Browsing: funding

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.

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.

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.

Meesho, which completed its domicile shift from the US to India last week, will file its draft IPO prospectus under Sebi’s confidential route, the documents show. Investors Elevation Capital, Peak XV Partners and Prosus are among the largest institutional shareholders in Meesho, owning 13-15% stake each. Japanese investor SoftBank owns close to 10% stake in the etailer focused on value retailing at lower price points.