Startup & Tech Daily Digest: 15 Jul

BiofuelCircle, a bioenergy supply chain startup dedicated to building a robust biomass supply chain ecosystem, has secured a ₹35 Crore bridge round from its existing investor. The capital infusion signals continued confidence in the company's model at a time when sustainable energy alternatives are gaining significant policy and market momentum in India. This funding is expected to help BiofuelCircle strengthen its supply chain infrastructure and deepen its reach across the biomass network.

Maternal and baby care startup Promom has raised ₹30 Crore in a Pre-Series A round led by Fireside Ventures, a consumer-focused fund known for backing early-stage brands. The funding will be directed toward expanding Promom's mom and baby care product portfolio, addressing a fast-growing consumer segment that has seen rising demand for trusted, specialized care products. This round positions Promom to scale both its product range and market presence as it moves toward a formal Series A.

D2C healthy snacking brand Open Secret has closed a ₹50 Crore Series funding round with participation from Desai, as it sets its sights firmly on scaling offline retail operations. The brand, which has carved out a niche in the better-for-you snacking space, is now looking to translate its digital success into a broader brick-and-mortar footprint across Indian retail channels. The raise underlines growing investor appetite for consumer health brands that can bridge the gap between online and offline distribution at scale.