India

CtrlS taps Ciena for 100 Tb/s India data center network

CtrlS Datacenters is deploying Ciena optical networking across five Indian metro networks linking nine data centers with up to 100 Tb/s of capacity.

India’s Ultraviolette raises $85M to scale EV production and global expansion

Indian electric motorcycle maker Ultraviolette has raised $85 million led by Yali Capital and TDK Ventures to expand manufacturing, develop new EV platforms and grow internationally.

India’s PhonePe gets in-principle UAE approval for two payment licenses

India's PhonePe has received in-principle approval from the UAE central bank for two payment licenses, moving it closer to locally regulated operations in its first overseas market.

India’s Moneyview seeks up to $624M valuation in trimmed IPO

Indian fintech Moneyview is seeking a valuation of up to about $624 million in an initial public offering scheduled to open September 24 after reducing the size of the planned deal.

Nexperia and Tata Electronics deepen India’s semiconductor manufacturing push

Nexperia and Tata Electronics have formed a broad semiconductor partnership covering wafer fabrication, assembly, testing, technology development and supply resilience in India.

Applied Materials commits $5B to expand India semiconductor footprint

Applied Materials plans to invest $5 billion in India over the next decade, expanding research, suppliers and workforce as the country builds its chip ecosystem.

Flam raises $40 million Series B for interactive AI content

Flam raised $40 million in a QED Investors-led Series B to develop interactive AI content tools and expand enterprise sales, with activity in India and Southeast Asia.

Bombay High Court lifts freeze on Coda Payments India accounts

Bombay High Court set aside orders freezing about ₹100 crore in Coda Payments India’s bank and payment accounts, while leaving related proceedings unresolved.

Pixxel raises $100M to expand Earth intelligence platform

Indian space technology company Pixxel has raised $100 million in a Series C round led by Temasek and Seraphim Space Investment Trust.

India’s Nexedge Capital raises $20M in first funding round for wealth management

Nexedge Capital, an Indian wealth-management and multi-family office firm, has raised $20 million in its first funding round, co-led by Mirae Asset Venture Investment and Elev8 Venture Partners.