Team VS

Optiemus Infracom, a manufacturer of wearables and telecom equipment, is seeking to raise approximately Rs400 crore to expand its manufacturing operations and improve its brand reputation in preparation for entering the market of producing and selling screen protectors and mobile phone cover glass.

Hospitality major OYO has reportedly acquired Paris-based premium rental homes company Checkmyguest for INR 230 Cr ($27.4 Mn) in a cash and stock transaction, just a few days after raising INR 1,457 Cr (approximately $175 Mn) in a down round.

The incoming CEO of Starbucks has the potential to earn more than $100 million in his initial year with the firm through a contract that includes several performance-based incentives.

Krutrim, the artificial intelligence (AI) initiative of Ola, aims to create India's inaugural AI silicon chips by 2026. These chips would be specifically engineered to handle intricate AI activities and workloads.

The Chief Product Officer (CPO) of Freshworks, a SaaS company listed on Nasdaq, has resigned from his position after nearly five years in order to pursue a different professional opportunity.

In the initial segment of its recently launched CAT-I alternative investment fund (AIF), India Discovery Fund II, Mumbai-based venture capital firm 35North Ventures has raised Rs 100 crore.

Flexi loans, a digital lending platform for small businesses, is in discussions with a number of significant global and domestic investors to raise approximately Rs 300 crore ($35 million) in a new equity round, according to two well-informed sources.

The DBS Foundation is currently accepting applications for its 2024 Grant, which offers financial support to businesses that are purpose-driven and innovative in their approach to addressing urgent social issues throughout Asia.

Six Sense Mobility, a Mumbai-based smart mobility company, has secured Rs 6 crore in its initial round from Piper Serica VC, an angel investment firm.

Zepto, a quick commerce startup, has effectively raised $340 million in a new funding round, resulting in a valuation of the three-year-old company at $5 billion.