The new year presents exciting prospects for the Indian startup ecosystem, as both entrepreneurs and investors place significant confidence in advancements in artificial intelligence. Many startups aspire for a prosperous public listing, keeping a vigilant eye on the stock market. At YourStory, we will feature narratives spanning various sectors, including emerging fields such as space technology, drone technology, and insights into the challenges faced by edtech while analysing the surge in fintech. Stay connected!
Highlights
Featured Stories
What’s Next for AI in 2025?
Artificial intelligence has heralded a transformative era for India’s software-as-a-service (SaaS) industry, unlocking a plethora of AI-powered services and opportunities. This shift has made it clear that early adopters are the ones who achieve the highest success.
As the year unfolds, the SaaS sector is experiencing a mix of new prospects and challenges, influencing the industry as a whole. By 2025, the landscape is expected to undergo further disruption, compelling businesses to embrace AI and extend the limits of what can be achieved within AI-driven ecosystems.
This Startup Transforms Raw Footage into Engaging Instructional Videos
Prajwal Prakash, Akash Anand, and Neel Balar have founded Clueso, a startup dedicated to producing videos and documentation for SaaS companies. Based in Bengaluru, Clueso is recognised as one of YourStory’s Tech30 2024, a prestigious list highlighting the top 30 promising Indian startups set to make significant waves in their respective industries.
Clueso streamlines the process of creating instructional videos from raw footage. Prakash elaborates, “A user captures a base stream recording of their product feature demonstration, and Clueso transforms it into a studio-quality video, enriched with company branding, Zoom effects, appealing animations, and an AI-generated audio track that synchronises seamlessly with the video.”
Latest News
Bajaj Auto Surpasses Ola Electric in December Sales
As per VAHAN data, Bajaj Auto emerged as the leader in December’s electric vehicle sales, with 18,276 units sold, thereby securing a market share of 24.93%. In contrast, Ola Electric sold 13,769 units, holding an 18.78% market share.
Ola Electric experienced a decline in market share, falling from 24.7% in November to 18.78% in December, with sales dropping significantly from 29,196 units in November to 13,769 units in December.
Funding: CargoFL Raises Rs 6.75 Cr in Seed Round Led by YourNest Venture Capital
CargoFL, a business-to-business technology platform for logistics, successfully raised Rs 6.75 crore in its seed funding round, spearheaded by YourNest Venture Capital.
The funding round comprises Rs 4.7 crore from YourNest, complemented by Rs 50 lakh each from Real Time Angel Fund and Peaceful Progress Angel Fund, Rs 25 lakh from Sanchi Connect Accelerator, and Rs 80 lakh from notable angel investors. Key contributors include Dinesh Chandra Agarwal (MD & CEO of IndiaMART), Dinesh Gulati (COO of IndiaMART), Murugavel Janakiraman (Founder & MD of Bharat Matrimony), and Rajesh Sawhney (Founder of GSF Accelerator).
The Pune-based startup plans to allocate 40% of the funding towards developing a sales engine to enhance growth across India, Southeast Asia, the Middle East, North Africa, and North America. An additional 40% will be focused on improving product capabilities, especially in logistics and supply chain automation. The remaining 20% will be dedicated to client onboarding and implementation across various regions.
Founded in 2017 by Deepesh Kuruppath and Wasim Khan, CargoFL has evolved from a provider of transport management software for fleet owners to an AI-driven platform catering to enterprises in retail, pharmaceuticals, and manufacturing. The company has over 25 major clients, including Puma, Godrej, Schaeffler, Metro Brands, and Decathlon. CargoFL aims to achieve a $3 million ARR within 18–24 months by acquiring more than 25 customers in India and pursuing international expansion.
Klassroom Edutech Secures Undisclosed Growth Capital in Latest Funding Round
Klassroom Edutech, an education-focused OTT platform, has successfully secured an undisclosed amount of growth capital in its most recent funding round. This round was led by ah! Ventures, with participation from LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund. Bollywood actor and entrepreneur Suniel Shetty has also invested in Klassroom since 2023.
The app presents a holistic learning ecosystem, providing a wide range of content that encompasses academics, skill-oriented training for industry roles, career courses, and language acquisition. Since its inception, Klassroom’s OTT app has garnered over 50,000 subscribers within its first year.
Founded by Alka Javeri, Dhruv Javeri, and Dhumil Javeri, this startup harmonises an AI-driven education OTT platform with more than 200 offline learning centres, collectively impacting over 500,000 students in 600 cities.
“Klassroom’s innovative hybrid model, merging an education OTT platform with offline education centres, effectively addresses crucial issues of accessibility, affordability, and accountability in education,” stated Pranav Mahajani, President at Trica Capital, a LetsVenture company.
Other News
Xiaomi India Appoints Sandeep Singh Arora as Chief Business Officer
Xiaomi India has appointed Sandeep Singh Arora as its Chief Business Officer. In this capacity, Singh will spearhead business development initiatives, foster revenue enhancement, and cultivate new strategic partnerships while expanding market presence.
With over 30 years of experience in brand management and development, Singh has most recently overseen Samsung India’s online business unit and marketing communications for the consumer electronics segment. He has also held senior positions, including VP of marketing at Bennett, Coleman & Co. Ltd., category director at PepsiCo India, and at Unilever.
His extensive expertise in product marketing, category management, retail operations, and brand strategy is anticipated to significantly bolster the company’s ability to navigate the changing market landscape.
IIT Madras Collaborates with Agriculture Ministry on Project VISTAAR
The Indian Institute of Technology Madras (IIT Madras) is partnering with the Ministry of Agriculture and Farmer Welfare, Government of India, on Project VISTAAR, aimed at enhancing the efficiency and effectiveness of the agricultural extension system through digitalisation.
The pilot initiative, VISTAAR (Virtually Integrated System to Access Agricultural Resources), seeks to strengthen the agricultural extension framework. The recent Memorandum of Understanding (MoU) between the Agriculture Ministry and IIT Madras will enhance the VISTAAR platform with information pertaining to startups in agriculture and allied sectors. This collaboration will enable farmers and other stakeholders to readily access and understand the capabilities and offerings of these startups.
Leave a Reply