India

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India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation

The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $583 million in total funding. Acko, the Bengaluru-based digital-first general […]

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AirTrunk acquires Lumina CloudInfra to enter India with 600MW of planned capacity

The deal is an internal Blackstone consolidation, both AirTrunk (acquired for A$24 billion in 2024) and Lumina CloudInfra (launched by Blackstone in 2022) sit within the same portfolio. By folding Lumina into AirTrunk, Blackstone gives its Asia-Pacific data centre platform a foothold in India’s hyperscale market without a third-party acquisition. Terms were not disclosed. AirTrunk, […]

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Foodtech Swish closes $38M Series B at $139M valuation

Bengaluru’s Swish has now raised $54M in 18 months, values itself at $139M, and is betting that owning the kitchen, the technology, and the last mile is the only way to make ultra-fast food delivery work at scale. The timing is pointed. In the months before Swish announced its $38 million Series B, three of […]

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Truecaller now lets you hang up on scammers — on behalf of your family

Caller identity platform Truecaller recently launched a new feature that lets one person become an admin of a family group, get alerts about fraud calls received by other members, and even end a call on their behalf if they suspect a family member might get scammed. The company, which has over 450 million users, first […]

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OpenAI COO says ‘we have not yet really seen AI penetrate enterprise business processes’

Earlier this month, OpenAI launched a new platform called OpenAI Frontier for enterprises to build and manage agents, but OpenAI COO Brad Lightcap said that businesses haven’t yet seen AI adoption at scale. “One of the interesting things and some of the inspiration for the work we’ve been doing lately around OpenAI Frontier is we […]

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