Team VS

A former bureaucrat who retired as India's defense secretary in 2022, Ajay Kumar, has entered the venture capital industry.

Japan-based Mynavi Corporation has invested Rs 203.5 crore or $24.5 million in Bengaluru-based HR tech startup Awign. As a result, Mynavi Corporation will now possess a 73% stake in the company.

Grameen Foundation for Social Impact, a non-profit organization that is committed to enhancing the lives of impoverished individuals, particularly women, partners with Open Network for Digital Commerce (ONDC).

Umwelt.AI, a premier provider of AI-powered employee experience management and people analytics solutions, is pleased to announce the appointment of Sunil Joshi as Chief Operating Officer & Co-Founder.

Zomato, a food delivery company headquartered in Gurugram, has discontinued its hyperlocal goods distribution service, 'Xtreme', due to insufficient demand.

Lobb, a digital goods brokerage platform headquartered in Bengaluru, has secured $2.9 million in a financing round that was spearheaded by a number of distinguished investors, including Rajesh Voddiraju and Sharada Nandakumar, the CEO of Voya India.

Rajan Anandan, the managing director of venture capital firm Peak XV Partners, disclosed on Thursday that the firm has "approximately Rs 16,000 crores of dry powder" readily available for investment in businesses.

Let's Try, a direct-to-consumer (D2C) snacks brand, has received an undisclosed sum of funding in a round sponsored by Wipro Consumer Care Ventures, the venture capital arm of Wipro Consumer Care & Lighting.

AstraZeneca India Private Limited disclosed a $30 million (Rs 250 crore) investment to enhance its Global Innovation and Technology Centre (GITC) in Tamil Nadu.

Agritech startup Arya.ag has secured an estimated Rs 242.36 crore ($29.2 million) in funding from its current investors. It is the organization's initial investment round since January 2022, which is situated in Noida.