Comet's ₹100 crore Series B led by Verlinvest validates a 9X revenue surge since its previous institutional raise. Elevation and Nexus doubled down, while operator angels from Urban Company, Snap and Bhaane/VegNonVeg joined the cap table.
Comet's ₹100 crore Series B will fund its transition from online-first brand to omnichannel retailer. With stores outperforming the broader athleisure category, the D2C sneaker maker plans 20 stores by FY27 and investments in proprietary sole moulds.
Source: Business Standard; Peerzada Abrar · Business Standard
For startup founders and VCs, the ET Startup Awards 2026 Comeback Kid shortlist highlights resilient founders—SolarSquare, Shadowfax, Scapia, Emergent, Pratilipi—backed by marquee investors and recognized by a jury led by Rishad Premji.
For clean energy professionals, SolarSquare's nomination as Comeback Kid reflects scaling of residential rooftop solar with financing, subsidies, and performance guarantees across 20 Indian cities.
For supply chain and logistics leaders, Shadowfax's Comeback Kid nomination at ET Startup Awards 2026 highlights resilient third-party logistics models serving e-commerce marketplaces and D2C brands with express parcel, reverse logistics, and hyperlocal delivery.
Source: Our Reporters (in) · Ettech Last Updated (in)
Elevation Capital's $500 million ninth fund exclusively targets AI startups at the application layer, challenging the narrative that India is behind in AI. The partners emphasize undersupplied expertise and a billion-user market, framing India as a soon-to-be AI powerhouse.
Elevation Capital launches a $500M early-stage fund to back AI-native startups, heating up competition among Indian VCs that have raised over $2.5B cumulatively. The fund's exclusive AI focus signals a shift from generalist to thesis-driven investing, directly impacting founder access to capital.
Elevation Capital's $500 million AI-focused fund is set to catalyze a wave of SaaS startups that embed intelligence into existing digital infrastructure. For cloud and SaaS providers, this signals fresh capital for vertical-specific agents and AI-native platforms, potentially accelerating India's product cloud shift.
Source: livemint.com · economictimes.indiatimes.com
With a $500 million early-stage fund, Elevation Capital will write $25–30 million checks to about 20 seed and Series A startups, focusing on AI-native companies. The fund also earmarks capital for follow-on rounds, offering a new catalyst for India’s startup ecosystem.
Elevation Capital’s latest fund will back AI-enabling SaaS platforms, from infrastructure to applications, reshaping India’s SaaS landscape. With $25–30 million checks, the fund seeks startups building AI-native products that could challenge global incumbents.
Elevation Capital’s latest fund underscores growing LP appetite for Indian tech and AI, despite a tighter VC landscape. The $500 million early-stage fund, combined with a $400 million holdings vehicle, brings total dry powder to $900 million, signaling sustained institutional conviction.
With a $500 million early-stage fund, Elevation Capital is betting that AI will spawn the next generation of India’s tech unicorns and decacorns. The firm’s sector-agnostic but AI-conviction strategy signals a major shift in VC focus toward deep-tech and AI-native startups.
Source: moneycontrol.com · Moneycontrol.com
Indian startups saw a significant funding boost to $358 million in the third week of March, driven by a massive $155 million round for Weaver Services. While the volume represents the third-highest weekly total of the year, the ecosystem remains cautious due to a lack of late-stage deals and ongoing geopolitical instability.
Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia VC, with strategic participation from MakeMyTrip. The capital infusion aims to accelerate the company's mission to automate the global visa application process as international travel demand reaches new heights.
Atlys has raised $36 million in a Series C round led by Susquehanna Asia VC, with strategic participation from MakeMyTrip. The capital will accelerate the expansion of its automated visa processing platform as it targets the global travel-tech SaaS market.
Atlys, a digital visa processing platform, has raised $36 million in a Series C round led by Susquehanna Asia VC. The funding, featuring strategic participation from MakeMyTrip, will accelerate global expansion and the development of AI-driven automation tools for international travel compliance.
Source: Moneycontrol · Mint
Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia VC to accelerate its AI-native visa processing platform. The capital will fuel international expansion and the development of automated document verification and eligibility assessment tools.
Visa processing startup Atlys has closed a $36 million Series C funding round led by Susquehanna Asia VC to accelerate its AI-native platform. The capital will fuel international expansion and the development of automated identity and eligibility layers for global travel.
Atlys has raised $36 million in Series C funding led by Susquehanna Asia VC to accelerate its AI-driven visa processing platform. The startup has recorded 11x growth since 2024 and is now processing over 700,000 visas annually across 120+ destinations.
Atlys has raised $36 million in a Series C round led by Susquehanna Asia VC to digitize the global visa application process. The funding, which includes a strategic investment from MakeMyTrip, will accelerate the company's AI roadmap and international expansion as it hits a 700,000 annual visa run rate.