Global investment firm Think Investments has infused ₹136 crore into PhysicsWallah (PW) through a secondary share transaction, highlighting strong investor confidence in the edtech unicorn ahead of its upcoming public issue. The deal was executed at ₹127 per share, a 17% premium over the IPO’s upper price band of ₹109. According to reports, Think Investments acquired 1.07 crore shares, representing a 0.37% stake in PW. Importantly, none of the co-founders participated in the transaction, reflecting their continued belief in the company’s long-term growth and valuation potential. Heightened Investor Activity Ahead of IPO This latest investment follows a series of ESOP…
Author: Aman Atulya
Paytm (One97 Communications Limited), India’s leading merchant payments and financial services distribution company, has announced a strategic partnership with Groq, the U.S.-based leader in real-time AI inference. The collaboration aims to accelerate Paytm’s AI-driven ecosystem by integrating Groq’s purpose-built Language Processing Unit (LPU) technology to enhance performance, scalability, and cost-efficiency across its payments and financial services platforms. Transforming Payments with Real-Time AIUnder this partnership, Paytm will deploy GroqCloud powered by Groq’s proprietary LPU to deliver real-time AI inference at unprecedented speed and efficiency. Compared to traditional GPU-based systems, Groq’s architecture promises faster data processing and significantly lower computational costs. This…
The Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change (MoEFCC) has deferred its decision on granting environmental clearance (EC) to ArcelorMittal Nippon Steel India Ltd (AMNSIL) for its proposed 8.2 million tonnes per annum integrated steel plant in Anakapalli district, Andhra Pradesh. The project, valued at approximately ₹1.50 trillion, was deliberated during the EAC’s meeting on October 30, 2025. The committee sought clarification from the Controller of Pollution (CP) Division regarding the applicability of Notification GSR 85(E) to the proposed site, given that the location had previously been granted environmental clearance. Project Scale and Environmental…
State-run renewable energy subsidiary NTPC Green Energy Ltd (NGEL) announced plans to raise ₹1,500 crore through the issuance of unsecured non-convertible debentures (NCDs) on a private placement basis on November 11, 2025. According to the company’s regulatory filing, the proceeds from the issuance will be used for financing capital expenditure, refinancing earlier capital spends, and recouping investments already made. Funds will also be extended to subsidiaries and joint ventures through inter-corporate loans to support project expansion and other general corporate purposes. Debenture Details and Maturity Structure As per the filing, the NCDs will carry a coupon rate of 7.01% per…
Foodtech giant Swiggy has received board approval to raise up to ₹10,000 crore (approximately $1.1 billion) through a combination of public and private market issuances, as the company looks to strengthen its financial position and accelerate its quick commerce operations. The fundraising may be conducted in multiple tranches, potentially through a Qualified Institutions Placement (QIP) or other instruments permitted under Indian regulations. Swiggy’s shareholders’ approval is pending, and the company is expected to convene an Extraordinary General Meeting (EGM) soon to formalize the plan. Strong Financial Position Ahead of Market Expansion While the timeline for the fundraising has not been…
Mumbai-based robotics startup Miko has raised $10.5 million (around ₹93.5 crore) in a fresh funding round led by iHeartMedia, the American audio media giant. The funding follows Miko’s $15.8 million Series D round in October last year, which saw participation from IvyCap Ventures Advisors and other investors. As part of this latest collaboration, Miko will integrate iHeartMedia’s extensive audio content into its smart robots, enhancing interactive learning and entertainment experiences for children worldwide. AI Meets Emotional Intelligence in Robotics Founded in 2015 by Sneh Vaswani, Prashant Iyengar, and Chintan Raikar, Miko.ai builds emotionally intelligent robots designed to educate, engage, and…
Vedanta Resources, the London-headquartered mining and metals conglomerate, has announced a $1.5 billion investment to launch CopperTech Metals Inc., a US-domiciled subsidiary designed to enhance America’s copper independence and accelerate its clean energy ambitions. The new entity will own and operate Vedanta’s Konkola Copper Mines (KCM) in Zambia, one of the world’s richest copper deposits, boasting ore grades of 2.9%—nearly four times the global average. Priya Agarwal-Hebbar, Director at Vedanta and Chairperson of Hindustan Zinc, will head CopperTech Metals as Chairperson. Scaling Copper Output for the Energy Transition CopperTech Metals will focus on scaling Vedanta’s copper production from 140,000 tonnes…
Bengaluru-based energy-tech startup Exponent Energy, backed by Pawan Munjal’s family office, has unveiled ‘Exponent Oto’, a breakthrough retrofit solution designed to convert internal combustion engine (ICE) three-wheelers into electric vehicles (EVs). Built around Exponent’s proprietary battery system capable of full charge in just 15 minutes, the retrofit aims to transform up to 2–2.5 million autorickshaws across India’s top 20 cities, targeting the most accessible segment of India’s 8–10 million-unit three-wheeler fleet. Rapid Conversion and Cost Savings for Drivers Exponent’s retrofit process replaces all fuel-based engine components, significantly cutting weight and enabling quick installation of the company’s electric powertrain. According to…
Global investment firm Tiger Global (Internet Fund III Pte Ltd) has completely exited its position in Ather Energy, the Bengaluru-based electric two-wheeler manufacturer, through open-market transactions conducted on November 6, 2025. According to exchange data, the fund sold its entire 5 percent stake, equivalent to 1.93 crore shares, fetching a total of ₹1,204 crore. Tiger Global offloaded 1 crore shares on the NSE at an average price of ₹623.56 and another 93 lakh shares on the BSE at ₹620.45 per share. Bulk Deals and Market Activity The transactions also witnessed activity from IRAGE Broking Services LLP, which bought 22 lakh…
In a country where a vehicle breakdown can derail an entire day, two founders decided the solution wasn’t more garages it was more trust. Ride N Repair, known for reshaping doorstep vehicle servicing, has announced the acquisition of Apna Mechanic, one of India’s most established franchise-based garage networks. This move marks the formation of India’s largest AI-enabled vehicle repair ecosystem. A Startup Born on the Roadside Ride N Repair didn’t begin in a boardroom. It started with riders stranded on highways, looking for a mechanic who may never show up. That idea to connect them instantly with help grew into…