Yatish Talvadia’s Anmasa, Pine Labs’ IPO Dreams, and Haryana’s Fund of Funds

Former Milkbasket cofounder Yatish Talvadia is back with Anmasa, a D2C grocery brand redefining custom whole wheat atta. Meanwhile, fintech giant Pine Labs is sticking to its IPO timeline, eyeing a late-2025 listing despite market jitters. On the legal front, Zomato is caught in a dispute over unpaid uniform orders, with Nona Lifestyle reviving its insolvency plea. And in a major boost for startups, Haryana is rallying private investors to create a ₹2,000 Cr Fund of Funds.

Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.

“Sabse Aage Haryana”: Haryana To Encourage Investors To Create INR 2,000 Cr ‘Fund Of Funds’ For Startups

Haryana is looking to boost its startup scene with a ₹2,000 Cr Fund of Funds, inviting private investors to fuel innovation.

Announced in the 2025-26 budget, CM Nayab Singh Saini aims to strengthen the state’s entrepreneurial ecosystem. If successful, this initiative could turn Haryana into a serious startup hub in the coming years.

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“Ye Toh Dhoti Khol Raha Hai”: Zomato Faces Insolvency Plea From Uniform Supplier Nona Lifestyle

Zomato is facing an insolvency plea from uniform supplier Nona Lifestyle, which claims the food tech giant delayed payments and refused bulk orders of t-shirts and World Cup jerseys.

Zomato, however, has pushed back, arguing missed delivery deadlines hurt its reputation. As the legal tussle heads to the NCLT, this battle over uniforms is shaping up to be anything but uniform.

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“Kuch Daring Karna Hai”: Former Milkbasket Cofounder Yatish Talvadia Launches D2C Grocery Brand Anmasa

Yatish Talvadia, former Milkbasket cofounder, has launched Anmasa, a D2C grocery brand focusing on personalized staples.

Currently operating in Gurugram through an omnichannel model, Anmasa offers over 80 SKUs, including whole wheat atta, wood-pressed oils, spices, and dry fruits. The startup is now in the process of raising $1M in pre-seed funding to expand its presence across the Delhi NCR region.

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“Ab Humari Baari”: Pine Labs Eyes IPO In Second Half Of 2025

Pine Labs is setting its sights on a public debut, with plans for an IPO in the second half of 2025, CEO Amrish Rau confirmed.

Even as market corrections shake up the Indian economy, the fintech giant is staying firm on its timeline. If all goes as planned, Pine Labs could be one of the biggest tech listings to watch next year.

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1. Go Zero has scooped up ₹30 Cr from investors, including Aman Gupta and Namita Thapar, to expand its supply chain and product innovation. The zero-sugar, high-protein ice cream brand is gearing up to cater to India's growing health-conscious dessert lovers.
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2. Pilgrim has secured ₹200 Cr in fresh funding to expand its offline presence and enhance R&D efforts. With backing from investors like Vertex Growth Fund and Anicut Equity, the D2C beauty brand is set to scale beyond the digital space.
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3. Slikk Club has secured $3.2M to expand its 60-minute fashion delivery service across Bangalore and onboard 100 new brands. Backed by Lightspeed and Multiply Ventures, the startup is betting on AI to personalize shopping and speed up style on demand.
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4. Protectt.ai has raised ₹76 Cr in Series A funding, led by Bessemer Venture Partners, to bolster mobile app security. The startup plans to enhance its AI-driven platform and accelerate innovation in fraud prevention.
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