Team VS

A mobile app called EleFant has raised Rs 6 crore, which is about $750K. Venture Catalysts and Malpani Ventures led the round, which also included a number of well-known investors and family offices.

A wellness brand called Amocare has raised $400,000 in a pre-seed round led by FAAD Network and AngelBay Holdings.

The Indian venture capital company Dallas Venture Capital led a Series A funding round that raised Rs 42 crore ($5 million). This was for the enterprise spend management platform Dice.

Aerospike, a database solutions company based in California, has hired Venkatesh Guntur as its new country manager for Southeast Asia.

New York-based Matter Motor, a company that makes electric vehicles and stores energy, said it had raised $35 million in a Series B round led by US-based venture capital firm Helena.

Koo, an Indian competitor to Twitter (now X), is shutting down after collecting more than $50 million.

Emcure Pharmaceuticals on Tuesday said it had garnered Rs 583 crore from anchor investors a day before its initial share-sale offer opening for public subscription.

A blockchain-based AI company called Sentient has raised $85 million in a seed round led by Panera Capital, Framework Ventures, and Peter Thiel's Founders Fund.

Olympian PV Sindhu has put money into The Hoop D2C wellness brand, which is his second investment in the Indian startup environment.

BITS Pilani, an institution known for its commitment to innovation, has signed a five-year Master Research Agreement (MRA) with Mercedes-Benz Research and Development India Private Limited (MBRDI) for advanced technology research.