OZi, a quick-commerce platform for baby and kids' products, has raised $6.2 million in a series A round led by RTP Global, along with existing investors Blume Ventures, Huddle Ventures and Zeropearl VC. The fresh capital will be used to deepen OZi's presence across Gurugram and NCR, strengthen brand trust, advance technology and operational capability, and expand its curated assortment.

Quick food delivery startup Swish has raised $38 million (around ₹356 crore) in a Series B funding round. Led by Hara Global and Bain Capital Ventures, the round also saw participation from Accel, Stride Ventures and Alteria Capital. According to TechCrunch, the round values the Bengaluru-based startup at $139 million post-money, more than double its valuation a year ago.

Microsoft-backed chipmaking platform Lace has raised $40 million to accelerate development of advanced chipmaking equipment. With the technology Lace has engineered, the company can create chip designs that are 10 times as small as what is currently possible, CEO Bodil Holst said. This technology would enable chipmakers to print wafers at ​what is "ultimately atomic ⁠resolution", she added.

Bengaluru-based nuclear energy startup Pranos Fusion raised $6.8 million in an early-stage funding round. The investment was co-led by pi Ventures and Ankur Capital, along with participation from Groww Co-Founder Lalit Keshre, the founders of Razorpay, and Bhukhanvala Industries. The startup plans to deploy funds to strengthen R&D, focusing on developing high-temperature superconducting magnets.

OpenAI has told investors that its reliance on Microsoft could pose a business risk, CNBC reported, citing a document resembling an IPO prospectus. "If Microsoft...terminates its commercial partnership with us, or if we're unable to...diversify...partners, our...financial condition could be adversely affected," it said. OpenAI is reportedly planning an IPO that could value it at up to $1 trillion.

Meta has hired the founders and team behind AI startup Dreamer to work on AI agents and associated projects at Meta. Dreamer, launched earlier this year, was co-founded by former Stripe CTO David Singleton and ex-Google senior executives Hugo Barra and Nicholas Jitkoff. All three are joining Meta along with their team, according to a post by Meta's Alexandr Wang.

OpenAI CEO Sam Altman said he has stepped down from the board of directors of Helion Energy, the fusion startup ​he has backed since 2015. Altman added that he'll ​have a financial interest in Helion and will rescue himself ⁠from any deal negotiations. The move comes amid reports of OpenAI being in advanced talks to buy electricity from Helion Energy.

OpenAI is in early talks to buy power from fusion startup Helion, backed by Sam Altman, Axios reported. The deal could guarantee OpenAI 12.5% of Helion's output, starting with five gigawatts by 2030 and 50 gigawatts by 2035, the report added. In 2023, Microsoft signed a similar deal with Helion to start buying fusion power starting from 2028.

Coal India announced an in-principle approval for divestment of up to a 25% stake in subsidiaries Mahanadi Coalfields Limited (MCL) and Southern Eastern Coalfields Limited (SECL). The divestment of shares will be done through offer-for-sale, while the SECL divestment also includes a fresh issue of shares of up to 10%. Coal India board also approved the closure of MJSJ Coal.

Indian Bank on Monday said it has raised ₹5,000 crore through a 10-year long-term infrastructure bond issue at a coupon rate of 7.15%. The lender reportedly received several bids, including two bids for ₹4,100 crore and ₹5,050 crore at coupon rates of 7.14% and 7.15%, respectively. Pay in and allotment for the bonds is set to take place on Tuesday.