PRISM, the parent company of hospitality platform OYO, has filed updated draft IPO papers with India's markets regulator seeking to raise up to Rs 6,650 crore, marking the company's latest attempt at a long-delayed public listing.
Indian data centre operator CtrlS has raised Rs 250 crore from Zerodha co-founder Nikhil Kamath and entrepreneur Sreeram Reddy Vanga, capital the company says will support its infrastructure expansion across India as AI-driven demand for computing capacity accelerates.
India's largest discount brokerage has applied to SEBI for a Category-I merchant banking licence, a move that would let it manage IPOs and advise companies on fundraising as its core broking revenue comes under pressure.
Nobel Hygiene, India's largest home-grown maker of absorbent hygiene products, has filed draft papers with SEBI for an IPO comprising a Rs 150 crore fresh issue and a secondary share sale led by backer Quadria Capital.
Flipkart co-founder Sachin Bansal's fintech venture Navi has raised $100 million from Dutch technology investor Prosus in its first-ever institutional funding round, valuing the company at approximately $1.3 billion as it prepares for a public listing.
Voice-AI startup Wispr Flow has closed a $280 million Series B led by Menlo Ventures, with India-focused investors Peak XV Partners, Together Fund and Activate also taking stakes, nearly tripling the company's valuation to roughly $2 billion.
SoftBank Group is preparing to issue roughly ¥1 trillion ($6.3 billion) in bonds targeted at Japanese retail investors, the largest such offering ever by a Japanese company, as Masayoshi Son deepens SoftBank's reliance on debt to fund its AI ambitions.
Alibaba is raising roughly $10.2 billion through the largest-ever primary share placement by a Hong Kong-listed company, with all proceeds earmarked for chips, computing infrastructure and AI model development as it competes for global AI leadership.
Meta is on trial in Oakland federal court against a coalition of US states alleging it designed Facebook and Instagram to be addictive to children, in a case presided over by Judge Yvonne Gonzalez Rogers, who also oversaw Elon Musk's lawsuit against OpenAI.
A powerful new AI model called Ox Alpha has surfaced anonymously on the developer platform OpenRouter, offering a roughly 1 million-token context window and multimodal capabilities for free, even as its creator remains unidentified.