Luxury innerwear and lifestyle brand MHYTH has raised INR 5 crore in pre-seed funding led by a Mumbai single-family office and backed by prior angel interest from Nine Rivers Capital. Founded by Mitali Rai, it operates an automation-led, asset-light model across Bengaluru and New Delhi, aiming to beat China and Europe reliance with low-inventory, high-rotation product delivery.
Novyte Materials has raised pre-seed funding with support from Theia Ventures and other backers. The company says the capital is meant to boost its speed, talent, and execution, helping translate early materials work into faster product development and scaling. The investment signals continued interest in nascent deep-tech teams building from early traction.
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