Tube Investments of India Ltd (TII), a Muruguppa group company, announced on Monday that it will acquire a 70% stake in startup Cellestial E-Mobility Pvt Ltd for Rs 161 crore. Cellestial E-Mobility designs and manufactures electric tractors, aviation ground support equipment, and other electric machinery. According to a regulatory filing, TII has already designed and developed two tractor prototypes for production. TII, which has recently launched an electric 3-wheeler initiative as part of its foray into clean mobility, has also announced the establishment of a new 100% subsidiary with an…

New Delhi based hospals a cross-border healthcare and travel platform that allows international patients to access healthcare in India, the UAE, Turkey, and Thailand, announced today that it has raised $3.5 million (Rs 26 crore) in a new funding round with the goal of expanding geographically to reach $900 million gross merchandise value (GMV). The new pre-Series A round was led by Inflection Point Ventures, 9Unicorns, and Singapore-based Wavemaker. Existing investor Venture Catalyst and prominent angel investors, including Kunal Shah, Sanjeev Mishra, and Razorpay founders, also participated in the round….

Swiggy has raised $700 million in a round led by Invesco, indicating that the food delivery and quick commerce segments are about to heat up. The new round has attracted new investors such as Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group, and Segantii Capital. The round was also attended by existing investors Alpha Wave Global, Qatar Investment Authority, ARK Impact, and Prosus. Swiggy is the only private company with a decacorn status after Byju’s….

Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola Cabs’ parent company ANI Technologies Pvt Ltd, has raised $200 million, or nearly 1,500 crore, in a funding round led by Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others, the company said in a statement on Monday. VCCircle reported in October that Ola Electric was in the final stages of raising $200 million as part of a new round of funding that could value the company at more than $5 billion. The latest round of funding for Ola…

Ninjacart, an agritech startup, recently announced a $145 million strategic round led by existing investors Walmart and Flipkart. Ninjacart did not disclose any additional transaction details, such as round break up or valuation, aside from future plans. Walmart and Flipkart each contributed $72.5 million to the Series D round. This was Flipkart and its controlling entity Walmart’s third joint investment in the Bengaluru-based startup. Ninjacart chose the new funds at a $815 million post-money valuation. This represents a significant increase in the company’s valuation, which was approximately $502 million in…

The Good Glamm Group acquired a majority stake in Organic Harvest, an organic beauty and personal care brand. According to a source with knowledge of the development, the transaction values Organic Harvest’s enterprise at Rs 275-Rs 280 crore. The financial terms of the deal were not disclosed by Good Glamm, a direct-to-consumer beauty and personal care brand. According to the source, Organic Harvest is valued at around 4-4.5 times its annualised revenue run rate. According to a senior company executive, Good Glamm will invest an additional Rs 75 crore in…