Meta To Invest $900 Mn In CRED, Names Kunal Shah WhatsApp’s Global CEO
Meta Platforms Inc. has announced an investment of $900 million (around INR 8,550 crores) in Indian fintech company CRED through a combination of primary and secondary transactions, resulting in an effective post-money valuation of $4.5 billion (around INR 43,239 crores). The transaction implies a pre-money valuation of $4.03 billion (around INR 38,819 crores) and gives Meta an estimated 20% stake in the company. The deal marks a valuation recovery for CRED compared to its 2025 down round and earlier peak valuation of $6.4 billion (around INR 60,993 crores) in 2022. Founded in 2018 by Kunal Shah, CRED operates a consumer fintech platform offering services across credit card payments, lending, UPI, insurance, and wealth management. The company has raised nearly $1 billion (around INR 9,530 crores) from global investors and continues to expand its financial services ecosystem, including through strategic acquisitions such as Kuvera. The latest funding round underscores renewed investor confidence in CRED’s business model and long-term growth prospects in India’s digital financial services sector. The transaction also strengthens Meta’s strategic exposure to India’s fast-growing fintech ecosystem.
(Source: VC Circle, 22nd June 2026)
- Private Equity
Panthera Invests In Al Security Startup Innefu Labs
Panthera Growth Partners has invested $30 million (around INR 286 crores) in Innefu Labs through a combination of primary and secondary transactions. The investment will support the AI and cybersecurity company’s international expansion, research and development initiatives and the development of sovereign AI infrastructure. Innefu also plans to strengthen its capabilities in agentic AI, robotics and domain-specific language models for security-focused applications. The transaction underscores growing investor interest in indigenous AI and cybersecurity platforms catering to defence, intelligence and enterprise customers.
(Source: VC Circle, 05th June 2026)
TruNativ Raises $30 Mn in Series B Funding
Nutrition and consumer health brand TruNativ has raised $30 million (around INR 284 crores) in a Series B funding round led by OrbiMed. The company will use the funds to drive nationwide expansion, strengthen its omnichannel consumer health platform, and expand its core product portfolio. Founded in 2019 by Pranav Malhotra and Mamta Malhotra, TruNativ is backed by Emami, which reduced its stake to 10% as part of the transaction, while existing investors Rainmatter, Venture Catalysts, and 100Unicorns exited the company.
(Source: VC Circle, 16th June 2026)
CPPIB Bets $740 Mn On Indian Data Centre Operator CtrIS
Canada Pension Plan Investment Board (CPPIB) has committed to invest up to $740.5 million (around INR 7,000 crores) in CtrlS Datacenters Ltd. through a combination of an equity investment and a joint venture to develop hyperscale data centre campuses across India. The transaction includes the acquisition of an 8.2% stake in CtrlS and marks CPPIB’s first direct equity investment in an Indian data centre operator. The investment is expected to support the expansion of India’s digital infrastructure and capitalize on the growing demand for cloud computing and AI-driven data centre capacity. The partnership also reinforces CPPIB’s long-term commitment to India’s infrastructure sector and strengthens CtrlS’ position in the rapidly expanding data centre market.
(Source: VC Circle, 17th June 2026)
Real Estate Marketplace Square Yards Snags $95 Mn In Fresh Funding
Real estate marketplace Square Yards has raised $95 million (around INR 900 crores) in a funding round led by EAAA India Alternatives Ltd., comprising a mix of equity and debt, with the debt component anchored by Muzinich & Co. The fundraise reportedly values the company at over $1 billion and will support its planned IPO, accelerate market expansion, and strengthen its technology platform. Backed by investors including Kae Capital and the Times Group, Square Yards is also reportedly in discussions to raise an additional $50-60 million at a valuation of $1.6 billion. This capital raise will provide us with the strategic firepower to accelerate our market expansion, deepen our technological moats and continue delivering exceptional value to our customers and stakeholders said the founder.
(Source: VC Circle, 23rd June 2026)
Flexible Workspace Firm Incuspaze Secures Funding From Bharat Value Fund
Incuspaze has raised $15.8 million (around INR 150 crores) in a funding round led by Bharat Value Fund and other financial institutions. The proceeds will be utilized to expand the company’s presence across key commercial markets, enhance technology capabilities, pursue strategic acquisitions and support preparations for its planned IPO in FY29. The fundraise follows Incuspaze’s recent acquisitions of iKeva, TRIOS, and VSKOUT, further strengthening its position in India’s rapidly growing flexible workspace sector. The investment reflects continued investor confidence in the company’s enterprise-focused business model and long-term growth strategy.
(Source: VC Circle, 30th June 2026)
- Venture Capital
JustAI Raises Over $17 Mn in Series A Funding
AI marketing platform JustAI has raised over $17 million (around Rs. 161 crore) in a Series A funding round led by Base10, with participation from Y Combinator and Peak XV Partners. The company will use the funds to expand its engineering and go to market teams, strengthen its agentic AI infrastructure, and broaden its platform across e-commerce and B2B marketing use cases. Founded by Neha Mittal and Jeff Hara, San Francisco based JustAI automates personalization, experimentation, and decision-making for enterprise marketing teams, supporting over 600 AI-driven marketing decisions each month and generating more than $100 million in customer revenue over the past year.
(Source: VC Circle, 24th June 2026)
SaffronStays Raises $3.5 Mn in Funding
Vacation rental platform SaffronStays has raised $3.5 million (around INR 33 crores) in a funding round led by Infinity Ventures, with participation from family offices. The company will use the proceeds to expand into new leisure destinations, invest in technology and product innovation, enhance guest experiences, and grow its portfolio of managed holiday homes across India. Founded in 2015 by Tejas Parulekar and Devendra Parulekar, SaffronStays operates over 450 managed properties across 80+ destinations and has remained profitable for the past four years.
(Source: VC Circle, 24th June 2026)
Bodycraft Raises $12.7 Mn for Expansion
Bengaluru-based beauty and wellness chain Bodycraft Clinics and Salons has raised $12.7 million (around INR 120 crores) from Singularity AMC. The company will use the funds to expand its presence across India, invest in clinical technology, strengthen its management team, deploy AI-driven efficiencies, and enhance customer experience. Founded in 1997 by Manjul Gupta, Bodycraft currently operates 67 clinics and salons across more than 10 cities, serves over 350,000 customers, and plans to add 30 new locations to its network.
(Source: VC Circle, 24th June 2026)
Hang Ten Systems Raises $32 Mn
Enterprise AI services startup Hang Ten Systems has raised $32 million (around INR 302 crores) in a seed funding round led by Mayfield, with participation from Aramco Ventures and a group of angel investors. The company plans to use the proceeds to expand its team and scale its AI transformation services for global enterprises. Founded by former Infosys CEO and former SAP Executive Board member Vishal Sikka, Hang Ten enables enterprises to modernize business software through AI across functions such as finance, human resources, and enterprise transformation, and serves customers including Siemens Gamesa Renewable Energy and Fresenius.
(Source: VC Circle, 25th June 2026)
SuperLiving Raises $7 Mn in Series A Funding
AI-powered wellness and preventive healthcare platform SuperLiving has raised $7 million (around INR 66.1 crores) in a Series A funding round led by Lightspeed Venture Partners, with participation from Kae Capital and All In Capital. The company will use the funds to strengthen its AI capabilities, accelerate product development, expand its vernacular content ecosystem, and scale its presence across tier II and III cities, while also expanding into diagnostics and preventive healthcare services. Founded by former Meesho and Pocket FM executives Manavdeep Singh Grover and Gurjot Kaur, SuperLiving has surpassed 1.5 million app installs and over 100,000 paying users.
(Source: VC Circle, 25th June 2026)
- Mergers & Acquisitions
Adani Energy To Acquire Smart Metering Firm Intellismart From NIIF, EESL
Adani Energy Solutions Ltd has entered into a definitive agreement to acquire 100% of IntelliSmart Infrastructure Pvt. Ltd. from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL) for $319 million (around INR 3,050 crores), subject to regulatory approvals. The acquisition will expand Adani Energy’s smart metering portfolio to over 4.7 crore meters, making it India’s largest smart metering platform. The transaction aligns with the company’s strategy to strengthen its technology-led power distribution business through operational synergies, economies of scale and enhanced execution capabilities.
(Source: VC Circle, 09th June 2026)
Meesho Acquires Kirana Club In $21 Mn Cash Deal
Meesho has approved the acquisition of 100% of Kirana Club Pte. Ltd. and its Indian subsidiary Retail Pulse Labs Pvt. Ltd. for $21.2 million (around INR 202 crores) through an all-cash transaction. The acquisition, to be completed in three tranches by March 31, 2027 is aimed at strengthening Meesho’s presence in the kirana and small retailer ecosystem. Retail Pulse Labs operates a B2B commerce platform connecting kirana stores and small retailers with FMCG brands and distributors, primarily across Tier-II, Tier-III and rural markets. The transaction is expected to enhance Meesho’s capabilities across the broader e-commerce value chain.
(Source: VC Circle, 12th June 2026)
Lloyds Engineering To Acquire Controlling Stake In Steel Fabrication Firm SISCOL
Lloyds Engineering Works Ltd. has agreed to acquire an 88.12% stake in Steel Infra Solutions Company Ltd. (SISCOL) at an equity valuation of $129 million (around INR 1,220 crores) through a combination of cash and a share swap, subject to shareholder approval. The acquisition is expected to strengthen Lloyds Engineering’s structural steel capabilities and create synergies across engineering, manufacturing, procurement and project execution. The transaction also supports Lloyds Engineering’s ongoing strategy of expanding its infrastructure and EPC platform through strategic acquisitions.
(Source: VC Circle, 18th June 2026)
Kotak Mahindra To Buy Deutsche Bank’s India Retail, Wealth Management Business
Kotak Mahindra Bank Ltd. has entered into an agreement to acquire Deutsche Bank AG’s retail banking, private banking, and wealth management business in India for $29.7 million (around INR 282 crores), subject to regulatory approvals. The transaction, expected to close by September 2027, aligns with Kotak’s inorganic growth strategy by strengthening its presence in the affluent and SME segments. The acquisition will add a high-quality customer franchise, experienced workforce, and scale to Kotak’s domestic banking operations, with approximately 1,000 Deutsche Bank employees expected to transition to the bank.
(Source: VC Circle, 30th June 2026)
PMS Firm Wealth First Acquires Wealth-Management Firm
Wealth First Portfolio Managers Ltd. (WFPML) has agreed to acquire Wealth First Advisors Pvt. Ltd. (WFAPL) for $10.8 million (around INR 102 crores) through a two-phase transaction comprising cash and share swaps. The acquisition is expected to increase WFPML’s assets under advice and management to nearly $944 million (around INR 9,000 crores) and further strengthen its integrated wealth management platform. The company aims to double its assets under advice and management to approximately $2.1 billion (around INR 20,000 crores) over the next five years, reinforcing its long-term growth strategy in India’s expanding wealth management sector. The transaction also expands WFPML’s advisory and distribution capabilities, supporting its evolution into a broader, integrated financial services platform.
(Source: VC Circle, 30th June 2026)