Abhyuday Jindal stepped into the company in 2014 at its toughest hour, steering it from crisis to confidence. Today, he has reshaped the business with bold domestic focus, investments in new-age applications, and a vision for stainless steel in India's growth story.
Dr. Dmitry Chebanov, molecular biologist and scientific lead of Holivita — an AI-driven health intelligence platform focused on structuring personal medical data — about prevention, digital twins, and why understanding matters more than tracking.
As part of the deal, Nazara will acquire an initial 50% stake in the two companies for USD 100.3 million (around INR 918 crore), with USD 59.7 million payable at closing and the remaining within six months.
When AI is implemented in ways that feel transparent, supportive and aligned with human decision-making, it does not replace people. It removes friction that has quietly limited growth for years.
Funds will be deployed toward climate-focused sectors, MSMEs, renewable energy, sustainable supply chains, and expanding credit access in underserved markets across India.
The company is expected to merge its Singapore-based holding entity with its Indian unit, Hiveloop Ecommerce, which will become the parent company after the restructuring.
From drone-led healthcare logistics to AI-optimised urban transport, a new class of deep-tech startups is emerging to tackle structural inefficiencies.
The startup plans to use the fresh capital to accelerate the commercialisation of its Free Space Optics (FSO) and Light Fidelity (Li-Fi) technologies, while expanding into global markets and building customised solutions for defence and enterprise applications.
The secondary component of the funding round enabled liquidity for early investors, including Venture Catalysts, allowing them to convert long-term investments into cash returns.
With this acquisition, Bajaj Electricals will gain full ownership and control of the Morphy Richards brand in India, Nepal, Bhutan, Bangladesh, Sri Lanka, and the Maldives.
The round was led by Susquehanna Asia Venture Capital, with participation from existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners, while MakeMyTrip joined as a new investor.