India’s market regulator Sebi has accused a Bank of America (BofA) entity of breaching insider trading regulations and internal information-barrier norms in connection with a $180 million share sale of Aditya Birla Sun Life Asset Management (ABSL AMC) in 2024. According to a regulatory notice, Sebi’s investigation examined the role of BofA’s domestic securities unit in handling the block deal executed in March 2024. The regulator found that the bank’s deal team was in possession of unpublished price-sensitive information while engaging, either directly or indirectly, with potential investors ahead of the public disclosure. Sebi noted that the conduct pointed to…
Author: Adarsh Kumar
Premium haircare brand &Done has secured $3 million (around Rs 25 crore) in a Series A funding round led by RTP Global, valuing the company at a post-money valuation of approximately Rs 125 crore. The round also saw participation from All In Capital, Suashish, and angel investors including Kitty Agarwal, along with Titan Capital founders Kunal Bahl and Rohit Bansal. The Gurugram-based startup had earlier raised Rs 6 crore in a pre-seed round led by All In Capital in December last year. According to the company, the fresh capital will be deployed to strengthen research and product development, expand its…
AI services firm Aivar has raised $4.6 million in a seed funding round led by Sorin Investments, with participation from Bessemer Venture Partners, as the company looks to scale its operations across India, the United States and the Middle East. The fresh capital will be used to accelerate Aivar’s global expansion, deepen investments in proprietary AI accelerators, strengthen senior leadership, and build scalable delivery capabilities to serve large enterprise clients, the company said. Founded in 2024 by former Amazon Web Services (AWS) colleagues Kousik Rajendran, Praveen Jayakumar, Ashwin Ram Ravichandran and Aadharsh Ayappan, Aivar positions itself as an AI-first services…
Mumbai-based skincare startup Be Clinical has raised Rs 6 crore in a seed funding round led by V3 Ventures, with participation from Titan Capital, founded by Kunal Bahl and Rohit Bansal, which has increased its exposure to the brand. The funding follows an earlier Rs 2 crore investment in the same round led by Titan Capital, with participation from P-TAL founder Aditya Agarwal. With the latest infusion, Be Clinical is strengthening its capital base to scale research-driven product development. According to the company, the fresh proceeds will be deployed towards expanding in-house research and development capabilities, conducting clinical trials, and…
Info Edge (India), the parent company of Naukri and 99acres, reported a 12% year-on-year increase in standalone revenue to Rs 747 crore for the third quarter of FY26, according to a regulatory filing with the National Stock Exchange (NSE). The company had posted Rs 668 crore in revenue during the same quarter last year. For the first nine months of FY26, standalone revenue stood at Rs 2,120 crore, compared with Rs 1,897 crore in the corresponding period of the previous financial year, reflecting steady growth across its core digital platforms. The Recruitment Solutions segment, led by flagship job portal Naukri,…
IPO-bound digital healthcare platform Practo has expanded its global footprint with the launch of its care navigation platform in the US, following an early rollout in the UAE earlier this year. The company said the US market has quickly emerged as a key growth driver, helping Practo achieve an annualised gross merchandise value (GMV) run rate of $75 million. According to the company, Practo has onboarded more than 200,000 doctors across multiple specialties in the US and now serves over one million users on the platform. Since launch, traffic from the region has increased nearly six-fold, with monthly active users…
Climate-focused deeptech startup Ecozen is set to raise Rs 95 crore (around $10.7 million) in debt funding from Momentum Capedge Limited, marking its third debt raise in the last 12 months as it scales operations amid strong financial performance. According to regulatory filings with the Registrar of Companies (RoC), Ecozen’s board has approved the issuance of 950 Series E non-convertible debentures (NCDs) at a face value of Rs 10 lakh each. The proposed fundraising includes a green shoe option of up to Rs 25 crore, taking the potential total beyond the base amount. The debentures carry an interest rate of…
Indore-based agri technology and export-focused firm Auri Grow India Ltd has launched an AI-powered carbon credit platform, CarbonKrishi, targeting large-scale farmer onboarding and participation in global carbon markets. The company said the platform aims to onboard around 1 lakh farmers, with the potential to generate Rs 16–50 crore worth of carbon credits annually, depending on verification outcomes and prevailing international carbon prices. CarbonKrishi uses a technology-driven approach that combines AI analytics, satellite imagery, crop and soil data, and structured digital reporting systems to estimate farm-level carbon impact. The platform is designed to quantify emission reductions achieved through sustainable and climate-positive…
Udaipur-based dermaceutical skincare brand SkinInspired has raised $2.9 million (around Rs 24 crore) in a Series A funding round led by Spring Marketing Capital, as it looks to scale product innovation and deepen its presence in India’s fast-growing clinical skincare market. The round also saw participation from Lotus Herbals’ Beauty Innovation Fund and Arihant Patni of Patni Financial Advisors. Existing backer Unilever Ventures returned to invest in the company, reaffirming confidence in SkinInspired’s science-led approach and early traction. The latest funding comes less than a year after the company raised Rs 12.25 crore (approximately $1.5 million) in a seed round…
Amazon Pay has rolled out a fixed deposit (FD) offering across India, marking a strategic expansion of its fintech portfolio beyond payments and commerce-linked services. The new feature allows users to open fixed deposits starting from Rs 1,000 directly via the Amazon Pay interface, without the need to open a separate savings account with partner institutions. To power the offering, Amazon Pay has partnered with two non-banking financial companies (NBFCs) Shriram Finance and Bajaj Finance along with five banks, including Shivalik Small Finance Bank, Suryoday Small Finance Bank, South Indian Bank, Slice, and Utkarsh Small Finance Bank. These institutions are…