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  • The Bear House Secures INR 3 Crore Investment Deal from Namita Thapar on Shark Tank India

    The INR 3 crore investment includes INR 1 crore for a 1% equity stake and INR 2 crore as debt; this contemporary men’s apparel and accessories brand is expected to cross INR 140 crore in net revenue this year with over 40% year-on-year (YoY) growth

    In the latest episode of the business reality TV series Shark Tank India, aired on Sony LIV on March 13th, the co-founders of The Bear House, a contemporary men’s apparel and accessories brand specialising in smart casuals—Tanvi and Harsh Somaiya—have secured an INR 3 crore investment from Shark Namita Thapar.

    The investment deal from Namita Thapar, Executive Director of Emcure Pharmaceuticals, who is known for her expertise in scaling businesses, includes INR 1 crore for a 1% equity stake and INR 2 crore as debt. In the episode, which featured Sharks Namita Thapar, Anupam Mittal, Aman Gupta, Viraj Bahl, and Kunal Bahl, the couple impressed the judges with The Bear House’s profitability, scalability, and product offerings.  Shark Aman even described the brand as ‘too good to be true.’

    Shark Kunal Bahl also expressed interest and offered to invest INR 3 crore for a 3% equity stake at a INR 100 crore valuation. Harsh and Tanvi Somaiya felt Namita Thapar’s offer aligned better with their vision and decided to move forward with her when choosing between the two Sharks.

    This menswear brand, inspired by European fashion and known for its high-quality, minimalistic, and smart casuals designed for hybrid work cultures, received high praise from the investors.

    “Being on Shark Tank and earning the trust and support of the judges is a pivotal moment for The Bear House team! Having them experience our garments and believe in our business model through this investment validates our vision—giving Indian men the freedom to express their unique selves through our clothes, no matter where they go or what they do. This experience has solidified our reputation as a powerhouse in the menswear segment,” said Tanvi Somaiya, Co-founder of The Bear House.

    “Our philosophy has always been simple—our product is our brand ambassador!” added Harsh Somaiya, Co-founder of The Bear House.

    Having already established an offline presence in Delhi, Bengaluru, and Hyderabad this year, the brand aims to expand into other Tier I, Tier II cities, including Mumbai, Pune, and Chennai. It expects to surpass INR 140 crore in net revenue this year, with over 40% YoY growth.

    In addition to its strong presence on Myntra—where it holds the top spot in the casual shirts category—the brand is also available on Flipkart, Ajio, Tata Cliq, Nykaa, and Amazon. It is further expanding its reach through collaborations with hyperlocal quick-commerce platforms like Zepto.

    “Your story sounds too good to be true—but it’s not just a story; it’s your reality. Despite facing setbacks, you’ve emerged stronger, with a smile on your face and integrity intact. That resilience and commitment make me want to believe in you,” said Namita Thapar while making her offer.

    She maintained the brand’s INR 100 crore valuation, offering INR 1 crore for a 1% equity stake and INR 2 crore in debt at a 10% interest rate, repayable over five years.

    About The Bear House

    Founded in 2017 by Tanvi and Harsh Somaiya as a passion project, The Bear House has grown into a premium menswear brand known for its impeccable quality and versatile designs. Catering to discerning Indian consumers who seek effortless transitions between professional and social settings, The Bear House offers a curated range of smart casuals, including shirts, especially popular for its flannel shirts, t-shirts, bottoms, denims, polos, blazers, accessories, and footwear. Designed for modern Indian men who aspire to “Go Everywhere, Do Everything,” the brand seamlessly blends international craftsmanship with contemporary style. 

    The Bear House recently made waves on Shark Tank India, securing investment to fuel its next phase of growth. The brand, expected to cross INR 140 crore in net revenue this year with an anticipated 40%+ YoY growth, plans to reinvest the funding into online and offline expansion, along with strategic marketing initiatives leveraging Shark Tank’s reach. 

    The brand is currently accessible through its e-commerce-enabled website, www.thebearhouse.com, the brand’s own app, and a growing retail footprint. It operates through Broadway, which is a D2C multi-brand store, present in Delhi and Hyderabad. The brand also recently opened its first EBO in Bhartiya Mall of Bengaluru. Looking ahead, The Bear House aims to launch multiple EBOs in the coming year, further strengthening its presence in India’s fashion landscape—both online and offline.

     In addition to its existing partnerships with Myntra—where it holds the top spot in shirts—the brand is also available on Tata Cliq, Nykaa, Amazon, and other growing marketplace platforms. The brand is expanding further through new collaborations with hyperlocal quick-commerce platforms like Zepto, where it is already available.

    List of Namita Thapar Investments | Startups Funded by Namita Thapar of Emcure Pharmaceuticals
    Namita Thapar is Emcure Pharmaceuticals’ Executive Director and Shark Tank India judge. Check out the entire list of Namita Thapar’s investments in startups here.
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  • PhysicsWallah Strengthens Board with Three Independent Directors Ahead of IPO

    PhysicsWallah (PW), the renowned edtech unicorn, has appointed three independent directors to its board as it prepares for an initial public offering (IPO) later this year. The new appointees are Nitin Savara, Rachna Dikshit, and Deepak Amitabh.

    Strategic Board Appointments

    The inclusion of these independent directors is a strategic move to enhance corporate governance and align with regulatory requirements before filing the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). This step is crucial for companies transitioning to public entities.

    • Nitin Savara: Former Deputy Chief Financial Officer at Zomato, Savara brings extensive experience in financial management and corporate strategy.
    • Rachna Dikshit: A former Regional Director at the Reserve Bank of India (RBI), Dikshit has a deep understanding of regulatory frameworks and compliance.
    • Deepak Amitabh: An ex-bureaucrat with a background in the Indian Revenue Service (IRS), Amitabh has held significant positions, including leadership roles at PTC India and currently with the Adani Group.

    Board Composition and IPO Preparations

    Alongside the new independent directors, the board includes co-founders Alakh Pandey and Prateek Maheshwari, as well as Sandeep Singhal, Co-founder and Managing Partner at WestBridge Capital India Advisors. The board has also re-designated Alakh Pandey and Prateek Boob as whole-time directors from their previous role of executive directors.

    In December 2024, PhysicsWallah transitioned into a public entity, rebranding from PhysicsWallah Private Limited to PhysicsWallah Limited. This rebranding is a major milestone in the company’s journey towards its IPO.

    Financial Advisors and IPO Outlook

    The company has appointed Kotak Mahindra Capital, Goldman Sachs, Axis Capital, and JP Morgan as its listing bankers. These appointments are part of the strategic preparations for the upcoming IPO, which is expected to raise substantial capital to fuel the company’s growth and expansion plans.

    Recent Key Appointments

    In addition to strengthening its board, PhysicsWallah has made several key hires in recent months. In January, Ajinkya Jain was appointed as Group General Counsel, Company Secretary, and Compliance Officer. In November, Amit Sachdeva, former CFO of Blinkit, joined as Chief Financial Officer.

    PhysicsWallah Overview

    Founded by Alakh Pandey, PhysicsWallah has emerged as a leading edtech platform in India, offering affordable online courses and exam preparation materials. The company’s unique approach to accessible education has gained a strong user base and positioned it as a significant player in the edtech industry.

    As PhysicsWallah moves closer to its IPO, adding experienced independent directors shows its focus on strong governance and compliance. These steps highlight the company’s commitment to high standards as it prepares to go public.

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  • Amrut Energy Raises INR 100 Crores in Funding from Private Equity Investors

    Amrut Energy Pvt Ltd, a leading manufacturer of solar water pumps and renewable energy solutions from Ahmedabad, has successfully raised INR 100 crores in funding from private equity investors. This strategic investment will propel the company’s rapid growth, expand its manufacturing capabilities, drive research and development, and scale operations across underserved regions.

    With this funding, Amrut Energy is poised to further revolutionise the agricultural sector, drive economic growth, and create a positive impact on the environment. The investment will expand manufacturing capabilities, drive R&D, and scale operations across underserved regions, furthering India’s renewable energy transition.

    Founded in 2016 by Arvind Patel, Amrut Energy has emerged as a leader in India’s clean energy sector, transforming the agricultural landscape with its innovative solar-powered water pumps. By providing farmers with access to free and reliable electricity for irrigation, the company has reduced operational costs and promoted sustainable farming practices.

    Arvind Patel’s remarkable journey, from a farmer family in Gujarat to building a high-tech engineering and manufacturing company, is a testament to his vision and determination. His story serves as an inspiration to entrepreneurs and startups across India.

    About Amrut Energy Pvt Ltd

    Amrut Energy Pvt Ltd is a leading manufacturer of solar water pumps and renewable energy solutions headquartered in Ahmedabad, Gujarat. Founded in 2016, the company has grown to an INR 150 crore enterprise, making a significant impact in India’s clean energy sector.

    Amrut Energy has established itself as a leading manufacturer in the solar energy sector, offering a diverse range of products tailored to various energy needs:

    • Solar Panels: Specialising in both monocrystalline and polycrystalline solar photovoltaic modules, ranging from 40W to 450W, ensuring high efficiency and reliability.
    • Solar Water Pumps: Providing solar-powered submersible, monoblock, and openwell pump systems from 1hp to 50hp, designed for agricultural and community water supply applications.
    • Solar Street Lights: Manufacturing standalone, two-in-one, and all-in-one solar street lights with capacities between 9W and 150W, aimed at enhancing rural and urban infrastructure.
    • Solar Water Towers: Offering solar-powered water pumping and storage systems to address drinking water challenges in remote locations without piped water supply and electricity.

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  • Deepfake Detection Startup Neural Defend Secures Funding by Inflection Point Ventures, MIT SBXI, Techstars San Francisco

    • Neural Defend is a cutting-edge cybersecurity startup specializing in AI-driven, real-time deepfake detection.
    • The funds raised will be utilized for R&D and product development, strengthening its proprietary AI technology.
    • Neural Defend is currently conducting pilot projects in New York and Singapore, demonstrating its global applicability. 
    • Inflection Point Ventures (IPV) has invested over ₹800 Cr across 210+ startups.

    New Delhi, 13th March 2025: Neural Defend, an AI-driven cybersecurity startup, has raised over $600K in a Pre-seed round led by Inflection Point Ventures (IPV). The round also saw participation from MIT SBXI (Boston-based), Techstars San Francisco, and Soonicorn Ventures. The capital will be used to enhance its agentic AI capabilities for real-time, multimodal deepfake detection, further advancing its R&D efforts and product development.

    Founded in 2024, Neural Defend specializes in deepfake detection and cybersecurity innovation. With pilot projects already underway in New York and Singapore, the company is addressing the growing risks posed by AI-generated digital deception. The startup is poised to redefine identity protection and fraud prevention on a global scale. The company is led by Piyush Verma (CEO), Sivashankar Selvarajan (CTO), and Sumit Singh (Chief Data Officer). Piyush Verma, a two-time founder and former researcher at MIT, Harvard, and IBM R&D, has built impact-driven ventures with Fortune 500 Clients in the past. Sivashankar Selvarajan, an IIT, IIM graduate, and seasoned AI and cybersecurity expert, holds two patents in Face Anti-Spoof Detection and has won the Intel Edge AI Award. Sumit Singh has managed data pipelines worth over $200 billion while working with major clients like INVESCO through Publicis Sapient. Neural Defend has also been selected into the prestigious Techstars accelerator in San Francisco.  

    Vikram Ramasubramanian, Partner & CIO, Inflection Point Ventures, says, “It is no news that cyber threats are evolving rapidly, risking businesses and individuals’ privacy and finances. Neural Defend’s AI-driven approach to real-time detection perfectly aligns with today’s urgent need for robust cybersecurity and digital identity protection. At IPV, we back companies that solve critical challenges with scalable business models. Their vision and traction so far make them a compelling investment.” 

    Currently at the pre-revenue stage, Neural Defend is scaling its operations by engaging with global enterprises, fintech companies, and financial institutions for product validation and market expansion. With the rise of deepfake threats across industries, the company is well-positioned to drive the widespread adoption of its solutions. 

    What sets Neural Defend apart is its AI agentic, multimodal, real-time deepfake detection technology. Unlike traditional methods, its proprietary AI models detect deepfakes across multiple data formats, including video/image, audio, and real-time streams, ensuring robust fraud prevention for businesses and governments. 

    “Our goal is to protect real identities against digital deception through innovative AI agentic technology,” said Piyush Verma, CEO of Neural Defend.

    With MIT (Boston), IIT, and IIM alumni leadership, the startup is rapidly gaining traction among global enterprises and cybersecurity experts. Neural Defend is working with fintech companies and financial institutions, focusing on Video verification and KYC use cases. They have already achieved state-of-the-art benchmarks for their technology, demonstrating the effectiveness of their AI-driven fraud detection systems.

    With trillions of dollars at risk due to deepfakes globally, the cybersecurity industry is witnessing exponential growth. The demand for real-time AI-driven fraud detection solutions is rising, making Neural Defend’s cutting-edge technology highly relevant in today’s digital landscape.

    About Neural Defend

    Founded in 2024 by Piyush Verma, Sivashankar Selvarajan, and Sumit Singh, Neural Defend operates in India and San Francisco, USA. The company focuses on deepfake detection and cybersecurity innovation, leveraging AI agentic technology to offer scalable and resilient solutions. Backed by Techstars SF, MIT SBXI and Inflection Point Ventures, Neural Defend is working with global enterprises to enhance identity protection.

    About Inflection Point Ventures and Physis Capital

    Inflection Point Ventures (IPV) is an angel investing platform with over 23,500+ CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to invest in Pre-Series A to Series B growth-stage start-ups. The fund has already deployed capital in two startups so far, with a few deals in advanced stages of pipeline.

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  • Purple Style Labs, Owner of Pernia’s Pop-Up Shop, Raises $40M in Series-E Funding

    Mumbai, March 13th, 2025: Purple Style Labs (PSL), the parent company to Pernia’s Pop-Up Shop, has secured approximately $40 million in Series-E funding led by SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Bajaj Holdings & Investment and Minerva Ventures Fund, including by way of secondary investments. The funding round also saw participation from S Four Capital, Sopariwala Exports, Kemfin Family Office, Cordelia Family Trust, Weikfield Family Office, Salil Taneja Family Office, PKM Capital (Mehta Family Office), Satyen Kanoria, Ritesh Kamani, and several other designers, celebrities, sports personalities, and distinguished investors. 

    Noteworthy is the continued participation of existing investors such as Singularity Growth Opportunities Fund I, Neelesh Bhatnagar, Pidilite Family Office, Signet Family Office, Rupa Family Office, Kiran Gems Family Office, Utpal Sheth, Rahul Garg, Rahul Kayan, Utsav Mitra, Mukesh Sawlani, Vineet Gautam, Atul Gupta, amongst others.

    With respect to the funding round, Abhishek Agarwal, Founder of Purple Style Labs said, “Post acquiring Pernia’s Pop-Up Shop in 2018, we have scaled it over 100x in less than seven years, transforming it into one of India’s largest luxury fashion destination. Raising approximately $40 million in Series-E funding marks a pivotal moment in Purple Style Labs’ journey to further redefine India’s luxury fashion landscape. This capital infusion will fuel our aggressive expansion plans, both domestically and internationally, while strengthening our omnichannel capabilities to bolster the shopping experience for Indian fashion globally.”

    Since the strategic acquisition of Pernia’s Pop-Up Shop, PSL has established 15+ Pernia’s Pop-Up Shop experience centres globally, catering to womenswear, menswear, jewellery, and accessories. These stores span across major cities like Mumbai, Delhi, Bengaluru, Hyderabad, Kolkata, Ahmedabad, Chennai, Surat, Indore and an international store in Mayfair, London. 

    “Over the last two fiscal years, we have significantly scaled our retail presence across major cities and now, in 2025, we are set to launch India’s largest multi-designer luxury retail store at the iconic Ismail Building at Fort, Mumbai. Looking ahead, we are committed to expanding our footprint in key global fashion capitals like New York, Los Angeles, Dubai, Mumbai and Delhi, alongside deepening our presence in India with new stores in tier-II markets. With this strategic growth, our vision remains clear – to build India’s largest and most influential luxury fashion powerhouse, seamlessly bridging Indian craftsmanship and global luxury retail.” adds Abhishek.

    Purple Style Labs (PSL) has delivered a 100%+ CAGR growth between FY 21 to FY 24, with 500 Cr+ revenue in FY 2023-24 on a consolidated basis. Additionally, Pernia’s Pop-Up Shop garnered recognition by securing a spot on the Financial Times’ prestigious list of 500 high-growth companies in the Asia-Pacific region for 2023. 

    About Pernia’s Pop-Up Shop 

    Pernia’s Pop-Up Shop is one of the most sought-after destinations for bridal and occasion-wear, housing the nation’s leading couturiers and offering an exquisite curation of designer womenswear, menswear, jewellery, and more. It offers India’s renowned labels such as Tarun Tahiliani, Falguni Shane Peacock, Amit Aggarwal, Gaurav Gupta, Seema Gujral, Abhinav Mishra, Shyamal & Bhumika, and many others. There are over 15+ Pernia’s Pop-Up Studio experience centres globally across Mumbai (Juhu, Kala Ghoda, Bandra), Delhi (Mehrauli, DLF Emporio, Indian Handicrafts Emporio), Bengaluru (next to UB City), Hyderabad (Banjara Hills), Kolkata (Elgin Road), Ahmedabad (Near Iskcon), Chennai (KNK Road), Indore (AB Road), Surat (Dumas Road) & an international store in London (Mayfair). The forthcoming years will continue to witness massive domestic and global expansion.

    About Purple Style Labs

    Purple Style Labs (PSL) endeavours to build the largest Indian Luxury Fashion House. It acquired Pernia’s Pop-Up Shop in 2018 and scaled it extensively across different verticals, retail formats & locations, firmly establishing itself as one of India’s largest luxury fashion powerhouses. Along its journey PSL has raised funding from a variety of investors, including Binny Bansal, Akash Bhanshali, Mukul Agarwal, Girish Kulkarni, Navroz Udwadia, Harminder Sahni, Astarc Ventures, ValueQuest SCALE Fund, Yuj Ventures/Sid Yog, Hira Group Family Office, Madhuri Dixit, and Masaba Gupta, amongst others.

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  • Binny Bansal Launches Opptra to Help Brands Expand in Asia

    Flipkart cofounder Binny Bansal has announced his latest venture, Opptra, a tech-driven company designed to help brands scale across Asia through franchising. The company will focus on categories such as fashion and lifestyle, home and kitchen, and electronics, aiming to streamline market entry for brands looking to expand in the region.

    Opptra Logo

    Opptra has brought in senior executives from Amazon, Flipkart, and Swiggy to drive its operations. Ranjit Babu, former head of consumer electronics at Amazon India and CEO of Cloudtail, has joined as CEO of Opptra’s electronics and general merchandise vertical. Giridhar Yasa, previously CTO at Lendingkart, is now the chief product and technology officer, while Anand Raj, ex-Swiggy vice president, will lead global supply chain operations.

    Under Opptra’s umbrella, two franchising businesses have already begun operations:

    • Exporio, which supports fashion and lifestyle brands entering GCC markets.
    • Terraspan, which focuses on home and kitchen brands expanding into India, the GCC, and Southeast Asia.

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    The company stated that additional franchise businesses covering electronics, sports, baby care, and general merchandise are currently in development. The aim is to become a strategic partner for brands looking to expand into Asian markets, either as a master franchisee or a licensing partner.

    According to Opptra, these businesses will handle end-to-end operations, including product adaptation, regulatory compliance, omni-channel distribution, and manufacturing when necessary. The approach is designed to reduce friction for brands looking to enter new markets while ensuring operational efficiency.

    Bansal, who co-founded Flipkart with Sachin Bansal, formally stepped away from the Walmart-owned company in January last year. Since then, he has been actively investing in startups and scaling new ventures.

    With Opptra, Bansal is once again venturing into a high-growth segment, focusing on tech-enabled market expansion. While franchising is not a new concept, Opptra’s model of combining technology with deep operational expertise could make it a significant player in cross-border brand expansion

  • Elon Musk’s Starlink Partners with Jio and Airtel to Launch High-Speed Satellite Internet in India

    Elon Musk’s Starlink has joined forces with India’s leading telecom companies, Reliance Jio and Bharti Airtel, to bring satellite internet services to the country. These partnerships aim to enhance internet access, especially in remote and underserved regions.

    Reliance Jio, led by Mukesh Ambani, announced its agreement with SpaceX’s Starlink on March 12, 2025. This partnership plans to distribute Starlink’s satellite internet equipment through Jio’s extensive retail network across India. The collaboration looks to integrate Starlink’s satellite technology with Jio’s existing broadband services with the aim of providing reliable high-speed internet across India, including in the most remote areas.

    A day earlier, on March 11, 2025, Bharti Airtel, led by Sunil Bharti Mittal and India’s second-largest telecom operator signed a similar deal with Starlink. This agreement aims to explore the integration of satellite internet services into Airtel’s offerings. The collaboration focuses on enhancing connectivity for businesses, schools, healthcare centres, and rural communities. By combining Airtel’s ground infrastructure with Starlink’s satellite capabilities, the partnership seeks to bridge the digital divide in India’s underserved regions.

    Regulatory Approvals and Market Potential

    Both deals need approval from the Indian government. Starlink has been waiting for a license since 2022, mainly due to security concerns. The government prefers assigning spectrum instead of auctioning it, which matches Starlink’s view. These partnerships may help speed up Starlink’s approval in India.

    India presents a vast market for Internet services, with 40% of the population still lacking Internet access. The introduction of satellite-based internet aims to bridge this gap, providing connectivity in areas where traditional broadband services are challenging to deploy.

    Implications for the Indian Telecom Industry

    These partnerships mark a significant shift in India’s telecom industry. Despite previous disagreements over spectrum allocation methods, the collaborations indicate a unified effort to enhance connectivity across the country. Analysts view these tie-ups as beneficial for all parties, easing Starlink’s entry without clashing with local leaders. The deals coincide with broader political and economic cooperation between India and the US.

    Future Prospects

    The successful implementation of these partnerships could make the way for other ventures by Elon Musk, including Tesla, to establish a presence in India. They may also help address security concerns near sensitive borders by ensuring reliable communication. While pricing remains a challenge in a market with cheap mobile data, the impact on India’s digital growth could be huge.

    In conclusion, the agreements between Starlink and India’s telecom giants, Reliance Jio and Bharti Airtel, represent a strategic move to enhance internet connectivity across the country. By utilising satellite technology, these partnerships aim to bridge the digital divide, bringing high-speed internet to millions, particularly in remote and underserved regions.

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  • Simple Energy Expands Electric Two-Wheeler Lineup with Simple OneS

    • With a top speed of 105 km/h and acceleration from 0 to 40 km/h in just 2.55 seconds in Sonic mode, the Simple OneS stands as the quickest and longest-range electric scooter in its price category
    • The vehicle is powered by an 8.5kW PMSM motor and a 3.7 kWh fixed battery, delivering an efficient and enhanced riding experience.
    • With this launch, Simple Energy’s portfolio now consists of two vehicles: Simple One Gen 1.5 and Simple OneS
    • Available across all 15 Simple Energy showrooms in Bangalore, Goa, Pune, Vijayawada, Hyderabad, Vizag, and Kochi, the company aims to expand its retail operations with 150 new stores and 200 service centers across India by FY 2026 

    Bengaluru, March 12, 2025: Simple Energy, a clean tech startup, has expanded its electric two-wheeler lineup with the launch of the new electric scooter Simple OneS. Available at a competitive price of INR 1,39,999 (ex-showroom), the new scooter is designed to unlock innovation and affordability for the masses. Featuring the highest range in this price segment, Simple OneS delivers an IDC range of 181 km, enabling smooth intercity and intracity commutes of rural, semi-urban, and urban customers.

    With its latest addition, Simple Energy is set to redefine smart mobility by delivering continuously evolving, high-performance EVs that cater to a diverse range of customers—making sustainable and intelligent transportation accessible to all. Simple OneS will be available across all 15 Simple Energy showrooms in Bangalore, Goa, Pune, Vijayawada, Hyderabad, Vizag, Kochi, and Mangalore.

    Founded in 2019 by Suhas Rajkumar and Shreshth Mishra, Simple Energy has established itself as a leader in the industry by developing the longest-range electric two-wheeler. Its state-of-the-art manufacturing facility in Hosur, Tamil Nadu, boasts an annual production capacity of 150,000 vehicles. Simple Energy is backed by angel investors and family offices like Balamurugan Arumugam, Chief Growth Officer, Klarity – SaaS startup, Apar Industries’ promoters, the Haran family office, Dr A Velumani’s family office, and the Vasavi family office, among others.

    Speaking on the launch, Suhas Rajkumar, Founder & CEO, Simple Energy, said, “At Simple Energy, we believe that innovation is a journey, not a destination. And hence, we are absolutely elated to launch Simple OneS that gives you the best possible range under this price segment. Our focus has always been on pushing the boundaries of technology to create smarter solutions, and the scooter is a testament to that. With enhanced features and improved affordability, we are making premium EV technology within reach for more riders, ensuring a seamless and stress-free experience. As we move forward, our commitment remains the same— to drive the future of electric mobility and redefine the way India rides.”

    Simple OneS

    Simple OneS is a significant step-up from Simple Dot One with improvements across multiple key parameters. With an IDC range of 181 km and a top speed of 105 km/h, the scooter comes with 4 riding modes: Eco, Ride, Dash, and Sonic. It can go from 0 to 40 kmph in just 2.55 sec in Sonic mode. Powered with an 8.5kW PMSM motor and a 3.7 kWh fixed battery, the Simple OneS is the quickest and longest-range electric scooter in this price category. 

    OneS retains the much-loved aesthetic of Dot One but is quicker and more intelligent than its predecessor. Offering four color variants: Brazen Black, Grace White, Azure Blue and Namma Red, the vehicle also features 35 liters of underseat storage and a 770 mm seat height, enhancing the overall comfort. With an extended range and enhanced convenience features, OneS sets a new benchmark over Simple Dot One, delivering a smoother, more refined, and enjoyable ride.

    The new scooter will have a 5G e-SIM and Wi-Fi along with Bluetooth connectivity, allowing riders to manage phone calls on the 7” touchscreen dashboard. With a color depth of 16.7M, the dashboard offers customizable themes, app integration, turn-by-turn navigation, and over-the-air updates, enhancing rider convenience and connectivity. Features like Find My Vehicle, Tire Pressure Monitoring System (TPMS), and regenerative and rapid braking systems add an extra layer of security while optimizing ride performance. Alongside, the new Park Assist function, with both forward and reverse movement, makes maneuvering in tight spaces effortless.

    With the introduction of the Simple OneS, Simple Energy will be discontinuing the Simple Dot One, streamlining its portfolio to focus on delivering cutting-edge technology, superior performance, and an intelligent riding experience. With this launch, Simple Energy’s portfolio now consists of two vehicles: Simple One Gen 1.5 and Simple OneS.

    In February 2025, the company also launched the Gen 1.5 version of Simple One with an extended IDC range of 248 km, up from the 212 km range in Gen 1, making it India’s longest-range electric two-wheeler. As it continues to enhance its offerings, the company’s next focus lies in expanding its presence nationwide across 23 states with 150 new stores and 200 service centers.

    About Simple Energy

    Founded in 2019, Simple Energy is among India’s top three premium, smart electric vehicle companies. The Bangalore-based electric vehicle (EV) and clean energy start-up aims to redefine electric mobility in the country by making e-mobility solutions more accessible, accessible, secure, and comfortable to the end customer.

    The brand believes in innovating and developing everything in-house while adhering to high standards of integrity, quality, and transparency. From surface design to chassis design and battery development to motor development, the company has developed comprehensive ‘Made in India’ e-mobility products that address three major concerns: range anxiety, charging time, and affordability. The brand is dedicated to advancing the country’s sustainability goals and providing the best experience to its customers in transitioning from an ICE vehicle to EVs, thereby contributing to a greener and cleaner future.

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  • Ex-Zomato COO Surobhi Das and Deepinder Goyal Launch LAT Aerospace to Transform Regional Air Travel

    Surobhi Das, former Chief Operating Officer (COO) of Zomato, has teamed up with Deepinder Goyal, the CEO of Zomato, to launch LAT Aerospace, a new aerospace startup. Goyal has invested a million into the venture and will serve as a non-executive co-founder, while Das will oversee daily operations.

    LAT Aerospace aims to develop low-cost, short takeoff and landing (STOL) aircraft with up to 24 seats. These aircraft are designed to improve regional air connectivity by operating from small airstrips, thus reducing the need for extensive airport infrastructure.

    The startup is currently in stealth mode and is in discussions to raise an additional million in seed funding. They are actively recruiting engineers with expertise in aerodynamics, material sciences, and hybrid propulsion systems to bring their vision to fruition.

    How STOL Aircraft Can Transform Regional Air Travel

    STOL aircraft are distinct from traditional air taxis. They are smaller planes that require shorter runway lengths, making them suitable for regional travel. This design allows them to operate from compact ‘air-stops’ that are no bigger than a parking lot, eliminating the need for complex airport infrastructure.

    The development of STOL aircraft could revolutionise regional air connectivity. These planes can take off and land on shorter runways, allowing them to serve remote or underserved regions. This capability could lead to increased economic activity in these areas by improving access to markets and resources.

    LAT Aerospace’s Vision and Future Prospects

    LAT Aerospace aims to improve regional air travel with small, fuel-efficient aircraft. The company is bringing in specialists in aerodynamics, materials, and propulsion to develop planes that can operate on short runways.

    By building lightweight and cost-effective aircraft, the startup plans to reduce travel expenses and make air connectivity more viable in areas with limited airport infrastructure. Though still in its early stages, LAT Aerospace has the potential to reshape regional aviation in India.

    If successful, its STOL aircraft could set new benchmarks for regional air travel, influencing future aircraft design and operations.

    Conclusion

    Surobhi Das and Deepinder Goyal’s decision to launch LAT Aerospace marks a major move from food delivery to aviation. Their focus on affordable STOL aircraft could improve regional connectivity in India. With strong financial backing and a clear strategy, LAT Aerospace is set to play a key role in shaping the future of air travel.

  • Bessemer Venture Partners Raises $350 Million India Fund to Back Next-Generation of Startups

    • Second dedicated India fund builds on Bessemer’s nearly two-decade-long presence in the country and reinforces its commitment to supporting technology and innovation-driven businesses
    • The fund will focus on early-stage startups and support them through subsequent growth stages
    • Bessemer will focus on investments across AI, SaaS, fintech, digital health, consumer, and cybersecurity

    Bangalore, 12th March 2025: Bessemer Venture Partners today announced the close of $350 million in capital for its second dedicated India fund, reinforcing the firm’s long-standing commitment to backing founders in the region as they build enduring companies.

    The new fund will enhance the firm’s focus on early-stage investments across AI-enabled services and SaaS, fintech, digital health, direct-to-consumer brands, and cybersecurity. Bessemer has a long-standing history of partnering with companies early and supporting them through their growth. More than 80 percent of its investments in India over the last five years have been in early-stage companies.

    Speaking on the fund raise, Vishal Gupta, Partner and Managing Director of the firm’s Bangalore office, said, “This fund deepens our commitment to India’s startup ecosystem as we continue backing the next generation of entrepreneurs building technology-led businesses. We remain focused on identifying and investing in founders who are driving innovation, solving complex challenges, and building market-defining companies. Beyond providing capital, we bring deep sector expertise, a global network, and hands-on support to help founders navigate their growth journeys and scale sustainably.”

    Bessemer Partner Anant Vidur Puri added, “India is at the forefront of the AI-driven transformation, with founders building domestic as well as globally-competitive businesses across enterprise software, fintech, and consumer technology. As AI adoption accelerates, we see immense opportunities for innovation, and this fund allows us to back entrepreneurs shaping the next phase of India’s digital economy.”

    Bessemer first established its India presence nearly two decades ago in 2006 and has since invested in more than 80 startups in the country. The partnership’s strategy centres around being patient, long-term partners to visionary founders from the early stages. The firm has a history of taking a roadmap-driven investment approach that enables its investors to build conviction in emerging areas across industries before they become obvious and better help founders navigate evolving industry landscapes. This approach has led Bessemer to invest early in shifts in the market ,like the onset of the mobile revolution, India’s digital infrastructure, and its healthcare revolution, resulting in investments such as Urban Company, Perfios, and Medi Assist.  

    The firm’s first dedicated India fund backed notable startups including Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper, while its broader portfolio includes category leaders like BigBasket, Livspace, Perfios, Swiggy, and Urban Company. The firm has also seen nine IPOs within its India portfolio.

    With investment teams positioned across five countries, Bessemer is a globally integrated platform that is committed to supporting innovative startups and fostering the next generation of industry leaders.

    About Bessemer Venture Partners

    Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer, and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included ServiceTitan, Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more than $18 billion of assets under management.

    Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions and also learn from its mistakes.

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    StartupTalkyRishita Jain