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SoftBank has sold 1.2% of its stake in Ola Electric, reducing its holding to 11.7%. It also sold 25.9% of its rights entitlements in Ola Electric’s ₹1,000 crore rights issue.
Why it matters
Watch Ola Electric’s financial health; textile MSMEs should monitor EV sector trends for supply chain opportunities.
Tata Communications plans to invest ₹4,350 Cr to build 10,000 km of AI-ready connectivity infrastructure across India by FY36. The network will support data centres and AI workloads.
Why it matters
Textile MSMEs should prepare for faster digital trade and cloud-based supply chain tools.
Bengaluru-based QwikBuild has secured $2.3 million in pre-seed funding led by Globalway. The startup builds AI-driven enterprise software to reduce development and deployment time. It also announced a joint venture to enter Japan’s market.
Why it matters
Textile MSMEs adopting digital tools should watch for AI-driven workflow automation solutions that could streamline operations.
Fintech startup axiTrust is raising $5 mn in Series A funding led by Argor.vc to build digital surety bonds. The startup aims to replace traditional bank guarantees, freeing up ₹15 lakh crore of MSME working capital locked as collateral.
Why it matters
Textile MSMEs should watch for digital surety bonds as an alternative to bank guarantees to improve cash flow.
