TCR News Desk

Noida-based Redcliffe Labs is acquiring Pune's Megavision Diagnostics Centre for approximately ₹40 crore, adding two MRI-equipped centres in Pimpri-Chinchwad to its integrated diagnostics network. The deal marks Redcliffe's first strategic foothold in western India.

Accel has closed its ninth India-focused fund at $550 million, oversubscribed within weeks, as part of a broader $3.5 billion global fundraising effort. The fund will target pre-seed to Series A investments across AI, fintech, consumer internet and advanced manufacturing.

Cars24 has launched Deployment Inc with a $5 million corporate investment, positioning it as India's first forward-deployed enterprise AI company. Co-founded by Jayesh Gupta and Aayush Gupta, the startup will embed engineering teams inside client organisations to take AI from pilot to production.

Pune-based FreightFox has raised ₹5 crore in a strategic funding round led by HighLeaf, with participation from Vijender Yadav, Puru Gupta, and Aeravti Ventures. The capital will fuel enterprise sales expansion and the startup's entry into international markets.

Bengaluru-based MedTech startup Ayati Devices has raised ₹15 crore in a Pre-Series A round led by Inflexor Ventures to accelerate commercialisation of its AI-driven diabetic foot diagnostic technologies. The round marks the company's first institutional investment.

Bengaluru-based Vecton AI has raised ₹6 crore in a pre-seed funding round led by Zeropearl VC to accelerate AI transformation for financial institutions. The round also saw participation from undisclosed startup founders and operators.

Discovered Materials, an IIT Madras-founded deep tech startup, has raised $9 million in a Seed round led by Lightspeed India Partners to build AI agents that discover and accelerate the adoption of new materials for semiconductor chips. The round also drew participation from Y Combinator, Peak XV Partners, and prominent angel investors.

Molbio Diagnostics has launched its ₹939.70 crore IPO on August 10, 2026, with a price band of ₹768–₹807 per share and a targeted listing date of August 17, 2026 on BSE and NSE. The Goa-based molecular diagnostics company plans to deploy fresh issue proceeds toward R&D infrastructure and manufacturing expansion.

Shiprocket, India's leading e-commerce enablement platform, launches its ₹1,617.48 crore IPO with anchor investor bidding on 11 August 2026 and public subscription opening 12 August at a price band of ₹92–₹97 per share. Shares are targeted to list on both NSE and BSE on 19 August 2026.

Milky Mist Dairy Food Limited has launched its ₹1,553 crore IPO, with anchor bidding on August 10 and public subscription open from August 11–13, 2026. The book-built issue is priced at ₹133–₹140 per share, with proceeds earmarked for debt repayment, manufacturing expansion, and cold-chain infrastructure.

Bengaluru-based D2C athleisure brand BlissClub has raised ₹160 crore (~$16.8 million) in a Series B round led by Singularity AMC, with participation from Elevation Capital, Eight Roads Ventures, founder Minu Margeret, and Vidit Aatrey. The capital will fund offline retail expansion, new product categories, and talent hiring.

Mumbai-based dosa QSR chain Benne has raised ₹35 crore in a Pre-Series A round led by Ranjan Pai's Claypond Capital, with participation from AL Trusts, Mukul Agrawal, Madhukeshwar Desai, and Cortado Advisory Services. The capital will be deployed towards expanding the company's operations and supporting its growth plans.