Page 5 - Fundings

Snabbit raises $30 mn Series C to expand into child, elder and cooking care

The Bertelsmann-led funding marks Snabbit's third raise in nine months, helping the women-led quick services startup expand into new home care categories

IntrCity SmartBus secures ₹250 crore as India's intercity travel booms

Asset-light aggregator plans to double fleet and reach Rs 1,000 crore revenue as sector grows 10-13% annually

Signature Global raises ₹875 cr from IFC to fund new housing projects

Realty firm Signature Global Ltd on Tuesday said it has raised Rs 875 crore from World Bank's lending arm IFC through issuance of non-convertible debentures (NCDs) and the amount will be used to develop housing projects and retire high-cost debt. Gurugram-based Signature Global, one of the leading real estate developers in the country, also exuded confidence of achieving the sales bookings target of Rs 12,500 crore for this fiscal, on the back of launch pipeline of homes worth Rs 14,000 crore during the next five months. The company sold properties worth Rs 10,290 crore last fiscal to become the fifth largest listed realty firm in terms of sales bookings. "We have raised Rs 875 crore from private placement of NCDs with International Finance Corporation (IFC)," Signature Global Chairman Pradeep Kumar Aggarwal told reporters here. After the successful Initial Public Offering and listing of the shares on bourses, he said the company has achieved another major milestone by raising fund

Indian tech sector records deals worth $1.48 billion in Q3: Report

India's technology sector recorded deals worth USD 1.48 billion in the third quarter of 2025, marking a strategic reset move from volume-led activity to value-driven investments, with improved investor interest in AI, SaaS and enterprise automation, according to a report by Grant Thornton Bharat. The number and value of deals exceeding USD 50 million rose sharply, with high-value transactions quadrupling in volume and increasing more than fivefold in value compared to the previous quarter. "Q3 2025 marked a strategic reset in India's tech deal landscape, with 80 deals recorded, up 33 per cent quarter-on-quarter, signalling a move from volume-led activity to value-driven, theme-focused investments. Overall disclosed deal values were USD 1.48 billion, with high-value deals over USD 50 million quadrupling in number and increasing more than five-fold in value compared to Q2. "The quarter highlighted strong investor and acquirer interest in AI, SaaS and enterprise automation, reflecting

RBI proposes to allow banks to fund domestic, overseas acquisitions

Draft rules propose bank financing for domestic and overseas M&A, PSU divestments, and IPO subscriptions; framework to take effect from April 1, 2026

AI firm Uniphore secures $260 mn from Nvidia, AMD, Snowflake and Databricks

Uniphore values at $2.5 billion as it boosts its Business AI Cloud platform and ecosystem for enterprise-scale adoption

Trump calls Colombia's Petro an 'illegal drug dealer', ends US aid

President Donald Trump said Sunday he would slash US funding to Colombia because the country's leader does nothing to stop drug production, in what is the latest sign of friction between Washington and one of its closest allies in Latin America. In a social media post, Trump referred to Colombian President Gustavo Petro as an illegal drug dealer who is low rated and very unpopular. He warned that Petro better close up drug operations or the United States will close them up for him, and it won't be done nicely. Trump, while at his Mar-a-Lago resort in Florida, wrote on his Truth Social platform that Petro is strongly encouraging the massive production of drugs, in big and small fields across Colombia, which the Republican president spelled as Columbia. Petro does nothing to stop it, despite large scale payments and subsidies from the USA that are nothing more than a long term rip off of America, Trump said. AS OF TODAY, THESE PAYMENTS, OR ANY OTHER FORM OF PAYMENT, OR SUBSIDIES, WIL

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