Climate focused non-banking financial company Ecofy has secured $15 million in debt funding from Mirova, as it looks to expand financing for clean energy and sustainable solutions across India. The latest infusion follows a ₹380.5 crore ($42 million) Series B equity round co-led by British International Investment and Finnfund in March this year, as well as a ₹90 crore investment from FMO in January 2024, reflecting sustained investor interest in climate finance. Ecofy said the fresh debt capital will be deployed towards onward lending, particularly for residential and commercial rooftop solar installations, along with electric mobility solutions, as demand for…
Author: Adarsh Kumar
Quick commerce startup Apna Mart has laid off around 10% of its workforce, marking its first reported job cuts, as part of a broader restructuring exercise linked to AI adoption and a shift in its operational base from Bengaluru to Gurugram. The layoffs impacted approximately 35–40 employees across functions, with the company indicating that some roles became redundant due to AI-led automation, while others were affected as relocation to Gurugram was not feasible. As part of the transition, Apna Mart has moved its product and technology teams to Gurugram, while operational teams will continue to function from cities where the…
AI-native enterprise automation company EvoluteIQ has announced two key global leadership appointments following its $53 million investment from Baird Capital. The company has appointed Paul Maguire as Chief Growth Officer and Abhinaya S R as Chief Human Resources Officer, strengthening its leadership team as it accelerates global expansion in the fast growing Agentic AI and enterprise automation market. The appointments also reinforce India’s strategic importance in EvoluteIQ’s global operations. Bengaluru serves as the company’s major innovation and R&D hub, housing core engineering teams behind EvoluteIQ’s proprietary Agentic Mesh Architecture (aMa). India Positioned as the Core Innovation Engine Sameet Gupte, CEO…
SaaS firm Capillary Technologies reported a strong performance in Q4 FY26, with revenue rising 26% year-on-year to ₹191 crore, while net profit surged over fourfold to ₹43 crore, aided by a one-time exceptional gain. The company’s revenue from operations increased from ₹152 crore in Q4 FY25, driven largely by its subscription led business model. Subscription income contributed ₹171 crore, accounting for nearly 90% of total operating revenue, while installation and campaign services added ₹20 crore. Including ₹6.7 crore in non-operating income, total income for the quarter stood at ₹198 crore. Founded in 2008 by Aneesh Reddy, Krishna Mehra, and Ajay…
Outcome based AI-native software delivery startup AI Library has raised $560,000 in a pre-seed funding round at a valuation cap of $7.5 million, as it looks to accelerate the adoption of AI-driven software execution across enterprises. The company said the fresh capital will be deployed towards product development, R&D, and market expansion, with a focus on scaling its agent led software delivery platform across functions such as finance, operations, sales, and customer support. Founded in November 2023 by Arani Chaudhuri, AI Library is building AI-powered “autopilots” for software delivery, enabling organisations to move beyond experimentation with AI towards measurable business…
Quick commerce startup BazaarNow is set to raise around ₹72.3 crore (~$7.8 million) in its Series A funding round led by Peak XV Partners, as it looks to scale operations in India’s fast growing instant delivery market. According to regulatory filings, the company’s board has approved the issuance of 8,123 compulsorily convertible preference shares (CCPS) at a price of ₹88,851.94 each to raise the planned capital. Peak XV Partners will lead the round with an investment of ₹53.92 crore, while existing backers Whiteboard Capital and Antler will contribute ₹7.2 crore and ₹7 crore respectively. Additional participation is expected from Nirman…
The National Company Law Appellate Tribunal (NCLAT) has set aside a ₹301.6 crore penalty imposed on Grasim Industries by the Competition Commission of India (CCI), directing the regulator to conduct a fresh hearing in the case related to alleged abuse of dominance in the viscose staple fibre (VSF) market. The tribunal observed that the CCI had failed to provide Grasim an adequate opportunity to present its arguments, particularly after it differed from the findings of its investigative arm, the Director General (DG). It noted that in situations where the Commission disagrees with the DG’s conclusions, the affected party must be…
Fabless semiconductor startup BigEndian Semiconductors has raised $6 million in a pre-Series A funding round led by IAN Alpha Fund, with participation from existing investors Vertex Ventures SEA and India, IvyCap Ventures, and strategic angel investors. The round comes less than a year after the company raised $3 million in seed funding in August 2024, signalling continued investor confidence in its deep-tech ambitions. The fresh capital will be used to commercialise its first system-on-chip (SoC), scale product engineering, and strengthen partnerships across foundries, IP ecosystems, and OEMs. This marks a critical step as the company transitions from design to real…
Nasdaq listed SaaS firm Freshworks has laid off around 500 employees, or nearly 11% of its global workforce, as it restructures operations amid the growing adoption of artificial intelligence across the software industry. The layoffs, which will impact teams globally, are expected to result in one-time restructuring costs of approximately $8 million. As of December 31, 2025, the company had around 4,500 employees. CEO Dennis Woodside said the decision was partly driven by the company’s increasing reliance on AI in product development and internal workflows. According to him, more than half of Freshworks’ code is now generated using AI tools,…
The real estate sector has long been dominated by fragmented experiences, delayed decision making, and heavy reliance on brokers. Emerging platforms have attempted to digitise the journey, but most still operate as lead generators rather than true end-to-end solutions. Dooritt is positioning itself differently by building a complete, technology driven real estate experience powered by artificial intelligence, virtual reality, and augmented reality. At the core of Dooritt’s proposition is its ability to compress the property discovery cycle dramatically. What traditionally takes three to six months researching builders, comparing properties, and evaluating localities can now be achieved in about a week…