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13 May 2025
Curefoods Acquires Pan-India Rights for Krispy Kreme, Expands Nationwide Footprint
Curefoods has acquired the pan-India rights for Krispy Kreme, taking over 11 outlets in Delhi-NCR—seven retail stores and four cloud kitchens. This expansion increases Curefoods' Krispy Kreme presence to over 100 locations across India, including dine-in and cloud kitchen formats. The company plans further growth into western markets like Mumbai, aiming to unify brand strategy and customer experience nationwide.
13 May 2025
JSW One Platforms Becomes Unicorn with ₹340 Cr Funding to Empower MSMEs
JSW One Platforms, the B2B e-commerce arm of JSW Group, has raised ₹340 crore in a funding round led by Principal Asset Management, OneUp, and JSW Steel, elevating its valuation to $1 billion and entering the unicorn club. The capital will bolster its supply chain in steel and cement, expand logistics networks, and scale fintech and NBFC services to enhance credit access for over 500,000 MSMEs across India.
13 May 2025
Biryani Blues Secures $5M to Launch 100 New Outlets Across North India
Gurugram-based quick service restaurant chain Biryani Blues has raised $5 million (approximately ₹42 crore) in a pre-Series C funding round led by Carpediem Capital's new fund, Yugadi Capital. The investment values the company at $30 million and will support its plan to open over 100 new outlets across North India over the next three years. Currently operating 68 outlets, Biryani Blues achieved EBITDA profitability in FY25 with revenues reaching ₹85 crore. The company aims to enhance its operations, logistics, and human resources as part of its expansion strategy.
13 May 2025
Hyperbots Raises $6.5M Series A to Revolutionize Mid-Market Finance Automation
Hyperbots, an AI startup specializing in finance and accounting automation, has secured $6.5 million in a Series A funding round co-led by Arkam Ventures and Athera Venture Partners. The round also saw participation from JSW Ventures, Kalaari Ventures, Sunicon Ventures, and Darashaw & Company. Founded in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, Hyperbots develops agentic AI co-pilots that streamline core finance workflows such as procure-to-pay, order-to-cash, and expense management
13 May 2025
Flam Raises $14M Series A to Scale AI-Powered Mixed Reality Experiences
San Francisco and Bengaluru-based AI startup Flam has secured $14 million in a Series A funding round led by RTP Global, with participation from Dovetail and other strategic investors. Founded in 2021 by Shourya Agarwal and Malhar Patil, Flam specializes in delivering high-fidelity mixed reality (MR) experiences accessible via mobile devices without the need for app downloads or browser redirects. The company's proprietary AI infrastructure enables real-time digital, 3D, and MR experiences in under 300 milliseconds, making it scalable and accessible for enterprises worldwide.
13 May 2025
Amazon-Backed More Retail Plans ₹2,000 Cr IPO to Expand Store Network and Reduce Debt
More Retail, a supermarket chain backed by Amazon and Samara Capital, plans to raise ₹2,000 crore through an initial public offering (IPO) expected between April and December 2026. The IPO will primarily consist of a fresh issue of shares, with promoters retaining their stakes. Proceeds will fund the expansion of More's store network from 775 to 3,000 outlets by 2030 and reduce existing debt from ₹500 crore to ₹250 crore.
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