Indian startups saw a focused but meaningful set of capital moves on Wednesday, 27 May 2026, with precision manufacturing startup Tiea Connectors closing a ₹77 crore Series A and PhysicsWallah approving a ₹120 crore investment into its NBFC subsidiary FinZ Finance. The business news front was equally active. Byju Raveendran was sentenced to six months in prison by a Singapore court for contempt; Physis Capital, founded by former Inflection Point Ventures executives, announced the final close of its maiden ₹400 crore fund; spice brand Pushp Masale filed its DRHP for an OFS-only IPO; and the Supreme Court quashed the ₹202 crore CCI penalty on Amazon India in the long-running Future Coupons case. Tiea Connectors, a manufacturer of interconnect and contact solutions, has raised ₹77 crore (~$8 million) in a Series A funding round led by IvyCap Ventures, with participation from Jamwant Ventures, 8X Ventures, and several HNI investors. Founded by Ajith Sasidharan, Tiea develops high-performance connectors, precision contacts, and connectivity solutions for mission-critical applications across electric mobility, aerospace, defence, avionics, and industrial sectors. The Bengaluru-based startup will use the funds to expand manufacturing infrastructure, strengthen R&D and product engineering, improve automation, and scale operations. Tiea focuses on product design, rapid prototyping, tooling, material engineering, miniaturisation, and precision manufacturing, working with OEMs and manufacturers that need high-reliability interconnection systems. Edtech unicornPhysicsWallahhas approved a ₹120 crore investment into its wholly-owned subsidiary FinZ Finance through subscription to up to 2.66 crore equity shares on a rights basis at ₹45 per share. The capital infusion is aimed at augmenting the working capital of FinZ Finance and supporting the expansion of its business operations. FinZ Finance was incorporated in July 2024 and received its NBFC licence from the Reserve Bank of India in September 2025, commencing operations in March 2026. The move reflects PhysicsWallah's push beyond its core test-prep business into adjacent consumer segments, alongside its earlier expansion into yoga and wellness and its pending partial stake acquisition in Rojgar With Ankit. In Q3 FY26, the Noida-based firm reported 34% year-on-year revenue growth to ₹1,082 crore. Byju Raveendran, founder of embattled edtech firm Byju's, has been sentenced to six months in prison by a Singapore courtfor contempt of court. The court held him guilty of repeatedly violating multiple court orders related to disclosure of his assets since April 2024, and directed him to surrender before authorities and pay the legal costs of $70,500. In a media statement, Raveendran denied wrongdoing and said settlement talks with lenders are nearing a conclusion. The case was pursued by a subsidiary of Qatar Investment Authority. Byju's, once valued at $22 billion at its 2022 peak, is now navigating insolvency pro
