Startup news and updates: daily roundup (November 02, 2026)
From AI-powered, full-stack clean energy deployment platform, Two Point O Capital (TW.O), raising $10 million in a funding round led by Transition Venture Capital, to Competition watchdog CCI approving Dutch investment group Prosus' proposal to acquire a stake in Sachin Bansal-led fintech firm Navi, here are the latest developments across sectors.
Featured Stories
Two Point O raises $10M led by Transition Venture Capital
Two Point O Capital (TW.O), an AI-powered, full-stack clean energy deployment platform for commercial and industrial (C&I) businesses, has raised $10 million in a funding round led by Transition Venture Capital. Existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also participated in the round.
TW.O said it will use the funds to expand into new asset classes, including battery energy storage systems (BESS), and deepen its presence in existing segments such as solar, energy efficiency and wastewater treatment.
Latest News
Prosus investment in Sachin Bansal's Navi gets CCI nod
Competition watchdog CCI has approved Dutch investment group Prosus' proposal to acquire a stake in Sachin Bansal-led fintech firm Navi Ltd, paving the way for the investment group to deepen its presence in India's digital financial services sector.
"The proposed combination involves the acquisition of certain shareholding in Navi Ltd (target) by MIH Payments Holdings BV (acquirer)," the regulator said in a release. The Competition Commission of India (CCI) said it has approved the proposed deal.
Funding News
ValueQuest Tristar Fund raises over Rs 2,100 Cr for advanced manufacturing
ValueQuest Tristar Fund, a private equity fund that backs India’s advanced manufacturing sector, has received more than Rs 2,100 crore in commitments from investors. It reached this within 15 months of its first close, beating both its original target and the full greenshoe (the extra amount a fund is allowed to raise above its target).
The fund invests in aerospace, defence, precision engineering and manufacturing linked to the energy transition.
Other News
Razorpay Wins Final IFSCA Licence to Run Cross-Border Money Movement from GIFT City
Razorpay has received its final Payment Service Provider licence from the IFSCA, following in-principle approval in April 2026. The licence lets it move money in and out of India from GIFT City under a single regulatory framework.
Its infrastructure supports global investing, international collections, settlements and multi-currency accounts, with banking integrations live with RBL Bank and ICICI Bank. Investment platforms can integrate once, cutting timelines from months to two to three weeks. The move responds to rising demand, as Indian residents put $2.65 billion into overseas stocks and debt in FY26, up 56 per cent year on year.
Arrowhead AI launches Fletch, a voice model built for India and Southeast Asia's multilingual conversations
Arrowhead AI, a Bengaluru-based voice AI company, has launched Fletch, an in-house text-to-speech model for multilingual customer calls. It supports 14 languages, switches between them mid-sentence and offers 12 emotion styles. Fletch reports 80 milliseconds of latency and starts speaking in under 100 milliseconds.
Already powering over one million calls a day for clients such as Axis Bank and RBL Bank, it claims roughly 30% better pronunciation accuracy on selected names and terms, a figure the company stresses is not an overall call-resolution gain. Arrowhead is adding Malay and Indonesian support ahead of Singapore FinTech Festival 2026.
BikeWo Green Tech signs MoU with Eden Green Energy to explore electric mobility opportunities
BikeWo Green Tech Limited has signed a strategic Memorandum of Understanding with Eden Green Energy Private Limited to explore collaboration in electric mobility and sustainable transportation. The companies will look at opportunities in EV fleet solutions, vehicle leasing, charging infrastructure, and workforce, rider and operational management.
BikeWo brings expertise in leasing, infrastructure and business development, while Eden contributes workforce and operational strengths. Eden's Managing Director said the partnership aligns with plans to expand dedicated electric fleets and charging networks in Tamil Nadu, including Chennai and Tiruchirappalli. Both firms aim to build scalable, zero-emission mobility solutions.
Fibe launches UPI payments on its App after NPCI third-party provider approval
Digital lending platform Fibe has launched its UPI offering following NPCI approval to operate as a Third-Party Application Provider. The service is open to consumers across India, including those who are not existing Fibe customers. Users can pay through bank accounts, RuPay Credit Cards and eligible credit lines, all within a single UPI experience.
The launch adds an everyday payments layer to Fibe's range of products, which includes the Fibe Axis Bank Credit Card, third-party FDs and Loan Against Mutual Funds. Group CEO Akshay Mehrotra said the aim is to give users greater choice, control and value in every transaction.
DHL Express appoints Sandeep Juneja to lead South Asia and India business
DHL Express has appointed Sandeep Juneja as Senior Vice President for South Asia and Managing Director for India, effective 1 November 2026. He succeeds R. S. Subramanian, who moves to Blue Dart as Managing Director. Juneja joined DHL Express in 2004, has sat on the India Management Board since 2007 and has led the commercial function since 2013.
He will focus on customer partnerships, people and sustainable growth, and will also oversee Nepal, Bhutan, the Maldives, Sri Lanka and Bangladesh. Asia Pacific CEO Ken Lee said Juneja brings the market knowledge and customer relationships needed for the next phase of growth.
(The copy will be updated with the latest news through the day)
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