Author: sushree

Cancer care startup Oncare has raised ₹27 crore (approximately $4 million) in a Series A funding round led by Sky Impact Capital.

The round also saw participation from Huddle Ventures, Lotus Herbal Group, SteerX, and Tremis Capital.

The Gurugram-based startup had earlier raised $1 million in a seed funding round led by Huddle Ventures.

The fresh capital will be deployed to expand operations into new metro markets as well as tier-II and tier-III cities, while also strengthening its technology infrastructure to streamline clinical workflows, improve care coordination, and enhance patient experience.

Founded in 2023 by Amar Sneh and Deepak Kumar, Oncare runs a distributed oncology care platform aimed at making cancer treatment more affordable and standardised. Rather than investing in large standalone hospitals, the company collaborates with mid-sized accredited hospitals to establish and operate dedicated oncology centres through a capital-light approach.

Oncare integrates medical, surgical, and radiation oncology services within partner hospitals, offering comprehensive cancer care that includes chemotherapy, surgeries, immunotherapy, radiation therapy, and continuous nursing and nutritional support. The company claims its model helps reduce treatment costs by 30–40% compared to large corporate hospitals.

Currently, Oncare operates four oncology centres across Delhi-NCR and has built a multi-centre platform within three years of launch. With the new funding, the startup is targeting nationwide expansion, including entry into southern India and select tertiary markets.

Semiconductor startup optoML has raised $1.8 million in a pre-Series A funding round led by Bluehill VC and A99.

The fresh capital will be used to scale hiring and advance development of its next-generation chips following the successful completion of its 12 nm tapeout.

Founded in 2024 by Saravana Maruthamuthu, optoML is a fabless semiconductor company building energy-efficient AI System-on-Chip (SoC) platforms using analog-in-memory compute architectures combined with optical interconnects. While the company is headquartered in Singapore, its primary R&D and development operations are based in Bengaluru.

The startup claims its patented analog-in-memory compute design can deliver up to 50x higher energy efficiency compared to conventional digital AI accelerators, targeting use cases across edge devices, enterprise deployments, and data centres.

Its architecture integrates high-bandwidth optical I/O directly on-chip to reduce latency and power consumption during data movement.

optoML recently completed a 12 nm tapeout with TSMC and has signed a memorandum of understanding with Kaynes Semiconductor to support assembly and testing once wafers are received. The company operates on FinFET nodes and focuses on building scalable AI processors for next-generation workloads.

Direct-to-consumer fashion brand MyDesignation has secured Rs 40 crore in a Series A funding round led by RPSG Capital Ventures.

The round also saw participation from existing investors Veltis Capital, Multiply Ventures, and Dominor Investments.

The Kerala-based startup had raised $1.25 million in a seed round in February 2025.

The company said the fresh capital will support expansion of its offline retail presence through company-owned stores, addition of senior leadership across key functions, and introduction of new product categories as it scales operations.

Founded in 2020 by Swaroop Radhakrishnan Krishnan Nair and Gopika Baburaj Raj, MyDesignation began as a passion project in 2017 before being incorporated as My Designation Online Clothing Private Limited. Headquartered in Thiruvananthapuram, the brand focuses on culturally inspired streetwear and positions itself as India’s first Malayali merchandise label.

MyDesignation operates on a digital-first model and has built its sales primarily through its own website and social media channels, avoiding third-party marketplaces to retain control over customer experience and margins. Alongside its online presence, the company runs exclusive retail stores across Bengaluru, Kochi, Thiruvananthapuram, and Calicut.

The brand offers printed t-shirts, oversized shirts, and hoodies featuring in-house designs inspired by South Indian art forms such as Kathakali and Theyyam. It reports having served over one million customers across India and maintains a strong repeat purchase base. The company states that it has recorded around 100% revenue growth annually since inception.

B2B SaaS platform Mojro has secured $3 million in a fresh funding round led by IAN Alpha Fund, with participation from 1Crowd and existing investors.

The company will use the capital to expand its presence in the US and Southeast Asia, enhance its AI-led optimization engine, and strengthen its product, engineering, and sales teams.

Founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu, Mojro builds a SaaS platform focused on logistics planning and supply chain optimisation. Headquartered in Bengaluru, the company draws its name from Mohenjo-Daro, reflecting its focus on structured and efficient systems. The founding team brings prior experience from technology and enterprise firms including Mindtree, Happiest Minds, and the Tata Group.

Mojro serves mid-to-large enterprises across sectors such as CPG, retail, courier, dairy, and e-commerce. Its platform helps companies optimise delivery routes, manage operational constraints, and lower logistics costs through data-driven planning. 

The company operates on a usage-based SaaS model and generates more than 60% of its revenue from international markets including the US, Malaysia, Singapore, and the Philippines. It has established partnerships with consulting and technology firms in the US to strengthen customer acquisition.

Mojro’s product suite includes PlanWyse for AI-based route optimisation and dynamic planning, ExecuteWyse for real-time fleet tracking and control tower operations, GeoWyse for address resolution using NLP, and PackWyse for load optimisation through 3D bin-packing algorithms. The company states that clients can reduce logistics costs by up to 20% and achieve measurable results within 90 days of deployment.

Mojro counts brands such as Unilever, Asian Paints, Lactalis Group, and Godrej Consumer Products among its customers, as it continues to scale its global footprint.

Delhi-based electric vehicle startup Pluto Mobility has raised $2 million in a seed funding round led by Version One Ventures, with participation from Grad Capital.

The round also saw strategic backing from founders and senior executives associated with companies such as Delhivery, OfBusiness, Pixxel, and Boom Supersonic.

The newly raised capital will be deployed to accelerate product and engineering efforts, scale the team, and roll out pilot programs across select urban centres.

Launched in 2024 by Akshat Bhatia and Himanshu Panda, Pluto Mobility is focused on developing electric vehicles purpose-built for last-mile delivery operations.

The startup is developing scooter-sized, fully enclosed electric delivery vehicles engineered to operate in harsh weather conditions while carrying up to twice the order capacity of a conventional two-wheeler. Unlike retrofitted solutions, Pluto is designing its vehicles from the ground up for high-frequency delivery workloads, prioritising throughput, durability, and cost efficiency without adding operational complexity for fleet operators.

The company plans to begin pilot deployments in late 2026, targeting e-commerce and quick-commerce operators across major Indian cities. Currently, Pluto operates an in-house fleet to provide delivery services for select brands while refining its vehicle hardware and performance metrics.

AI applications infrastructure startup Portkey has secured $15 million in a Series A round spearheaded by Elevation Capital, with continued support from existing backer Lightspeed.

Previously, the company raised $3 million in a seed round led by Lightspeed in August 2023.

According to the company, the fresh capital will be used to expand its AI control plane and scale go-to-market operations. The proceeds will also help enhance support for agent-based systems with additional controls around permissions, identity, and budget management, while improving performance for low-latency AI use cases.

Founded in January 2023 by Rohit Agarwal and Ayush Garg, Portkey builds a unified control plane for production AI systems. The platform combines an AI gateway with governance, observability, reliability, and cost management features. Its infrastructure sits in the path of AI traffic, enabling enterprises to manage model usage, enforce policies, and track spending in real time.

The company claims it processes over 500 billion LLM tokens across 125 million requests per day and manages more than $500,000 in AI spend daily for over 24,000 organisations globally. Its customers include Postman and Snorkel AI.

Portkey has also made its core enterprise gateway available for free, aiming to lower the barrier for teams to implement governance and observability controls early in their AI deployments.