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If completed, the deal would value Unacademy at more than 90% below its peak valuation of USD 3.4 billion in 2021.

Most recently, he served as Senior Vice President and Business Head for Swiggy Dineout, Assure, and Lynk, where he led growth initiatives and strengthened the company’s restaurant partnerships.

Before joining PhonePe, Jain founded WealthDesk in 2016, a platform that enabled users to invest in curated baskets of stocks and ETFs. He also launched OpenQ, focused on quant-led research and portfolio analytics.

Dholakia Lab Grown Diamond topped the funding charts this week, with Snabbit, Sahi, Kimbal, Metasports Interactive, and Oolka also securing major investments.

TIS 2026: Speakers shed light on how AI is redefining the future of innovation and society.

Experts also shed light on enterprise AI adoption maturity and highlighted the shift in required future workforce skills from data-centric to decision-centric problem-solving and governance.

The acquisition will enhance its offerings in key areas such as open banking, commercial lending, regulatory compliance, and fraud and financial crime management.

India’s rise offers a counter-narrative: a bottom-up, mobile-first, youth-powered ecosystem that could redefine what inclusive esports looks like globally.

The acquisition was aimed at strengthening Coforge’s presence in key markets and expanding its capabilities.

The acquisition builds on JSW One’s existing platform, JSW One Homes, and is expected to enhance its ability to offer integrated services across the home-building lifecycle.

The transaction is expected to close within calendar year 2026 and does not require regulatory approvals.

Earlier, co-founder Gajendra Jangid had stepped back from day-to-day operations.

The California-headquartered cybersecurity firm plans to integrate Portkey into its Prisma AIRS platform.

Existing investor Niveshaay also participated in the round, increasing its investment through a second follow-on funding.

Financial terms of the deal were not disclosed.

The company will also increase its network to over 1,000 micro-fulfillment centers to support faster deliveries across both metro and non-metro markets.

The seed round was co-led by Inflection Point Ventures and Avinya Ventures, with participation from India Accelerator, Founder’s Avenue, Anthill Ventures, Finvolve, LVX, Vivek Sinha, and Shivakumar Ganesan.

Rao, who joins the company in May, will serve as Roblox’s senior-most representative in the country and lead its overall business strategy and operations.

With this investment, Trimex is expected to strengthen its presence across existing markets while exploring new cities and brand partnerships, as competition intensifies in India’s organised dining space.

The anchor round was completed on April 29 at the upper price band of INR 171 per share.

The fund will focus on operational infrastructure assets that generate steady revenues backed by long-term contracts, largely involving government counterparties.

Late-stage funding saw a strong rise, increasing 126% to USD 273 million from USD 121 million in the previous quarter.

With migration of services and severance of ties with PPBL done months ago, the RBI license revocation helps Paytm ward off a "blackout" for users.

The round also saw participation from Anicut Capital, Let’s Venture, Capital A, Succeed Innovation, Garima Vohra, and Gaurav Chanana, among others.

The announcement follows the selection of 10 gaming startups from more than 240 applications for its inaugural 100-day programme.

The fresh capital will be used to expand its global presence and enhance product innovation.

The AI hub is part of Google’s planned USD 15 billion investment in India over five years, from 2026 to 2030.

The round saw participation from Shepherd’s Hill Private Equity, ESV-Arthya AIF, and Roots Ventures, along with venture debt from Innoven Capital and Alteria Capital.

The funding round was led by Abakkus Four2Eight Opportunities Fund, with participation from ICICI Ventures IAF5, Amal Parikh, and other investors.

The fresh capital will be used to strengthen its technology and AI capabilities, expand its product offerings into new trading categories, and grow its user base.