VENTURE
Volkswagen's China EV venture has no new models planned for next two years, sources say
The launch of Volkswagen's ID. UNYX series in China has resulted in lackluster sales for its electric vehicle joint venture. With no new models planned for 2027 or 2028, consumer interest is dwindling. As the market in China contracts, Volkswagen finds itself in a tough position. They are strategizing to streamline operations and potentially roll out fresh models to regain their competitive edge in this evolving landscape.
Energy infra startups see bigger cheques as investors bet on sovereign play
Bengaluru-based Enerzolve, which makes smart meters, power conversion systems and energy storage systems, is in talks to raise $20 million from existing investors Jungle Ventures and Kae Capital as well as Schneider Electric, people aware of the matter told ET. That’s nearly four times the $5 million it raised in a January round.
AI training startup Mercor valued at $20 billion in latest funding round
Mercor said on Tuesday it had raised $750 million in a funding round that valued the AI training startup at $20 billion. The Series D round drew participation from Benchmark, Felicis, Fundomo, Nvidia and funds managed by affiliates of Apollo, among others.
Israeli AI security startup Bay raises $50 million
Bay says it addresses a primary barrier to AI adoption by "allowing autonomous agents to perform business-critical work safely while enterprises retain control and accountability at scale".
NMDC in talks with Russia's Rosatom over lithium investments, sources say
Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in lithium projects. These discussions are part of India's strategy to secure supplies for battery and EV industries. NMDC aims to enhance its global mineral diversification strategy and has formed a team for due diligence. The Indian government is investing in domestic processing of critical minerals to reduce import dependence.
Rs 4 lakh per month from 400 sqft room: Nagpur couple grows Rs 6 lakh per kilo saffron without soil with 80% profit margin
This Nagpur couple earns over Rs 4 lakh per month from 400 sqft room. A Nagpur couple, Akshay Holey and Divya Lohakare Holey, has turned a 400-square-foot room into a saffron cultivation unit using aeroponic technology. By growing the expensive spice without soil, they have built a business generating annual revenue of Rs 40-50 lakh. Their saffron sells for around Rs 6.3 lakh per kg. After investing Rs 55 lakh, the couple targets to achieve Rs 1.3 crore earnings over in 5 years.
- Go To Page 1
Inside Rs 77,000 cr plan rewiring India’s tech DNA forever
The initiative is already delivering results, with 38 facilities in active production plugging domestic gaps and 16 units progressing through machinery setup. Small and medium enterprises drive half of these ventures.
Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief
The announcement comes just over a week after Binance said hackers stole cryptocurrency in a sophisticated attack that began months earlier with the compromise of several employees' computers.
ETtech Deals Digest: Eloelo leads as weekly funding rises to $142 million, down 35% on-year
Eloelo led deal activity with $80 million, followed by Peppermint Robotics at $10.6 million, altM at $10.3 million, Two Point O Capital at $10 million, and PowerUp Money at $10 million. Crane Venture Partners was among the most active investors, backing Peppermint Robotics and Armatrix. Omnivore invested in altM and Two Point O Capital, while Flourish Ventures backed PowerUp Money.
Who are Sassie Duggleby and Andrew Duggleby? Houston couple behind America's first rotating detonation rocket engine raised $91 million; what is their Mach 4 jet dream?
Venus Aerospace was founded in 2020 by husband-and-wife team Sassie Duggleby and Andrew Duggleby. They established the company with an ambitious idea. It was to develop a new propulsion system that could make extremely fast passenger aircraft commercially viable. They spent several years working on the technical challenge on making the engine withstand the extreme heat generated by rotating detonation.
DLF to invest Rs 3,750 crore for majority stake in JV with Everstone for IREO assets
DLF plans to invest Rs 3,750 crore to obtain a majority stake in a partnership with EverstoneGroup. The joint venture will focus on IREO Private Limited and other entities within the IREO group in India. It aims to acquire at least a 20% stake in the IREO India companies to secure governance rights. This transaction remains subject to regulatory approvals and is expected to conclude by 2027.
Daksham Growth Ventures raises Rs 125 cr in first close of maiden consumer fund
Daksham Growth Ventures has completed the first close of its consumer-focused fund, raising approximately Rs 125 crore. The fund is registered as a Category II Alternative Investment Fund and targets a total corpus of Rs 150 crore. It aims to invest between Rs 5-20 crore in early-growth businesses including direct-to-consumer and B2B2C companies. The fund will support companies with governance, brand positioning, and distribution expansion.
Groww shares decline 7% after Rs 3,708 crore block deal involving 2.8% equity
Shares of Groww parent Billionbrains Garage Ventures fell on Friday after a block deal involving 17.42 crore shares, or 2.8% of the company's equity, worth around Rs 3,708 crore was executed at an average price of Rs 215 apiece. The buyers and sellers were not immediately identified. The decline followed a sharp rally in the previous session, when the stock touched Rs 225.75, and may indicate profit-booking.
ING puts $500 million of data center loans up for sale
This includes a $25 million loan tied to a large New Mexico data center that forms part of the Stargate artificial intelligence infrastructure venture backed by OpenAI, SoftBank Group and Oracle, the report said.
Ronaldo retires from international football, but his CR7 brand reaches far beyond the game: Inside his business empire of hotels, hair clinics, YouTube and more
Ronaldo retirement: As Cristiano Ronaldo prepares to end his 23-year international career with Portugal, his business interests stretch far beyond football. From six hotels and 13 hair-restoration centres to fashion, fitness and a YouTube channel that gained 10 million subscribers in 12 hours, here's a look at the ventures carrying his name.
Sequoia Capital restructures operations after raising $10 billion, shuts London office
In a bold move, Sequoia Capital is undergoing a major restructuring by shutting down its London office and disbanding the Arc accelerator and Scouts programs. These changes come amid a leadership shift and a focus on selective investing. With approximately $10 billion raised in new funds, Sequoia is committed to backing European founders, albeit from its Bay Area hub.
Nykaa shares in focus as Nomura, Jefferies hike target prices after strong Q2 earnings. Should you buy despite valuation concerns?
Nykaa reported a 207% year-on-year surge in Q2 FY27 net profit to Rs 101 crore, driven by 28% revenue growth and improved margins. Strong performance prompted Nomura and Jefferies to raise target prices while retaining Buy ratings. Motilal Oswal maintained Neutral, citing expensive valuations despite robust growth prospects.
Ripik.ai in talks to raise Rs 150 crore from Gaja Capital
The startup deploys its hardware and software systems at large manufacturing and industrial units, including cement and steel plants, using cameras, sensors and proprietary AI models to monitor equipment, materials and production processes. It counts Accel and Venture Highway (now merged with General Catalyst) among its existing investors.
Nykaa Q2 profit more than triples, operating revenue grows 28%
The platform’s gross merchandise value (GMV) grew 30% YoY to Rs 6,151 crore in the September quarter. The beauty and personal care business reported a 25% expansion to Rs 4,454 crore and the fashion segment recorded a 42% increase to Rs 1,674 crore.
Keystone Realtors Q2 profit jumps 10-fold to Rs 101 cr
Keystone Realtors has announced a ten-fold increase in consolidated net profit for the quarter ended September. The net profit rose to Rs 100.75 crore, attributed to significant profit share from joint ventures. Total income for the quarter, however, saw a decline from the previous year. The company's pre-sales reached record levels, reflecting strong demand for luxury housing projects.
Peppermint Robotics raises Rs 100 crore led by pi Ventures, Crane Venture Partners
The company was founded in 2019 by Runal Dahiwade, and has raised Rs 150 crore to date. It also develops autonomous robots for material transportation and operates in nine countries. The US is its largest market, followed by India and western Europe, Dahiwade, who’s also the CEO, told ET.
Nykaa Q2 Results: PAT soars 207% YoY to Rs 101 crore, revenue up 28%; co to acquire 82% stake in Simply Nam
Nykaa reported a 207% year-on-year profit surge to Rs 101 crore in Q2FY27, with revenue rising 28% to Rs 3,006 crore. Beauty and fashion businesses accelerated growth, while quick commerce, owned brands and strategic acquisitions strengthened expansion.
Chip startup Agrani Labs looks to raise $108 million from Peak XV, Google, Samsung
Peak XV Partners is leading the round and is expected to contribute more than half of the total funding. Google, HCL Tech, Samsung Ventures and Stargazer, an investment firm set up by Groww's founders, are also expected to participate, the people cited above said.
Two Trades for Today: A capital markets stock for 6.75% gain, a large-cap commodities platform for a rise of 7%
Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today.
Adam Robinson did not believe in Silicon Valley rules. He built successful business without Venture Capital money before death in a Florida plane crash
In a heartbreaking tragedy, technology entrepreneur Adam Robinson and his family lost their lives in a plane crash in Florida. The incident involved a Learjet en route to the Bahamas, carrying nine individuals, near Mar-a-Lago. Co-founder of Robly and creator of GetEmails, Robinson achieved remarkable success in email marketing without the aid of venture capital, leaving behind a profound legacy in the industry.
Coders out, VCs in: Investors bet billions on AI-first services
The AI-native services firms’ promise of high margins and rapid growth with fewer people has attracted the interest of VC firms. If Distyl AI raised $175 million at a $1.8 billion valuation a year ago, Wonderful raised $550 million at a $5 billion valuation in September.
Wealthtech firm PowerUp Money raises $10 million led by Flourish Ventures
PowerUp Money was founded in 2024 by Jindal, who had previously cofounded Uni Cards. It offers mutual fund advisory services to retail investors, at time when the Indian mutual fund industry is seeing record SIP inflows. The company has more than 1.5 million customers tracking portfolios worth over Rs 2.5 lakh crore on its platform.
Fireside Ventures cofounder and partner Vinay Singh to exit firm
“Cobuilding Fireside gave me the opportunity to shape the firm from its early days and work alongside exceptional founders and teams,” Singh said. “As AI reshapes commerce faster than most of us expected, I want to spend more time exploring the frontiers of agentic commerce and its implications for the future of consumption.”
IndiGo to consider hedging fuel as it ventures on long haul routes
IndiGo is evaluating the possibility of hedging fuel costs as it plans for long-haul international operations. The airline's planned introduction of the Airbus A350 aircraft will enhance its overseas expansion strategy. Despite previously avoiding fuel hedging, management is now reassessing this approach in light of market competition. IndiGo's dominant position in the domestic aviation market facilitates its long-term growth aspirations.
Load More
