TECHNOLOGY FUNDS
Deep tech startup Vecmocon Tech raises $18 million in round led by Ecosystem Integrity Fund
Vecmocon Technologies, a deep-tech EV startup, raised over $18 million in Series A funding led by EIF, with Aavishkaar Capital, BII, and Blume Ventures. The funds will enhance R&D, expand teams, boost EV system capabilities, and support global ambitions with intelligent, safety-critical solutions designed for Indian and international electric vehicle markets.
Bearish is thoughtful, bullish is cavalier? Samir Arora calls out market bias
Indian markets hit fresh highs Monday, boosted by RBI’s surprise easing and global cues. Samir Arora highlighted bias against bullish investors, urging more optimism. Helios MF cut cash levels and raised equity bets in May, signaling strong conviction.
JioBlackRock Mutual Fund launches website, unveils leadership team and early access initiative
JioBlackRock Asset Management has appointed its leadership team and launched its website, along with an early access initiative inviting users to explore its digital-first investment platform. The fund house aims to offer innovative, data-driven products at competitive prices. Backed by JFSL’s local reach and BlackRock’s global expertise, it plans to make investing more accessible and affordable in India.
JoSAA Counselling 2025 mock seat allocation out at josaa.nic.in: Check registration and choice filling process
JoSAA has released the first mock seat allocation for 2025 counselling, allowing candidates to assess their chances based on submitted preferences. A second mock allocation will follow, with a final choice-locking deadline on June 12. Candidates must register, fill choices, and pay the seat acceptance fee to secure admission into IITs, NITs, IIITs, and GFTIs.
Sanlayan raises Rs186 crore from investors including Ashish Kacholia, Lashit Sanghvi and Jungle Ventures
Sanlayan Technologies, an aerospace and defence firm, secured Rs 186 crore in Series A funding. Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures led the investment. The company will use the funds to enhance its defence capabilities. Sanlayan focuses on acquiring defence MSMEs and developing in-house technologies. They aim to contribute to India's national security.
3 equity mutual fund categories lose up to 7% in 2025. Expert shares what went wrong
Equity mutual funds face losses this year. Technology, pharma, and small-cap funds are the top losers. Tata Digital India Fund saw the biggest drop. Experts cite global tech slowdown and valuation concerns. Small-cap funds suffer from muted earnings. Investors should consider staggered investments. Pharma shows improved entry points. A SIP-based approach is advisable for small caps.
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Starmer calls on Nvidia’s Huang to train up Britons on AI
Prime Minister Keir Starmer is partnering with Nvidia's Jensen Huang to bolster the UK's AI capabilities and skills. This collaboration aims to train more individuals in AI and expand research at universities and Nvidia's Bristol lab.
Karnataka's new IT policy to be finalised around July: Priyank Kharge
The last consultation on the matter was held among IT secretary Ekroop Caur, industry body Nasscom and others on May 23. They discussed strategies to reskill Karnataka’s digital workforce, emphasised extending IT infrastructure beyond Bengaluru into tier-2 and tier-3 cities, and reviewed regulatory reforms to enhance ease of doing business in the state.
Telecom, services draw big FPI flows; IT faces selloff in late May
In the latter half of May, foreign funds favored telecom, services, capital goods, and consumer goods, with telecom experiencing significant inflows due to the Singtel-Bharti Airtel deal. Conversely, IT saw the largest outflows amid concerns about the US economy and geopolitical shifts. Investors realigned portfolios, recognizing unwarranted sell-offs in services and FMCG sectors due to a rural demand pickup.
Lenskart becomes public limited company in preparation for IPO
The Gurugram-based omnichannel eyewear brand Lenskart closed a $200 million secondary round in June 2024 at a $5 billion valuation. Singapore's sovereign fund Temasek and US financial services giant Fidelity had participated in the round. The company is expecting a 10 billion valuation for its IPO, double it last funding round.
Not a hard and fast rule, but using this ratio increases probability of getting it right: 7 stocks with an upside potential of up to 26%
How do you value a stock? Which has a high valuation, and which is cheap? It all depends on the ratio you use to ascertain value. Consider this example: Twelve years back, the stock of an MNC FMCG company was quoting at a PE multiple of 44. At that time, the Nifty’s PE was at 25. Since then, the market capitalization of the stock has grown 10 times and its PE ratio today stands at 65. On the other hand, there was a construction company quoting at a PE multiple less than 15 around the same time, but its market capitalization today is half of what it was 12 years ago. See how relying solely on the PE ratio creates hurdles in the way of wealth creation?
Make India’s growth story & your stock story same: 6 stocks representing the confidence of growth but confusion of stock prices
In the market downturn between October 2024 to March 2025, many stocks that were stars of the bull run of early 2024 suffered sharply in the initial phase. But, some of them recovered to form new highs. These stocks moved up sharply because they are seen as part of the India growth story. So, their businesses are bound to grow. Now, the key question: As the markets are still volatile and these stocks have had a sharp run-up, should you sell and book profits? The choice is between believing in India's growth story or giving in to the fear that stock prices bring to the table.
Mohandas Pai flags lack of domestic capital for Indian startups, calls for policy overhaul
Pai pointed out that, unlike the US, where insurance companies and university endowments are major sources of startup funding, Indian endowments are prohibited from investing in startups by government policy, and insurance companies remain largely absent due to incomplete regulatory reforms.
UK Govt to infuse £86 billion in Science and Tech R&D to boost economy, drive jobs
The UK government is set to inject £86 billion in key sectors including Science and Technology. This substantial investment aims to bolster research and innovation. The funding will fuel key projects, drive job creation, and will be diverted towards future technologies, health, security, and economic growth. The new package announcement comes ahead of the Spending Review.
Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance
Quant Small Cap Fund increased holdings in Jio Financial, NCC, and eight other stocks in May while exiting five stocks and adding 10 new names including Aditya Birla Lifestyle and Aarti Industries. Its portfolio now holds 92 stocks with Rs 28,205 crore AUM.
ETtech Deals Digest: Startups raise $142.7 million this week, up 8.5% on-year
Startups across seed, early and late stages raised the funds through 14 deals, compared to 64 in the year-ago period. Top deals across the week included Syfe, Udaan, Pepperfry and Stable Money.
VC fund HealthKois plans $400 million fund for healthcare play
HealthKois is aiming at a first close at the end of this year or early 2026. The investments will be deployed over the next four years, with ticket size of each of the investments likely in the range of $7 million to $25 million. "We are looking at a $300 million fund with a green shoe option of another $100 million," said Ajay Mahipal, partner at HealthKois. "We are looking at 13-16 portfolio companies in the HealthKois fund," he said.
Price wars hurt payment firms; CG Power’s fab play falters
Happy Friday! Payment aggregators are slashing fees to stay in the game. This and more in today’s ETtech Morning Dispatch.
Early-stage VC Inflexor eyes Q2 first close of $150-million Fund-III
Early-stage venture fund Inflexor Ventures expects to announce the first close of its $150 million (Rs 1,250 crore) Fund III by the end of the second quarter, partner Murali Krishna Gunturu told ET. Alongside its core interest areas, such as artificial intelligence (AI), the new fund will also invest in companies developing healthcare devices and advanced materials, including those used in electric vehicle (EV) batteries.
Anduril secures $30.5 billion valuation in latest fund raise
This round more than doubled the Palmer Luckey-founded company's valuation, from $14 billion last year when it raised $1.5 billion.
Wealthtech platform Syfe closes $80 million funding round, plans to expand tech team in India
Wealth management platform Syfe has raised $53 million, led by UK family offices. The total round reached $80 million, including a previous $27 million raise in August 2024. Founded by Dhruv Arora, Syfe operates in Singapore, Hong Kong, and Australia, with a tech centre in Gurugram. The funds will be used to support tech hiring.
Quick commerce trade-off; Google still wants engineers
Quick commerce is gaining popularity at the expense of sales in other retail channels. This and more in today’s ETtech Top 5.
Cleantech asset financier StrideGreen raises $3.5 million from Micelio Tech Fund, Incubate Fund Asia
According to the business-to-business (B2B) firm, its proprietary technology enables real-time data analytics, alerts, and operational insights, helping improve asset performance and extend their lifespan. In the electrification space, StrideGreen serves businesses across sectors such as quick commerce, ecommerce, food delivery, traditional logistics, and employee transportation, among others.
Nippon India Taiwan Equity Fund tops return chart with 22% in May. Can the momentum sustain?
Nippon India Taiwan Equity Fund topped equity fund returns in May with a 21.69% gain, driven by a surge in Taiwanese tech stocks. Experts highlight that while global funds may offer short-term gains, Indian markets offer better long-term prospects. Investors are advised to focus on fundamentals and risk appetite when considering international exposure.
GlobalFoundries boosts investment plans to $16 billion, with research focus
The Malta, New York-based company said it is working with the Trump administration to bring chip manufacturing technology and various components of that supply chain onto US soil.
Bessemer Venture Partners hires Pankaj Mitra to lead AI, enterprise-tech bets in India
Bessemer Venture Partners has appointed Pankaj Mitra as a partner in its India team, focusing on AI, enterprise technology, and cybersecurity investments. This follows the closure of their $350 million India-focused fund. Mitra's experience includes roles at Cisco and Infosys, where he led investments and M&A activities. He aims to support the next wave of tech evolution across industries.
Education financing startup GyanDhan raises Rs 50 crore from edtech firm Classplus, VC fund Pravega Ventures
The funds will be used to scale operations, strengthen its consultant partnership network, expand the team, and invest in technology. New Delhi-based GyanDhan has so far extended loans worth over Rs 7,000 crore to Indian students studying in India and abroad.
Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Zinka Logistics Solutions (BlackBuck) saw a Rs 302 crore block deal as Peak XV Partners trimmed stake. ADIA, MIT, and ICICI Prudential emerged as key institutional buyers in the transaction.
Israeli cyber startup Zero Networks raises $55 million in private funding
Zero Networks said that since its last funding round in late 2023, revenue has grown 300%, although it did not provide exact figures. Founded in 2019, the company added that its customer base has tripled, driven by its technology to prevent ransomware and other cyber attacks.
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