Browsing: Industry Updates

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

The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal deficit. This follows other buyback actions by the RBI. These actions are part of a larger strategy.

The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal deficit. This follows other buyback actions by the RBI. These actions are part of a larger strategy.

Belong, a fintech platform dedicated to Non-Resident Indians (NRIs), has raised $5 million in seed funding led by Elevation Capital. The startup plans to expand its product offerings and operations, starting from the UAE and moving into markets like Saudi Arabia, Qatar, the UK, and the US. Leveraging GIFT City’s regulatory framework, Belong aims to simplify cross-border banking and investment for NRIs with products such as US dollar-denominated fixed deposits, equity, insurance, and international cards.

CIMware, a Bengaluru-based data centre infrastructure startup, has secured $2.3 million in its first funding round led by Transition VC. The company will use the capital to develop a networking smart switch, expand its software team, and cover operational costs.

The funds raised from the consumer-focussed fund will be used for scaling up and expanding farm operations across India, as well as accelerating its technology rollouts. This takes the total amount of funds raised by the agritech startup to around $15 million since its inception. Eeki’s technology enables the farm’s climate to be controlled, allowing vegetables to be grown all year without being affected by seasonal variations.

Regtech startup Zango AI has raised $4.8 million in a round led by Nexus Venture Partners to expand teams in Bengaluru and London and develop AI-native compliance tools. Founded in 2024, Zango uses regulation-specific LLMs to automate compliance tasks, serving clients like Novobanco, Monzo, and Juni.