Hero MotoCorp, the leading two-wheeler manufacturer, has made a decisive move into the electric three-wheeler market with a strategic INR 525 crore ($60 million) investment in Euler Motors. This investment in the electric three-wheeler sector strengthens Hero MotoCorp’s position in the market. It highlights the growing significance of EV expansion. The deal includes Equity Shares and Series D Compulsory Convertible Preference Shares, granting Hero MotoCorp a 32.5 percent stake in Euler Motors on a fully diluted basis. Additionally, the investment may include acquiring shares from existing Euler Motors shareholders, with...

Pune-based SaaS unicorn Icertis has filed a Form D with the US Securities and Exchange Commission (SEC) to raise $50 million, reinforcing its leadership in the SaaS industry. This latest funding move aligns with the company's aggressive expansion strategy and increasing global demand for AI-driven contract lifecycle management (CLM) solutions. Founded in 2009 by Samir Bodas and Monish Darda, Icertis has revolutionized enterprise contract management with its Icertis Contract Intelligence (ICI) platform. The AI-powered solution helps businesses enhance compliance, mitigate risk, and improve operational efficiency. Fortune 500 companies across industries,...

Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop, has secured $40 million in Series E funding to accelerate its global expansion and luxury fashion retail growth. The round included secondary investments led by SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Bajaj Holdings & Investment, and Minerva Ventures Fund. Several major investors participated, including S Four Capital, Sopariwala Exports, Kemfin Family Office, Cordelia Family Trust, Weikfield Family Office, and Salil Taneja Family Office. This latest Series E funding will drive Purple Style Labs’ aggressive global...

Zolve, the cross-border neobank, has secured $251 million in Series B funding, including $51 million in equity and $200 million in debt, to enhance its credit offerings, accelerate global expansion, and redefine financial services for internationally mobile individuals. The funding was led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors such as Accel, Lightspeed Venture Partners, Sparta Group, and DST Global. Zolve has raised $406 million in equity and debt funding to date. The cross-border neobank specializes in providing financial services...

Infinite Uptime, a pioneering provider of predictive maintenance solutions, has secured $35 million in a Series C funding round to expand its presence in the US and international markets in manufacturing by leveraging AI, advanced sensors, and industrial automation while focusing on global expansion to enhance operational efficiency. The funding round, led by Avataar Ventures with participation from StepStone Group, LGVP, Tiger Global, and GSR Ventures, brings the company’s total capital raised to $65 million since its inception in 2015. The manufacturing industry has long struggled with outdated machinery and...

Leap Finance, an overseas education-focused edtech platform, has raised a $100 million debt facility from HSBC under its ASEAN Growth Fund, reinforcing its mission to provide education loans for international students pursuing higher education and study abroad opportunities. This strategic funding will enable the company to expand its lending portfolio, strengthen its presence in India, and extend its services to additional US states while fostering new university partnerships. “Our mission is democratizing students’ access to global education and careers. Lack of financing is often the largest impediment to their global...

Darwinbox, a leading HR technology platform, has secured $140 million in funding to accelerate global expansion, enhance AI-powered solutions, and revolutionize human capital management, workforce management, and digital transformation for businesses worldwide. The funding in the AI-powered human capital management (HCM) platform was co-led by global investment firms Partners Group and KKR. This investment will accelerate the company’s global expansion and enhance its AI-driven product innovation. Gravity Holdings also participated in the round. “This investment is a testament to Darwinbox’s strong fundamentals and the trust we have earned from our...

Spacetech startup Sisir Radar has raised $1.5 million in seed funding to advance SAR technology, strengthen its R&D capabilities, and develop a high-resolution SAR satellite for defense applications, including specialized solutions for the Indian Air Force. The seed round was led by Shastra VC, with participation from Riverwalk Holdings and INVSTT. The Kolkata-based company, known for its advanced Synthetic Aperture Radar (SAR) technology, plans to use the capital to enhance its research and development (R&D) and manufacturing capabilities. With this, it aims to launch the world’s highest-resolution L-band SAR satellite...

FanTV, an AI-powered content platform on the Sui blockchain, has secured $3 million to revolutionize digital content creation by expanding its creator network, enhancing its monetization model, and introducing personalized Creator Coins to empower global creators. FanTv got the funding from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital. With this investment, the company aims to enhance AI tools, expand its global creator network, and drive user growth. Founded in 2023 by former Gaana CEO Prashan Agarwal, FanTV empowers creators with advanced AI tools to produce digital content, including...

Bengaluru-based Vidyut has raised $2.5 million from global fintech investor Flourish Ventures to accelerate its Battery-as-a-Service (BaaS) model in passenger and commercial electric vehicles (EVs) to make EV ownership affordable and risk-free for businesses by reducing the upfront cost of electric vehicles through its innovative pay-per-km model, helping drive India’s transition to clean energy. Founded in 2021 by Xitij Kothi and Gaurav Srivastava, Vidyut revolutionized EV financing by unbundling batteries from vehicles. This approach allows buyers to subscribe to batteries on a pay-per-km basis, cutting the upfront cost of three-wheeler...