1. Tonbo Imaging Secures IPO Nod After Refilling Draft Papers
Defence technology company Tonbo Imaging has received approval to proceed with its initial public offering (IPO) after refiling its draft offer documents. The company, which develops advanced imaging and electro-optical systems for defence applications, is expected to move ahead with the next stages of its public listing process.
2. Cars24 Eyes April 2027 Reverse Flip Ahead of IPO Filing
Used-car platform Cars24 is reportedly targeting April 2027 for a reverse flip of its corporate structure as it prepares for a potential IPO. The move would involve shifting its corporate domicile back to India ahead of a possible public-market listing.
3. Prosus in Talks to Invest ₹150 Crore in Bazaarnow
Prosus is reportedly in discussions to invest around ₹150 crore in Bazaarnow, a startup operating in the quick-commerce and grocery delivery space. The proposed investment comes as competition intensifies among platforms targeting the rapidly growing instant-delivery market.
4. Balwaan Krishi Raises ₹100 Crore in Series B Funding
Agritech company Balwaan Krishi has raised ₹100 crore in a Series B funding round. The company is expected to deploy the fresh capital towards expanding its agricultural machinery portfolio, strengthening distribution and scaling its presence across the Indian market.
5. AÏZA by Amaani Raises $5 Million in Funding
AÏZA by Amaani has raised $5 million in a funding round led by BECO Capital. The company plans to use the fresh capital to support business expansion, strengthen its operations and accelerate growth in its target markets.
6. IIT Madras-Backed Deeptech Fund Raises ₹450 Crore in First Close
An IIT Madras-backed deeptech investment fund has raised ₹450 crore in its first close. The fund has already deployed ₹55 crore across four startups and is expected to back early-stage companies developing deep technology solutions.
7. Anmol Industries Seeks $188 Million Through IPO
Indian biscuit manufacturer Anmol Industries has filed draft documents to raise around $188 million through an initial public offering. The proposed listing will provide the company with access to public capital as it looks to support its growth and expansion plans.
8. ED Attaches ₹442 Crore Assets in Rummyculture Case
The Enforcement Directorate (ED) has attached assets worth ₹442 crore in connection with the Rummyculture case. With the latest action, the total value of assets attached in the case has reportedly reached ₹2,843 crore.
9. Supreme Court Declines Stay on UPI MDR Rollout
The Supreme Court has declined to stay the rollout of a Unified Payments Interface (UPI) merchant discount rate (MDR) framework and has sought responses from the Centre, Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) on the related plea. The matter concerns the proposed changes to the economics of UPI transactions.
10. Alive App Raises $1 Million from Powerhouse Ventures and Flipkart Ventures
Health and wellness platform Alive App has raised $1 million in funding from Powerhouse Ventures Partners and Flipkart Ventures. The company plans to use the capital to expand its platform and strengthen its operations as it scales its business.
11. TakeMe2Space to Launch Orbital Data Centre in 2028
Space technology startup TakeMe2Space plans to launch an orbital data centre in 2028 aboard a SpaceX Falcon 9 mission. The proposed infrastructure is aimed at enabling data processing and storage capabilities in orbit, reflecting growing interest in space-based computing infrastructure.
