Corvi LED secured $8 million in a growth capital round led by Enam Investments. This funding will help the Mumbai-based company expand geographically, diversify products, and enhance technology. Founded in 2012, Corvi offers over 100 products and holds 100+ patents. Despite a revenue dip in FY23, the firm aims to strengthen its B2C and B2B market presence.

Fintech platform Perpetuity Capital has raised Rs 7 crore through Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital. The funds will enhance lending capabilities and expand the loan book in East India, promoting environmentally friendly mobility solutions. Led by Karamveer Dhillon, the platform finances electric vehicle purchases for commercial use.

Skincare brand SkinInspired has secured Rs 12.25 crore ($1.5 million) in a seed round led by Unilever Ventures and Dr. Vaidya’s co-founder Arjun Vaidya. Founded in 2022, the brand will use the funds for R&D, strategic marketing, and expanding its go-to-market strategy.

Swiggy has launched a $65 million ESOPs liquidity programme, its fifth since 2018, benefiting staff across levels. The company has enabled over Rs 1,000 crore in ESOP liquidity for 3,200 employees over five events. This move comes as Swiggy prepares for its IPO, aiming to raise approximately $1.25 billion.

Deepinder Goyal, Zomato’s founder and CEO, has become a billionaire with his holdings surpassing Rs 8,400 crore. Goyal owns a 4.19% stake in Zomato, valued at over $1 billion due to a recent surge in share price. Zomato’s market cap is now $24.25 billion, with a strong financial performance in FY24.