Bengaluru-based used two-wheeler retailer BeepKart has laid off more than 100 employees, affecting over 20% of its workforce across various departments. The layoffs began shortly after the company’s April 2023 funding round, reportedly as part of a move to focus on profitability. BeepKart declined to comment.
Strasbourg-based preclinical CRO NovAliX, specializing in drug discovery services, received an investment from Bruker. The funds will accelerate NovAliX’s growth, particularly in Europe and the U.S. The partnership will advance drug discovery by combining NovAliX’s biophysics expertise with Bruker’s focus on structural biology and therapeutic mechanisms.
Nazara Technologies has acquired UK gaming studio Fusebox Games for Rs 228 crore ($27.2 million) in an all-cash deal. Fusebox, known for its interactive story game “Love Island,” reported strong growth in 2024 with Rs 116.6 crore ($13.9 million) in revenues. The acquisition aligns with Nazara’s broader M&A strategy, following recent investments in Circle of Games and Paper Boat Apps.
BiofuelCircle, a biomass and biofuel marketplace, has raised Rs 45 crore ($5.3 million) in a funding round led by Spectrum Impact. The Pune-based company will use the funds to enhance its organized supply chain for biomass, connecting farmers, storage facilities, and refineries. Despite growing its revenue fivefold to Rs 11 crore in FY23, BiofuelCircle’s losses also increased by 80% to Rs 6.8 crore.
Telehealth and wellness platform Visit Health has raised Rs 250 crore ($30 million) through primary and secondary stake purchases from Docprime Technologies and other stakeholders. The funds will support business expansion and a strategic partnership with TatvaCare. Visit Health, serving over 400 companies, saw its revenue triple to Rs 53 crore in FY23.
Scimplify, a platform for specialty chemicals sourcing and manufacturing, raised $9.5 million in a Series A round led by Omnivore, with Bertelsmann India Investments and existing investors 3one4 Capital and Beenext. The funds will enhance R&D and expand into new geograph, serving industries like pharmaceuticals, personal care, and agrochemicals.
Talent marketplace FlexiBees raised an undisclosed amount in a pre-Series A round led by Inflection Point Ventures. The funds will expand its tech infrastructure, refine AI algorithms, and broaden market presence. FlexiBees connects women professionals with flexible roles and serves over 700 global businesses.
Engineering and technology services company BlueBinaries has raised Rs 60 crore ($7.2 million) in a debt and equity round led by Anicut Capital. The funds will enhance its software-defined vehicle (SDV) and digital capabilities, serving a global customer base across Europe, the UK, USA, and APAC.
Healthcare firm GenWorks raised Rs 41 crore ($5 million) in a funding round led by Evolvence Fund, with Somerset Indus Healthcare Fund and Zawawi Group executives participating. The funds will aid in expanding its medical device offerings. Post-investment, GenWorks is valued at around Rs 540-550 crore ($65 million).
Extended reality startup Metadome.ai secured $6.5 million in Series A funding, led by Siana Capital and Chiratae Ventures, with participation from Alteria Capital, 3to-1 Capital, and Manish Choksi’s family office. The funds will support expansion into new regions and the development of advanced XR technologies combined with AI.
