Business News

The investment was made through IndiGo Ventures in January and reflects the airline’s growing interest in urban air mobility technologies.

The acquisition was approved by MosChip’s board on April 16, 2026, and remains subject to necessary regulatory approvals.

The round also saw participation from ITI Growth Opportunities Fund, Merisis Wealth Trust, and several family offices.

The funding will support the deployment of more than 2.2 million smart meters in West Bengal and help expand Polaris’ advanced metering infrastructure (AMI) network in the region.

The round saw participation from YourNest VC and HBeon Labs and was structured as a mix of equity and debt financing.

The firm, which began as a small initiative to support companies in India’s capital markets ecosystem, has significantly expanded its scope over the past nine years.

The round also included participation from Peer Capital, Sadev Capital, and venture debt firm Alteria Capital.

Following his exit, the business will now be overseen by Rohit Kapoor, CEO of the company’s food marketplace, according to Entrackr’s internal communication.

Top startup deals for the week of April 4–10, 2026

The Series B funding round was led by Peak XV Partners, with participation from Define Ventures, General Catalyst, and Y Combinator.

Jain, who previously served as Chief Operating Officer, had been acting CEO during a recent leadership transition.

The firm delivered over 240 engagements across 13 sectors, spanning multiple geographies during the year.

JFE Engineering will invest ¥750 million for a 25% stake in project SPVs, while Antony Waste retains 75% ownership and control.

The round also saw participation from RTP Global and Unicorn India Ventures.

The round also included participation from existing investors Asian Development Bank and Advantedge Founders, along with Trucks Venture Capital.

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.