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The Bengaluru-based digital payments firm is expected to raise between USD 600 million and USD 700 million, with a valuation of around USD 5–6 billion.

The investment was made through IndiGo Ventures in January and reflects the airline’s growing interest in urban air mobility technologies.

The acquisition was approved by MosChip’s board on April 16, 2026, and remains subject to necessary regulatory approvals.

The round also saw participation from ITI Growth Opportunities Fund, Merisis Wealth Trust, and several family offices.

The funding will support the deployment of more than 2.2 million smart meters in West Bengal and help expand Polaris’ advanced metering infrastructure (AMI) network in the region.

The round saw participation from YourNest VC and HBeon Labs and was structured as a mix of equity and debt financing.

The firm, which began as a small initiative to support companies in India’s capital markets ecosystem, has significantly expanded its scope over the past nine years.

The round also included participation from Peer Capital, Sadev Capital, and venture debt firm Alteria Capital.

Following his exit, the business will now be overseen by Rohit Kapoor, CEO of the company’s food marketplace, according to Entrackr’s internal communication.

Leading the global growth strategy is Chris Ciauri, the newly appointed managing director of International, who joins shortly after Paul Smith stepped into the role of chief commercial officer

Educational content and self-assessment tools are becoming increasingly important as well, because users today want to make informed decisions and feel more in control of their health journeys," Shailja Mittal, Founder, Rxmen

It claims its tools enhance customer experience while reducing the need for manual reviews and interventions

His several economic policies and social initiatives inspired several governments across the world but in recent years he's faced several legal charges.

Pramod Bhasin launches IMPunjab as an open source platform for startups

After Mahindra drew the attention of his 9.5 million twitter followers to Paramjeet Singh's resilience against challenging times, many outpoured their appreciation and support for him

This year the industry is expected to thrive further and is projected to see 190-200 million shipments in 2022 alone with 5G looming on the horizon

PV Sindhu becomes the only Indian woman to win BWF World Championships

Finance Minister Nirmala Sitharaman announces stimulus measures to boost the economy

5 ways the former Indian Prime Minister, Rajiv Gandhi laid the foundation of a modern India

On the 44th anniversary of emergency, PM pays homage to thousands who lost their lives during the tragic period and talks about economy, aspirations of new India

Assessing the pros and cons of simultaneous elections