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Tapaswi Group Launches Billennium Angels Diva Fund, A Women Centric Organisation
Mumbai based Tapaswi Group Ventures, announced the launch of the Billennium Divas Angel Fund, in collaboration with Navi Mumbai Angel Network (NAMAN.) Dedicated to women entrepreneurs and women centric startups, this Fund was soft launched by Bollywood actress, Shilpa Shetty Kundra, at the FICCI, “Road To GES.”
The Billennium Divas Angel Fund aims at encouraging and motivating women in all areas of work, primarily focusing on those who have founded their own startups. As a part of the launch, the Tapwasi Group announced their upcoming Startups Investors Summit, 2017.
As a part of the Summit, the group works at bringing together over 100 speakers, 500 + investors and up to 1000 startups from across the Globe. One of the main aims of the Summit is to increase the number of startup investors. Also, through the Summit, the Group works at increasing the startup culture in the country.
So far, the Indian startups were able to close more than 700 deals, with about 53% of the revenue going into two major ecommerce platforms, Flipkart and Amazon. Even though the numbers are promising, there are still over 60,000 startups which do not have access to a platform.
Tapaswi Group realized this gap and decided if ever, the time to make a change was now. Through the Summit, the group plans on expanding their reach to the 48% of women who do not have access to the facilities women from the cities do.
With the Billennium Divas Angel Fund, Tapaswi Group and Navi Mumbai Angel Network are looking to not only promote female entrepreneurship in Maharashtra but are ultimately aiming to uplift women in urban as well as rural areas across the State.
Commenting on the development, Tapaswi Patel, Chairman and MD of Tapaswi Group Ventures, said, “A staggering 100 million businesses are launched annually, according to figures from GEM Global Report (Global Entrepreneurship Monitor) – approximately 3 businesses every second or 11000 per hour. And of those “employer businesses”, about 60% are bootstrapped or funded by the founder; 30% are funded by friends and family and 10% are funded by angels. With regard to this 10%, in the US alone, there are more than 320K angels, while India has just over 3000 active angels.”
OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.
Beyond Moderation
AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:
- early risk detection
- human-centered intervention
- stronger emotional safety frameworks
This positions AI as more than an information tool—it becomes part of broader digital support systems.
Key Industry Impact
Trusted contact models could influence future safety standards across:
- AI assistants
- mental health platforms
- social media
- digital health services
The Bigger Challenge
While promising, success depends on balancing:
- privacy
- consent
- ethical intervention
- user trust
Final Take
This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
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