Global investment platform Lightrock has launched Accelerate7, a $500 million fund focused on scaling startups working in clean energy, electric mobility, energy storage and clean cooking solutions across emerging markets. According to a Bloomberg report, the London headquartered firm will invest in growth-stage companies across South Asia, Southeast Asia and Sub-Saharan Africa. The fund plans to deploy cheque sizes ranging between $10 million and $50 million. Accelerate7 will primarily focus on sectors including electricity access, clean cooking infrastructure, electric mobility and energy storage segments witnessing rising investor interest amid the global transition towards cleaner and more sustainable energy systems. The…
Author: Adarsh Kumar
Devotional-tech startup DevDham, formerly known as DevDarshan, has shut down operations nearly two years after raising its seed funding round in January 2024, according to sources familiar with the matter. The Gurugram based startup’s website is currently inaccessible, while users are also unable to log into its mobile application, indicating a complete halt in platform activity. Multiple people aware of the development told Entrackr that the startup had remained largely inactive over the past few months. The shutdown also comes amid key founder departures from the company. According to sources, co-founder Suyash Taneja exited the startup in March 2026. His…
Ola Electric is strengthening its manufacturing and battery ambitions with a fresh capital infusion of Rs 2,000 crore into its key subsidiaries. According to a stock exchange filing, the board of Bhavish Aggarwal-led Ola Electric has approved investments into its wholly owned subsidiaries Ola Electric Technologies Private Limited (OET) and Ola Cell Technologies Private Limited (OCT). The company will invest Rs 1,500 crore into OET and another Rs 500 crore into OCT through compulsory convertible preference shares issued at par. The filing stated that the proceeds will be used to support operational and business requirements across both entities. OET serves…
Ride hailing platform Rapido has raised $240 million in a fresh primary funding round led by Prosus, with participation from WestBridge Capital, Accel and other existing investors. According to the company, the investment is part of a broader $730 million primary and secondary transaction that values Rapido at approximately $3 billion on a post-money basis. The fresh capital will be used to expand demand across existing and new markets, strengthen the captain network, invest in technology infrastructure, and scale hiring across functions. The Bengaluru-based startup also plans to deepen its presence in tier II and smaller cities where affordable mobility…
D2C founders community D2C Insider is preparing to launch ConsumerX Ventures, a SEBI-registered Category II Alternative Investment Fund (AIF), focused on backing early-stage consumer brands and D2C enablers across India. According to sources familiar with the matter, the fund is targeting a corpus of Rs 150 crore and plans to invest in nearly 25 startups at the pre-seed and seed stages. The proposed fund is expected to focus on emerging consumer brands, commerce infrastructure startups, and businesses building tools and services for the D2C ecosystem. Sources also said the platform is currently in advanced discussions with a large consumer-focused corporate…
Bengaluru-based wealthtech startup Scripbox is preparing for its next phase of growth and potentially, the public markets. The digital wealth management platform is planning to raise up to Rs 170 crore through a combination of equity and debt as it sharpens its expansion strategy ahead of a targeted IPO. According to regulatory filings reviewed by Entrackr, Scripbox’s board has approved a proposal to raise up to Rs 60 crore from a select group of friends and family investors. The fundraising may happen through equity shares, preference shares, convertible instruments or other securities. The filing stated that the proceeds will be…
Legend of Toys, a fast-growing toy brand focused on character-led and high performance RC products, has raised Rs 21 crore in a pre-Series A funding round. The round saw participation from Singularity Early Opportunities Fund, Veltis Capital, Enzia Ventures, DeVC, Atrium Angels and Stride. The company said the fresh capital will be used to expand into new play categories, strengthen consumer marketing, scale digital operations, boost manufacturing capabilities, and enter international markets. Founded in 2024 by Afshaan Siddiqui and Vinay Jaisingh, Legend of Toys is building a premium toy brand around performance, storytelling and community driven engagement. Its portfolio currently…
The Enforcement Directorate (ED) has alleged that Bengaluru-based real money gaming platform Gameskraft used bots and manipulated gaming mechanisms that resulted in user losses exceeding ₹1,154 crore, according to an official statement issued on Wednesday. The agency said it conducted search and seizure operations between May 7 and May 13 across company offices and premises linked to directors and senior employees in Bengaluru and the NCR region. During the operation, the ED said it froze and seized movable assets worth approximately ₹526.49 crore, including bank balances, mutual funds, fixed deposits, and bonds. Additionally, jewellery valued at around ₹3.5 crore and…
Matrimony.com, the parent company of Bharat Matrimony, reported an 8% year-on-year increase in revenue for the fourth quarter of FY26, while profit rose more than 18% during the same period. According to the company’s consolidated financial statements filed with the National Stock Exchange of India (NSE), revenue from operations increased to ₹116.8 crore in Q4 FY26 from ₹108.3 crore in the corresponding quarter last year. Matrimony.com operates several online matchmaking platforms, including Bharat Matrimony and regional matrimony services catering to communities such as Punjabi, Gujarati, Marathi, and others. Subscription revenue from matchmaking services remained the company’s primary income source, contributing…
DLF, India’s largest real estate company by market capitalisation, has announced an additional investment of ₹21,300 crore to complete its ongoing residential projects across major cities, including Delhi-NCR, Mumbai, and the Chandigarh tri-city region. According to the company’s latest investor presentation filed with the BSE, the “pending cost to complete for all launched projects” currently stands at ₹21,300 crore. The developer also disclosed that total receivables from customers against sold properties amount to ₹33,840 crore. After accounting for project completion costs, DLF expects net receivables of around ₹12,540 crore. The investment comes amid sustained demand for premium and luxury housing…