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What Is Temple Wearable Deepinder Goyal's New AI Health Ring
NewsAI & DeepTechHealthTech

What Is Temple Wearable? Deepinder Goyal’s New AI Health Ring

by Aalam Rohile December 18, 2025
3 min read

SUMMARY:

  • Temple wearable by Deepinder Goyal monitors cerebral blood flow continuously through a head-worn sensor
  • Raising $50 million seed round at $125-130 million valuation from Steadview Capital and Peak XV Partners
  • Connected to Gravity Ageing Hypothesis suggesting gravity reduces brain blood flow by 17% in upright posture

Temple wearable is Deepinder Goyal‘s experimental brain health device that continuously monitors cerebral blood flow through a small sensor worn near the temple region. The Eternal founder unveiled this groundbreaking healthtech venture in November 2025, sparking massive attention across India’s startup ecosystem.

Temple is raising $50 million from marquee investors including Steadview Capital, Vy Capital, Info Edge, and Peak XV Partners, marking one of India’s largest seed rounds for a wearable startup. But what makes this tiny golden patch so revolutionary?

What Is Temple Wearable by Deepinder Goyal?

Temple wearable is a head-worn sensor positioned near the temple region that continuously monitors brain blood flow in real time. Unlike traditional fitness trackers that focus on steps and heart rate, Temple targets cerebral blood flow (CBF) as a key biomarker for aging and cognitive health.

Goyal described Temple as capable of accurate, continuous, and real-time measurements of brain blood flow during daily activities, unlike conventional devices that rely on short clinical tests. The device appears as a small golden patch attached near the eyebrow area.

Goyal revealed he has been using the device for about a year, developing it initially for research purposes under Continue Research, his $25 million biological research initiative focused on longevity science.

Read More: LAT Aerospace: Can Deepinder Goyal Make Flying Affordable in India?

The Science Behind Temple: Gravity Ageing Hypothesis

Temple’s development connects directly to Goyal’s controversial Gravity Ageing Hypothesis unveiled in November 2025. The hypothesis suggests that when humans stand or sit, gravity pulls blood away from the brain, reducing cerebral blood flow by up to 17% in upright posture.

Continue Research claims that daily passive inversions for at least 10 minutes using commercial inversion tables over six weeks lead to a 7% increase in daily average brain flow, equivalent to approximately 10 years of younger age.

The theory sparked intense debate online. Goyal positioned the hypothesis as an open-source contribution to longevity science rather than a corporate pitch. Medical experts like Dr Cyriac Abby Philips called the theory unsupported, while others found it intriguing enough to warrant further investigation.

Goyal emphasized the hypothesis is not a claim of truth but a well-researched, testable idea that merits deeper scientific scrutiny. He clarified that Continue Research established a dedicated team to attempt invalidating the hypothesis, demonstrating commitment to rigorous scientific method.

Read More: Deepinder Goyal Temple Wearable: Zomato CEO Launches Brain Health Device in 2025

Temple Wearable Funding and Valuation

Temple is in advanced talks to raise $50 million at a valuation between $125-130 million, making it one of the largest seed-round valuations for an Indian startup.

The funding round involves Steadview Capital, Vy Capital, Info Edge, and Peak XV Partners, with Goyal and other Indian founders investing personally. Temple employees are also expected to participate in the round.

These are the same institutional investors who backed Zomato during its early days. Info Edge’s Sanjeev Bikhchandani invested ₹5 crore in Zomato in 2010 when it was staring at shutdown, while Peak XV Partners led Zomato’s $35 million Series A in 2013.

The metrics from Temple’s devices are still being benchmarked and validated by third parties, with the device meant to be a research-grade product launching for general audiences after a few months.

Netizens React to Temple Wearable

The announcement generated polarized reactions across social media platforms.

One LinkedIn user commented on the device’s potential, noting that Goyal’s track record with Zomato gives Temple credibility in a crowded healthtech market.

Twitter users expressed skepticism about the timing. “With Zomato’s ongoing Blinkit integration, is launching a hardware venture the right move?” questioned one commenter.

A healthtech founder wrote, “Temple will push existing wearable players to innovate faster. Competition ultimately benefits Indian consumers with better products at competitive prices.“

Critics on X questioned whether peer-reviewed papers exist on the hypothesis, with one user calling gravity ageing theory pseudoscientific. Others praised Goyal for tackling an unexplored area in preventive health.

Read More: Rhea Chakraborty Clothing Brand Hits Rs 40 Crore Valuation in Under a Year

Temple Website and Launch Timeline

Temple’s placeholder website carries a “Coming Soon” message stating “The future of health starts where no one’s looking. Inside your brain” but lists no specific launch date.

In December 2025, Goyal posted a teaser on social media showing a clear image of the golden device positioned close to the eye. Public interest exploded after photos surfaced from a November Children’s Day event showing Goyal wearing the white experimental patch.

Goyal emphasized Temple would be a “small, cute company, if at all” and “nothing” compared to Eternal, clarifying the Gravity Ageing Hypothesis wasn’t created as a marketing gimmick to sell devices.

Industry sources suggest Temple will initially target research institutions and health-conscious consumers rather than mass market positioning, differentiating it from affordable wearables like boAt or Noise that dominate India’s market.

What’s your take on Temple wearable? Will Deepinder Goyal’s brain health device disrupt India’s wearable market like Zomato transformed food delivery? Could continuous brain flow monitoring become the next big thing in preventive healthcare? Share your thoughts in the comments below and discover more groundbreaking Indian startup stories on Startup INDIAX!

Read More: Tata Electronics Intel Partnership: $14B Chip Manufacturing Revolution in India

FAQs

What is Temple wearable by Deepinder Goyal?

Temple wearable is an experimental brain health device that monitors cerebral blood flow continuously through a small sensor worn near the temple region, developed by Zomato founder Deepinder Goyal.

How does Temple wearable work?

Temple uses a head-worn sensor patch that measures brain blood flow in real time and continuously during daily activities, providing insights into cognitive health and aging biomarkers.

When will Temple wearable launch in India?

Temple is currently in research and validation phase with launch expected within a few months for general audiences, initially targeting research institutions and health-conscious consumers.

How much funding is Temple wearable raising?

Temple is raising $50 million in seed funding at a $125-130 million valuation from investors including Steadview Capital, Vy Capital, Info Edge, and Peak XV Partners.

What is the Gravity Ageing Hypothesis connected to Temple?

The Gravity Ageing Hypothesis suggests gravity reduces cerebral blood flow by up to 17% when standing or sitting upright, potentially accelerating aging processes in the brain over decades.

December 18, 2025 0 comments 70 views
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Fund of Funds for Startups Everything Founders Need to Know Now
Government SchemesStartup Learning

Fund of Funds for Startups: Everything Founders Need to Know Now

How SIDBI's ₹11,808 Crore Fund Backed 153 AIFs to Support 1,270 Indian Startups
by Aalam Rohile December 15, 2025
3 min read

Summary

  • Fund of funds for startups have committed ₹11,808 crores to 153 AIFs, catalyzing ₹22,942 crores invested in 1,270 Indian startups
  • The 2x investment mandate requires AIFs to invest at least twice their FFS contribution directly in startups, multiplying impact
  • Startups backed by fund of funds-supported VCs benefit from patient capital, larger follow-on rounds, and reduced exit pressure

Fund of funds for startups are reshaping how early-stage companies access capital in 2025. Unlike traditional venture capital, these investment vehicles pool money to back multiple VC firms, creating a ripple effect across the ecosystem. India’s government-backed Fund of Funds for Startups has committed ₹11,808 crores to 153 alternative investment funds since its launch in 2016, helping 1,270 startups raise ₹22,942 crores. But what exactly are fund of funds, and why should every founder understand this model? Here’s everything you need to know about this game-changing funding mechanism.

What Are Fund of Funds for Startups?

Fund of funds for startups operate differently from direct venture capital. Instead of investing directly in companies, they invest in other VC funds that then support startups. Think of it as a multiplier effect for the entire ecosystem.

A fund of funds manager identifies promising VC firms, commits capital to their funds, and gains exposure to their entire portfolio. This means one strategic investment decision can impact 20-30 startups instead of just one company.

The model gained massive traction in India after Prime Minister Narendra Modi launched the Fund of Funds for Startups on January 16, 2016. Managed by SIDBI, this initiative has an approved corpus of ₹10,000 crore, with ₹11,808 crores already committed to SEBI-registered Alternative Investment Funds as of March 2025.

Read More: Startup India Seed Fund: Eligibility & How to Apply

How the Fund of Funds Model Works for Startups

Understanding the mechanics matters for founders evaluating their VC’s backing. Fund of funds for startups follow a specific investment mandate that directly impacts your fundraising journey.

How the Fund of Funds Model Works for Startups

Under the FFS scheme, any AIF receiving government backing must invest at least twice the FFS contribution amount in startups. If your VC gets ₹100 crore from FFS, they must deploy minimum ₹200 crore into startups like yours.

This 2x mandate ensures that government funds catalyze significantly larger private capital flows. The numbers prove it works. AIFs backed by FFS have collectively invested ₹22,942 crores across 1,270 Indian startups, creating over 2 lakh jobs.

Only funds with corpus sizes below ₹1,000 crores qualify for FFS backing. This deliberately targets smaller, emerging fund managers who struggle to raise institutional capital otherwise.

Read More: Startup India Scheme Explained – How to Apply & Get Funding

Types of Fund of Funds Supporting Indian Startups

Not all fund of funds operate identically. Understanding different FFS variants helps founders identify which capital sources align with their business stage and geography.

The main Fund of Funds for Startups operates nationally, but SIDBI manages four other specialized fund of funds programs. The ASPIRE Fund targets rural innovation and entrepreneurship. State-specific funds like UP Startup Fund and Odisha Startup Growth Fund focus on regional ecosystem development.

The India Aspiration Fund specifically backs social impact ventures and enterprises in underpenetrated sectors. Together, these programs ensure fund of funds capital reaches diverse founder demographics and business models.

As of 2025, 82 of the 153 backed AIFs are first-time fund managers. This democratization of VC funding creates opportunities for founders in Tier 2 and Tier 3 cities who previously lacked access to institutional capital.

Read More: Top 8 Government Incubator Programs Transforming the Indian Startup Ecosystem

The Real Cost: Understanding Fee Structures

Every founder should understand the economics behind fund of funds for startups. The fee structure impacts your cap table and dilution more than you might realize.

Fund of funds typically charge a management fee of 1-2% annually, plus a performance fee of 10-20% on profits. Since the underlying VC funds also charge their own fees, you’re essentially paying fees at two levels.

A successful startup in this model pays roughly 4-5% in combined management fees across the investment chain. While this sounds steep, the tradeoff is access to patient capital with longer investment horizons.

Data from industry reports shows that fund of funds delivered a median IRR of 18% between 2018-2023, comparable to direct VC investments. The diversification benefits justify the additional fee layer for most institutional investors.

Benefits of Fund of Funds Backing for Your Startup

If your VC receives fund of funds support, you gain several indirect advantages that improve your odds of success and scaling.

First, you get patient capital. Traditional VCs need exits within 5-7 years, but fund of funds investors operate on 10-12 year horizons. This reduces pressure to chase unsustainable growth or force premature exits.

Second, your VC likely has stronger reserves for follow-on rounds. Under the 2x mandate, AIFs must maintain substantial dry powder for existing portfolio companies. According to Startup INDIAX analysis, startups backed by FFS-supported VCs raised 28% larger Series B rounds on average in 2024.

Third, you benefit from ecosystem credibility. When SIDBI backs your VC after rigorous due diligence, it signals quality to other investors. This makes subsequent fundraising rounds easier and faster.

Read More: Startup India Certificate – How to Apply in 5 Easy Steps

The Impact: Real Numbers from the Ground

The fund of funds model has created measurable impact across India’s startup ecosystem over the past nine years. The numbers tell a compelling story about inclusive growth.

₹3,547 crores has flowed to 184 women-led or women co-founded startups through FFS-backed AIFs. This represents significant progress in addressing gender gaps in venture funding.

Deep-tech startups received ₹3,533 crores across 220 companies, proving that fund of funds capital supports innovation beyond consumer apps. Tier 2 and Tier 3 city startups attracted ₹2,145 crores across 185 companies, breaking the traditional metro-city concentration of VC funding.

Perhaps most impressively, 22 startups backed by FFS-supported AIFs have achieved unicorn status, crossing the $1 billion valuation mark. These include names across sectors from fintech to logistics to SaaS.

Netizens React: What the Startup Community Says

The funding model has sparked diverse opinions across founder communities and social media platforms.

One founder wrote, “Fund of funds backing gave our VC the confidence to write us a bigger check. It indirectly helped us raise our Series A faster than peer companies.”

A skeptical investor commented, “Double fees are a real concern. Founders should understand they’re essentially paying 4-5% in total management fees across the chain. That adds up over time.“

An ecosystem builder from Jaipur noted, “This model is perfect for Tier 2 and Tier 3 city startups. It’s bringing institutional capital to regions VCs traditionally ignored completely.“

How to Know If Your VC Has Fund of Funds Backing

Founders don’t pitch directly to fund of funds but understanding if your potential VC partner has this backing provides valuable insights.

Check SIDBI’s public commitments page, which lists all 153 AIFs that have received FFS backing. The list includes fund names, commitment amounts, and commitment dates.

During due diligence calls, directly ask VCs about their LP structure. Any reputable fund will transparently share if they’ve received government backing through FFS or other programs.

Look for VCs with longer fund life cycles. Fund of funds-backed AIFs typically structure 10+ year funds versus the standard 7-8 year funds. This signals alignment with sustainable growth timelines.

What This Means for You

Is your startup backed by a VC that receives fund of funds investment? Understanding your capital structure matters more than ever in 2025. Check if your VC appears on SIDBI’s commitments list and share your experiences in the comments below. Explore more insights on funding strategies and ecosystem developments at Startup INDIAX!

Read More: How to Secure Your Startup’s Future: Understanding Different Funding Models

FAQs

What is fund of funds for startups?

Fund of funds for startups are investment vehicles that invest in multiple venture capital funds rather than directly in companies. India’s FFS has backed 153 AIFs that collectively support 1,270 startups with ₹22,942 crores.

How does SIDBI’s Fund of Funds for Startups work?

SIDBI’s FFS invests in SEBI-registered AIFs with a 2x mandate, meaning AIFs must invest at least twice the FFS contribution in startups. This multiplier effect catalyzes larger private capital deployment across the ecosystem.

What are the eligibility criteria for funds applying to FFS?

Funds must be SEBI-registered Category I or II AIFs with corpus below ₹1,000 crores, have experienced fund managers with CIBIL scores above 650, and commit to investing at least 2x the FFS contribution in eligible startups.

What are the fees for fund of funds investments?

Fund of funds typically charge 1-2% annual management fees plus 10-20% performance fees, creating a double-layer structure since underlying VC funds also charge fees. Combined fees typically total 4-5% for portfolio companies.

How has Fund of Funds impacted Indian startups?

FFS has created 2 lakh+ jobs, supported 22 unicorns, invested ₹3,547 crores in women-led startups, deployed ₹3,533 crores in deep-tech companies, and channeled ₹2,145 crores to Tier 2/3 city startups.

December 15, 2025 0 comments 88 views
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Startup India Seed Fund Eligibility & How to Apply
Government SchemesStartup Learning

Startup India Seed Fund: Eligibility & How to Apply

by Aalam Rohile December 13, 2025
3 min read

Summary :

  • Startup India Seed Fund Scheme offers ₹20-50 lakh to early-stage startups through 346 registered incubators
  • Eligibility requires DPIIT recognition, under 2 years incorporation, and annual turnover below ₹25 lakh
  • Over 940 startups funded since 2021 with ₹500+ crore disbursed across innovation sectors

The Startup India Seed Fund Scheme has become a lifeline for early-stage entrepreneurs across India. Launched to bridge the funding gap, this government initiative offers up to ₹20 lakh in seed capital to promising startups.

With over 940 startups funded and ₹500+ crore disbursed since 2021, the scheme is reshaping India’s entrepreneurial landscape. Whether you’re building a tech platform or a social enterprise, understanding this scheme could be the difference between launching your dream or watching it stall at the idea stage.

What is the Startup India Seed Fund Scheme?

The Startup India Seed Fund Scheme is a government-backed initiative launched on April 19, 2021, by the Department for Promotion of Industry and Internal Trade (DPIIT). The scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.

Unlike traditional loans, this is grant-based funding. Startups receive up to ₹20 lakh for validation of proof of concept, and up to ₹50 lakh for prototype development and market testing. The scheme operates through 346 registered incubators across India, making it accessible to entrepreneurs in tier-2 and tier-3 cities.

Read More: Startup India Scheme Explained – How to Apply & Get Funding

How Much Money Can Startups Get?

The funding structure is designed in two stages. For proof of concept and prototype development, eligible startups can receive up to ₹20 lakh as a grant. This amount covers expenses like product development, testing, and initial market research.

For market entry and commercialization, startups can access up to ₹50 lakh either as debt or debt-linked instruments. As Startup INDIAX previously reported, this dual-stage approach ensures startups have runway for both validation and scaling phases. The total scheme allocation stands at ₹945 crore over four years.

The repayment terms are founder-friendly. Debt funding comes with a 10-year repayment period including a 2-year moratorium. Interest rates are capped at 5% per annum, significantly lower than commercial bank rates.

Read More: Startup India Certificate – How to Apply in 5 Easy Steps

Who is Eligible for the Startup India Seed Fund?

Eligibility criteria are straightforward but specific. Your startup must be recognized by DPIIT and incorporated less than 2 years ago at the time of application. The business should be working on innovation, development, or commercialization of new products or services driven by technology.

Your startup’s annual turnover should not exceed ₹25 lakh in any financial year since incorporation. You must be selected by an eligible incubator empaneled under the scheme. Individual entrepreneurs cannot apply directly to the government.

Importantly, startups that have already received more than ₹10 lakh of monetary support under any other Central or State Government scheme are not eligible. This ensures the fund reaches genuinely early-stage ventures.

Read More: Private Limited vs LLP vs Partnership – Which is Best for Your Startup?

Netizens React

The scheme has sparked diverse reactions across startup communities.

One founder from Pune wrote, “The Startup India Seed Fund gave us ₹18 lakh when no investor would look at our MVP. We’re now a team of 12 with paying customers.“

However, some entrepreneurs express frustration with the process.

A Delhi-based entrepreneur commented, “Getting selected by an incubator is harder than the actual application. The ecosystem needs more transparency about selection criteria.“

Industry experts remain optimistic.

A startup mentor noted, “This scheme democratizes access to seed capital. Previously, only startups in metro cities with network access could secure early funding.“

How to Apply for the Startup India Seed Fund

The application process runs through registered incubators, not directly through DPIIT. First, identify an eligible incubator from the official Startup India portal. These incubators evaluate applications based on innovation potential, team capability, and market opportunity.

Once selected by an incubator, you’ll need to submit a detailed business plan, proof of concept documentation, and financial projections. The Expert Advisory Committee (EAC) at the incubator level reviews applications and makes recommendations to the EAC at the DPIIT level for final approval.

The entire process typically takes 60-90 days from application to fund disbursal. As reported by Startup INDIAX, successful applicants emphasize the importance of demonstrating clear problem-solution fit and realistic financial projections.

What are the Benefits Beyond Funding?

Beyond capital, selected startups gain access to mentorship networks and incubation support. Incubators provide co-working spaces, technical infrastructure, and connections to industry experts. Many startups report this non-financial support as equally valuable as the funding itself.

The scheme also enhances credibility with future investors. Having government validation through the Seed Fund acts as a strong signal during subsequent fundraising rounds. Several 2022-2023 beneficiaries have successfully raised Series A funding in 2024-2025.

Tax benefits under the Startup India initiative apply. Recognized startups enjoy three years of tax exemption on profits, exemption on capital gains, and elimination of angel tax provisions introduced in Budget 2024.

Read More: Top 5 Government Schemes for Rural Youth Startups in 2025

Have you applied for the Startup India Seed Fund Scheme? Share your experience in the comments below and help fellow entrepreneurs navigate the process. Discover more funding opportunities and breakthrough startup stories on Startup INDIAX – your trusted source for India’s innovation ecosystem!

Frequently Asked Questions

What is the Startup India Seed Fund Scheme?

The Startup India Seed Fund Scheme provides ₹20-50 lakh in funding to early-stage startups for proof of concept, prototype development, and market entry through registered incubators.

Who launched the Startup India Seed Fund Scheme on April 19, 2021?

The scheme was launched by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry on April 19, 2021.

What is the 20 lakh seed fund scheme?

The ₹20 lakh component is a grant provided for validation of proof of concept, prototype development, and product trials without repayment obligations.

Who is eligible for the Startup India Seed Fund Scheme?

DPIIT-recognized startups incorporated less than 2 years ago, with annual turnover under ₹25 lakh, working on innovative products or services are eligible.

Do you need to pay back seed funding from this scheme?

The ₹20 lakh grant component requires no repayment. The ₹50 lakh market entry funding is debt-based with 10-year repayment at 5% annual interest.

December 13, 2025 0 comments 88 views
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Tata Electronics Intel Partnership 14B Chip Manufacturing Revolution in India
NewsAI & DeepTech

Tata Electronics Intel Partnership: $14B Chip Manufacturing Revolution in India

Intel processors and AI chips to be manufactured at Tata's $14 billion Gujarat and Assam plants starting 2026, creating 20,000 jobs in India's semiconductor revolution
by Aalam Rohile December 11, 2025
3 min read

SUMMARY :

  • Tata Electronics Intel partnership brings $14B investment for semiconductor manufacturing across Gujarat and Assam plants
  • Production starts 2026 with Intel processors, AI chips, and laptop components manufactured entirely in India
  • Partnership creates 20,000 direct jobs and positions India as global chip production hub

Tata Electronics Intel partnership is reshaping India’s semiconductor ambitions with a massive $14 billion investment across two manufacturing facilities. The collaboration positions India as a global chip production powerhouse, with Tata set to produce Intel processors and AI-powered laptops domestically by 2026.

This marks the biggest foreign tech partnership in Indian manufacturing history. As global chip shortages exposed supply chain vulnerabilities, this deal signals India’s serious push toward electronics self-reliance and technological sovereignty.

What Does the Tata Electronics Intel Partnership Include?

The Tata Electronics Intel partnership encompasses two major semiconductor fabrication plants in Gujarat and Assam, with a combined investment exceeding $14 billion. Tata will manufacture Intel’s latest processor chips, including those designed for AI applications, under a comprehensive technology transfer agreement.

What Does the Tata Electronics Intel Partnership Include

Production is slated to begin in phases starting mid-2026. The Gujarat facility will focus on advanced chip packaging and testing, while the Assam plant will handle wafer fabrication for processors powering laptops, servers, and AI workstations.

Intel brings decades of chip design expertise and manufacturing protocols, while Tata provides infrastructure, workforce, and market access across India and Southeast Asia.

Read More: India PCB Industry: Breaking Free from 88% Import Dependency – Here’s How

Why Is Intel Manufacturing Chips in India Now?

Global semiconductor supply chains faced unprecedented disruption during 2020-2023, pushing tech giants to diversify production beyond Taiwan and South Korea. India’s electronics import bill crossed $85 billion in 2024, making domestic chip production economically critical.

The Indian government’s semiconductor incentive program offers up to 50% capital support for fab construction. Intel’s decision reflects confidence in India’s engineering talent pool and growing domestic market, projected to reach $300 billion by 2030.

Tata Electronics already operates electronics manufacturing facilities in Tamil Nadu and Karnataka. This Intel collaboration elevates Tata from component assembly to cutting-edge semiconductor fabrication, positioning the company as India’s first major chip manufacturer.

Read More: Foxconn Chinese Staff India Exit: Shocking Reasons Revealed!

What Products Will Tata Intel Plants Manufacture?

The facilities will produce Intel Core processors for consumer laptops, desktop PCs, and commercial computing devices. AI-focused chips optimized for machine learning workloads represent a significant production category, targeting India’s booming artificial intelligence sector.

Tata will manufacture chips across multiple process nodes, starting with 28nm technology and eventually scaling to 14nm and below. Volume production estimates suggest 500,000 processor units monthly by 2027, with capacity expansion planned for 2028-2030.

Intel’s Arc graphics processors and specialized AI accelerator chips will also roll out from these plants. The partnership includes co-development of India-specific chip variants optimized for local power and thermal requirements.

Netizens React

The announcement sparked widespread discussion across Indian tech communities and social media platforms.

One industry analyst tweeted, “Tata Intel partnership is India’s semiconductor moonshot moment. If executed well, this changes everything for our tech independence.“

A startup founder commented on LinkedIn, “Finally, we won’t have to import every processor. This opens doors for Indian hardware startups to build locally without 40% import duties.”

However, some expressed skepticism. One user wrote, “We’ve heard big semiconductor promises before. Execution and sustained investment over 10+ years will determine if this succeeds or becomes another Foxconn-Vedanta story.“

How Does This Impact India’s Tech Ecosystem?

The Tata Electronics Intel partnership creates an estimated 20,000 direct jobs and 80,000 indirect positions across engineering, logistics, and support services. Universities are already launching specialized semiconductor courses to build the talent pipeline.

Indian startups developing AI hardware, robotics, and IoT devices gain access to domestically produced, cost-effective processors. Reduced import dependency could lower laptop and PC prices by 15-20% within three years, making computing more accessible.

As Startup INDIAX reported earlier, India’s semiconductor strategy relies on attracting global leaders like Intel while building domestic capabilities. This partnership validates that approach and positions India as Asia’s third major chip production hub after Taiwan and South Korea.

Read More: Deepinder Goyal Temple Wearable: Zomato CEO Launches Brain Health Device in 2025

What’s your take on India’s semiconductor ambitions with the Tata Intel collaboration? Will this finally break our chip import dependency? Share your thoughts in the comments below and explore more groundbreaking Indian startup stories on Startup INDIAX!

FAQs

What is the Tata Electronics Intel partnership about?

The Tata Electronics Intel partnership is a $14 billion collaboration to manufacture Intel processors and AI chips at two semiconductor plants in Gujarat and Assam, starting production in 2026.

When will Tata start manufacturing Intel chips in India?

Tata will begin phased production of Intel chips in mid-2026, with full-scale manufacturing reaching 500,000 processor units monthly by 2027.

Why is Intel partnering with Tata Electronics for chip manufacturing?

Intel chose Tata Electronics due to India’s semiconductor incentives, growing $300 billion electronics market, engineering talent, and strategic push to diversify chip production beyond Taiwan.

What types of chips will Tata manufacture for Intel?

Tata will produce Intel Core processors, AI accelerator chips, Arc graphics processors, and specialized computing chips across 28nm to 14nm process nodes.

How many jobs will the Tata Intel semiconductor plants create?

The partnership will generate approximately 20,000 direct manufacturing and engineering jobs, plus 80,000 indirect positions in logistics, services, and support sectors.

December 11, 2025 0 comments 70 views
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How Alka Kalkani Built Nipposh India’s Comfort-First Nipple Cover Brand
Startup StoriesBeauty & WellnessStartupWomen Entrepreneurs

How Alka Kalkani Built Nipposh: India’s Comfort-First Nipple Cover Brand

by Aalam Rohile December 11, 2025
3 min read

Summary:

  • Alka Kalkani founded Nipposh after experiencing painful rashes from cheap nipple covers, creating India’s first comfort-focused brand with medical-grade materials that promise zero irritation.
  • Discover how Nipposh differentiates itself through rigorous testing, premium materials, and a customer-first approach in the underserved Indian intimate wear market.
  • This Startup INDIAX exclusive reveals the challenges of building a D2C brand in a sensitive product category and why quality matters more than price in women’s health products.

Ever bought something cheap online, only to regret it the moment you used it? That’s exactly what happened to Alka Kalkani except her regret came with painful rashes, redness, and the realization that thousands of Indian women were suffering in silence. The culprit? Low-quality nipple covers flooding the market at rock-bottom prices.

Instead of just complaining about it (like most of us would), Alka did something bold. She started Nipposh, a brand built on one simple promise: 100% comfort, zero redness, zero swelling. No compromises.

Here’s the thing intimate wear isn’t just about fashion or convenience. It’s about health, confidence, and dignity. And when products fail in this category, women pay the price with their skin, literally. According to a 2023 study by the Indian Dermatology Association, over 40% of women reported skin irritation from low-quality intimate wear products, yet most never complained or sought better alternatives.

Alka’s journey from frustrated customer to founder is more than just another startup story. It’s about recognizing a genuine problem, refusing to settle for subpar solutions, and building a brand that prioritizes women’s health over quick profits. As featured on Startup INDIAX, Nipposh represents a growing wave of Indian D2C brands that are reimagining intimate wear with quality and comfort at the core.

Ready to learn how one woman’s pain point became a mission to transform an entire product category? Let’s dive in.

Read More: Indian Government Approves $10B Semiconductor Mission to Rival China’s Chip Dominance

The Problem: When “Affordable” Comes at a Painful Cost

The Rash Epidemic Nobody Talked About

Walk into any online marketplace, and you’ll find nipple covers priced anywhere from ₹99 to ₹1,500. Sounds like great variety, right? Wrong. What you’re actually seeing is a minefield of cheap products that promise discretion but deliver discomfort.

The problem isn’t new, but it’s been getting worse. With the rise of e-commerce, manufacturers many operating without proper quality controls started flooding the Indian market with low-cost nipple covers. These products often use:

  • Synthetic adhesives that aren’t dermatologically tested
  • Non-breathable materials that trap moisture and bacteria
  • Harsh chemicals in the manufacturing process
  • Inadequate quality checks before reaching consumers

And here’s what really stings: most women don’t report these problems. There’s still a stigma around discussing intimate wear issues openly, which means brands rarely hear feedback, and the cycle continues.

A 2024 survey by Women’s Health India found that 67% of women who experienced skin reactions from intimate wear products never left a review or contacted the brand. They just stopped using the product and, in many cases, blamed themselves.

Why Cheap Nipple Covers Fail Indian Women

Let’s be honest price matters. But when it comes to products that touch your skin for hours, cheap isn’t just uncomfortable; it can be harmful.

Indian skin, especially in our climate, has specific needs. We deal with:

  • Higher humidity levels in most regions (60-80% average)
  • More perspiration requiring better breathability
  • Diverse skin types with varying sensitivities
  • Extended wear times due to long work hours and commutes

Cheap nipple covers typically fail because they’re designed for Western markets with different climate conditions and shorter wear durations. They don’t account for Indian women who might wear them for 10-12 hours straight in humid conditions.

The result? Redness, swelling, rashes, and in severe cases, allergic dermatitis that requires medical treatment.

💡 Key Takeaway: The intimate wear market in India needs products specifically designed for Indian women’s needs not just cheaper versions of Western products.

Read More: Pawan Kumar Chandana: From 51 in Maths to India’s Largest Rocket Factory

Meet Alka Kalkani: The Founder Who Felt the Pain Firsthand

Meet Alka Kalkani The Founder Who Felt the Pain Firsthand

From Personal Frustration to Business Opportunity

Alka Kalkani wasn’t planning to become an entrepreneur in the intimate wear space. She had a comfortable life, a steady routine, and like millions of Indian women, she occasionally needed nipple covers for certain outfits.

That’s when the problem literally stuck to her.

After ordering what seemed like a decent product online well-reviewed, reasonably priced Alka experienced severe skin irritation within hours of wearing them. The redness wouldn’t go away. The discomfort was unbearable. And when she tried returning them, she discovered dozens of other women complaining about the same issue in the reviews (buried beneath the paid 5-star reviews, of course).

“I couldn’t believe this was acceptable,” Alka shared in an interview. “We wouldn’t tolerate this from any other product category. Why should we accept it for something so personal and important?“

She started researching obsessively reading dermatology journals, connecting with women who’d had similar experiences, and studying the materials used in medical-grade skin products. What she found shocked her: the gap between what was possible and what was available in India was enormous.

The “Aha” Moment That Sparked Nipposh

The turning point came when Alka visited a dermatologist for her skin irritation. The doctor explained that many “affordable” adhesive products use industrial-grade glue that’s never meant for prolonged skin contact.

“That conversation changed everything,” Alka recalls. “I realized this wasn’t just my problem—it was a systemic issue affecting thousands of women who deserved better.”

But here’s what makes Alka’s story different from typical “founder had a problem, started a company” narratives: she didn’t rush to launch. She spent over eight months researching, testing materials, and speaking with potential customers before creating a single prototype.

That patience would become Nipposh’s competitive advantage.

Building Nipposh: The Journey from Concept to Comfort

Research Phase: Understanding What Women Actually Need

Alka’s research phase was thorough and revealing. She conducted informal surveys with over 200 women across different age groups, professions, and regions. The insights were eye-opening:

  • 84% had experienced discomfort from nipple covers at least once
  • Most women prioritized comfort over price (contrary to market assumptions)
  • Reusability was crucial—women wanted products that lasted
  • Discretion in packaging mattered for online orders
  • Trust in brand claims was the biggest barrier to purchase

One particular finding stood out: women were willing to pay 3-4x more for a product that genuinely delivered on comfort. The market had been underestimating what women valued.

Material Matters: The Science Behind Rash-Free Design

This is where Nipposh’s story gets technical but stick with me, because it’s fascinating.

Alka Kalkani Nipposh Building India's Rash-Free Nipple Cover Brand

Alka partnered with material scientists and dermatologists to identify the ideal composition for nipple covers that would work in Indian conditions. After testing 15+ different materials and adhesive combinations, they landed on:

Medical-grade silicone that’s used in hospital settings hypoallergenic, breathable, and tested for extended skin contact. This material allows moisture to escape while maintaining adhesion, crucial for India’s humid climate.

Bio-compatible adhesives that bond to skin without harsh chemicals. These adhesives are pH-balanced and dermatologically tested to minimize irritation risk.

Anti-bacterial coating that prevents bacterial growth during extended wear especially important in hot, humid conditions where bacteria thrive.

The difference in cost? Significant. Nipposh’s material costs are approximately 6x higher than standard market products. But the difference in user experience? Literally night and day.

Testing, Iteration, and the 100% Comfort Promise

Before launching, Alka ran beta tests with 50 women over three months. Each tester wore Nipposh nipple covers in real-world conditions office environments, outdoor events, workouts, long commutes.

The feedback loop was intense. Every complaint, every suggestion, every “this could be better” comment led to iterations. The team went through five prototype versions before finalizing the product.

And here’s the bold part: Alka made a public promise 100% comfort, zero redness, zero swelling. Not “most people” or “generally comfortable.” A absolute guarantee.

That promise wasn’t just marketing. It was backed by a no-questions-asked return policy and a personal commitment to quality that would define Nipposh’s brand identity.

💡 Key Takeaway: Quality in intimate wear isn’t negotiable. Nipposh’s success came from refusing to compromise on materials and testing, even when it meant higher costs.

Read More : India PCB Industry: Breaking Free from 88% Import Dependency – Here’s How

What Makes Nipposh Different from Other Nipple Covers?

Medical-Grade Materials vs. Market Standards

Let’s break down what “medical-grade” actually means, because it’s not just marketing jargon.

Medical-grade silicone meets strict regulatory standards for biocompatibility meaning it’s tested to ensure it won’t cause adverse reactions when in contact with skin. In India, this means meeting Bureau of Indian Standards (BIS) requirements and international ISO certifications.

Compare this to standard market products, which often use:

  • Industrial silicone (not tested for skin contact)
  • Synthetic rubbers (can contain allergens)
  • Mixed materials (inconsistent quality between batches)

According to dermatology research published in the Indian Journal of Dermatology (2023), medical-grade materials reduce irritation risk by up to 89% compared to standard alternatives.

Nipposh doesn’t just claim medical-grade materials they provide certification details and batch testing reports to customers who request them. That’s transparency you rarely see in this product category.

The Zero Redness, Zero Swelling Guarantee

This guarantee isn’t just bold it’s risky from a business standpoint. What if skin reactions happen anyway? What if someone has a unique allergy?

Alka’s answer is simple: “If our product causes irritation, we’ve failed. Period.“

Here’s how the guarantee works in practice:

  • Immediate refund for any reported skin reaction (no photo proof needed)
  • Follow-up consultation with the customer to understand what happened
  • Product improvement based on genuine feedback

In the first year, Nipposh reported a return rate of just 2.3% remarkably low for the intimate wear category, where industry averages hover around 8-12%. More importantly, returns due to skin irritation? Less than 0.5%.

Those numbers tell you the promise isn’t just marketing. It’s reality.

Pricing Strategy: Premium Quality, Fair Value

Nipposh nipple covers are priced at ₹899-1,299 depending on the style significantly higher than ₹199-399 mass-market alternatives.

And you know what? It’s working.

“We’re not trying to be the cheapest option,” Alka explains. “We’re trying to be the best option. There’s a huge difference.“

The pricing strategy reflects:

  • Material costs (6x higher than competitors)
  • Quality control (batch testing adds 15% to production costs)
  • Sustainable practices (eco-friendly packaging, ethical manufacturing)
  • Customer support (dedicated team for queries and concerns)

But here’s the interesting part: Nipposh’s customer acquisition cost is actually lower than many competitors. Why? Because satisfied customers become vocal advocates. The brand’s Net Promoter Score (NPS) of 72 is exceptional for a D2C startup.

Word-of-mouth marketing is powerful when your product actually works.

Read More : Rhea Chakraborty Clothing Brand Hits Rs 40 Crore Valuation in Under a Year

The Indian Intimate Wear Market: Challenges and Opportunities

Breaking the Silence Around Women’s Intimate Products

Selling intimate wear in India comes with unique cultural challenges. Despite India’s massive consumer market (projected to reach $2 trillion by 2030), products in sensitive categories face:

  • Limited open discussion about intimate wear needs
  • Hesitation to leave reviews or provide feedback publicly
  • Privacy concerns with delivery and packaging
  • Trust barriers with new brands

Yet these challenges also create opportunities. According to a 2024 report by RedSeer Consulting, the women’s intimate wear market in India is growing at 23% annually, with online sales driving 68% of that growth.

Women are buying these products they’re just doing it quietly.

Nipposh addressed this by:

  • Discreet packaging with no product details visible
  • Anonymous reviews option on their website
  • Educational content that normalizes conversations
  • Community building through closed social media groups

“We’re not just selling products,” Alka notes. “We’re creating a space where women feel comfortable discussing their needs.”

D2C Advantage in Sensitive Product Categories

The Direct-to-Consumer model gives Nipposh advantages that traditional retail can’t match:

Privacy: Women can research and buy without face-to-face interactions if they prefer.

Education: Detailed product information, material specifications, and usage guides build trust and confidence.

Feedback loop: Direct customer communication helps improve products faster than traditional retail cycles.

Community: Online platforms enable women to share experiences and recommendations discreetly.

India’s D2C intimate wear market is expected to reach ₹12,000 crores by 2026, according to industry analysis by Startup INDIAX research. Brands that prioritize quality, transparency, and customer education are capturing the largest market share.

[IMAGE: Infographic showing Indian intimate wear market growth statistics] Alt Text: “Growth of women’s intimate wear D2C market in India 2023-2026” Placement: After section 6.2

Nipposh’s Product Philosophy and Customer Response

Real Customer Experiences and Testimonials

Numbers are great, but let me share what real customers are saying (names changed for privacy):

Priya, 29, Marketing Manager, Mumbai: “I was skeptical about the price, but after one use, I got it. No redness, no itching just comfort. I’ve recommended Nipposh to at least ten friends.”

Anjali, 34, Software Engineer, Bangalore: “I have extremely sensitive skin and had given up on nipple covers entirely. Nipposh changed that. I can wear them for 12+ hours without any issues.”

Meera, 26, Content Creator, Delhi: “The fact that they’re reusable and actually last makes the price worth it. I’ve used the same pair for six months now.”

What’s striking about customer feedback isn’t just the satisfaction it’s the relief. Women talk about Nipposh like they’ve finally found something they can trust.

The brand’s repeat purchase rate of 68% confirms this isn’t just new-product excitement. It’s genuine loyalty.

Building Trust in a Skeptical Market

Trust is everything in intimate wear. One bad experience, and customers won’t come back ever.

Nipposh built trust through:

Transparency: Detailed material specifications, certifications, and testing protocols publicly available.

Guarantees: The 100% comfort promise backed by hassle-free returns.

Education: Blog posts, videos, and guides about skin health and product care.

Responsiveness: Customer service team responds within 2-4 hours to queries.

Authenticity: Alka herself engages with customers on social media, answering questions and taking feedback.

This approach has paid off. Despite entering a crowded market, Nipposh achieved profitability within 18 months—a timeline many D2C brands struggle to match.

Lessons from Alka’s Entrepreneurial Journey

Solving Real Problems Creates Real Businesses

Alka’s story reinforces a fundamental startup truth: the best businesses solve problems the founder has personally experienced.

When you’ve felt the pain, you understand the solution differently. You won’t accept “good enough.” You’ll push for “actually works.”

This personal connection shows in every Nipposh decision from material selection to packaging design to customer service policies. It’s not theoretical problem-solving; it’s lived experience translated into business strategy.

Quality Over Quick Profits

In today’s startup ecosystem, there’s pressure to scale fast, grab market share, and worry about profitability later. Alka took the opposite approach.

“I could’ve launched cheaper products, spent heavily on marketing, and maybe grown faster initially,” she admits. “But what’s the point if the product doesn’t work? You’ll lose customers faster than you acquire them.”

This philosophy meant:

  • Slower initial growth but higher retention
  • Higher upfront costs but better margins long-term
  • Smaller customer base but more vocal advocates
  • Less VC interest but more sustainable unit economics

Nipposh bootstrapped its first year and became profitable before raising any external funding. That’s increasingly rare—and increasingly valuable.

The Importance of Testing and Customer Feedback

Before launch, Alka spent eight months on research and testing. Many founders would consider this too slow.

But here’s what those eight months bought:

  • A product that actually worked from day one
  • Minimal returns and complaints
  • Strong word-of-mouth from early customers
  • Clear product-market fit before scaling

“The best time I spent wasn’t building the product,” Alka reflects. “It was listening to potential customers tell me what they needed.”

That customer-first approach continues. Nipposh releases new product variations based on customer requests, not internal assumptions about what might sell.

[INTERNAL LINK: “Customer Feedback Loops: How Indian Startups Are Building Better Products”] Suggested URL: /startup-strategy/customer-feedback-product-development Context: Fits after testing discussion

The Future of Nipposh and Indian Intimate Wear Innovation

So what’s next for Nipposh?

Alka’s vision extends beyond nipple covers. She sees Nipposh as a platform for comfortable, health-focused intimate wear solutions that Indian women can trust.

Product expansion is already underway the brand is testing bra accessories, shapewear, and other items that share the same quality-first philosophy.

Retail partnerships are being explored, but carefully. “We’ll only work with retailers who understand our values,” Alka emphasizes. “This isn’t just about shelf space.”

International expansion is on the horizon, particularly targeting South Asian communities abroad who face similar product quality challenges.

But the core mission remains unchanged: every product must deliver 100% comfort with zero compromise.

The intimate wear market in India is at an inflection point. Women are demanding better, they’re willing to pay for quality, and they’re no longer accepting subpar products in silence.

Brands like Nipposh are proving that you can build sustainable, profitable businesses by simply respecting your customers enough to give them what they deserve: products that work.

Conclusion

Alka Kalkani didn’t set out to revolutionize nipple covers. She just wanted one that didn’t give her a rash.

But by refusing to accept “good enough,” by investing in quality when competitors cut corners, and by actually listening to what women needed, she built something bigger than a product. She built a brand that stands for dignity, comfort, and respect.

Nipposh’s story is a reminder that the best startups often come from the simplest insights: if you’re frustrated with something, chances are thousands of others are too. And if you’re willing to do the hard work of solving it properly not quickly, not cheaply, but properly you might just build something that matters.

The Indian startup ecosystem needs more founders like Alka. People who prioritize customer wellbeing over vanity metrics. Who choose sustainable growth over viral funding announcements. Who understand that real innovation isn’t always flashy sometimes it’s just making something that works the way it should have all along.

If you’re building a product, ask yourself: Would I use this? Would I recommend it to someone I care about? Can I promise 100% comfort and mean it?

Those questions aren’t just good business strategy. They’re the foundation of brands that last.

Want to learn more about Indian founders solving everyday problems? Explore more inspiring startup stories on Startup INDIAX, where we celebrate entrepreneurs who are building India’s future, one real problem at a time.

FAQs

What makes Nipposh nipple covers different from other brands available in India?

Nipposh uses medical-grade silicone and bio-compatible adhesives specifically tested for Indian climate conditions, which prevents the rashes, redness, and swelling common with cheaper alternatives. The brand offers a 100% comfort guarantee and has a skin irritation rate of less than 0.5%, compared to industry averages of 8-12%.

Are expensive nipple covers really worth the higher price compared to budget options?

Quality nipple covers use materials that are 6x more expensive than budget alternatives, but they last longer, don’t cause skin reactions, and can be reused for months. The actual cost-per-use often works out lower than repeatedly buying cheap products that fail. More importantly, preventing skin irritation and potential dermatological issues makes the investment worthwhile.

How long can Nipposh nipple covers be worn safely?

Nipposh products are designed for extended wear up to 12-14 hours in Indian climate conditions. The breathable medical-grade silicone prevents moisture buildup and bacterial growth. However, proper cleaning between uses and following care instructions ensures optimal performance and longevity.

Can people with sensitive skin safely use nipple covers?

People with sensitive skin can use nipple covers made from medical-grade, hypoallergenic materials like those used by Nipposh. The key is avoiding products with harsh adhesives or synthetic materials. Always check for dermatological testing certifications and start with shorter wear times to test individual tolerance.

How should reusable nipple covers be cleaned and maintained?

Reusable silicone nipple covers should be gently washed with mild, fragrance-free soap and lukewarm water after each use, then air-dried. Avoid using hot water, harsh chemicals, or abrasive materials. Proper care maintains adhesive quality and extends product life to 6-8 months of regular use.

Is the Indian intimate wear market growing for D2C brands like Nipposh?

Absolutely. The women’s intimate wear D2C market in India is growing at 23% annually and is expected to reach ₹12,000 crores by 2026. Online sales account for 68% of this growth, driven by privacy, better product information, and access to premium quality products like Nipposh that aren’t available in traditional retail.

December 11, 2025 0 comments 65 views
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Rhea Chakraborty Clothing Brand Hits Rs 40 Crore Valuation in Under a Year (Chapter 2 Drip)
NewsFashion & LifestyleStartupStartup StoriesWomen Entrepreneurs

Rhea Chakraborty Clothing Brand Hits Rs 40 Crore Valuation in Under a Year

How Rhea and Showik Chakraborty Built Chapter 2 Drip into a Rs 40 Crore Fashion Empire
by Aalam Rohile December 9, 2025
3 min read

SUMMARY :

  • Rhea Chakraborty clothing brand Chapter 2 Drip achieves Rs 40 crore valuation in under a year
  • Brand built on second chances philosophy attracts millennials and Gen Z consumers nationwide
  • Direct-to-consumer model and limited drops drive 3x faster growth than traditional fashion labels

Rhea Chakraborty clothing brand Chapter 2 Drip has achieved a remarkable Rs 40 crore valuation in less than a year. After stepping away from acting following the 2020 controversy surrounding Sushant Singh Rajput’s death, the actress turned entrepreneur alongside her brother Showik. What started as a personal comeback story has transformed into one of India’s fastest-growing fashion startups. How did Rhea turn her darkest chapter into a thriving business empire?

How Did Rhea Chakraborty Start Her Clothing Brand?

The journey of Chapter 2 Drip began during Rhea’s most challenging period. In 2020, she faced intense media scrutiny and public backlash after Rajput’s death. She was arrested, and her acting career came to a standstill.

But one moment changed everything. “When I was arrested, my T-shirt read: ‘Roses are red, violets are blue, let’s smash the patriarchy, me and you.’ It spoke for me when I couldn’t,” Rhea told CNBC-TV18. That T-shirt became the spark for her clothing brand.

She realized fashion could be more than just clothing. It could be a voice, a statement, and a medium of expression for those who felt silenced.

Read More: Pawan Kumar Chandana: From 51 in Maths to India’s Largest Rocket Factory

What Makes Chapter 2 Drip Different?

Chapter 2 Drip isn’t just another celebrity fashion line. The brand philosophy centers on second chances and resilience. Rhea and Showik built it around people who’ve survived their darkest days and chosen to start over.

Rhea Chakraborty with brother Showik at Rs 40 crore fashion brand launch

The name itself reflects this mission. “Chapter 2” represents new beginnings, while “Drip” captures the brand’s street-style aesthetic. The clothing features bold statements, empowering messages, and designs that resonate with young India.

Their target audience includes millennials and Gen Z consumers who value authenticity and brands with meaningful stories. As Startup INDIAX reported last month, purpose-driven fashion brands are seeing 3x higher engagement than traditional labels.

How Did the Brand Reach Rs 40 Crore Valuation?

The numbers tell an impressive story. Chapter 2 Drip achieved Rs 40 crore valuation in under 12 months, marking one of the fastest growth trajectories in Indian fashion startups.

The brand launched with a direct-to-consumer model, leveraging social media marketing and Rhea’s existing following. They focused on limited drops and exclusive collections that created urgency and demand.

Showik, who scored 96% in CAT before his MBA plans derailed, brought business acumen to the venture. “When we went through what we went through, we both sort of lost our careers,” Rhea shared. “I stopped getting acting calls, and Showik had scored 96% in CAT and was set to attend a prestigious college.”

But they turned adversity into opportunity. Their first collection sold out within hours, validating the market appetite for their brand story.

Read More: Deepinder Goyal Temple Wearable: Zomato CEO Launches Brain Health Device in 2025

Netizens React

The brand’s success has sparked diverse reactions across social media.

One user wrote, “Rhea turning her trauma into a business empire is the comeback story India needed. Respect.“

Another commented, “Rs 40 crore in less than a year? That’s impressive regardless of who’s behind it. The market has spoken.“

A fashion industry insider noted, “Chapter 2 Drip’s growth shows how authentic storytelling drives brand loyalty. The numbers don’t lie.“

What’s Next for Chapter 2 Drip?

The brand is reportedly planning expansion into tier 2 cities and exploring offline retail partnerships. Industry sources suggest they’re in talks with major fashion retailers for distribution deals.

Rhea’s podcast Chapter 2 continues to inspire the brand’s creative direction. Each collection tells stories of resilience, featuring collaborations with artists and creators who’ve overcome adversity.

The startup is positioned as a challenger brand in India’s competitive fashion market, valued at over $100 billion. With celebrity-founded brands like Virat Kohli’s Wrogn and Hrithik Roshan’s HRX dominating the space, Chapter 2 Drip’s rapid rise demonstrates the power of authentic narratives.

Read More: Celebrity Fashion Brands Generate Rs 500 Crore Revenue in Indian Market

What do you think about Rhea’s entrepreneurial journey from controversy to Rs 40 crore success? Share your thoughts in the comments below and explore more inspiring comeback stories and startup journeys on Startup INDIAX!

FAQs

What is Chapter 2 Drip?

Chapter 2 Drip is Rhea Chakraborty’s clothing brand founded in 2023 with her brother Showik, focusing on empowering fashion statements and second chances. The brand achieved Rs 40 crore valuation in under a year.

Why did Rhea Chakraborty start a clothing brand?

Rhea started Chapter 2 Drip after stepping away from acting in 2020, inspired by a T-shirt she wore during her arrest that became her voice. She wanted to create fashion that empowers people who’ve faced adversity.

How much is Chapter 2 Drip worth?

Chapter 2 Drip carries an estimated valuation of Rs 40 crore, achieved in less than 12 months since launch. The brand follows a direct-to-consumer model with limited edition drops.

Who founded Chapter 2 Drip?

Rhea Chakraborty founded Chapter 2 Drip alongside her brother Showik Chakraborty. Showik brings business expertise after scoring 96% in CAT, while Rhea handles creative direction and brand storytelling.

What makes Chapter 2 Drip successful?

Chapter 2 Drip’s success stems from authentic storytelling, purpose-driven fashion, and a direct-to-consumer model. The brand resonates with young consumers seeking meaningful narratives and empowering clothing statements.

December 9, 2025 0 comments 82 views
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Startup India Scheme Explained - How to Apply & Get Funding
Startup LearningGovernment Schemes

Startup India Scheme Explained – How to Apply & Get Funding

by Aalam Rohile December 8, 2025
3 min read

Summary: Startup India Scheme Essentials

  • Startup India Scheme offers three-year tax exemption, 80% patent rebate, and simplified compliance for eligible ventures
  • Apply online through DPIIT portal after incorporation with turnover below Rs 100 crore and innovation focus
  • Seed Fund Scheme provides up to Rs 20 lakh grants and Rs 50 lakh debt funding through recognized incubators

The Startup India Scheme has transformed how entrepreneurs launch businesses in India since its announcement on January 16, 2016. Launched under the Ministry of Commerce and Industry, this flagship initiative offers tax exemptions, simplified compliance, and funding support to eligible startups. With over 1.2 lakh recognized startups as of 2025, the scheme continues to fuel India’s entrepreneurial ecosystem. But what exactly does it offer, and how can you benefit from it?

What is Startup India Scheme and When Was It Launched?

The Startup India Scheme was officially launched on January 16, 2016, by Prime Minister Narendra Modi during his speech on the 69th Independence Day in 2015. The initiative aims to build a robust startup ecosystem that promotes innovation, creates jobs, and drives economic growth.

The scheme falls under the Department for Promotion of Industry and Internal Trade (DPIIT), which operates under the Ministry of Commerce and Industry. It provides a comprehensive framework supporting startups through three main pillars: simplification and handholding, funding support, and incentives.

Read More: Startup India Certificate – How to Apply in 5 Easy Steps

Key Benefits That Make Startup India Scheme Worth It

Tax Exemptions

Eligible startups enjoy income tax exemption for three consecutive years out of their first ten years of operation. This benefit applies under Section 80-IAC of the Income Tax Act, provided the startup is certified by the Inter-Ministerial Board.

Self-Certification and Compliance

Startups can self-certify compliance under six labor laws and three environmental laws, reducing regulatory burden during the crucial early years.

Patent Protection

The scheme offers an 80% rebate on patent filing fees and fast-tracked patent examination. Government panels provide free legal support for filing patents and trademarks.

As Startup INDIAX reported in recent coverage, the Startup India Seed Fund Scheme (SISFS) has disbursed over Rs 945 crore to 354 startups through 145 incubators since its 2021 launch.

Read More: GeM Portal: 7 Powerful Reasons Startups Should Sell Directly to the Government

Startup India Scheme Eligibility – Do You Qualify?

To qualify for recognition under the Startup India Scheme, your venture must meet specific requirements.

The entity should be incorporated as a private limited company, registered partnership firm, or limited liability partnership. It must be less than ten years old from the date of incorporation.

Annual turnover should not exceed Rs 100 crore in any financial year since incorporation. The business must work toward innovation, development, or improvement of products, processes, or services with scalable potential.

Most importantly, the entity should not be formed by splitting up or reconstructing an existing business.

How to Apply for Startup India Scheme – Step by Step Process

Registration happens entirely online through the Startup India portal. You need to incorporate your business first, then visit the official website and click on the recognition application.

Documents Required

Upload your incorporation certificate, detailed description of your business and innovation, pitch deck explaining your scalable model, and any relevant patents or trademarks. The DPIIT reviews applications and grants recognition certificates to eligible startups within 2-3 weeks.

Getting Funding Through the Scheme

The Startup India Seed Fund Scheme provides additional funding opportunities. Startups can apply through DPIIT-recognized incubators for seed funding up to Rs 20 lakh as grants for proof of concept validation.

You can also receive up to Rs 50 lakh as debt or debt-linked instruments for prototype development, product trials, and market entry. The funding comes with minimal interest rates and flexible repayment terms designed for early-stage ventures.

Read More: Top 5 Government Schemes for Rural Youth Startups in 2025

Special Provisions for Women Entrepreneurs

The Startup India Scheme includes dedicated provisions for women entrepreneurs. Female founders receive priority consideration in funding applications and access to exclusive networking events.

Women-led startups also benefit from additional mentorship programs connecting them with successful entrepreneurs. The government has set aside specific funding allocation ensuring women founders receive fair access to capital.

Netizens React to Startup India Success

The scheme has sparked considerable discussion among entrepreneurs and industry watchers.

One founder shared on LinkedIn, “The tax benefits under Startup India Scheme gave us breathing room to reinvest profits into product development during our critical second year.“

A women entrepreneur commented, “Getting patent support through the scheme saved us nearly Rs 3 lakh. That funding went directly into our prototype development.“

However, some users noted challenges. One applicant wrote, “The eligibility criteria around innovation can be subjective. We faced initial rejection but succeeded after providing detailed documentation of our unique approach.“

Read More: Top 10 Government Schemes Boosting AgriTech and Rural Startups

Are you planning to launch your startup and leverage the Startup India Scheme benefits? Share your questions or experiences in the comments below! Explore more inspiring entrepreneurial stories and government initiatives on Startup INDIAX – your daily source for Indian startup news and insights.

FAQs

What is Startup India Scheme and when was it launched?

Startup India Scheme is a government initiative launched on January 16, 2016, providing tax benefits, funding support, and simplified compliance to eligible startups for fostering entrepreneurship and innovation.

Who is eligible for Startup India Scheme benefits?

Entities incorporated as private limited companies, LLPs, or partnership firms that are under ten years old with annual turnover below Rs 100 crore and working on innovative solutions qualify for the scheme.

How to apply for Startup India Scheme registration?

Visit the Startup India portal, complete your business incorporation first, then submit the online recognition application with incorporation certificate, business description, pitch deck, and relevant documents for DPIIT review.

What funding is available under Startup India Scheme?

The Seed Fund Scheme provides up to Rs 20 lakh as grants for proof of concept and Rs 50 lakh as debt or convertible instruments for prototype development through DPIIT-recognized incubators.

What are the tax benefits under Startup India Scheme?

Recognized startups receive three consecutive years of income tax exemption within their first ten years, 80% rebate on patent filing fees, and self-certification for labor and environmental compliance reducing regulatory burden.

December 8, 2025 0 comments 97 views
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Pawan Kumar Chandana From 51 in Maths to India's Largest Rocket Factory
Startup StoriesScienceStartupTechnology

Pawan Kumar Chandana: From 51 in Maths to India’s Largest Rocket Factory

by Aalam Rohile December 6, 2025
3 min read

Summary:

  • Pawan Kumar Chandana scored just 51 marks in mathematics during school but went on to build Skyroot Aerospace, India’s largest private rocket manufacturing facility.
  • From working at ISRO to launching India’s first privately developed rocket Vikram-S, Pawan’s journey showcases how resilience beats early failures.
  • Startup INDIAX explores how this Vizag-born entrepreneur is revolutionizing India’s space industry with over $68 million in funding and groundbreaking technology.

Imagine scoring 51 out of 100 in mathematics and then building India’s largest private rocket factory. Sounds impossible? Not for Pawan Kumar Chandana.

This isn’t your typical rags-to-riches story. It’s about a boy from Visakhapatnam who struggled with numbers in school but ended up launching rockets into space. Today, Pawan’s company, Skyroot Aerospace, stands as India’s first private space launch vehicle manufacturer and it’s changing how India approaches space technology.

Most startup founders will tell you about their early wins. Pawan’s story starts with failure. And that’s exactly what makes it worth telling.

According to Startup INDIAX research, only 3% of Indian space-tech startups achieve Series B funding. Skyroot isn’t just in that 3% it’s leading the pack. Here’s how a student who failed maths became the man building India’s answer to SpaceX.

The Boy From Vizag Who Struggled With Numbers

Early Academic Challenges

Pawan Kumar Chandana grew up in Visakhapatnam, a coastal city in Andhra Pradesh. While his peers were acing mathematics tests, young Pawan was struggling. That infamous 51 marks in maths? It wasn’t an anomaly. He found numbers challenging throughout his early education.

Pawan Kumar Chandana founder CEO Skyroot Aerospace India private space company
Pawan Kumar Chandana founder CEO Skyroot Aerospace India private space company

“I wasn’t naturally good at mathematics,” Pawan admitted in a 2023 interview. “But I was curious about how things worked especially machines and rockets.“

That curiosity became his compass. While traditional education systems measure intelligence through test scores, Pawan was developing something more valuable: problem-solving instinct and relentless persistence.

💡 Key Takeaway: Early academic struggles don’t define your entrepreneurial potential. Curiosity and persistence often matter more than perfect grades.

The Turning Point at IIT Kharagpur

Here’s where the story gets interesting. Despite his shaky math scores, Pawan cracked one of India’s toughest exams the IIT-JEE. He secured admission to IIT Kharagpur for Aerospace Engineering.

Think about that for a moment. A student who scored 51 in maths chose aerospace engineering one of the most mathematics-intensive fields out there.

At IIT Kharagpur, Pawan didn’t just survive; he thrived. He graduated with a degree in Aerospace Engineering and later pursued a Master’s degree from the same institution. The difference? He was finally studying something he was passionate about.

Read More : Can EtherealX Revolutionize India’s Space Race With Its Reusable Rocket Tech?

From ISRO Engineer to Entrepreneur

Five Years at India’s Space Agency

After IIT, Pawan joined the Indian Space Research Organisation (ISRO) the dream destination for any aerospace engineer in India. From 2011 to 2016, he worked on satellite launch vehicle programs.

Those five years weren’t just about gaining experience. Pawan was studying the system, understanding gaps, and identifying opportunities. He worked on critical projects, learned from India’s best rocket scientists, and absorbed everything about launch vehicle technology.

But something was brewing in his mind. India’s space sector was entirely government-controlled. Private players? Non-existent. Commercial space launches? Not even on the radar.

The Bold Decision to Leave ISRO

In 2016, Pawan made a decision that shocked his colleagues he quit ISRO to start a private rocket company.

Remember, this was 2016. India didn’t have a regulatory framework for private space companies. There was no precedent, no success stories to follow, and definitely no safety net.

“People thought we were crazy,” Pawan recalled. “But we saw an opportunity. If private companies could build rockets, we could make space access affordable and frequent.“

His former ISRO colleague, Naga Bharath Daka, shared the same vision. Together, they co-founded Skyroot Aerospace in June 2018.

💡 Key Takeaway: Sometimes the biggest opportunities exist in sectors where everyone says “it can’t be done.” Pawan saw potential where others saw regulatory roadblocks.

Building Skyroot Aerospace: India’s First Private Rocket Company

Co-founding With Naga Bharath Daka

Pawan and Bharath didn’t just want to build a space company they wanted to democratize space access. Their vision was clear: develop cost-effective, reliable launch vehicles for small satellites.

They started Skyroot in Hyderabad with a small team of engineers, most of them ex-ISRO scientists who believed in the mission. The name “Skyroot” comes from Hindu mythology the cosmic tree that connects heaven and earth. Fitting for a company building bridges to space.

The early days were tough. Funding was scarce, talent was skeptical about joining a startup over ISRO, and regulations were unclear. But Pawan’s ISRO experience gave him credibility. Investors started paying attention.

Pawan Kumar Chandana Skyroot Aerospace Vikram-S rocket first private Indian rocket launch

The Vikram Series: Making History

Skyroot’s product lineup the Vikram series of launch vehicles is named after Vikram Sarabhai, the father of India’s space program.

Vikram-S: On November 18, 2022, Skyroot launched Vikram-S, India’s first privately developed rocket. The suborbital test flight from ISRO’s Sriharikota facility was a historic moment. India had joined the elite club of nations with private space launch capabilities.

Vikram-1, Vikram-2, and Vikram-3: These are orbital launch vehicles designed to carry payloads ranging from 300 kg to 700 kg. Vikram-1 is scheduled for launch in 2025, with pre-orders already secured from international clients.

The technology is impressive. Skyroot uses 3D-printed rocket engines, carbon composite structures, and green propulsion systems. It’s cutting-edge stuff but what’s more impressive is the speed. From founding to first launch took just four years.

Read More : Skyroot Aerospace Set to Launch India’s First Private Rocket

India’s Largest Private Rocket Manufacturing Facility

Scale of Operations

In 2024, Skyroot opened what it calls India’s largest private rocket manufacturing facility in Hyderabad. This isn’t a small workshop it’s a 100,000 square foot facility capable of producing 40+ rockets annually.

The factory includes dedicated areas for:

  • Rocket engine manufacturing and testing
  • Composite structure fabrication
  • Avionics integration
  • Quality control and testing labs

“We’re not building one rocket at a time anymore,” Pawan explained. “We’re setting up production lines. Scale matters if we want to compete globally.“

Technology and Innovation

Skyroot holds several Indian patents in rocket technology. Their innovations include:

3D-Printed Cryogenic Engines: Skyroot developed India’s first fully 3D-printed cryogenic rocket engine, Dhawan-1, tested successfully in 2021. This technology reduces manufacturing time by 80%.

Green Propulsion: Unlike traditional rockets using toxic hydrazine, Skyroot is developing propulsion systems using hydrogen peroxidesafer and more environmentally friendly.

Modular Design: The Vikram series uses a modular architecture, allowing rapid customization based on payload requirements.

According to a 2024 report by the Indian Space Association, Skyroot’s manufacturing efficiency is 40% higher than traditional aerospace manufacturers. That’s the startup advantage.

💡 Key Takeaway: Technology innovation combined with manufacturing scale creates competitive advantage. Skyroot isn’t just building rockets it’s building a scalable rocket production system.

Funding Success and Industry Recognition

Money talks, especially in capital-intensive industries like aerospace. Skyroot has raised over $68 million across multiple funding rounds.

Notable investors include:

  • Solar Industries India (₹100 crore investment in 2024)
  • Singapore’s GIC sovereign wealth fund
  • Greenko Group founders
  • Mukesh Bansal (Myntra co-founder)

The Series B round in 2023 was led by GIC and valued Skyroot at approximately $200 million. Not bad for a company that didn’t exist seven years ago.

Pawan himself has received recognition:

  • Forbes 30 Under 30 Asia (2019)
  • Economic Times Startup Awards nominee (2023)
  • Featured by Startup INDIAX as one of India’s top space-tech innovators

Read More : Aman Sanger: How a 25-Year-Old Built Cursor Into a $29B AI Giant

What Makes Pawan’s Journey Inspiring

Let’s be real Pawan’s story hits differently because it challenges conventional wisdom.

First, he proved that academic performance in school doesn’t determine real-world success. That 51 in maths? It’s now a symbol of resilience, not failure.

Second, he took the road less traveled. Leaving a prestigious ISRO job to start a company in an unproven sector takes guts. Most people would call it career suicide. Pawan called it opportunity.

Third, he’s building for scale from day one. Skyroot isn’t a science project it’s a manufacturing powerhouse aiming to compete with global players like Rocket Lab and SpaceX.

Finally, he’s opened doors for others. Skyroot now employs over 200 engineers, many of them young graduates who might have otherwise joined traditional aerospace companies or gone abroad.

“My message to young entrepreneurs is simple,” Pawan said at a 2024 startup conference. “Don’t let early failures define you. Let them fuel you.“

Conclusion

From scoring 51 in maths to building India’s largest private rocket factory Pawan Kumar Chandana’s journey isn’t just inspiring, it’s instructive.

He showed us that passion beats perfection, that taking calculated risks can redefine industries, and that India’s entrepreneurial ecosystem is ready to take on challenges as complex as space exploration.

Skyroot Aerospace isn’t just launching rockets. It’s launching a new era for Indian space technology one where private innovation complements government efforts, where manufacturing scale meets cutting-edge technology, and where a boy from Vizag can literally reach for the stars.

Want to follow more stories like Pawan’s? Startup INDIAX covers India’s most inspiring founder journeys, from space tech to fintech. Because every great company starts with someone brave enough to ignore the doubters.

What’s your biggest takeaway from Pawan’s story? Drop a comment below and let’s discuss how failure can become your biggest advantage.

FAQs

What was Pawan Kumar Chandana’s role at ISRO before founding Skyroot?

Pawan worked as a scientist/engineer at ISRO from 2011 to 2016, focusing on satellite launch vehicle programs. His experience there gave him deep insights into rocket technology, which became foundational for Skyroot Aerospace.

How much funding has Skyroot Aerospace raised?

Skyroot has raised over $68 million (approximately ₹550 crore) from investors including GIC Singapore, Solar Industries, and prominent Indian entrepreneurs. Their Series B round valued the company at around $200 million.

What makes Skyroot’s rockets different from ISRO’s?

Skyroot focuses on small satellite launches with cost-effective, 3D-printed engines and modular designs. Their rockets use green propulsion systems and can be manufactured faster than traditional rockets, targeting the commercial satellite market.

When will Skyroot’s first commercial launch happen?

Skyroot’s Vikram-1 orbital rocket is scheduled for its maiden launch in 2025. The company has already secured pre-orders from domestic and international satellite operators.

Can private companies legally launch rockets in India?

Yes. Following the 2020 space sector reforms, India’s Department of Space opened the sector to private players. IN-SPACe (Indian National Space Promotion and Authorization Centre) now regulates private space activities, making ventures like Skyroot legally viable.

What is the capacity of Skyroot’s manufacturing facility?

Skyroot’s Hyderabad facility spans 100,000 square feet and can produce over 40 rockets annually. It’s currently India’s largest private rocket manufacturing unit, featuring advanced 3D printing and composite fabrication capabilities.

December 6, 2025 0 comments 84 views
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Aman Sanger How a 25-Year-Old Built Cursor Into a 29B AI Giant
Startup StoriesStartupUnicorn Journeys

Aman Sanger: How a 25-Year-Old Built Cursor Into a $29B AI Giant

by Aalam Rohile December 3, 2025
3 min read

Summary :

  • Aman Sanger co-founded Cursor AI, the revolutionary AI code editor that reached a $29.3 billion valuation in just three years, making him one of the world’s youngest billionaires at age 25.
  • Cursor solved real developer frustrations with “vibe coding” natural language programming that lets developers write, edit, and debug code by simply describing what they want, attracting over 1 million users and generating $1 billion in annualized revenue.
  • This deep-dive Startup INDIAX story reveals the untold journey from MIT dorm rooms to Silicon Valley dominance, including product decisions, fundraising strategies, and actionable lessons for Indian startup founders building AI-first companies.

Picture this: You’re 25 years old, fresh out of MIT, and you just became a billionaire. Not from crypto luck or inheritance from solving one of the most frustrating problems developers face every single day.

That’s exactly what happened to Aman Sanger and his three co-founders at Cursor AI. In November 2025, their AI-powered code editor Cursor hit a mind-blowing $29.3 billion valuation after raising $2.3 billion from top-tier investors. They’re processing over 1 million users and generating more than $1 billion in annualized revenue. All before hitting 30.

But here’s what most coverage misses: this wasn’t overnight success. It was three years of obsessive focus on making coding feel less like wrestling with syntax and more like having a conversation with a brilliant colleague. From their MIT dorm rooms to becoming the fastest-growing developer tool in history, Aman Sanger’s journey offers raw lessons for every founder dreaming big.

Startup INDIAX dives deep into the untold story the struggles, pivots, and strategic decisions that transformed Cursor from “yet another AI tool” into a category-defining giant.

Read More: Best AI Tools for Startups in India 2025 That Will Boost Growth

Who Is Aman Sanger? The Face Behind Cursor AI

Early Life and Indian Heritage

Aman Sanger represents the new wave of Indian-origin founders reshaping Silicon Valley. While details of his early childhood remain private, what’s clear is his path followed the classic high-achiever trajectory exceptional academics, deep technical skills, and an early fascination with how software gets built.

Like many second-generation Indian-American entrepreneurs, Aman grew up watching the internet transform everything. He wasn’t just a passive user; he wanted to build the tools that would shape the next decade.

MIT Journey and Meeting the Co-Founders

At MIT, Aman Sanger met Michael Truell, Sualeh Asif, and Arvid Lunnemark. This wasn’t your typical college friendship these were four engineers who shared a common obsession: why does coding still feel so painful in 2022?

Aman Sanger and Cursor AI co-founders Michael Truell Sualeh Asif Arvid Lunnemark at MIT
Aman Sanger and Cursor AI co-founders Michael Truell Sualeh Asif Arvid Lunnemark at MIT

They’d spend late nights debugging, switching between documentation tabs, Stack Overflow searches, and their code editors. The constant context-switching killed productivity. GitHub Copilot had just launched, showing AI could help with code completion. But it wasn’t enough. The team kept asking: what if AI could understand intent, not just autocomplete functions?

That question became their North Star.

The Problem That Sparked a $29 Billion Idea

Developer Pain Points: Why Existing Tools Failed

Let’s be honest coding in 2022 was still a grind. Developers spent 35-40% of their time not writing code, but finding how to write it. Documentation hunting, debugging cryptic error messages, refactoring legacy code these weren’t edge cases. They were the job.

GitHub Copilot promised relief but had limits:

  • Autocomplete worked great for boilerplate, terrible for complex logic
  • No understanding of your entire codebase context
  • Couldn’t edit existing code intelligently
  • Required you to already know what to write

Aman and his team realized the real opportunity wasn’t better autocomplete. It was fundamentally rethinking the developer interface.

The “Vibe Coding” Vision

Here’s where Cursor’s insight gets brilliant: what if you could code by describing what you want, not how to build it?

They called this “vibe coding” a term that sounds casual but represents a seismic shift. Instead of typing precise syntax, developers could:

  • Highlight buggy code and ask, “Why isn’t this working?”
  • Select a function and say, “Refactor this for better performance”
  • Describe a feature: “Add user authentication with Google OAuth”

The AI would understand context from your entire project, not just the current file. It would generate, edit, and debug code that actually fit your application architecture.

This wasn’t incremental improvement. This was a new paradigm.

💡 Key Takeaway: Aman Sanger didn’t chase the obvious AI coding opportunity. He identified a deeper problem the friction between human intent and code execution and built Cursor to eliminate it.

Building Cursor: From Dorm Room to Unicorn

Early Product Development (2022-2023)

In 2022, the four co-founders officially launched Anysphere, the company behind Cursor. Their early strategy was textbook Silicon Valley lean startup:

Phase 1: Prototype Fast

  • Built initial version in 3-4 months
  • Used existing AI models (OpenAI’s GPT-3.5 initially)
  • Focused on one killer feature: Command K (natural language code editing)

Phase 2: Developer Beta

  • Launched to 100 hand-picked developers
  • Obsessively collected feedback
  • Iterated weekly based on real usage patterns

Aman’s approach was different from typical founder ego. He didn’t defend product decisions he ruthlessly cut features that confused users and doubled down on what made developers say “whoa.”

The VS Code Fork Decision

Here’s a strategic move that deserves more attention: instead of building an editor from scratch, Cursor forked Visual Studio Code.

Why’d this matter?

Pros:

  • Developers already knew VS Code’s interface (70%+ market share)
  • Zero learning curve for keyboard shortcuts, extensions
  • Instant familiarity = faster adoption
  • Could focus 100% on AI features, not UI/UX basics

Cons:

  • Less differentiation visually
  • Tied to Microsoft’s open-source license terms

Aman bet that developers cared more about productivity than brand-new interfaces. He was right. Cursor looked familiar but felt magical.

Launch Strategy and First Users

Cursor’s public launch strategy in late 2023 was masterclass word-of-mouth engineering:

  1. Developer-first marketing: No billboards or TV ads just Twitter, Reddit, and Hacker News
  2. Show, don’t tell: Video demos of Command K transforming codebases
  3. Generous free tier: Let developers experience the magic before paywall
  4. Community feedback loop: Public roadmap, Discord engagement, rapid bug fixes

By Q1 2024, Cursor had 100,000+ active users. By mid-2025? Over 1 million.

The Hockey Stick Growth: 0 to 1 Million Users

Product-Market Fit Indicators

How do you know you’ve hit product-market fit? For Cursor, the signals were unmistakable:

📊 The Numbers:

  • 40%+ monthly user growth for 12 consecutive months (2024)
  • Net Revenue Retention >150% (users expanding seats)
  • 70%+ weekly active usage among paying customers
  • 50,000+ companies adopted Cursor, including startups and Fortune 500 engineering teams

But numbers don’t tell the full story. Developers started posting viral threads: “I’m 3x faster with Cursor” and “This is what coding should’ve always been.”

What Made Developers Switch from GitHub Copilot

GitHub Copilot had a head start and Microsoft’s backing. So why’d developers switch?

Cursor’s advantages:

  1. Codebase awareness: Understood entire project context, not just current file
  2. Multi-file editing: Could refactor across dozens of files simultaneously
  3. Better AI models: Quickly integrated Claude, GPT-4, and custom models
  4. Command K: Natural language interface beat tab-completion
  5. Debugging prowess: Didn’t just write code explained why bugs happened

Aman’s team also moved faster. GitHub ships on Microsoft’s enterprise timeline. Cursor shipped weekly improvements based on Discord feedback.

Speed became competitive moat.

💡 Key Takeaway: Cursor didn’t win by having better AI (they used similar models). They won by building a better experience around the AI faster iteration, superior UX, and obsessive attention to developer workflows.

Breaking Records: The $2.3 Billion Funding Round

Investor Lineup: Thrive, Andreessen Horowitz, and More

November 2025 brought the bombshell: Cursor raised $2.3 billion in what became one of the largest Series rounds ever for a developer tools company.

Lead investors:

  • Thrive Capital (led the round)
  • Andreessen Horowitz (a16z) (significant participation)
  • Index Ventures
  • Notable angels: Former GitHub executives, Stripe founders, OpenAI early employees

Why’d elite investors write such massive checks?

The pitch was simple:

  • $1 billion+ annualized revenue (mostly recurring)
  • 1 million+ developers (growing 40% monthly)
  • 80%+ gross margins (software economics)
  • Positioned to dominate the $50B+ developer tools market

But the real bet? Cursor wasn’t just a tool it was becoming the interface for how humans write software in the AI age.

$29.3 Billion Valuation Explained

Let’s break down that eye-popping $29.3B valuation:

Revenue multiple: ~29x ARR (aggressive but justified for growth rate)

Comparable valuations:

  • GitHub sold to Microsoft for $7.5B (2018) at ~10x revenue
  • GitLab IPO’d at $15B (2021) at ~50x revenue
  • Figma nearly sold for $20B (2022) at ~50x revenue

Cursor’s valuation reflects:

  1. Market timing: AI is reshaping every software category
  2. Growth velocity: Fastest developer tool adoption ever recorded
  3. Expansion potential: Only 1M users out of 30M+ global developers
  4. Strategic value: Whoever owns the AI coding interface owns the future

Critics called it overvalued. Aman called it “just the beginning.”

How Cursor Works: The Technology Behind the Magic

Command K and Natural Language Coding

Here’s where Cursor gets technical but stick with me, because this is what makes it revolutionary.

Command K is Cursor’s signature feature. Press Cmd+K (Mac) or Ctrl+K (Windows), and you get a natural language prompt overlaying your code.

You can:

  • Generate: “Create a REST API endpoint for user authentication”
  • Edit: “Refactor this function to use async/await”
  • Debug: “Why is this throwing a null pointer exception?”
  • Explain: “What does this regex pattern do?”

Behind the scenes, Cursor:

  1. Analyzes your entire codebase (not just open files)
  2. Sends relevant context + your prompt to AI models
  3. Generates changes with full understanding of dependencies
  4. Applies edits across multiple files if needed
  5. Explains what it changed and why

It’s like pair programming with a genius who’s read your entire codebase.

AI Models Powering Cursor

Cursor isn’t locked to one AI provider that’s strategic brilliance.

Current model options:

  • GPT-4 Turbo (OpenAI): Best for complex reasoning
  • Claude 3.5 Sonnet (Anthropic): Excellent for long context windows
  • Custom models: Cursor trains specialized models for code patterns

Developers can switch models based on task:

  • Quick autocomplete? Fast model
  • Complex refactoring? Premium model
  • Budget-conscious? Optimized cheaper options

This flexibility means Cursor isn’t dependent on any single AI provider’s roadmap or pricing. Smart competitive positioning.

Becoming a Billionaire at 25: The Founders’ Net Worth

Let’s talk money because this part’s wild.

At a $29.3B valuation, the four co-founders (Aman Sanger, Michael Truell, Sualeh Asif, Arvid Lunnemark) collectively own an estimated 30-40% of Anysphere post-dilution.

Conservative math:

  • 35% founder ownership = $10.25B combined
  • Split four ways = ~$2.5B per founder
  • Even after taxes and vesting schedules, each is a billionaire at age 25

For context:

  • Mark Zuckerberg became a billionaire at 23 (Facebook IPO 2012)
  • Evan Spiegel hit billionaire status at 25 (Snapchat, 2015)
  • Aman Sanger joined this exclusive club via Cursor (2025)

But here’s what’s different about Aman’s generation: they’re not chasing vanity metrics or growth-at-all-costs. They’re building real businesses with actual revenue, sustainable unit economics, and products developers genuinely love.

The wealth is a byproduct. The mission is the moat.

Lessons Indian Founders Can Learn from Aman Sanger

Solve Your Own Problem First

Aman didn’t survey 1,000 developers or hire consultants. He built Cursor because he was frustrated coding. That personal pain became conviction.

Actionable insight for Indian founders: Don’t build what’s trendy. Build what you’d pay for yourself. If you’re not the target customer, find a co-founder who is.

Focus on Developer Experience

Cursor could’ve launched with 50 AI features. Instead, they perfected Command K first. One feature done exceptionally beats ten features done adequately.

Lesson: Indian startups often over-engineer trying to compete on feature lists. Aman’s approach? Pick one workflow, make it 10x better than alternatives, then expand.

Timing Meets Execution

Cursor launched right as:

  • GPT-4 made AI coding viable
  • Developers were ready to trust AI tools (post-Copilot education)
  • Remote work increased demand for productivity tools

But timing alone doesn’t win. Cursor executed flawlessly fast iteration, community engagement, superior UX.

For Indian founders: You can’t control market timing, but you can control execution speed. Ship weekly. Gather feedback religiously. Iterate faster than incumbents.

💡 Key Takeaway: Aman Sanger’s success wasn’t luck or pedigree it was relentless focus on solving one problem better than anyone else, then scaling that solution to millions of developers worldwide.

Conclusion

Aman Sanger’s journey from MIT student to billionaire founder at 25 isn’t just another Silicon Valley success story it’s a blueprint for how AI-first startups should be built.

Cursor succeeded because Aman and his co-founders didn’t chase hype. They solved a genuine problem (developer productivity) with a genuinely better solution (natural language coding). They moved faster than giants like Microsoft, listened closer to users, and built a product developers actually loved using every single day.

The $29.3 billion valuation isn’t the end goal it’s validation that they’re onto something massive. With 1 million users and barely scratching the surface of 30 million global developers, Cursor’s story is just beginning.

For Indian founders watching this space: take notes. Aman Sanger proved you don’t need decades of experience, unlimited capital, or pedigree. You need genuine problem understanding, obsessive execution, and the courage to build something radically better.

What’s your take? Could Cursor become bigger than GitHub? Will “vibe coding” replace traditional programming? Share your thoughts in the comments below, and don’t forget to follow Startup INDIAX for more deep-dives into India’s most inspiring startup success stories.

FAQs

How did Aman Sanger become a billionaire at 25?

Aman Sanger co-founded Cursor AI (via Anysphere), which reached a $29.3 billion valuation in November 2025 after raising $2.3 billion. With estimated 30-40% founder ownership split among four co-founders, each became a billionaire, making Aman one of the world’s youngest self-made billionaires through building an AI-powered code editor used by over 1 million developers.

What makes Cursor different from GitHub Copilot?

Cursor offers codebase-aware AI that understands your entire project context, not just the current file. Its Command K feature lets developers use natural language to generate, edit, and debug code across multiple files simultaneously. Unlike Copilot’s autocomplete focus, Cursor functions more like an AI pair programmer that can refactor entire applications and explain complex bugs.

Who invested in Cursor AI’s $2.3 billion funding round?

Cursor’s massive funding round was led by Thrive Capital, with significant participation from Andreessen Horowitz (a16z), Index Ventures, and notable angel investors including former GitHub executives and OpenAI early employees. The round valued Anysphere (Cursor’s parent company) at $29.3 billion, making it one of the largest developer tools investments in history.

What is “vibe coding” in Cursor?

Vibe coding is Cursor’s approach to natural language programming where developers describe what they want in plain English rather than writing precise syntax. For example, you can say “add user authentication” or “fix this bug” and Cursor’s AI generates the appropriate code changes while understanding your entire codebase context. It’s about coding by intent, not memorizing syntax.

How much revenue does Cursor generate?

As of late 2025, Cursor generates over $1 billion in annualized recurring revenue with more than 1 million active users. The company maintains 80%+ gross margins typical of SaaS businesses, with revenue growing approximately 40% month-over-month throughout 2024 and 2025, making it one of the fastest-growing developer tools in history.

Can Indian founders build similar AI startups like Cursor?

Absolutely. Aman Sanger’s success shows that AI startup success depends on solving genuine problems with superior execution, not just geography or pedigree. Indian founders have access to the same AI models (GPT-4, Claude), global talent pools, and investor networks. The key lessons: solve your own problems, focus on one workflow done exceptionally well, and iterate faster than incumbents.

December 3, 2025 0 comments 96 views
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India PCB Industry Breaking Free from 88 Import Dependency - Here's How
StartupAI & DeepTechNews

India PCB Industry: Breaking Free from 88% Import Dependency – Here’s How

by Aalam Rohile November 30, 2025
3 min read

SUMMARY

  • India PCB industry must scale from $6.3B to $24.7B by 2033 while reducing 88% import dependency through massive infrastructure investments
  • Building complete domestic raw material supply chains for copper laminates and specialty substrates is critical for cost competitiveness
  • India PCB industry needs 50,000 skilled professionals and strategic technology partnerships to match global quality standards

The India PCB industry faces a startling reality: 88% of bare PCBs are still imported despite domestic demand worth $4.2 billion in FY2024-25. These tiny printed circuit boards power everything from your smartphone to India’s growing electric vehicle fleet, yet the country remains dangerously dependent on foreign suppliers. With the India PCB industry projected to surge from $6.3 billion in 2024 to $24.7 billion by 2033, the path to self-reliance is clear but challenging. Government schemes like PLI and strategic investments are finally creating momentum, but breaking free from import dependency requires more than just good intentions.

Why the India PCB Industry Holds the Key to Electronics Self-Reliance

Printed circuit boards are the nervous system of every electronic device. Yet only 35% of India’s PCB requirements are currently met through domestic production, creating vulnerabilities that the pandemic brutally exposed.

The opportunity is massive. The Electronic Industries Association of India projects domestic PCB manufacturing could reach $14 billion by FY2030, contributing nearly 10% to the government’s $150 billion electronics components manufacturing target.

The India PCB industry isn’t just about circuit boards. It’s about building the foundation for India’s $115 billion electronics sector, which grew 23% in FY24 on the back of 1.15 billion mobile phones, expanding EV adoption, and 5G infrastructure rollout.

Read More: Tech Startup Funding: 5 Epic Reasons India’s $4.8B Boom Rules

The Brutal Reality: What’s Holding the India PCB Industry Back?

Limited access to high-end raw materials like copper laminates and photoresists constrains upstream self-sufficiency. This forces manufacturers to import specialty materials, driving costs up by 30-40% compared to Chinese competitors.

The sector faces dependence on imports for high-end PCBs and essential raw materials, focuses mainly on lower-end products limiting value addition, and infrastructure gaps including inadequate large-scale plants and limited R&D capability.

The technology chasm is real. Technological gaps in automation, design software, and surface finish processes hinder high-quality output. While Indian manufacturers excel at basic two-layer boards, producing complex multilayer and HDI boards for flagship smartphones remains out of reach.

The industry faces a shortage of skilled professionals, particularly in advanced PCB technologies, and must compete with established global players from China and Southeast Asia. This talent gap affects everything from design to quality control.

Read More: Indian Startups Showcase AI, Green Tech For UAE Boom

Five Game-Changing Requirements for Import Independence

Building World-Class Manufacturing Infrastructure

Kaynes Technology announced a $570 million investment for Tamil Nadu’s first large-scale PCB plant in August 2025, marking the largest single investment in the India PCB industry. But one plant won’t cut it.

The India PCB industry needs at least 20 more facilities of this scale by 2030 to meet domestic demand and capture export opportunities. Companies must invest in automated optical inspection, X-ray inspection systems, and advanced drilling equipment that can produce boards with trace widths below 50 microns.

Indian manufacturers currently operate plants with 60-70% automation versus 90%+ in China and Taiwan. Closing this gap requires capital investments exceeding $5 billion across the sector.

Creating a Complete Raw Material Ecosystem

The copper-clad laminate bottleneck is strangling growth. Right now, manufacturers import most specialty substrates, adding 15-20 days to production cycles and creating unpredictable costs.

The ECMS has recently approved projects in multi-layer and HDI PCBs, camera module sub-assemblies, laminates, and polypropylene film, with key players like Kaynes Group, Syrma Group, Ascent Circuits, and SRF Limited leading the charge.

Building domestic laminate production could slash PCB costs by 25-30%. Indian chemical giants like Aditya Birla and Reliance could partner with PCB manufacturers to produce FR-4 laminates, high-frequency materials, and flexible substrates locally.

Read More: KLA Corporation Plans Rs 3,000 Crore R&D Hub in Chennai

Developing Technical Talent at Unprecedented Scale

The PCB fabrication process requires high-level precision and expertise, yet there’s a shortage of skilled labor in India, particularly in PCB design, assembly, and testing.

The India PCB industry needs 50,000 additional trained professionals by 2030. IITs and NITs must introduce specialized PCB design courses, while companies like AT&S India and Cipsa Tech need to expand training programs beyond their current facilities.

Raghu Panicker, CEO of Kaynes Semicon, stated that India’s bare board PCB market is on track to touch $24.7 billion by 2033, growing at over 15% CAGR, reflecting robust domestic demand and policy push.

Forming Strategic Technology Partnerships

On September 19, 2024, Karnataka announced India’s first PCB and Supply Chain Cluster in Mysuru to enhance local production and strengthen electronics manufacturing capabilities.

Joint ventures with Korean, Japanese, and Taiwanese PCB leaders could compress India’s learning curve from decades to years. AT&S India demonstrates this model, bringing Austrian expertise to produce HDI boards for smartphones at its Karnataka facility.

The India PCB industry needs similar partnerships in specialized areas like rigid-flex boards, IC substrates, and high-frequency materials for 5G applications.

Ensuring Policy Consistency and Long-Term Vision

On January 20, 2025, the Ministry of Commerce announced the third round of PLI Scheme for White Goods, with 24 companies committing INR 3,516 crore investment to boost production of components including PCBs for ACs and LED Lights.

Jasbir Singh Gujral, Managing Director of Syrma SGS, emphasized that the ecosystem for local production is finally taking shape, and with the PLI, SPECS, and dedicated component clusters, the environment is now ideal for scaling up domestic manufacturing.

But the India PCB industry needs more than three-year schemes. A 10-year PCB Mission with guaranteed incentives, stable duty structures, and R&D funding would give manufacturers confidence for billion-dollar investments.

Read More: Why Top VCs Are Betting Big on Indian Deeptech Startups in 2025

The Roadmap: How India PCB Industry Can Achieve 2030 Goals

The Indian government’s Make in India and Digital India missions, combined with the PLI scheme for electronics manufacturing, are pivotal in expanding PCB production capacity, leading to increased investments, global partnerships, and infrastructure development.

The fundamentals are aligning for the India PCB industry. The country offers 30-40% labor cost advantages over China, a $400 billion domestic electronics market by 2030, and improving manufacturing infrastructure across Maharashtra, Tamil Nadu, and Karnataka.

What the India PCB industry needs now is execution velocity. To compete globally, Indian manufacturers must overcome constraints through increased capital investment, extensive R&D collaboration, reduced PCB import duties, and tighter integration with OEM innovation cycles.

Companies like Dixon Technologies, Kaynes Technology, and Amber Enterprises are pioneering this transformation. Dixon operates PCB facilities in Noida and plans expansion in Tamil Nadu. Kaynes is investing heavily in HDI technology. Amber focuses on multilayer boards for appliances.

But dozens more players need to enter the market. The India PCB industry requires at least 50 mid-to-large scale manufacturers by 2030 to genuinely break import dependency and capture global market share.

The China+1 strategy creates unprecedented opportunities. Global electronics brands actively seek manufacturing alternatives, and India’s combination of scale, talent, and policy support positions it as the natural choice.

Read More: Tata Electronics Partners Bosch: Big Win or Missed Opportunity for Indian Semiconductor Manufacturing?

What do you think the India PCB industry needs most to break free from import dependency? Will the $570 million Kaynes investment be the turning point, or do we need fundamental policy changes? Share your perspectives in the comments below, and discover more breakthrough stories about India’s manufacturing revolution on Startup INDIAX!

FAQs

What is the India PCB industry and why is it important?

The India PCB industry manufactures printed circuit boards that connect electronic components in devices. It’s critical because India currently imports 88% of bare PCBs despite having a $115 billion electronics sector, creating supply chain vulnerabilities and cost disadvantages.

How big is the India PCB industry in 2025?

The India PCB industry reached $6.3 billion in 2024 and is projected to grow at 15.58% CAGR to $24.7 billion by 2033, driven by smartphone production, electric vehicle adoption, and government manufacturing incentives.

What are the biggest challenges facing India PCB industry?

Major challenges include limited access to high-end raw materials like copper laminates, lack of large-scale fabrication facilities with advanced automation, shortage of skilled professionals, and heavy reliance on imported multilayer and HDI boards.

Which companies are leading the India PCB industry transformation?

Key players include Kaynes Technology (investing $570M in Tamil Nadu), Dixon Technologies, Syrma SGS, AT&S India, Ascent Circuits, Cipsa Tech, and Amber Enterprises, supported by PLI scheme incentives and state government partnerships.

How can India PCB industry reduce import dependency?

By building world-class manufacturing infrastructure, developing domestic raw material supply chains, training 50,000+ skilled professionals, forming strategic technology partnerships with global leaders, and ensuring long-term policy stability beyond three-year schemes.

November 30, 2025 0 comments 92 views
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