From City Firm submitting for a Rs 1,900 crore IPO and Seekho elevating $28 million to PlatinumRx’s $6 million guess on generic substitutes and Cashify’s partnership with Google for refurbished Pixel telephones, YourStory brings at the moment’s headlines that spotlight vital developments throughout industries.
Featured tales
Gurugram startup makes use of tech to make cross-border transport seamless
Hexalog, a Gurugram-based logistics startup, is tackling fragmented cross-border provide chains for Indian ecommerce and D2C manufacturers with its AI-driven orchestration platform.
Based in 2024 by Dibyanshu and Utkarsh Tripathi, Vineet Malik, and Shobhit Singh, it integrates freight forwarding, customs, warehousing, and supply right into a single system.
The startup operates consolidation hubs in Shenzhen and India, utilizing air freight to chop transit instances to 4 days. Serving 96 purchasers, together with Urbanic and Frido,
Hexalog has processed items price Rs 350–400 crore and posted Rs 32 crore income. It plans growth to Southeast Asia and Oceania, focusing on Rs 80 crore income this 12 months. Learn extra.
Autonomous AI assaults unlock new cybersecurity nightmares for enterprises
AI is reshaping cybersecurity by enabling autonomous assaults that may determine vulnerabilities and execute breaches with out human enter, creating new dangers for enterprises.
Threats embrace AI-powered malware, deepfake scams, and immediate injection assaults, which amplify velocity and class in comparison with conventional phishing or hacking. “Companies should put money into R&D to repeatedly strengthen their cybersecurity options in at the moment’s quickly evolving menace panorama,” mentioned Chetan Jain, Managing Director of Inspira Enterprise.
Specialists stress AI governance frameworks, up to date software program, multi-factor authentication, and AI-driven safety instruments, whereas urging governments to set clear requirements and rapid-response mechanisms to counter rising AI-driven cyber dangers. Learn extra.
Newest information
City Firm information for Rs 1,900 Cr IPO
City Firm has filed for a Rs 1,900 crore IPO, together with a Rs 472 crore contemporary situation and Rs 1,428 crore supply on the market by traders resembling Accel, Bessemer, Elevation, Tiger International, and Vy Capital.
The difficulty opens September 10 and closes September 12, with shares to listing on BSE and NSE. The Gurugram-based companies market turned worthwhile in FY25, posting Rs 135 crore internet revenue on Rs 1,373.5 crore income.
“Our first full-year revenue marks a turning level as we scale,” mentioned Co-founder Abhiraj Singh Bhal. Proceeds will fund know-how, advertising, working capital, and normal company wants. Learn extra.
Funding
Quick-form video studying platform Seekho baggage $28M
Seekho, a short-form video studying platform, has raised $28 million in a Sequence B spherical led by Bessemer Enterprise Companions, with participation from Goodwater Capital, Lightspeed, and Elevation Capital.
Based in 2020, Seekho gives 3-5 minute vernacular studying movies throughout 15 classes and at present has 25 million month-to-month lively customers. “We shall be investing in new content material codecs, primarily powered by AI, mixing video with interactive parts to create extra personalised studying journeys,” mentioned co-founder Rohit Choudhary.
The corporate plans to broaden into the US inside three quarters and develop its content material providing to 30 classes, whereas deepening AI-driven personalisation. Learn extra.
PlatinumRx is betting on generic substitutes to chop India’s hovering medication payments
PlatinumRx, a Bengaluru-based on-line pharmacy, has raised $6 million in Sequence A funding led by Stellaris Enterprise Companions to push cheaper generic substitutes for continual care sufferers.
Based in 2024, the startup claims to chop medication payments by 50–60% by sourcing instantly from pharmaceutical firms and providing one vetted various per salt. It has delivered to 200,000 sufferers throughout 20,000 pincodes, working fulfilment centres in Bengaluru and Delhi.
“Our imaginative and prescient is easy: assist households entry medicines at 50–60% decrease value whereas sustaining top-notch high quality,” mentioned Co-founder Ashutosh Pandey. The funds will broaden fulfilment capability, provide chain, and AI-driven personalisation. Learn extra.
Zanskar raises Rs 2.8 crore to broaden pain-care line
Wellness model Zanskar has raised Rs 2.8 crore in seed funding led by Zeropearl VC, with participation from angel traders together with Pawan Gupta of Fashinza. The capital will help product innovation, advertising, and distribution growth in India’s Rs 16,000 crore pain-relief market.
Based by IIT Delhi alumni, Zanskar gives science-backed formulations for joint ache, migraines, and arthritis, reaching over 50,000 clients. “This spherical is a big validation of our perception that ache reduction doesn’t want to return with a trade-off,” mentioned co-founders Anshul and Manu Mittal. The corporate can also be creating an AI-driven physiotherapy app and exploring pilots for physiotherapy-led wellness centres.
Waterscience secures Rs 1.4 Cr from Velocity
Non-drinking water filtration model WaterScience has raised Rs 1.4 crore from Velocity, backed by Peter Thiel’s Valar Ventures, bringing its whole funding to Rs 7 crore since 2020.
The Bengaluru-based firm, which pioneered bathe and faucet filters in India, will use the funds for advertising and product growth. Its options tackle arduous water and chlorine points affecting over 70% of properties, with merchandise already put in in additional than 2 million households.
“This funding is a powerful validation of our mission to make water safer and more healthy for each Indian house,” mentioned Pavithra Rao, Co-founder of WaterScience. The corporate goals so as to add 1 million extra properties in FY26.
Edgehax raises Rs 1.39 Cr for edge AI {hardware}
Edgehax, an Edge AI computing startup, has secured Rs 1.39 crore in seed funding led by Inflection Level Ventures, with help from STPI’s Subsequent Technology Incubation Scheme (NGIS).
The funds will assist scale manufacturing and broaden into world markets, together with Singapore, the US, and Europe. Edgehax builds modular {hardware} integrating compute, community, and storage on a single board, utilized in drones, autonomous autos, industrial gateways, and defence purposes.
“Our purpose is to turn into a world pioneer in Edge AI Gateways and Single Board Computer systems,” mentioned Prabhu Stavarmath, CEO and Co-founder. The corporate already serves over 150 enterprises and 100,000 builders.
Different information
BeyondXcelerate launches D2C accelerator with Rs 5 crore pool
BeyondXcelerate has launched its flagship direct-to-consumer accelerator with a Rs 5 crore funding pool in partnership with BeyondSeed, Arjun Vaidya, and Zoo Media. The eight-week hybrid programme will shortlist 30 shopper manufacturers, with 10 receiving spot funding on Demo Day.
Startups will acquire mentorship, market entry, and brand-building help, with purposes closing September 15. “What units BeyondXcelerate aside is its capability to mix speedy funding with hands-on mentorship and structured progress help,” mentioned Arjun Vaidya, Founding father of V3 Ventures. The initiative follows an earlier tech-focused programme and seeks to bridge early-stage gaps for Indian consumer-first startups.
Hudle launches GRIP ranking system for racket sports activities
Hudle, India’s largest sports activities neighborhood platform, has launched GRIP, the nation’s first skill-based ranking and scoring system for racket sports activities, together with badminton, padel, and pickleball.
Constructed on a 1–7 scale and powered by a proprietary algorithm, GRIP allows gamers to trace efficiency and discover appropriate matches. Hudle has 1.5 million gamers throughout 80 cities and has raised Rs 35 crore from traders, together with Sky Influence Capital, Physis Capital, and IPV.
“With GRIP, we’re fixing a really actual hole in racket sports activities by giving gamers a measurable and trusted system to trace their abilities,” mentioned Suhail Narain, Founder and CEO of Hudle.
Cashify companions Google to promote refurbished Pixel telephones
Cashify has turn into Google’s unique trusted reseller for refurbished Pixel smartphones in India, tapping right into a market projected to achieve $10 billion by 2026.
Units, renewed with Google-authorised spares, shall be bought by way of Cashify’s app, web site, and choose shops, every backed by a one-year guarantee.
“We’re partnering with Google to convey licensed refurbished Pixel smartphones to Indian shoppers,” mentioned Mandeep Manocha, Co-founder and CEO of Cashify. The tie-up is anticipated to broaden shopper entry to premium units at decrease costs whereas decreasing e-waste, reflecting the sector’s push towards sustainable and inexpensive know-how.
SiMa.ai and LTTS associate on AI-driven options
SiMa.ai has partnered with L&T Know-how Providers (LTTS) to co-develop AI-driven merchandise in mobility, healthcare, industrial automation, and robotics.
The collaboration combines LTTS’s engineering experience with SiMa.ai’s MLSoC ONE platform to ship scalable bodily AI purposes. “By combining SiMa.ai’s groundbreaking AI computing know-how with our experience, we’re empowering purchasers throughout robotics, mobility, and healthcare,” mentioned Amit Chadha, CEO of LTTS.
The alliance will goal areas resembling ADAS, industrial automation, and healthcare methods, aiming to speed up time-to-market whereas decreasing prices. Each corporations plan joint go-to-market methods and scalable product help frameworks for world purchasers.
Xflow companions with Easebuzz for cross-border funds
Xflow has partnered with Easebuzz to simplify worldwide collections for Indian retailers, permitting funds in over 25 currencies from 140 nations.
The tie-up gives clear overseas change charges, quicker settlements, and compliance with RBI and FEMA tips, aiming to assist MSMEs, SaaS corporations, and D2C manufacturers entry enterprise-grade cross-border infrastructure, in keeping with the corporate.
“Collectively, we’re unlocking entry to a seamless cost infrastructure to each Indian service provider who desires to develop globally,” mentioned Anand Balaji, Co-founder and CEO of Xflow. The businesses anticipate smaller exporters to learn by way of improved money move and diminished prices, addressing bottlenecks which have hindered world growth.
(The copy shall be up to date with the newest information all through the day.)
Edited by Kanishk Singh
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