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Entrepreneur
16 hours ago
- Business
- Entrepreneur
From Fashion to Fintech: Top Startup Fundings This Week (May 24–30)
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's startup ecosystem witnessed a flurry of activity this week with significant investments pouring into diverse sectors ranging from retail fashion and fintech to logistics, agri-finance, and hyperlocal services. The startups featured this week not only captured investor interest but also reflect the country's evolving digital and consumer landscapes. Here's a roundup of the most notable funding deals from May 24 to May 30. Citykart Founded in December 2015 by Sudhanshu Agarwal, Citykart is based out of Gurugram. The startup focuses on serving the fashion needs of tier-II and tier-III cities by offering affordable and trend-forward clothing for men, women, and children. Apart from apparel, they also provide footwear, accessories, home furnishings, and general merchandise. Citykart has carved a niche for itself in the value retail fashion space by delivering an inspirational shopping experience at accessible price points. Funding Amount: USD 63 Million Investors: TPG NewQuest, A91 Partners Saarathi Finance Saarathi Finance, headquartered in Mumbai, was founded in 2024 by Vivek Bansal and Sunil Daga. The startup provides secured and unsecured business loans tailored for micro and nano businesses, particularly in semi-urban and rural areas. With operations spanning across Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Rajasthan, and Uttar Pradesh, Saarathi uses flexible income assessments and quick turnaround times to bridge credit gaps in underserved markets. Funding Amount: USD 57 Million Investors: TVS Capital Funds, Lok Capital, Evolvence Equity Partners, Paragon Partners, and prominent angel investors Snabbit Founded in 2024 by Aayush Agarwal, Snabbit is a Mumbai-based quick-service home assistance app. It provides on-demand services such as dishwashing, cleaning, laundry, and kitchen prep. Users can book trained professionals who arrive within 10–15 minutes. The app aims to redefine convenience in urban households by delivering skilled, hourly services with high responsiveness. Funding Amount: USD 19 Million Investors: Lightspeed, Elevation Capital, Nexus Venture Partners Fleetx Fleetx, a Gurugram-based logistics tech platform, was established in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra. It uses AI to optimise fleet and logistics operations. The platform offers a suite of solutions including fleet management, fuel analytics, video telematics, and transportation management systems, enabling logistics companies to enhance efficiency and reduce operational costs. Funding Amount: USD 13.2 Million Investors: IndiaMART Intermesh, BEENEXT's Accelerate Fund Samunnati Founded in 2014 by Anil Kumar SG, Samunnati is headquartered in Chennai. It offers customised financial and market linkage solutions to stakeholders in the agricultural value chain. From farmer producer organisations to agri-SMEs, the company bridges critical gaps in rural credit access and farm productivity. Samunnati's offerings include agri-loans, advisory support, and market connectivity, empowering India's agri ecosystem. Funding Amount: USD 5 Million Investors: Agri-Biz Capital Delaware LLC EUME EUME, established in 2018 by Naina Parekh and Pranay Parekh, operates out of Mumbai. Specialising in stylish and functional travel gear, EUME offers a wide product line including backpacks, luggage, and vegan handbags. The brand has gained popularity for its modern designs and sustainability focus, catering to a growing demand for travel-friendly, eco-conscious accessories. Funding Amount: USD 3 Million Investors: Ashish Kacholia, Pradeep Rathod of Cello Group, Prithviraj Kothari of Arvog Financial This week's funding spree underscores investor confidence in startups solving real-world problems with scalable models across India's vast consumer, business, and rural landscapes.
Entrepreneur
a day ago
- Automotive
- Entrepreneur
DiFACTO Acquires RoboFinish IPR from Grind Master to Strengthen Robotics Portfolio
Founded in 2007, DiFACTO is a leading automation solutions provider across industries, with manufacturing in Bengaluru and Pune, a Gurugram sales office, and a US subsidiary in Michigan. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. DiFACTO Robotics and Automation Pvt Ltd, a leading player in industrial automation and robotics, today announced the acquisition of the Intellectual Property Rights (IPR) portfolio for the RoboFinish operations of Grind Master, marking a significant step in DiFACTO's strategic growth. "We are constantly seeking cutting-edge and globally competitive technologies," said Ajay Gopalaswamy, Founder and CEO of DiFACTO. "The RoboFinish portfolio presents significant synergies with our existing offerings, strengthening our position in the market. DiFACTO will continue to support RoboFinish's existing users through its customer-focused engineering team." Grind Master, headquartered in Aurangabad and founded by Milind and Mohini Kelkar, has over four decades of innovation in metal finishing. Its RoboFinish line—developed over the last 14 years by CEO Sameer Kelkar—offers robotic solutions for grinding, finishing, deburring, and machining. "We pioneered breakthrough developments in robotic grinding and finishing operations, leveraging our profound domain knowledge," said Sameer Kelkar. "Having delivered over 150 RoboFinish solutions globally, we are confident that DiFACTO will further develop these technologies and reach a broader customer base." Founded in 2007 by Ajay Gopalaswamy, Yogesh Kumar, and Anil Satapathy, DiFACTO has emerged as a key automation partner across industries such as automotive, machine tools, and consumer goods. The company operates manufacturing units in Bengaluru and Pune, with a sales office in Gurugram and a US subsidiary in Michigan. Srinivas Baratam, Managing Director of StakeBoat Capital, noted, "Acquisition of RoboFinish technologies bolsters our solution offerings and expands our global footprint. DiFACTO is poised to become a global leader in robotic automation." Singhi Advisors acted as the financial advisor to the transaction.
Associated Press
4 days ago
- Business
- Associated Press
AG Organica Pioneers Innovation in Natural Skincare Through Advanced R&D and Custom Formulation Excellence
AG Organica Pioneers Innovation in Natural Skincare Through Advanced R&D and Custom Formulation Excellence GURUGRAM, HARYANA, INDIA, May 27, 2025 / / -- In a significant stride for the personal care industry, AG Organica Private Limited is leading innovation in natural skincare manufacturing by integrating advanced research and development practices with a deep understanding of evolving dermatological needs. This move highlights a broader shift in the industry toward science-backed, clean-label skincare solutions that prioritize both efficacy and sustainability. Through its dedicated R&D division, AG Organica is developing high-performance skincare formulations that align with modern consumer expectations for transparency, ingredient integrity, and proven results. The company collaborates closely with dermatologists, D2C beauty brands, spas, and wellness-focused enterprises to develop customized products using cutting-edge active ingredients—such as Niacinamide, Retinol, Hyaluronic Acid, and Vitamin C—infused with botanical oils, herbs, and natural extracts. 'Modern skincare is at the intersection of science and sustainability,' said Achin Gupta, Director of AG Organica. 'Our in-house chemists and formulation experts are continuously exploring new ways to create natural, effective skincare that reflects global trends while maintaining product safety and integrity.' AG Organica's work in formulation innovation is supported by rigorous quality standards, including FDA compliance, batch stability testing, and third-party validation. The company's infrastructure supports both small-batch prototyping and large-scale production, enabling inclusive access to next-generation skincare manufacturing for brands of all sizes. As concerns over synthetic additives, greenwashing, and environmental impact grow, AG Organica's evidence-based approach to plant-powered skincare innovation signals a promising shift in how the industry can serve both consumers and the planet. About AG Organica Private Limited AG Organica is a pioneering Indian manufacturer specializing in essential oils, botanical cosmetics, and clean-label personal care. The company partners with global brands, healthcare professionals, and wellness experts to develop next-generation formulations rooted in natural science and ethical sourcing. ARPIT GUPTA A.G Organica Private Limited +91 99118 39839 email us here Visit us on social media: LinkedIn Bluesky Instagram Facebook YouTube X Other Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Entrepreneur
5 days ago
- Business
- Entrepreneur
Fleetx Secures INR 113 Cr Funding Led by IndiaMART, BEENEXT
The fresh capital will be deployed to expand Fleetx's product capabilities and strengthen its go-to-market engine across India's mid-market and enterprise segments. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fleetx, the Gurugram-based logistics SaaS startup, has raised INR 113 crore (USD 13.2 million) in a Series C round led by existing investors IndiaMART Intermesh and BEENEXT's Accelerate Fund. This round, comprising both primary and secondary transactions, marks a significant milestone as Fleetx crosses INR 100 crore in annual recurring revenue (ARR) and positions itself for near-term profitability. The fresh capital will be deployed to expand Fleetx's product capabilities and strengthen its go-to-market engine across India's mid-market and enterprise segments. Vineet Sharma, Co-founder and CEO of Fleetx, said, "This round gives us more than enough runway to become fully profitable within the next year and prepare for IPO readiness. We sit on vast logistics data and are in a unique position to leverage AI to solve complex industry challenges." Fleetx was founded in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra. The company operates at the intersection of AI and IoT, providing cutting-edge solutions in fleet management, fuel analytics, video telematics, transport ERP, and transportation management systems (TMS). Their unified platform empowers over 2,000 clients—including 100+ large enterprises such as Ultratech Cement, Adani Group, Hindalco, and Maersk—to digitize and optimize physical operations, reduce costs, and improve safety. Since its last funding round in early 2022, Fleetx has grown 4x in scale and has now surpassed INR 100 crore in ARR. This capital-efficient growth, combined with strong product–market fit, has earned continued confidence from investors. Dinesh Agarwal, Founder and CEO of IndiaMART Intermesh, noted, "Fleetx has consistently demonstrated strong product–market fit and disciplined execution in solving large-scale logistics challenges. Their AI and IoT-powered platform is becoming the operating system for physical movement of goods and therefore aligns perfectly with IndiaMART's vision of empowering businesses." Hero Choudhary, Managing Partner at BEENEXT, added, "Fleetx's capital-efficient growth and deep understanding of logistics tech sets them apart. We've seen them mature into a well-rounded, metrics-driven business and are confident in their ability to build a durable SaaS company from India with global potential." With plans to double ARR and achieve profitability within a year, Fleetx is building a robust foundation for a potential IPO in the next two years. Positioned as one of India's growing logistics tech startups, Fleetx is poised to lead the digital transformation of the transportation and supply chain industry.
The Print
5 days ago
- Health
- The Print
IIT-Bombay researchers find PCOS slows down speed of response by 56%, accuracy by 10%
The findings, 'The impact of polycystic ovary syndrome on attention: an empirical investigation', were published in February in the journal BioPsychosocial Medicine, IIT Bombay said in a statement Monday. The researchers, associated with the Indian Institute of Technology (IIT) Bombay, found that the condition decreased the speed of response in affected women by about 56 percent and accuracy by about 10 percent. New Delhi: In a crucial analysis that positions polycystic ovarian syndrome or PCOS as a cognitive disorder, apart from a physical one, researchers have found that it has a dramatic impact on women's focussed as well as divided attention. PCOS is a hormonal disorder that affects women of reproductive age and is associated with a range of symptoms when the ovaries produce an excess of androgens, or male sex hormones, typically found in smaller amounts in women. The prevalence of PCOS, which is mainly marked by symptoms such as disrupted menstrual cycle, excess body hair and sterility, is estimated to be over 11 percent in Indian women. As part of the study, IIT Bombay recruited two groups of participants, 101 women with PCOS and 72 healthy women, who were asked to carry out the attention tasks and their hormonal levels were assessed before the study. The task-based tests showed that women with PCOS are slower to react and more easily distracted than their healthy counterparts. Women with PCOS showed over a 50 percent slower response and made about 10 percent more errors than the healthy ones in the focused attention test. Similarly, they performed about 20 percent slowly, with 3 percent extra errors in the divided attention task. Attention, according to researchers, is the precursor for all vital cognitive processing—receiving, understanding, and making sense of the information. It is also a complex process that involves focusing on relevant information and filtering out irrelevant stimuli (focused attention). Divided attention, on the other hand, helps us handle and respond to multiple tasks simultaneously Among the two types of attention, PCOS women performed poorer in focused attention. 'Despite the variability in PCOS symptoms and their severity, the impairments in the core cognitive abilities of attention and processing speed seem to be prevalent across women,' said Azizuddin Khan, professor of psychophysiology who led the research. While earlier research underlines that Indian women with PCOS show an increased level of anxiety and depression, its effect on attention and cognitive ability has been less explored. Also Read: Much before US baby, Gurugram girl could've been 1st to get personalised gene editing. But time ran out Effect on neurons The researchers have underlined that along with elevated androgen levels, the participants with PCOS had insulin resistance that is linked to attention. Insulin resistance causes poor glucose metabolism and affects brain cell (neuron) activity, leading to poor performance in focused attention tasks. Mental fatigue linked to PCOS, such as anxiety and frustration, on the other hand, makes divided attention more challenging. The study highlights that decreased accuracy in divided attention tasks may influence working memory, which hinders holding the information temporarily. This makes daily activities such as keeping track of directions while driving or remembering a phone number to dial more challenging, they noted. The findings emphasise the need to understand PCOS as a complex medical condition that not only affects physical but also cognitive health, said Khan. A comprehensive intervention that addresses diverse aspects, including supportive care, will help the well-being of women with PCOS, he added. (Edited by Tony Rai) Also Read: Gut health probiotics now among top selling drugs in India, but doctors advise caution against hype
