The Tech Panda examines the forces shaping ecosystem behaviour and investment sentiment in India.
Hinduja Group to Invest INR2,500 Cr in Tamil Nadu Towards Renewables & New Mobility Solutions
The Hinduja Group – a 111-year-old transnational conglomerate, announced plans to invest INR2,500 crore in Tamil Nadu. The investment will span across the group’s businesses including renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions.
Ashok Hinduja, Chairman, Hinduja Group of Companies (India), said, “Our INR2,500 crore commitment is a statement of our confidence in Tamil Nadu and our desire to participate in its next phase of growth. With its strong industrial base, talent and renewable energy potential, Tamil Nadu is well positioned to lead India’s energy and mobility transition. We look forward to building on our long-standing association with the state and working with the Government of Tamil Nadu to create lasting value through investments in clean energy, electric mobility and other emerging opportunities.”
Bluehill.VC Announces INR400 Cr Final Close of Maiden Frontier-Tech Fund
Bluehill.VC, a frontier-tech focused venture capital firm, today announced the final close of its maiden INR400 crore fund, including the subscription of INR50 crore greenshoe option. The fund has attracted strong participation from institutional investors including SIDBI, the Governments of Kerala and Uttar Pradesh, alongside leading family offices, accomplished entrepreneurs and UHNIs from India and the Middle East.
Manu Iyer, Managing Partner & Co-founder, Bluehill.VC, said, “For the past two decades, venture capital has largely been driven by consumer, software and internet businesses. We believe the next wave of enduring value will be created by companies solving hard engineering and scientific problems. India today has the talent, policy momentum and entrepreneurial ambition to build globally competitive businesses across defence, semiconductors, space, energy and advanced manufacturing.
“The final close of our maiden fund is a strong endorsement of that belief. More importantly, it reflects the confidence our investors have placed in our ability to identify exceptional founders early and partner with them for the long term. Our ambition is simple – to help build companies from India that don’t just participate in global markets, but define them.”
Bitget Institutional Launches $300M Fund to Support Quant Firms & Asset Managers
Bitget, the Universal Exchange (UEX), launched Project Archimedes, a $300 million institutional capital program for quantitative trading firms, asset managers and market makers. With the vision of backing minds that move markets, Project Archimedes will support firms at different stages of growth through two programs. The Capital Provider Program ($100 million) will be allocated to accelerate emerging and growing quantitative firms running market-neutral strategies. Bitget will provide capital, with returns shared under an agreed structure and risk framework. And the Interest-Free Lending Program ($200 million) will be available to establish institutions with mature strategies and existing trading scale. Eligible firms can access interest-free capital by meeting defined trading volume or position requirements, reducing funding costs while increasing the capital available to their strategies.
“Strong strategies often reach a point where talent is no longer the constraint but capital might,” said Gracy Chen, CEO at Bitget. “Project Archimedes gives capable teams the acceleration it needs to scale, while aligning capital, risk and execution around sustainable performance. Our goal is to boost over fifty projects in the next six months with this capital.”
The Wealth Company Launches Gift City Fund to Give NRIs a Single, Dollar-Denominated Route into India’s Mutual Fund Market
For millions of Indians living outside the country, investing in India’s growth has often meant navigating two worlds, the opportunity of India’s capital markets and the complexity of accessing them from overseas. The Wealth Company is seeking to simplify that equation. The Company has launched The Wealth Company IFSC FoF, an open-ended Category III Alternative Investment Fund based in GIFT City IFSC, designed to give eligible non-resident investors, including NRIs, a single, US-dollar-denominated route to a professionally managed portfolio of Indian mutual funds and ETFs. With this, The Wealth Company has forayed into the Category III AIF segment, marking another significant step in expanding its alternative investment platform and offering sophisticated investors access to differentiated, strategy driven investment opportunities.
“India’s growth has stopped being a story that Indians only watch from abroad. For many, it is becoming an opportunity they want to participate in,” said Ms. Madhu Lunawat, Founder, The Wealth Company. “GIFT City gives us the ability to build that bridge. We want an Indian living overseas to think about India as part of their long-term wealth portfolio and not as a market that is difficult to access from where they live.”
Baroda BNP Paribas Mutual Fund Mobilises Over INR1,200 Cr Across Two Thematic Fund Launches
Baroda BNP Paribas Mutual Fund mobilised over INR1,200 crore across its two thematic fund launches in 2026. The Baroda BNP Paribas ESG Best-in-Class Strategy Fund and the Baroda BNP Paribas Services Fund. The recently concluded Services Fund New Fund Offer (NFO) garnered over INR590 crores, following the successful INR640 crores mobilisation by the Baroda BNP Paribas ESG Best-in-Class Strategy Fund earlier this financial year.
“The response to our ESG Fund and Services Fund reflects the growing maturity of Indian investors, who are increasingly looking beyond broad market exposure towards investment opportunities driven by long-term structural trends. At Baroda BNP Paribas Mutual Fund, our endeavour is to build differentiated investment solutions that are backed by rigorous research and active fund management, helping investors participate in India’s evolving growth story. We remain committed to expanding our product suite thoughtfully while staying focused on delivering long-term value to our investors.” – Sanjay Grover, MD & CEO, Baroda BNP Paribas Asset Management (India) Pvt Ltd.
