indianews

CIMware Secures $2.3M for Data Centre Management

CIMware, a Bengaluru-based deeptech startup, has raised $2.3M in its first institutional round led by Transition VC. Their game-changing Composable Infrastructure Modules promise up to 80% energy savings and 66% lower capital costs. Backed by the Department of Telecommunications and targeting global markets, CIMware is gearing up to redefine data centre management in the AI era.

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Eight Roads Offloads Stakes in $50M Secondary Deal

Eight Roads Ventures has exited its stakes in MoEngage, Shadowfax, and Whatfix through a $50M secondary deal with TR Capital. With IPOs still sluggish, this move signals the growing momentum of secondary transactions in India. These aren’t early-stage bets—they’re mature, high-growth companies now backed by one of Asia’s leading secondaries investors. This isn’t just an exit. It’s a shift in how India’s startup ecosystem defines success.

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Zango Raises $4.8M to Advance AI Compliance Tools

Zango just raised $4.8M to revolutionize AI-powered compliance. Backed by Nexus Venture Partners and global fintech leaders, this Bengaluru-born startup is redefining how financial institutions handle regulatory chaos. With live clients like Monzo and Novobanco, and plans to expand into insurance and asset management, Zango is turning compliance into a competitive advantage. This isn’t hype, it’s execution.

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Walko Acquires Meemee’s to Enter Artisanal Desserts

Walko Food Company has acquired Mumbai’s Meemee’s Ice Creams, marking a bold move into the artisanal dessert space. Known for its quirky creations like Toasties, Tubsters, and Roleys, Meemee’s brings a fresh, playful edge to Walko’s premium portfolio. As India’s ice cream market shifts toward creative, small-batch indulgence, this move signals Walko’s commitment to staying ahead of the flavor curve and winning over the next-gen dessert lover.

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Jumbotail Joins Unicorn Club After $120M Funding Round

Jumbotail has officially joined the Unicorn Club, raising $120M in Series D led by SC Ventures, with strong support from Artal Asia. The B2B marketplace, founded in 2015, is transforming India’s kirana economy serving 500K+ retailers across 400 towns. With revenue doubling in FY23 and the acquisition of Solv India, Jumbotail is betting big on scale and fintech, even as profitability takes a backseat for now.

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Kaynes Tech Launches New Division for Space Satellites

Kaynes Technology has launched a bold new venture: Kaynes Space Technology. With plans to design satellites from microsats to geostationary giants, develop indigenous launch vehicles, and build AI-powered systems, Kaynes is aiming to lead India’s private space race. Starting with just INR 10 lakh, the company is betting big on modular design, deep tech, and partnerships with ISRO and academia. This isn’t just another startup move — it’s a serious play to help shape India’s future in orbit.

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Elevation Capital Buys 2.03 Lakh Wakefit Shares Pre-IPO

Just before Wakefit’s public market debut, Elevation Capital has acquired 2.03 lakh shares via secondary transaction at ₹1,600 per share, an investment worth ₹32.54 crore.

While Wakefit plans to raise ₹468 crore through fresh issuance and an Offer for Sale of 5.8 crore shares, Elevation isn’t selling a single share.

The message is clear: this isn’t short-term speculation. It’s long-term conviction.

With 117 stores on the roadmap and ₹971 crore in revenue over the first 9 months of FY25, Wakefit’s IPO is more than just a listing, it’s a signal of scale.

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