Annapurna Finance Private Limited has secured a USD 100 million through syndicated multi-currency term loan facility, along with a USD 50 million greenshoe option. The facility, denominated in USD and JPY, marks a significant step in enhancing Annapurna Finance’s access to new currencies and international lenders, the facility structured
New measures announced with President Emmanuel Macron's trip to India this week are anticipated to deliver new deals for French companies. On 18 February, French car parts maker Valeo outlined intentions to grow its sales in India. Valeo announced plans to spend over 200 million euros ($237 million)
A hundred billion dollars will be spent by the Adani Group to construct data centers in India that are AI-ready and powered by renewable energy by the year 2035. It is thus one of the biggest integrated energy-and-compute commitments in the world. The national data center capacity of the conglomerate
On February 18th, MakeMyTrip announced a partnership with OpenAI to improve AI-led trip discovery and collect searches with high intent. As part of the partnership, MakeMyTrip will integrate additional AI capabilities into its app by leveraging OpenAI's APIs. By integrating with the company's generative AI planning
IAN Alpha Fund, the 2nd in the series of IAN Group’s VC funds, along with Speciale Invest, has co-led a ₹70 crore Series A funding round in Peptris, a Bengaluru-based AI-powered drug discovery company. The round also saw participation from Tenacity Ventures, BYT Ventures, and other investors. The investment
Fabless Semiconductor startup Vervesemi has raised $10 million in a series A round led by ace market investor Ashish Kacholia and Unicorn India Ventures. The round also saw participation from Roots Ventures, Caperize Fina and MAIQ Growth Scheme. Funds raised will be deployed in 3 key strategic areas. The Company
On February 17th, the food delivery firm announced that it has deepened its strategic partnership with OpenAI in order to boost its AI capabilities company-wide. A number of its partner platforms and internal systems, including Zomato, Blinkit, District, and Hyperpure, will be improved by the AI. The partnership will centre
Exponent Energy, a Bengaluru-based energy-tech company, announced a 360-degree fintech and asset management business venture, Exponent One, aimed at addressing a key barrier to scaling commercial EV adoption: access to viable financing. Financing and mobility veteran Sandeep Divakaran will helm the new venture as Co-founder and CEO. Exponent Energy has
Navikenz, an enterprise AI and data transformation company founded by Anjan Lahiri and Samit Deb, has raised USD 7.5 million in a Seed equity funding round. The round was led by Sekar PRC (former CEO, Hexaware), Sudip Nandy (former CEO, Aricent), along with Anjan Lahiri and Samit Deb, with
India’s startup ecosystem continued to see steady capital inflows across AI, deeptech, career access, consumer brands, and recruitment tech. From Shark Tank India-backed consumer plays to multi-million dollar AI rounds, today’s funding activity highlights strong investor appetite across early and growth stages. Here’s your detailed roundup. Daily
On Tuesday, 17 February 2026, gold and silver prices in India closed lower as profit-booking intensified and global cues turned subdued. Both metals experienced downward pressure from a firmer U.S. dollar and thin trading volumes amid holiday closures in major Asian markets, leading to a risk-off environment for bullion.
With the introduction of its subsidiary 'Exponent One,' the electric vehicle quick-charging startup Exponent Energy has entered the electric vehicle financing area. Now it will provide funding options to commercial EV operators. Venture capital firm AdvantEdge has invested $2 million (about INR 18.2 crore) in Exponent Inc.
Artociti, India’s leading mass-premium luxury 3D wall art and manufacturing brand, has raised ₹1 crore for a 7.5% equity stake at a valuation of ₹13.33 crore on Shark Tank India. The funding comes from renowned investors Namita Thapar, Executive Director of Emcure Pharmaceuticals, and Vineeta Singh, Co-founder
Over a hundred positions have been eliminated at Sony Pictures Networks India (SPNI) due to a reorganisation. Approximately 10% of its employees might be impacted, according to media sources. In a challenging advertising climate, layoffs are part of a larger effort to rationalise costs. According to the sources, the layoffs
Shekhar Natarajan, Founder and CEO of Orchestro.AI, explains how the misuse of facial recognition software impacts legal narratives in this opinion piece.
Sanofi, a French pharmaceutical giant, will increase its long-term presence in India by adding more than 4,500 jobs to its workforce at its global capabilities center (GCC) in Hyderabad. There are more than 2,600 people working at the centre right now. A "multi-hundred-million" investment will fund
Equirus InnovateX Fund (EIF), the early-stage venture arm of Equirus Group, today announced the final close of its maiden B2B tech fund at ₹166 crore. The fund’s first close was announced in February 2024. EIF backs seed and pre-series A companies building in Deep Tech, SaaS and Fintech -
Pune-based EdTech startup Beep, has raised 850K USD in a Pre- Series A funding round to accelerate its mission of building an AI-driven career ecosystem for students and early career professionals. The round saw participation from Knowhere Ventures LLC, Pacific Global Solutions Limited and LeadAngels FLV, along with individual investors
India’s startup ecosystem saw significant action on 16 Feb 2026, featuring multi-million and billion-dollar funding rounds across AI, semiconductors, wealthtech and accelerator platforms. Gen-AI infrastructure player Neysa emerged as a unicorn after a Blackstone-led $1.2 billion funding, while C2i Semiconductors secured $15 million Series A for AI-centric power
A new phase of cooperation in artificial intelligence (AI) has begun between TCS and AMD, a US-based chipmaker. In an effort to compete with Nvidia, the two companies have joined up to set up rack-scale data centre infrastructure in India. On February 16th, the AI Impact Summit began in New
On Monday, 16 February 2026, precious metals in India closed with both gold and silver easing from recent levels, with silver sliding sharply while gold ended modestly lower. At the close of domestic trading, bullion faced downward pressure amid profit-booking and firm dollar dynamics, with silver exhibiting greater weakness than
- Sam Altman called Peter Steinberger "a genius" in the announcement post on 'X.' - Peter Steinberger will be part of OpenAI's future core products. - The goal is to strengthen OpenAI's AI agents and multi-agent systems.
Bengaluru is now home to Anthropic's newest office. India is becoming an increasingly important player in the global AI competition, as the country has become the second-largest market for its AI assistant, Claude. According to the business, approximately half of Claude's usage in India is for