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Startup news and updates: daily roundup (November 02, 2026)

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Startup news and updates: daily roundup (November 02, 2026)

From AI-powered, full-stack clean energy deployment platform, Two Point O Capital (TW.O), raising $10 million in a funding round led by Transition Venture Capital, to Competition watchdog CCI approving Dutch investment group Prosus' proposal to acquire a stake in Sachin Bansal-led fintech firm Navi, here are the latest developments across sectors.

Two Point O Capital (TW.O), an AI-powered, full-stack clean energy deployment platform for commercial and industrial (C&I) businesses, has raised $10 million in a funding round led by Transition Venture Capital. Existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also participated in the round.

TW.O said it will use the funds to expand into new asset classes, including battery energy storage systems (BESS), and deepen its presence in existing segments such as solar, energy efficiency and wastewater treatment.

Competition watchdog CCI has approved Dutch investment group Prosus' proposal to acquire a stake in Sachin Bansal-led fintech firm Navi Ltd, paving the way for the investment group to deepen its presence in India's digital financial services sector.

"The proposed combination involves the acquisition of certain shareholding in Navi Ltd (target) by MIH Payments Holdings BV (acquirer)," the regulator said in a release. The Competition Commission of India (CCI) said it has approved the proposed deal.

ValueQuest Tristar Fund, a private equity fund that backs India’s advanced manufacturing sector, has received more than Rs 2,100 crore in commitments from investors. It reached this within 15 months of its first close, beating both its original target and the full greenshoe (the extra amount a fund is allowed to raise above its target).


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