Ventures
Startups and venture capital: funding rounds, launches, results, deals and founders, from India, the US, China and beyond.
Pine Labs Q2 profit jumps 6.5x to ₹39 Cr as revenue grows 24% to ₹806 Cr
The NSE-listed payments firm grew sales faster than costs in the September quarter of FY27.

QwikBuild raises $2.3 Mn pre-seed led by Globalway, plans Japan JV
The Bengaluru enterprise AI startup will use the money to build a US team and expand in Southeast Asia.

Troovy raises ₹100 Cr Series B led by Fireside Ventures
The Gurugram kids' food brand has closed its third round in about 17 months, with Fireside backing it again.

Advent International raises $30 billion across funds; flagship GPE XI beats $26 billion target
The private equity firm's flagship fund reached nearly $27 billion, and a new mid-market strategy has drawn more than $3 billion.

MakeMyTrip swings to $1.8 million net profit in Q2 FY27 from a $5.7 million loss
The Nasdaq-listed travel company grew revenue 2.5% in dollar terms, as a weaker rupee weighed on reported numbers.

Nova Spectral AI raises ₹21.15 Cr seed round led by Shastra VC for Indian SWIR chips
The Bengaluru deeptech startup wants to build lead-free infrared image sensors in India at a far lower cost than imported ones.

Live2.ai raises ₹130 Cr in pre-Series B round led by IvyCap Ventures
The Bengaluru AI social commerce startup says its revenue grew fourfold in a year, with most of it earned outside India.

Matiks raises $10 million Pre-Series A led by General Catalyst
The Bengaluru-based mind-games startup will use the money to expand abroad and build an AI-powered no-code game creation platform.

Pathos AI raises $237 million Series E led by Bristol Myers Squibb at about $3 billion value
The New York drug developer will use the money to grow its Foundry AI platform and move its clinical assets forward.

Pronto founder Anjali Sardana launches US physical AI venture Provision Labs
The new company will gather real-world data to train AI for robots, and it has backing from four named investors.

SpaceX locks in about $40 billion GPU lease with Apollo-managed entity
The binding commitment covers Nvidia Vera Rubin chips and related equipment, with Apollo and Goldman Sachs leading the financing.

Unacademy founders raise ₹700 Cr Longshot Capital fund for AI and deeptech startups
Gaurav Munjal and Roman Saini have lined up about ₹250-300 Cr so far and target a first close in January 2027.

BioStack raises $9.5 million seed round led by Peak XV and others
The healthcare data startup, founded in 2025, will use the money for international expansion, technology development and hiring across engineering and research.

Ather Energy turns profit in Q2 FY27: ₹1.26 Cr vs ₹154.07 Cr loss
The EV scooter maker grew revenue 63% and is adding factory capacity at Hosur and AURIC.

Nazara swings to ₹35 crore net profit in Q2 FY27 as revenue rises 53% to ₹803 crore
The Mumbai-based gaming company reported a profit against a year-ago loss, led by strong growth in its gaming business.

Eric Schmidt’s 1% Anthropic stake could lift his net worth to nearly $80 billion at IPO
The former Google CEO backed Anthropic early, and a $2 trillion listing could add about a third to his wealth.

Essar Ports wins ₹2,276 crore Tuna Tekra cargo terminal at Kandla
Deendayal Port Authority has issued a Letter of Award to Essar Ports for a multipurpose cargo terminal in Gujarat under a PPP model.

Zerodha opens US stock and ETF investing on Kite, from $1
Eligible Indian investors can now buy US-listed shares and ETFs on Kite through GIFT City, with fees and limits to note.

Premji Invest, Norwest, Lok Capital plan ₹1,000 Cr for Vegafin
The AI-led MSME lender will also buy a majority stake in Gurugram-based NBFC Bizloan.

The Pant Project raises ₹109 Cr Series B to grow offline stores
In a round led by Mirae Asset Venture Investments (India), the menswear brand plans to go from 25 stores to over 150.
