Page 7 - Fundings

Patel Retail raises ₹43 crore from anchor investors ahead of IPO

Supermarket chain Patel Retail Ltd on Monday collected over Rs 43 crore from anchor investors, ahead of its initial public offering (IPO) opening for subscription. The investors participated in the anchor round included Chanakya Opportunities Fund, BNP Paribas Financial Markets, Maybank Securities, Beacon Stone Capital, Saint Capital Fund and Pine Oak Global Fund, according to a circular uploaded on BSE's website. As per circular, the company allotted 17.04 lakh equity shares to investors at Rs 255 apiece, aggregating the fund raising to Rs 43.46 crore. The company's IPO -- a mix of a fresh issue of 85.18 lakh shares and an offer for sale of 10.02 lakh shares of promoters -- will open for public subscription on August 19 and conclude on August 21. At the upper end of the price band, the company's public issue is expected to fetch Rs 242.76 crore. The company's shares will be available for subscription in the price band of Rs 237 to Rs 255 apiece. Proceeds from the fresh issuance w

PSU Funds: Govt spending could aid recovery, suited for high-risk takers

Allocate 5-10% in satellite portfolio with five-year horizon

Email startup Titan lands deal with GoDaddy to take on Google, Microsoft

The deal will integrate Titan's AI-powered email platform into GoDaddy's Professional Email service, potentially reaching millions of small businesses globally

Atomic Capital closes ₹400 cr first fund for early growth consumer startups

Venture capital firm to invest in 10-12 homegrown consumer and consumer-tech companies, with focus on capital-efficient, sustainable growth models

Ultraviolette raises $21 million in funding round led by TDK Ventures

Premium electric motorcycle manufacturer Ultraviolette on Tuesday said it has secured USD 21-million in a funding round with strategic investment from deep tech investor TDK Ventures. TDK Ventures is the corporate venture capital arm of Japanese firm TDK. "The investment round of USD 21-million saw strategic participation from TDK Ventures and strong continued backing from existing investors Zoho Corporation and Lingotto (previously Exor Capital) among other leading institutional investors," Ultraviolette said in a statement. Other investors in Ultraviolette include Sriharsha Majety (co-founder & CEO, Swiggy), Ankit Nagori (co-founder, Cure Foods; former Chief Business Officer, Flipkart), Aprameya Radhakrishna (Co-founder, TaxiForSure), and actor Dulquer Salmaan, the company said. The partnership with TDK Ventures represents a pivotal step in Ultraviolette's mission to develop and scale globally competitive performance-oriented EVs, it stated. "We look forward to bringing our TDK

Fairdeal raises $3 mn in pre-series A funding to expand, deepen tech infra

B2B quick commerce platform to enhance tech infrastructure, widen Delhi NCR reach, and onboard more direct-to-consumer and regional brands with fresh funding

Graas.ai raises $9 million to expand AI agent platform Agent Foundry

Graas.ai secures $9 million in pre-Series B funding to expand Agent Foundry, its AI agent platform solving commerce challenges for D2C and marketplace brands

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