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A smiling Mohak Nahta, founder and CEO of Atlys, is pictured wearing an Atlys-branded t-shirt. The background features a globe illustration, flight stamps, and a dotted airplane path, emphasizing global travel. The Atlys logo, accompanied by a location pin and airplane icon, is prominently displayed in the center, representing the company's focus on visa services.

Atlys raises $20M in Series B led by Peak XV and Elevation Capital

Visa processing platform Atlys has raised $20 million in its Series B round, co-led by Peak XV Partners and Elevation Capital, with participation from DST Global and Headline. The funding will drive Atlys' global expansion, product development, and entry into new markets. The three-year-old startup streamlines visa processes, reducing rejection rates and processing times to just 55 seconds. Atlys handles over 30,000 visa applications monthly, with India contributing 60%. Founder Mohak Nahta highlighted the company's 20x growth and the critical need for seamless visa processing amid India’s rising outbound tourism.

By
Anurag Trivedi
Antler India banner featuring a person presenting a strategy on a whiteboard. The Antler logo is prominently displayed on the left, with the tagline 'We invest in India's most extraordinary individuals from day zero to greatness' written below it. The background includes subtle geometric patterns.

Antler India Doubles Down on Investments with ₹600 Crore Fund, Backs 100+ Startups

Antler India plans to double its investments in 2024, utilizing a ₹600 crore ($75 million) India-focused fund that was closed earlier this year. The firm has already invested in 63 startups and aims to support 100-120 more by the end of the year. Antler India primarily focuses on pre-seed ventures and operates independently from its Singapore-based global entity. Recently, the firm led an $11 million pre-Series A funding round in Bengaluru's ride-hailing startup, Namma Yatri. This investment aligns with Antler India's strategy to back startups building digital public infrastructure. In addition to digital infrastructure, Antler India is sector-agnostic, with a specific interest in SaaS, fintech, generative AI, and large networks like ONDC. The firm also benefits from its extensive global network, providing founders access to resources across 30 locations worldwide.

By
Anurag Trivedi
Banner image for India Accelerator featuring their logo and three laboratory test tubes with various levels of orange and blue liquid, symbolizing innovation and experimentation in startups.

India Accelerator Launches Cleantech Vertical to Support Startups

India Accelerator has launched a new vertical to back cleantech businesses. This initiative supports startups focused on sustainability, waste reduction, energy efficiency, and climate change. Each startup will receive INR 1.5 Cr from the Finvolve Accelerator Fund and INR 4.1 Cr from the Finvolve Seed Fund. Finvolve, a joint venture of India Accelerator and Finolutions, aims to help wealth managers explore startup investments. The vertical will provide growth frameworks for clean energy, e-waste recycling, lithium-ion battery manufacturing, and biotechnology startups. India Accelerator's founder Ashish Bhatia emphasized redefining resource use and building a regenerative future. Managing Partner Deepak Nagpal highlighted the circular economy's potential, promoting responsible consumption and production.

By
Anurag Trivedi
Finance Minister Nirmala Sitharaman, holding a red budget briefcase, stands in front of a government building. An illustrated overlay shows a tax document with wings and a halo, symbolizing the abolition of the angel tax. In the background, security personnel are visible.

India Abolishes Angel Tax, Boosting Startup Ecosystem and Innovation

India’s federal government has abolished the controversial “angel tax” for all classes of investors, marking a significant victory for the country's startup ecosystem. Introduced in 2012 to control money laundering, the tax had long burdened early-stage companies and their backers. Finance Minister Nirmala Sitharaman announced the removal during her budget speech, aiming to bolster the entrepreneurial spirit and support innovation. The abolition of the angel tax has been widely welcomed by the startup community, including entrepreneurs, investors, and venture capitalists. Siddharth Pai of 3one4 Capital called it a "watershed moment," while Amit Mehra of Lightspeed highlighted the reduction in tax-related uncertainty for startups. This move is expected to foster a more supportive investment environment, fueling innovation and growth.

By
Anurag Trivedi
A banner image featuring the logo of Yali Capital with the tagline "Deep Tech Fund." The logo, a stylized lion, appears on the left side of the image. To the right, there are abstract geometric shapes and lines representing technology and circuits. On the far right, a grayscale portrait of a man with glasses and a mustache is seen, resting his chin on his clasped hands, smiling thoughtfully. The background has a crumpled paper texture, giving the image a dynamic and textured look.

Yali Capital Launches ₹810 Crore Fund to Boost India's Deep Tech Startups

Yali Capital has launched an ₹810 crore venture fund, including a ₹310 crore greenshoe option, to support early-stage deep tech startups in India. Co-founded by Ganapathy Subramaniam, former CEO of Cosmic Circuits, and Mathew Cyriac, Executive Chairman of Florintree, the fund aims to invest in areas such as chip design, robotics, genomics, smart manufacturing, aerospace, and AI. Yali Capital's advisory team includes Lip-Bu Tan, former CEO of Cadence, known for taking over 130 deep tech companies to IPO globally. Tan expressed his eagerness to help create globally recognized deep tech companies from India. The fund has approved investments in four startups, finalizing by Q3 2024.

By
Anurag Trivedi
The image features a horizontal banner divided into two distinct sections. On the left, there's a stylized depiction of the Earth with trees and bushes under a bright sun, symbolizing environmental sustainability and the planet. The right section displays a logo labeled "INDUS DC" accompanied by an atom-like design and a graphic of stacked money bills with a hand placing or holding a bill, illustrating the concept of investment or financial support in the context of environmental and technological ventures.

IndusDC Pledges ₹100Cr to Launch Tech Startups for Climate Goals

IndusDC, committed to reducing 1 giga tonne of CO2 emissions by 2035, has earmarked Rs 100 crore for supporting tech startups in the industrial and energy sectors for FY25 and FY26. Aiming to launch five startups within two years and over 50 globally in a decade, each will receive up to Rs 20 crore from a mix of grants, equity, and debt. Founded by Kushant Uppal, Satyanarayanan Seshadri, and Kaustubh Hanmantgad, IndusDC has secured an investment from Mirik Gogri of Spectrum Impact. They're collaborating with IIT Madras on three hard-tech startups and planning to partner with other research institutes to harness intellectual properties for scalable ventures.

By
Anurag Trivedi
The team of 100X.VC, consisting of five men standing in front of a wall with the 100X.VC logo prominently displayed. The men are dressed in professional attire and are posing for the photo, showcasing a sense of unity and collaboration.

100X.VC Eyes Japanese and Hong Kong Corporate Investments in Indian Startups

Investment firm 100X.VC is negotiating with four large corporates from Japan and Hong Kong to invest in early-stage Indian startups, as part of its corporate venture capital (CVC) initiative launched in August 2021. This initiative partners with Indian and international corporates to assist in making informed early-stage investment decisions. Notable partners include Panasonic and Pidilite Ventures, with Pidilite investing around $9 million in six startups through this collaboration. 100X.VC has invested in over 150 early-stage startups, including Data Sutram, Dezy, and Beyond Snacks. The firm’s CVC vertical operates independently from its venture capital operations, focusing on helping corporates strike profitable deals and identify acquisition targets. Founder and CFO Yagnesh Sanghrajka anticipates growing interest from CVCs in India's thriving startup ecosystem.

By
Anurag Trivedi
Illustration of a chef organizing food supplies on shelves, with a refrigerated truck unloading fresh produce and packaged goods. The scene highlights efficient inventory management and supply chain logistics, featuring blue and white tones with a clean, modern design.

Centriti Raises Rs 6 Crore to Revolutionize HoReCa Procurement

Centriti, a B2B e-procurement platform, has secured Rs 6 crore in funding led by Emergent India Ventures, with participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group. The funds will enhance tech capabilities, reduce service time, and expand into new geographies. Founded in 2022 by Daljeet Singh, Centriti uses mid-mile logistics, warehousing, and AI-driven inventory management to optimize costs and efficiency for hotels and restaurants. The Delhi-based startup collaborates with major brands like Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point. Currently operating in Delhi, Bengaluru, and Jaipur, Centriti plans to expand to Goa, Hyderabad, Kochi, and Chennai within two years. With a current monthly run rate of Rs 2 crore, the company aims to reach Rs 6 crore by December 2024, scaling up 10x in two years.

By
Anurag Trivedi
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