Daily Indian Funding Roundup & Key News - 29 October 2026: Ace Blend Raises $9.91 Million, Shadowfax Q2 Profit Jumps Five Times
Ace Blend raised $9.91 million and seven more startups closed rounds, as Shadowfax and Pine Labs posted strong Q2 profits and the Cabinet cleared an INR 10,000 crore container scheme.
Eight funding rounds were announced on 29 October 2026, in sectors ranging from nutrition and mental health care to defence tech and manufacturing. 3one4 Capital, Alkemi Growth Capital and Rainmatter were among the day's lead investors. Shadowfax and Pine Labs also reported strong jumps in their Q2 profits.
Daily Indian Startup Funding Roundup - 29 October 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Ace Blend | Nutrition | $9.91 Mn | Series A2 | 3one4 Capital |
| Jagruti Rehabilitation Centre | Healthcare | ₹28 Cr | Series A | Alkemi Growth Capital |
| Coratia Technologies | Defence Tech | ₹18 Cr | Bridge | MGF Kavachh |
| Docterz | Healthtech | ₹5 Cr | Undisclosed | Doctor-Investors, Vineeta Singh, Avnish Anand |
| Tensrai | Robotics | ₹3.4 Cr | Pre-Seed | India Accelerator, Finvolve, Hyderabad Angels |
| Venttup | Manufacturing | $3 Mn | Pre-Series A | Rainmatter, Unicorn India Ventures |
| ISLAND Beauty | Skincare | ₹2.58 Cr | Undisclosed | AJVC |
| Viridian Ingni Propulsion | EV Components | ₹1.47 Cr | Pre-Seed | Inflection Point Ventures |
Ace Blend Raises $9.91 Million in Series A2 Round Led by 3one4 Capital
Ace Blend raised $9.91 million in a Series A2 round led by 3one4 Capital, with existing investor Fireside Ventures increasing its stake. The company will use the money for research-led product development and new nutrition formats.
Founded by Shivam Hingorani, with Saif Mehkri joining as co-founder in 2022, Ace Blend makes nutrition products backed by clinical evidence. Its range covers areas such as heart health, immunity and sleep. The company says it grew 300% in FY26.
Jagruti Rehabilitation Centre Raises INR 28 Crore in Series A Round Led by Alkemi
Jagruti Rehabilitation Centre raised INR 28 crore in a Series A round led by Alkemi Growth Capital. The company will use the money to enter new regions, add clinical staff, build specialised care programmes and strengthen insurance and corporate partnerships.
Founded by Amar Shinde, Vijaya Shinde and Hemant Shinde, Pune-based Jagruti provides residential care for mental health conditions, addiction and dementia. It runs more than 19 centres across nine cities with over 1,600 beds. The company plans to grow to more than 40 centres in the next three to four years.
Coratia Technologies Raises INR 18 Crore in Bridge Round Led by MGF Kavachh
Coratia Technologies raised INR 18 crore in a bridge round led by MGF Kavachh. The company will use the money to deliver an INR 66 crore Indian Navy contract, develop new products and scale up manufacturing.
Founded in 2021 by Debendra Pradhan and Biswajit Swain, Odisha-based Coratia builds underwater robots for defence and infrastructure. Its flagship robot, Jalasimha, can inspect dams, ports, bridges and pipelines. Its clients include the Indian Navy, Indian Oil and Tata Steel.
Docterz Raises INR 5 Crore From Vineeta Singh, Avnish Anand and Doctor-Investors
Docterz raised INR 5 crore from about 35 investors, including SUGAR Cosmetics co-founder Vineeta Singh and CaratLane co-founder Avnish Anand. Around 20 doctors who use the platform put in nearly INR 3 crore. The company will use the money to grow, make acquisitions and build AI tools for doctors.
Founded by paediatrician Dr Atish Laddad, Docterz offers software that helps clinics manage patient records, appointments, billing and vaccinations. It is building AI tools for paperwork and patient follow-ups. More than 5,000 doctors across India use the platform.
Tensrai Raises INR 3.4 Crore in Pre-Seed Round
Tensrai raised INR 3.4 crore in a pre-seed round from India Accelerator, Finvolve, Hyderabad Angels and other angel investors. The startup will use the money to build its technology and team and expand in India and abroad.
Hyderabad-based Tensrai builds a platform that lets existing robots, vehicles and machines work on their own. It can be fitted to equipment used for moving goods and cleaning in factories, warehouses, airports and hospitals. The company was founded by Sai Nikhil Rao Gona, Venkata Sai Charan Chalamalasetty, Harshith Uppalapati and Vivek Datta.
Venttup Raises $3 Million in Pre-Series A Round Led by Rainmatter and Unicorn India Ventures
Venttup raised $3 million in a pre-Series A round led by Rainmatter by Zerodha and Unicorn India Ventures. The company will use the money to grow its engineering team, invest in precision manufacturing and use AI for sourcing.
Founded in 2022 by Sandeep Nair, M. Wasim Ankli and Joseph Panakkal, Venttup designs and makes precision parts for energy, defence, aerospace and data centre clients. It is incubated at Kerala Startup Mission and is setting up a factory in Bengaluru. Its revenue grew five times to INR 10 crore in FY26.
ISLAND Beauty Raises INR 2.58 Crore From AJVC
ISLAND Beauty raised INR 2.58 crore from AJVC. The brand will use the money for product development, brand awareness and winning new customers.
Founded in 2023 by singer Shirley Setia, Jinsoon Lee, Mayank Jain and Sakshi Jain, ISLAND Beauty mixes Korean ingredients with formulas for Indian skin. Its range includes cleansers, toners, serums and moisturisers. The brand plans to expand its product range over the next three years.
Viridian Ingni Propulsion Raises INR 1.47 Crore in Pre-Seed Round Led by IPV
Viridian Ingni Propulsion raised INR 1.47 crore in a pre-seed round led by Inflection Point Ventures. The startup will use the money to move from prototypes to pilot production, get its motors certified and make its first customer deliveries.
Founded in February 2024 by Sriram G., Chennai-based Viridian makes electric motors and controllers for EVs, drones, robots and machinery. Its motors for e-rickshaws and two-wheelers do not use rare earth metals. The startup has letters of intent for 350 motors from two customers.
Muskaan Kapoor
Key Business News for 29 October 2026
Shadowfax's Q2 FY27 Profit Jumps Five Times to INR 68 Crore
Logistics company Shadowfax reported a profit of INR 68 crore for Q2 FY27, up from INR 13 crore a year earlier. Its revenue from operations rose 56.6% to INR 1,538 crore.
Profit was only slightly higher than INR 65 crore in the previous quarter. Shadowfax's market value stood at about INR 17,112 crore.
Pine Labs' Q2 FY27 Profit Rises to INR 39 Crore, Revenue Up 24%
Payments company Pine Labs reported a net profit of INR 39 crore for Q2 FY27, up from INR 6 crore a year earlier. Its revenue from operations rose 24% to INR 806 crore.
Its digital infrastructure and transaction business brought in INR 532 crore, about two-thirds of revenue. Revenue from its card issuing and acquiring business grew 31% to INR 275 crore.
Freshworks Acquires Israeli AI Startup Robusta
Freshworks has acquired Robusta, an Israeli AI startup whose agents find the root cause of IT outages and suggest fixes. The deal value was not disclosed.
Freshworks will add Robusta's tools to Freshservice, its IT service management platform. Earlier this month, it agreed to buy Israeli SaaS management firm Torii.
Cabinet Approves INR 10,000 Crore Scheme to Boost Container Manufacturing
The Union Cabinet has approved the INR 10,000 crore Container Manufacturing Promotion Scheme to build a domestic container industry. The scheme will run until FY 2039-40.
It will offer interest support on loans for new factories and help manufacturers close the price gap with imports. The government aims to raise India's container-making capacity about tenfold to 7.5 lakh units a year. It expects the scheme to create about 3,000 direct jobs.
