Entrepreneur Staff | Page 7

The transaction is subject to regulatory approvals and customary closing conditions.

Garuda Aerospace is expected to submit an updated draft red herring prospectus (DRHP) with more information later in the process.

The Kolkata-based FMCG company previously held about 26.5% in Axiom.

The fresh capital will be used to expand its farmer network, build an in-house processing facility, and strengthen its technology stack.

SIX today announced the appointment of Markus Habbel as its new Chief Financial Officer (CFO), effective 1 June. He will also join the company’s Group Executive Board. Habbel succeeds Daniel Schmuckli, who will step down at the end of July, following a previously announced transition. Habbel brings nearly 30 years of international experience across finance, […]

The study found that the number of women traders has grown by 20% year-on-year, with women now accounting for nearly one in eight users on the platform.

The collaboration focuses on combining Marvell's custom chips and high-speed networking capabilities with NVIDIA's AI computing platform, including its NVLink Fusion system.

Its investments will focus on plastic and packaging solutions, alongside sectors such as electronics and apparel.

The development follows Rediff's acquisition by AvenuesAI in 2024.

The decision is part of a wider bureaucratic reshuffle cleared by the Appointments Committee of the Cabinet.

Following the deal, Globalbees' ownership in Candes has risen from 62% to 92%.

Raise Financial turned unicorn in October last year after raising USD 120 million in a Series B round.

The round saw participation from GVFL and Equentis.

XED said it had the option to proceed with the listing after crossing the minimum subscription threshold, but chose not to.

The proceeds will primarily be used to support strategic acquisitions and expand its existing business verticals.

The funds will support global expansion, enhance generative AI capabilities, develop multilingual solutions, and strengthen engineering and product teams.

Under the MoU, a six-month programme titled 'Who Are the Next Idiots?' was launched to attract participants working on concept-stage or early prototype ideas rooted in deep tech.

Sectoral trends showed fintech, SaaS, and consumer tech leading growth, with rising investor focus on AI, wealthtech, and scalable models.

The report highlights a structural shift in global automotive supply chains, where value is increasingly concentrating in process-led manufacturing segments rather than diversified product suppliers.

The round also saw participation from Info Edge Ventures, Orios Venture Partners, and several individual investors and family offices.

He is set to join IndiGo on August 3, 2026, pending regulatory approvals.

Built with an investment of around INR 3,300 crore under the India Semiconductor Mission, the Sanand plant has a production capacity of 6.33 million units per day.

The round values the company at a post-money valuation of USD 852 billion.

The three-month initiative is equity-free and targets Indian startups working on advanced AI technologies, particularly those addressing large-scale, real-world challenges.

The funding round also saw participation from Lightspeed and Info Edge Ventures.

The funding round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera.

The Series A funding round was led by Sabre Partners and Greenstone Capital, with both firms acquiring minority stakes through primary investments.

The fresh funding from BlackSoil is expected to strengthen Indifi's lending capabilities and support its ongoing expansion.

The newly raised funds will be used to strengthen its technology infrastructure, enhance analytics-driven underwriting, build centralised risk management systems, and hire senior professionals across key functions.

The transaction follows a Share Purchase Agreement signed with Unilever on June 25, 2025.