Startup news and updates: Daily roundup (November 11, 2025)

From PhysicsWallah’s runup to its IPO to Praan Health raising funds from Rainmatter Investments and others for geographical expansion, YourStory brings to you today’s headlines with the latest developments across sectors. 

Featured stories 

Strong anchor investor support paves the way for PhysicsWallah’s IPO

Edtech unicorn PhysicsWallah’s (PW) IPO has drawn strong attention from institutional investors. The company has allocated 14.34 crore equity shares to anchor investors at Rs 109 per share, raising close to Rs 1,563 crore. 

Prominent domestic participants include ICICI Prudential, Kotak Mahindra, Nippon India, Motilal Oswal, and Aditya Birla Sun Life fund houses. 

The public issue opens today, November 11, and closes on Thursday, November 13. 

Read more here. 

Fragrance and flavours company Sacheerome is powering FMCG majors 

Founded in the early 1900s as a saffron and musk trading business in Kolkata, Sacheerome transitioned into a fragrance-and-flavour research and development company. With robotic precision manufacturing and natural-ingredient innovations, it now supplies FMCG majors like ITC, Wipro, Raymond, Dabur Emami and Himalaya. The company also supplies to global customers across 30-plus countries. 

Sacheerome has a library of 10,000-plus fragrance and flavour formulations and its factory operates with an annual capacity of 15,000 metric tonnes. 

Read more here

Funding news 

GreenFi raises $2M in a round led by Transition VC 

AI-enabled risk management platform GreenFi has raised $2 million in seed funding round led by Transition VC. Senior banking executives from Singapore and the Middle East also participated in the round. 

Founded by Barun Chandran in 2023, GreenFi is reimagining how banks and enterprises manage ESG risk and compliance. The Kerala-based startup will be using the freshly raised funds to scale its global distribution network, strengthen its AI product innovations, and expand its presence across key markets like California, Europe, Southeast Asia, and the Middle East. 

Fulfillment startup QuickShift raises Rs 22 Cr in Pre-Series A round

D2C full-stack fulfilment service provider QuickShift has raised Rs 22 crore in its pre-series A round. The funding round was led by Atomic Capital with participation from Axilor Ventures and other marquee investors. 

QuickShift will be using the freshly raised funds to advance its AI-led fulfilment platform to simplify complex operations and create real-time decision-making for brands and businesses, enhance multi-channel programmes, strengthen its leadership and operational capabilities, and drive scale and customer growth. The startup also plans to expand across key markets in North and South India. 

Praan Health raises Rs 8.5 Cr from Rainmatter Investments and others 

Chronic care platform Praan Health has raised Rs 8.5 crore in a seed round led by Rainmatter Investments. WEH Ventures, and other angel investors, including PhysicsWallah’s Alakh Pandey and Prateek Maheshwari, and Arjun Vaidya (of Dr Vaidya’s). 

Founded in 2024 by Navneeth Ramprasad, the company is for users with parents aged 50 years and above. 

With the freshly raised funds, the platform plans to strengthen its product and technology capabilities, expand its clinical and coaching teams, and expand its service delivery across India. Praan will also use the funds to build health centres across Bengaluru, Hyderabad, Mumbai and Delhi-NCR. 

Enrission India Capital invests in Protouch 

Enrission India Capital, along with GVFL, has invested in Protouch, a fast-growing D2C beauty appliance brand. 

Founded by Tanisha Lakhani, Protouch offers innovative, high-performance beauty tech devices. The freshly raised investment will be used for Protouch’s next phase of growth, product innovation, and market expansion. Protouch aims to bridge the gap between affordability and premium performance, empowering individuals with salon-quality experiences at home.

Other news 

Swiggy expands 'Crew', expands to Bengaluru, Mumbai, and NCR

Swiggy is broadening its horizons beyond food and grocery delivery with Crew, a travel and lifestyle concierge service designed for India’s urban professionals.

Initially launched as a pilot, the service has now expanded to Bengaluru, Mumbai, and the NCR region. Crew assists users with everything from securing restaurant reservations and planning travel itineraries to organising events, gifts, Aadhaar updates, and airport transfers.

According to Rohit Kapoor, CEO of Food Delivery at Swiggy, the growing adoption reflects a broader shift among time-conscious consumers seeking AI-powered, human-assisted convenience. The platform aims to redefine urban living by merging efficiency with personalised experiences.

British International Investment and BlurOrchard launch $250M fund 

British International Investment (BII), the UK’s development finance institution, has partnered with impact investment manager BlueOrchard Finance to launch a new fund aimed at mobilising insurance capital to tackle the climate crisis in emerging markets. 

The BlueOrchard Climate Action Mobilisation Fund (BOCAMF) will provide senior loans to banks, microfinance institutions, and intermediaries financing climate projects for SMEs. BII plans to anchor the fund, part of its 100 million pound mobilisation initiative announced by UK Prime Minister Keir Starmer. 

Targeting over $250 million, the fund uses an innovative structure to attract insurers and institutional investors into climate-focused investments.

Hiranandani enters senior living with Rs 300 Cr project in Chennai

Hiranandani Communities, part of the Niranjan Hiranandani Group, has entered the premium senior living segment with Elements at Hiranandani Parks in Oragadam, Chennai. This is in partnership with GTB Group.

The Rs 300 crore project spans 4.5 acres and will offer 400 residences across two phases, with 2BHK (two bedroom-kitchen) units priced from Rs 60 lakh onwards.

Designed to provide holistic and wellness-focused living for seniors, the project will feature medical assistance, recreational facilities, assisted living options, and hospitality services. The development forms part of Hiranandani Parks’ larger plan to generate Rs 4,000 crore in topline revenue over the next five years across 100 acres in Oragadam.

Celcius Logistics appoints Nayan Sanghavi as CFO

Celcius Logistics, a tech-enabled cold supply chain solutions provider, has appointed Nayan Sanghavi as its Chief Financial Officer (CFO).

With over 24 years of experience in finance and logistics, including leadership roles at Allcargo Supply Chain and DHL Supply Chain, Sanghavi will drive financial transformation, operational efficiency, and strategic growth at Celcius.

Founder and CEO Swarup Bose said his expertise will strengthen the company’s financial foundation amid expansion. The company recently launched Celcius Green, India’s first fully electric refrigerated fleet, and Celcius+, a pharma-focused logistics division.

(The article will be updated throughout the day with the latest news and updates)