News Digest
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NVIDIA invests $2B in CoreWeave, targets 5 GW AI data centre capacity by 2030
NVIDIA’s $2 billion investment in CoreWeave highlights a wider industry shift toward capital-backed AI infrastructure partnerships, as major tech firms secure long-term compute capacity.
Indian AI-powered CLM platform SpotDraft raises $8 million from Qualcomm Ventures
SpotDraft, an AI-powered contract lifecycle management (CLM) platform, has raised $8 million from Qualcomm Ventures in an extended Series B funding round. The investment follows SpotDraft’s $56 million Series B raise in February 2025. Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft combines intuitive workflows, business-friendly design, and AI-powered contract intelligence to help legal teams reduce turnaround times, scale operations, and demonstrate measurable business impact. The startup will use the raised capital to to deepen its product and AI capabilities and expand its enterprise presence across the Americas, EMEA, and India, and the relationship extends beyond capital. “This investment validates the architectural direction we've taken with SpotDraft,” said Shashank Bijapur, Co-founder and CEO, SpotDraft. “Legal teams handle some of the most sensitive business information, yet most AI tools still require sending that data to external cloud models. We've developed the...
Marico shares gain after latest acquisition, ahead of Q3 results
The acquisition is expected to be completed within 30 days, as per a regulatory filing. Marico will also have the right to acquire the remaining stake in Zea Maize after three years from the execution date of the agreement.
ISN Exclusive: Athleisure D2C startup Cava Athleisure begins talks to raise Rs 35 crore in funding
D2C brands are creating a rage. The ones gaining popularity on social media platforms like Instagram and more are especially in focus. Cava, an athleisure brand for women and men, is in talks to raise Rs 35 crore from Marico’s family office – Sharrp Ventures – and others in a fresh funding round, sources privy to internal developments informed IndianStartupNews (ISN). This will be its largest and latest round after some infusion in January 2024. The company has previously raised around Rs 8-10 crore from Spring Marketing Capital and others. Cava and Sharrp Ventures chose not to reply to ISN’s queries. The brand, started by sisters at the age of 20 and 18 years, Ria and Shreya Mittal found comfort in daily workouts, and frustration in the lack of premium, functional athleisure in India. That gap became their spark. Backed by their family's 30+ years of garment expertise, they built Cava - a brand that blends comfort, confidence, and performance seamlessly with style and function, as ...
PropEquity, Cambridge University Join Hands To Create India's First Dedicated Real Estate School
Beyond teaching, the collaboration will also focus on cutting-edge research, including the development of AI-led predictive models for the real estate industry.
Marico to acquire 4700BC parent Zea Maisie from PVR INOX for ₹227 crore
PVR INOX has entered into definitive agreements for the transfer of the said equity shares to Marico Ltd, the Board said
PhonePe files updated IPO papers; Walmart, Tiger Global, Microsoft to sell shares
The offering is structured entirely as an offer for sale, with no fresh capital being raised by the company. The IPO comprises up to 5.06 crore equity shares being sold by existing shareholders, according to the filing.
Senco Gold To Buy 68% Stake In Melorra's Parent AJPL For Rs 68 Crore; Check Details
The acquisition value is more than twice AJPL's turnover of around Rs 33 crore in FY25.
PhonePe Files Updated DRHP: Walmart To Cut Stake Via IPO, Microsoft & Tiger Global To Exit
Walmart, which currently owns about 72% of PhonePe, will offload about 46 million shares in the IPO.
Escape Plan raises $25M Series A to expand offline footprint
Escape Plan is doubling down on mass-market affordability in travel gear, building a distribution-led platform and scaling physical retail across metros and Tier II cities as it looks to deepen access, widen price points, and consolidate the fragmented luggage category.
Shayona Engineering IPO: Check GMP, price band, subscription and other details
Shayona Engineering's IPO opens for subscription on Thursday. The company enters the SME primary market with a flat grey market premium. This suggests muted expectations for immediate listing gains. The IPO aims to raise Rs 14.86 crore through a fresh issue of shares. Investors will watch for execution capabilities and margin sustainability.
Hannah Joseph Hospital IPO opens for subscription. GMP among key details to know
Hannah Joseph Hospital's Rs 42 crore IPO opens Thursday with a flat grey market premium, indicating cautious investor sentiment. The issue, priced between Rs 67 and Rs 70, aims to raise funds for expansion, including a radiation oncology center. The hospital, operating in Madurai since 2011, reported steady financial growth.
Armour Security IPO shares to list today. Check GMP ahead of debut
Armour Security India is poised for its NSE SME debut with muted grey market sentiment, showing a 0% premium. The Rs 26.51 crore IPO, fully a fresh issue, saw modest subscription of 1.82 times. The private security and facility management firm, serving diverse sectors nationwide, plans to utilize IPO funds for working capital, equipment, and debt repayment.
Cabinet approves Rs 5,000cr equity infusion for Sidbi
The Union cabinet has approved Rs 5,000 crore in equity support for Sidbi to boost credit flow to small businesses. This infusion, spread over three years, aims to enable Sidbi to offer competitive loans to MSMEs. The initiative is projected to create 1.1 crore jobs and add 25.7 lakh new MSME beneficiaries by 2027-28.
Payoneer gets in-principle nod from RBI to operate as cross-border payment aggregator
Payoneer India gets Reserve Bank of India nod as payment aggregator-cross border, enabling import and export transactions. CEO Rohit Kulkarni highlights global reach and regulatory presence.
Senco Gold acquires 68% stake in August Jewellery for ₹68 crore
Senco Gold Ltd's board approved a ₹68 crore investment to acquire 68% stake in August Jewellery Private Limited (AJPL), owner of the Melorra brand. AJPL, incorporated in 2015, operates 21 stores across India and specialises in fast-fashion lightweight jewellery. The acquisition aims to strengthen Senco’s digital and omnichannel strategy, create synergies, and enhance innovation and customer experience.
For Real raises Rs 3.2 crore from Titan Capital to build online factory outlet marketplace
For Real, an online factory outlet marketplace redefining branded value shopping in India, has raised Rs 3.2 crore in a pre-Seed funding round from Titan Capital. The startup will use the fresh capital to build and scale its technology platform and drive early user adoption. Founded by Anurag Sheth and Mohit Sheth, For Real is building a dedicated online factory outlet marketplace that separates liquidation from primary commerce. The platform enables brands to liquidate excess inventory in a predictable and transparent manner, without impacting their core sales channels. For consumers, it offers a discovery-led value shopping experience focused on branded products rather than random discount-led browsing. “We have backed Anurag and Mohit because they have a clear understanding of a real and persistent problem brands face with excess inventory. They are building a structured, tech-led off-price marketplace with a strong focus on brand integrity, rather than short-term liquidation. As...
L&T bets $1 bn on inhouse forte to face Tata, Adani, Reliance in AI data centres
Larsen and Toubro Ltd believes end-to-end ownership will allow it to offer some of the cheapest services to clients, even as demand for data centres accelerates alongside the global push into artificial intelligence.
Biocon raises stake in Biocon Biologics to 98% after completing $200 million share buyout
Biocon has completed the acquisition of the remaining equity shares of its unlisted subsidiary Biocon Biologics from Mylan Inc for $200 million, taking its total stake in Biocon Biologics to about 98% on a fully diluted basis.
L&T Vyoma breaks ground for 40 MW green, AI-ready data centre in Navi Mumbai
The Navi Mumbai facility is designed to support build-to-suit, enterprise and NeoCloud workloads, offering high-density computing for AI and mission-critical applications
Embedded lending technology platform Intellend raises $1.2 million from Incubate Fund Asia
Intellend Technologies Advisors, a fully digital and embedded lending technology platform focused on bridging India’s MSME credit gap, has raised $1.2 million (Rs 10.6 crore) in a seed funding round. The round was led by Incubate Fund Asia, with participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari. Intellend will use the funds to strengthen the team, build on the product roadmap, and execute on the envisioned GTM strategy. Founded in May 2025 by Brotish Das (CEO), Som Chatterjee (COO), and Bodhisattwa Gupta (CBO), Intellend is building a full-stack “lending-as-a-service” platform designed for digital merchant ecosystems. The startup enables seamless, embedded credit access for underserved MSMEs using advanced data analytics, AI-driven underwriting, and technology-led risk assessment. It partners with digital merchant ecosystems and financial institutions to offer affordable loans at the point of need in a risk-balanced manner. Intellend will use ...
Amid Gig Worker Debate, Zepto’s Aadit Palicha Meets Labour Minister
Quick commerce startup Zepto’s CEO and cofounder Aadit Palicha met Union labour minister Mansukh Mandaviya amid the ongoing debate around…
436 Under-40 entrepreneurs, $950 billion in business: Inside Hurun’s Uth Series
Avendus Wealth and Hurun India list 436 under-40 entrepreneurs like Nikhil Kamath, Ritesh Agarwal, Ghazal Alagh, shaping India’s economy with a net worth over $950 billion.
How to build a startup from scratch with limited capital in India
Want to build a startup in India without spending your savings? Here's how to do it with limited capital, using clever strategies and a little bit of hustle.