QNu Labs Secures Rs 200 Crore in Series A1 Funding Round

QNu Labs, a deep‑tech cybersecurity startup, has raised Rs 200 crore in a Series A1 round. The funding round was led by a consortium of investors, including a prominent venture firm, with participation from other strategic backers. The capital will support product development and market expansion across India and Southeast Asia.

Greenwave Circularity Secures $31.5 M from Austria Development Bank for PET Recycling Plant

Greenwave Circularity, a joint venture between Moon Beverages Ltd and Jainarain Fabtech Ltd, has raised $31.5 million in financing from the Development Bank of Austria (OeEB). The capital will fund the construction of an integrated PET‑recycling facility in Odisha that will convert used bottles into food‑grade plastic for packaging. The deal is backed by a European Union Fund guarantee and aligns with India's 2027 plastic‑waste rules that mandate 40% recycled content in rigid packaging.

Analog Devices Acquires Alif Semiconductor in $1.35 Billion Cash Deal

Analog Devices announced it will acquire privately held Alif Semiconductor for $1.35 billion in cash. The deal will combine ADI's sensing, signal‑processing and power‑management technologies with Alif's low‑power AI processors, expanding on‑device AI capabilities for consumer and industrial applications. The transaction includes an upfront payment of $1.35 billion with potential additional contingent payments up to $200 million, and positions ADI to capture growing demand for AI‑enabled physical systems.

Varun Beverages' Kiva Targets Acquisition of Alcobrew for ₹2,000-2,500 Crore

Varun Beverages' newly incorporated subsidiary, Kiva Spirits and Co. Ltd, is in advanced talks to acquire Alcobrew Distilleries India Ltd for an enterprise value of ₹2,000–2,500 crore. The deal would give Kiva a portfolio of established whisky, vodka, gin, brandy and rum brands, along with manufacturing facilities and a distribution network. If completed, the transaction could accelerate Kiva's entry into the alcoholic beverage market while providing Alcobrew's promoters with an early exit option.

Swish raises $24M Series B to expand kitchen network

Swish, a Bengaluru‑based quick food delivery startup, secured $24 million in a Series B round led by Bertelsmann India Investments, with participation from Accel, Bain Capital Ventures and Hara Global. The infusion will finance expansion of its neighbourhood kitchen network, targeting increased density in existing markets and entry into new cities over a 3‑5 year roadmap. The move follows a $38 million round in March and positions Swish amid a competitive landscape where rivals have scaled back operations.

Marmalade Secures Seed Funding to Expand Alcohol Beverage Production in India

Marmalade, a craft alcohol beverage startup based in Bangalore, announced the closure of a seed funding round. The round was led by a consortium of investors, including prominent venture firms, with the total amount undisclosed. Proceeds will be used to scale production capacity, expand distribution networks across India, and invest in product innovation and regulatory compliance in the next fiscal year.

Mesa School targets Rs 100 Cr Series A, co-founder may sell stake

Mesa School, an Indian edtech startup, plans to raise ₹100 crore in a Series A round. The funding will be led by existing investors and may see the co‑founder divest 2.9% of his stake. The round signals continued investor appetite for online learning platforms amid a competitive market. The Series A is expected to secure commitments from domestic venture funds, aiming to accelerate product development and market expansion. Investors will likely focus on Mesa School's technology and its potential to capture a growing share of the K‑12 online education segment.