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Cellogen Therapeutics Raises ₹20 Crore From Kotak Alts to Build an Indigenous CAR-T Cell Therapy Supply ChainTexmaco Rail Secures ₹4,045 Crore Export Deal to Supply Wagons and Locomotives to South AfricaMansi Baranwal — Worked as a Bain & Company consultant and studied nutrition-focused consumer problems closely. → Built Troovy Foods, a chocolate spread brand positioned as a cleaner, nut-rich alternative for Indian families.Ola Electric Approves ₹2,000 Crore Investment in Vehicle and Cell Manufacturing Subsidiaries Ahead of Q4 ResultsAnkur Warikoo Shuts Down ₹100 Crore Course Business, Citing the Disruption of Artificial IntelligenceUAE Commits $5 Billion in Indian Markets as Emirates NBD and IHC Take Major Stakes in RBL Bank and Sammaan Capital.Rapido Raises $240 Million in Primary Funding Led by Prosus to Fuel Tier-2 and Tier-3 ExpansionLegend of Toys Raises ₹21 Crore in Pre-Series A Round Led by Singularity Early Opportunities Fund to Expand Premium Toy ManufacturingCellogen Therapeutics Raises ₹20 Crore From Kotak Alts to Build an Indigenous CAR-T Cell Therapy Supply ChainTexmaco Rail Secures ₹4,045 Crore Export Deal to Supply Wagons and Locomotives to South AfricaMansi Baranwal — Worked as a Bain & Company consultant and studied nutrition-focused consumer problems closely. → Built Troovy Foods, a chocolate spread brand positioned as a cleaner, nut-rich alternative for Indian families.Ola Electric Approves ₹2,000 Crore Investment in Vehicle and Cell Manufacturing Subsidiaries Ahead of Q4 ResultsAnkur Warikoo Shuts Down ₹100 Crore Course Business, Citing the Disruption of Artificial IntelligenceUAE Commits $5 Billion in Indian Markets as Emirates NBD and IHC Take Major Stakes in RBL Bank and Sammaan Capital.Rapido Raises $240 Million in Primary Funding Led by Prosus to Fuel Tier-2 and Tier-3 ExpansionLegend of Toys Raises ₹21 Crore in Pre-Series A Round Led by Singularity Early Opportunities Fund to Expand Premium Toy Manufacturing
Live Funding
Cellogen ₹20 Crore 18 May
Rapido $240 Million 15 May
Legend ₹21 Crore 15 May
Instafix ₹7.55 Cr 13 May
Toy $1 Million 13 May
Dil ₹72 Cr ($7.7 Mn) 12 May
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Funding
Cellogen Therapeutics Raises ₹20 Crore From Kotak Alts to Build an Indigenous CAR-T Cell Therapy Supply Chain
StartupFox Desk · 18 May 2026 · 2 min read
Texmaco Rail Secures ₹4,045 Crore Export Deal to Supply Wagons and Locomotives to South Africa
Lite Updates · 16 May 2026
Ola Electric Approves ₹2,000 Crore Investment in Vehicle and Cell Manufacturing Subsidiaries Ahead of Q4 Results
Lite Updates · 16 May 2026
Ankur Warikoo Shuts Down ₹100 Crore Course Business, Citing the Disruption of Artificial Intelligence
Lite Updates · 16 May 2026
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Spotlight · Founder Journey
Mansi Baranwal — Worked as a Bain & Company consultant and studied nutrition-focused consumer problems closely. → Built Troovy Foods, a chocolate spread brand positioned as a cleaner, nut-rich alternative for Indian families.
Worked as a Bain & Company consultant and studied nutrition-focused consumer problems closely. → Built Troovy Foods, a chocolate spread brand positioned as a cleaner, nut-rich alternative for Indian families.
14 MonthsR&D before building the final product
40+ IterationsRecipe versions tested during product development
100 ParentsInvolved in tasting and feedback sessions
45% Real NutsNut content claimed in Troovy’s chocolate spread
📌The Brief — Today
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5 things you need to know today.

01
Funding

Cellogen Therapeutics Raises ₹20 Crore From Kotak Alts to Build an Indigenous CAR-T Cell Therapy Supply Chain

Founded by Dr. Gaurav Kharya and Dr. Tanveer Ahmad, the Delhi-based biotech firm is developing next-generation, AI-driven cell therapies aimed at drastically reducing the prohibitive costs of treating

02
Lite Updates

Texmaco Rail Secures ₹4,045 Crore Export Deal to Supply Wagons and Locomotives to South Africa

The Kolkata-based manufacturer will supply over 2,235 freight wagons and 30 diesel locomotives to South Africa, securing a 15-year maintenance contract that structurally transforms its revenue model.

03
Lite Updates

Ola Electric Approves ₹2,000 Crore Investment in Vehicle and Cell Manufacturing Subsidiaries Ahead of Q4 Results

Just days before its Q4 disclosures, the EV manufacturer is funneling heavy capital into vertical integration to protect its margins against intensifying competition from legacy auto rivals.

04
Lite Updates

Ankur Warikoo Shuts Down ₹100 Crore Course Business, Citing the Disruption of Artificial Intelligence

After five years, five lakh students, and massive commercial success, the prominent content creator is closing his online education platform, acknowledging that AI has structurally broken the economic

05
Lite Updates

UAE Commits $5 Billion in Indian Markets as Emirates NBD and IHC Take Major Stakes in RBL Bank and Sammaan Capital.

Prime Minister Narendra Modi’s latest diplomatic trip to Abu Dhabi has secured massive capital inflows, signaling a strategic shift where Gulf nations are moving beyond infrastructure to take controll

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Lite Updates · 16 May · 2 min
Texmaco Rail Secures ₹4,045 Crore Export Deal to Supply Wagons and Locomotives to South Africa
The Kolkata-based manufacturer will supply over 2,235 freight wagons and 30 diesel locomotives to South Africa, securing a 15-year maintenance contract that structurally transforms its revenue model.
Lite Updates · 16 May · 2 min
Ola Electric Approves ₹2,000 Crore Investment in Vehicle and Cell Manufacturing Subsidiaries Ahead of Q4 Results
Just days before its Q4 disclosures, the EV manufacturer is funneling heavy capital into vertical integration to protect its margins against intensifying competition from legacy auto rivals.
Lite Updates · 16 May · 2 min
Ankur Warikoo Shuts Down ₹100 Crore Course Business, Citing the Disruption of Artificial Intelligence
After five years, five lakh students, and massive commercial success, the prominent content creator is closing his online education platform, acknowledging that AI has structurally broken the economics of basic digital learning.
Lite Updates · 15 May · 3 min
UAE Commits $5 Billion in Indian Markets as Emirates NBD and IHC Take Major Stakes in RBL Bank and Sammaan Capital.
Prime Minister Narendra Modi’s latest diplomatic trip to Abu Dhabi has secured massive capital inflows, signaling a strategic shift where Gulf nations are moving beyond infrastructure to take controlling bets on Indian private credit.
Funding · 15 May · 2 min
Rapido Raises $240 Million in Primary Funding Led by Prosus to Fuel Tier-2 and Tier-3 Expansion
Valued at $3 billion, the mobility platform is executing a broader $730 million financing strategy to dominate fragmented markets and build a supply-led economic engine outside major metros.
Funding · 15 May · 3 min
Legend of Toys Raises ₹21 Crore in Pre-Series A Round Led by Singularity Early Opportunities Fund to Expand Premium Toy Manufacturing
Afshaan Siddiqui and Vinay Jaisingh's direct-to-consumer brand has hit a ₹30 crore ARR in just 18 months by betting that Indian buyers will pay a premium for high-quality, story-driven remote-control vehicles.
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Funding
Kimbal Raises $22 Mn in Series B Led by GEF Capital to Scale Smart Grid Solutions
The fresh capital injection will power the advanced metering infrastructure company’s expansion into energy management, battery storage, and international markets.
⚡ LITE UPDATES
Kuku Enters Theatres With India's First Campus Zombie Comedy Following 1 Crore Subscriber Milestone
After capturing the mobile screens of over 10 million paying users, the content giant is weaponizing artificial intelligence and deep audience consumption data to build a highly scalable, tech-driven theatrical portfolio.
⚡ LITE UPDATES
Kiran Mani Quits JioStar to Join OpenAI as Managing Director for Asia-Pacific
OpenAI has appointed former JioStar CEO Kiran Mani to a newly created role based in Singapore, signaling an aggressive push to capture the rapidly growing enterprise and consumer AI markets across India, Japan, and Southeast Asia.
⚡ LITE UPDATES
The Billion-Dollar IPL Takeover: Kal Somani-Led Consortium Acquires Rajasthan Royals in $1.63 Billion Deal
The landmark acquisition by the US-based tech entrepreneur, backed by the owners of Walmart and the Detroit Lions, signals a massive influx of American institutional capital into the Indian Premier League.
⚡ LITE UPDATES
IndiGo Appoints Former Air India Express CEO Aloke Singh as Chief Strategy Officer to Lead Global Expansion
The aviation veteran joins InterGlobe Aviation just weeks after the sudden resignation of CEO Pieter Elbers, signaling a crucial leadership reset as the carrier eyes aggressive international expansion.
⚡ LITE UPDATES
OnlyFans Owner Leonid Radvinsky Passes Away at 43 Amid $5.5B Majority Stake Sale Talks
The Ukrainian-American tech entrepreneur transformed the digital creator economy with a highly lucrative subscription model, leaving behind a massive, privately-held cash engine currently exploring an acquisition.