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14 May 2026
AI Chipmaker Cerebras Systems Targets $5.5B in Largest US IPO of the Year
US-based AI chip startup Cerebras Systems is set to raise approximately $5.5 billion in its initial public offering on the Nasdaq. The company priced its 30 million shares at $185 each, implying a post-listing valuation of over $55 billion, making it the largest US public offering this year. The listing is bolstered by a $10 billion processor supply contract with OpenAI, which was also granted warrants potentially convertible into a stake of over 10% in Cerebras.

14 May 2026
ASK Alternates Launches ₹2,500 Crore Second Private Credit Fund for Mid-Market Companies
Blackstone-backed ASK Alternates has launched its second private credit fund, targeting a corpus of ₹2,500 crore, including a greenshoe option. The fund will provide senior secured debt to companies in sectors like manufacturing, healthcare, and renewables, aiming for a 14-16% gross IRR. This launch highlights the intensifying competition in India's private credit market and utilizes a GIFT City structure to attract offshore investors.
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14 May 2026
Zydus to acquire US drug portfolio from Assertio Holdings for ₹1,570 crore.
Zydus Lifesciences will acquire a portfolio of established drug brands from US-based Assertio Holdings for approximately ₹1,570 crore ($188 million). The deal includes pain and inflammation treatments, strengthening Zydus's product offerings and commercial presence in the US market. This strategic asset purchase signals a capital-efficient path for Indian pharma firms to scale their US footprint through inorganic growth.

14 May 2026
Dhruva Space Secures ₹105 Cr Government Grant for Satellite Platform Development
Spacetech startup Dhruva Space has secured a ₹105 Cr ($10.9 Mn) grant from the government's Research, Development & Innovation Fund (RDIF). The capital will fund 'Project Garud,' an initiative to build a standardised 500 kg-class satellite platform for telecom, observation, and security applications, aiming for large-scale production. This non-dilutive funding complements the company's ongoing pre-Series B round and signals strong government backing for domestic deeptech manufacturing under its 'Atmanirbhar Bharat' policy.

14 May 2026
EaseMyTrip Board Approves ₹500 Cr Rights Issue for Expansion and Potential M&A
Listed travel tech company EaseMyTrip has received board approval to raise up to ₹500 Cr (approx. $52 Mn) through a rights issue. The funds are earmarked for bolstering its technology platform, expanding into hotel and holiday segments, and exploring strategic acquisition opportunities. This capital raise comes as the company navigates weak financial performance, including a 90% YoY drop in Q3 net profit and declining institutional investor holdings.
14 May 2026
Silicon Road Ventures and Ajay Mahajan to launch ₹150 crore AI-focused fund.
US-based Silicon Road Ventures has partnered with former Care Ratings MD Ajay Mahajan to launch a new ₹150 crore (approximately $18 million) fund. Named 'SRV India,' the vehicle will target early-stage, B2B SaaS startups in India that leverage artificial intelligence. The fund plans to invest in 15-18 companies over the next three years, with an average initial cheque size of $500K to $1 million, signaling a new capital source for the sector.

14 May 2026
Logistics SaaS firm LogiChain raises $30M Series B led by Sequoia Capital India.
B2B SaaS platform LogiChain has secured $30 million in a Series B funding round led by Sequoia Capital India. Existing investors, including Nexus Venture Partners, also participated in the financing. The new capital is earmarked for product development, specifically enhancing its AI capabilities, and for geographical expansion into Southeast Asian markets.
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