In a major boost to India’s science-led startup ecosystem, IIT Bombay’s SINE (Society for Innovation and Entrepreneurship) on Tuesday launched the country’s first incubator-linked deep tech venture capital fund — the Y-Point Venture Capital Fund — with a corpus of ₹250 crore. This marks a groundbreaking step in strengthening early-stage deep tech innovation emerging from India’s top research institutions. According to IIT Bombay, the fund has been designed to bridge the critical “lab-to-market” gap that deep tech startups often struggle with. By providing high-risk capital at the pre-seed and seed stages, the initiative aims to accelerate the journey of research-backed…
Author: Adarsh Kumar
Vineeta Singh, the co-founder and CEO of Sugar Cosmetics, is one of India’s most admired entrepreneurs and an inspiration for millions of young women aiming to build something of their own. A graduate of IIT Madras and IIM Ahmedabad, she left behind high-paying job offers to follow a dream that many thought was impossible — creating a homegrown beauty brand that could stand tall against global giants. Today, Sugar Cosmetics is one of India’s fastest-growing makeup brands, but Vineeta’s journey is built on courage, consistency, and relentless self-belief. Early Rejections, Failed Startups & Unshakeable Determination Vineeta’s path to success was…
Eric Swider, director at Trump Media & Technology Group (TMTG), has announced plans to invest ₹1 lakh crore in Telangana over the next decade. The declaration came at the Telangana Rising Global Summit, where Day 1 investment commitments reached ₹2.43 lakh crore, highlighting the state’s rising global appeal. Swider said the majority of this investment will support “Bharat Future City”, Telangana’s ambitious 765 sq km integrated urban development coming up near Meerkhanpet. He praised the state’s rapid economic growth, investor-friendly policies and the leadership of Chief Minister A. Revanth Reddy, noting that Telangana offers the right environment for high-impact, long-term…
India’s flagship digital payments network, the Unified Payments Interface (UPI), has achieved another historic milestone. The International Monetary Fund (IMF), in its June 2025 report Growing Retail Digital Payments (The Value of Interoperability), has officially recognised UPI as the world’s largest retail real-time payment system by transaction volume — a monumental validation of India’s digital transformation journey. According to the report, UPI now accounts for an extraordinary 49% of all real-time payment transactions globally, making India the undisputed global leader in digital payments. Supporting this, ACI Worldwide’s Prime Time for Real-Time Payments 2024 study also identified UPI as the biggest…
Agentic AI startup Emergent has secured a strategic investment from Google’s AI Futures Fund, strengthening its position in the fast emerging vibe coding landscape. While the investment amount has not been disclosed, the company confirmed that the fresh capital will be directed toward hiring top talent, accelerating product development, and expanding its global footprint. Founded by Mukund Jha, cofounder of Dunzo, and his brother Madhav Jha, Emergent is building an autonomous application-development platform that enables users to create production-ready software through natural language prompts. Its AI agents can generate backend logic, data models, APIs, and complete frontend interfaces allowing users…
LEAP India, one of India’s fastest-growing supply chain technology and reusable packaging providers, has received official approval from the Securities and Exchange Board of India (SEBI) to proceed with its ₹2,400 crore initial public offering (IPO). SEBI issued its observations in the week ending December 5, clearing the path for one of the logistics industry’s most anticipated listings. Filed in August, LEAP India’s Draft Red Herring Prospectus (DRHP) outlines an IPO consisting of a ₹400 crore fresh issue and an offer for sale (OFS) worth up to ₹2,000 crore. Promoter entity Vertical Holdings II will lead the OFS with a…
Centre Court Capital, a sports tech and gaming-focused venture fund anchored by JSW Group’s Parth Jindal, has closed its maiden fund at ₹410 crore, surpassing its target of ₹350 crore. The oversubscribed fundraise highlights rising investor confidence in India’s rapidly expanding sports, fitness, and digital gaming sector. The fund secured commitments from leading domestic institutions including SIDBI and the Self-Reliant India Fund (SRI), alongside participation from major family offices such as Premji Invest, SanRaj Group, and GMR Sports. The investor roster also includes top athletes Neeraj Chopra, Rishabh Pant, PV Sindhu, and Jemimah Rodrigues, as well as well-known startup founders…
India’s fast-growing quick commerce industry is heading toward a major correction, according to Blinkit CEO Albinder Dhindsa, who believes the sector’s breakneck expansion is becoming unsustainable. Speaking in a recent interview, Dhindsa said years of aggressive fundraising and heavy discounting have pushed several players to the edge as investor appetite cools. Backed by global capital giants including SoftBank, Temasek and major Middle Eastern funds, India has become the world’s most ambitious market for ultra-fast deliveries. Dense city clusters, low labor costs and seamless digital payments helped fuel rapid adoption. But Dhindsa warns that the economics of 10-minute delivery rely heavily…
In a major recalibration of US tech policy, President Donald Trump has granted Nvidia permission to export its H200 artificial intelligence chips to authorised buyers in China. The move loosens selected export controls while preserving strict national security protections on America’s most advanced semiconductor technology. The decision arrives amid ongoing US concerns that unrestricted AI chip sales could accelerate China’s rapid technological growth. While the H200 is a high performance chip designed for AI training and large-scale computing, it is not Nvidia’s most powerful processor. Trump reaffirmed that the company’s flagship Blackwell series and the upcoming Rubin generation remain barred…
Swiggy has opened its massive ₹10,000-crore qualified institutional placement (QIP) today, following overwhelming shareholder approval at its extraordinary general meeting on December 8. The food delivery and quick commerce giant confirmed in a regulatory filing that 76.40% of shareholders participated in the vote, with an impressive 99.47% voting in favour of the fundraise making this one of the largest equity issuances in India’s consumer internet sector in 2024. Why Is Swiggy Raising Funds Now? The timing of the fundraise coincides with an intensifying battle in India’s hyper growth quick commerce market. Swiggy Instamart is scaling rapidly as it competes head-to-head…