Page 2 - Fundings

Granite Asia leads $85 mn Series C funding in Kuku content platform

Granite Asia led Kuku's $85 million Series C round joined by Vertex Growth, IFC, Krafton, and others, to expand AI infrastructure and grow its vernacular storytelling ecosystem

TACC secures ₹1,230 cr SBI funding for Lithium-ion battery anode plant

Carbon materials manufacturer TACC Ltd on Wednesday said it has received a credit facility of Rs 1,230 crore sanctioned by the State Bank of India for the Lithium-ion battery grade graphite anode facility. The funding will be utilized to support the company's upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh, which will produce 20,000 MTPA of lithium-ion battery-grade graphite anode material, a company statement said. The facility will be among the first of its kind in India, marking a major step toward building a self-reliant domestic ecosystem for advanced energy materials, according to TACC Ltd, a wholly-owned subsidiary of HEG Ltd and part of the LNJ Bhilwara Group. TACC aims to contribute to India's self-reliance in critical technologies by establishing local manufacturing capabilities for battery-grade graphite anodes -- a key component of lithium-ion batteries used in electric vehicles and energy storage systems. This facility represents a significant step

HouseEazy raises ₹150 cr in Series B round from investors to grow business

HouseEazy, a marketplace for resale homes, has raised Rs 150 crore from investors, including Accel, to grow its business. In a statement on Tuesday, the company said it has raised this amount in a Series B funding round led by Accel, with participation from existing investors Chiratae Ventures and Antler. "The capital infusion will fuel technology advancements, geographic expansion, and brand growth, while strengthening HouseEazy's basket of services," the statement said. HouseEazy was founded by Tarun Sainani and Deepak Bhatia. "Indian consumers have long awaited a safe, one-stop solution for buying and selling homes. HouseEazy was founded with the vision of transforming the entire home ownership journey, built on the pillars of trust, speed, and convenience," said Bhatia. In just three years, Sainani said the company has helped over 2,500 homeowners transact properties worth more than Rs 2,000 crore. "With this new funding, we're ready to expand HouseEazy into new cities and un

Fintech firm Dezerv raises ₹350 crore to expand wealth tech platform

Fintech platform Dezerv's total funding now stands at ₹850 crore as it plans to expand across asset classes and hire top talent to enhance investor experience

Zerodha's Nikhil Kamath backs Nothing smartphone with $21 mn investment

Kamath said that the investment was guided by Nothing's design, utility, affordability, revenue & growth margins, and innovation capability

Allow 100% foreign-owned defence companies under automatic route: Thales

According to Indian government rules, foreign companies can invest in the defence sector in India under the automatic route only if their stake does not exceed 74 per cent

EcoEx raises $4 million to expand waste-tech and clean solutions

EcoEx's $4 million seed funding from Dovetail Global Fund and others will fuel tech upgrades, expansion, and ESG-aligned waste management solutions across India

Hero Future Energies secures ₹1,908 cr funding from SBI, Canara Bank

Hero Future Energies on Monday said it has secured Rs 1,908 crore in funding from public lenders State Bank of India and Canara Bank. These funds will be utilised for the development and construction of a 120 MW renewable hybrid project at Kurnool in Andhra Pradesh, the company said in a statement. The company has secured funding of Rs 1,908 crore from the State Bank of India (lead) and Canara Bank through SPV Clean Renewable Energy Hybrid Three Private Limited. The project is contracted with SJVN and integrates wind, solar, and storage technologies to deliver reliable peak power. With a repayment period of 21 years, the funding will ensure timely project execution and commencement of commercial operation, the company said.

Indian nonprofits turn to 'everyday giving' amid funding crunch: Report

With the tightening of institutional and foreign funding, Indian nonprofits are increasingly relying on "everyday giving" -- small, regular contributions of money, time, and skills from ordinary citizens -- to sustain operations and deepen community ties, according to a new study. The 'UDARTA: Everyday Giving (EG) Report 2025' has been developed by 13 social sector organisations and guided by more than 50 others and is India's collaborative research effort on how nonprofits are leveraging citizen philanthropy. Jointly funded by GivingTuesday and Rohini Nilekani Philanthropies, the study surveyed 304 nonprofits across 26 states, ranging from small grassroots groups to large institutions with annual budgets exceeding Rs 100 crore. The report finds that donations from everyday givers already make up around one-third of nonprofit funding, and 96 per cent of organisations engaged in such fundraising found it worthwhile. Everyday giving also helps nonprofits secure unrestricted funds --

Air India raises $215 million from StanChart, Bank of India for refinancing

The loan comes after an Air India plane crash in June was one of the worst aviation accidents in the country, initially causing talks for fund raising to slow

Non-bank funding rose as bank credit slowed in FY25: RBI Bulletin

Non-bank sources including NBFCs, equity issuances and short-term external credit offset moderation in bank lending, raising overall funding flows to the commercial sector

Duro Capital hits first close of ₹200 crore on maiden India AIF offering

Duro Opportunities Fund, a Sebi-registered AIF, aims to raise ₹1,000 cr from Indian family offices for concentrated bets on listed companies across sectors

Good Capital closes its second fund with investments in AI-powered startups

Venture capital firm Good Capital has closed its second fund at $30 million, aiming to back AI-driven startups after supporting companies like Meesho, Orange Health, and LEAD School

Hero Future Energies gets ₹1K cr funding from SBI to fund hybrid project

Hero Future Energies has secured a Rs 1,024 crore funding from State Bank of India (SBI) to finance a hybrid project in Andhra Pradesh. The 60 MW project, which combines solar, wind and storage, and is contracted with SECI, is being built in Kurnool district of the southern state. Funding worth Rs 10,240 million (Rs 1,024 crore) has been secured through SPV (special purpose vehicle) Clean Solar Power Barmer. The funds will be utilised for the development and construction a 60 MW hybrid peak power project, the company said. This funding, which will have repayment spread over a period of 21 years, will help in timely completion of the said peak power project. The renewable energy arm of the Hero Group, HFE is backed by leading global investors such as International Finance Corporation (IFC) and KKR.

Blue Energy Motors raises $50 mn to accelerate green trucking in India

Blue Energy Motors (BEM), India's leading manufacturer of LNG and Electric heavy-duty trucks, has secured fresh funding, bringing its total capital raised to USD 50 million, the company said on Thursday. The company's vision for green mobility is backed by Essar and FPT (Iveco Group), serving as both a strategic investor and technology partner. "In the latest funding round, Blue Energy Motors raised an additional USD 30 million from Nikhil Kamath and Omnitex Industries," the company said in a statement. BEM currently has a manufacturing capacity of 10,000 trucks per year. The fresh funding will be instrumental in fully unlocking this capacity, accelerating production, expanding the development of liquefied natural gas (LNG) and electric vehicle (EV) heavy-duty trucks, and scaling the company's green mobility footprint across India. "The company is at the forefront of decarbonising India's transportation sector, which contributes nearly 15 per cent of the country's total carbon ...

FinBox raises $40 mn from WestBridge to boost AI-led credit platform

Credit infrastructure fintech FinBox raises $40 million in Series B led by WestBridge Capital to strengthen AI-driven lending products, expand globally, and scale fraud intelligence

BeyondSquare raises $4 mn from Avant to expand financial reporting services

Bengaluru-based firm will use investment to improve its software platform and expand in global markets

EcoSoul Home secures $20 mn in funding from Accel, Bajaj Financial, others

Sustainable home essentials brand EcoSoul Home has raised USD 20 million (about Rs 180 crore) in a funding round led by Accel and Bajaj Financial Securities. The Series B funding round, a mix of equity (USD 17 million) and debt financing (USD 3 million), also saw Mohandas Pai's StartupXseed Ventures, JSW Ventures, and CK Birla Group. Venture debt was secured from Alteria Capital and SIDBI, the company said in a statement. "The investment will enable EcoSoul to enhance manufacturing capabilities across its three production facilities in India while strengthening its omni-channel retail presence in key markets, including the United States, United Kingdom, Europe, GCC countries, and India," it said. With this round, Ecosoul's cumulative funding has crossed the USD 50 million mark. EcoSoul Home Co-Founder and CEO Rahul Singh said the fresh capital will be deployed towards doubling the capacity of its owned manufacturing plants and expanding production for new product lines. The brand

Nothing raises $200 million from Tiger Global, Nikhil Kamath, others

Consumer technology firm Nothing on Tuesday said it has raised USD 200 million (about Rs 1,762 crore) in a Series C funding round, valuing the company at USD 1.3 billion, to accelerate its efforts to build an AI-native platform where hardware and software converge. The funding round was led by Tiger Global, with support from existing shareholders, including GV, Highland Europe, and EQT. New strategic backing came from Nikhil Kamath and Qualcomm Ventures, the company said in a statement. The fresh capital will be used to accelerate the company's innovation roadmap and further scale its distribution network. The London-headquartered four-year-old company reported that it crossed USD 1 billion in total sales at the beginning of 2025. It also announced plans to launch its first AI-native devices next year. In the near-term, we believe that the smartphone will remain the only device shipping at a billion-unit scale each year. But soon, we'll all be carrying an additional device that wil

Datanomics: Going digital in 2027 likely to raise Census cost by a tad

The Budget Estimates for conducting census in 2001 (FY 01) stood at Rs 657 crore, with actual spending at Rs 652 crore