VENTURE
Delhi HC seeks BCCI response on copyright infringement petition by Delhi Press Patra Prakashan
The Delhi High Court has sought a response from the BCCI and others regarding a copyright infringement petition filed by Delhi Press, publishers of Champak magazine. The petition contests the use of the name 'Champak' for a robotic dog in the IPL, alleging trademark infringement.
Cast AI secures $108 million funding to expand cloud automation
The oversubscribed round, which also saw participation from existing investors such as Aglae Ventures, valued the company at $850 million, a person familiar with the matter said.
Health food brand Anveshan raises Rs 48 crore from Wipro Consumer Care Ventures, others
Health food brand Anveshan has raised Rs 48 crore in a round led by Wipro Consumer Care Ventures. The Gurugram-based startup will use the funds to expand manufacturing, strengthen its supply chain, and boost branding. Founded in 2020, Anveshan offers traditionally made, minimally processed foods and targets Rs 500 crore in future revenue.
Dixon Technologies forms joint venture with Inventec to enhance IT hardware manufacturing in India
Dixon Technologies partners with Inventec, a Taiwan-based ODM, to form Dixon IT Devices Private Ltd. Dixon will hold 60% stake in the joint venture, which aims to manufacture notebook PCs, servers, desktops, and PC components in India. This collaboration seeks to leverage Inventec's design capabilities and access to global markets, aligning with India's electronic component manufacturing scheme.
UNO Minda, JV boards approve project report for EV power train products
UNO Minda Ltd and Suzhou lnovance Automotive have approved a Rs 423 crore project to develop and manufacture high-voltage EV power train products through their joint venture. UNO Minda's board has also approved a Rs 114 crore investment for a 70% stake in the JV, which will focus on components for four-wheeler passenger and commercial electric vehicles.
Voice-first AI tutor Stimuler raises $3.75 million from Lightspeed, SWC Global
M Venture Partners, Rebright, Force Ventures, and GradCapital participated in the funding round. The funds will be used to scale Stimuler’s in-house AI infrastructure, expand its technical team, and boost user acquisition.
TiEcon 2025: Unveiling the themes of Silicon Valley’s premier AI event
The upcoming TiEcon event in Silicon Valley, California, scheduled from April 30-May 2, features 11 industry tracks that dive deep into the use cases and impact of AI across industries. Here’s a detailed look.
Indian gaming companies enter big league with rising monetisation, global acquisitions
India’s gaming industry is shifting beyond real money gaming as monetisation picks up in midcore and casual segments. Global investors and local firms are targeting Indian gaming IPs and talent. AI is easing development, though monetisation challenges persist. Despite limited VC funding, the sector is drawing rising global attention and activity.
Identity security startup Veza raises $108 million in round led by New Enterprise Associates
New investors Atlassian Ventures, Workday Ventures, and Snowflake Ventures, along with all existing investors, Accel, Google Ventures, True Ventures, Norwest, Ballistic Ventures, J P Morgan, and Blackstone Innovations Investments, participated. The funds will be used for Veza’s global go-to-market expansion and advancing product development.
Solar-focussed NBFC Metafin raises $10 million in round led by Vertex Ventures SEA & India
Existing investors Prime Venture Partners and Varanium Capital participated in the Series A round, along with Northern Arc and AU Small Finance Bank. The funds will be used to deepen its presence in existing markets, expand into new states, and strengthen its tech, credit, and service infrastructure.
Thanks to Trump, Chinese firms are warming up to India
Chinese companies are now more open to diluting stakes in favour of Indian entities due to Trump's tariffs. Reliance Industries is a key contender for a stake in Haier India. Shanghai Highly Group has revived talks with Tata-owned Voltas for a joint venture. India may limit Chinese companies to a 10% equity investment in electronics joint ventures.
Trump-backed crypto venture partners with Pakistan Crypto Council to boost blockchain adoption
Pakistan Crypto Council and World Liberty Financial signed key agreements to boost crypto investment and innovation in Pakistan. Supported by top officials, the partnership aims to advance blockchain, stablecoins, and decentralised finance. The move positions Pakistan as a rising player in digital finance, ahead of expected crypto legalisation policies.
ProcMart just levelled up: This Noida start-up expands empire with latest packaging facility grab
The recent acquisition of a corrugated box manufacturing facility in Aurangabad will be Procmart’s first owned production facility for packaging.
Scoop: Peak XV out to raise $1.2 billion fund, its first since Sequoia split
Peak XV’s $2.85 billion eighth fund under Sequoia Capital was announced in 2022 – for investing in venture, growth and Southeast Asia. Of the total pool, $2 billion was earmarked for India investments, while the remaining was for Southeast Asia. In 2024, the VC firm downsized this fund by 16% with the bulk of the reduction coming in its growth-stage allocation.
Prestige Hotel Ventures files DRHP with Sebi for Rs 2,700 crore IPO; details here
Prestige Hotel Ventures has filed DRHP with SEBI for its IPO, which comprises a Rs 1,700 crore fresh issue and Rs 1,000 crore offer for sale by promoter, Prestige Estates. Proceeds will fund debt repayment, acquisitions, and general purposes. The company owns luxury hospitality assets across India and operates 1,445 keys, with revenue growing at a 103.73% CAGR between FY22 and FY24.
Prestige Hospitality Ventures files draft papers for Rs 2,700 crore IPO
Prestige Hospitality Ventures plans to launch an IPO. The company aims to raise Rs 2,700 crore. It filed documents with SEBI. The IPO includes fresh equity and an offer for sale. Funds will support new assets and debt reduction. Prestige seeks to expand its hospitality portfolio. The company currently operates seven hotels.
Bhartiya Urban ventures into GCC space with Bhartiya Converge
Bhartiya Urban has introduced Bhartiya Converge, a GCC enablement platform, to streamline operations for global corporations in India. This integrated suite aims to enhance agility, efficiency, and scalable growth by addressing infrastructure, talent, and business operations.
SAMHI Hotels shares shoot up 13% on Rs 2,200 cr JV with GIC
SAMHI Hotels surged 13% after announcing a Rs 2,200 crore joint venture with GIC to invest in upscale hotel assets. The partnership begins with five key properties in Bengaluru and Pune. Funds will be used for expansion and debt reduction, with SAMHI continuing operational control and strategic growth execution.
Cantor teams up with Tether, Softbank for $3.6 billion crypto venture
Cantor Fitzgerald, Tether, and SoftBank are launching a $3.6 billion crypto venture, Twenty One Capital, to acquire bitcoin, anticipating increased interest under President Trump. Tether and Bitfinex will hold majority ownership, while SoftBank will have a minority stake. Twenty One aims to replicate Strategy's success and will trade on the Nasdaq under the symbol "XXI".
Load More
