Mintoak Raises ₹80 Cr Venture Debt from BlackSoil to Fund ICC Loyalty Acquisition
Mumbai-based fintech SaaS startup Mintoak has secured ₹80 crore in venture debt from alternative credit platform BlackSoil to finance the debt component of its acquisition of Dubai-based loyalty and rewards technology company ICC Loyalty. The deal expands Mintoak's banking partnerships to over 50 institutions across more than 20 countries.
HomeRun Raises $12M Series A+ Led by Nexus Venture Partners to Scale Construction Materials Quick Commerce
HomeRun, a Bengaluru-based quick commerce platform for construction and interior materials, has raised $12 million in a Series A+ round led by Nexus Venture Partners. The round also saw participation from existing investors Sorin Investments, Titan Capital, Sparrow Capital, and Consumer Collective by Atrium.
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Mumbai-Based Mintoak Acquires Dubai’s ICC Loyalty to Build Unified Payments & Engagement OS for Banks
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.
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Profound Raises $1.5M Seed Round Led by Stellaris Venture Partners and 3one4 Capital to Build AI Rep for Every Professional
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.
Legal AI Startup NYAI Raises $1.5M Seed Round from Indian Family Offices
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 Raises ₹290 Crore via BSE/NSE Mainboard IPO
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.
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QOSMIC Raises $3.33M in Seed Funding to Build Next-Gen Satellite Optical Communications
Bengaluru-based spacetech startup QOSMIC has raised $3.33M in a seed round led by Accel and Prosus to develop and commercialise laser-based optical communication systems for satellites. The company aims to address the growing data bottleneck in low Earth orbit with field-validated technology.
Sherlocks AI Raises Rs 7.5 Cr in Pre-Seed Round Led by SenseAI Ventures
Bengaluru-based Sherlocks AI has raised Rs 7.5 Cr (~$900K) in a pre-seed funding round led by SenseAI Ventures, with participation from Upekkha, to expand its AI-native incident management platform into North America.
Orange Health Labs Raises Rs 277 Cr in Series C Round Led by Iron Pillar India
Bengaluru-based diagnostics startup Orange Health Labs has raised Rs 277 Cr (~$30M) in a Series C round led by Iron Pillar India, with participation from Crescent Enterprises, Bertelsmann, Accel India, and others, as the company targets multi-city expansion and profitability by 2028.
Mitigata Raises $15M in Series B Round Led by Bessemer Venture Partners
Bengaluru-based cyber resilience startup Mitigata has closed a $15M (~Rs 141 Cr) Series B round led by Bessemer Venture Partners, with participation from Nexus Venture Partners, Titan Capital, and WEH Ventures. The funds will drive international expansion and domestic team growth.
BharatTender Raises Rs 1.25 Cr in Pre-Seed Round to Digitise B2B Procurement in India
BharatTender, an India-based AI-powered B2B procurement platform, has raised Rs 1.25 crore (~$150,000) in a pre-seed funding round from an undisclosed angel investor, as publicly reported on 23 June 2026.
LiLLBUD Raises Rs 6 Cr in Seed Round Led by Zeropearl VC to Scale Early Learning Toys
Gurugram-based early-learning toy brand LiLLBUD has secured Rs 6 Cr (approximately $720K) in a seed round led by Zeropearl VC, with marquee angel investors including Kunal Shah and Abhishek Bansal joining the round.
NSE Files DRHP for Long-Awaited IPO: OFS of 14.89 Crore Equity Shares
The National Stock Exchange of India has filed its Draft Red Herring Prospectus with SEBI for a landmark IPO structured entirely as an Offer for Sale of 14.89 crore equity shares, with no fresh capital to be raised by the exchange itself.
Crizac Acquires 37.41% Stake in ForeignAdmits for Rs 1.25 Cr in Strategic Tech Deal
NSE/BSE-listed Crizac Limited has acquired a 37.41% minority stake in ForeignAdmits for Rs 1.25 crore (~$0.13M), deepening its push toward a full-stack international student mobility platform through the integration of ForeignAdmits' fintech and visa tools.
Recykal Raises $23M Bridge Round Led by Ajay Parekh of Pidilite Industries
Hyderabad-based digital waste management platform Recykal has raised a $23M bridge round, with Ajay Parekh of Pidilite Industries leading the primary investment, as publicly reported on June 20, 2026. The round values the company at approximately $280M post-money and will fund global expansion and circular economy initiatives.
Reliance Jio Eyes $4B IPO in What Could Be One of India’s Largest-Ever Public Offerings
Reliance Jio Infocomm is widely reported to be on the verge of filing its Draft Red Herring Prospectus for a $4 billion IPO — structured entirely as a fresh issue — ahead of the Reliance Industries AGM on June 19, 2026. As of June 17, no official SEBI confirmation had been publicly disclosed.
100×100 Launches $100M Fund II to Build 50 Climate Startups Across India and Southeast Asia
Singapore-based climate venture builder 100×100 has launched Fund II with a $100M target, aiming to build 50 new climate companies from scratch across India and Southeast Asia. Commitments for the new fund have not yet been publicly disclosed, making this an active fundraise rather than a confirmed close.
INFLUISH Raises Pre-Seed Round at Rs 25 Cr Valuation, Targets Rs 100 Cr ARR by December 2027
New Delhi-based influencer MarTech startup INFLUISH has closed a pre-seed round at a valuation of Rs 25 Cr (~$2.6M), backed by angel investors including Clovia co-founder Pankaj Vermani, as publicly reported.
