Published: 7 October 2026
StartupFeed Quick Take
- ElevenLabs lists 12 Indian languages and accents on its India page
- SEBI cleared Swara Baby’s Rs 1,000 Cr IPO on 6 October
- CurvetAI raised Rs 6 Cr and now has 100,000 monthly users
The Morning Five for Wednesday, October 7, 2026: what happened in Indian startups since yesterday.
1. ElevenLabs names India its second-largest market
ElevenLabs will spend hundreds of millions of dollars in India, chief executive Mati Staniszewski said at the company’s first India Summit in Bengaluru on 6 October. The money goes to local teams, Indian-language models and possible buyouts. India is now its second-largest market after the United States. The company’s own India page lists 12 Indian languages and accents. Meesho and Cars24 already use it.
Who should care: If you build voice products in Hindi or Tamil, a deeper-pocketed ElevenLabs is both a cheaper supplier and a tougher rival.
2. Swara Baby wins SEBI clearance for a Rs 1,000 Cr IPO
SEBI issued its final observation on Swara Baby Products on 6 October, clearing a Rs 1,000 Cr IPO. The regulator’s processing status update shows the split: Rs 500 Cr fresh issue, Rs 500 Cr offer for sale. Brainbees Solutions, the FirstCry parent, sells up to Rs 300 Cr. Of the fresh money, Rs 198.2 Cr goes to a new plant at Pithampur in Madhya Pradesh. The diaper maker filed its draft papers on 2 July.
Who should care: If you hold Brainbees shares, watch the Rs 300 Cr the FirstCry parent plans to take off the table in this sale.
3. Naveli Ventures opens as the Nanda family’s venture arm
Navya Naveli Nanda announced Naveli Ventures on 6 October, in a LinkedIn post. It is the venture arm of the Nanda Family Office, and she is its managing partner. Six areas are named: deep tech, space, clean energy, AI, advanced manufacturing and health. Money goes in directly, through funds, as co-investments, and into academic and patent tie-ups. The LLP itself was registered in March 2023, with her brother Agastya Nanda as the other partner.
Who should care: If you are raising for a deep-tech or space company, here is one more Indian family office now looking at your sector.
4. CurvetAI raises Rs 6 Cr for its multi-model AI workspace
Pune-based CurvetAI has raised Rs 6 Cr in a pre-seed round led by Merak Ventures, with angel investors joining. Its workspace puts text, image, audio and video models side by side, so a user can compare and combine them in one place. The company statement puts usage above 100,000 monthly users, with India and the United States the two biggest markets. Vivek Dubey and Utkarsh Gupta started it in December 2025.
Who should care: If you pay for three or four AI model subscriptions, a single workspace is now a funded Indian option.
5. IndigoTex raises Rs 5 Cr for waterless wool finishing
IAN Angel Fund led a Rs 5 Cr round in IndigoTex on 6 October, with SIDBI, FITT and IIT Delhi Angels taking part. The fund’s announcement says the money builds a factory at Rai Industrial Area in Sonipat, Haryana, and takes its IndiWool denim to market. Research stays at IIT Delhi. Three co-founders started the company in 2024: Satendra Singh, Prof. B.S. Butola and Dilip Singh.
Who should care: If you export wool or denim fabric, India now has a funded waterless finishing supplier, with a plant coming up in Sonipat.
That’s all for this morning. See you tomorrow.
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