Insight

Hyperbots, a financial and accounting AI firm, has successfully secured $2 million in its initial funding round. The round was led by Kalaari Capital, with participation from Sunicon Ventures and Athera Venture Partners.

EtherealX, an Indian space business, has secured $5 million in a seed investment round to support the development of entirely reusable medium-lift launch vehicles. The company aims to make satellite launches more cost-effective and time-efficient.

Unicommerce, a software-as-a-service (SaaS) company that specializes in retail and e-commerce enablement, has raised Rs 124.5 crore from its anchor investors, only one day before its initial public offering (IPO).

Instawork, a supplier of flexible employment solutions, has acquired Able Jobs, a company supported by Y Combinator and Elevation Capital, in order to enhance its range of products.

Smart Joules, a leading company in energy efficiency technologies, has announced the selection of Mr. Gaurav Kejriwal as its new Chief of Product and technologies Officer (CPTO)

Brainbees Solution, the company that owns the multi-channel retail network for maternity and infant products called FirstCry, has secured Rs 1,885.8 crore (roughly $224.48 million) in funding before its Rs 4,194-crore public offering.

Punch, a platform for stock broking, has secured $7 million in seed funding from Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital.

Juleo, a dating app that aims to solve the problem of matchmaking difficulties, has recently secured $2.5 million in funding after a successful funding round.

The Ola Electric Mobility IPO was fully subscribed on the second day of bidding. The employee component had the highest subscription rate, at 8.98 times.

Anshumaan Prasad has been named as the new Head of Marketing at NIIT. He will spearhead the marketing plan to stimulate growth and bolster the brand's industry prominence.