Inc42

SUMMARY Institutional laundry startup Quick Clean has raised ₹133 Cr in a Series B funding round led by Stakeboat Capital, with participation from existing investors Alkemi Growth Capital and Blue Ashva Capital The funding underscores investor confidence in businesses helping hotels and hospitals modernise large, labour-intensive operations through managed services, automation and technology Quick Clean, which provides end-to-end laundry management services to hotels and hospitals, plans to...

SUMMARY AI-powered revenue intelligence startup Reo.Dev has raised $11.3 Mn in a Series A funding round led by Elevation Capital The round underscores continued investor appetite for Indian startups building AI products for global enterprise customers, with Reo.Dev generating the bulk of its business from the US Reo.Dev plans to use the fresh capital to expand its sales and marketing operations in the US and accelerate AI product development AI-powered sales intelligence startup Reo.Dev has...

Emergent Vibe Codes To Unicorn Tag Emergent has joined India’s unicorn parade. The AI startup entered the coveted club after a $130 Mn round pushed its valuation beyond the $1.5 Bn mark. While Emergent achieved this milestone within two years of its inception, can it turn vibe coding into a durable business? Rapid Funding Velocity: Led by Creaegis with participation from marquee names like SoftBank and Lightspeed, the round will be utilised to scale hiring, AI research and international expansion.

SUMMARY Adding to a string of funding related disclosures today, Ather Energy has now opened a qualified institutional placement (QIP) to raise more capital The company has set the floor price at ₹1,169.70 per equity share, a significant discount from today’s closing price of ₹1,298 The QIP is part of Ather's previously announced plan to raise up to ₹2,500 Cr. Of this, the company had shared plans to raise ₹1,500 Cr via QIP, while the remaining capital will come through other equity-linked...

SUMMARY Finova earned a profit of ₹165.3 Cr in FY26.

SUMMARY A ransomware group has published nearly 19,000 files allegedly linked to the Kudankulam Nuclear Power Plant on the dark web after a partial data breach involving contractor Reliance Infrastructure The leaked documents reportedly include facility blueprints, supplier details and inspection records, raising concerns over the cybersecurity of critical infrastructure and India's nuclear supply chain Reliance Infrastructure confirmed a partial breach involving a server hosted by Yotta,...

SUMMARY TVS VENU Group-led NBFC Home Credit India has approved the complete acquisition of education-focused NBFC Varthana Finance The acquisition will help fuel Home Credit’s bid to scale financial services across consumer segments by selling presence across the secured and longer-tenure lending segment Currently, TVS VENU has presence in consumer, retail, and commercial finance through two of its NBFC arms — TVS Credit Services and Home Credit India TVS VENU Group-led NBFC Home Credit India...

SUMMARY Founded by IIT Delhi alumni Maitreya Wagh and Prateek Sachan, Bolna helps enterprises build and deploy AI voice agents without managing complex AI infrastructure The startup has pivoted from building vertical AI applications to becoming a voice AI orchestration platform integrating multiple speech, language and telephony models Bolna claims over 2,500 paying customers, including around 100 enterprises, processes more than 2,000 signups daily, and has scaled to $175K in monthly revenue...

It’s raining unicorns this year. Less than a month after proptech startup Square Yards became the country’s 131st unicorn, AI software creation platform Emergent has entered the coveted club of Indian unicorns. With this, it has become India’s sixth unicorn of 2026 and the third homegrown AI startup to wear the crown after Krutrim and Sarvam. Emergent has raised $130 Mn in its Series C funding round led by Creaegis, with MNI Ventures – Claypond Capital and Sentinel Global as co-lead investors.

SUMMARY Promom has raised ₹30 Cr in a funding round led by Fireside Ventures to expand its maternal and baby care product portfolio and scale its presence across India The funding comes as investor interest in India's baby care and maternal health ecosystem remains strong, with recent deals and Swara Baby Products' ₹1,000 Cr IPO Founded in 2023, Promom started with products addressing feeding challenges for new mothers Maternal and baby care startup Promom has raised ₹30 Cr ($3.1 Mn) in a...