Puran Choudhary

Puran Choudhary Fundamentum Partnership, the venture capital firm cofounded by entrepreneurs Nandan Nilekani and Ashish Kumar, has launched

India's electric two-wheeler market saw a strong rebound in May. Registrations rose significantly, recovering from a dip in April. Major players like TVS Motor and Bajaj Auto reported higher sales. Ather Energy and Hero MotoCorp also saw an increase. Ola Electric is working to regain market share and plans to enter the commercial segment.

Bengaluru-based Simple Energy has secured Rs 250 crore in funding to boost manufacturing capacity and expand its retail network. The electric two-wheeler maker plans to increase production significantly and aims for an IPO in the second half of FY28, while also preparing to launch more affordable scooter models.

The recovery comes after a 22% month-on-month fall in April from a record 192000 units in March, when automakers used aggressive discounts, cashback offers and financing schemes to close FY26 on a strong note.

The electric two-wheeler maker plans to increase production significantly and aims for an IPO in the second half of FY28, while also preparing to launch more affordable scooter models.

LVX Ventures has launched Elvix, an AI platform offering continuous investment feedback. Built on extensive private market data, Elvix helps investors evaluate startups and track portfolio risks. This innovation addresses information gaps in private investing. The platform uses proprietary AI to analyze opportunities and monitor performance. Elvix aims to provide decision intelligence for early-stage and growth investments.

Puran Choudhary Early-stage angel investment platform LVX Ventures (formerly LetsVenture), has launched Elvix, an AI-powered platform aimed

Indian space startup Skyroot Aerospace projects significant revenue growth, aiming for over Rs 13,000 crore by FY32, driven by launch services and satellite systems. Ahead of its maiden orbital launch, the company's space systems division is already generating revenue, with launch services poised to become the primary growth engine.

Per the report, the startup plans to grow its headcount from 1,163 employees to 5,749 by FY32. That would make it among the largest private employers in India's emerging commercial space sector.

Gurugram's TrueFan AI secured $10 million, valuing it at $40 million, to fuel its AI-generated video platform. Serving over 100 enterprises like HDFC Bank and Zomato, the startup creates personalized videos at scale using celebrity and business leader avatars. This funding will drive international expansion and enhance real-time video AI agent development.