News
Mumbai's NBFC Ecofy raises Rs 380 crore from global investors to expand green lending in India
23+ hour, 47+ min ago (334+ words) Mumbai-based non-banking financial company Ecofy has raised Rs 380.5 crore (about $42 million) in a Series B equity funding round led by the UK's development finance institution British International Investment (BII) and Finland-based Finnfund. Existing investors Eversource Capital and FMO also participated…...
Anonymous social media platform Grapevine raises $4.1 million, launches AI talent agent TAL
6+ hour, 12+ min ago (194+ words) Anonymous social media platform Grapevine has raised $4.1 million (about Rs 37.9 crore) in a funding round led by Kae Capital, Peak XV Partners and upGrad co-founder Ronnie Screwvala, as it looks to expand its AI-led offerings in the recruitment space. The…...
Dubai-based Solstice Data to invest Rs 52,600 crore for AI-driven data centre in Kerala
1+ day, 25+ min ago (267+ words) Dubai-based Solstice Data has signed a Memorandum of Understanding (MoU) with the Kerala government to set up a large AI-driven data centre project worth Rs 52,600 crore at the KINFRA Industrial Park in Mattannur, in Kannur district. Under the agreement, the…...
Visa processing startup Atlys raises $36 million in funding to scale its presence globally
1+ day, 48+ min ago (330+ words) Visa processing startup Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia Venture Capital, as the startup looks to expand globally and deepen its use of AI in the visa application process. Existing investors Elevation…...
'Focus on growth rather than survival': Unacademy to shift from company-run centres to a franchise model
2+ mon, 2+ day ago (468+ words) Bengaluru-based edtech firm Unacademy plans to shift from its its company-operated offline centres to a franchise model, as it sharpens its focus on a more capital-efficient operating model. The shift is expected to be completed by April this year, Moneycontrol…...
'Yes, we are in M&A talks...our valuation is now less than $500 million': Unacademy's Gaurav Munjal
3+ mon, 6+ day ago (739+ words) Unacademy co-founder and CEO Gaurav Munjal Unacademy co-founder and CEO Gaurav Munjal on Wednesday confirmed that the edtech firm is engaged in merger and acquisition (M&A) discussions, adding that the company would pursue a deal only if it results in…...
upGrad finally moves to acquire Unacademy; CEO Munjal says, 'We will not disclose valuation until closing"
1+ day, 8+ hour ago (541+ words) Ronnie Screwvala co-founded upGrad has begun the process of acquiring Unacademy after signing a term sheet for an all-stock transaction. The companies said the deal would be executed through a share swap, though they declined to disclose the valuation until…...
Former Peak XV leaders launch Ambition Capital, aim to support 30 startups: Report
1+ day, 4+ hour ago (230+ words) A group of former executives from venture capital firm Peak XV Partners are preparing to launch a new investment firm, Ambition Capital, with plans to raise $250 million to back early-stage startups in India. According to the ET report, the Bengaluru-based…...
Indian startups raised over $181 million from March 09 to March 14, 2026; Mozark tops the list
1+ day, 21+ hour ago (158+ words) A diverse range of sectors attracted investments during the Between March 09 and March 14, 2026, as many as 21 Indian startups from diverse sectors raised over $181 billion in funding from investors. Last week, Indian startups raised over $84 million, with Rozana raising $31.34 million alone....
'This is not a goodbye': Indian-origin Shantanu Narayen to step down as Adobe CEO after 18 years
3+ day, 5+ hour ago (438+ words) Indian-origin Shantanu Narayen said he wll step down as CEO of Adobe after leading the company for 18 years. The US-based technology company said Narayen will remain CEO until a successor is appointed and will continue to serve as chair of…...