Startup funding

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

Ashish Kacholia of Lucky Investments led the $6.5 million pre-Series A1 fundraising round for quantum-Safe data security platform QNu Labs.

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.

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.

To assist ChargeZone in expanding its network of cloud-enabled EV chargers, the Indian firm has received funding from Macquarie Capital, the main investment arm of Australia's Macquarie Group.

Sarvam AI, an Indian startup in Generative AI founded by Vivek Raghavan and Pratyush Kumar, has announced that it is raising $41 million in Series A round. This funding, led by Lightspeed and supported by Peak XV Partners and Khosla Ventures, represents the largest raise at this stage for an Indian AI startup.

VoiceClub is an on-demand audio consultancy platform. In a seed fundraising round led by Better Capital, it also raised $700,000 from the creators of Kutumb, Dhan, PagarBook, Flobiz, and Khatabook, as well as TDV Partners, Blume creators Fund, Sunn91, and Astir Ventures.

Red Fort Capital announces disbursement of Rs 2.05 Cr as a working capital loan and invoice discounting facility to Centech Engineers Private Limited (“Centech Engineers”). These facilities will help Centech Engineers maintain cash flow, enabling the business to cover its expenses, invest in growth opportunities, meet financial obligations, and complete its work orders.