Delhivery Faces Tax Demand, BluSmart’s Spectre, and 10Club’s Insolvency Proceedings

Delhivery faces a ₹49 Cr tax demand, adding to the logistics giant’s hurdles. Meanwhile, Thrasio-style 10Club takes the drastic step of filing for insolvency proceedings at the NCLT, raising questions about its growth model. On the recovery front, BluSmart’s investors are planning a $30 Mn infusion to steer the eco-friendly mobility startup back on track. Besides, there’s Startup Spotlight to savor.

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

“Duniya Jaaye Tel Lene, Tax Toh Bhar”: Delhivery Gets INR 49 Cr Tax Demand Notice

Delhivery’s tax troubles just got heavier—this time, it's a fresh ₹49 Cr notice from the Mumbai DGGI over a GST rate mismatch.

The logistics giant insists it’s a rate classification issue under CGST and IGST laws, not dodging taxes. And if you remember, West Bengal had already slapped them with a ₹5.35 Cr bill earlier this year—seems like the taxman’s keeping close tabs.

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“Miracle, Miracle, Ye Zinda Hai”: BluSmart Investors Planning $30 Mn Infusion To Revive The Startup

BluSmart might get a $30 Mn lifeline from its existing backers—but there’s a catch. Investors like bp Ventures want cofounder Anmol Singh Jaggi to step down before they loosen their purse strings.

The fresh funds, coming as unsecured debt, aim to plug the company’s growing operational gaps.

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“Knockin’ On Heaven’s Door”: Thrasio-Style 10Club Moves NCLT To Initiate Insolvency Proceedings

10Club, once a rising star of the Thrasio-style startup wave, has now knocked on NCLT’s door for insolvency.

The board admits it can’t cover its debts, despite acquiring several ecommerce brands since 2020. Looks like the roll-up dream just hit a hard reset.

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1. Porter’s latest Series F round, led by Kedaara Capital and Wellington Management, brings fresh fuel to the on-demand logistics game. While numbers remain under wraps, the mix of primary and secondary deals signals strong investor confidence post its $100M Series E in 2021.
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2. PB Healthcare Services, an arm of PB Fintech, just scored a massive $218M seed round led by General Catalyst. That’s one of the heftiest early-stage healthtech bets in India—clearly, investors see long-term potential.
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3. 91Trucks has hauled in $5M in a Series A round led by Arkam Ventures to supercharge its tech, team, and retail footprint. With plans to open over 20 offline stores, the commercial vehicle platform is gearing up for a serious road trip.
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4. CodeAnt AI has raised $2M in seed funding to slash code review time and bugs by half with its AI-powered platform. Backed by Y Combinator and others, the startup is aiming to become every engineering team’s new debugging buddy.
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5. Vaya has raised $1.5M to blend ancient Vedic astrology with cutting-edge AI, aiming to reboot the stars for modern India. The funds will go into team growth, smarter tech, and building a trusted astrologer community.
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6. Feline Spirits has bagged ₹5.2 Cr in a pre-Series A round led by Inflection Point Ventures to broaden its craft alcohol lineup. The buzz is that they're eyeing new markets and a bigger pour in the premium beverage scene.
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7. Privacy-focused startup GoTrust has raised $400K in a pre-seed round led by Aevitas Capital to tighten data governance for the digital age. With this boost, the company is set to build smarter compliance tools for an increasingly watchful world.
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“Padhega India, Tab Hi Toh Badega India”: Vobble Is Revolutionizing Children's Entertainment with Multi-Sensory Audio Experiences

Vobble is shaking up children’s entertainment by offering screen-free, immersive audio experiences that spark creativity and learning.

With their Vobble Box and a new AI-powered audio player, the startup blends stories, music, and interactive games to engage kids without the need for screens. Backed by a $2M seed round and a Shark Tank India win, Vobble is expanding into global markets, making sure kids have fun while building vocab and attention skills.

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