Page 4 - Fundings

Xovian Aerospace raises $2.5 million to launch AI-native RF satellites

Funds will help the firm launch its maiden spacecraft on ISRO rocket, expand capacity, deploy nanosatellite and pilot its real-time RF sensing tech for customers by 2026

SuperGaming raises $15 mn Series B to take Indus Battle Royale global

Pune-based SuperGaming secures $15 mn in Series B funding at a $100 mn valuation to expand Indus Battle Royale to Latin America and scale game development capabilities

Lot of Indian-origin AI, deep-tech talent is moving abroad: Padmaja Ruparel

Deep tech and AI are extremely significant to us: these are emerging sectors with tremendous potential, says Ruparel

Chip startup SiMa.ai lands $85 mn to power AI robots, autonomous cars

SiMa.ai raises $85 million to expand its physical AI platform and support the robotics, automotive, and industrial markets with specialized chips and software

SAFE Security bags $70 mn to build AI tools for autonomous cyber governance

Backed by Avataar Ventures and others, SAFE to invest in agentic AI for real-time, autonomous cyber risk assessment as demand for boardroom-level solutions grows

W Health Ventures announces $70 mn fund II focused on healthcare firms

Fund II will invest and back about eight to 10 new companies over the next four years

AI platform iTuring raises $5 million Series A for financial services push

iTuring.ai, an AI platform targeting the BFSI sector, raises $5 million in Series A funding led by Dallas Venture Capital and Mela Ventures to expand product development

Lotte India eyes ₹3,000 crore revenue by 2027 after Havmor merger

Lotte India sets sights on Rs 3,000 crore revenue by 2027, launches Korean snack Pepero, and invests Rs 475 crore in Rohtak to scale up domestic manufacturing

AI demo firm Olto raises $5.1 mn from Nexus, The General Partnership

San Francisco-based AI startup Olto secured $5.1 mn in a pre-seed round co-led by Nexus Venture Partners and The General Partnership to automate and personalise B2B demos

Gupshup raises $60 million to expand Conversational AI capabilities

Gupshup raised over $60 million in equity and debt funding from Globespan and EvolutionX to scale its Conversational AI platform and grow across high-potential markets

Inbound Aerospace raises $1 mn pre-seed round led by Speciale Invest

Space tech startup will use capital for developing autonomous reusable re-entry vehicles

EduFund secures $6 million in Series A round to expand beyond metro cities

EduFund has raised $6 mn in a Series A round. The funding will support its expansion into Tier-I and Tier-II cities, with new AI tools and expanded loan offerings

India's VC funding hits $3.5 bn led by fintech amid global slowdown: KPMG

Global venture capital (VC) investment declined to $101.05 billion across 7,356 deals in the second quarter of 2025, compared to Q1's $128.4 billion: KPMG's latest Venture Pulse report

Burger Singh denies ₹47 cr funding, says no money has hit the bank yet

The burger chain clarifies it hasn't raised ₹47 cr yet, says the buzz stems from a routine MGT-14 filing. Founder Kabir Jeet Singh has some hilarious analogies

QIP fundraising revives in June after a tepid first five months of 2025

₹14,000 crore raised as firms tap improved valuations, liquidity

SBI eyes ₹25,000 crore via record QIP, sets floor at 2.5% discount

The bank's board approved another ₹20,000 crore fund raise by issuing bonds

QpiAI raises $32 million from Avataar, NQM to build quantum computers

Bengaluru-based QpiAI raises $32 million to build utility-scale quantum systems as India pushes ahead in emerging technologies through public and private backing

Embassy Reit plans to tap debt market with ₹2,000 crore bond sale

The real estate investment trust will look to close the funding round before the end of this month

Senate votes to move ahead with Trump's request for $9 bn in spending cuts

Senate Republicans on Tuesday advanced President Donald Trump's request to cancel some USD 9 billion in previously approved spending, overcoming concerns from some lawmakers about what the rescissions could mean for impoverished people around the globe and for public radio and television stations in their home states. The Senate vote was 50-50, with Vice President JD Vance breaking the tie. A final vote in the Senate could occur as early as Wednesday. The bill would then return to the House for another vote before it would go to Trump's desk for his signature before a Friday deadline. Republicans winnowed down the president's request by taking out his proposed USD 400 million cut to a programme known as PEPFAR. That change increased the prospects for the bill's passage. The politically popular programme is credited with saving millions of lives since its creation under then-President George W. Bush to combat HIV/AIDS. The president is also looking to claw back money for foreign aid

Allcargo Terminals to raise ₹38.28 cr through convertible warrants issuance

Multimodal logistics operator Allcargo Terminals Ltd (ATL) on Tuesday said it plans to raise Rs 38.28 crore through the issuance of up to 1.32 crore fully convertible warrants to the promoters/promoter group. The proposed fundraise, which will kickstart ATL's three-year expansion plans, will be utilised for building capacity and setting up new container freight stations (CFS) and inland container depots (ICDs), the company said. An Allcargo group firm, ATL, specializes in CFS and ICD with pan-India presence, serving diverse logistical requirements at strategic locations such as JNPT, Mundra, Chennai, and Kolkata. "The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025," Allcargo Terminals said. "As India's logistics sector undergoes structural transformation, ATL is well positioned to scale up operational capacity while remaining capital-efficient and growth-focussed, creating sustainable value for all stakeholders," said Shashi .