Business News

Majority of the fund from the IPO will be deployed towards accelerating loan disbursals under default loss guarantee arrangement.

The collaboration will focus on quantum technologies, future materials, neuromorphic engineering, and electric mobility, aiming to bridge fundamental research with real-world applications.

The fresh capital will be used to expand its fleet, enter new cities, and strengthen infrastructure support for delivery workers across India.

The round was led by Epiq Capital, with participation from existing investors Glade Brook Capital, General Catalyst and Bain Capital Ventures.

The round also saw Unilever Ventures increase its stake, with Amazon Smbhav Venture Fund and Sixth Sense Ventures participating.

Together, the companies plan to establish production processes that meet international quality standards while supporting India's push to expand local manufacturing under the "Make in India" initiative.

According to the Prime Minister, 10 projects have been approved under the Semicon India programme, with additional facilities coming up in Dholera, Noida, Assam, Odisha, and Punjab.

According to Gaurav Munjal, the buyback will reward staff widely, with eight earning over INR 1 crore, 17 above INR 50 lakh, and 38 exceeding INR 10 lakh.

More than 30 Temple employees also invested personal funds at the same valuation as external investors.

The round also saw participation from existing investors Shastra VC, Antler India, and Gemba Capital.

To stay safe while browsing the web, more and more people are turning to tools like Guardio, which offer real-time protection designed to keep them safe.

Joby has said that it expects to carry its first passengers later this year in Dubai, with more cities around the world to follow through the Joby-Uber partnership.

For entrepreneurs, the ability to analyze markets effectively can mean the difference between success and missed opportunities.

According to the firm, it has enabled over USD 1.6 billion in credit across nearly 200 portfolio companies, including 20 unicorns, while evaluating more than 15,000 companies globally. 

This week's key funding deals, strategic acquisitions, and new fund launches across sectors.

The below brands have announced their latest funding rounds.

The Union Budget 2026–27 allocated INR 1,000 crore for ISM 2.0, placing greater emphasis on equipment, materials, indigenous intellectual property and specialized talent.

The new fund will target growth-stage, technology-enabled companies based in India or primarily focused on the Indian market.

The round also saw participation from 360 One Asset Management and existing backer Pravega Ventures.

The fresh capital will be used to build its lending platform, strengthen its team, and expand operations across key MSME markets in India.

The funding round also saw participation from existing investors Sorin Investments, Piper Serica, and Sattva Ventures.

Internshala will continue operating as an independent brand under Founder and CEO Sarvesh Agrawal.

The Bengaluru-based firm will use the funds to build an R&D hub, accelerate product development, obtain regulatory approvals, and strengthen its distribution network across India.

Existing investors Lightspeed Venture Partners, B Capital, Seaborne Capital, Beenext, Sparrow Capital and 2.2 Capital also participated in the round.

The round also saw participation from Enrission India Capital, SucSEED Ventures, Alumni Ventures and Chakra Growth Fund.

Under the agreement, Worldline will also enter into a long-term technology and software partnership with BillDesk.

The fund plans to invest between INR 2 crore and INR 5 crore in each portfolio company and has set aside additional capital for follow-on investments in high-performing startups.

The new capital brings the company's total funding to USD 14 million.

The round also saw continued participation from Nexus Venture Partners and AdvantEdge Founders, with Stride Ventures joining as a new investor.

Kotak Alternate Asset Managers Limited, through Kotak Life Sciences Fund I, invested INR 40 crore, while Alkemi Growth Capital contributed INR 25 crore.