Startup & Tech Daily Digest: 8 Sept

Backed by Polycab India's joint venture, this climatetech startup is disrupting the cooling sector. They provide a subscription-based air conditioning model, making sustainable climate control more accessible to consumers.

This B2B pharma distribution startup is focused on scaling its payments and commerce infrastructure. By streamlining the supply chain, they are addressing critical inefficiencies in the pharmaceutical distribution network.

Supported by investors like Chimera VC and MIXI Global Investments, ARC is developing the ARC X1. This portable gaming system features a proprietary OWL OS, marking a significant step for indigenous hardware development in the Indian gaming market.

With backing from the Dhanuka family and Amishi London, this beverage brand is targeting the health-conscious market. They offer zero-added-sugar products, including coffee flavors and gelatos, sweetened exclusively with monk fruit.

Backed by All In Capital and Suashish Group, Iztri is building a hyper-local fabric care network. The startup operates through apartment hub-based centers to provide convenient ironing, dry cleaning, and shoe care services.

As India’s leading online investment and stock broking platform, Groww continues to see massive user adoption. The platform successfully added 2.23 lakh active clients during the month of August alone.

The regulatory body has granted angel funds a 7-month extension to comply with the accredited investor mandate. This move provides necessary breathing room for funds to align their operations with updated regulatory standards.

The general insurance major has been issued a penalty of INR 1 Crore by the IRDAI. This regulatory action highlights the ongoing oversight of insurance practices within the financial services sector.