Semicon startup Netrasemi raises Rs 107 Crore in Series A round from Zoho Corporation & Unicorn India Ventures to build advanced Edge-AI SoCs

Mumbai/Chennai/Thiruvanthapuram, 24th July 2025, Kerala-based Semiconductor startup Netrasemi has raised Rs 107 crore in Series A round from Zoho Corporations Ltd & Unicorn India Ventures. Funds raised will be used for accelerating research and development initiatives, expand manufacturing capabilities, enhance marketing efforts to capture larger domestic and global

Daily Indian Funding Roundup & Key News - 23 July 2025: Kluisz.ai Raises $9.6M, ED Probes Myntra Over ₹1,654 Cr FDI Violation & More

From Kluisz.ai securing $9.6 million in a standout AI seed round to the Enforcement Directorate filing a FEMA case against Myntra over alleged FDI violations worth INR 1,654 crore, the day saw notable developments across tech, retail, and fintech. On the funding side, Gupshup, iTuring.ai, and

Delhi Govt Extends EV Policy Till March 2026 to Boost Green Mobility

Since the new policy's draft would be subject to public input, which is anticipated to take time, the Delhi government has reportedly prolonged the present electric vehicle regulation until March 31, 2026, or until a revised version is announced. According to a PTI report, the decision was made

Coffee Mechanics Debuts Immersive Café in Bengaluru, Blending Design, Ritual, and 180 Years of Heritage

The brand unveils a rooted yet modern space designed to foster community, connection, and slow mornings—staying true to its experience-first approach Drawing on 180 years of family-run coffee estate heritage, Coffee Mechanics—Bengaluru’s cherished homegrown brand—proudly unveils its flagship, experience-led outlet in Bellandur. More than just a

Myntra Under ED Investigation for Alleged INR 1,654 Crore FEMA Breach

For suspected violations of the Foreign Direct Investment (FDI) regulations of INR 1,654.35 crore, the Enforcement Directorate (ED) has filed a complaint against Myntra, an Indian fashion e-commerce company, as well as its affiliated businesses and directors. According to the probe agency's statement, the case was

TCS Assures No Offer Withdrawals Amid Onboarding Delay Uproar

The largest IT services provider in India, Tata Consultancy Services (TCS), has stated that it is still dedicated to onboarding all experts who have been offered positions, despite several reports that experienced hires in various cities have been facing extended delays in their joining dates. TCS can confirm that, as

Veranda Learning Raises ₹357 Crore in First-Ever QIP from Top Institutional Investors to Deleverage Balance Sheet and Accelerate Growth

Veranda Learning Solutions Limited (BSE: 543514 | NSE: VERANDA), a listed education company offering end-to-end learning solutions across the education value chain, has successfully completed its first-ever Qualified Institutional Placement (QIP), raising INR 357.42 crores through the issuance of 1,58,71,173 equity shares of face value INR 10

PayPal Integrates UPI via 'PayPal World', Easing Global Payments for Indian Users

In order to facilitate easy cross-border money transfers and international payments, global payments company PayPal unveiled on July 23 ‘PayPal World’, an interoperability platform that links India's Unified Payments Interface (UPI) with some of the biggest digital wallets worldwide. How UPI Integration Benefits Indian Users? The initiative'

Kluisz.ai Raises $9.6 Million Seed Funding Led by RTP Global to Build AI-Driven Cloud for Enterprises

Deep-tech startup backed by RTP Global, Unicorn India Ventures, and Blume Founders Fund to build GenAI-powered cloud stack; hiring to scale across engineering and go-to-market functions. Kluisz.ai, a deep tech, GenAI-powered cloud startup, today announced a $9.6 million seed round led by RTP Global, a global early-stage VC.

Trump Secures Historic $550B Trade Deal With Japan: Big Boost for US Auto, Agriculture Sectors

According to President Donald Trump, Japan, one of the US's biggest trading partners, has agreed to a "massive" trade agreement with the US. According to Trump's social media post, the idea would result in Japan investing $550 billion (£407 billion) in America and US

PhonePe & SBI Launch Co-Branded Credit Card With Up to 10% Rewards, Lounge Access & UPI Integration

To reward consumers for their everyday spending, SBI Card and PhonePe have launched a co-branded credit card. There are two varieties of the PhonePe SBI Card: SELECT BLACK and PURPLE. SELECT BLACK vs PURPLE: What's the Difference? When making purchases using the PhonePe app, customers who use the

Daily Indian Funding Roundup & Key News - 22 July 2025: Escape Plan Raises $5M, Milky Mist Files ₹2,035 Cr IPO & More

From Milky Mist filing for an INR 2,035 crore IPO to Paytm turning profitable this quarter, the day was filled with major updates across sectors. On the funding front, Escape Plan secured fresh capital to scale its offline and quick-commerce model. Here's your quick roundup of the

ChatGPT Handles 2.5 Billion Daily Prompts: Transforming Student Learning and Research!

With 2.5 billion prompts every day—330 million of which come from the US alone—ChatGPT is transforming education. Students are quickly switching from traditional search engines to AI-driven explanations for homework, essays, and comprehending hard subjects. With features like an AI-powered web browser, OpenAI is improving ChatGPT to

Costco Enters India with 1000 Jobs, Opens Tech Hub in Hyderabad

Two sources familiar with the plans have informed Reuters that Costco Wholesale Corp., a US retailer, will establish its inaugural technology centre in Hyderabad, India. According to insiders, the Global Capability Centre (GCC) will hire 1,000 individuals at first and grow as it manages technology and research operations and

RBI Proposes Stricter Digital Banking Rules to Curb Cyber Fraud & Boost Customer Safety

To make digital banking safer for all users, the Reserve Bank of India (RBI) has released a draft of new regulations. Internet banking, mobile banking, and any other online services provided by banks are covered by the new regulations. The new regulations require banks to provide consumers with clear options,

Figma Targets $16.4B Valuation in NYSE IPO, Aims to Boost Tech IPO Market

As it prepares for an IPO on the New York Stock Exchange, Figma is looking for a fully diluted valuation of up to $16.4 billion, a move that could boost the tech IPO market, which is currently recovering, according to a Reuters story. According to a statement made on

Zomato’s Eternal Launches Blinkit Foods to Power Bistro’s 10-Minute Meal Delivery

The well-known foodtech company Eternal (previously Zomato) is establishing Blinkit Foods Limited as a new wholly owned subsidiary. "Blinkit Foods will be involved in the business food services, including innovation, preparation, sourcing, sale, and customer delivery of food," the company stated in an exchange filing.  The proposed authorised

Foxconn’s Telangana Plant Faces Rare Earth Shortage, Apple AirPods Production Impacted

According to persons with knowledge of the situation, Foxconn's Telangana facility has been unable to produce Apple AirPods because of a dysprosium scarcity brought on by China's crackdown on the export of rare earth metals. A little over forty-five kilometres from Hyderabad lies the Foxconn Interconnect

Escape Plan Raises $5 Million from Jungle Ventures and Fireside Ventures to Build a Category-Defining Platform for Modern Indian Travellers

Escape Plan, a Bengaluru-based lifestyle startup, has raised $5 million in seed funding led by Jungle Ventures via First Cheque@Jungle and Fireside Ventures. Founded by Abhinav Pathak, previously founder of Perpule (acquired by Amazon in 2021) and Abhinav Zutshi, a veteran of Indian retail with experience at Big Bazaar,

Daily Indian Funding Roundup & Key News - 21 July 2025: Hudle Raises $2.5M, Reliance Launches Ajio Rush & More

From Reliance jumping into the fashion quick commerce race to CoinDCX announcing a massive crypto bounty programme, the day was packed with movement. On the funding front, Hudle, EduFund, and others attracted fresh capital. Here's your quick roundup of the top funding deals and key business news in

Jane Street Returns to Indian Markets After SEBI Ban, Escrow Deposit of INR 4,800 Cr

After being accused by the market watchdog of manipulating index prices to increase profits at the expense of small investors, Jane Street, a US-based trading firm, found itself at the focus of a regulatory maelstrom in India. SEBI Accuses Jane Street of Index Price Manipulation The company was temporarily prohibited

India’s First Green Hydrogen Plant to be Built by L&T at IOC Panipat Refinery

According to a July 21 business filing, Larsen & Toubro subsidiary L&T Energy GreenTech would establish India's first green hydrogen facility at Indian Oil's Panipat refinery in Haryana on a build-own-operate basis. 25-Year Deal to Supply 10,000 Tonnes Annually to IOC An important

Zero-Day Exploit Hits Microsoft SharePoint: FBI, Microsoft Warn Users to Patch Immediately

Microsoft has warned of "active attacks" against server software used by businesses and government agencies to share internal documents. Users were instructed by the IT giant to install the recommended security fixes right away. FBI, Microsoft Confirm Coordinated Attacks Although it could not provide any additional details, the