Finnish startup Ambio has raised a €5.1 million seed round led by b2venture to scale its AI-native service for buying recycled plastics, as Europe's recycling industry struggles with plant closures and a persistent price gap with virgin plastic.
Swedish agtech company OlsAro has raised a €5 million seed round led by Industrifonden to commercialise salt-tolerant wheat and expand its SeedAX platform into heat, drought and nitrogen-efficiency traits, with field trials spanning Bangladesh and India.
After a meeting between Executive Chair Euisun Chung and Prime Minister Narendra Modi, Hyundai Motor Group has pledged $15.5 billion for India between 2026 and 2032, covering factories, a $700 million R&D centre, local suppliers and new mobility businesses, run through a dedicated Indian investment entity.
Indian equities staged a sharp one-day recovery on Tuesday. The Sensex rose 1.54% to 73,033.78 and the Nifty 50 gained 1.60% to 22,721.95, with the Nifty IT index up 5.22%, even as crude stayed above $100 and inflation hit a 23-month high.
Mumbai-based GreenCell Mobility has secured ₹330 crore in equity from Impact Fund Denmark to support the deployment of around 4,500 electric buses, as the Eversource Capital-backed operator works towards a fleet of more than 5,000 vehicles across 105 Indian cities.
Bengaluru-based NuSynth Technologies, founded this year, has raised ₹36.5 crore in a seed round co-led by Avaana Capital and Shastra VC to pair AI-driven predictive synthesis with chemical R&D, starting with pharmaceutical and electronics chemicals.
Chennai-based ThinkMetal, co-founded by Sabyasachi Ghosh and Arushi Sharma, has raised ₹27 crore in a round led by IAN Alpha Fund with 3i Partners to commercialise SistemT1, its compact metal additive manufacturing system built on proprietary FuseX filament technology.
MakeO, the company behind clear aligner brand Toothsi, has raised ₹90 crore in a round led by Singularity AMC to expand clinics and manufacturing across India and Southeast Asia, and to pursue acquisitions after crossing ₹500 crore in revenue and turning EBITDA profitable.
The National Payments Corporation of India has deferred the planned 0.4% merchant discount rate on UPI person-to-merchant payments above ₹2,000, which was due to start on October 15, until after Diwali. No new date has been set, and the decision follows weeks of pushback from traders.
IBM and MeitY Startup Hub have signed an MoU giving Indian deeptech startups access to watsonx, quantum computing, hybrid cloud and IBM's enterprise network, along with mentorship and proof-of-concept projects, with a focus on founders from Tier 2 and Tier 3 cities.