News & Trends | Page 2

The initiatives include the SIDBI RRB Co-Lending Portal, SIDBI MachFin Mart, the MoRE (Modernisation of Rural Enterprises) programme, and a Credit Cards for Micro Enterprises scheme introduced by the Department of Financial Services.

The virtual event, scheduled for May 29, will feature startups across sectors including deeptech, AI, aerospace, climate tech, sustainability, defence, logistics and consumer brands.

The round also saw participation from Jamwant Ventures, 8X Ventures, and several high net-worth individual investors.

The fund targets Pre-Series A to Series B startups, investing USD 1–3 million each across consumer tech, fintech and deeptech sectors.

The early-stage investor has backed companies across sectors such as spacetech, semiconductors, biotech, medtech, robotics, advanced engineering and agritech.

The court found him guilty of repeatedly failing to comply with orders requiring disclosure of his assets since April 2024.

The initiative offers free product access, AI automation, onboarding support, growth assistance, plus community, membership hub, and partner benefits from AWS, GitHub, and Notion

Nandan Nilekani joins as anchor investor; Debraj Banerjee becomes GP to co-lead AI strategy

With this partnership, GIVA aims to further strengthen its positioning among aspirational young buyers in India.

Infrastructure has led PE/VC focus since 2021, attracting USD 54.2 billion across 435 deals, driven mainly by renewables and roads sectors.

The funding round also saw participation from WaterBridge Ventures and Incubate Asia Fund.

Following the acquisition, HelloTravel will function as a wholly owned subsidiary of Wayfarers Technologies Private Limited.

On the buying side, Societe Generale emerged as the largest buyer, acquiring 18.86 lakh shares.

The round also included participation from Hero Enterprise Partner Ventures, Merisis Venture Fund and Stride Ventures.

The investment strategy will be led by Amit Dharod, Managing Director for Alternative Assets at JM Financial Asset Management.

Yes Madam will use the funds to expand into new cities, strengthen its professional network, invest in technology, and improve customer experience.

The funding round was co-led by Prime Venture Partners and Leo Capital, with participation from Good Startup, Sparrow Capital, Sun Icon Ventures, Dhoka Ventures and WTF (India) Delhi Angels.

Here’s a quick look at this week’s top funding deals, mergers and acquisitions, IPO activity, and key fund launches (May 16–May 22).

Offers a one-time grant of up to INR 50 lakh, with applications opening on May 25.

This marks Hexaware’s first acquisition since its purchase of CyberSolve in November last year.

This is Innovaccer’s fifth acquisition, strengthening its healthcare AI platform.