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Udaan avoids bankruptcy, reaches agreement with offshore creditors to settle $178 million claimBlackrock, world’s largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include up...- Elevation Capital closes $500 million India fund; to back startups building on AI’s app layerThrough its ninth India fund, Elevation will back early-stage startups building AI-led businesses tackling India's large, operationally com...
- Elevation’s new India fund; InsuranceDekho charts D-Street pathHappy Tuesday! Elevation Capital is looking to back early-stage AI startups in India from its newest fund. This and more in today’s ETtech ...
- India’s AI upstarts rake in $1 billion in H1 2026 as VCs double downIndian AI startups secured over one billion dollars in funding. This investment surge reflects a growing focus on frontier technology. Sarv...
- Contract manufacturer Zetwerk receives Sebi nod for IPOFounded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Vishal Chaudhary, Ankit Fatehpuria and Rahul Sharma, Zetwerk operates a technology...
- Grocery chain Sumosave Retail raises Rs 50 crore led by 12 FlagsFounded in 2022, Sumosave had previously raised $3.3 million from Lightspeed and angel investors. The firm operates company-owned neighbour...
- Instant househelp startups burn $16-17 million in June as battle for customers intensifiesInstant househelp sector cash burn rose 14% month-on-month to $16-17 million in June. Aggressive discounting and customer acquisition offer...
- India's VC ecosystem shifts to monetization-led growth in 2026, backed by AI, Q-commerce infra and domestic tailwinds: BainIndia's venture capital and growth ecosystem is entering a monetization-led phase in 2026, with investors prioritizing capital efficiency, ...
- Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...
- India’s space industry hunts for its SpaceX momentIndia's private space sector is rapidly advancing, with a space unicorn poised for launch and startups developing cutting-edge satellites. ...
- Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.
- ShareChat, India’s Meta rival, plans $400 million IPO next yearSocial media giant ShareChat is gearing up for a potential $400 million IPO next year, marking a significant turnaround after a period of c...
- VC fundraising hits wall; WhatsApp’s new privacy headacheIndian VC firms are facing their hardest fundraising year in a decade as LPs tighten filters and demand cash returns. This and more in toda...
- Capital Call: Indian VCs face toughest fundraising market in a decadeData from market intelligence firm PitchBook, reviewed by ET, shows Indian VCs have raised just $820 million across 32 funds as of mid-June...
- PRISM files IPO papers for Rs 6650 crore fresh issue, reports Rs 748 crore profit in 9MFY26Oyo's parent company, PRISM, has filed its IPO papers with SEBI, planning a Rs 6,650 crore fresh issue to repay borrowings. The hospitality...
- No smartphones, internet or AI: This Karnataka boy from Chikkamagaluru, who learnt about space from encyclopaedias, now sends advanced satellites into orbitA Karnataka village boy, Awais Ahmed, once reliant on encyclopedias for space knowledge, co-founded Pixxel, a company now orbiting Earth wi...
- ETtech Deals Digest: Cred’s mega round lifts startup funding to $1.09 billion this week, up 290% on-yearIndian startups secured a significant $1.09 billion in funding across 14 deals, with fintech giant Cred leading the charge with a massive $...
- IndiaAI backing could make government a minority shareholder in SarvamThe central government could end up with a 1-2% stake in AI startup Sarvam, valued at $1.5 billion, as part of its $300 million funding rou...
- OnFinance AI founder criticises All In Capital for not investing, apologisesBengaluru fintech founder Anuj Srivastava apologised after publicly criticising venture firm All In Capital for not investing in his startu...
- ETtech Deals Digest: Sarvam mega round lifts startup funding to $403 million this week, up 36% on-yearIndian startups secured a significant $402.6 million in funding across 20 deals, with AI firm Sarvam leading the pack with a $234 million i...
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