Latest Startups & Entrepreneurship News

📅May 13, 2026 at 1:00 PM
Indian startups secure major funding rounds while AI-powered student ventures compete globally in entrepreneurship competitions and consumer brands expand aggressively.
1

Mekka Secures 67 Crores in Series Funding Round

Full stack consumer electronics design and manufacturing platform Mekka has raised 67 crores in a Series funding round led by Avana Capital and Titan Capital. The capital will be deployed to accelerate R&D, new product development, and drive global expansion efforts Source 1.

2

Psychic Raises $1.5 Million in AI-Focused Funding

AI native enterprise intelligent platform Psychic has secured $1.5 million in funding led by Triton Fund 2. The fresh capital will support the company's global expansion plans, strengthen its AI capabilities, and scale its platform Source 1.

3

Technosport Capitalizes on India's Activewear Boom

Technosport is betting big on India's activewear market by leveraging speed, automation, and vertically integrated production to compete against global giants. The company is expanding its competitive position in the Indian activewear sector Source 1.

4

Mobikwik Systems Swings to Black in Q4FY26

Payment solutions company Mobikwik Systems has returned to profitability in Q4FY26, demonstrating financial recovery and operational improvement. This marks a significant milestone for the fintech startup Source 1.

5

Stone Sapphire India Expands with $25 Million Funding

Consumer brands and collectibles company Stone Sapphire India has secured $25 million in funding to accelerate expansion. The company is opening new stores and signing government contracts, with plans to expand from 51 operational stores to 130 stores by year-end Source 1.

6

Stone Sapphire India Targets 2,000 Crores Revenue in 5 Years

Stone Sapphire India, operating brands like Scooel, Peggy Oliver, Braven, and Bago, has set an ambitious target of 2,000 crores in top-line revenue within the next five years. The company is expanding through proprietary brands, licensed global IPs, and manufacturing partnerships Source 1.

7

DuggAI Wins TYE Seattle Chapter Finals with AI Email Assistant

Student-founded DuggAI took first place at the TiE Young Entrepreneurs Seattle Chapter Finals with an AI-powered email agent that pulls context from multiple applications. The winning team earned a spot in a global competition scheduled for June 13 Source 2.

8

Over 100 Students Compete in TYE Seattle Chapter Finals

More than 100 students competed at the recent TiE Young Entrepreneurs Seattle Chapter Finals at Bellevue College, showcasing innovative startup ideas. The finals demonstrated strong student entrepreneurship in the Pacific Northwest region Source 2.

9

Cyprus Diaspora Forum 2026 Launches Startup Launchpad Initiative

The Cyprus Diaspora Forum 2026 established a Startup Launchpad providing a dynamic platform for five innovative startups to showcase their initiatives. This platform sets a new global benchmark for supporting diaspora-led entrepreneurship and startup ventures Source 3.

10

Student Startups Vying for Global Entrepreneurship Recognition

Young entrepreneurs are competing in regional finals to earn spots in global entrepreneurship competitions, with winners from Seattle advancing to international contests in June. These competitions highlight the growing pipeline of student-led startup innovations Source 2.