Mukunda Foods, a food robots business, has raised $5 million in a funding round led by Zomato, bringing its post-money valuation to $30 million. Ncubate Capital, Singapore Angel Network, and Indian Angel Network have all previously invested in the brand. In total, it has raised roughly $8 million, including the most recent round. The funds will be used to expand the company’s reach into quick-service restaurants, cloud kitchens, and fine-dining establishments. Mukunda Foods is a food robotics firm founded in 2012 by Eshwar K Vikas and Sudeep Sabat. It develops…

Rajesh Jain, 54, a pioneer of India’s internet business, is preparing his second startup, Netcore Cloud Pvt., for an initial public offering within the next year. “We’ve had initial conversations with half-a-dozen bankers and the formal process will start in the next couple of months,” Jain said over a Zoom call discussing the acquisition and the IPO. “We are targeting an IPO within the next nine to 12 months.” Netcore, based in Mumbai, is a software-as-a-service (SaaS) company that specialises in providing organisations with client communication and engagement solutions. It…

Praan, a deep-tech startup, has raised an unknown sum in a new round of funding from global investors Aera VC, Climate Angels, and Sequoia Scouts. The round was also attended by Cool Climate Collective, film director Roshan Abbas, and angel investor Akshat Rajan. Vijay Shekhar Sharma (Paytm), Nipun Sahni (Apollo Global Management), and Paula Mariwala are among the Climate Angels (Seedfund Advisors). Global angel investors from Tesla, Breakthrough Energy Ventures, and other companies are part of the Cool Climate Collective. Praan’s India team will be expanded, manufacturing will be accelerated,…