Top Startup News Today: From AI Innovations to Electric Mobility | 30th October

As India’s startup ecosystem marches deeper into its next growth phase, innovation continues to pulse across every sector — from AI-led automation and sustainable mobility to next-gen dating apps redefining social interactions. The entrepreneurial energy that fuels the country’s new economy showed no signs of slowing down this Wednesday, with a series of fundraises, product launches, and strategic developments making headlines.

Here’s your complete roundup of all that’s buzzing in India’s startup and tech world today.

Top Startup News Today

Tech, Travel, and Trust: New Frontiers in Focus

TripGain is quietly transforming how corporate India travels.
Founded in 2019 by Sudheer Reddy and Ranga Prasad Badasheshi, the Bengaluru-based SaaS platform has taken on one of the most chaotic aspects of business — corporate travel management — and turned it into a seamless, automated experience.

TripGain integrates everything from bookings and approvals to reconciliation and reporting into one streamlined system. Acting as a vendor-agnostic marketplace, it brings together hundreds of suppliers across flights, hotels, and transport. Today, the platform powers over 400 corporates and 800 SMEs, managing millions of travel transactions annually and boasting an ARR of $3 million.

In a sector that’s long been tangled in manual processes and hidden costs, TripGain’s automation-first approach is reshaping how companies move their people — efficiently, transparently, and at scale.

Dreams of Great Sleep: Peps Industries’ Rs 500 Cr Success

From travel fatigue to restful nights — Peps Industries, a name synonymous with comfort, is building an empire in India’s sleep economy.
Founded in 2006 by G Shankar Ramm, the company sells premium mattresses and sleep solutions under the brand Great Sleep Stores. With 82 exclusive outlets and an impressive 35–40% share in the organised spring mattress market, Peps offers more than 13,000 SKUs, catering to all price segments.

The company recently crossed a significant milestone — Rs 500 crore in FY2025 revenue, with over Rs 400 crore coming solely from mattress sales. The rest came from accessories like pillows, bedsheets, and sofas. Peps’ strong retail presence and brand-driven positioning underline the growing potential of India’s organised home and lifestyle market.

Bollywood Meets Dating Tech: Inside Karan Johar’s ‘Elevn’

In a country that loves a good love story, Karan Johar has found his next script — in the world of online dating.

Elevn, co-founded by Johar along with Raghav and Ramya Chaturvedi, is a women-led dating app that flips traditional dynamics on their head. Men can only join if endorsed by a woman user — an idea designed to foster accountability, trust, and authenticity.

The platform also employs AI-based verification to weed out fake profiles and ensure genuine connections. Backed by Whiteboard Capital and Beenext, Elevn is now gearing up for expansion across major metros, growing its events vertical, and building a premium subscription base.

It’s dating — but done the Indian way, with tech, safety, and community at its heart.

Funding Frenzy: From Electric Powertrains to Candy Dreams

The midweek also saw a flurry of funding activity across sectors.

Tsuyo powers ahead with Rs 40 Cr

Mobility-tech company Tsuyo Manufacturing raised Rs 40 crore in a pre-Series A round led by Avaana Capital. The electric powertrain design and manufacturing startup plans to use the funds to enhance its end-to-end capabilities, establish a second R&D centre, and build a new greenfield manufacturing facility.

This will be Tsuyo’s third production unit, focusing on high-wattage electric motors (up to 250 kW) and transmission assemblies. The facility will include a vehicle testing track and advanced validation systems aligned with the government’s PM e-Drive and FAME standards — further strengthening India’s EV ecosystem.

Oroos Confectionery secures Rs 20 Cr to sweeten its journey

Noida-based Oroos Confectionery raised Rs 20 crore in funding led by Fireside Ventures, with participation from the State Bank of India and a group of strategic angels.

The capital will help Oroos set up an automated manufacturing plant in Greater Noida and expand distribution across Tier II and III towns. Backed by industry veterans including Vikash Agarwalla (BCG India), Sanjay Wali (VST Industries), and Porush Jain (Sportskeeda), the company’s focus is on delivering consistent quality and innovation through automation.

The new plant — supported under SBI’s CGTMSE scheme and with an MoU with Invest UP — underscores Oroos’s ambition to scale efficiently while maintaining its commitment to quality and creativity.

Fambo raises Rs 21.55 Cr for food-tech expansion

Food solutions startup Fambo bagged Rs 21.55 crore from AgriSURE Fund and EV2 Ventures to fuel its next phase of growth. Founded in 2022, Fambo supplies farm-fresh and semi-processed food products to restaurants and cloud kitchens across North and Central India.

Serving over 1,000 clients including Burger King, McDonald’s, Nomad Pizza, and Barbeque Nation, Fambo plans to use the new capital to expand geographically, diversify its product line, and strengthen its tech stack — ensuring consistent, cost-effective quality for India’s HoReCa industry.

StampMyVisa stamps a Rs 4 Cr bridge round

AI-powered B2B visa processing platform StampMyVisa raised Rs 4 crore in a bridge round led by Unicorn India Ventures. The funds will go toward marketing, scaling operations in South India, and supporting its acquisition of Teleport.

The Bengaluru-based startup leverages artificial intelligence to simplify the visa processing experience for travel businesses — a space ripe for disruption.

SaveSage banks $1M for smarter credit management

Fintech startup SaveSage, an AI-driven platform that helps users optimise their credit card and loyalty programs, raised $1 million in a pre-seed round (mix of equity and debt).

The round saw participation from Bhavesh Gupta, NR Narayanan, Lalit Wadhwa, DSP Family Office, Venture Catalysts, and Suvrat Sehgal. The funds will strengthen SaveSage’s AI engine, expand product capabilities, and accelerate user acquisition — tapping into India’s rapidly growing credit-conscious population.

Happi Planet cleans up with Rs 18 Cr

Eco-conscious home-care brand Happi Planet raised Rs 18 crore from Fireside Ventures and Prath Ventures. With products spanning laundry, kitchen, and surface cleaning, the startup has recorded 15x growth in the last year. The new funding will power category expansion and brand building as Happi Planet aims to redefine sustainable cleaning for Indian households.

Ticket9 takes Indian event tech global

Event-tech startup Ticket9, founded by Yazhini Shanmugam and Sathos Premraj in 2022, raised fresh funds (undisclosed amount) to expand into Europe. Backed by celebrity investors Nayanthara and Vignesh Shivan, Ticket9’s latest product, RSVP, lets organisers create invitation-based, community-first events — adding exclusivity, engagement, and security to the event experience.

Corporate Moves and Industry Updates

Infibeam Avenues gets nod to operate as PSP in GIFT City

Fintech player Infibeam Avenues secured in-principle approval from IFSCA for its subsidiary IA Fintech IFSC Pvt Ltd to operate as a Payment Service Provider at GIFT City in Gandhinagar. The move allows Infibeam to expand its digital payment and cross-border financial services in one of India’s most strategic fintech zones.

Arctic Wolf expands India operations

Global cybersecurity firm Arctic Wolf announced a major expansion of its India Global Capability Centre (GCC) with a new office in Bengaluru.

Having launched in India in 2024, the company has now grown to over 300 employees. The expansion will focus on strengthening R&D and building an AI-driven security operations practice. “Our rapid growth in India underscores the strength of local talent,” said Lisa Tetrault, SVP, Security Services, Arctic Wolf.

Supervity introduces AI Command Centre for finance teams

AI software startup Supervity unveiled its Accounts Payable AI Command Centre, an agentic automation platform that streamlines invoice capture, validation, and payments.

Early pilots showed up to 90% reduction in invoice cycle times, 50–70% fewer manual exceptions, and improved compliance and audit readiness — giving finance teams greater control without increasing headcount.

Culture Circle speeds up luxury delivery

Hype and luxury marketplace Culture Circle launched Insta Ship, a same-day delivery feature that lets customers receive premium sneakers and apparel within 24 hours. Featuring global brands like Nike, Dior, Louis Vuitton, and Balenciaga, the feature led to a 45% rise in orders and a 99% delivery success rate — signalling that India’s luxury buyers value both exclusivity and immediacy.

Advent International exits Aditya Birla Capital

Private equity major Advent International has fully exited its investment in Aditya Birla Capital, selling its 2.04% stake for Rs 1,638 crore through open market deals. The exit, executed via Jomei Investments Ltd, marks one of the larger secondary exits in the financial services sector this quarter.

India’s Startup Engine Keeps Roaring

From electric mobility and AI-led fintech to new-age dating apps and conscious consumer brands, India’s startup scene continues to thrive on innovation, ambition, and agility. As the year nears its close, today’s updates serve as a reminder — the country’s entrepreneurs are not just chasing valuations; they’re building the next wave of impact-led, tech-powered enterprises that will define India’s global standing in the decade ahead.