Browsing: Industry Updates

India’s youngest airline Akasa on tuesday said it has completed funding transaction of about Rs 1,200 crore from new investors including Premji Invest, asset management firm 360 ONeAsset, and investment office of Ranjan Pal.

Dr. Reema Bali, CEO and Partner at Alpha Partners, delivered a comprehensive and effective Prevention of Sexual Harassment (POSH) awareness program at the Learning Centre of Numaligarh Refinery Limited (NRL) in Assam.

Internet of Things (IoT) communications startup Comminent currently focuses on the smart metering segment, and plans to expand into large-scale deployments such as smart street lighting and water metering, founder Amarjeet Kumar told ET. It is targeting revenue of around Rs 300 crore over the next three years.

The fund intends to invest in pre-seed and seed rounds of 18 to 20 startups that are developing critical technologies locally, a strategy it refers to as creating a sovereign edge. The investments are planned to be deployed over four years, with individual amounts ranging from Rs 7 crore to Rs 10 crore, while reserving 50% of the total capital for follow-on funding.

Bengaluru-based Neuralzome Cybernetic raises $2.4M pre-seed funding to scale its Robot-as-a-Service platform, aiming to make autonomous robotics accessible across sectors like agriculture and manufacturing.

“This funding from Elevation Capital and General Catalyst will allow us to build mega factories and enhance our technology while continuing to deliver exceptional value to our global customers,” said Vishal R. Sanghavi, founder and CEO, Jeh Aerospace.

Existing investor Xponentia Capital also participated in the funding round. The new round of fundraise should be enough for the company to grow for the next 12-18 months without the need for a fresh equity round, said Yogi Sadana, founder of Zype.

In the 18 months since its seed round, the company has grown to over 100 engineers and technicians, delivered more than 100,000 flight-critical components, and secured $100 million in long-term contracts with aerospace firms.

Shares of Paisalo Digital gained over 1.5% intraday on Tuesday after the LIC-backed small-cap NBFC announced plans to raise ₹50 crore via non-convertible debentures (NCDs). The move comes amid broader market softness and follows a significant correction in the stock over the past year.

The IIT Bombay-incubated and Palo Alto-headquartered startup claims to be building an autonomous AI layer for cyber-risk management and to be the first to offer fully autonomous CTEM and TPRM solutions