Flo Mobility has raised $2.5 million in a pre-Series A funding round co-led by Mela Ventures and Arali Ventures. The Bengaluru based startup said the fresh capital will be used to scale manufacturing operations, strengthen its AI and autonomy capabilities, expand deployments across India, and enter international markets, particularly the Middle East. Founded in 2021 by Manesh Jain and Pratik Patel, Flo Mobility develops Physical AI and robotics solutions focused on the construction industry. The company builds autonomous robots designed to automate material movement and construction workflows across large infrastructure and real estate project sites. Its flagship product, Flo Hauler,…
Author: Adarsh Kumar
Apple has released the second Release Candidate (RC 2) build of iOS 26.5 for eligible iPhones, indicating that the stable public rollout is likely imminent. The update is currently available to developers and public beta testers. Release Candidate builds are generally considered near-final versions before wider deployment, although Apple occasionally releases a second RC when last-minute bugs or stability issues are identified. Unlike the first RC build, iOS 26.5 RC 2 does not introduce major visual or feature changes. Instead, the update focuses largely on refinement and stability improvements ahead of the official launch. Key Features Expected in iOS 26.5…
Sindhuja Microcredit has raised $5 million (around ₹47 crore) in a pre-Series D funding round from existing investors including Abler Nordic, GAWA Capital through the Huruma Fund, and Oikocredit. The Noida based NBFC-MFI said the fresh capital will be used to strengthen its capital base, expand lending operations, and improve access to credit for underserved communities, particularly women entrepreneurs and MSMEs. Founded by Abhisheka Kumar and Malkit Singh Didyala, Sindhuja Microcredit provides financial services to self employed women entrepreneurs, traders, shopkeepers, and farmers across rural and semi urban markets. According to the company, it has served more than 5 lakh…
NTPC is preparing to seek approval from the Atomic Energy Commission (AEC) for its first 1,400 MW nuclear power project, marking a significant step in the state-run power giant’s expansion into nuclear energy. According to a senior company official, feasibility studies for the proposed project have already been completed, and the company plans to begin land acquisition after receiving regulatory clearance from the AEC. The project will be based on India’s indigenous Pressurised Heavy Water Reactor (PHWR) technology and is expected to comprise two units of 700 MW each. While the exact location of the project has not yet been…
Toyota Kirloskar Motor (TKM) on Monday announced plans to establish a new vehicle manufacturing facility in Maharashtra, with production expected to begin in the first half of 2029. The new plant will be located in the Bidkin Industrial Area in Maharashtra and forms part of Toyota’s broader strategy to strengthen its manufacturing footprint in India and surrounding export markets. While the company did not officially disclose the investment amount, Japanese media reports have suggested that parent company Toyota Motor Corporation may invest around 300 billion yen ($1.9 billion) toward capacity expansion in India. According to the company, the upcoming facility…
Kathy’s Beverages, the company behind bubble tea and beverage brand Bobakat, has raised ₹6 crore in a pre-Series A funding round to accelerate expansion and strengthen its product portfolio. The Mumbai-based startup said the fresh capital will be deployed towards product innovation, marketing, team expansion, and offline growth across India. Founded in 2024 by Rupali Ambegaonkar and Sannjeev Rao, Bobakat operates in the fast growing bubble tea and youth focused beverage segment. The brand currently runs compact format outlets across food courts and high-street locations targeting urban consumers. According to the company, Bobakat has already served more than 10 lakh…
Honasa Consumer, the parent company of Mamaearth, has announced the resignation of its Chief Business Officer Yatish Bhargava, less than a year after his appointment to the role. According to a stock exchange filing made on Friday, Bhargava has stepped down due to “personal circumstances” and will cease to be part of the company’s senior management from the close of business hours on May 15, 2026. Bhargava had joined the Gurugram based company in June 2025 after the role remained vacant following the resignation of former CBO Zairus Master, who had also exited citing personal reasons. At the time of…
Wingreens has acquired pesticide-free food brand Safe Harvest through a share swap deal, while also closing a ₹120 crore ($12.6 million) Series D funding round led by investor Ashish Kacholia with participation from Alchemy Fund. With the latest round, Wingreens’ total capital raised to date has reached approximately ₹556 crore. The company’s previous major funding round came in November 2021, when it raised ₹124 crore from investors led by Investcorp. The acquisition strengthens Wingreens’ push into the farm-to-consumer food ecosystem by bringing together brands such as Wingreens Farms, Raw Pressery, and Safe Harvest under a broader health-focused food platform. Founded…
PB Fintech, the parent company of Policybazaar, has received approval from Securities and Exchange Board of India (SEBI) for its wholly owned subsidiary, PB Marketing and Consulting Pvt Ltd, to operate as a stock broker in the debt segment of the National Stock Exchange of India (NSE). The company disclosed the development in a stock exchange filing on Friday. The approval allows PB Fintech to facilitate transactions in fixed-income instruments such as corporate bonds, government securities, treasury bills, and other debt products. However, the permission is currently limited to the debt segment and does not include equity trading, derivatives, commodities,…
State-owned Bank of Baroda (BoB) reported an 11% year-on-year rise in net profit to ₹5,616 crore for the fourth quarter ended March 2026, driven by higher interest income and improvement in asset quality. The lender had posted a net profit of ₹5,048 crore in the corresponding quarter last year. According to the bank’s regulatory filing, total income increased to ₹36,609 crore during Q4 FY26, compared to ₹35,852 crore a year earlier. The bank’s interest income rose to ₹32,642 crore, up from ₹30,642 crore in the same quarter of the previous financial year. Meanwhile, net interest income (NII) grew strongly to…