Business News
CHOSEN Raises USD 5 Mn in Series A Led by Fireside Ventures
The round also saw participation from BOLD, L’Oréal’s corporate venture capital arm, and Alkemi Growth Capital.
News & Trends | Page 6
Business News
Swiggy Appoints Swapnil Bajpai as CEO of Dineout and Scenes
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.
Business News
PhonePe’s Share.Market CEO Ujjwal Jain Steps Down After Four Years
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.
Business News
Startup Funding Surges 343% in a Week Led by Sahi, Snabbit and Dholakia Deals
Dholakia Lab Grown Diamond topped the funding charts this week, with Snabbit, Sahi, Kimbal, Metasports Interactive, and Oolka also securing major investments.
Business News
Tech Mahindra to Acquire 85% Stake in Canada-Based Avant Techno Solutions
The acquisition will enhance its offerings in key areas such as open banking, commercial lending, regulatory compliance, and fraud and financial crime management.
Business News
Coforge Completes Cigniti Acquisition After Regulatory Clearances
The acquisition was aimed at strengthening Coforge’s presence in key markets and expanding its capabilities.
Business News
JSW One Acquires BuildNext to Strengthen Home Construction Platform
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.
Business News
Federal Bank to Acquire Standard Chartered’s Credit Card Portfolio
The transaction is expected to close within calendar year 2026 and does not require regulatory approvals.
Business News
Cars24 COO Mehul Agrawal Steps Down from Operating Role
Earlier, co-founder Gajendra Jangid had stepped back from day-to-day operations.
Business News
Palo Alto Networks to Acquire Portkey to Boost AI Security
The California-headquartered cybersecurity firm plans to integrate Portkey into its Prisma AIRS platform.
Business News
Kimbal Raises USD 22 Mn in Series B Led by GEF Capital
Existing investor Niveshaay also participated in the round, increasing its investment through a second follow-on funding.
Business News
Reliance Retail Acquires Priyanka Chopra’s Haircare Brand Anomaly
Financial terms of the deal were not disclosed.
Business News
Amazon Now to Expand to 100 Cities in India
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.
Business News
Deep-Tech Startup Ctruh Secures USD 2.5 Mn Investment
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.
Business News
Roblox Appoints Sunil Rao as India MD
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.
Business News
Siguler Guff Invests USD 40 Mn in Trimex Foods
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.
Business News
Kissht Raises INR 278 Cr from Anchor Investors Ahead of IPO
The anchor round was completed on April 29 at the upper price band of INR 171 per share.
Business News
Neo Alternative Asset Managers Raises INR 1,500 Cr in First Close of Infra Fund II
The fund will focus on operational infrastructure assets that generate steady revenues backed by long-term contracts, largely involving government counterparties.
Business News
India Fintech Funding Flat at USD 513 Mn in Q1 2026 as Deal Count Drops 54%: Report
Late-stage funding saw a strong rise, increasing 126% to USD 273 million from USD 121 million in the previous quarter.
Business News
Sports-Tech Startup SportVot Secures INR 32.7 Cr Funding Led by IAN Alpha Fund
The round also saw participation from Anicut Capital, Let’s Venture, Capital A, Succeed Innovation, Garima Vohra, and Gaurav Chanana, among others.
Business News
LVL Zero Onboards Google Play, Xbox and More for Inaugural Gaming Cohort
The announcement follows the selection of 10 gaming startups from more than 240 applications for its inaugural 100-day programme.
Business News
Mojro Technologies Raises USD 5.5 Mn in Series A Round
The fresh capital will be used to expand its global presence and enhance product innovation.
Business News
Google Partners Adani, Airtel for India AI Hub Project
The AI hub is part of Google’s planned USD 15 billion investment in India over five years, from 2026 to 2030.
Business News
Novio Raises INR 100 Cr in Series A Round Led by Cornerstone Ventures
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.
Business News
Dholakia Lab Grown Diamond Raises INR 800 Cr Funding
The funding round was led by Abakkus Four2Eight Opportunities Fund, with participation from ICICI Ventures IAF5, Amal Parikh, and other investors.
Business News
Sahi Raises USD 33 Mn in Series B Funding Led by Accel
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.
Business News
Gajendra Jangid to Step Away from Day-to-Day Role at Cars24
His decision follows recent departures of key executives, indicating changes in the company’s leadership structure.