pose on a purple mat. In the center, a woman is seated cross-legged in meditation on a brown yoga mat. Several rolled yoga mats are displayed to the right, including one with the "YogiFi" branding. The "YogiFi" logo appears prominently in the foreground, symbolizing the brand's connection to nature and wellness. This serene setting evokes a peaceful and engaging environment for yoga enthusiasts.

YogiFi Launches: The Revolutionary AI-Powered Yoga Mat

YogiFi, a pioneering AI-powered yoga mat developed by Wellnesys Technologies at IIT Mandi's Technology Innovation Hub, is set to revolutionize home yoga practice. This "Make in India" product uses advanced sensors and AI to support asanas and analyze postures in real time, functioning as a virtual yoga instructor with personalized feedback to enhance user experience. Ideal for beginners, YogiFi provides interactive classes and posture guidance, adapting to individual progress for tailored coaching. The mat also integrates with smart home devices to optimize the yoga environment by adjusting music and lighting. Representing a blend of tradition and innovation, YogiFi underscores India’s commitment to technology and self-reliance, transforming the ancient art of yoga.

By
Anurag Trivedi
Zepto team members wearing branded purple shirts with the company logo pose together, showcasing a unified and vibrant team spirit. Adjacent to this, the Zepto logo is displayed on a smartphone screen against a backdrop of various grocery items, highlighting the company's focus on quick grocery delivery

Zepto Secures $665 Million in Funding, Boosting India's Quick Commerce Market

India's quick commerce market is experiencing unprecedented growth, with Zepto at the forefront. The rapid delivery startup has raised $665 million, boosting its valuation to $3.6 billion. This significant funding round underscores the sector's potential and investor confidence, with approximately 40% of the latest investment coming from new investors like DST Global and Avenir Growth Capital. Founded just three years ago, Zepto has become a major competitor to established players like Zomato’s Blinkit, Swiggy Instamart, and Tata Digital’s BigBasket. Zepto’s latest funding round was co-led by existing backers such as Glade Brook Capital and Nexus Venture Partners. With these funds, Zepto plans to expand its dark store network from 350 to over 700 by March 2025, and increase its team size to over 2,000 employees. This expansion will enhance Zepto's presence in both metro and non-metro areas, positioning it well in the competitive quick commerce landscape.

By
Akansha Panwar
The banner features a light beige background with vibrant blue and yellow wavy lines on the right side. It prominently displays the text "THIS WEEK in STARTUPS" in large blue letters, accompanied by a small yellow burst design near "WEEK." Below this, a hashtag "#thisweekinstartups" is included. The date range "15 June – 21 June 2024" appears in smaller grey text at the bottom right, alongside the Entrepreneurship Studio logo, which consists of the studio's name and four colored dots (blue, yellow, green, and yellow).

This Week In Startups: June 15-21

This Week in Startups 🌟 | Stay ahead with Entrepreneurship Studio as we bring you the latest and most exciting updates from the startup world. From groundbreaking funding rounds to innovative breakthroughs, we've got your weekly dose of entrepreneurial spirit right here.

By
Akansha Panwar
Investor Rannvijay Singha holding a bottle of Rockit, a berry burst energy drink, smiling and pointing at the bottle. The image features the Rockit logo prominently displayed on the left side, with additional bottles of Rockit on the right side of the image. The background is light with subtle golden wave patterns and star-like designs.

Rockit Raises Rs 6 Crore Led by Sauce.VC and Rannvijay Singha

Rockit, founded by Vedant Garg, raised Rs 6 crore in pre-seed funding from Sauce.VC and Rannvijay Singha. Sauce.VC, an early-stage investor, is helping Rockit identify market gaps and build a unique brand. Rockit aims for an omnichannel presence, starting in North India and expanding pan-India. Vedant Garg plans to cater to evolving Indian consumer preferences, especially in Tier II and III cities. Rockit's distribution legacy supports its growth. Rannvijay Singha and Yash Dholakia from Sauce.VC are excited about Rockit's potential, praising its early success and high-quality, affordable products.

By
Anurag Trivedi
The banner features a light beige background with vibrant blue and yellow wavy lines on the right side. It prominently displays the text "THIS WEEK in STARTUPS" in large blue letters, accompanied by a small yellow burst design near "WEEK." Below this, a hashtag "#thisweekinstartups" is included. The date range "08 June – 14 June 2024" appears in smaller grey text at the bottom right, alongside the Entrepreneurship Studio logo, which consists of the studio's name and four colored dots (blue, yellow, green, and yellow).

This Week In Startups: June 8-14

This Week in Startups 🌟 | Stay ahead with Entrepreneurship Studio as we bring you the latest and most exciting updates from the startup world. From groundbreaking funding rounds to innovative breakthroughs, we've got your weekly dose of entrepreneurial spirit right here.

By
Anurag Trivedi
Landeed logo featuring a stylized purple elephant next to two smartphone screens displaying the Landeed app interface, and an illustration of a filing cabinet.

Proptech Startup Landeed Secures Funding from Paradigm Shift VC

Proptech startup Landeed has announced securing strategic financing led by Paradigm Shift VC, though the amount remains undisclosed. The funds will be used to extend Landeed's product line and expand its workforce to support growth both in India and internationally. Previously, in January 2023, Landeed raised $8.3 million from Y Combinator, Draper Associates, and Bayhouse Capital.

By
Anurag Trivedi
This image features a wide banner designed for a business or venture capital theme. On the left, there is a logo labeled "VentureSoul PARTNERS" within a rectangular box. The middle section displays a graphic of a hand holding a money bag, symbolizing financial investment or support. The background transitions from a golden sunset color on the left to a deep blue on the right, where an outline of a city skyline is illustrated, representing an urban business landscape. The design elements combine to convey themes of investment, partnership, and urban business development.

VentureSoul Launches INR 600 Cr Debt Fund Targeting Tech Startups in India

VentureSoul Partners has unveiled its first debt fund, VentureSoul Capital Fund I, setting a target corpus of INR 600 crores. Registered under SEBI as a Category II AIF, the fund has attracted investments from family offices, corporates, and high-net-worth individuals, with Micro Labs Ltd. serving as the anchor investor. Other notable investors include figures from KreditBee, Glen Appliances, and Baazar Kolkata. The fund aims to support tech startups across various sectors such as fintech, B2C, B2B, and SaaS, targeting companies at the Series A stage or beyond with a solid revenue model and at least $10 million in prior equity funding. VentureSoul, founded by three former bankers, is committed to introducing innovative debt solutions for startups, addressing a gap in structured financing within India's tech ecosystem. The fund plans to complete its first close by the end of June, focusing on startups that demonstrate substantial growth potential and revenue generation.

By
Anurag Trivedi
The image features Ritesh Agarwal, the founder of OYO, standing on a stage and speaking passionately with his right hand raised and holding a marker. The backdrop includes a large, stylized OYO logo in red with a flowing yellow and orange design, set against a light green background. Ritesh is dressed in a dark suit with a light blue shirt, looking engaged and dynamic as he addresses his audience.

India's Oyo, valued at $10B, Finalizes New Funding at $2.5B valuation

Oyo, the Indian hotel chain startup, is nearing a deal to raise between $100 million and $125 million, slashing its valuation to $2.5 billion from a previous $10 billion in 2019, according to TechCrunch. The company has faced challenges raising from institutional investors and has recently targeted high-net-worth individuals, emphasizing its profitability and significant valuation discount. Amidst these fundraising efforts, Oyo has retracted its plans for an IPO, previously aiming for a $1.2 billion raise at a $12 billion valuation in 2021. The company, with backers including SoftBank and Airbnb, has withdrawn its IPO application twice in four years, indicating a strategic pivot away from rapid global expansion to stabilizing its core operations.

By
Anurag Trivedi
The image features a large, modern CNC machine prominently displayed on a black background with a dotted pattern. To the right, the logo of Ethereal Machines is visible, signifying the brand. The overall design has a sleek, technical aesthetic, highlighted by a minimalistic color palette of black and subtle grays, which sets a professional and cutting-edge tone. The image is wide, likely designed to serve as a banner or header for digital content.

Ethereal Machines Secures $13M for R&D and New Bengaluru Facility

Ethereal Machines, a leading deeptech startup, has raised $13 million in a Series A funding led by Peak XV Partners and Steadview Capital, with contributions from Blume Ventures, Enam Investments, and Sandeep Singhal. The investment will fuel research and development and the creation of India's first multi-axis CNC controller. The firm also plans to initiate construction of its second 'Smart Factory' in Bengaluru, adjacent to the upcoming Foxconn facility.

By
Anurag Trivedi
This image is a promotional banner for Finsall, showcasing their mobile app interface on a smartphone. The left side of the banner displays the app screen with an "EMI Calculator" for quick premium calculation, highlighting fields for policy type, tenure, insurance amount, and upfront amount. A cartoon character is interacting with the app on the phone, adding a human touch to the technology-focused visual. The right side features the Finsall logo along with the tagline "Financing insurance for all," set against a dark blue and purple abstract background. The overall design emphasizes simplicity and user-friendliness, appealing to a broad audience needing insurance financing solutions.

Finsall Secures INR 15 Crore to Revolutionize Insurance Financing with New NBFC Launch

Finsall, a BNPL startup specializing in insurance, has raised INR 15 crore in a bridge funding round led by Unicorn India Ventures and Seafund, supported by other institutional investors. The funding will enable the establishment of a Non-Banking Financial Company (NBFC) to expand lending operations and enhance customer value in insurance premium financing. The company also plans technological enhancements to improve interfaces for insurance companies and lending partners. These funds will also assist Finsall in forming strategic partnerships with insurers, intermediaries, and lenders, expanding its service offerings and distribution channels. CEO Tim Mathews highlighted the importance of this investment in scaling operations and pioneering in the insurance premium financing sector, aiming for substantial market growth.

By
Anurag Trivedi
This image is a promotional banner for Olive, featuring a stylized graphic design. The banner includes an illustration of a bellhop pushing a luggage cart loaded with two oversized bags of money, emphasizing the company's revenue growth. The background is divided into bold sections of yellow and magenta, creating a vibrant contrast. On the right side of the image, there's the Olive logo, which includes a stylized sun motif in purple, adding to the brand's identity. The overall design is playful and colorful, highlighting Olive's prosperity in the hospitality industry.

Olive Hospitality's Revenue Jumps 76% to ₹51 Cr in FY24

Olive, a startup in the hospitality sector supported by Embassy Group, reported a substantial revenue increase of 76% this fiscal year, achieving ₹51 crore. Established in 2019, Olive manages a variety of properties including co-living spaces and hotels located in major cities like Bengaluru, Mumbai, and Goa. The company's revenue boost is primarily due to an expanded portfolio and enhanced room pricing strategies. Olive caters to a diverse clientele, ranging from students to luxury travelers, and plans to continue its growth trajectory with potential fundraising initiatives to support further expansion.

By
Anurag Trivedi
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