Insight

IIT-Madras will provide up to Rs 5 crore in funding to support innovative sports technology start-ups in India.

CirclePe, a fintech firm, raised over $1 million in its pre-seed funding round, which was led by OTP Ventures.

The consumer-focused insurtech company CoverSure has secured $4 million in a pre-series A investment led by Enam Holdings.

Japanese petroleum company ENEOS Oil & Energy Asia has invested Rs 116 crore ($14 million) in the Series C round of B2B delivery and shared mobility startup Zypp Electric.

Karnataka Skill Development Corporation (KSDC) and the education provider Veranda Learning Solutions have partnered to support the implementation of the Wealth Management Course.

Sauce Ventures, a consumer-focused investor that has supported the healthy food business Mokobara and modern baggage brand Mokobara, has opened its third fund with an aim to raise Rs 250 crore.

Mynvax, a biotech business, has successfully completed an expanded Series A round led by Inviga Healthcare Fund, raising around Rs 21.63 crore ($2.6 million).

Google has contributed to Flipkart's $1 billion funding round, which began in December 2023. Google will become a minority investor in the company, it announced on Friday, after confirming the transaction.

Vaaree, a startup in home furnishings and decor, had raised Rs 20.78 crore ($2.5 million) in a pre-Series A round headed by Capier Investments, in which Peak XV's Surge Ventures participated.

Dvara Kshetriya Gramin Financials, a Non-banking financial company, had raised $10 million in debt funding from BlueOrchard Microfinance Fund.