Author: Arabian Media staff

A coalition of venture capital and private equity firms from the US and India today announced the formation of the India Deep Tech Investment Alliance (IDTA), a new industry group to mobilize private capital and expertise for deeptech companies in India and strengthen US-India deeptech collaboration. Founding IDTA members include Celesta Capital, Accel, Blume Ventures, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts.The IDTA’s mission is to accelerate entrepreneurship and ecosystem development within key technology sectors throughout the India-US corridor, aligning with the TRUST (Transforming the Relationship Utilizing Strategic Technology) initiative announced by US President Donald Trump…

Fintech platform PhonePe on Tuesday introduced a loan facility that allows users to borrow against their mutual fund holdings, providing them with access to funds without having to redeem their portfolios, marking its latest step into secured lending.The new service, launched in partnership with non-banking finance company (NBFC) DSP Finance, enables loans of up to Rs 2 crore through the PhonePe app. The process, according to the company, is fully digital and can be completed in under 10 minutes.By pledging mutual fund units as collateral, investors can access liquidity without having to sell their holdings. Unlike traditional loans, the facility…

Piyush Goyal , Commerce and Industry Minister, has said that artificial Intelligence (AI) offers huge opportunities, and it is only going to increase jobs in the country. He also said, “I have told my office, every person at decision-making levels, has to have the latest version of AI, ChatGPT or whatever else is available, on their phones or their laptops… So we are going to use it, but with a condition that any input they make should have at the bottom, that it has been generated or prepared with the support of AI… and has been validated for,” he said…

Bengaluru-based logistics marketplace BlackBuck (formerly Zinka Logistics) saw a major block trade on Monday as Goldman Sachs sold part of its holding in the recently listed firm. Exchange data shows that Goldman Sachs offloaded about 49.1 lakh shares (2.74% stake) for nearly Rs 295 crore, at an average price of Rs 600.32 per share.On the buy side, Nomura India Investment Fund acquired around 41.16 lakh shares (2.29% stake) in BlackBuck, investing Rs 247 crore at an average of Rs 599.77 per share.Entrackr was the first to report this development. The deal follows a series of stake reductions by global investors…

Capital markets regulator Securities and Exchange Board of India (SEBI) has cleared the initial public offering (IPO) plans of 13 companies, including consumer electronics maker Imagine Marketing Ltd., the parent of wearables brand boAt, home services provider Urban Company, and renewable power producer Juniper Green Energy Ltd. SEBI issued “observation letters”—regulatory shorthand for approvals—during the week ending August 29, allowing the companies to move ahead with their IPO offerings. At least 53 other IPO applications remain under review, according to SEBI filings.BoAt, known for its headphones and smartwatches and backed by Warburg Pincus, is pursuing a second attempt to tap the…

Harshjit Sethi, Managing Director of Peak XV Partners, has quit the venture capital firm after a 10-year stint, marking another top-level exit at a time when the VC plans to raise a new fund. Sethi took to X (formerly Twitter) on Tuesday to announce the move. “After a decade at Sequoia India and Peak XV, I’ve decided to leave the firm and explore a new innings. It’s been a journey rich in learning and relationships,” he said.The exit comes weeks after YourStory reported that Surge Partner Pieter Kemps will leave the firm after over a decade, adding to a string…

The Karnataka High Court has temporarily halted parts of Byju Raveendran’s business empire, issuing an interim restraining order that prevents BYJU’S and its founder from disposing of properties listed in a petition filed by the Qatar Investment Authority (QIA). The order, imposed while the court hears QIA’s bid to convert a July arbitration award from Singapore into an enforceable Indian decree, freezes any transfer of assets specified in the petition’s schedules until the next hearing.This development follows QIA, acting through its arm Qatar Holding, launching enforcement proceedings in Bengaluru last month, just a week after the Singapore International Arbitration Centre (SIAC)…

Prashanti Sarees was founded with the belief that a saree is more than a garment: it is a vessel of memory, tradition, and belonging. What began as a single store soon grew into a name cherished by families across generations and celebrated for its authentic weaves sourced from across India. At its heart, Prashanti has always been about something deeper than commerce – the intimate bond between a saree and the person who drapes it.By 2017, founder Brindha Padmanabhan realised that customers who had moved away from Prashanti’s physical stores longed for the same experience online. This led to the…

A few years ago, if you asked someone in India what came to mind when they heard the word “hostel,” chances are they would have pictured old-school college dormitories or budget accommodations with no personality. But over the past decade, something interesting has been happening. Hostels in India are undergoing a major transformation. They are no longer just about saving money. They are becoming a lifestyle choice, a preferred way to travel, and for many, even a way to live and work.The shift is being driven by a new generation of travellers, including backpackers, digital nomads, and solo adventurers. Young…

Imagine it being a hot and humid afternoon, and you sit nervously at a bank branch, shuffling documents and checking emails. The process of applying for a home loan is taking a long time, and there are multiple forms to fill out, IDs to photocopy, and reference checks to be made. Your excitement about a new home dims as frustration grows. For years, generations of Indians accepted the slow, paperwork-heavy home loan process as the price of owning a house. However, over the past decade or so, bankers have acknowledged the inefficiencies of the traditional system and vowed to address…