Uber is setting up its first data centre in India in partnership with Adani Group, marking a significant expansion of the ride hailing company’s technology and infrastructure presence in the country. The development was announced by Uber CEO Dara Khosrowshahi after meeting Gautam Adani in Ahmedabad on Wednesday. “India is fast emerging as a leading innovation hub for Uber,” Khosrowshahi said in a post on X, adding that the upcoming facility would help the company “test and deploy” technology at scale from India for global operations. The move comes as Uber intensifies its focus on India, one of its largest…
Author: Adarsh Kumar
Nivasa Finance has raised $3 million (around ₹25 crore) in a seed funding round led by Prime Venture Partners, with participation from Blume Ventures, Whiteboard Capital, and a group of angel investors. The startup said the fresh capital will be used to expand geographically, strengthen its distribution network, deepen lender partnerships, and explore the possibility of obtaining an NBFC licence. Founded in 2025 by Samit Shetty and Hitesh Saraf, Nivasa Finance is building a distribution and fulfilment platform focused on affordable housing loans and loans against property (LAP) in non-metro and underserved markets. The Bengaluru based company primarily caters to…
The EleFant has raised $1 million in a pre-Series funding round led by Growth Sense Venture Fund, with participation from JIIF, Arian Capital, Asit Oberoi, Vimal Saboo, and other angel investors. The startup said the fresh capital will be used to strengthen its technology infrastructure and expand operations across key markets in India. Founded by Sourabh Jain and Srishti Jain, The EleFant operates a toy subscription and circular play platform catering to children between the ages of 0 and 12 years. The platform allows families to subscribe to toys and books from more than 90 brands through monthly plans starting…
Instafix, a doorstep smartphone repair startup, has raised ₹7.55 crore in a pre-seed funding round co-led by Titan Capital and 8i Ventures. The round also saw participation from investors Anish Srivastava and Bharat Kalia. The startup said the fresh capital will be used to scale operations in Gurugram, expand repair services beyond iPhones to premium Android devices, and strengthen the technology infrastructure powering its on-site repair model. Founded in 2025 by Aniket Kale and Chetan Chauhan, Instafix offers a 30-minute doorstep smartphone repair service supported by certified technicians and warranty backed repairs. The company’s model allows customers to book smartphone…
Amazon India has expanded health and insurance coverage for nearly 90,000 delivery associates across its operations network as part of broader efforts to strengthen worker welfare and logistics infrastructure. The enhanced benefits package includes outpatient department (OPD) coverage for routine medical expenses, inpatient hospitalisation support, and compensation for temporary or permanent disabilities. According to the company, the benefits are being rolled out across all last-mile delivery programmes to ensure coverage for both immediate healthcare needs and income loss arising from workplace injuries. Under the revised policy structure: The wellness programme also extends coverage to associates and up to three family…
Raise Financial Services, the parent company of stock broking platform Dhan, has acquired GreenLife Insurance Broking in an undisclosed all-cash and stock transaction to expand into the insurance distribution business. GreenLife Insurance Broking Pvt Ltd (GIBL) is an IRDAI registered insurance broker operating across more than 50 cities and towns in East and North-East India through an offline distribution network. Following the acquisition, Raise plans to invest around $15 million in GreenLife to build a technology-led consumer insurance distribution platform focused on product innovation, customer experience, and digital insurance management. Founded in 2013 by Subir Mukherjee, GreenLife works with over…
Nazara Technologies is planning to divest its esports and adtech businesses as the company sharpens its focus on core gaming operations, according to a report by Moneycontrol. Founder and CEO Nitish Mittersain said the company intends to prioritise gaming segments such as PC and console gaming, which it views as major long-term growth opportunities. Nazara’s esports operations are largely housed under NODWIN Gaming, its esports and youth media subsidiary that manages gaming tournaments, creator ecosystems, and gaming events. NODWIN’s portfolio includes brands such as Freaks 4U Gaming, Trinity Gaming, Comic Con India, and Ninja Global. On the advertising technology side,…
Silicon Road Ventures (SRV) has partnered with Ajay Mahajan to launch a new alternative investment fund (AIF) focused on early stage startups building agentic AI solutions for the B2B commerce technology sector. The fund, which has received Category-II registration from the Securities and Exchange Board of India (SEBI), will operate with a corpus of ₹150 crore. According to Mahajan, the fund will back startups developing AI-driven solutions across areas such as multi-channel commerce, supply chain and logistics, fintech, retail operations, and consumer insights. Founded in 2019 by Sid Mukherjee, Silicon Road Ventures specialises in early stage investments spanning seed to…
InCred Capital has announced the acquisition and integration of S Cube Capital into its Singapore based entity, InCred Global Wealth Pte, subject to regulatory approvals. The acquisition is aimed at strengthening InCred Capital’s offshore investment and fund management capabilities by adding regulated fund vehicles to its Singapore platform. The deal also builds on the company’s earlier acquisition of Arrow Capital DIFC, further enhancing its ability to serve clients investing across the Singapore-GCC-India investment corridor. Singapore-based S Cube Capital is regulated by the Monetary Authority of Singapore (MAS) and focuses on institutional investment management with expertise across local and global markets.…
HrdWyr has raised $13 million in a Series A funding round led by Ideaspring Capital, with participation from Singularity AMC, Avatar Growth Capital, and existing investor Persistent Systems. The startup said the fresh capital will be used to accelerate the development of its AI-native System-on-Chip (AISoC) products and expand customer engagements across international markets. Founded by Ramamurthy Sivakumar, HrdWyr is a fabless semiconductor startup building AI-native chips designed for edge computing and physical AI applications. The company develops purpose built semiconductor solutions for sectors including consumer electronics, electric vehicles, industrial automation systems, and data centres. HrdWyr’s chips are designed to…