Page 8 - Fundings

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 .

US aid cuts pause HIV vaccine research in S Africa, to have global impact

Just a week had remained before scientists in South Africa were to begin clinical trials of an HIV vaccine, and hopes were high for another step toward limiting one of history's deadliest pandemics. Then the email arrived. Stop all work, it said. The United States under the Trump administration was withdrawing all its funding. The news devastated the researchers, who live and work in a region where more people live with HIV than anywhere else in the world. Their research project, called BRILLIANT, was meant to be the latest to draw on the region's genetic diversity and deep expertise in the hope of benefiting people everywhere. But the $46 million from the US for the project was disappearing, part of the dismantling of foreign aid by the world's biggest donor earlier this year as President Donald Trump announced a focus on priorities at home. South Africa hit hard by aid cuts South Africa has been hit especially hard because of Trump's baseless claims about the targeting of the ..

₹1 trillion RDI Fund: Paving the way for a future-ready Indian economy

On July 1, Union Cabinet approved historic and bold initiative to set up a ₹1 trn Research, Development and Innovation (RDI) Fund aimed at spurring a private sector-driven R&D ecosystem

Burman family leads ₹1.5K cr fund infusion into Religare Enterprises

The Burman family, owners of Dabur and promoters of Religare, will contribute ₹750 crore-half of the total infusion-demonstrating their continued commitment to the financial services firm

Zepto set to raise $500 mn in new funding round, valuation to touch $7 bn

Zepto's $450-500 million funding round is likely to be led by General Catalyst and Avenir, with efforts to boost Indian ownership ahead of its IPO by attracting domestic investors

TVS ILP raises Rs 1,300 crore through private InvIT to fuel growth

TVS Industrial & Logistics Parks raises Rs 1,300 crore through its private infrastructure investment trust (InvIT), with a target to achieve 32% annual growth, mostly organically

Clean-label food startup Khetika raises ₹154 crore for expansion

Clean-label food startup Khetika on Monday said it has raised USD 18 million, or about Rs 154 crore, from a clutch of investors for expansion. Narotam Sekhsaria Family Office and Anicut Capital, along with existing investors Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums participated in the funding round, a statement said. The company, which aims to make preservative-free food accessible to every Indian household, plans to use the funds to fuel growth, brand building and operational expansion, the statement said, adding that it will also provide secondary exit to early investors. The Mumbai-based company sells products through e-commerce platforms and large retail stores only, and is aiming to expand into new cities and build teams across innovation, marketing, and operations. The company's co-founder and chief executive, Prithwi Singh said at a time when the Indian food sector is grappling with "adulteration and high use of harmful chemicals" Khetika procures

AppsForBharat raises ₹175 crore Series C to scale Sri Mandir platform

AppsForBharat secures ₹175 crore in Series C funding to deepen digital temple services, expand into 20 towns, and enhance AI-driven devotional experiences