ANGEL INVESTING
US visa squeeze hits Indians; Kiranas, Q-comm go lean before GST 2.0
US visas will become harder for Indians as the Trump administration shuts down a popular fast-track route. This and more in today’s ETtech Top 5.
Venture Catalysts raises Rs 150 crore in mix of primary, secondary transactions
Venture Catalysts has raised Rs 150 crore through a mix of primary and secondary shares, valuing it at $200 million. The funds will help expand teams, launch new funds, and develop AI tools. New investors include Ashish Kacholia, Shah Rukh Khan’s family office, and Aishwarya Rai.
Buy, Sell or Hold: Antique sees over 30% upside in Cyient DLM; JM Financial initiates coverage on Angel One
Brokerages remain bullish on select stocks, with Nomura backing Eternal for its food delivery and quick commerce leadership, Antique initiating coverage on Cyient DLM citing growth recovery and infrastructure strength, and JM Financial starting coverage on Angel One, highlighting its agile model, promoter backing, and resilient performance despite headwinds.
Chennai Angels explore investment opportunities at Sri City SEZ
A delegation from Chennai Angels, comprising 19 members, visited Sri City to assess investment opportunities and business operations within the Special Economic Zone. Led by K Mahalingam, the delegation received insights from Sri City's Founder, Ravindra Sannareddy, on infrastructure and sustainability. The visit included tours of manufacturing facilities of Daikin, Isuzu, and Colgate.
FPIs withdraw Rs 12,257 cr in first week of Sep on strong dollar, US tariff concerns
Foreign investors pulled out Rs 12,257 crore (USD 1.4 billion) from Indian equities in the first week of September, weighed down by a stronger dollar, US tariff concerns, and persistent geopolitical tensions.
AI-powered meet-up apps fight loneliness
AI-driven social apps like 222 and Kndrd aim to combat loneliness by fostering real-world connections through curated dinners, events, and activity meetups. Unlike swipe-based dating platforms, they emphasise shared values and long-term relationships.
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'Madison Beer' effect: Justin Herbert’s mysterious girlfriend sets social media ablaze. You won’t believe her net worth
Madison Beer is trending all over social media after Justin Herbert led the Los Angeles Chargers to a thrilling victory over the Kansas City Chiefs. The two sparked dating rumours after they were spotted together in Los Angeles in August. Fans playfully attributed Herbert's stellar performance to the "Madison Beer effect," blending sports and celebrity intrigue.
Inside the cannabis wellness rush in India: Booming sales worry experts
India's wellness market sees a rise in cannabis-based products for mental health, fueled by clearer regulations and D2C brands. The market is projected to reach $4.7 billion by FY2032, but experts raise concerns about marketing claims and consumer safety. While legal under Ayurveda, the need for stricter oversight and informed consumer choices is emphasized.
Warner Bros Discovery sues AI photo generator Midjourney for stealing Superman, Scooby-Doo
In a complaint filed in Los Angeles federal court, Warner Bros said the theft enabled Midjourney to train its image and video service to offer subscribers high quality, downloadable images of its characters in "every imaginable scene."
FIIs dump Rs 60,000 crore of India's crown jewels in brutal 2-month rout. What’s wrong?
Foreign Institutional Investors (FIIs) have aggressively sold off Indian financial and IT stocks, withdrawing over Rs 60,000 crore in two months due to concerns about earnings recovery and global economic headwinds. This selloff extends beyond these sectors, impacting oil and gas, power, and consumer goods. Despite this, some experts remain optimistic about India's long-term growth potential.
Warner Bros Discovery sues AI photo generator Midjourney for stealing Superman, Scooby-Doo
Warner Bros Discovery has initiated legal action against Midjourney, alleging the AI photo generation company of copyright infringement. The lawsuit claims Midjourney illicitly used Warner Bros' characters like Batman and Bugs Bunny to train its AI model, enabling users to generate unauthorized images.
Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet
Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.
Cleantech startup QuantE Energy raises $500,000 seed funding from TDV Partners, angel investors
The startup will use the funds to expand digital onboarding, launch community solar pilots, and strengthen financing partnerships with banks, NBFCs, and CSR programmes.
Indian students in US struggle due to visa restrictions and job crunch
Indian students in the US are facing increased hardship. Stricter visa enforcement and fewer job opportunities are making it difficult to manage living costs. Many students are struggling with finances. They are cutting expenses and sharing accommodation to survive. The OPT program is offering fewer opportunities. Consultants are advising caution to prospective students.
ETMarkets Smart Talk: FIIs rotating to midcaps shows smart money chasing growth, says Aamar Deo Singh of Angel One
Aamar Deo Singh from Angel One highlights the market rally fueled by GST reforms and potential US Fed rate cuts. FIIs are shifting from largecaps to mid and smallcaps, targeting growth sectors like consumer discretionary and financials. Emerging themes such as AI, data centers, and semiconductors present long-term wealth creation opportunities in India.
Zanskar raises Rs 2.8 crore in seed funding
Zanskar, a pain-care brand, secured ₹2.8 crore in seed funding led by Zeropearl VC to expand its product line and marketing efforts across digital and offline channels. The investment will also fuel R&D focused on chronic pain and recovery.
Child personal care brand Tuco Kids raises $4 million in round led by RTP Global
Tuco Kids, a Bengaluru-based personal care brand for children, raised $4 million in funding led by RTP Global. The brand plans to use the funds to build brand awareness, drive category creation, and expand its offline presence. Tuco offers skincare and haircare for children aged 3-13, tapping into a fast-growing market.
Shark Tank's Anupam Mittal warns against ‘outsourcing judgement’ to ChatGPT. 'AI can’t fake original point of view'
Anupam Mittal, founder of Shaadi.com and People Group, has warned against overreliance on AI tools like ChatGPT for business decisions. In a LinkedIn post, he emphasized that AI can generate polished content but lacks courage, intuition, and originality. Mittal urged leaders to use AI as a tool, not a substitute for judgment, stressing that true innovation and leadership come from human insight, risk-taking, and independent thinking.
Dexter: Resurrection Episode 10 leaked online, will the finale be released early?
Dexter: Resurrection has quickly earned a reputation as one of television’s most successful revivals, drawing praise from critics for its sharp writing and gripping suspense. Currently streaming on Paramount+ and Amazon Prime Video, the series holds an impressive 95% critics’ score on Rotten Tomatoes.
The Golden Thumb Rule: Valuations Are Like Gravity—Timeless Investing Principles Still Hold: Ambit’s Nitin Bhasin
India’s market is being reshaped by AI, IPOs, and new-age businesses, yet Nitin Bhasin of Ambit Capital stresses that valuations remain the timeless anchor. He highlights risk appetite, management quality, and fundamentals as guiding principles for sustainable investing.
Festive lift for etailers; Elevation’s late-stage push
Happy Friday! Online sales this festive season are expected to reverse three years of slowdown. This and more in today’s ETtech Morning Dispatch.
Ariana Grande’s ‘Eternal Sunshine’ 2026 Tour dates announced — here’s where she’s headed
Ariana Grande is set to hit the stage with her 2026 Eternal Sunshine Tour, marking her first tour in seven years. The announcement came via Instagram following a teaser, the initial schedule with nine North American cities and a five-night London residency, with more dates expected. Since concluding her 2019 Sweetener World Tour, Grande has concentrated on acting and creative projects, including Wicked: For Good and Focker In-Law. Fans can anticipate a mix of songs from Eternal Sunshine alongside her iconic tracks.
Big news for US gamers: NBA 2K26 release date, time, and platforms finally confirmed. When can you play it?
NBA 2K26 is set to launch on September 5, 2025, featuring stars like Shai Gilgeous-Alexander on its cover. The game promises enhanced realism by integrating NBA and WNBA systems. Early access begins on August 29 for those who purchase the Superstar or Leave No Doubt editions. This year, "The Playoffs" mode is now in MyNBA Online.
How technology is democratising entrepreneurship in India
Digital tools are democratising Indian entrepreneurship and empowering individuals. Open networks, affordable smartphones, and national digital infrastructure are lowering barriers related to cost, distance, and trust. This shift is fostering growth in Tier-2 and Tier-3 towns, with increasing participation from women, although deep-tech sectors still lag behind.
Taylor Swift’s 2025 net worth shocks fans: world’s richest female musician finally engaged to Travis Kelce – here’s stunning pics
Taylor Swift has stunned fans again. With a 2025 net worth that makes her the richest female musician in the world, she is finally engaged to NFL star Travis Kelce. Here’s everything you need to know about her wealth, career, and this exciting new chapter in her life.
Japanese cuisine QSR chain Harajuku Tokyo Cafe raises $2 million in seed funding
Harajuku Tokyo Cafe raised $2 million seed funding led by Indian Angel Network to expand its Japanese casual dining chain across India. Founded in 2021, it plans 90 outlets by 2027 and is entering packaged foods. The move reflects growing investor interest in India’s food-service and consumer sectors.
ET Startup Awards 2025: Nominees for Social Enterprise
With this category, we intend to recognise the startup that best embodies the ‘double bottomline’ model, one that combines profits with the public good.
Trump administration planning to send National Guard to Chicago amid crime crackdown
The Trump administration is reportedly planning to deploy the National Guard to Chicago as part of an anti-crime and immigration crackdown, though the exact number of troops and timeline remain unclear. Chicago's Mayor Brandon Johnson has condemned the potential deployment as "uncalled for" and "unlawful," vowing legal action.
From $8K in ‘American Pie’ to $32M fortune: Seann William Scott’s divorce filing reveals his wealth
Hollywood actor Seann William Scott is in a divorce with Olivia Korenberg. Court documents reveal Scott's assets are around $32 million. His income comes from royalties and investments. He owns real estate, stocks, and cars. Scott earned $8,000 for the first American Pie. He now faces legal battles over spousal and child support. The divorce proceedings are ongoing.
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