From GST reforms cutting healthcare costs to Swiggy making bets on curated gifting to cash in on festive boom, YourStory brings you stories that highlight significant developments across industries.
Latest news:
New GST reforms slash healthcare costs, boost insurance access
India has announced one of the most sweeping resets to its goods and services tax (GST) regime since the system’s introduction in 2017, cutting levies on a wide range of medical devices and drugs while eliminating tax on health and life insurance premiums.
At its 56th meeting on Saturday, the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, unveiled a two-tier rate structure aimed at reducing healthcare costs and correcting long-standing duty distortions. Beginning September 22, 2025, most medical products will fall into the 5% bracket, while certain lifesaving medicines will be made entirely tax-free.
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Good Glamm’s Darpan Sanghvi launches AI-powered startup platform after collapse of his unicorn
Months after the collapse of his beauty and content commerce unicorn, Good Glamm Group’s Darpan Sanghvi is staging a comeback with a new venture. On Wednesday, Sanghvi unveiled ‘CoFounder Circle’, an AI-native acceleration platform aimed at helping startups and small businesses access the people, tools, and capital needed to grow.
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Samantha Ruth Prabhu
” align=”center”> Samantha Ruth Prabhu
Samantha Ruth Prabhu joins menstrual wellness brand ZOY as Co-founder
Actor and entrepreneur Samantha Ruth Prabhu has become Co-founder of menstrual and feminine health brand ZOY, partnering with founder Maheshwari Moorthy in what the company describes as an effort to “rethink women’s health as a whole”.
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Employee healthcare platform Pazcare expands leadership team
Pazcare on Thursday elevated Aditya Malik as the Chief Revenue Officer from his previous role as SVP, Revenue, while also appointing Arpit Rungta as SVP, Customer Success, and bringing on Abhishek Goyal, ex-cofounder of LogiPe, as Director, Growth.
”Over the past two years, Pazcare has grown 5x, serving over 2,000 companies including enterprises like Mamaearth, Mindtickle, and Chaayos. With strong market tailwinds and rising demand from customers on primary and preventive care for their employees, we are perfectly positioned as the top player in healthcare benefits and insurance,” said Sanchit Malik, Co-founder & CEO of Pazcare.
Funding news:
FirstClub secures $23M to push quality-first quick commerce platform
Bengaluru-based FirstClub has raised $23 million in Series A funding at a valuation of about $120 million (Rs 1,050 crore), less than three months after its launch. The round was led by Accel and RTP Global, with participation from Blume Founders Fund, 2am VC, Paramark Ventures, and Aditya Birla Ventures.
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Reveal HealthTech team
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Reveal HealthTech raises $7.2M to push AI deeper into US healthcare
Reveal HealthTech, a two-year-old startup specialising in AI solutions for healthcare, has raised $7.2 million in a Series A round led by Leo Capital, with participation from Sanos Capital.
The company, incubated by W Health Ventures and 2070 Health, is positioning itself as a partner for US hospitals, life sciences firms, and medical device makers seeking to apply artificial intelligence to patient care and operations.
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House of Zelena raises Rs 7 Cr in seed round
Mom-wear brand, House of Zelena, on Thursday said it raised Rs 7 crore in seed funding led by Sprout Venture Partners and M Venture Partners, with participation from GSF and other marquee angels.
This brings the company’s total funds raised to $1.2 million.
The newly raised funds will be used to strengthen the company’s supply chain capabilities, innovate across various maternity apparel offerings, and deepen the company’s ecosystem through community building and technology integrations.
House of Zelena is also looking to expand its product lines in postpartum recovery wear, intimate hygiene and mom-activewear, while also investing in apparel solutions that aid faster recovery and long-term wellbeing. The brand is also preparing to expand its offline engagement.
QuantE Energy raises $500K in seed funding
Clean-tech startup QuantE Energy on Thursday raised $500,000 in seed funding from Trillion Dollar Venture (TDV) along with participation from angel investors including Amit Lakhotia, founder of Park+ and Raghunandan G, Founder at and TaxiForSure.
The newly raised funds will be used to democratise access to clean, affordable, and smart energy for the residential sector, especially housing societies in Indian metros and beyond.
The seed funding will also support QuantE’s ambitious growth plans over the next 6-12 months, including expanding digital onboarding and going deeper into top metro cities, launching community solar pilots, and strengthening financing partnerships with banks, NBFCs, and CSR programs.
QuantE will also focus on building its proprietary solar+AI hardware/software stack for enhanced monitoring and optimization.
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AutoDukan raises $1M in pre-Series A funding round
Automobile aftermarket platform AutoDukan on Thursday said it raised $1 million in its pre-Series A funding round led by Choice Group and select HNIs, with continued backing from MetroMax Group’s Indian arm and Ankit Sajnani.
The newly raised funds will be used to scale operations across key automotive regions and enhance its AI capabilities in demand prediction, automated procurement, and claims workflow.
AutoDukan will also use a portion of the funds to deepen partnerships with insurers, fleet operators, and OEM suppliers as well as to expand its AI expertise, operations, and market development.
Kaleidofin Capital Private Limited raises $3M in debt
Kaleidofin Capital Private, the NBFC arm of Kaleidofin Capital Private, has raised $3 million in debt from Netherlands-based Kaleidofin Capital Private.
The funding facility has a tenure of three years with an option to extend it by a further three years.
According to the firm, the funds to are to be utilised for KCPL’s target segment which includes informal sector enterprises including agriculture and dairy segments.
(The copy will be updated with the latest news throughout the day.)
