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Startup news and updates: Daily roundup (August 13

Startup news and updates: Daily roundup (August 13, 2026)

· Funding · YourStory

YourStorybrings you today’s headlines with the latest developments across sectors Managing Director William Bissell on why the company would rather be a constant in a customer's life than the brand of the moment. Tejaswini Hebalkar, SVP at Allstate Insurance Company, takes us through her journey in tech, shares lessons on leadership and explains why empathy will matter more in an AI-driven world. Mirae Asset Venture Investments (MAVI), the venture capital investment platform of the Mirae Asset Financial Group in India, has raised Rs 1,125 crore as the first close of its Rs 1,800 crore Mirae Asset Venture Opportunity Fund – II (MAVOF II/Fund). Bluehill.VC, a frontier-tech-focused venture capital firm based in Chennai, announced the final close of its maiden Rs 400 crore fund, including the full subscription of its Rs 50 crore greenshoe option. D2C home cleaning brand Scrubsy has raised Rs 27 crore in a seed funding round led by V3 Ventures. The company, operated by BoldChem Science Pvt Ltd, plans to use the capital to expand into new categories, including car cleaners, laundry care and other all-purpose home cleaning solutions. Scrubsy aims to become India’s first digital-native brand to lead the home cleaning category at scale. The company says it has grown 100% year-on-year and acquired more than 5 lakh customers within eight months of launch. It is targeting Rs 100 crore in annual recurring revenue by FY28. Scrubsy has been bootstrapped and EBITDA-positive since inception, it says. Its product portfolio includes kitchen, bathroom and shoe cleaning solutions focused on performance and convenience. Nanotechnology-based home surface protection brand Invisel has raised Rs 4 crore in funding led by IAN Angel Fund, with participation from BeyondSeed and FAAD Capital. The round marks the company’s first external funding after building a profitable business through bootstrapping. Invisel will use the capital to establish a dedicated manufacturing and research facility in Pune, strengthen materials science capabilities, accelerate product innovation and expand in domestic and international markets. Founded by Atharva Ulangwar and Sumedh Yeolekar, Invisel develops protective coatings designed to prevent stains, hard water marks and everyday surface wear. Within over a year of commercial operations, the company has served more than 60,000 customers across 900-plus pin codes, generated Rs 5.2 crore in FY26 revenue and remained profitable. Mumbai-based skin health venture Brilliance Cosmocare has raised $200,000 in seed funding from a group of family offices and institutional investors. Founded by aesthetic surgeon Dr Ashok Patel, the company plans to use the capital to develop clinical infrastructure, expand its preventive-care product pipeline and strengthen its skin record data platform. Brilliance positions itself around skin and hair longevity rather than conventional dermatology. Its approach begins with an AI-assisted diagnostic scan that evaluates f

Original source: YourStory
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