Startup news and updates: Daily roundup (June 11, 2026)

YourStory brings you today’s headlines with the latest developments across sectors.

Featured stories

PM Modi set to open Bharat Innovates 2026, featuring 120 Indian deeptech startups

Prime Minister Narendra Modi’s France visit will coincide with Bharat Innovates 2026 in Nice, where 120 Indian deeptech startups, leading universities, investors and policymakers will explore partnerships, innovation and global growth opportunities.

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Tsenta wants to make job applications faster, smarter, and a lot less manual

Y Combinator-backed AI-powered platform Tsenta helps candidates to apply to hundreds of roles in Fortune 500 companies in minutes, while tailoring resumes and cover letters for each job.

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Funding news

Deeptech startup Ethereal Machines raises $28.5M led by Avataar Ventures

Ethereal Machines, the Bengaluru-headquartered deeptech startup operating in the precision manufacturing space, has raised $28.5 million in a Series B funding round led by Avataar Ventures, with participation from Peak XV Partners and other investors.

The company plans to use the capital to expand its manufacturing facility, strengthen its software stack, advance technology development, build capabilities for the semiconductor sector, and support global expansion.

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Manam Chocolate raises $9M in Series A round led by Omnivore

Manam Chocolate has raised $9 million in a Series A round of funding led by Omnivore with participation from Turner Morrison consortium. The Hyderabad headquartered premium chocolate brand plans to use the funds for retail expansion in the Delhi-NCR region over the next one year.

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Dream Aerospace raises Rs 10 Cr in pre-Series A round

Dream Aerospace Technologies has raised ₹10 crore in a pre-Series A funding round led by 247VC, with participation from Campus Angels Network, Chandigarh Angels Network and other investors. The startup will use the funds to complete flight qualification of its ATOM thruster series and CUBEHOOD propulsion module, expand its production and testing facility at IIT Kanpur, and conduct the first in-orbit demonstration of the CUBEHOOD module in 2026.

The mission will receive technical support from ISRO under an existing MoU. Founder and CEO Hari Krishnan said the investment will help accelerate development of reliable propulsion solutions for the growing small satellite market.

Biodimension secures Rs 8 Cr funding

Bengaluru-based life sciences startup Biodimension has raised ₹8 crore in a funding round led by IAN Angel Fund, with participation from Campus Angels Network, Dr. Sampath Srisailam and other angel investors. The company will use the capital to accelerate product development, expand laboratory infrastructure, strengthen scientific and commercial teams, and support commercialization in India and overseas markets.

Founded by Manojkumar S., Ranjith Kumar Velusamy and Pradeep Arunachalam, Biodimension develops biofabricated human tissue and organoid models as alternatives to animal testing. Its solutions help pharmaceutical, biotechnology and cosmetics companies generate more predictive human data for research, safety testing and product development, enabling faster and more reliable decision-making.

QubeHealth-Pay closes Series A round

Healthcare payments platform QubeHealth-Pay has completed its Series A funding round at a valuation of ₹416 crore. Investors include Unicorn India Ventures, IA Growth Opportunities Fund, Brew Opportunities Fund, Finvolve Ventures, FirstPort Capital, and Maithan Family Office. The company operates a healthcare-focused fintech platform that allows users to pay medical bills across hospitals, clinics, pharmacies and diagnostic centres while earning rewards and accessing financing.

Qube also integrates employer health benefits, mutual fund savings and government direct benefit funds. The fresh capital will be used to strengthen its platform and expand operations beyond India into regions such as the Middle East and Southeast Asia, where out-of-pocket healthcare expenses remain a major challenge.

Madverse Music raises first institutional funding

Music technology company Madverse Music Group has secured its first institutional funding round led by Ahdritz Capital, with participation from investors including SumoSan Ventures, 10X Global and Marigold Capital. Founded in 2023 by Rohan Nesho Jain, Madverse provides AI-enabled infrastructure for music distribution, publishing, marketing and fan engagement.

The platform currently supports more than 2 lakh independent artists and labels across 45 countries and has facilitated over 3 billion streams. The company plans to use the investment to expand its AI-powered technology, rights management, distribution and artist services globally. Madverse works with artists such as Nucleya, Neeti Mohan and Rishabh Rikhiram while helping creators retain ownership and control of their content.

Other news

Vega Auto partners with Tageze on rider safety

Helmet manufacturer Vega Auto Accessories has announced a strategic investment and partnership with Pune-based emergency technology company Tageze Medical ID System. The collaboration aims to combine physical rider protection with digital emergency response capabilities. Tageze’s QR-enabled Medical ID Sticker allows riders to securely store medical and identification information that can be accessed instantly by first responders using a smartphone.

The companies believe the integration can improve emergency response times and provide critical medical information during accidents. While financial details were not disclosed, the partnership is expected to establish a new benchmark for rider safety by extending protection beyond traditional helmet functionality and enhancing post-accident support.

Tally startup challenge announces winners

Tally Solutions, in partnership with Startup India and DPIIT, has announced the winners of the inaugural Tally Startup Challenge under the Bharat Startup Grand Challenge. Focused on improving manufacturing productivity through technology, the competition attracted nearly 100 applications from startups across India.

Following a multi-stage evaluation process, six finalists were shortlisted. Resonating Mindz, founded by Avinash Manerahimatpurkar, emerged as the winner, while Digital Gemba, founded by Shashidhar Ranganath, was named runner-up. The challenge sought practical and scalable solutions to help manufacturers improve planning, operational efficiency and productivity. Tally said the initiative reinforces its commitment to encouraging innovation and supporting India’s growing startup ecosystem.

TakeMe2Space receives IN-SPACe support

Deeptech startup TakeMe2Space has secured support under IN-SPACe’s Technology Adoption Fund for developing StarSense, an indigenous AI-powered star tracker for satellites. The company aims to reduce India’s dependence on imported star trackers, which are critical sensors used for precise satellite orientation.

Having already space-qualified technologies through two orbital missions in 2024, TakeMe2Space plans to develop a fully flight-ready version of StarSense over the next 24 months. The project aligns with India’s Atmanirbhar Bharat initiative by promoting self-reliance in advanced space hardware. The company is also developing India’s first orbital data centre infrastructure and sees StarSense as a strategic addition to the country’s space technology ecosystem.

ideaForge expands drone-as-a-service adoption

Drone technology company ideaForge has successfully deployed its FLYGHT drone-as-a-service platform across more than 10 industries and government sectors. Since launching in 2022, the service has evolved into a full-stack platform delivering real-time aerial intelligence powered by AI analytics. Initially deployed with the Uttarakhand government for law enforcement and city management, the platform now serves sectors including mining, power, oil and gas, ports, fisheries and real estate.

Recent integration with C-DAC’s Emergency Response Support Systems enables automated drone dispatch during emergencies. The company said demand for drone-based intelligence continues to rise as organisations increasingly rely on aerial data for operational and strategic decision-making.

Astrobase receives IN-SPACe backing for rocket engine

Space infrastructure startup Astrobase has been selected under IN-SPACe’s Technology Adoption Fund to develop an indigenous 80-tonne full flow staged combustion LOX-methane rocket engine. The funding support will accelerate development of the engine, which is currently undergoing hot-fire testing at the company’s propulsion facility in Anantapur, Andhra Pradesh.

Astrobase operates a 46,000-square-foot assembly facility in Bengaluru and designs, builds and tests propulsion and launch vehicle systems domestically.

The company said the project represents an important step toward strengthening India’s space infrastructure capabilities and advancing indigenous rocket propulsion technology, reducing dependence on foreign systems while supporting the country’s expanding commercial space sector.

LetzRyd launches driver ownership programme

Mobility infrastructure startup LetzRyd has introduced LetzOwn, a driver ownership model aimed at helping commercial drivers become vehicle owners. The programme allows eligible drivers to access a new vehicle with low upfront contributions, avoiding the high down payments typically required under conventional financing. LetzOwn does not depend on traditional credit checks, collateral or income proof, making it more accessible to gig workers.

Participants can operate vehicles while building ownership over a 48-month period. The initiative also includes four years of free vehicle insurance, medical protection for drivers and their families, and EMI protection during emergencies. Upon completion of the programme, vehicle ownership is transferred fully to the driver, including registration documents.

JKSC partners with Japan’s CPA Excellent Partners

J.K. Shah Classes, a Veranda Learning enterprise, has signed an MoU with Japan-based CPA Excellent Partners to promote talent development and international placements for accounting and finance professionals. The partnership aims to strengthen Indo-Japan talent mobility by creating structured global career pathways for commerce students.

Both organisations will collaborate on curriculum alignment, skill development, recruitment initiatives, and career support services. The programme will provide opportunities not only in Japan but also across Southeast Asia, North America, Australia and the Middle East. The initiative is expected to help Indian commerce graduates access international roles while supporting employers seeking skilled finance and accounting professionals in multiple global markets.

Micro-content platform TADKA crosses 100M users on JioHotstar

TADKA, the premium micro-content platform on JioHotstar, has crossed 100 million users, highlighting the rapid growth of short-format mobile entertainment in India. The company said daily watch time per viewer has increased five-fold since launch. More than 42% of viewers are under 24 years old, while metro and Tier II cities each account for nearly 40% of total watch time.

Featuring over 100 original titles, TADKA offers vertical episodic content lasting between 30 and 60 seconds across genres such as romance, comedy, drama and sports. Available in multiple languages, the platform is helping expand content creation beyond traditional entertainment hubs to cities including Lucknow, Indore, Hyderabad, Bengaluru and Chennai.

ECLAT Health completes management buyout

Healthcare technology and revenue cycle management company ECLAT Health Solutions has completed a management buyout from private equity investor Gulf Capital, returning full ownership to its founders and management team. During the partnership, ECLAT expanded its service offerings and diversified into payer-centric risk adjustment and technology solutions.

The company grew its workforce from 450 to more than 4,000 employees across the US, India and the Philippines. ECLAT reported a tenfold increase in revenue and EBITDA, achieving a 75% EBITDA compound annual growth rate over five years. The company said the buyout marks a new phase of growth as it continues to strengthen its healthcare technology and services platform.

Turito partners with ACT Fibernet for AI learning

AI-powered education platform Turito has partnered with ACT Fibernet to bring personalised learning experiences to students across connected households. Through the collaboration, ACT customers will gain access to Turito AI Academy, a generative AI-powered learning platform that combines school academics with preparation for competitive and international examinations.

The platform offers round-the-clock AI tutoring, instant doubt resolution and customised learning pathways. It supports students from Grades 6 to 12 and covers exams such as IIT-JEE, NEET, SAT, ACT and AP. Turito said the partnership aims to make outcome-driven learning more accessible by integrating advanced educational technology with broadband connectivity and digital learning infrastructure.

Enlight Metals to expand capacity at Raipur facility

Enlight Metals plans to increase production capacity at its Raipur facility from about 1,200 tonnes to nearly 4,000 tonnes. The expansion is aimed at supporting growing demand across industrial and infrastructure sectors while strengthening the company’s contract manufacturing business.

The Raipur plant serves as a key manufacturing hub and incorporates modern production systems, digital monitoring and structured quality controls. The enhanced capacity is expected to improve operational efficiency, increase production flexibility and support larger projects. The company said the investment reflects its commitment to manufacturing excellence and long-term growth, while helping it better serve partners across multiple industries.

Opptra partners with Unicommerce for expansion

Opptra, the AI-native e-commerce distributor founded by Flipkart co-founder Binny Bansal, has partnered with Unicommerce to strengthen and scale its operations across India, GCC and Southeast Asia. The collaboration combines Opptra’s market expansion capabilities with Unicommerce’s AI-led commerce and fulfilment technology. Opptra manages end-to-end ecommerce operations for brands, including marketplace management, pricing, advertising, content and customer service.

Through the partnership, the company will use Uniware to manage orders, inventory and fulfilment across multiple regions through a unified dashboard. The firms said the integrated platform will help brands improve efficiency, accelerate market entry, and manage growth more effectively across diverse digital sales channels.

Seclore launches capability for data security

Data security company Seclore has announced the general availability of ARMOR DSPM, a new capability within its ARMOR platform designed to help enterprises discover, classify and protect sensitive data across business and AI environments. The solution uses Seclore’s Semantic Triad approach, analysing content, context and intent rather than relying solely on pattern matching.

According to the company, this reduces false positives and enables security teams to focus on high-risk exposures involving intellectual property, source code, trade secrets and regulated data. ARMOR DSPM begins data discovery and classification immediately after repositories are connected, eliminating lengthy training or manual rule creation. The platform also prioritises findings based on business risk to improve security decision-making.

TAPMI appoints Debasis Pradhan as director

T A Pai Management Institute (TAPMI), part of Manipal Academy of Higher Education, has appointed Dr Debasis Pradhan as its new director. Dr Pradhan brings over two decades of academic experience, including a long tenure at XLRI Jamshedpur where he served as Professor of Marketing and held several leadership roles. TAPMI said the appointment aligns with its commitment to strengthening academic excellence, research capabilities and industry relevance.

A noted scholar in marketing and consumer behaviour, Dr Pradhan has published more than 30 research papers in leading international journals. The institute expects his leadership to enhance TAPMI’s global standing and further its mission of delivering high-quality management education.

Pet treats brand Frostreats crosses Rs 1.36 Cr revenue milestone

Pet treats brand Frostreats has surpassed Rs 1.36 crore in revenue within 14 months of launch, reflecting growing demand for premium pet nutrition products in India. Founded in 2024, the company offers ready-to-serve ice creams for dogs made from lactose-free milk, natural ingredients and joint-support supplements. Frostreats has served more than 10,000 pets and reports a customer retention rate of 50%.

The brand currently operates across Delhi NCR, Mumbai, Chennai, Bengaluru and Dehradun, with expansion planned for Hyderabad and Chandigarh. Sales are driven through its website, food delivery platforms and retail partners, supported by a 70:30 online-to-offline sales mix and a network of over 50 retail and café partners.