Insight

Torrent Pharmaceuticals Ltd. is thinking of collecting up to $3 billion from international banks in order to purchase a majority stake in JB Chemicals & Pharmaceuticals Ltd.

In order to achieve its goal of having 10,000 electric vehicles in its fleet for last-mile deliveries by 2025, Amazon India established a strategic alliance with the electric mobility company Gentari for its EV deployment program.

Innoviti, a provider of point of sale (PoS) and payment gateways, with debt and equity of Rs 70 crore ($8.5 million).

In a pre-Series A funding round headed by Unicorn India Ventures, EyeROV, a marine robotics deeptech business offering products and solutions in the undersea sector, raised Rs 10 crore, or $1.2 million.

The world's largest P&C insurance company, HDFC ERGO General Insurance, has announced that it has partnered with Xceedance.

Pakka Limited, a manufacturer of compostable food packaging solutions, has successfully raised Rs 244.7 crore to enhance its research and development activities and expand its production plant.

MiClient, a B2B sales enablement platform powered by artificial intelligence, has successfully secured Rs 3.9 crore in its initial fundraising round.

Skydo, a business specializing in cross-border payments, has successfully secured $5 million in a recent equity round. The funding was primarily driven by Elevation Capital, with additional contributions from several angel investors.

Ather Energy, a manufacturer of electric scooters, has achieved unicorn status by securing an investment of Rs 600 crore ($71 million) from its existing investor, the National Investment and Infrastructure Fund (NIIF).

Halden, a luxury men's brand located in Mumbai, has secured 5 crore rupees in a seed funding round, with Prajay Advisors as the leading investor.