Insight

Go Zero, an ice cream brand has secured $1.5 million in its follow-on pre-Series A funding round. The round was led by DSG Consumer Partners, Saama, and V3 Ventures, among others.

In its Series A round, Supermoney, a digital lending platform that specialises in small and medium-sized enterprises (SMEs), has secured $3.4 million (Rs 28.6 crore) from Capital 2B and Capria Ventures.

Genspark, an artificial intelligence search startup established by former Baidu executives, has secured $60 million in an oversized initial funding round.

The Pant Project, a direct-to-consumer (D2C) fashion brand that specialises in custom-made and ready-to-wear trousers for all occasions, has secured $4.25 million in a series-A round.

Abhijit Dubey has been appointed as the Chief Executive Officer of NTT Data's business outside of Japan, a global technology services company.

Dvara Kshetriya Gramin Financials (Dvara KGFS), a financial services company that specialises in rural areas, has secured $7 million in debt through external commercial borrowings from Enabling Qapital.

Ananta Capital acquired a 55% stake in Anveya Living for an undisclosed sum. D2C brands such as Anveya, Curlvana, ThriveCo, and others are housed within the organisation, which provides cosmetics and haircare solutions.

The global venture capital firm Lightspeed and the Sanjay Nayar-founded Sorin Investments have jointly raised Rs 100 crore in equity for the Noida-based Shivalik Small Finance Bank.

In a funding round sponsored by Elevation Capital, Maxim AI, which assists developers in the evaluation and monitoring of their artificial intelligence applications, has secured $3 million.

UGRO Capital Limited, an NBFC that concentrates on micro, small, and medium-sized enterprises (MSME), raised Rs 1,265 crore.