YOGa Clean Air Raises ₹20 Cr; Groww AMC Gets ₹580 Cr

In a significant development for India's burgeoning clean technology sector, YOGa Clean Air has successfully closed a ₹20 crore Series A funding round. The investment was spearheaded by Info Edge Ventures, with crucial participation from notable figures including Deepinder Goyal, the visionary behind Zomato and Eternal, and Three Words Capital. This capital infusion is earmarked to bolster the company's market penetration in existing territories, facilitate expansion into new metropolitan and secondary cities, and extend its innovative air purification systems to public transportation and other outdoor applications.

Founded in 2019 by Sachin Panwar, Deepak Raina, and Gaurav Nagar, the Gurugram-based firm has established itself as a leader in indoor air quality solutions. Its proprietary Clean Air Bubble technology, recognized for its two patents, actively filters airborne contaminants and regulates CO2 levels to maintain optimal indoor environments. YOGa Clean Air currently serves over 5,000 households and hundreds of institutions across 11 Indian cities, addressing a growing public concern for healthier living and working spaces, a trend amplified by increasing urbanization and pollution levels.

Beyond the funding news, the Indian financial ecosystem saw other key movements. Groww Asset Management finalized a substantial strategic investment of up to ₹580 crore from State Street Investment Management. This transaction, initially announced in January, grants State Street a significant 23% economic stake and 4.85% voting rights in Groww AMC. The deal underscores the growing influence of fintech-driven asset management firms in India, with Groww AMC's assets under management nearly tripling year-on-year to approximately ₹4,730 crore by May 2026. This partnership is expected to leverage State Street's global expertise in indexing and ETFs to enhance Groww's offerings.

In contrast, the craft beer industry faced headwinds. Bira 91, operated by B9 Beverages, is confronting a renewed insolvency threat. Glass manufacturer HNGIL has issued a default notice demanding ₹11.77 crore for customized bottles allegedly manufactured but not collected. B9 Beverages has a ten-day window to settle the debt or demonstrate a pre-existing dispute before HNGIL can escalate the matter to the National Company Law Tribunal (NCLT). This situation adds to the company's existing financial challenges, reportedly involving substantial unpaid dues to employees and vendors, estimated to be around ₹1,000 crore.

Further regulatory developments are anticipated from the National Payments Corporation of India (NPCI). The organization is reportedly preparing to launch interoperable UPI AutoPay mandates. This enhancement will allow users to seamlessly transfer existing subscription or payment mandates between different UPI applications without the need for cancellation and re-registration. Such a move is expected to streamline recurring payments for consumers and merchants alike, particularly as UPI AutoPay transaction volumes have surged dramatically, with top banks processing nearly 1.8 billion e-mandate transactions in July 2026 alone, a threefold increase from the previous year.

Meanwhile, the e-grocery space witnessed a significant exit. After 12 years of operation, Gurugram-based Satvacart has ceased its operations. The founder cited exhaustive efforts to secure funding, strategic investments, or an acquisition as unsuccessful before making the difficult decision to close. The company, an early entrant in the online grocery market, struggled to compete against the rapid expansion and scale of quick commerce players like Blinkit and Zepto, alongside established e-commerce giants.