Four funding rounds closed on 3 August 2026, spanning EV drivetrains, insurance distribution, coffee equipment, and EV charging infrastructure. The day's largest equity round went to Pune-based Matel Motion & Energy Solutions, which pulled in ₹130 crore (~$15 million) in a Series B led by UC Impower. On the deal front, edtech firm Imarticus Learning made its first international acquisition, buying Singapore's BELLS Institute for ₹800 crore as it prepares for a ₹1,000 crore IPO. IPO news also dominated the broader market: logistics tech firm LEAP India filed its RHP for a ₹2,480 crore public issue, while Shiprocket is reported to be days away from launching its own IPO at a ₹7,000 crore valuation. Pune-based Matel Motion & Energy Solutions designs and manufactures motors, motor controllers, and integrated powertrains for electric vehicles and industrial applications. Founded in 2017 by Sunil Patel and Netaji Patro, the company supplies two-wheeler, three-wheeler, and off-road EV OEMs, and began mass production of its powertrains in April 2024. Matel raised ₹130 crore (~$15 million) in a Series B round led by UC Impower. Catamaran joined as a new investor, and existing backer Transition VC also participated. The company had previously raised $4 million in a Series A led by Transition VC in May 2024. The fresh capital will fund expanded manufacturing capacity, R&D, product development, and hiring across engineering and production teams, alongside select international expansion. IIRM Holdings India Ltd is the holding company of India Insure Risk Management and Insurance Broking Services, India's first licensed insurance broking firm, operating since 2003. The group spans India, Singapore, Sri Lanka, the Maldives, and Kenya, serving around 2,000 corporate clients and 1,00,000 retail customers across 18 offices. IIRM Holdings raised ₹1,500 million(~₹150 crore, roughly $18 million) through a combination of Equity Shares and Fully Convertible Warrants priced at ₹143.28 per security. The round was led by Carpediem Capital and Sanshi Fund - I, and remains subject to shareholder and regulatory approvals. Proceeds will support business expansion, strategic acquisitions, capital expenditure, and working capital. IIRM is actively consolidating insurance brokers in India and overseas and handled gross written premiums in excess of ₹1,600 crore in FY26. Kaapi Machines is a coffee equipment and services provider led by Abhinav Mathur, serving café chains, QSRs, speciality roasters, hotels, and corporate clients across India. The company is the official Indian distributor for brands including La Marzocco, Mahlkönig, Rancilio, and Probat, and also runs the Something's Brewing e-commerce platform for home brewers. The company secured an equity infusion of ₹50 crore (~$6 million) from Sedna HoReCa, a private equity-backed B2B HoReCa solutions provider, alongside a strategic partnership. The partnership is expected to expand Kaapi Machines' product portfolio, strength
