Networking platform for angel investments Over 250 investors have joined We Founder Circle's (WFC) GIFT City Fund, which secured $10 million (roughly INR 83 Cr).

Equanimity Ventures and Kotak Alternate Asset Managers led a pre-Series A funding round that brought $1.5 million to the healthtech firm Monitra Health.

Coworking space firm BHIVE has strengthened its support for the rapidly expanding coworking and fintech industries by acquiring product-engineering company Praemenio.

By contributing an additional Rs 42 crore to GoApptiv, the Indian pharmaceutical major Cipla has advanced its efforts in the field of digital health.

Bicara Therapeutics, a clinical-stage biotechnology firm, has announced the completion of an oversubscribed $165 million Series C fundraising. The company develops dual-action biologics to elicit a powerful and lasting immune response.

Impact investor Asha Ventures has secured Rs 400 crore, or roughly $48 million, in preparation for its debut fund, which will have a Rs 750 crore (or roughly $90 million) total capital.

M2P Fintech, a provider of financial systems, has purchased Goals101, a big data analytics platform.

Scale, a platform that offers distribution as a service, has raised $375K in a pre-seed fundraising round led by First Cheque. Other investors in the round include Abhishek Goyal, Mekin Maheshwari, and Revant Bhate, as well as Matrix Partners India DeVC and Relentless VC.

SWC Global and IvyCap Ventures co-led a Series A financing round with a total value of INR 110 crore for the fashion D2C firm Snitch.