From Instamart naming ex-Myntra chief Nandita Sinha as CEO to Inflexor Ventures securing Rs 400 Cr for Fund III,YourStorybrings you today’s headlines with the latest developments across sectors. Instamart has appointed former Myntra chief executive officer Nandita Sinha as its new CEO, handing leadership of one of India’s largest quick-commerce businesses to a seasoned consumer internet executive at a time when the sector is entering a more competitive and profitability-focused phase. Sinha will take charge on August 3, 2026, succeeding Amitesh Jha, who led the business through a period of rapid expansion. Early-stage, sector-agnostic venture capital firm Inflexor Ventures has announced the first close of its third fund, securing commitments of Rs 400 crore towards its target corpus of Rs 1,250 crore. The fund, named the Inflexor Technology Discovery Fund, is backed by anchor investors including the Self-Reliant India (SRI) Fund, HDFC Asset Management Company (HDFC AMC), and HDFC AMC Select AIF FoF (HDFC FoF). It has also attracted commitments from several leading international institutional investors, the firm said in a statement. House of Student, a student accommodation marketplace, has raised $2 million in a seed funding round comprising equity and debt. The round was led by Saltwater Sutra and Nirmitsu Inspirational Ventures, with participation from strategic investors and existing backers of Unilodgers. The funding will be used to expand the company's global presence, enhance its AI capabilities, grow its accommodation supply and develop new products. Founded by Vaibhav Verma, House of Student operates a marketplace with more than 2.5 million verified student rooms across over 25 countries. Hegdinvst, a Chennai-based alternative investment manager, has raised $1.3 million (Rs 11.5 crore) in an oversubscribed Series A funding round backed by domestic and international high-net-worth investors. The capital will primarily fund the sponsor and manager commitment for the firm's proposed SEBI Category III Alternative Investment Fund, a multi-asset hedge fund. Founded by Aditya Bhandari, Hegdinvst manages investment strategies across private and public markets through its alternative investment funds, serving family offices, ultra-high-net-worth individuals and other investors. Yaanendriya, a Bengaluru-based deeptech company developing sensor, navigation and control technologies for autonomous systems, has raised Rs 15 crore in funding from venture capital firm Piper Serica. The investment will be used to strengthen research and development, accelerate product development and expand the company's portfolio of high-precision navigation systems. Yaanendriya develops technologies for drones, ground robots, spacecraft and underwater vehicles, with products designed to operate in GNSS-denied environments. The company also plans to advance indigenous MEMS accelerometer and gyroscope technologies for aerospace and autonomous applications. Invest Qatar ha
