Funding
Zomato Valuation Increased To $1.4 Billion By Nomura
Restaurant discovery and online food ordering platform Zomato Media Pvt., Ltd., was valued at $ 1.4 billion by equity research firm Nomura Financial Advisory and Securities (India) Pvt., Ltd. The restaurant discovery platform is currently in talks with Chinese payments firm Ant Financial Services Group to raise $ 100 – $ 200 million.
The valuation was hiked from $ 1 billion to $ 1.4 billion by the equity research firm based on the last fund exercise taken up by the company in September 2015. According to Nomura’s report, Zomato’s revenues could grow 6.5 times to more than $300 million between the financial year 2017 to 2022. Nomura analysts Ashwin Mehta and Rishit Parikh, also suggested Zomato might be the only globally scalable Indian player with the potential to target expansion across the entire restaurant value chain while demonstrating growth with low customer acquisition costs.
As per several media reports, the restaurant discovery platform is likely to be valued at $ 800 to $ 900 million in its new fundraising round with Alibaba Group’s financial arm Ant Financial. In response to the hike in valuation, a Zomato spokesperson said, “We feel happy to see our work being recognized and validated by a renowned name like Nomura.” The valuation of the company was questioned last year when market participants argued that competitive pressure and high cash burn did not support its high valuation. The company disputed their valuation of $ 500 million by HSBC Securities and Capital Markets (India) Pvt., Ltd., in May 2016, citing the company had plenty of cash “and its unit economics are really good.” The company claimed their sales had doubled over the past nine months and cash burn was down 70% from its peak.
Zomato’s sales increased by 80% to $ 49 million in the financial year 2016 – 2017 as a result of growth in the advertising and food delivery business. Founded by Deepinder Goyal and Pankaj Chaddah in 2008, the platform currently operates in 24 countries including Australia and United States.
Watch the inspirational journey of Zomato and its founder Deepinder Goya here –
Funding
Dazzl Raises $3.2M Seed Funding Led by OYO’s Ritesh Agarwal for AI Skincare Expansion
Bengaluru, January 13, 2026 Dazzl, the D2C beauty startup revolutionizing AI personalized skincare India, secured $3.2 million in seed funding led by OYO founder Ritesh Agarwal’s venture arm. Co-investors include Snapdeal’s Rohit Bansal and Fireside Ventures, valuing Dazzl at $15 million post-money. Founded in 2024 by IIT alumni Priya Singh and Arjun Mehta, the app uses smartphone scans for custom serums, boasting 50,000+ users and ₹5 crore ARR amid India’s $25 billion beauty market surge.
Ritesh Agarwal praised Dazzl’s tech: “Personalization is beauty’s future, like OYO’s guest model.” Funds target R&D for 100+ skin profiles, Gujarat manufacturing under PLI, Instagram/Nykaa campaigns, and 50 hires. In a 20% YoY growing sector (Redseer 2025), Dazzl edges Mamaearth and Plum with 95% AI precision, 90% natural formulas, ₹499 kits, 65% retention (vs. 40% avg), and viral TikTok traction in 10 cities.
D2C beauty startup Dazzl tackles regulations via FSSAI compliance, eyeing $10B e-commerce beauty by 2028 and MENA exports. Q2 haircare launches and Series A loom, with Agarwal’s backing signaling unicorn potential for sustainable beauty products India. Dazzl blends AI with clean beauty for 500M+ consumers.
Funding
Yali Capital Makes History with ₹893 Crore Deeptech Fund to Power Indian Innovation
Bangalore’s Yali Capital has closed its first deeptech-focused fund, raising a substantial ₹893 crore (about $104 million) and surpassing its initial ₹500 crore target. This major fundraising milestone highlights the growing appeal and investor confidence in India’s deeptech landscape, fueling innovation in pivotal sectors like semiconductors, artificial intelligence, robotics, aerospace, genomics, and smart manufacturing. The fund cements Yali Capital’s position as a key player driving progress in India’s burgeoning tech ecosystem.
Strategically, Yali Capital’s fund targets both early-stage (Seed, Series A) and later-stage (Series D and beyond) startups. Its diverse roster of Limited Partners (LPs) includes prominent corporations such as Infosys, Qualcomm Ventures, and Tata AIG, alongside government-backed organizations like the DPIIT Fund of Funds for Startups and the Self-Reliant India Fund. With heavyweight backers like Kris Gopalakrishnan (Infosys co-founder), Gopal Srinivasan (TVS Capital), and Utpal Sheth (RARE Enterprises), Yali Capital ensures robust strategic support. The firm’s dual structure—a SEBI-registered Alternative Investment Fund (AIF) and a GIFT City-based feeder vehicle—enables global investor participation, guided by tech luminary Lip-Bu Tan and managing partner Ganapathy Subramaniam.
Already, Yali Capital has invested in five breakthrough startups, including C2I Semiconductor, 4baseCare, and Perceptyne, focusing on chip design and AI. By devoting two-thirds of its fund to early-stage companies, Yali Capital underscores its commitment to nurturing next-generation Indian deeptech founders. This fundraising success aligns with a nationwide trend of surging investments in advanced technology and positions Yali Capital at the forefront of India’s drive toward self-reliance and global tech leadership.
Funding
Agritech Startup Gramik Raises INR 17 Crore to Expand Rural Commerce in India
- Gramik, a Lucknow-based agritech startup, has secured INR 17 crore in a bridge funding round ahead of its upcoming INR 56 crore Series A raise.
- The funding round included investments via Optionally Convertible Debentures (OCDs) and Compulsorily Convertible Debentures (CCDs).
- Key investors include Sammaan Global Ventures, Money Creeper Investment, and prominent angels such as Balram Yadav (MD & CEO, Godrej Agrovet), Gev Aryaton, Irfan Alam, Nikhil Bhagat, and Salvia Siddiqui.
Gramik’s Unique Peer Commerce Model
- Founded in 2021 by Raj Yadav, Gramik empowers over 120 million small and marginal farmers in India through a technology-driven rural commerce platform.
- The startup operates a dual-channel distribution network using Village-Level Entrepreneurs (VLEs) and rural retailers to deliver high-quality agri-inputs to remote areas.
- Gramik’s full-stack platform offers demand aggregation, logistics, embedded credit, and agronomy services, ensuring last-mile delivery and support for farmers.
Expansion Plans and Future Growth
- Gramik currently operates in 12 districts, with 1,200+ active VLEs and 250+ rural retail partners, and plans to expand to 3,000 VLEs and reach 1 million+ farmers across Uttar Pradesh, Maharashtra, and Jammu.
- The new funds will be used to expand Gramik’s private-label products, enhance agronomy-led farmer engagement, and scale operations in key states.
- With a strong focus on supply chain efficiency, technology, and farmer advisory services, Gramik aims to become a leader in India’s $50 billion agri-input and rural commerce market.
- Backed by previous seed funding of over INR 25 crore, Gramik is set to drive innovation and inclusive growth for rural communities.

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