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A scientist wearing a mask and protective gear holds a microchip, with the iVP Semi logo displayed prominently on the right side. The background features a circuit board design, highlighting the focus on semiconductor technology.

iVP Semi Secures $5M to Boost India's Fabless Semiconductor Market

Raja Manickam, CEO of Tessolve, has launched iVP Semi, a fabless semiconductor startup, securing $5 million in Pre-Series A funding from undisclosed investors. The funds will be used to establish testing facilities and expand operations in India, with plans for chip design centers in Chennai and Bengaluru. iVP Semi aims to localize semiconductor chip production, enhancing technological autonomy for Indian companies. iVP Semi is collaborating with the Tamil Nadu government to set up a 20,000 sq. ft. “production test” facility in Chennai by October 2024 and plans a second unit in South India. The launch aligns with rising semiconductor demand, supported by government incentives, and aims to bolster India's position in the global semiconductor market.

By
Anurag Trivedi
The image shows the founders and key members of the Thane-based healthtech startup Watch Your Health. They are standing in a professional setting, dressed in business attire. The company logo, featuring an apple and a running person, is displayed prominently above them. To the left, there is an illustration of a first aid kit emerging from a smartphone with the text "Care is on the way," symbolizing the company's mission to provide accessible and personalized health management solutions through technology.

Thane's Watch Your Health Secures $5M Series A Funding

Thane-based healthtech startup Watch Your Health has raised $5 million in a Series A funding round led by Cornerstone Ventures and Conquest Global. Founded in 2015 by Ratheesh Nair, Abhitosh Pandey, Jay Patel, and Prachi Shinde, the startup helps insurers and pharmaceutical companies enhance customer engagement using advanced analytics for personalized health recommendations. The funds will be used to scale operations, expand the user base, and enhance technological infrastructure. Watch Your Health aims to introduce electronic behavior records, mental health support, predictive analytics for disease prevention, and chronic disease management. The startup has established partnerships with healthcare providers like Watania Takaful and Shalina Healthcare, competing with HealthifyMe, GOQii, and others.

By
Anurag Trivedi
The image features a promotional banner for Wify, a home furnishing installation startup. The background is a vibrant lime green, and prominently displayed in the center is the company's logo "Wify" in white with a decorative flourish under the "f." On the right side of the image, there are two individuals, presumably co-founders, wearing black polo shirts with the Wify logo. They are smiling and appear confident. Additionally, there are illustrations of two potted plants in the bottom left corner, adding a touch of nature to the design. The overall composition highlights the brand's friendly and professional image.

Wify Secures $5M in Pre-Series A for Home Furnishing Expansion

Home furnishing startup Wify recently closed its Pre-Series A funding round, garnering INR 40 Cr (approximately $5 million). The funding, conducted in two tranches, saw initial investors like Blume Founders Fund and Singularity Ventures, and later additions from Mount Judi Ventures and Capria Ventures. This financial boost will enable Wify to expand its product offerings, introduce new services, and strengthen its technology framework.

By
Anurag Trivedi
Three founders of Fabriclore, Vijay Sharma, Sandeep Sharma, and Anupam Arya, standing in front of the company's logo. The background features a colorful and abstract design, highlighting the fabric sourcing platform.

Fabriclore Raises $1.6M to Expand Tech-Enabled Fabric Sourcing Globally

Jaipur-based Fabriclore has raised $1.6 million in funding led by PeerCapital from Bengaluru and Regal Fabrics from the UAE. This tech-enabled fabric sourcing platform for fashion businesses will use the funds to expand its presence in key markets, including India, the Middle East, Europe, and the USA. The company will invest in technology to streamline operations, enhance customer experience, and scale internationally. Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore offers a wide portfolio of cotton, viscose, sustainable, and polyester fabrics. With a catalogue of 10,000 SKUs developed by over 550 suppliers, it has onboarded over 200 private labels within 12 months of its B2B pivot. Fabriclore also created the Fabric Experience Studio in Jaipur and plans more in tier-A cities in India and the UAE.

By
Anurag Trivedi
Three men, Jimish Kapadia, Sanjay Sarda, and Sushant Bhasin, in business attire stand in front of a backdrop featuring US dollar bills and the Growth Sense logo, symbolizing their success in securing $600,000 in funding for their startup ecosystem.

Growth Sense Secures $600K Funding from Angels, Micro VCs, Industry Veterans

Growth Sense, an India-based business growth platform, has raised $600,000 in funding led by angel investors, micro VCs, and industry veterans. This funding will help Growth Sense empower small and medium enterprises (SMEs) by providing strategic growth solutions, showcasing investor confidence in its potential. The funds will be used to enhance the platform, expand the team, and scale operations to reach more SMEs. Growth Sense aims to leverage advanced technology and expert insights to help SMEs overcome growth challenges and achieve sustainable success. This strategic move aligns with the company's vision to become a leader in the SME growth sector, driving economic development with valuable resources and support.

By
Anurag Trivedi
Banner with the text 'THIS WEEK in STARTUPS' in bold blue letters, accompanied by a yellow graphic on the left. Below, the hashtag #thisweekinstartups is displayed in blue, along with the dates '22 June – 28 June 2024' in gray. The Entrepreneurship Studio logo appears in the bottom right corner, featuring four colored dots in blue, yellow, teal, and green. Wavy yellow and blue lines decorate the top right corner.

This Week In Startups: June 22-28

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
The image features a promotional banner for Cloudphysician, an AI healthcare company. On the left side of the banner, there's a graphic of a doctor wearing a lab coat with a stethoscope, symbolizing healthcare. The center and right sections of the image display a large, bold logo of Cloudphysician against a blue background with light blue wave patterns. On the right, there are photos of two smiling men, Dr. Dhruv Joshi and Dr. Dileep Raman, the co-founders, wearing blue polo shirts with the Cloudphysician logo, representing the leadership behind the company. The overall design conveys a professional and innovative healthcare service.

Cloudphysician Raises $10.5M in Series A to Revolutionize Global Critical Care with AI

Cloudphysician, an AI healthcare startup based in Bengaluru, has secured $10.5 million in a Series A funding round led by Peak XV Partners, alongside Elevar Equity and Panthera Peak. The funding will bolster the startup's growth within India and its expansion into global markets including the US. This infusion of capital will enhance Cloudphysician’s AI platform, RADAR, advancing its co-pilot features to support medical professionals more effectively. Founded in 2017, Cloudphysician aims to transform critical care delivery by leveraging its AI-powered digital Care Center platform to manage ICU operations across approximately 2,400 beds in 230 hospitals. This innovative approach has significantly reduced ICU mortality rates by up to 40%, demonstrating Cloudphysician’s impact on healthcare efficiency and patient outcomes.

By
Anurag Trivedi
The image is a promotional banner featuring the three founders of Rocketlane, depicted in front of a modern office building. They are smiling and standing close together, suggesting a strong team dynamic. The company's logo, "Rocketlane," is prominently displayed in the upper right corner of the image, set against the building's glass façade.

Rocketlane Secures $24M in Series B Funding to Enhance AI Capabilities and Expand

Rocketlane, a SaaS provider specializing in project delivery and professional services, has successfully raised $24 million in a Series B round, co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. This funding boosts Rocketlane's total capital to $45 million, aimed at advancing AI integrations for enhanced customer feedback and project management. The startup, founded in 2020, is set to improve its PSA platform, introduce AI in client communications, and upgrade its customer portal. Expanding its scope, Rocketlane will invest in conversational AI and AI-driven templates to streamline project management and enhance service accuracy. Targeting mid-market and lower enterprise clients, Rocketlane plans U.S. expansion and a European market entry event in September, alongside appointing Rao Adavikolanu as CMO to propel its strategic growth and market presence.

By
Anurag Trivedi
The image features a horizontal banner for Zyod, showcasing a stylized, graphic design. The left side prominently displays the logo "ZYOD" in large, bold white letters on a dark green background. To the right, a detailed illustration depicts a person, seen from behind, working on fashion design patterns. They are hanging up various pieces of pattern paper, which include different garment outlines. The scene is set against the same dark green background and emphasizes elements of fashion design such as scissors, threads, and pins, adding to the creative, industry-focused theme of the banner.

Zyod Raises $18M in Series A to Expand and Innovate in Fashion Manufacturing

Zyod, a tech startup based in Gurugram, has secured $18 million in Series A funding to expand its global reach in the fashion manufacturing industry. Led by RTP Global, with participation from existing investors like Lightspeed and Alteria Capital, the funding will propel Zyod’s expansion into over 40 countries. The startup's innovative ERP software has revolutionized production processes, optimizing operations across more than 80,000 Indian factories. With this new capital, Zyod aims to penetrate markets in Brazil and Australia, and explore under-tapped regions such as Africa and Scandinavia. The company also recently launched a mobile app to better serve long-tail and enterprise clients, enhancing customer engagement and operational efficiency.

By
Anurag Trivedi
The image is a banner for British International Investment, featuring a graphic design related to the electric vehicle (EV) industry. On the left, there's a green electric charging station with a white and blue electric car connected to it, symbolizing the charging process. In the center, there are two large bags of money adorned with the UK flag, representing significant financial investment. A large black lightning bolt symbol next to the money bags emphasizes the focus on electric power. The background is decorated with green and white curved lines, suggesting energy and movement. The company name "British International Investment" is prominently displayed, anchoring the theme of the banner.

British International Investment Targets $300 Million in India’s EV Sector

British International Investment (BII) plans to invest an additional $300 million in India's electric vehicle (EV) sector over the next three years, as stated by Abhinav Sinha, MD and Head of Technology & Telecoms. BII has previously funded Mahindra's EV operations and startups like Euler Motors, Turno, and Battery Smart, aiming to expand its reach in EV manufacturing, components, and financing. Highlighting India's current 6% EV market penetration, Sinha sees significant growth potential, projecting a rapid increase. He emphasized the strategic importance of early-stage investments, typically between $5 to $10 million. Moving forward, BII is dedicated to advancing India’s electric mobility, with a focus on enhancing the industry's infrastructure and consumer adoption through investments across the EV value chain.

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
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