Singularity AMC, a growth-equity investment platform backed by Madhusudan Kela and led by Yash Kela, has invested in Lohia Aerospace Systems, an advanced materials and composites manufacturing company serving global aerospace and defence markets. The financial terms of the transaction were not disclosed. Company background and capabilities Founded in 2021 by the Lohia family, Lohia Aerospace specialises in the design and manufacture of complex composite structures and materials used in aircraft, unmanned aerial vehicles, and next-generation aerospace and defence platforms. The company operates vertically integrated facilities that combine engineering, manufacturing, and production capabilities, enabling it to supply full aerostructures, assemblies,…
Author: Aman Atulya
Inox Clean Energy Limited, part of the INOXGFL Group, has secured equity funding of about ₹3,100 crore along with its subsidiary, Inox Solar Limited, at a pre-money valuation of around ₹50,000 crore, the company said on Wednesday. Investor participation and valuation The equity round saw participation from a mix of global and domestic investors. These include CalPERS (California Public Employees’ Retirement System), the largest pension fund in the United States, SUN Group Global, Authum Investments, Akash Bhansali, and several family offices and high net-worth individuals, either directly or through investment vehicles. Use of funds Inox Clean said the capital will…
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, will set up a greenfield 10 GW ingot and wafer manufacturing facility in Nellore, Andhra Pradesh, with an investment of Rs 6,675 crore, marking one of the largest commitments to solar manufacturing in India. Project approval and location The project has received clearance from the State Investment Promotion Board (SIPB), chaired by Andhra Pradesh Chief Minister N Chandrababu Naidu. The facility will come up at the IFFCO Kisan Special Economic Zone, where the state government has allocated 200 acres of land. Of this, 120 acres have been earmarked for…
EV charging infrastructure startup RoadGrid has raised Rs 12 crore (around $1.33 million) in a pre-Series A funding round as it looks to scale manufacturing and accelerate the nationwide rollout of charging infrastructure. Funding round and investors The round was led by Venture Catalysts, with participation from strategic and angel investors including Kamal Puri of Skyline Group, IPV, FAAD Network, LetsVenture, Vrinda Goyal of Pace Group, Haresh Patel of Arthanomics, and Maneesh Shrivastav of Alpha Value. Use of proceeds RoadGrid said the capital will be deployed to scale up manufacturing capabilities, expand software integrations, and speed up the deployment of…
Strategic Collaboration UnveiledInformation technology giant Infosys Ltd announced a strategic partnership with Amazon Web Services to accelerate enterprise adoption of generative artificial intelligence (GenAI). The collaboration will integrate Infosys’ AI-first platform Topaz with AWS’s generative AI-powered assistant Amazon Q Developer, aiming to enhance both internal operations and client solutions across multiple industry verticals. Integration of AI PlatformsInfosys said in a stock exchange filing that the initiative will combine Infosys Topaz its suite of AI services, solutions and platforms with Amazon Q Developer to drive AI-powered transformation in areas such as software development, human resources, recruitment, sales and vendor management. The…
Bengaluru-based proptech startup Flent has raised Rs 21 crore (around $2.5 million) in a Pre-Series A funding round to accelerate expansion and strengthen its managed rental housing platform. Funding details and investors The round includes Rs 17 crore in equity and Rs 4 crore in debt, and was led by Incubate Fund Asia. Other participants include WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, along with angel investors such as Rajesh Yabaji. In addition to institutional capital, more than 40 landlords and tenants using the platform collectively invested Rs 1 crore, reflecting early stakeholder confidence in…
Bengaluru-based voice artificial intelligence startup Arrowhead has raised $3 million in a seed funding round led by Stellaris Venture Partners, as it looks to scale deployment of its voice-led sales automation technology in financial services. The round also saw participation from a group of angel investors, including founders and senior executives from fintech companies such as CRED, M2P, Turtlemint, and Kissht, according to industry sources. Use of FundsArrowhead said the capital will be deployed to deepen its proprietary AI models, expand its technology and go-to-market teams, and support wider enterprise adoption of its voice AI solutions. The company is focused…
Healthcare technology company FutureCure Health has raised ₹104 crore (about $11.5 million) in a funding round led by Carnelian Asset Management LLP, with participation from other investors. The round marks a significant follow-on to the company’s earlier $4 million fundraise in 2022, which was backed by Kotak Alternate Asset Management, RVCF Ventures and Unicorn India Ventures. Use of ProceedsFutureCure Health said the fresh capital will be used to expand access to diagnosis and treatment of vertigo, an area that remains underserved despite its high prevalence. The company plans to scale its specialised care model across hospitals and clinics in India…
The Sustainability Mafia (SusMafia), a non-profit organisation focused on climate education, early-stage incubation and ecosystem building, has received a ₹2 crore corporate social responsibility (CSR) grant from Zerodha. Use of Funds and Focus AreasSusMafia said the funds will be used to build a skilled, climate-aware workforce and support climate-tech startups developing solutions across air quality, water and sanitation, waste management, carbon reduction and the circular economy. The organisation aims to enable early-stage ventures to scale solutions that deliver measurable environmental impact. Organisation BackgroundFounded in 2018, The Sustainability Mafia operates as a coalition of entrepreneurs, investors and sustainability practitioners. Its model…
Strong Investor ResponseAdani Enterprises Limited’s ₹1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within 45 minutes of opening, according to stock exchange data. The base issue of ₹500 crore was fully taken up in just 10 minutes, with subscriptions crossing the ₹1,000 crore mark after including the greenshoe option. Issue Structure and TimelineThe NCD issue opened on Tuesday and will close on January 19, 2026. Allotment will be carried out on a first-come, first-served basis. The issue comprises a base size of ₹500 crore with a greenshoe option of an additional ₹500 crore. Yield and RatingsThe NCDs…