Edtech firm PhysicsWallah has approved the acquisition of an additional 12.29% stake in its subsidiary Xylem Learning, increasing its total shareholding to 77.27%, according to a regulatory filing made on Thursday. The company’s board approved the transaction through a third amendment to the shareholders’ agreement with Xylem Learning and its existing investors. As part of the deal, PhysicsWallah will acquire 930 equity shares for a cash consideration of ₹122.9 crore. Phased Path to Full Ownership PhysicsWallah first entered into a shareholders’ agreement with Xylem Learning in June 2023, with subsequent amendments in June 2023 and February 2025, allowing it to…
Author: Aman Atulya
Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries, has acquired a majority stake in Udhaiyams Agro Foods for an undisclosed consideration, strengthening its push into the branded staples and fresh foods segment. Under the joint venture structure, RCPL will hold a controlling stake, while Udhaiyams Agro Foods’ promoters S Sudhakar and S Dinakar will continue to retain a minority stake and remain involved in the company’s next phase of growth. RCPL Deepens Presence in Staples Market With this acquisition, RCPL enters direct competition with Tata Consumer Products in the staples category and with iD Fresh…
Early childhood education-focused startup CuePilot AI has raised $1.8 million in a pre-seed funding round led by Unilazer Ventures, backed by Ronnie Screwvala. The round also saw participation from Eximius Ventures and Titan Capital. The company said the fresh capital will be used to strengthen its voice and AI technology stack, build integrations for new markets, and expand go-to-market efforts across India, the Middle East, Southeast Asia, and eventually the United States. Automating Operations for Preschools and Daycares CuePilot is building a voice-first, AI-native management platform designed specifically for preschools and daycare centres, a segment where operational processes remain largely…
Industrial B2B solutions provider Magma has closed its Series A funding round at $8 million, following a $3 million extension to its previously announced $5 million raise in April 2025. The latest infusion includes $1.2 million from existing investors Capria Ventures and Avinya Ventures, $1.3 million from Gujarat Venture Finance Limited (GVFL), the venture capital arm of the Gujarat government, and $0.5 million from AVNM Ventures. With this round, Magma’s total funding now stands at $11.3 million, including $3.3 million raised at the seed stage. Capital to Drive Expansion and Product Growth Magma said the fresh capital will be used…
ACME Solar Holdings on Thursday said it has secured ₹4,725 crore in long-term financing from leading Indian financial institutions to fund renewable energy projects and optimise its capital structure by lowering borrowing costs. The financing includes a mix of greenfield project funding and refinancing, with tenors ranging between 18 and 20 years, providing long-term visibility on cash flows and reducing exposure to interest-rate volatility. Greenfield Projects Backed by Long-Tenure Debt Under new greenfield financings, ACME Solar raised ₹2,716 crore from Power Finance Corporation (PFC) for its 300 MW ACME Sigma FDRE project, which includes four hours of battery energy storage.…
Deep-tech venture capital firm Speciale Invest has launched its ₹1,400 crore Growth Fund II, aimed at backing early-stage startups that have moved beyond technology validation but are yet to achieve predictable commercial revenues. The fund seeks to address a critical gap in India’s deeptech capital ecosystem, particularly for companies transitioning from R&D-led innovation to scalable businesses. The Growth Fund II will invest in 12–15 startups, with an average cheque size of $5–8 million, supporting founders as they scale manufacturing, build capacity, and compete globally. Unlike its early-stage funds, Speciale expects this vehicle to attract a more institutional LP base, while…
Artificial Intelligence is no longer a future promise. It is the present-day power shaping economies, geopolitics, jobs, and innovation worldwide. And in 2025, the global AI leaderboard just delivered one of its most exciting updates yet. According to Stanford University’s Global AI Vibrancy Tool 2025, the United States continues to dominate the AI race, China holds strong in second place, and India has made a dramatic four-spot jump to rank third globally, overtaking several advanced economies. This annual report evaluates 36 countries across seven critical pillars including AI research, talent, infrastructure, government policy, business impact, ethics, and public perception. The…
AIESEC in Delhi IIT, in association with the Office of Academic Outreach and New Initiatives, IIT Delhi, successfully hosted Stand By Her 2025, its flagship leadership and gender equity initiative, at the Indian Institute of Technology (IIT) Delhi. The event brought together young leaders, professionals, and changemakers to celebrate women’s leadership and drive conversations on inclusion, empowerment, and resilience. Aligned with Global Development Goals Stand By Her 2025 was supported by Havells as the Official Partner and the Kabaddi Champions League as the Official Sports Partner. The initiative aligned closely with the United Nations Sustainable Development Goals, with a focus…
A Nationwide Movement Led by Children Troovy, India’s fastest-growing healthy snacks brand for families, has announced the launch of the Snackmakers Challenge, a nationwide initiative designed to put children at the heart of food creation. Positioned as India’s biggest kid-led snack revolution, the challenge invites children to imagine, design, and co-create the next generation of healthy snacks. The Question That Sparked a Brand Troovy’s journey did not begin in a boardroom. It began on a family road trip, when four-year-old Vihaan, now one of the brand’s co-founders, asked a simple but powerful question: “Why can’t chips make me stronger?” That…
A Strategic Move into Senior Digestive Wellness AGEasy, the consumer products brand under Antara Senior Care, has partnered with Wellbeing Nutrition to launch a dedicated Gut Care Range formulated specifically for seniors. The collaboration addresses a critical yet often overlooked aspect of ageing digestive health through products designed exclusively for the physiological needs of older adults. Gut Health: A Growing Concern Among India’s Seniors Digestive discomfort is increasingly common among India’s ageing population. Recent studies reveal that 4 in 10 urban seniors suffer from persistent gut issues, including constipation, IBS and IBD, while nearly 50% actively seek medical treatment. Despite…