Startup Funding

MapmyIndia to acquire 6% stake in indoor navigation startup Iwayplus for Rs 2 crore

Listed geospatial technology major MapmyIndia is acquiring a minority stake of about 6.06% in indoor navigation startup Iwayplus for Rs 2 crore, as part of its strategy to back emerging technologies and deepen its location intelligence capabilities. In a regulatory filing on January 12, 2026, MapmyIndia said its board approved the investment through the purchase of 3,500 compulsorily convertible preference shares (CCPS) in Iwayplus, representing 6.06% shareholding on a fully diluted basis. The investment will be made in cash and may be completed in one or more tranches within three months. The company said no government or regulatory approvals are required for the transaction. The acquisition does not fall under related party transactions, and the promoter group has no interest in the target entity, according to the filing. Founded in December 2022 by Vikas Upadhyay and Pulkit Sapra, Iwayplus is an indoor navigation and wayfinding startup that develops and deploys technology solutio...

Startup Funding

SNAM Group, others invests $4 million in footwear brand Neeman's

SNAM Group of Companies, through its investment arm SNAM Solutions, has led the Series B2 fund raise in footwear brand, Neeman's. Founded by Taranjeet Singh Chhabra and Amar Preet Singh in 2017, Neeman's has raised $4 million (approx Rs 35.5 crore) in its latest round, with SNAM Group leading the fundraise by investing Rs 16 crore and participation from existing investors, Anicut Capital, Enam Investments and Harsh Mariwala's Sharrp Ventures. Managing Partner at SNAM Solutions, Adhvith Dhuddu, who oversees venture investments at SNAM Group shared, "The India consumer journey is alive and kicking, and we're always looking for new age, scalable businesses to partner with. Our analysis showed that Neeman's is at an inflection point in its growth journey and we are thrilled to be joining them as they shift gears to scale profitably over the next few years. The values shared by Neeman's founders also resonated with us and we felt this is a great time to back their journey and are excited...

Startup Funding

Good Farmer Food Concepts raises $1.5 million for Maverick & Farmer Coffee and Square Burgers & Co.

Good Farmer Food Concepts, the company that founded artisanal coffee brand Maverick & Farmer Coffee and Square Burgers & Co., has raised $1.5 million in an ongoing pre-Series A funding round. The round was led by investment firm CreedCap, with participation from Indian tennis star Rohan Bopanna and former Indian cricket team captain Rahul Dravid, along with Meraki Sport & Entertainment. It will use the fresh funds to expand its national presence with its cafes, invest in R&D and production infrastructure, and bolster and grow the brand’s retail vertical. The retail segment focuses on creating various SKUs of specialty coffee roasts and nurturing the home brewer experience by curating a variety of equipment. The brand’s new outlets in the pipeline are in Mumbai, Delhi NCR, Goa, and Bangalore. It currently operates seven outlets in Bengaluru and Goa and expects to reach ten by the end of the year. Founded by Ashish D’abreo, Sreeram Gangadharan, and Tej Thammaiah, Good Farmer Food Conc...