The funds will be used to support the growth of the company's lending arm, True Credits Pvt Ltd, and to introduce new loan products in the Indian market.
The fresh funds will be used by Hi-Q Electronics to expand manufacturing capacity, upgrade technology and strengthen operational capabilities for mission-critical electronics.
The Kalaari Capital report finds women founders in India receive just INR 4 for every INR 100 raised by men, highlighting structural gaps in startup networks and venture funding access.
The funding round was led by Bertelsmann India Investments, with participation from Fireside Ventures, US-based Spark Growth Ventures, Bikaji Family Office, FE Securities and several other family offices.
The funding will support the company's plans to expand its virtual-first healthcare model and scale at-home critical care services across the GCC region.
The collaboration will focus on quantum technologies, future materials, neuromorphic engineering, and electric mobility, aiming to bridge fundamental research with real-world applications.
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.
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.