Start Ups

L'Oreal signs agreement to acquire majority stake in D2C firm Innovist

Innovist founding team will remain in place as minority shareholders and will continue to operate and scale the business in collaboration with L'Oreal India

Vetic raises $40 million to expand pet-healthcare network

The Bessemer-led funding will help the startup expand clinics and veterinary services, broaden insurance offerings and invest in technology

Policy needed to check foreign tech dominance, says People Group founder

The Shaadi.com founder says India must strengthen digital sovereignty, curb Big Tech dominance and create a policy environment that supports homegrown innovation

Pramaana Labs raises $27 million in seed funding led by Khosla Ventures

AI verification startup plans to use proceeds to train formalisation models, expand research team and scale operations across regulated sectors

Flipkart Minutes reports fourfold jump in summer essentials demand

The quick-commerce platform saw strong growth in seasonal categories during March-May, driven by demand for personal-care products, beverages and mangoes

Nutrition startup TruNativ raises $30 mn in Series B funding led by OrbiMed

The Mumbai-based nutrition startup plans to expand distribution and grow its ingredient business as demand rises for clean-label and preventive-health products in India

Foodstories raises ₹50 crore in funding round led by Nikhil Kamath

The gourmet retail startup plans to use the fresh capital to expand its digital business, delivery network and retail footprint across key markets

IndiaAI Mission-backed startup Avataar launches indigenous video AI model

The IndiaAI Mission-backed startup said Varya can generate video at a fraction of the cost of global models while better capturing Indian contexts and cultural diversity

Rekise Marine raises $9.7 mn, led by Nikhil Kamath's firm and Accel

Marine robotics startup Rekise Marine has raised $9.7 million in a seed round led by Accel and Nikhil Kamath's NKSquared to expand autonomous naval platforms

Equal AI raises $30 mn to expand AI-powered assistant platform in India

The Series B round, co-led by Prosus Ventures and Tomales Bay Capital, will support the expansion of Equal AI's voice-based assistant and lifestyle services

Coram AI raises $35 million to bring autonomous tech to security

The startup, founded by former Lyft self-driving executives, plans to expand its India engineering team as demand grows for AI-powered physical security solutions

Ethereal Machines raises $28.5 mn in Series B round led by Avataar Ventures

The Bengaluru-based deep-tech startup will use the capital to expand precision manufacturing capacity, build a mega factory and strengthen its presence in global aerospace and defence markets

Defence, space-tech startups move beyond metros for testing, manufacturing

As defence and space-tech ventures move from design to deployment, many are expanding testing, manufacturing and training operations into smaller cities to access land, airspace and lower costs

The CA who went home and built a Rs 1,176 cr rural e-commerce startup

Prasanna Kumar walked away from the corporate life to solve the supply chain problem he saw as a child and built VilCart - an e-com startup for 100,000 kirana stores across rural South India

9 Indian cos join WEF's Tech Pioneers cohort of 100 early-stage startups

India has contributed nine companies, many focused on deep-tech and space innovation, while the Republic of Korea records its strongest representation to date across AI, robotics and quantum technolog

Zoho enters hardware segment with launch of made-in-India Nathu La server

The company's first indigenously designed server platform is aimed at reducing costs, improving performance and strengthening technology self-reliance

Hoola Health raises $5 million led by Peak XV's Surge to fuel expansion

The health-tech startup plans to use the funds to expand its clinic network, strengthen technology capabilities and scale its integrated paediatric care model

ED summoned Zepto's Aadit Palicha, Kaivalya Vohra over FEMA compliance

Zepto's updated IPO papers show founders Aadit Palicha and Kaivalya Vohra received ED summons under FEMA, with the company also flagging regulatory risks to investors

Zepto closes in on Blinkit in scale but profitability remains elusive

Zepto's IPO filing shows the company has emerged as Blinkit's closest challenger in quick commerce, although heavy investments in expansion continue to weigh on profitability

ED summoned Zepto founders in April under Fema ahead of IPO, UDRHP reveals

The UDRHP revealed ED asked Zepto's founders to provide information related to foreign and overseas investments, audited financial statements since FY21, shareholding patterns, loans and guarantees.