Entrepreneur Staff | Page 6

The Mumbai-headquartered firm aims to use the fresh funds to expand its presence across the country, strengthen technology capabilities, and explore adjacent service lines.

Under the programme, employees were allowed to sell up to 25% of their vested stock options.

The fresh funds will be used to accelerate product development, expand into new categories, and strengthen working capital.

The fresh capital is expected to support Pluckk's expansion plans and strengthen its presence in the fresh produce and food-tech segment.

Nippon India Mutual Fund and SBI Mutual Fund together acquired 45.75 lakh shares each in a transaction valued at around INR 404 crore.

The below brands have announced their latest funding rounds.

With the new leadership addition and funding, the company plans to strengthen the balance sheet of Gromor Finance, expand its co-lending partnerships, and scale its presence across digital ecosystems such as e-commerce, payments, and supply chain platforms.

Engineering teams are leading the way, with 85 percent of their AI initiatives already in production.

The startup will use funds to expand distribution, boost marketing, grow its team, and build scalable technology infrastructure and operations.

Pravin Rao succeeds Rostow Ravanan as Nasscom Foundation marks 25 years of technology-driven social impact.

The investment, structured across multiple rounds over the past two years, will be used to expand the company's capabilities in defence and mission critical AI infrastructure.

By bringing in Dubverse's team, the company plans to integrate advanced conversational technologies into its platform.

The funding round was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds.

The company expects this new vertical to contribute up to 15% of its overall revenue within the next 12–18 months.

The latest funding will be used to expand the global market presence, enhance its artificial intelligence and machine learning capabilities, and develop international infrastructure.

As part of the deal, Qckin's founders, Srinivasan Premkumar and Manojkumar Mahaveer Patil, will continue to lead operations and collaborate with Fashinza to scale manufacturing across India and Bangladesh.

The acquisition is expected to enhance Quest Global's ability to support semiconductor customers worldwide while advancing its strategy to build integrated capabilities spanning concept, silicon, and software.

The development comes as Gupta transitions from his operating role at boAt.

The Series A funding round was led by Konvoy, with participation from Y Combinator, Taisu Ventures, and several angel investors.

The new funds will be used to expand its institutional presence and further invest in its trading infrastructure.

The organisation plans to deploy an additional INR 80–100 crore over the next 12 to 18 months, aiming to back 20–25 startups annually.

Tonse brings over three and a half decades of experience in the banking sector.

Kalpana Morparia, Arun Kumar, Indu Bhushan and Pragya Misra join Curefit board as independent directors

Other participants in the round include Merak Ventures, Java Capital, IIMA-CIIE, and investor Manish Gandhi.

If the transaction is completed, Deepika Padukone is expected to retain a minority stake in the brand.

The round includes backing from Chemistry and First Round Capital, with participation from Scribble Ventures, Elevation Capital, and Afore Capital, along with several prominent design and technology leaders.

Most recently, he served as Managing Director of Investments at JetBlue Technology Ventures.

The proceeds will be used to support its expansion and overall growth.

Sinha joined the Flipkart Group in 2013 and became CEO of Myntra in 2022.

This follows a similar grant made in October last year, when the company had issued 64.13 lakh ESOPs under its existing plans.