Business News

Honasa, Fashinza and Fi Money witness leadership exits as Bhargava, Gupta and Gwalani step down amid ongoing strategic transitions.

The fresh funds will support global expansion, technology upgrades, product integrations, and scaling AI-driven patient monitoring across healthcare systems.

The offering is expected to be largely a primary issue, meaning most of the funds raised will go directly to the company rather than existing investors.

Tencent offloaded around 48.4 lakh shares at a price of INR 1,664 per share.

The investment was led by Ashish Kacholia, with participation from Alchemy Fund.

This Week’s Top Funding Deals (May 02–May 08)

The Hyderabad-based venture capital firm had written the first institutional cheque into Kissht in June 2017.

Applications opened on May 8 and will close on May 22, 2026.

Wishvish Foods, operator of The Filter Coffee, expanded from 2 stores and 3 cloud kitchens to 10 outlets after investment.

As per the filing, Kotak Mahindra Bank will be permitted to acquire up to 9.99 percent of the paid-up share capital or voting rights in Jammu and Kashmir Bank.

Peak XV led investor activity with six deals, followed by Lightspeed with five, while Accel made two. Antler, Fundamentum, Blume Ventures, and Capital-A were active at seed stage, and late-stage activity remained limited with Venturi Partners.

The deal combines Freo’s financial products and regulatory licences with IndiaLends’ lending marketplace and distribution network.

The company may also undertake a pre-IPO placement ahead of the public issue.

The financial terms of the deal were not disclosed.

India and Vietnam have signed as many as 13 key agreements aimed at taking the bilateral trade to $25 billion by 2030

The proposed platform will be built using IBM’s watsonx Orchestrate and hosted on Yotta’s Shakti Cloud.

The transaction includes performance-linked adjustments over a 24-month period.

The funds will be used to finance residential as well as commercial and industrial rooftop solar installations, along with electric mobility solutions.

The selected startups include CtrlB, Interact AI, SuprSend, TakeMe2Space, and a stealth startup.

Ram Shriram, who is also a board member at Alphabet, Google’s parent company, is an existing investor in Skyroot through Sherpalo Ventures.

Pronto valuation doubles to USD 200 million after new investment

The initiative aims to improve recycling systems for EV batteries, secure critical raw materials and support the transition towards a circular economy.

The scheme will provide 100 percent guarantee coverage for MSMEs and 90 percent coverage for non-MSMEs and airlines.

Before taking charge in the MSME Ministry, Khera served as Additional Secretary in the Department of Consumer Affairs.

The company is now concentrating on providing AI infrastructure, including cloud-based computing power and tools tailored for enterprises.

The projects include a display-focused compound semiconductor facility in Dholera and a packaging and testing unit in Surat.

Claire Mazumdar, 37, currently serves as the founding CEO of Bicara Therapeutics, a company incubated by Biocon.

India’s digital health sector is growing rapidly, with AI, diagnostics, and data-driven models improving access, accuracy, and efficiency, while addressing gaps in infrastructure, affordability, and patient-centric care delivery.

The company had around 4,500 full-time employees as of December 31, 2025.

The IPO, which opened for subscription on April 30, was priced in the range of INR 162 to INR 171 per share.