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Snapdeal Flipkart Acquisition Gets Shareholder Approval

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Snapdeal Flipkart Acquisition,Ratan Tata,Snapdeal shareholders,PremjiInvest,Ontario Pension Fund,Startup Stories,2017 Latest Business News,Snapdeal and Flipkart Deal,snapdeal board,snapdeal Latest News

The long winding acquisition talks between ecommerce rivals Flipkart and Snapdeal might finally come to a conclusion. According to media reports, in a recent development Tata Group chairman emeritus Ratan Tata, Temasek, BlackRock and Foxconn have given their in principle approval to the deal. The Snapdeal board, according to sources, have asked minority shareholder’s approval on the revised Flipkart deal which is worth $ 950 million to $ 970 million.

The Gurgaon based online market space startup, Snapdeal requires the approval of at least 75% of minority shareholders for the deal to go ahead, as a part of the clauses in the revised deal. However, the merger still awaits the final approval from PremjiInvest and Ontario Pension Fund, among others. Inc42 reported, a source close to the deal said, “Flipkart wants all the shareholders to agree to the deal. If that does not happen, then the ecommerce player might decide to not move ahead with the deal.

In August 2014, Ratan Tata led a funding round and invested an undisclosed amount in the upcoming eretail company. Temasek participated in two funding rounds investing an undisclosed amount in June 2013 and $ 100 million in a Series E round in May 2014. There are 30 other investors whose approval is required for the merger. SoftBank Corp, Ru-Net Holdings, Tybourne Capital, Alibaba Group, Bessemer, Venture Partners, IndoUS Ventures, Kalaari Capital, Saama Capital, eBay, Nexus Venture Partners, Intel Capital and Singapore based investment entity Brother Fortune Apparel are the other Snapdeal investors.

Snapdeal, reportedly left the decision of the acquisition on the shareholders because the revised termsheet had numerous clauses and holdbacks. One of the clauses put the liability of any wrongdoing by the company on the shareholders, post the acquisition. The Deccan Herald reported the Snapdeal board is expected to meet next week to make a final decision and the Flipkart board will meet later this week to discuss matters pertaining to the buyout.

As a part of the merger, Japan based SoftBank will invest $ 2 billion in Flipkart to own 20% of the combined entity, buying out one third of Tiger Global‘s shares in Flipkart.

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Apple’s iOS 18.7 vs iOS 26: Which Update Should You Choose for Your iPhone in 2025?

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StartupStories iOS 26

Apple’s recent iOS 18.7 rollout provides a secure alternative to the visually revamped iOS 26, empowering iPhone users to choose between system stability and next-generation features. While iOS 18.7 focuses on important security updates and bug fixes, it maintains the familiar iOS experience for users of older devices like iPhone XS, XS Max, XR, and SE models up to the 16e. The update is lightweight—about one-fifteenth the size of iOS 26—which means quicker downloads and less storage consumption. It’s designed for reliability and fast installation, making it ideal for users who prioritize a stable and secure operating system over design changes.

In contrast, iOS 26 introduces Apple’s ambitious “Liquid Glass” interface with a transparent look across apps, enhanced widget and lock screen customization, smarter Siri, and improved camera controls. These innovations, however, come with a larger update size and compatibility exclusive to newer iPhones beginning from the iPhone 11 series. While early adopters can enjoy the futuristic interface and AI-powered upgrades, major OS launches may present initial bugs or app compatibility issues that cautious users typically wish to avoid.

Choosing between iOS 18.7 and iOS 26 depends on each user’s priorities—those seeking guaranteed stability and fast security fixes should consider sticking with iOS 18.7, while users excited about premium features and visual changes should migrate to iOS 26 if their device supports it. Both updates are available through Software Update settings, and Apple will support iOS 18.7 for only a limited duration, eventually encouraging all users to transition to the latest platform. This dual update strategy ensures every iPhone user can safely update their device for a seamless and secure experience in 2025.

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Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

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EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, a professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir stands out in India’s indigenous UAV sector by developing both hardware and software in-house. Backed by over 15 years of rotorcraft research and holding eight patents in flight dynamics and autonomous systems, the company has rapidly established itself as a pioneer in the deep-tech drone ecosystem.

EndureAir’s flagship drone platforms, including the Sabal heavy-lift UAV family inducted by the Indian Army’s Eastern Command and the Vibhram drone supporting Telangana’s Medicine from the Sky program, are deployed in critical operations. The startup also collaborates with Bharat Electronics Limited for co-developing high-altitude drones and works with Bhutan’s Druk Holding & Investments on remote logistics missions. With this funding, EndureAir aims to position India as a global leader in UAV innovation, advancing resilient domestic drone systems for defense and enterprise applications.

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Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

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Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

The infusion of capital is earmarked to accelerate key initiatives, including expanding Venture Catalysts’ leadership team, launching new investment funds, and exploring advanced technology solutions with an emphasis on AI-enabled due diligence and reporting tools. Additionally, the firm aims to strengthen its footprint across major Indian startup hubs and grow its suite of Category II alternative investment funds, harnessing this growth to support a new wave of promising startups and founders within the ecosystem.

Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

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