Fundings

Centricity raises ₹280 cr in Series A funding led by SMBC Asia Rising

Centricity, a technology-first wealth management company, on Thursday announced that it has raised Rs 280 crore in its Series A funding round, led by SMBC Asia Rising. In addition, existing investors, including Lightspeed India Partners, Burman Family Office, RAAY Investments, Stride Venture, and Innoven Capital, also participated in the funding round, Centricity said in a statement. The funds will be used to strengthen the company's proprietary technology stack, expand its B2B2C wealth distribution platform, accelerate the growth of its private wealth and NRI global private client businesses, and deepen its presence across domestic and international markets. Founded in 2022, Centricity is a wealth management company that manages more than Rs 15,000 crore in Assets Under Management (AUM).Earlier, it raised USD 4 million in pre-seed funding in 2022, followed by a USD 18 million seed round in 2024.

BlissClub raises ₹160 cr to expand retail footprint and product portfolio

Singularity AMC led the funding round, with founder Minu Margeret and existing investors backing the activewear brand's next phase of growth

HomeRun raises $12 mn to expand 60-minute building materials delivery

Nexus Venture Partners led the funding round as the construction materials quick-commerce startup accelerates expansion, months after raising $6.6 million

Nazara to raise ₹733.5 crore through a preferential issue for expansion

Nazara plans to raise ₹733.5 crore via a preferential issue, with the funds earmarked for acquisitions, business expansion, intellectual property and AI-led game development

River Mobility raises $120 million in Series C led by Elev8, Claypond

The Bengaluru-based electric two-wheeler maker will use the fresh capital to expand manufacturing capacity, build a new factory and launch products in the utility lifestyle segment

Centre releases less than a fourth of AI CoE funds approved till FY28

The Centre has released ₹233 crore for three AI Centres of Excellence, with IITs and IISc leading sector-specific AI research in agriculture, healthcare and cities

AI startup Freehand raises $75 million for supply-chain expansion

Battery Ventures and NewRoad Capital co-lead funding as startup expands AI agents that automate procurement and supply-chain spending for Fortune 500 companies

VCs may warm up to high-tech startups later this year, shows data

VC funding in Indian chip and space startups is gaining momentum in 2026, aided by government support despite cautious investor sentiment

GitHub Sponsors crosses $100 mn milestone as corporate funding accelerates

GitHub Sponsors has crossed $100 million in contributions, with corporate sponsorships driving faster growth and supporting more than 70,000 open-source maintainers worldwide

Funding for operator-led startups nearly doubles in two years to 11%

Funding for startups founded by experienced business operators rose nearly 12 times between 2023 and 2025, while seed-stage investments increased 17.5 times

Banks align on Vodafone Idea's projections, seek promoter promise

Banks have largely agreed on Vodafone Idea's financial projections but want stronger promoter guarantees before approving ₹35,000 crore in fresh funding

Rize raises $31 mn to grow sustainable rice platform across Southeast Asia

BNP Paribas Asset Management Alts led the Series B round as Rize expands exports, develops AI tools and scales carbon initiatives across Vietnam, Indonesia and other markets

Udaan secures $160 million in funding, simplifies capital structure

Existing investors M&G Prudential and Lightspeed joined new backer BlackRock in the financing, combining equity, debt and bond conversion as Udaan moves closer to a potential IPO

Strong funding demand lifts bank, commercial paper borrowings in Q1

In June alone, CP issuances climbed to a 55-month high of ₹2.55 trillion, largely driven by refinancing of maturing papers

NBFCs strengthen treasury teams after RBI opens term money market

NBFCs are hiring treasury specialists in money market operations and liquidity management as the RBI's proposal to widen access to the term money market reshapes funding strategies

Mobility startup Milo Drive raises $2.4 million in a seed funding round

EV mobility platform Milo Drive has raised $2.4 million in a seed funding round led by Caret Capital to strengthen its technology platform and scale operations

RDI fund's first cohort of startups aims to plug country's deep-tech gaps

The first five startups backed under the government's RDI fund will develop indigenous technologies in space, defence, healthcare, batteries and biotechnology through milestone-based financing

Sterlite Technologies raises ₹1,500 cr via QIP to fund next phase of growth

Broadband technology company Sterlite Technologies Ltd has raised Rs 1,500 crore through a qualified institutional placement to primarily de-leverage debt and pursue the next phase of growth, the company said on Monday. The company allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to Rs 1,500 crore. Following the allotment, STL's paid-up equity share capital increased to Rs 102.78 crore, comprising 51.39 crore equity shares, the company said in a statement. The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others. "STLhas raised Rs 1,500 crore through a Qualified Institutions Placement (QIP). The entire process saw participation by reputed domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others," the company said. The proceeds from the QIP will be primarily utilised to substantially de-leverag

Adar Poonawalla Family Office invests ₹700 crore in Inox Clean Energy

Inox Clean Energy Limited (Inox Clean) said on Thursday that it has secured Rs 700 crore in funding from the Adar Poonawalla Family Office. This follows an investment from CalPERS (California Public Employees' Retirement System, the largest pension fund in the US), which had invested approximately Rs 800 crore in the previous rounds, amongst other investors, Inox Clean said in a statement. The fresh funding of Rs 700 crore from Rising Sun Holdings Pvt Ltd, part of Adar Poonawalla Family Office, was raised at a valuation of Rs 70,000 crore, reinforcing investor confidence in Inox Clean Energy's long-term growth strategy, it said. Devansh Jain, Executive Director, INOXGFL Group, said, "We welcome Adar Poonawalla Family Office as an investor in Inox Clean. This investment is a strong endorsement of our vision, execution capabilities, and long-term growth strategy. Over the past year, we have built tremendous momentum by successfully executing our growth roadmap through a combination of

Indus Valley raises $17 million in funding round led by Gaja Capital

Indus Valley, a toxin-free kitchenware brand, on Tuesday said it has raised USD 17 million (about Rs 161 crore) in a funding round led by private equity firm Gaja Capital. TheSeries B funding round also included participation from existing investors DSG Consumer Partners, Rukam Capital, and The Chennai Angels, the Chennai-based firm said in a statement. "This investment will help us accelerate product innovation, strengthen our omnichannel distribution, deepen our brand presence, and expand our leadership across safer kitchen categories," Jagadeesh Kumar co-founder and CEO of The Indus Valley said. DSG Consumer Partners MD & Head of India Hariharan Premkumar said the investment will deepen product and distribution capabilities. Founded in 2016 by Jagadeesh Kumar and Madhumitha Uday Kumar, Indus Valley is a cookware company which offers toxin-free, non-coated cookware solutions across cast iron, iron, stainless steel, triply cookware, and pressure cookers.