Premier Energies, one of India’s leading renewable energy manufacturers, has announced its entry into the solar inverter segment with the acquisition of 100% stake in KSolare Energy for Rs 170 crore, marking a major expansion in its clean energy portfolio. The deal, executed through a joint venture with Syrma SGS Technology in a 51:49 ownership structure, strengthens Premier Energies’ position across the solar value chain. The acquisition comes just a day after the company announced its entry into transformer manufacturing by acquiring a 51% stake in Transcon Industries for Rs 500.3 crore. KSolare Energy, based in Pune, operates a manufacturing…
Author: Aman Atulya
Kerala-based deep-tech startup Neiox Eco Cycle has received a Rs 75 lakh prototyping grant from Cochin Shipyard Ltd (CSL) under the USHUS Maritime Innovation Scheme, marking a major milestone in India’s push for sustainable maritime technologies. The grant, awarded at an event held at IIM Kozhikode, will support Neiox in developing the world’s first carbon-negative, non-toxic marine hull coating. The startup, led by CEO Akhil Raj Pottekkat, aims to create a coating that not only prevents corrosion and biofouling but also improves ship fuel efficiency, cuts CO₂ emissions, and protects marine ecosystems. What makes this innovation distinctive is its origin…
What began as a classroom experiment inside IIIT-Bangalore has today become one of India’s most powerful travel-tech stories TripGain, a unified Travel & Expense (T&E) platform that’s reshaping how enterprises manage business travel worldwide. The Realization: Fixing a Broken System Back in 2014, India’s corporate travel space was deeply fragmented. Bookings lived with agencies, reimbursements with finance teams, and compliance somewhere in between. Employees wasted hours chasing approvals; CFOs lacked real-time visibility. TripGain’s founding team, veterans who had spent over a decade building travel technology products, saw an opportunity. What if business travel, expense management, and compliance could finally exist…
Indian crypto exchange WazirX is set to restart trading operations on October 24, 2025, following a 16-month suspension. The relaunch comes after a Singapore Court-approved restructuring plan, marking a major comeback for one of India’s most prominent crypto platforms. Restructuring and User Protection:Over 95% of WazirX’s creditors approved the restructuring plan, which enables the platform to settle user claims and restore full-scale operations under court supervision. The company has also onboarded BitGo as its custodial partner to provide institutional-grade security for user assets. Zero-Fee Relaunch Strategy:To attract users back, WazirX will initially offer zero trading fees on crypto-to-crypto and USDT/INR…
Conversational automation platform Uniphore has secured $260 million in a Series F funding round, backed by technology giants NVIDIA, AMD, Snowflake, and Databricks, along with existing investors NEA and March Capital. The company’s valuation remains steady at $2.5 billion, matching its February 2022 round when it raised $400 million. Funding Snapshot:The fresh capital will fuel Uniphore’s global expansion across the Americas, EMEA, and Asia, while enhancing its enterprise AI and automation capabilities. The company also plans to strengthen strategic partnerships and pursue further acquisitions—building on recent buyouts of Orby AI and Autonom8 to advance automation and data integration. The Product…
The Ministry of Electronics and Information Technology (MeitY) has released draft amendments to the IT Rules, 2021, aimed at introducing obligations for online platforms to label and trace AI-generated and deepfake content. The proposals are part of the government’s effort to enhance transparency and accountability as synthetic media becomes increasingly widespread. The draft defines “synthetically generated information” as any content created, modified, or altered using computer resources to appear authentic. Platforms, particularly Significant Social Media Intermediaries (SSMIs), will be required to visibly label AI-generated content and attach permanent metadata identifiers that cannot be removed or hidden. For video content, the…
Healthy-snacking brand Wonderland Foods has raised Rs 140 crore (around $16 million) in its first institutional funding round led by impact investor Asha Ventures, with participation from British International Investment (BII), the UK government’s development finance institution. The funding will be used to expand the company’s product range, upgrade processing capabilities, and boost distribution and marketing across retail and online channels, the company said in a statement. Founded in 2014 by Anubhav Gupta, who currently serves as the Managing Director, Wonderland Foods has established itself as a leading player in India’s fast-growing healthy snacking market. The brand offers a wide…
Enterprise AI platform provider UnifyApps has raised $50 million in a Series B funding round led by WestBridge Capital, with participation from ICONIQ and other existing investors. This latest investment takes the company’s total funding to $81 million, marking a major milestone in its rapid global expansion journey. As part of this round, Ragy Thomas, an early investor and enterprise software veteran, has joined UnifyApps as Chairman and Co-CEO, alongside Co-founder and CEO Pavitar Singh. The company plans to use the new funds to expand its European presence, strengthen platform development, and deepen integrations across enterprise systems. Founded in 2023,…
Early-stage venture capital firm India Quotient has secured $129 million (₹1,132 crore) for its fifth fund, marking a major milestone in its mission to empower the next generation of Indian founders. The fund has attracted participation from both domestic and global investors, reflecting growing confidence in India’s early-stage startup ecosystem. The newly raised Fund V will focus on pre-seed, seed, and idea-stage startups across high-potential sectors such as SaaS, fintech, D2C, consumer brands, agritech, and content platforms. The firm plans to invest between ₹1 crore and ₹15 crore per company, with follow-on support for promising ventures as they scale. Founded…
India’s digital payment ecosystem reached a new milestone in October, as the Unified Payments Interface (UPI) logged an average daily transaction value of approximately ₹94,000 crore, representing a 13% increase over September’s average of around ₹82,991 crore. Drivers of Growth The surge in transaction volumes is attributed to a combination of festive-season spending and recent Goods & Services Tax (GST) rate cuts. With major festivals like Diwali falling in October this year, consumer activity picked up significantly, especially in retail, e-commerce, and offline purchasing. Volume and Monthly Outlook Transaction volumes have also climbed: the average number of UPI transactions per…