Startup news and updates: daily roundup [June 29, 2026]

Mindfully Sorted is creating new paths for mental wellness as Incuspaze raised funding for expansion, YourStory brings you today’s headlines with the latest developments across sectors.

Featured news

How this woman entrepreneur is redefining mental wellbeing with Mindfully Sorted

With Mindfully Sorted, Sarmistha Mazumder is redefining mental wellness through immersive retreats and mindful travel experiences that encourage women to invest in themselves.

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Funding news

Incuspaze raises Rs 150 cr led by Bharat Value Fund

Managed workspace provider Incuspaze has raised Rs 150 crore in funding led by Bharat Value Fund and other financial institutions. Incuspaze will use this funding round towards strengthening its presence across key commercial markets, accelerating technology investments, pursuing strategic acquisitions, and preparing for its planned public listing in FY29.

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The Func. Lab raises $1.5M in seed funding

Nutrition-focused wellness startup The Func. Lab has raised $1.5 million in seed funding from strategic investors including Nisaba Godrej, Anand Piramal, Abhishek Nayar, Bhakti Modi, Harsh Parekh and Sahil Vora. The company will use the capital to accelerate product innovation, expand distribution, strengthen supply chain capabilities, and grow its presence across digital, quick-commerce and retail channels. Founded by celebrity fitness trainer Sohrab Khushrushahi, Sahil Kukreja and Daneesh Davar, The Func. Lab focuses on clean-label nutrition products with transparent ingredients. Its portfolio includes electrolyte mixes, whey protein isolates, whey protein concentrates and plant proteins, all formulated without artificial additives or proprietary blends and independently tested for quality and label accuracy.

The Capitalist Ventures secures Rs 10 Cr seed funding

Luxury commerce startup The Capitalist Ventures has raised Rs 10 crore in a seed funding round from angel investors to strengthen its presence in India's premium lifestyle market. The company plans to use the capital to expand its luxury product portfolio, boost customer acquisition, strengthen branding initiatives and enhance operational infrastructure.

Founded in 2025 by Satyaram Nadimpalli, the company operates The Plug, a sneaker and streetwear platform, and The Capitalist Concierge, a luxury concierge service catering to high-net-worth individuals. The startup aims to build a comprehensive luxury access ecosystem and expand its footprint beyond India into global luxury hubs including Dubai, Milan and Spain as demand for authenticated premium products continues to rise.

Lytmus AI raises Rs 5 Cr pre-seed round

Bengaluru-based edtech startup Lytmus AI has raised Rs 5 crore in a pre-seed funding round led by Boundless Ventures to strengthen its AI-powered learning platform for competitive exams. The startup will use the investment to enhance its AI capabilities, accelerate product development and expand student acquisition, initially focusing on NEET aspirants.

Founded in 2024 by IIT Bombay alumni Ajit Kumar and Praveen, Lytmus AI has developed AI mentors trained on the teaching methods of leading educators while maintaining personalised learning histories for each student. The platform identifies recurring mistakes, adapts explanations to individual learning styles and proactively recommends study paths, aiming to deliver a more customised and effective exam preparation experience.

Clairva raises $500,000 to build AI data infrastructure

AI data infrastructure startup Clairva Pte. Ltd. has raised $500,000 from Venture Catalysts' angel network to expand its licensed data platform for AI foundation models and robotics companies. The funding will help strengthen its licensed data supply network, deepen partnerships with content owners, enhance validation capabilities and expand commercial engagements globally.

Clairva is building structured, licensed datasets sourced from India, Southeast Asia and other Global South markets. The company has developed proprietary technology covering data ingestion, rights management, metadata generation, enrichment, quality validation and dataset packaging. Its goal is to transform raw content into commercially licensable, auditable datasets that can be used to train next-generation AI models responsibly.

Other news

Maruti Suzuki selects five startups under incubation programme

Maruti Suzuki India has selected five startups — MiniMines, Easework AI, Sarvam AI, Siftly and CodeMate AI — under the fifth cohort of its Maruti Suzuki Incubation Programme (MSIP) to develop solutions that improve operational efficiency and customer experience. Conducted in partnership with IIM Bangalore's NSRCEL, the programme enables startups to co-create technology solutions addressing real-world business challenges.

Over the past seven years, Maruti Suzuki has screened around 7,400 startups, engaged with more than 250 ventures and onboarded 38 as business partners. The company said the initiative reflects its continued commitment to fostering innovation by supporting emerging startups and integrating advanced technologies across multiple areas of its operations.

Salesforce expands AWS Marketplace availability in India

Salesforce has made its products available through AWS Marketplace in India, enabling enterprises to procure and deploy its AI-powered business solutions more easily. The offering includes Agentforce, Salesforce's AI agent platform, Data 360, Slack, Tableau Next, Agentforce Sales and Agentforce Service. The company said availability on AWS Marketplace will simplify software procurement through consolidated billing, customised pricing and centralised IT management. Salesforce said the move strengthens its long-standing partnership with Amazon Web Services and will help Indian enterprises accelerate digital transformation and adopt agentic AI capabilities securely. The collaboration aims to provide businesses with easier access to advanced AI and data solutions through a unified cloud marketplace.

Mindgrove Technologies partners Prama for indigenous surveillance chips

Mindgrove Technologies has signed a strategic memorandum of understanding with Prama India to deploy its indigenously designed semiconductor chips in CCTV surveillance cameras and advanced video security systems. Under the agreement, Prama will integrate Mindgrove's proprietary Vision System-on-Chip, developed under the Ministry of Electronics and Information Technology's Design Linked Incentive scheme, into its surveillance product portfolio. The collaboration also includes joint design and product development, with Mindgrove providing certification and regulatory support. The company said the partnership marks a significant step in commercialising India's homegrown semiconductor technology and demonstrates the transition of locally designed chips from laboratory validation to large-scale deployment across mission-critical security infrastructure and surveillance applications.

NeevCloud launches Agentic Studio for secure AI deployment

Sovereign AI cloud infrastructure provider NeevCloud has launched Agentic Studio, a managed sandbox environment designed for securely deploying, testing and scaling AI agents and code execution workloads. The platform enables enterprises to run AI-driven workflows in isolated, on-demand compute environments without exposing production systems.

Targeted at sectors such as banking, financial services, healthcare and government, Agentic Studio supports secure AI adoption while ensuring data sovereignty within India's digital infrastructure. The platform offers isolated execution environments, reproducible workflows, multi-agent orchestration, browser automation capabilities and on-demand compute resources. NeevCloud said the offering enables organisations to build and deploy agentic AI applications without relying on foreign cloud infrastructure.

DashLoc unveils AI-powered reputation management platform

MarTech company DashLoc has launched DashORM, an AI-powered online reputation management platform designed to help businesses strengthen their digital presence and customer trust. The solution enables enterprises to monitor reviews across search engines, maps, review sites and social media from a single dashboard while using AI-driven analytics to identify brand sentiment and reputation risks. DashORM forms part of DashLoc's broader enterprise software portfolio covering hyperlocal discovery, customer engagement, voice automation and digital growth management.

The company said the platform allows businesses to respond to customer feedback more efficiently, generate actionable insights and improve online visibility. The launch aligns with DashLoc's strategy of building an integrated AI-driven marketing technology ecosystem for enterprises.

Redesign Health expands India focus with healthcare AI investments

Global venture builder Redesign Health has announced plans to deepen its presence in India by investing in early-stage healthcare artificial intelligence startups. The company has partnered with healthcare-focused investment firm Sky Impact Capital and is raising a dedicated investment vehicle to support pre-seed and ideation-stage founders.

Redesign Health said it sees India as one of the world's most promising markets for healthcare AI innovation. Its platform will support entrepreneurs from concept development through commercialisation by providing product strategy, regulatory guidance, go-to-market expertise and global market access. The initiative aims to help Indian founders build scalable healthcare AI companies capable of serving both domestic and international markets.

ANNAM.AI launches national hackathon on AI in agriculture

ANNAM.AI, the Centre of Excellence for Artificial Intelligence in Agriculture at IIT Ropar, has launched HACK CORE 2026, a national AI hackathon in collaboration with Syngenta and Google. The competition invites innovators to develop AI-based solutions for crop health, pest management, soil intelligence, climate-resilient farming and wider adoption of biological products.

Winning teams will receive Google Cloud credits and an opportunity to visit Syngenta's research centre in Atessa, Italy. Participants will also gain access to mentorship from agronomy experts and industry leaders. ANNAM.AI said the initiative aims to encourage practical AI innovations that can improve agricultural productivity and accelerate technology adoption across India's farming ecosystem.

INERA Crop Science forms partnership with CropNXT

INERA Crop Science and CropNXT Solutions have entered into a partnership to combine INERA's science-led biological agri-input portfolio with CropNXT's robust distribution and value-chain strength across key agricultural markets in India.

The partnership is projected to unlock a business potential of around ₹500 crore, reflecting the significant market opportunity for science-led biological agricultural solutions across India. Over the course of the partnership, INERA and CropNXT aim to reach more than 65 lakh farmers through a network of over 5,000 channel partners and retail outlets, while expanding the adoption of biological agri-inputs across approximately 20 lakh acres of cultivated land. The partnership is aimed at helping smallholder farmers become more profitable, climate-resilient and better equipped for the next phase of Indian agriculture.

EBG Group signs agreement with POSCO for Daewoo brand

EBG Group, a diversified business group, has signed a brand licensing agreement with South Korean giant POSCO International for the Daewoo brand in the major domestic appliances category. Building on its existing association with Daewoo, the agreement enables EBG Group to accelerate the brand's retail, distribution, and market expansion plans across India. The partnership covers categories accounting for nearly 70 per cent of the home & kitchen appliances segment. As part of its expansion roadmap, EBG Group has committed an investment of Rs 100 crore over next three years towards product development, retail expansion, distribution network strengthening, localization initiatives, and the introduction of new appliance categories tailored to the evolving needs of Indian consumers. To support this plan, the company is building a retail and distribution ecosystem. EBG Group aims to establish a network of approximately 100 stores across India by 2027.

(The copy will be updated with the latest news)