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Hyperbots, Flam, Adopt AI, Alt DRX, others raise early-stage funding

New Delhi, May 13 -- Artificial intelligence-based startup Hyperbots, AI infrastructure startup Flam, Adopt AI, Alt DRX, TheAlphaCode.org, and TIEA Connectors have secured funding in early-stage round... Read More


Binny Bansal-backed Curefoods acquires pan-India rights for Krispy Kreme

New Delhi, May 13 -- Curefoods, backed by Flipkart co-founder Binny Bansal, has acquired the rights to operate the global doughnut and coffee brand Krispy Kreme across India. The move will strengthen ... Read More


JSW One Platforms gets $1 bn valuation in new funding round

New Delhi, May 13 -- JSW One Platforms Ltd, a B2B digital marketplace for industrial material procurement, has raised Rs 340 crore ($40 million) from a group of investors, including its parent company... Read More


L Catterton leads $40 mn investment in Farmley

New Delhi, May 13 -- Farmley, a nuts and dry fruit brand, operated by Connedit Business Solutions Pvt. Ltd, has raised $40 million (about Rs 340 crore) in its Series C round led by consumer-focused Am... Read More


Carpediem Capital doubles down on Biryani Blues via new fund

New Delhi, May 13 -- Biryani Blues, a homegrown quick service restaurant chain specializing in authentic dum biryani, has raised $5 million (Rs 42.4 crore) in a pre-Series C funding round, led by exis... Read More


Sumitomo Mitsui Banking to buy 20% stake in YES Bank from SBI, others

New Delhi, May 9 -- Japanese financial services giant Sumitomo Mitsui Banking Corporation (SMBC) has agreed to buy a 20% stake in YES Bank in what would be the largest cross-border transaction in the ... Read More


MENA Digest: Egypt's Money Fellows, Saudi firm Nqoodlet, others get funding

New Delhi, May 9 -- Fintech startups drove fundraising activity in the Middle East and North Africa region this week. Leading the charge was Egyptian fintech platform Money Fellows, which closed a dou... Read More


ICICI Prudential AMC to take over PE, VC, real estate funds from ICICI Venture

New Delhi, May 9 -- ICICI Prudential Asset Management Co Ltd is set to take over the private equity, venture capital, and real estate fund management businesses from its group company, ICICI Venture, ... Read More


IndiaMart fully acquires SaaS firm; Kaynes Tech to buy Canadian electronics company

New Delhi, May 9 -- IndiaMART InterMESH Ltd has taken full control of an accounting software provider, making it a wholly owned subsidiary, while Kaynes Technology India Ltd has struck a deal to acqui... Read More


91Trucks, Zebu, High Time Foods, Feline Spirits secure funding

New Delhi, May 8 -- Commercial vehicles platform 91Trucks, defence-tech startup Zebu, food-tech company High Time Foods, and alcoholic beverage brand Feline Spirits have secured funding in early-stage... Read More