Team VS

Welspun One, an integrated fund and development management platform, announced the successful closure of its second fund totaling ₹2,275 crores, inclusive of co-investment commitments.

On Saturday, the board of Bandhan Bank, a private sector lender, authorized the appointment of Ratan Kumar Kesh as the temporary Managing Director and Chief Executive Officer of the bank, starting from July 10.

Atul Gupta, a former partner of Premji Invest, has established Trident Growth Partners, a venture capital firm focused on investing in startups in several industries including consumer, financial services, enterprise software, technology, etc.

Niraamaya Life, an Indian health business that prioritizes digital platforms, has announced the appointment of Ashwani Gandhi as its new CEO.

Care.fi, a fintech startup with a focus on healthcare, has secured $2 million (equivalent to Rs 16 crore) in debt capital from Trifecta Capital. Additionally, it has received an extra $0.6 million (equivalent to Rs 5 crore) from UC Inclusive Credit.

HCLTech, a leading global technology company, announced that Roshni Nadar Malhotra, Chairperson, HCLTech has been conferred the "Chevalier de la Légion d’Honneur" (Knight of the Legion of Honour) by France.

BlackBuck, a truck aggregator supported by Accel and Flipkart, has submitted the draft red herring prospectus to the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) to generate Rs 550 crore by issuing new shares.

The Adani Group, headquartered in Ahmedabad, intends to generate 7,500 to 10,000 employment opportunities by investing $9 billion in constructing infrastructure for its green hydrogen project in Kutch, Gujarat.

iVP Semi has successfully raised $5 million in pre-Series A fundraising. The funds will be used to establish a strong presence in India, expand operations, establish testing facilities, and launch marketing efforts.

Pepperfry, an omnichannel furniture retailer, has decided to postpone its initial public offering (IPO) plans after consulting with financiers for the past year in preparation for the public market.