Startup & Tech Daily Digest: 3 Nov

Mumbai-based quick-service restaurant startup The Croffle Guys has secured Rs 14 crore in a funding round led by V3 Ventures. The brand, which specializes in the fusion of croissants and waffles, plans to use this capital to expand its footprint in the competitive food-tech space.

Packaged food brand Kitchen Treasures is currently in discussions for a significant stake sale. Investor Investcorp is looking to exit, with the company eyeing a valuation of up to ₹1,000 crore, signaling continued investor interest in the Indian packaged food segment.

FMCG major Wipro Consumer has reported a robust performance for the first half of the year, with revenue climbing 17% to ₹6,094 crore. The company remains ambitious, setting a long-term target to reach ₹20,000 crore in revenue by FY30.

Personal hygiene brand Pee Safe is aggressively scaling its operations by expanding its sub-brands and retail distribution network. The company is currently positioning itself for future growth, with a clear revenue target of ₹250 crore by FY27 ahead of a planned IPO.

In a move aimed at consumer relief, the dairy cooperative Karnataka Milk Federation has announced a price reduction of ₹2 on its popular Nandini curd products. This adjustment reflects the cooperative's ongoing efforts to balance market competitiveness with affordability.

The broader Indian startup ecosystem is facing headwinds as global investors turn increasingly cautious. Data indicates a noticeable funding slowdown in the region, as capital continues to shift toward the US market, forcing local founders to prioritize profitability over rapid expansion.