Startup Funding

ISN Exclusive: Hyderabad’s popular brand Manam Chocolate in talks to raise maiden VC funding round

As more consumers crave sweets and satiate their sweet tooth, more businesses, building in the space, are mushrooming. And venture capital interest in piquing, too. Manam Chocolate, a Hyderabad-based extremely popular chocolate brand, is in the advanced stages of raising its maiden funding round from Omnivore VC, sources with confidential information told IndianStartupNews (ISN). “The round should not exceed $5-10 million as per current deal negotiations but could be larger if the two sides agree there is more capital needed to hyperscale the business and take operations to several other regions,” ISN has learnt from a source. Manam – meaning ‘We’ or ‘Us’ in Telugu – was founded in 2023 and has a great recall among consumers. It owns the full stack from growing its own cacao to retail stores. “The chocolate most of us have grown up on is made by big industrial brands who, sadly, sacrifice the soul of chocolate for the sake of standardisation,” the brand says on its website establish...

Startup Funding

Fintech lender Kissht gets SEBI clearance for Rs 1,000-crore+ IPO; Vertex Ventures, others to sell shares

Lending technology startup Kissht has received regulatory clearance from the capital markets regulator SEBI to proceed with its initial public offering (IPO), marking a key milestone ahead of its proposed listing. The Securities and Exchange Board of India (SEBI) issued its observations on the company’s draft papers to its parent entity, OnEMI Technology Solutions Ltd, on January 8, which in regulatory terms signifies approval to launch the public issue. Kissht had filed its draft red herring prospectus (DRHP) in August 2025, proposing to raise up to Rs 1,000 crore through a fresh issue of equity shares. The IPO will also include an offer for sale of up to 8,879,575 equity shares by existing shareholders. As per the DRHP, selling shareholders include Vertex Ventures, Ventureast Proactive Fund, Endiya Seed Co-creation Fund, AION Advisory, and Ammar Sdn Bhd. The company has also stated that it may undertake a pre-IPO placement. If such a placement is completed, the size of the fresh i...

Startup Funding

Kalam Labs pitches near-space vehicles at a Rs 300 crore valuation; here’s how Aman Gupta responded

Kalam Labs, a near-space aerial vehicle research startup founded by three BITS Pilani graduates, drew admiration on Shark Tank India Season 5 as its futuristic pitch collided with tough valuation. The founders—Ahmad Faraz, Sashakt Tripathi, and Harshit Awasthi sought Rs 2 crore for 0.67% equity, valuing the company at Rs 300 crore. Kalam Labs develops near-space aerial vehicles capable of operating at altitudes of up to 43 kilometres, positioning them as a cost-effective alternative to satellites. During the pitch, the founders showcased footage of their launches and explained that the vehicles have been deployed for weather monitoring by the India Meteorological Department (IMD) and for surveillance-related applications with the Indian Army. The founders stated that Kalam Labs has completed over 60 launches, filed a patent, and is in the process of executing a Rs 1 crore order, with potential defence procurement expected to begin at Rs 150 crore. They also revealed that the company...

Startup Funding

‘Yummy in my tummy’: Sharks Anupam Mittal and Aman Gupta bets on Goat Life with Rs 2 crore funding

Goat Life, an oats startup targeting young consumers, has secured Rs 2 crore on Shark Tank India Season 5 after founder Yash Kalra won over investors with a combination of product appeal and Gen Z brand positioning. Founded by 26-year-old Yash Kalra, Goat Life focuses on high-protein oats that can be prepared in 30 seconds. The brand currently offers flavours such as mocha, tiramisu, mango, choco-nut, kulfi, cookies and cream, hazelnut, and strawberry swirl, with each serving delivering 10 to 20 grams of protein. Launched in July 2023, Goat Life was started with an initial capital of Rs 5 lakh, comprising a grant and Kalra’s personal investment. Before this venture, Kalra had founded Wisegg, a ready-to-drink egg-white beverage startup that was shut down due to shelf-life limitations. As the Sharks sampled the product during the pitch, Anupam Mittal responded positively to the taste, remarking, “Yummy in my tummy,”. Aman Gupta, meanwhile, highlighted the brand’s youth-centric appeal ...