Indian Startups Raise $240.85 Million This Week, Bengaluru Leads In Funding Deals

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Indian startups raise $240.85 million this week, Bengaluru leads in funding deals

During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds.Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.It was followed by Delhi-NCR, Mumbai, Chennai, and Patna.

Among business sectors, e-commerce startups received the highest number of investments, closing five deals, according to Entrackr report.

SaaS and fintech startups followed closely, securing three deals each, while companies in foodtech, healthtech, and manufacturing also attracted investor interest.

In the growth-stage category, edtech startup Leap raised $65 million in its Series E round led by Apis Partners.

B2B seafood startup Captain Fresh secured $30 million in its ongoing pre-IPO round.

SaaS IT management platform SuperOps raised $25 million, while a supply chain startup received $12 million in a Series C round from Evolvence India and Mirabilis Investment Trust.

Among early-stage startups, 20 companies collectively raised $107.15 million.

B2B SaaS startup Atomic work led with a $25 million Series A round, followed by investments in co-working firm Innov8, senior citizen-focused healthcare services provider Geri Care, telecom company Astrome Technologies, and mobility startup VoltUp.

Additionally, D2C handloom clothing brand Dressfolk and road safety products manufacturer Prisomoline raised funds but did not disclose the amounts.

On a weekly basis, startup funding remained stable but showed a slight dip of 3.22 per cent, down from $248.87 million in the previous week.

Over the past eight weeks, the average weekly funding stood at $349.53 million, with 26 deals per week.

76th Republic Day: Goa, Uttarakhand Shine On Kartavya Path, Showcase Cultural Heritage And Tourism

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On the 76th Republic Day, Kartavya Path showcased India’s diverse strengths and its evolving cultural inclusiveness, marching towards a bright future. Among the 31 tableaux, including 16 from states and Union Territories, Uttarakhand and Goa highlighted their rich cultural heritage, tourism potential, and vibrant art forms.

Goa’s tableau, themed ‘Swarnim Bharat: Virasat Aur Vikas,’ celebrates the state’s pristine beaches, lush landscapes, and rich culture.
Goa, often referred to as the “Pearl of the East,” is known for its historical charm, vibrant arts, and warm hospitality. The tableau highlighted ‘Diwaja,’ a unique earthen lamp symbolizing purity and ancestral bonds. During Diwaja, women observe a five-day fast and offer lighted lamps in a ritual.

It also showcased Kaavi art, an ancient Goan mural tradition using red laterite paste on lime-based surfaces. Found in temples and homes, this art reflects motifs inspired by nature, Hindu mythology, and rural life.
As Goa is known for its beaches, its tableaux highlighted the water sports that play a vital role in Goa’s tourism.

It also underscored activities like coastal weddings and photo shoots, which are gaining popularity.

The 1864-built Fort Aguada Lighthouse, one of Asia’s oldest, is depicted, offering stunning views of the Arabian Sea and glimpses of Goan history.

The North Indian State Uttarakhand tableau is themed “Cultural Heritage and Adventure Sports,” showcasing the state’s rich culture, natural beauty, and adventure tourism.

At the forefront, a woman in traditional attire is depicted creating Aipan art, symbolizing its social, cultural, and religious significance in Uttarakhand.

This traditional art, made using rice paste and ‘geru,’ adorns prayer rooms, entrances, and walls.

The tableau also highlighted adventure sports and tourism activities like mountain biking in Nainital and Mussoorie, trekking in the Valley of Flowers and Kedarkantha, snow skiing in Auli, and thrilling activities like yoga, bungee jumping, zip-lining, and rock climbing in Rishikesh.
Uttarakhand’s tableau also emphasized preserving its cultural heritage while promoting adventure tourism.

Earlier, President Droupadi Murmu on Sunday unfurled the national flag at Kartavya Path on the occasion of the 76th Republic Day, followed by the national anthem with a thunderous 21-gun salute using 105-mm Light Field Guns, an indigenous weapon system.

The President of India and her Indonesian counterpart, President Prabowo Subianto, who is the chief guest of this year’s Republic Day, were escorted by the President’s Bodyguard, the senior-most regiment of the Indian Army.

 

Prime Minister Sh. Narendra Modi greets everyone on 76th Republic Day

by with No Comment Mirabilia IconsPolitics

Republic Day marks the adoption of India’s constitution and the country’s transition to a republic on January 26, 1950. Every year, the celebrations marking the day feature spectacular military and cultural pageantry. 

Republic Day Parade 2025 will be a unique blend of India’s cultural diversity and military prowess, with special focus on 75 years of enactment of the constitution and Jan Bhagidari.

The theme for the tableaux at the Republic Day Parade 2025 has been decided as “स्वर्णिम भारत – विरासत और विकास” |

Greeting everyone on the occasion of Republic Day, the Prime Minister Shri Narendra Modi remarked that today we celebrate 75 glorious years of being a Republic.

In separate posts on X, the Prime Minister said:

“Happy Republic Day. 

Today, we celebrate 75 glorious years of being a Republic. We bow to all the great women and men who made our Constitution and ensured that our journey is rooted in democracy, dignity and unity. May this occasion strengthen our efforts towards preserving the ideals of our Constitution and working towards a stronger and prosperous India.”

The Indian government has launched many welfare schemes since independence including schemes for healthcare, social security, and employment. E-governance in India has demonstrated the use of electronic tools and processes to improve governance and enhance government capacity to function efficiently.

On 76th Republic Day,  Mirabilia Business Magazine released 76 short clips demonstrating government led welfare schemes to mark the day and made a phenomenal record. 

The purpose is to build a strong and sustainable bridge between government capacity enablement and digital empowerment of masses and to strengthen capacities of local administration and institutions to reach the vulnerable groups with information on government entitlements. 

The broader view of “reaching out to the masses” is to communicate information or a message to a large and diverse group of people, essentially aiming to spread a message widely across a broad audienc

Cabinet approves health coverage to all senior citizens of the age 70 years and above

by Today's Fables

Cabinet approves health coverage to all senior citizens of the age 70 years and above irrespective of income under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the health coverage to all the senior citizens aged 70 years and above irrespective of income under the flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (ABPMJAY)

This aims to benefit approximately 4.5 Crore families with six (6) crore senior citizens with 5 Lakh rupees free health insurance cover on a family basis.

With this approval, all senior citizens of the age 70 years and above irrespective of their socio- economic status would be eligible to avail the benefits of AB PM-JAY. The eligible senior citizens would be issued a new distinct card under ABPMJAY. The senior citizens of the age 70 years and above belonging to families already covered under AB PM-JAY will get an additional top-up cover upto ₹5 lakh per year for themselves (which they do not have to share with the other members of the family who are below the age of 70 years).

All other senior citizens of the age 70 years and above will get a cover upto ₹5 lakh per year on a family basis. Senior citizens of the age 70 years and above who are already availing benefits of other public health insurance schemes such as Central Government Health Scheme (CGHS), Ex-Servicemen Contributory Health Scheme (ECHS), Ayushman Central Armed Police Force (CAPF) may either choose their existing scheme or opt for AB PMJAY. It has been clarified that senior citizens of 70 years and above who are under private health insurance policies or Employees’ State Insurance scheme will be eligible to avail benefits under AB PM-JAY.



AB PM-JAY is the world’s largest publicly funded health assurance scheme which provides health cover of Rs. 5 lakh per family per year for secondary and tertiary care hospitalization to 55 crore individuals corresponding to 12.34 crore families. All members of the eligible families irrespective of age are covered under the scheme. The scheme has covered 7.37 Crore hospital admissions including 49 percent women beneficiaries. The public has benefited to the extent of over Rs. 1 Lakh crore under the scheme.

The expansion of cover to senior citizens of the age of 70 years and above was earlier announced by Hon’ble Prime Minister Shri Narendra Modi in April 2024.

Prime Minister Shri Narendra Modi congratulates RBI Governor Shri Shaktikanta Das on being rated “A+”

by Latest Updates

The Prime Minister, Shri Narendra Modi today congratulated RBI Governor Shri Shaktikanta Das on being rated “A+”, for the second time in a row, in Global Finance Central Banker Report Cards 2024.

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 100 key countries, territories and districts, as well as the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.

Grades are based on an “A+” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. (“A” represents an excellent performance, down through “F” for outright failure.)

“Central bankers have waged war against inflation over the past few years, wielding their primary weapon: higher interest rates. Now, countries around the world are witnessing the tangible results of these efforts, as inflation has dropped significantly,” said Global Finance founder and editorial director Joseph Giarraputo. “Global Finance’s annual Central Banker Report Cards honor those bank leaders whose strategies outperformed their peers through originality, creativity and tenacity.”

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BIMSTEC Foreign Ministers call on Prime Minister Narendra Modi

by Today's Fables

Foreign Ministers from the BIMSTEC Member States paid a joint call on Prime Minister Shri Narendra Modi today.

PM had fruitful discussions with the group of Ministers on further strengthening the regional cooperation in diverse areas including connectivity, energy, trade, health, agriculture, science, security and people to people exchanges. He stressed on the role of BIMSTEC as an engine for economic and social growth.

He reaffirmed India’s commitment to a peaceful, prosperous, resilient and safe BIMSTEC region and highlighted its significance to India’s Neighbourhood First and Look East Policies as well as in its SAGAR vision for Security and Growth for All in the Region.

PM expressed India’s full support to Thailand for the upcoming BIMSTEC Summit to be held in September.

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Prime Minister receives Russia’s highest State Award

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​In a special ceremony in St. Andrew Hall in the Kremlin, President of the Russian Federation, H.E. Mr. Vladimir Putin conferred Russia’s highest national award “The Order of St. Andrew the Apostle” on Prime Minister Shri Narendra Modi for his contribution to fostering India-Russia ties. The award was announced in 2019.

While accepting the award, Prime Minister dedicated it to the people of India and to the traditional bonds of friendship between India and Russia. He further stated that the recognition illuminates the Special and Privileged Strategic Partnership between the two countries.

This award was instituted over 300 years ago. Prime Minister Shri Narendra Modi is the first Indian leader to be conferred with this award.

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Prime Minister extends his greetings on the occasion of Rath Yatra of Mahaprabhu Jagannath

by Today's Fables

The Prime Minister, Shri Narendra Modi, today wished the people on the occasion of sacred Rath Yatra of Mahaprabhu Jagannath.

“Greetings on the start of the sacred Rath Yatra. We bow to Mahaprabhu Jagannath and pray that His blessings constantly remain upon us.”

Descriptions of the Ratha Yatra can be found in Brahma Purana, Padma Purana, the Skanda Purana, and the Kapila Samhita.

The rath yatra is considered to be the oldest and largest Hindu chariot festival celebrated annually, on the bright half of the lunar month of Ashadh .The festival is held at the city of Puri, in the state of Odisha, India and associated with the deity Jagannath

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PM to launch ‘Viksit Bharat @2047: Voice of Youth’ on 11th December

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Prime Minister Shri Narendra Modi will launch ‘Viksit Bharat @2047 : Voice of Youth’ on 11th December, 2023 at 10:30 AM via video conferencing. Prime Minister will also address the Vice Chancellors of the Universities, Heads of Institutes and faculty members in workshops organised at Raj Bhawans across the country, which will symbolise the start of the initiative.

Prime Minister’s vision is to actively involve the youth of the country in formulation of national plans, priorities and goals of the country. In line with this vision, ‘Viksit Bharat @2047 : Voice of Youth’ initiative will provide a platform to the youth of the country to contribute ideas to the vision of Viksit Bharat @2047.  The workshops will be a key step towards initiating the process of engaging youth to share their ideas and suggestions for Viksit Bharat @2047.

Viksit Bharat@2047 is the vision to make India a developed nation by 2047, the 100th year of its independence. The vision encompasses various aspects of development, including economic growth, social progress, environmental sustainability, and good governance, among others.

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PM to visit Dehradun on 8th December and inaugurate the ‘Uttarakhand Global Investors Summit 2023’

by EconomyLatest Updates

Prime Minister Shri Narendra Modi will visit Dehradun, Uttarakhand on 8th December, 2023. At around 10:30 AM, he will inaugurate ‘Uttarakhand Global Investors Summit 2023’ being held at Forest Research Institute, Dehradun. Prime Minister will also address the gathering on the occasion.

‘Uttarakhand Global Investors Summit 2023’ is a step towards establishing Uttarakhand as a new investment destination. The two day summit is being held on 8th and 9th December, 2023 with the theme –  “Peace to Prosperity”.

The summit will be attended by thousands of investors and delegates from across the world. It will witness participation of Union Ministers, Ambassadors of various countries along with leading industrialists, among others.