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Temasek-linked Macritchie Investments Pte Ltd has sold a 2.2% stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through bulk deals worth about Rs 1,633 crore. NSE bulk deal data showed Macritchie Investments sold 1.01 crore shares at Rs 1,604.12 apiece, taking the total transaction value to Rs 1,632.98 crore. The investor held a 6.47% stake in PB Fintech at the end of March.

Sumit Vishwakarma · 4 Jul 2026

AscentHR has acquired payroll outsourcing provider OS HRS in a deal aimed at strengthening its payroll and workforce management operations across Asia-Pacific and the Middle East. The company said the acquisition was completed through a single-stage transaction, under which AscentHR acquired 100% of the equity share capital of OS-HRS Malaysia, OS-HRS Japan and OS-HRS India from Tokyo-based BREXA I

Sumit Vishwakarma · 6 Jul 2026

Suzuki Motor Corporation will invest $200 million in a second fund set up by Next Bharat Ventures, its wholly owned subsidiary in India, to support businesses working on social challenges. The new vehicle, called Next Bharat Venture Fund-2, will build on the company’s earlier impact investment programme in India, which focused on areas including agriculture, financial inclusion, supply chains and

Sumit Vishwakarma · 6 Jul 2026

Digital health platform ekincare has acquired Superclaims, an AI-powered claims adjudication platform, as it looks to expand its role in India’s health insurance technology market. The financial terms of the deal were not disclosed. Superclaims provides software for insurers and third-party administrators, or TPAs, to automate health insurance claim assessments. Its platform integrates with existi

Sumit Vishwakarma · 6 Jul 2026

Indian EV startup Simple Energy has announced a strategic collaboration with IDFC FIRST Bank to provide vehicle financing solutions for customers purchasing its electric scooters across India. The startup said that theeligible customers can avail of loans through IDFC FIRST Bank at its authorised dealerships nationwide. Under the partnership, both organisations will work together to promote vehicl

Sumit Vishwakarma · 6 Jul 2026

Fintech company Navi Ltd, co-founded by Flipkart co-founder Sachin Bansal, is preparing to file draft papers for an IPO by the January-March quarter of FY27, according to an Economic Times report. The Bengaluru-based company is looking to raise about Rs 3,000 crore through the proposed IPO, the report said. The issue is expected to include both a fresh sale of shares and an offer for sale, althoug

Sumit Vishwakarma · 6 Jul 2026

Vishal Gupta has stepped down as CEO of PhonePe Insurance Broking Services to launch a new startup being built in stealth. Gupta announced his departure in a LinkedIn post, saying the move was the “natural next step” after years of working across startups including Pine Labs, Flipkart and PhonePe. He said he was returning to “building from scratch, solving hard problems, finding PMF, and earning t

Sumit Vishwakarma · 7 Jul 2026

Fitness and active lifestyle platform Cult.fit has filed draft papers with India’s market regulator for an IPO, becoming the latest venture-backed consumer internet startup to move towards the public markets. The startup is seeking to raise up to Rs 950 crore through a fresh issue of shares, while existing investors and individual shareholders will sell up to 178.6 million shares through an offer

Sumit Vishwakarma · 7 Jul 2026

Info Edge has approved the acquisition of the remaining 45.36% stake in Coding Ninjas from the edtech platform’s founders for about Rs 39.91 crore, making the company a wholly owned subsidiary. The Naukri parent will acquire 74,741 equity shares of Sunrise Mentors Private Limited, which operates Coding Ninjas, at Rs 5,340.23 per share. The acquisition will be carried out through a secondary purcha

Sumit Vishwakarma · 7 Jul 2026

Global investment firm B Capital has closed its third early-stage fund at $500 million, as it looks to back startups developing AI and other emerging technologies. The firm said Ascent Fund III was oversubscribed and closed at its hard cap, nearly doubling the size of its previous early-stage fund, which raised $254 million in July 2022. The new fund will invest mainly in seed, Series A and Series

Sumit Vishwakarma · 7 Jul 2026

Actor Kareena Kapoor Khan has made a strategic investment in Fizzy Goblet, deepening her association with the Indian footwear and accessories brand. The financial details of the investment were not disclosed. The startup said Kapoor, who became its brand ambassador in 2022 after having worn the label since 2014, will now take on a broader role. She is expected to be involved in design selection an

Sumit Vishwakarma · 7 Jul 2026

Prime Minister Narendra Modi has announced that the Indian Institute of Management Bangalore (IIM Bangalore) will establish its first-ever international campus in Indonesia. The proposed campus will be located at the Singhasari Special Economic Zone in Malang and is intended to serve learners from Indonesia and neighbouring Southeast Asian countries. “We are going to establish a campus of India's

ISN Team · 7 Jul 2026