Startup news and updates: Daily roundup (February 19, 2025)
Summary
From SpeakX leveraging GenAI to improve English-speaking skills and Zaggle scaling via AI-driven automation to Healthfab raising $1M for sustainable menstrual care, YourStory brings you key updates from the Indian startup ecosystem, including major leadership hires at PayU and REA India.This startup uses GenAI to help users fine-tune English speaking skillsSpeakX, founded by Arpit Mittal, helps users improve English-speaking skills through real-life conversation practice, gamification, and GenAI-powered feedback. Its Rs 32 crore acquisition of TaxSpanner helps gig workers claim unclaimed tax refunds, boosting retention.With AI-driven automation, Zaggle reduces expense management errors by 60-70%. Despite a 2.71% sequential profit dip in Q3 FY25, its high-margin SaaS and interchange fee revenues fuel strong growth.Healthfab a reusable period panty brand has raised $1 million in its Pre-Series A funding round. Led by Mistry Ventures, the round also saw participation from BeyondSeed, Thrive Ventures, and prominent investors Anupam Mittal, Aman Gupta, Vineeta Singh, and Peyush Bansal.This follows Healthfabs seed round in 2022, led by BeyondSeed.Founded by Kiriti Acharjee, Sourav Chakrabarty, and Satyajit Chakraborty, Healthfab is Indias first reusable period panty brand to receive BIS certification and patent protection.With over 3 lakh customers and an annual revenue growth rate of 2.5-3x, the company plans to expand its presence in metro and Tier II cities while investing in R&D. As we continue to transform the home buying, selling, and renting journey through technology, Abhisheks expertise will be instrumental in advancing our platform capabilities," Dhruv Agarwala, Group CEO of Housing.com and PropTiger.com, said.Zypp Electric to deploy 100,000 EVs, partners with Indofast Energy to expand EV fleetZypp Electric, in partnership with Indofast Energy, is set to deploy 100,000 electric two-wheelers (E2Ws) over the next 12-18 months as part of its mission to achieve 100% electrification by 2028.This expansion will scale Zypps fleet fivefold, with deployments across major cities like Delhi NCR, Mumbai, Bengaluru, and Hyderabad.This major expansion will not only solidify our market leadership in India but also propel us towards global markets in Southeast Asia, the Gulf, and Africa, said Tushar Mehta, Co-founder and COO at Zypp Electric.With plans to establish 10,000 battery-swapping stations in 50+ cities, Indofast aims to support over one million EV users.Skylark Drones has introduced a new software platform, DMO-AG, focused on the agriculture sector.