BERTELSMANN
German companies plan to double, triple growth in India over 3-5 years: Piyush Goyal
German companies are planning significant growth in India over the next three to five years. Piyush Goyal emphasized partnerships in technology co-creation and skill development for Indian youth. During his visit to Germany, he met with various industry leaders to discuss investment opportunities. There is a focus on expanding German manufacturing and research capabilities in India. Promising sectors for collaboration include electronics, automobiles, and smart manufacturing.
German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal
German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities in research and development are attracting substantial German investment and workforce expansion.
Union Minister Piyush Goyal interacts with Indian diaspora in Germany, lauds contribution to 'Karmabhoomi'
Union Minister of Commerce and Industry Piyush Goyal held an insightful interaction with members of the Indian diaspora in Germany, lauding their invaluable contributions to their adopted homeland while calling upon them to actively participate in India's rapid economic growth journey.
Healthtech startup Curebay raises Rs 100 crore funding led by IvyCap Ventures
The company will use the fresh capital to expand its footprint, strengthen its technology and artificial intelligence (AI) capabilities, and enter new markets, including Andhra Pradesh, Priyadarshi Mohapatra, cofounder and CEO Curebay, told ET.
Snabbit reports net loss of Rs 168 crore, revenue of Rs 12 crore in FY26
Backed by investors including Nexus Venture Partners, Elevation Capital and Lightspeed, the Bengaluru-based company started operations in August 2024, making FY26 its first full year of operations.
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ETtech Deals Digest: Boldfit, GreenCell lead as weekly funding hits $232 million, down 45% on-year
Boldfit led deal activity with $41.5 million, followed by GreenCell Mobility at $34.5 million, Inner Sky Labs at $30.9 million, and Scimplify at $25 million. Accel was among the most active investors, backing Scimplify, Origin, and CosmoChute. Elevation Capital invested in Mesa School of Business and Spill Games, while Pantera Capital backed Fission Labs.
Speciality chemicals startup Scimplify raises $25 million to expand US operations
The Bengaluru-based company plans to invest around $10 million over the next two years in the US, where it is looking to expand its presence in the market for advanced materials, which are used in semiconductors, batteries and critical minerals.
Ayurveda-focused D2C startup Nat Habit raises Rs 142 crore Led by Trident Growth Partners
The round saw participation from Physis Capital and Hero Family Office including existing investors Bertelsmann India Investments, Mirabilis Investment Trust and Sharrp Ventures. The round comprised primary capital.
Nat Habit secures Rs 142 cr funding to fuel expansion; eyes 60-70% revenue growth in FY27
Nat Habit has secured Rs 142 crore in Series C funding led by Trident Growth Partners. The investment aims to enhance its product offerings and improve distribution channels in retail and quick commerce. The company plans to increase production capacity significantly over the next two years to meet rising demand. Additionally, Nat Habit will explore new product segments like body wash and hair colour.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
Value commerce startup CityMall in talks to raise Rs 400-500 crore led by Jungle Ventures: Sources
CityMall’s push into ecommerce in smaller towns and cities comes at a time when larger 10-minute delivery players such as Flipkart Minutes and Amazon Now are also expanding their presence in tier-II markets and beyond. CityMall is currently present in 18 markets across Uttar Pradesh, Bihar, Delhi-NCR, and Haryana.
As private wallets begin to open, India's big future bet takes off
India’s Rs 1 lakh crore RDI programme is beginning to unlock venture capital flows into deeptech, marking a shift in the country’s attempt to move from being a large technology consumer to a technology producer.
Mid-tier VCs scout deeptech deals; ETSA winner Varaha’s India play
Happy Monday! Sector-agnostic mid-tier venture capital investors are recaliberating focus on India's deeptech startups. This and more in today’s ETtech Morning Dispatch.
Mid-tier VCs rewrite playbooks to chase India's deeptech bets
So far in calendar year (CY) 2026, deeptech startups have attracted $574 million across 61 deals, which is almost 84% of the $679 million raised across 94 transactions, according to Venture Intelligence data shared with ET. The CY26 data includes large rounds, like satellite imaging startup Pixxel’s $100 million funding and Skyroot’s $60 million, which made it India’s first spacetech unicorn.
ETtech Deals Digest: Pixxel, Nua lift weekly tech funding to $312 million, up 13% on-year
Late-stage deals accounted for 68.6% of the capital raised during the week, while early-stage rounds made up 28.3%. Seed-stage companies comprised 3.2% of the funding.
MDR on UPI coming soon; India's new class of robot workers
Happy Friday! With a fee on UPI set to come into the picture soon, issuing banks are poised to claim the biggest slice. This and more in today’s ETtech Morning Dispatch.
How Ather powered past Ola; Apple's first foldable iPhone
Ather Energy has surpassed Ola Electric in sales and other metrics. This and more in today’s ETtech Top 5.
Swish raises $24 million funding, bets on repeat orders to scale up 10-minute food delivery
Swish, a 10-minute food delivery startup, has raised $24 million to expand its kitchen network and supply chain. The two-year-old company has crossed one million monthly orders, with 70–75% of revenue coming from repeat users. It operates 250 stock-keeping units (SKUs) across 20 categories in 50 pincodes.
Layoffs at Uber; Astrobase eyes fresh fundraise
Uber will cut thousands of jobs in a restructuring move. This and more in today’s ETtech Top 5.
Rapid food delivery startup Swish to raise $20-25 million led by Bertelsmann India: Sources
The transaction, which is also likely to see participation from Swish’s existing investors, is expected to value the two-year-old company at around $200 million, one of the persons said. Swish had last raised $38 million in March at a valuation of $120 million. The round was led by Bain Capital Ventures, with participation from existing investor Accel.
India’s in-demand economic weapon can turn a global crisis into opportunity
India is expanding its network of labour agreements with countries around the world to connect Indian workers with job opportunities abroad. The push comes as ageing populations and shrinking workforces drive demand for talent across several countries. These agreements can facilitate the movement of workers while boosting remittance inflows to India. Ensuring the recognition of qualifications and portability of social security benefits will remain crucial to making these partnerships effective.
Penguin issues clarification on reports it dropped Sonia Gandhi’s memoir ‘Belonging’
Penguin Random House India clarified it is not publishing Sonia Gandhi's memoir 'Belonging' in India. Reports claimed the publisher withdrew from releasing the book after editorial changes were rejected. The publisher stated it remains keen to publish the memoir, which details Gandhi's life journey. Fact-checking and editorial suggestions are a normal part of the publishing process. The memoir's release date in India and its publisher remain uncertain.
ET Startup Awards 2026: Nominees for Woman Ahead
This award recognises women entrepreneurs who have built their own ventures and are competing with the best in the industry. To qualify, nominees must be serving as CEOs of their startups, unless the company does not have a CEO-designated role.
Shiprocket soars 48% on debut, erases valuation cut
Shiprocket shares debuted on Wednesday at a notable premium compared to their IPO price. The e-commerce logistics firm experienced a robust closing surge on the Bombay Stock Exchange. This impressive market entry effectively reversed a previous decline in valuation prior to its public listing. Early backer Bertelsmann benefited greatly, witnessing a remarkable increase in their stake. Investors enthusiastically oversubscribed the company's initial public offering.
ET Startup Awards 2026: Nominees for Social Enterprise
With this category, we intend to recognise the startup that best embodies the ‘double bottomline’ model, one that combines profits with the public good.
Shiprocket shares surge on debut; wipes away IPO valuation haircut
Shiprocket shares surged 48% on debut, ending at Rs 143.50 on the BSE, taking its market capitalisation to Rs 10,441 crore. The strong listing boosted returns for early investors including Bertelsmann and Eternal, while Lightrock is set to incur a loss. Shiprocket’s FY26 revenue rose 24% to Rs 2,024 crore.
Klydo founder Pradeep Yadav joins Snabbit as head of operations
Former Udaan and Flipkart executive Pradeep Yadav has joined instant domestic help startup Snabbit as head of operations. He will lead operations, strengthen execution and build scalable systems as Snabbit expands into beauty services and home cooks. Yadav succeeds Vikas Choudhary, who will lead new business and innovation initiatives.
VC fund Bertelsmann takes majority stake in logistics firm Lets Transport
Bertelsmann, which owns publisher Penguin Random House and is also active in services and education, has held a stake in Lets Transport since late 2018. The logistics company was founded in 2015 and connects truck drivers with corporate clients across India.
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