Bengaluru-based restaurant operator Popo Global has raised Rs 532 crore ($55.66 million) from Singapore's Artal Asia, its first outside institutional capital, as it prepares to expand The Pizza Bakery, Paris Panini and Smash Guys beyond 40 outlets.
India's primary market stayed active this week as Manika Plastech opened its Rs 125.50 crore IPO to a 30% grey market premium and Steamhouse India's issue was subscribed 8.36 times by the third day, part of a packed calendar of mainboard and SME listings.
US and European equity markets closed lower as the 10-year Treasury yield reached nearly 4.95%, its highest level in almost three years, while the European Central Bank raised rates and oil prices approached $103 a barrel amid continued disruption in the Strait of Hormuz.
HerSpace Manufacturing, which builds low-cost employee accommodation, has raised $40 million from Gray Matters Capital, part of a strong week for Indian startup funding that also included spacetech, restaurant and women's wellness deals.
Optical-interconnect startup Ayar Labs has raised a further $150 million, pushing its 2026 primary funding total to roughly $650 million, while establishing a new design centre in Bengaluru as it moves toward high-volume production of light-based chip-to-chip links.
Bengaluru-based hyperspectral satellite company Pixxel has raised $100 million in a Series C round co-led by Temasek and Seraphim, taking total funding to $195 million and cementing its position as India's best-capitalised private space technology company.
Excelsior Energy Capital and Enel have completed a $760 million transaction covering two large operating solar plants totalling 810 MW DC, including capacity contracted to offset Meta's electricity use under a long-term utility agreement.
AIDIN Robotics, a South Korean maker of tactile and force-torque sensors for robots, has closed a KRW16 billion strategic financing backed by HD Hyundai Robotics and Samsung Venture Investment, deepening industrial ties to two of Korea's largest conglomerates.
After more than a decade of bootstrapped growth, Pune-based dairy company Provilac has raised $14 million from Panthera Growth Partners in its first-ever institutional funding round, to expand manufacturing and enter new markets including Bengaluru.
Brent crude climbed toward $100 a barrel on September 9 as the conflict between the United States and Iran widened and Iran-backed Houthi forces struck Saudi Arabian energy infrastructure, rattling global markets and pressuring emerging-market currencies.