Chennai-based deep-tech manufacturing startup Entellus Industries has raised ₹50 crore (around $5.5 million) in its second funding round, led by ZeroW, as it looks to scale up domestic production of critical rare earth materials. The latest capital infusion follows Entellus’ earlier $12 million fundraise from Social Capital, which was used to establish manufacturing facilities for neodymium praseodymium (NdPr) metal and bonded powder alloys. Use of Proceeds Entellus said the fresh funding will be deployed primarily towards capital expenditure, including: Following the expansion, the company expects to enable production capacity of around 2,000 tonnes of permanent magnets annually. Business and Technology…
Author: Adarsh Kumar
Healthians founder Deepak Sahni has stepped down from the company after nearly a decade, marking the end of his formal executive role at the Gurugram-based health-tech startup. In a LinkedIn post, Sahni said he had transitioned from Founder and CEO to Executive Chairman in November 2023, and over the past year helped onboard and stabilise Healthians’ first fully professional management team. He added that he has now stepped away from all executive responsibilities and will continue only as a shareholder. “For me, Healthians has never been just a company. It has been a mission,” Sahni said, noting that the firm…
Early-stage venture capital firm Navam Capital has announced the final close of its maiden fund, Navam Venture Fund-I (NVF-I), at over ₹315 crore (around $35 million) after exercising its green shoe option. The fund was initially launched with a target corpus of ₹250 crore under the Category II Alternative Investment Fund (AIF) structure. With strong investor interest, Navam Capital upsized the fund at final close, the firm said in a statement. Investment Focus and Portfolio NVF-I is an India-focused fund targeting intellectual-property-led deep technology startups that are built in India but cater to global markets. The fund plans to invest…
Clean label food and nutrition startup The Whole Truth, backed by Peak XV Partners, reported strong topline growth in FY25, with operating revenue rising more than threefold, even as losses increased due to higher input and marketing expenses. According to financial statements for the year ended March 2025, The Whole Truth’s revenue from operations jumped 232% to ₹216 crore, compared with ₹65 crore in FY24. Including other income, total income stood at ₹220 crore, up from ₹71 crore a year earlier. Founded as a clean-label nutrition brand, the company sells products such as protein bars, peanut butter, dark chocolate, energy…
Legal-tech startup SpotDraft has raised $8 million from Qualcomm Ventures as part of a Series B extension, the company said. The latest infusion comes nearly a year after SpotDraft raised $54 million in its Series B round in February 2025, and follows a $26 million Series A raise in March 2023, underscoring sustained investor interest in its enterprise-focused contract management platform. Use of Funds SpotDraft said the fresh capital will be deployed to: Business and Technology Focus Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft offers an AI-powered contract lifecycle management (CLM) platform built for enterprise use cases where data…
Single-specialty interventional pain management clinic chain Nivaan Care has raised $7 million in a Series A funding round led by Sorin Investments, with participation from existing investors W Health Ventures, Endiya Partners and Rebright Partners. The round comes just months after the company raised $4.25 million in seed funding in February 2025, led by Endiya Partners, underscoring strong investor confidence in its focused healthcare delivery model. Use of Capital Nivaan Care said the fresh capital will be used to: Business Model and Presence Founded in 2023, New Delhi-based Nivaan Care operates single-specialty clinics focused on chronic pain conditions such as…
Amid global trade volatility and rising protectionism, JSW Steel is doubling down on India’s domestic demand story with one of the largest capital expenditure plans in the sector. JSW Steel will invest over ₹2 trillion by FY31, as the company expands capacity, deepens downstream integration and bets on sustained growth in domestic steel consumption, according to Jayant Acharya, Joint Managing Director and CEO. Speaking in an audio interview, Acharya said the investment programme is anchored around capacity expansion, mining assets, digital initiatives and green steel projects, even as global steel markets remain volatile. Q4 outlook: Prices recovering after multi-year lows…
Mumbai-based private lender Kotak Mahindra Bank reported a steady performance in the December quarter, supported by loan growth and improving asset quality, even as margins remained under pressure. Kotak Mahindra Bank on Saturday reported a 5% year-on-year rise in consolidated net profit to ₹4,924 crore for the third quarter ended December 2025 (Q3 FY26). On a sequential basis, profit increased 10%. On a standalone basis, the bank’s net profit grew 4% YoY to ₹3,446 crore, aided by stable net interest income and controlled credit costs. Core Income Growth Remains Modest Net Interest Income (NII) rose 5% YoY to ₹7,565 crore,…
UltraTech Cement, India’s largest cement maker, reported a 27% year-on-year rise in consolidated net profit to ₹1,729.44 crore for the quarter ended December 2025 (Q3 FY26), aided by higher volumes and operational efficiencies. The Aditya Birla Group flagship had posted a profit of ₹1,363.44 crore in the corresponding quarter last year, according to a regulatory filing. Revenue, volumes see sharp uptick Revenue from operations increased 22.8% YoY to ₹21,829.68 crore in Q3 FY26, compared with ₹17,778.83 crore in the year-ago period. Including other income, total consolidated income stood at ₹21,965.26 crore. Sales volumes rose 15% to 33.85 million tonnes (MT)…
Artificial intelligence (AI) has the potential to add $550 billion to India’s gross domestic product by 2035 at a nominal level, according to an economic modelling study by PwC India. The projected gains are expected to come primarily from five sectors agriculture, education, energy, healthcare and manufacturing. The report highlights agriculture as one of the biggest beneficiaries of AI adoption. The sector employs nearly half of India’s workforce and contributes about 18% to the country’s GDP. PwC estimates that the use of AI-driven technologies in agriculture could generate up to $154 billion in additional value by 2035. The study notes…