China has asked some domestic technology companies to temporarily halt orders for Nvidia’s H200 artificial intelligence chips, according to a report by The Information citing people familiar with the matter. The move comes as Chinese authorities review whether and under what conditions the advanced US-made chips should be allowed into the country. Why Beijing has intervened The report said Chinese officials are concerned that companies may rush to stockpile foreign chips ahead of a formal policy decision. By asking firms to pause new orders, authorities aim to retain control over the volume of high-end chips entering China during the review…
Author: Aman Atulya
Industrial artificial intelligence startup Spector.ai has raised Rs 58 crore (about $6.7 million) in a funding round led by IvyCap Ventures, with participation from a group of US-based strategic investors. The financial terms beyond the headline amount were not disclosed. Use of capitalThe company said the fresh capital will be deployed to accelerate product innovation, expand enterprise deployments across global markets, and strengthen its core capabilities in artificial intelligence, knowledge graphs, and agent-based systems. The focus will be on industrial reliability and operational performance use cases across asset-intensive sectors. Company background and focusFounded to address the growing complexity of large-scale…
AI-powered growth platform Nitro Commerce has raised $5 million in a full-equity Series A funding round led by Cornerstone Ventures, with participation from India Accelerator & Finvolve, Equentis Wealth Advisory Services, Grand Anicut Angel Fund, Razorpay Ventures, Rukum Sitara Fund, and Ankurit Capital. Use of CapitalThe company said the proceeds will be deployed to drive platform-led growth, expand teams, strengthen AI and agentic capabilities, and scale its international presence. Company OverviewFounded by Umair Mohammad, Shamail Tayyab, and Pratik Anand, Nitro Commerce is building an AI-led growth operating layer for consumer brands across direct-to-consumer channels, quick commerce, marketplaces, and offline retail.…
AI-native equity research platform Multibagg AI has raised ₹1.5 crore in a pre-seed funding round led by AJVC. The startup had earlier raised ₹65 lakh from friends and family, taking its total capital raised to ₹2.15 crore. Use of FundsThe company said the fresh capital will be used primarily for team expansion and product development, with a focus on strengthening its AI-driven research and analytics capabilities. Multibagg AI aims to improve the depth and speed of insights delivered to retail investors through automation and data-led models. Product and Market FocusMultibagg AI offers institutional-grade equity research and analytics to retail stock…
Two judges from Shark Tank India have invested ₹75 lakh in Capture A Trip (CAT), a Delhi-based experiential travel brand, at a valuation of ₹15 crore. The funding will support the company’s plans to expand international routes while strengthening its presence across offbeat Indian destinations, deepening its engagement with India’s youth travel ecosystem. Funding Details and Deal Structure The investment was finalised during an episode of Shark Tank India Season 5, where Nitin Khanna, Founder & CEO, and Anurag Singhal, Co-founder & CBO, pitched for ₹75 lakh in exchange for 5% equity. After multiple counter-offers and negotiations, the final deal…
Leadership Appointments to Support Next Phase of Scale Univest, an advisory-first wealth-tech and broking platform, has announced a series of senior leadership appointments as it accelerates growth across governance, brand building, broking, and AI-led technology. The company has appointed Girraj Prasad Garg, former Executive Director at Securities and Exchange Board of India (SEBI), as Non-Executive Director, strengthening regulatory oversight and governance. Sachin Gupta, former senior leader at Lenskart and AstroTalk, joins as Chief Marketing Officer, while Gagan Singla, previously Managing Director at BlinkX and a senior leader at HDFC Securities and Angel Broking, has been appointed CEO – Broking Business.…
Government-Backed Support for Emerging Game Studio Glass Jar Interactive (GJI), a DPIIT-recognised video game and entertainment studio, has secured a government-backed grant and is now incubated at the CREATE Incubation Centre at Indian Institute of Information Technology Lucknow (IIIT Lucknow). While the financial terms of the grant were not disclosed, the development marks a significant milestone for the studio as it scales original IP-led game development from India. Recognition Under Startup India Glass Jar Interactive is recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Startup India initiative. Its incubation at CREATE places the studio…
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,…
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…