Bengaluru-based fleet manager Carrum Mobility has raised $10 million from Uber, its second investment in the company this year, as the ride-hailing giant prepares to expand its premium Uber Black offering in India.
Direct-to-consumer luggage and travel accessories brand Mokobara has raised Rs 170 crore ($17.79 million) in a Series C round led by existing backer Sauce.VC, with Peak XV Partners and AYRA Ventures also participating.
Bengaluru foodtech startup Swish has raised $24 million led by Bertelsmann India Investments, with Accel, Bain Capital Ventures and Hara Global also participating, to expand its network of hyperlocal cook-and-deliver kitchens.
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.
Circular economy venture Greenwave Circularity has raised $31.5 million from OeEB, the Development Bank of Austria, as India's sustainability-focused startups continue to attract international development finance alongside domestic venture capital.
Global renewable energy platform Sonnedix has secured $1.3 billion in financing to refinance a gigawatt-scale solar and wind portfolio in Chile and fund new battery storage capacity, as Latin America's renewables market continues to attract large-scale institutional capital.
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.
Global health nonprofit Americares has received a $50 million gift from an anonymous Connecticut family — its largest-ever single donation — as the organisation moves to expand medicine delivery to underserved regions hit by sweeping US foreign-aid cuts.