Karnataka floats tender for Rs 135 crore Mangaluru tech park that’ll create 11,000 jobs
Karnataka State Electronics Development Corporation (KEONICS) has recently floated the tender for the project, which will follow a Design, Build, Finance, Operate and Transfer (DBFOT) model.
Fertility startup Pluro raises Rs 125 crore in Series A round led by Bessemer, valuing the firm at Rs 1,000 crore
The latest funding round valued the startup at Rs 1,000 crore and saw participation from prominent angel investors including Vikram Chatwal (MediAssist), Dharmil Sheth and Hardik Dedhia (PharmEasy), and Salil Musale (Astarc Ventures).
Sauce VC nears close of $80 million in new fund to deepen consumer play
The fundraise comes at a time when venture capital firms have been on a fundraising spree, Moneycontrol had reported earlier.
Snapmint raises $125 mn from General Atlantic, Kae Capital, and others
The Mumbai-based fintech will use the fresh capital to scale its EMI-on-UPI offering and grow its merchant network across India.
India’s market regulator is one of the most progressive in the world: Groww’s Lalit Keshre on recent F&O curbs
Groww announced the IPO price band of Rs 95 to Rs 100, which values the company at around Rs 62,500 crore ($7.1 billion)
MC Interview: No trade-offs for short-term gains: Groww CEO Lalit Keshre on IPO and long-term focus
Groww co-founder and CEO Lalit Keshre says the company won’t trade long-term focus for short-term gains. Groww’s philosophy, he insists, remains unchanged — “time in the market matters more than timing the market.”
Razorpay Curlec, NPCI International partner to enable UPI payments in Malaysia
Over one million Indian tourists had visited Malaysia in 2024, spending over Rs 11,000 crore, underscoring the potential for UPI to simplify payments, reduce foreign exchange cost and improve merchant acceptance.
IntrCity SmartBus raises Rs 250 crore in Series D round led by A91 Partners
The firm plans to use the funds for fleet expansion, tech upgrades, and Tier-2/3 city coverage.
Swiggy to consider raising Rs 10,000 crore on Nov 7 via QIP amid increasing competitive intensity in quick commerce
The proposed Rs 10,000-crore QIP comes as rivals Zepto and Blinkit expand aggressively and new entrants like Reliance and Flipkart intensify competition in quick commerce.
Jupiter Money raises Rs 115 crore in fresh funding from existing investors and founder
The Bengaluru-based fintech has more than doubled its revenue in FY25, and plans to achieve operational breakeven within two years.
Madras HC calling crypto a ‘property’ is good for the ecosystem, says WazirX founder Nischal Shetty
WazirX has restarted its exchange less than a week ago after a major cyberattack in 2024, with trading volumes having crossed $22 million so far.
25-year-old IIT-BHU alumnus launches emotive voice AI Luna; Kunal Shah, WTFund place early bets
Developed by Jaipur-based startup Pixa AI, Luna claims to enable real-time, speech-to-speech expressive voice interaction and aims to power entertainment and wellness apps.
General Atlantic pumps $600 mn into PhonePe ahead of IPO
The latest round, aimed at helping employees meet ESOP-related tax obligations, doubles General Atlantic’s stake to 9% as PhonePe gears up for a $1.35 billion public listing.
IPO-bound Groww enables captive algo trading with 'Groww Cloud'
Even as SEBI has been curbing derivatives trading to protect retail investors, the segment is key to the broking industry in revenue
Snabbit raises $30 million in Series C funding led by Bertelsmann at $180 million valuation
This is Snabbit’s third fundraise in nine months, taking its total capital raised to $55 million. Snabbit currently operates in five cities — including Mumbai, Bengaluru and Gurugram — and plans to expand to the top 10 metros within the next two quarters.
Ixigo reports loss of Rs 3.5 crore in September quarter of FY26, revenue at Rs 282.7 crore
Aloke Bajpai, Group CEO, ixigo said that the recent fund raise provides the balance sheet required to fulfil their long term aspiration of delivering the best AI-first customer experience for travel and fuels their expansion into new categories and markets.
PB Fintech Q2 net profit jumps 164% to Rs 135 cr, revenue rises 38%
Sequentially, the firm reported a 20% growth in revenue while PAT improved by almost 59%.
SBI Mutual Fund invests Rs 100 crore in Lenskart at $7.7 billion valuation ahead of IPO
The move follows RK Damani’s Rs 90-crore pre-IPO investment; Moneycontrol was the first to report on SBI MF’s planned investment earlier this month.
Blume Ventures raises $175 million in first close of Fund V, targets $275 million by 2026
The Bengaluru-based VC firm has already begun deploying capital from the fund, with investments in Mave Health and Confido (healthtech), Lucira and Ozi (consumer), PowerUp Money (fintech), and iDO (deeptech).
[Deeptech Digest] This startup quietly secured an airbase; its encryption now guards railways, laptops and more
Bengaluru-based deeptech startup Pantherun Technologies cracked a decades-old encryption flaw using an AI-based system that requires no key exchange. From shielding airbases and railways to partnering with majors like Intel, the Qualcomm-mentored startup is rewriting how data moves and stays secure.
Zerodha to roll out Fixed Deposits on Coin app soon; ties up with Blostem
The Bengaluru-based discount broker’s idea behind FDs is to offer fixed-income products along with low-risk long-term investment products on the Coin platform
Zetwerk files lawsuit against its former exec’s new firm Ayr Energy in Texas court
Zetwerk estimate losing nearly $77 million in potential orders and allege that Ayr’s revenues from the disputed business could exceed $250 million.
iD Fresh profit rises 5x to about Rs 26 crore in FY25; revenue up 22% to Rs 681 crore
The company expanded distribution and ramped up capacity across India and Gulf markets; operating leverage helped improve margins despite higher input costs.
MC Interview: 'Karnataka unfazed by Andhra in Quantum race; Bengaluru gives us edge,' says Minister NS Boseraju
NS Boseraju, Karnataka Minister of Science & Technology and Minor Irrigation, says Phase I of Quantum City (6.1 acres) will be India’s first single-stop quantum hub, hosting hardware manufacturing (FabLine), shared R&D labs, a secure quantum cloud, and incubation for startups.
