The Courtroom

BikeWo Green Tech has signed a Memorandum of Understanding to acquire a majority stake in ENlite EV Care, an electric vehicle service and maintenance company. The deal aims to expand BikeWo's integrated electric mobility ecosystem with organised servicing, maintenance, and lifecycle support.

Mumbai-based fintech Mintoak has acquired Dubai-headquartered ICC Loyalty, expanding its payments and engagement operating system for banks across the Middle East, Africa, Eastern Europe and Asia. Financial terms of the deal were not disclosed.

Bengaluru-based AI startup Profound has raised $1.5 million in a seed round led by Stellaris Venture Partners and 3one4 Capital. Co-founded by former Swiggy and Zomato executives Anuj Rathi and Prashant Parashar, the platform aims to give every professional their own AI-powered representative.

Pune-based legal AI startup NYAI has closed a $1.5 million seed round led by a consortium of prominent Indian family offices, with participation from strategic angel investors. The capital will be directed towards technology development, expanding its Indian legal corpus, and accelerating enterprise deployment.

MV Electrosystems Limited has launched a ₹290 crore mainboard IPO on BSE and NSE, open from July 30 to August 3, 2026, priced at ₹400–₹425 per share. The Faridabad-based railway electronics firm plans to deploy the proceeds towards long-term working capital and in-house R&D.

Quick commerce unicorn Zepto has sealed a pre-IPO private placement of ~₹1,000 crore at a valuation of ~$4.5 billion, deferring its planned public listing to prioritise business execution and strengthen its balance sheet.

Kaapi Machines, a Bengaluru-based coffee equipment and services provider, has raised ₹50 crore from Sedna HoReCa in its first-ever external equity funding round. The strategic investment will fuel product portfolio expansion, local manufacturing, and technology upgrades as the company targets ₹150 crore in revenue for FY27.

Quest Global Engineering Services has made a strategic investment in Lavni Ventures Fund II, a Bengaluru-based SEBI-registered deeptech impact fund targeting early-stage startups in climate, energy, and health. The deal marks one of the fund's largest commitments to date, as publicly reported on 2026-08-03.

Enterprise agentic AI startup SuperManager AGI is in an active ₹50 crore acquisition process with an undisclosed Fortune 100 global firm, as publicly reported on 2026-08-03. The proposed deal would transfer the startup's proprietary technology stack to the acquirer, with the founding team expected to join to scale the platform globally.

RoadGrid India has secured ₹13 crore in financial assistance from the Technology Development Board (TDB) under the Department of Science and Technology (DST), Government of India, as part of a ₹27.5 crore project to establish a manufacturing facility for its patented Universal EV Charger. The facility is targeted to reach an annual production capacity of 2,000 chargers by March 2027.

Pune-based EV powertrain and motor maker Matel Motion & Energy Solutions has raised ₹130 crore in a Series B round led by UC Impower, with Catamaran joining the cap table as a new investor. The capital will be deployed toward manufacturing expansion, R&D, and international growth.

Quest Global Engineering Services Ltd has made a strategic investment in Lavni Ventures Fund II, a SEBI-registered Category II alternative investment fund focused on early-stage, science-led startups. The deal, announced on 3 August 2026, marks one of the fund's largest single commitments to date.