Wingify Secures $150M Fresh Capital from Everstone and Others in Strategic Funding Round

Wingify has raised $150 million in a fresh capital infusion led by Everstone Capital with participation from other investors. Founded in 2014 by Rohan Gupta, the Bengaluru‑based SaaS firm offers a conversion‑optimization platform that powers A/B testing, personalization and data‑driven experimentation for e‑commerce and SaaS brands worldwide. The funding will fuel product development, expand engineering teams, and support global market penetration, positioning Wingify as a key player in India’s growing digital experience ecosystem.

Wipro Acquires Olam’s IT Services Unit from Temasek for $375 Million

Wipro has agreed to acquire Olam’s IT services arm from Temasek for $375 million, marking a significant consolidation in the Indian IT services market. Olam, a Singapore‑based agribusiness giant, spun off its IT unit to focus on core agriculture operations, while Wipro, headquartered in Bengaluru, is a leading global IT services provider. The acquisition will allow Wipro to broaden its digital and analytics capabilities, accelerate its cloud and AI offerings, and deepen its presence in the agritech and supply‑chain sectors, boosting competitiveness for Indian IT players.

SatLeo Labs Raises $2.2M Seed Funding to Advance Thermal Satellite Intelligence

SatLeo Labs raised $2.2 million in a seed round led by Unicorn India Ventures, with participation from Merak Ventures, Java Capital, IIMA‑CIIE and other existing investors. Founded in 2023 by Shravan Bhati, Urmil Bakhai and Ranendu Ghosh, the Ahmedabad‑based startup builds low‑Earth‑orbit satellites that capture thermal and visual imagery for climate monitoring, agriculture, disaster response and defence. The fresh capital will accelerate launch readiness, expand its commercial pipeline—aiming for $42 million in letter‑of‑intent revenue—and scale its AI‑driven thermal intelligence platform, positioning Indian space tech for high‑growth Earth‑observation markets.

Matter Motor Raises $50 M Series C at $300 M Valuation to Expand Reach

Matter Motor has raised $50 million in a Series C round led by existing investors Capital 2B and Japan Airlines’ JAL Innovation Fund. Founded in 2019 by Mohal Lalbhai, Arun Pratap Singh, Saran Babu and Prasad Telikapalli, the Ahmedabad‑based company builds the Aera 200‑cc e‑motorcycle and is expanding into 150‑ and 125‑cc models. The capital will be used to scale distribution, marketing and brand awareness, positioning the firm for broader market penetration and bolstering India’s electric‑vehicle ecosystem.

Nykaa Acquires Majority Stake in 82°E for ₹500 Cr to Expand Satellite Services

Nykaa, the Indian beauty e‑commerce leader, has agreed to buy a majority stake in Deepika Padukone’s satellite firm 82°E for ₹500 crore, closing the deal in early March 2024. 82°E, founded in 2021 by Padukone and her husband, operates a high‑bandwidth satellite platform that launched its first satellite from Sriharikota and serves telecom and enterprise customers across India. The acquisition will let Nykaa diversify into telecom infrastructure, leveraging 82°E’s network to offer data services to its logistics and supply‑chain partners and unlock new revenue streams for Indian investors.

GoSats Raises $5M Series A to Expand Rewards Platform and New Asset Classes

GoSats, a fintech rewards platform, raised $5 million in a Series A round led by Konvoy with participation from Y Combinator and Taisu Ventures. Founded in 2020 by Mohammed Roshan and Roshni Aslam, the company lets users earn and redeem Bitcoin, gold, and other assets through a wallet and partnerships with brands like Flipkart, Myntra, Swiggy, and Nykaa. The capital will be used to grow user acquisition to one million, broaden its product suite with new asset classes, enhance AI‑driven personalization, and expand the team, positioning GoSats as a broader wealth platform for Indian consumers.

Kult Stumbles After ₹50 Cr Series A Funding Shortfall in India

Kult, a Mumbai‑based beauty marketplace, received only ₹50 crore of the promised ₹185 crore Series A round, sparking a funding shortfall. Founded by former beauty‑industry executives, Kult offers a curated platform for independent brands and operates across India. The shortfall has halted operations, left employees unpaid, and threatens the startup’s viability, highlighting risks for investors in India’s high‑growth beauty sector.

Google Invests $15B to Build 1GW Data Centre Hub in Visakhapatnam

Google announced a $15 billion investment to launch a 1 GW data centre hub in Visakhapatnam, Andhra Pradesh, with the project kickoff slated for April 28. The tech giant, known for its global cloud services, will partner with Adani Infra and Raiden Infotech to operate three campuses near Adavivaram, Tarluvada and Rambilli. The $15 billion will fund construction, submarine cable landings, fibre infrastructure and position India as a leading data hub, boosting investment and tech capabilities.