Insight

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With participation from CIIE (IIMA Ventures), Foundation Botnar, 9 Unicorns, Venture Catalysts, and Insitor Impact Asia Fund II, Butterfly Learnings, a technology-enabled behavioral health solution for children, secured Rs 32 crore in its Series A round.

Elon Musk, the CEO of American electric car manufacturer Tesla, put an end to all the rumours on Wednesday by confirming his visit to India in a post on X (formerly Twitter).

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At the fitness business Cultfit, cofounder and previous CEO Mukesh Bansal has been promoted to chairman and Naresh Krishnaswamy has been named CEO.

Landscaping startup, Garden of Joy has raised INR 84 Lakhs in a Seed Round led by Inflection Point Ventures.

Recykal, a waste management and processing firm, has raised INR 110 Cr (about $13.2 Mn) from 360 ONE Asset Management as part of its Pre-Series B fundraising round.

Edtech startup Scaler has laid off around 150 employees emphasising sustainability and future expansion. Since its founding in 2019, this is the first time the Bengaluru-based company has experienced layoffs.

Zetwerk, a manufacturing services company, plans to increase its production capacity for laptops, smartphones, wearables, and telecom equipment by investing about ₹1,000 crores.

The venture capital firm Cornerstone Ventures announced the opening of its second fund, which has a $200 million target amount and a $50 million greenshoe option.