Seven funding rounds closed on 8 July 2026, spanning edtech, EV mobility, women's health, dairy, voice AI, and skincare, with Elevate Education's ₹170 crore Series D from WestBridge Capital topping the day's deals. Beyond the capital tables, Swiggy crossed a structural milestone as its foreign shareholding dipped below 50%, and Ola Electric moved to contain damage after insolvency petitions from two suppliers sent its shares down nearly 5%. Flipkart's decision to extend its zero-commission policy across all fashion products, regardless of price, added a significant competitive move to what was already a busy news day. Elevate Education, formerly known as Sunstone, is a Gurugram-based higher education platform that partners with colleges and universities to deliver undergraduate and postgraduate programmes backed by technology, placement support, and student success services. It currently works with 22 campuses across 15 cities, supporting more than 25,000 active students. Elevate Education has secured ₹170 crore in a Series Dround from WestBridge Capital, which also led its Series C in August 2022. Founded by Ashish Munjal, Ankur Jain, and Piyush Nangru, Elevate Education targets ₹300 crore in revenue for FY27 and expects to reach profitability within the year. The proceeds will go towards strengthening technology and AI capabilities, expanding the partner institution network, and building academic programmes aligned with industry demand. The company plans to scale its student base to 60,000 and grow to 40 partner institutions by FY29. Milo Drive is a Gurugram-based EV mobility platform founded in 2024 by Monil Jayeshkumar Khatri and Vishal Jewrajka. It operates an asset-light model combining vehicle access, multi-platform demand aggregation, charging intelligence, and data-driven automation for drivers, fleet operators, and mobility entrepreneurs. The company has raised $2.4 million in a seed round led by Caret Capital, with participation from Antler India, Alteria Capital, IAN Capital, Climate Angels, and Aureolis Capital. Milo Drive claims to have powered over one million rides since launch. Funds will be used to support EV adoption and formalise employment for India's driver workforce. The company says its driver app has helped increase driver incomes by 20%, and it cites India's EV ride-hailing market growing at a projected CAGR of 77% to reach $4.2 billion by 2030. Doodhvale Farms is a direct-to-consumer dairy and daily essentials brand founded by Aman J Jain. It operates a vertically integrated model and delivers products across Delhi-NCR, Chandigarh, Ambala, Karnal, and Meerut, while shipping items such as ghee and wood-pressed oils nationwide. Doodhvale Farms has raised $1 millionin a follow-on round from existing investor Atomic Capital Fund I. This follows a $3 million Series A co-led by Atomic Capital and Singularity Early Opportunities Fund in November 2024. Fresh capital will go towards market expansion, deepening distribution in ex
