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ET Soonicorns Sundowner Gurgaon - ​ET Soonicorns Sundowner Series makes second stop in Gurugram after Hyderabad debut ​

Economic TimesEconomic Times · 8d ago
ET Soonicorns Sundowner Gurgaon - ​ET Soonicorns Sundowner Series makes second stop in Gurugram after Hyderabad debut ​
Medial

On 11th September 2025, the Gurugram Sundowner marked the second stop in the ET Soonicorns Sundowner series, following its debut in Hyderabad on 31st July. The Sundowner series, a region-focused extension of the flagship ET Soonicorns Summit, celebrates local entrepreneurial clusters and the next chapter of India’s startup story. With Gurugram, Delhi-NCR’s dynamic corridor, as its stage, the evening highlighted ambition, resilience, and the emerging scale of innovation. Key takeaways from the event span insights from industry leaders, investors, and founders shaping the future of NCR startups. ​ET Soonicorns Sundowner Series makes second stop in Gurugram after Hyderabad debut ​

Pneucons bags pre-Series funding from Ather CEO Tarun Mehta, others

EntrackrEntrackr · 1y ago
Pneucons bags pre-Series funding from Ather CEO Tarun Mehta, others
Medial

Pneucons, a B2B industrial marketplace startup, has closed its undisclosed pre-series investment round driven entirely by social media engagement. The round also saw participation from Tarun Mehta, co-founder & CEO of Ather Energy. The proceeds will be used to expand the team, focusing on more cross-border transactions across major engineering categories like fire safety, pneumatics and hydraulics, industrial automation, plastic & packaging, electric cables and products and power tools. Founded in 2022 by Pritesh Lakhani, Pneucons is a B2B industrial marketplace startup building an ONDC-like infrastructure. Serving SMEs and MSMEs in India’s industrial sector, Pneucons addresses challenges such as credit defaults, opaque pricing, and the availability of genuine quality products. The Ahmedabad based startup claims to have presence in over 42 countries with 7,000 buyers and 70 sellers, all acquired through word of mouth. It has executed cross-border transactions in 12 countries. It counts established enterprises and government entities such as Indian Railways, Indian Oil, L&T Suffin, Telangana Power Plant, and ISRO as its clients. As per the company, sellers from tier II and III cities are directly exporting & importing industrial equipment via Pneucons.

Reliance launches AI unit with Google and Meta as partners

EntrackrEntrackr · 1m ago
Reliance launches AI unit with Google and Meta as partners
Medial

Reliance Industries Limited (RIL) has announced the launch of a new artificial intelligence focused subsidiary Reliance Intelligence with Google and Meta onboard as strategic partners. The new unit will focus on four key areas which include setting up gigawatt scale AI ready data centres in Jamnagar, forging partnerships with global technology companies and open source communities, deploying AI solutions across sectors such as education, healthcare, agriculture and small businesses, and attracting global AI talent to India. Google CEO Sundar Pichai said the company will work with Reliance to bring AI across its businesses covering energy, retail, telecom and financial services. Both companies will also establish a dedicated Jamnagar Cloud region for Reliance. Reliance will also create a joint venture with Meta to build sovereign enterprise ready AI platforms for Indian companies and government entities. The partnership will combine Meta’s open source Llama models with Reliance’s scale in energy, telecom, retail and manufacturing. Meta CEO Mark Zuckerberg said the venture aims to ensure access to AI for everyone in India and eventually to superintelligence. The launch reflects Reliance’s ambition to expand beyond its oil to chemicals operations into technology and new age sectors. Over the past few years, the conglomerate has scaled Jio into India’s largest telecom operator, built Reliance Retail into a global retail powerhouse, and committed billions to clean energy giga factories. Mukesh Ambani said Jio delivered digital everywhere for every Indian and Reliance Intelligence will deliver AI everywhere for every Indian.

BizDateUp launches Rs 1,000 Cr Pulse Fund I

EntrackrEntrackr · 29d ago
BizDateUp launches Rs 1,000 Cr Pulse Fund I
Medial

BizDateUp has launched Pulse Fund I, a Rs 1,000 crore Category II Alternative Investment Fund (AIF). The fund includes a Rs 500 crore base and an additional Rs 500 crore green-shoe option. According to the fund, it will invest 50% in high-growth startups, 30% in profitable SMEs, and 20% in select real estate projects. The fund is structured as a 10-year close-ended vehicle, extendable by 2 years. It will focus on sectors such as AI, SaaS, fintech, healthtech, deeptech, defense, aerospace, gaming, EV mobility, green energy, and regtech. A special focus will be given to opportunities in tier-II and tier-III cities. The fund also promises financial, legal, and compliance checks, overseen by an NISM-certified fund manager. Founded by Jeet Chandan and Meet Jain, BizDateUp is an ecosystem enabler for startups offering comprehensive support services to visionary entrepreneurs to the forefront of their industry. BizDateUp empowers startups to challenge conventions, pioneer new solutions, and drive meaningful change in their respective fields. It has funded over 25 startups, raised a $10 million fund, engaged 1,000 angel investors, and delivered an average return of 3.5x to its backers in FY24. BizDateUp plans to expand globally by launching parallel funds in Singapore, the USA, and Dubai within 24 months, targeting over $1 billion in international capital for India’s innovation ecosystem. Earlier in May last year, BizDateUp Technologies had acquired a 20% stake in Duro Green, an environmental impact startup providing wet waste management services.

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