Startups, Mergers, Acquisitions and Funding Round-up this week

Here's a brief overview of the recent advancements in India's startup and innovation ecosystem. With fresh funding, new initiatives, and breakthroughs in technology and space, the entrepreneurial scene in India is rapidly evolving.

Outzidr Secures Rs27 Crore for Gen-Z Fashion Expansion

Outzidr, a fashion startup catering to Gen-Z, has secured Rs27 crore in pre-series funding to expand its reach and enhance its offerings, aiming to strengthen its position in the youth fashion market.

Eon Space Labs Raises $1.2 Million in Pre-Series A

Eon Space Labs, an aerospace company based in Hyderabad, has secured $1.2 million in pre-Series A funding. This investment will fuel the development of its space technologies and enhance its research and operational capabilities.

Jeh Aerospace Raises $11 Million for Aerospace Manufacturing

Jeh Aerospace, an Indian aerospace manufacturing startup, has raised $11 million in funding. This capital will be used to scale operations and drive innovation in the aerospace and defence sectors, supporting India's growing space ambitions.

Biome Raises Rs100 Crore to Support Early-Stage Startups

Biome, a venture studio in India, has raised Rs100 crore to fund early-stage startups across various sectors, including technology, healthcare, and sustainability, thereby driving innovation in the startup ecosystem.

DPDZero Raises $7 Million for AI-Driven Debt Recovery

DPDZero, an AI-driven startup helping banks and non-banking financial companies (NBFCs) recover debt, has raised $7 million. The investment will enable the company to enhance its AI-powered debt collection solutions and expand its clientele.

Mergers and Acquisitions

• Bizdateup, led by Jeet Chandan, has acquired a 71.4% stake in RBH Solutions, expanding its presence in automation and smart grid technology.
• ChrysCapital has received approval from the CCI to acquire a majority stake in Theobroma, a leading bakery chain.
• HNI Corporation’s $2.2 billion acquisition of Steelcase has led to a significant rise in Steelcase’s stock value.
• Mahindra has completed the buyout of SML Isuzu, restructuring its board and planning a rebranding to strengthen its automotive portfolio.

Other News

• Nippon India Mutual Fund has introduced the Nippon India Nifty Manufacturing ETF, offering investors the chance to invest in India’s expanding manufacturing sector.
• Indian aerospace startup Agnikul has been granted a US patent for its world’s largest single-piece 3D printed Inconel rocket engine, a significant achievement in space technology.
• IIT Madras has launched a new Entrepreneurship School dedicated to driving deep-tech innovations, with a focus on nurturing India’s future leaders in technology.
• The Maharashtra state cabinet has approved a startup policy designed to foster the creation of 50,000 startups over the next five years, boosting the state's startup landscape.