Funding News

The startup, incubated at Dr. A.P.J. Abdul Kalam Technical University (AKTU) in Lucknow, has already processed over 100,000 on-chain verifications, demonstrating strong early adoption of its blockchain-powered digital credential platform . With this capital infusion, Edubuk is poised to scale its operations across Southeast Asia, the Middle East, Europe, and Africa, positioning India as a serious contender in the global blockchain verification space .

Plum announced it has raised ₹193 crore (approximately $20.6 million) in a Series B funding round led by Peak XV Partners (formerly Sequoia India) . The round also saw participation from GMO Venture Partners and existing investor Tanglin Venture Partners .

The funding values Plum at $125 million (₹1,181 crore) , nearly double its previous valuation of $66 million from its Series A round in 2021 . The round also included a secondary transaction component of about 30%, enabling early backer Incubate Fund Asia to partially exit and realize returns on its seed investment

Communications Minister Jyotiraditya Scindia provided the definitive answer. The delay, he explained, was not a failure of execution but a deliberate strategic choice: India chose to build its own 4G technology stack from scratch rather than buy it from foreign vendors .

“The reason why the rollout of 4G has taken time is because we chose to develop our own stack. Countries across the world haven’t done it. India did it in 22 months,” Scindia said at the Times Now Summit .

The Indian Premier League has always been more than just cricket. It is a cultural phenomenon, a marketing juggernaut, and a mirror reflecting India’s evolving digital economy. Over the years, the league’s sponsorship roster has chronicled the nation’s tech journey—from telecom during the 4G expansion to fintech through the UPI boom, and gaming and edtech during the pandemic years .

Now, as IPL 2026 prepares for its opening match on March 26, a new category is stepping onto the pitch: Artificial Intelligence.

India’s startup ecosystem is quietly building momentum for what could be one of the most anticipated public listings of 2027. Gurugram-based recommerce platform Cashify has taken a concrete step toward its initial public offering (IPO) by appointing investment bankers to lead the process .

The Amazon-backed company has mandated ICICI Securities, JM Financial, and Nomura as the lead bankers for its proposed public listing . The move signals that the eight-year-old startup, which has built a profitable and scalable model in the refurbished electronics space, is preparing to join the growing cohort of new-age companies transitioning from private funding rounds to public markets.

For decades, the invisible airwaves around us—radio frequencies—have been the workhorses of wireless communication. Wi-Fi, 4G, 5G, Bluetooth: all rely on a spectrum that is increasingly congested, interference-prone, and vulnerable to interception.

But what if the very lights in our offices, homes, and streets could also carry the internet? What if a beam of light, invisible to the naked eye, could deliver speeds of 10 Gbps with absolute security?

This is not science fiction. This is the reality being built by Velmenni, a Delhi-based deep-tech startup that has just raised ₹30 crore (approximately $3.3 million) in a pre-Series A funding round to scale its pioneering Li-Fi (Light Fidelity) and Free Space Optics (FSO) technologies .

In Silicon Valley, the PayPal Mafia became legendary—a group of former employees and founders who went on to build YouTube, Tesla, LinkedIn, and Yelp, forever changing the technology landscape. India is now witnessing its own version of this story, not once, but in successive waves.

The latest data is staggering. According to an analysis by Longhouse for the Economic Times, the second generation of India’s startup mafia—alumni from companies built between roughly 2014 and 2025—have now launched around 360 startups cumulatively . This marks a sharp increase from 253 companies reported in 2023, demonstrating the accelerating pace of this entrepreneurial spillover .