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Xponentia Capital, Vertex Growth Fund lead Palmonas' Series B round

New Delhi, April 1 -- Homegrown jewellery brand Palmonas has raised $40 million (around Rs 375 crore) in its Series B funding round led by Xponentia Capital and Vertex Growth Fund, the growth-stage in... Read More


Bajaj Finserv leads NowPurchase's Series B funding round

New Delhi, April 1 -- AI-enabled B2B procurement platform NowPurchase has raised Rs 80 crore ($8.5 million) in a Series B funding round led by Bajaj Finserv, with participation from existing investors... Read More


US short-seller Morpheus alleges MakeMyTrip defying regulators, misleading customers

New Delhi, March 31 -- Morpheus Research, a US-based short-seller, has published a report accusing India's largest online travel agency, MakeMyTrip Ltd, of continuing to defy a 2022 antitrust order by... Read More


Bachatt, Fanon, Duggar Finvest pocket early-stage cheques

New Delhi, March 31 -- AI-led wealthtech platform Bachatt, storytelling startup Fanon, and non-banking financial company Duggar Finvest have raised early-stage funding. Bachatt Bachatt, an AI-led sa... Read More


Aavishkaar Capital invests $10 mn in Gnani.ai's Series B round

New Delhi, March 31 -- Mumbai-based impact investor Aavishkaar Capital has invested $10 million (around Rs 94 crore) in Bengaluru-based voice AI startup Gnani.ai as part of its Series B funding round,... Read More


Blackstone-backed EPL to merge with Indorama firm Indovida in $2-bn deal

New Delhi, March 30 -- Mumbai-listed EPL Ltd, one of the world's biggest manufacturers of laminated tubes, has agreed to merge with Indovida, a plastics packaging company backed by Thailand's Indorama... Read More


Spacetech startup Bellatrix Aerospace pockets $20 mn in pre-Series B

New Delhi, March 30 -- Space-tech startup Bellatrix Aerospace has raised $20 million (around Rs 189 crore) in its pre-Series B growth round led by Cactus Partners. New investors such as 35 North Vent... Read More


ChrysCap-backed CMS Info Systems buys FSS' managed services business

New Delhi, March 30 -- One of the largest cash-management companies in the country CMS Info Systems, which is backed by homegrown private equity firm ChrysCapital, has acquired the ATM managed service... Read More


Bacancy Systems, Sign3, Skillsvest, others raise early-stage funding

New Delhi, March 30 -- Embedded electronics company Bacancy Systems, fraud intelligence startup Sign3, fintech platform Skillsvest, agritech startup Cropcoin Technologies, and manufacturing software f... Read More


JSW Energy acquires rail infrastructure firm via insolvency process

New Delhi, March 27 -- Power producer JSW Energy Ltd has acquired full control of Raigarh Champa Rail Infrastructure Pvt Ltd (RCRIPL), in a Rs. 700.1 crore (around $74.3 million) deal, making the rail... Read More