Startup news and updates: Daily roundup (June 12, 2025)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, June 12, 2025.
From Bold Care's 100 crore revenue milestone to Repello AI's funding. YourStory brings today’s headlines that highlight significant developments across industries.
Featured stories
Luck by D2C: How Bold Care sailed on quick commerce tailwind to reach Rs 100 Cr sales
In the sexual health and wellness industry, consumers had to conventionally trade privacy for access. While visiting a pharmacy remains an awkward proposition for many, ecommerce deliveries come with a time gap. All that changed with quick commerce.
The growth and popularity of quick commerce channels could not have come at a better time for D2C brands like Bold Care, which has clocked upwards of Rs 100 crore through online-only sales.
From silent watchers to smart eyes: How Enalytix is giving CCTV cameras a voice
Surveillance cameras are everywhere, yet they are silent observers. They watch, they record, but they don't respond. Rajul Tandon and Neerja Kumar, Co-founders of Noida-based startup, Enalytix saw an opportunity in that silence.
Founded in 2021, Enalytix is a B2B startup that develops AI in CCTV cameras, turning passive video footage into actionable intelligence. The company uses computer vision and machine learning to identify “events of interest” in video feeds, such as if a customer is being ignored in a store or a mismatch in food stock. These events are then converted into real-time alerts and data points, enabling businesses to track Key Performance Indicators (KPIs).
Latest news
Paytm shares tumble 10% as govt dismisses reports on merchant discount rates
Shares of One97 Communications, the parent company of digital payments platform Paytm, dropped as much as 10% to Rs 864.20 on the BSE on Thursday (June 12), registering their sharpest single-day decline since last year.
Funding news
Repello AI raises $1.2M in seed funding
AI security firm Repello AI has raised $1.2 million in seed funding from Venture Highway (acquired by General Catalyst), pi Ventures, Entrepreneur First and angel investors including Charles Songhurst, board member, Meta; Vivek Raghavan, CEO, Sarvam.ai; and Satya Vyas, CEO, Project Hero.
Repello AI will use the capital to accelerate product development and expand the platform’s red teaming and threat intelligence capabilities, to scale their go-to-market efforts and to build strategic partnerships and integrations that will fuel the company’s growth.
Repello AI also introduced its advanced AI security solutions—ARTEMIS and Repello Guard, that test AI systems by simulating real-world attacks to uncover vulnerabilities and provide actionable next steps for mitigation, enabling organizations to proactively safeguard their GenAI applications.
Machaxi raises $1.5M from Prakash Padukone, Rainmatter, others
Machaxi, a sports-tech company focused on coaching and digital sports infrastructure, has raised $1.5 million in a round led by Rainmatter. The round also saw participation from Indian badminton legend Prakash Padukone and existing investors.
The funding will help Machaxi scale its operations beyond Bengaluru into three new cities—Hyderabad, Pune, and Chennai.
PlutoPe raises Rs 5 crore
PlutoPe, a fintech startup offering non-custodial crypto wallet, has raised Rs 5 crore led by an Indian investor Manit Gupta, a family co-promoter and director of an IPO company worth $500 million.
This strategic funding will fuel PlutoPe's next phase of growth, aimed at expanding its global user base, deepening its presence in emerging and under-connected markets, and accelerating the delivery of seamless, user-first crypto financial tools.
Men’s ethnicwear brand Kisah secures Rs 13 crore to expand offline and D2C business
Men’s ethnicwear brand Kisah Apparels has raised Rs 13 crore in a Pre-Series A funding round, with plans to expand its offline presence, scale up direct-to-consumer (D2C) operations, and invest in brand-building.
The round was led by Sagar Daryani, Founder of Wow! Momo, along with Apoorv Salarpuria (Salarpuria Investments), Rahul Todi (CEO, Shrachi Group), Vinod Dugar (CEO, RDB Group), and Inflection Point Ventures.
Other news
Scapia launches credit card in partnership with Federal Bank
Fintech company Scapia has launched a unique credit card in partnership with Federal Bank.
Customers can avail credit via both VISA and RuPay for online, offline, UPI and international transactions in a single credit card statement. The fintech claims this to be the first-of-its-kind dual-network card that integrates the power of credit and UPI in a single seamless experience.
Cashfree Payments’ Secure ID launches AI-powered, multilingual video KYC
Cashfree Payments’ risk and verification arm, Secure ID, has launched an RBI compliant, AI-powered video KYC (VKYC) solution. Aimed to boost user conversions by up to 80%, the platform is built to empower NBFCs, banks, lending platforms, insurance companies, and other regulated entities to digitally onboard users pan-India, including Tier II and Tier III regions.
Happiest Minds appoints Anand Balakrishnan as Chief Financial Officer
Happiest Minds Technologies Limited, today announced the appointment of Anand Balakrishnan as its Chief Financial Officer (CFO).
In his role as CFO, Anand will be reporting to Venkatraman Narayanan, Managing Director of the Company.
CoinDCX Introduces Automated Crypto Trading for beginners and seasoned traders
Crypto exchange CoinDCX has introduced automated trading for crypto traders through a seamless integration with TradeTron.
This new feature allows traders to execute buy/sell orders automatically based on predefined strategies—without the need for manual intervention. Given that the crypto market operates 24/7, automation brings significant advantages by enabling round-the-clock execution and improved efficiency.
Edited by Jyoti Narayan