Page 8 - Fundings

Evren raises $100 mn from ALTÉRRA to build 11 GW clean energy pipeline

The capital will support the development and construction of up to 11 GW of wind, solar, and battery storage projects in India, primarily across Rajasthan and Andhra Pradesh

Lighthouse invests ₹225 crore in premium occasion wear Kalki Fashion

Founded by Saurabh, Shishir, and Nishit Gupta, Kalki offers premium bridal, festive, and occasion wear for both men and women

Global race to lure US researchers intensifies after Trump cuts funding

The Trump administration has halted large swaths of federally funded research and embarked on mass layoffs under a government-wide cost-cutting initiative led by billionaire Elon Musk

Avaana Capital leads $3.8 mn seed round in biotech startup GreenGrahi

The funding will be used to build one of India's largest facilities capable of processing 150 tons of feedstock daily and also expand the scientific team and enter global markets

Harvard seeks speedy resolution of lawsuit over Trump's funding cuts

Harvard filed the lawsuit after the White House froze $2.2 billion in research grants on 14 April over its refusal to change policies on governance, discipline, hiring and admissions

Uniqus Consultech raises $20 mn in Series C funding, round led by Nexus

The round was led by Nexus Venture Partners, with participation from Sorin Investments. Both are existing investors in the company

And the wait continues: Fintech funding revival still out of reach

Sectoral regulators have signalled that they expect fintechs to focus strongly on governance, risk, compliance, and conduct aspects

Stay invested in quality smallcap funds, if risk profile and horizon allow

Investment is risky but medium-term outlook for companies in certain sectors is favourable

Garuda Aerospace raises ₹100 cr in series B funding from Venture Catalysts

Ace cricketer Mahindra Singh Dhoni-backed aerospace startup Garuda Aerospace on Wednesday said it has raised Rs 100 crore in its series B funding round from Venture Catalysts. The fresh funds, raised at a valuation of USD 250 million, will significantly enhance the company's capabilities in producing drone systems, Garuda Aerospace said. The funds will also be allocated to scaling up the platform's current production facility and fast-tracking the completion of an R&D and testing centre dedicated to advanced defense drone design, it said. "This series B funding not only strengthens our capacity to scale manufacturing and innovation but also positions us to accelerate the development of next-generation drone technology," said Agnkshwar Jayaprakash, Founder and CEO of Garuda Aerospace. This development not only strengthens Garuda Aerospace's position in the Indian aerospace ecosystem but also aligns with the nation's broader vision of achieving self-reliance in high-tech defense ...

UN humanitarian agency to slash staff by 20% amid 'brutal cuts' in funding

The UN humanitarian agency said it is cutting its 2,600 staff operating in more than 60 countries by 20% because of brutal cuts in funding that have left it with a nearly $60 million shortfall. UN humanitarian chief Tom Fletcher said in a letter obtained Friday by The Associated Press that the humanitarian community was already underfunded, overstretched and literally, under attack before the recent funding cuts. In the letter to staff at the agency, he didn't say which country was responsible for the cuts that led to the funding crisis at the UN Office for the Coordination of Humanitarian Affairs, known as OCHA, but he indicated it was the United States. Fletcher said OCHA had an overall budget of around $430 million for 2025, noting that several countries have announced or implemented cuts to the agency's extra-budgetary resources. He singled out the United States. The US alone has been the largest humanitarian donor for decades, he said, and the biggest contributor to OCHA's ...

Gujarat raises MLA fund by Rs 1 cr to ₹2.5 cr with focus on water projects

The Gujarat government has increased the annual MLA local area development to Rs 2.5 crore from the existing Rs 1.5 crore. Half of the additional allocation must be spent on water conservation, an official release said on Wednesday. The chief minister has significantly increased the grant allocated to the MLAs for the development and to further enhance the established identity of Gujarat as a role model of development, it said. The existing annual grant of Rs 1.5 crore allocated to the members of legislative assembly (MLAs) for local area development has been increased by Rs 1 crore, it said. The additional funds have been earmarked with a focus on the Centre's Catch the Rain' initiative for the collection and storage of rainwater, the release said. MLAs will have to carry out works worth Rs 50 lakh from this additional grant for the Catch the Rain' campaign launched by Prime Minister Narendra Modi for water conservation and rainwater harvesting, it said. To ensure future water .

'Cut by mistake': US restores aid to UN food programmes in 14 nations

The US says it mistakenly cut UN food aid to 14 crisis-hit nations and is now restoring funding after warnings that millions could face starvation

GreenLine lines up additional $1 billion to expand its green fleet

GreenLine to raise $275 mn equity to fund green fuel, EV truck push

Credit card fintech Scapia raises $40 million in Series B funding round

The company plans to enhance its product offerings, strengthen its team, and accelerate its growth plans

Pratilipi raises $20 million to expand Indian language storytelling

The company expects this to be its final primary funding round ahead of a potential public listing

Indian start-ups raised $1.23 bn venture debt in 2024: Stride Ventures

The global venture debt market has been growing at a CAGR of 14 per cent

Indian cos raise Rs 58,000 cr in FY25 from overseas capital market

Lower hedging cost, demand for high-yield paper, need to diversify borrowing sources drove the fund raise

FurtherAI secures $5 mn in funding to develop specialised AI for insurance

Purpose-built for the insurance industry, FurtherAI's AI automates complex document processing

Gruhas leads Rs 12.5 crore investment in content commerce startup LehLah

LehLah operates as a creator-driven platform that allows influencers to monetise their content through curated product recommendations

Companies raise record Rs 1.33 trn through QIPs in FY25 amid market boom

Indian companies achieved a record-breaking fundraising of Rs 1.33 lakh crore through Qualified Institutional Placements (QIPs) in FY25, registering a sharp increase from the previous year, as a booming stock market fuels aggressive capital raising. India Inc has raised Rs 1,33,251 crore till March 31, marking an 87 per cent increase from Rs 71,306 crore garnered in FY24, according to data compiled by Prime Database. Companies leveraged buoyant equity markets to strengthen balance sheets and fund expansion, a key driver of the surge in QIP fundraising, analysts said. As per the data, 85 companies have tapped the capital markets with QIP issues till March 31, 2025 as compared with just 64 companies during the last financial year. "FY25 witnessed the highest-ever QIP fundraising in the history of Indian capital markets, both in terms of volume and value," Neha Agarwal, MD & Head of Equity Capital Markets at JM Financial, told PTI. Agarwal attributed the surge in QIPs to a broader ..