Reliance Industries has fully written off its ₹1,645 crore investment in Dunzo after the quick-commerce platform went dark in early 2025. Despite a $775 million valuation and backing from Google, Dunzo’s rapid cash burn and leadership exits led to its downfall and Reliance’s biggest tech loss
Infibeam Avenues has signed a ₹800.39 crore slump sale agreement with Rediff.com to transfer its Ecommerce Platform Technology Infrastructure business, receiving ₹400 crore in cash and the remainder in equity shares, while retaining an 82% stake in Rediff
Renee Cosmetics bags $30 million at $200 million valuation to fuel offline expansion, product innovation, and tech-led growth, aiming to double its ₹500 crore ARR in two years
In Q1 FY26, SoftBank’s Vision Fund 2 swung from last year’s losses to strong gains, with Indian food-delivery player Swiggy emerging as one of its star performers. The fund booked $308 Mn in unrealized gains, largely due to Swiggy’s 20%+ share price rally in June and ongoing momentum into July
In India, where success is often measured by one’s ability to crack exams contested by millions of candidates, Mittal had arrived early and emphatically, AIR 4 in the IIT-JEE, an IAS officer at 21
Despite tariff threats, Apple remain committed to scaling up iPhone production in India. Experts believe the tariff threat is largely a negotiation tactic and is unlikely to derail Apple’s plans in India
Reliance isn’t the only major player eyeing the potential of Digantara. In February 2024, the Aditya Birla Group’s venture capital arm, backed by billionaire KM Birla, made its entry into the space tech arena with an investment in the company
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