Healthtech startup Rio.ai, which runs WhatsApp-based medicine delivery platform Rio Health, has raised ₹43.08 crore in a pre-Series A round led by Version One Ventures at an estimated ₹170 crore valuation.
Goa-based Hughes Precision Manufacturing has raised ₹250 crore from family offices and ultra-high-net-worth individuals to expand small-calibre ammunition capacity from about 80 million to 220 million rounds.
Bengaluru electric-motorcycle maker Ultraviolette has raised $85 million led by Yali Capital and TDK Ventures, with Lip-Bu Tan joining as investor and adviser, as it targets a US launch in 2027.
RPS Ventures sold about 0.83% of Meesho for ₹899.71 crore via BSE block deals, cutting its holding by more than 71%, as the Government of Singapore emerged as the largest buyer.
Mastercard sold its entire 4.31% stake in Pine Labs for about ₹933.57 crore, with ICICI Prudential Life, Societe Generale and Citigroup among the largest buyers.
Indian equities rebounded on September 23 as easing crude prices and hopes of lower US-Iran tensions lifted metals, FMCG and PSU banks, while IT stocks remained under pressure.
Bengaluru’s TimBuckDo, co-founded by Mythri Kumar, has raised a bridge round at a reported ₹150 crore post-money valuation from Trasa Ventures and Adarsh Narahari as it prepares for a Series A.
Viking Therapeutics shares jumped about 30% after maintenance data showed its obesity drug VK2735 preserved most weight loss with less frequent dosing, while Asian equities rose for a sixth straight day on 23 September as chipmakers rallied and oil eased.
Google has opened preorders for Googlebook, a new Android-based laptop line with on-device Gemini features from Acer, ASUS, Dell, HP and Lenovo starting at $899, bundled with a year of Google AI Pro and ten years of software updates.
Reserve Bank of Australia Governor Michele Bullock said there is no evidence yet that AI is making Australia's economy more productive, warned it could be a bubble, and said data-centre investment is adding to inflation ahead of an expected rate rise.