Manipal Health Enterprises has acquired a hospital site in Mumbai’s Andheri for Rs 495 crore, a major purchase that forms part of a larger Rs 908 crore deal. The transaction highlights a growing investor appetite for healthcare-focused real estate in India’s biggest cities, where expansion plans increasingly hinge on acquiring prime land and facilities.
Venture capital funding into Indian startups fell in the first week of May, driven by fewer deals and the absence of high-value transactions. Total funding came in at $129 million across 19 deals, down from $219 million the prior week. Skyroot Aerospace’s $60 million round stood out, but weekly deal counts stayed around 20 amid macro uncertainty.
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Snap says its $400 million deal with Perplexity was “amicably ended,” less than a year after the partnership was announced. The agreement, revealed last November, aimed to integrate Perplexity’s AI search engine directly into Snapchat. With the integration plans now off the table, the move raises fresh questions about how quickly big AI features translate into product launches.
India’s real estate deal value fell 63% in Jan–Mar 2026 to $763 million, even as transaction count stayed relatively steady at 32. The drop was driven by fewer large, high-value deals, with private equity and M&A activity also weakening. Analysts point to a value squeeze despite maintained volume, highlighting a tougher funding and acquisition environment.
Patanjali Ayurveda is stepping into insurance, acquiring a majority stake in Magma General Insurance as part of a INR 4,500 crore deal alongside the Adar Poonawalla-backed DS Group. The move follows Patanjali’s past disruptions in FMCG and its turnaround of Ruchi Soya into Patanjali Foods. The big question: can the same playbook work in insurance?
Indian consumer sector investment fell in FY26, but the number of deals rose sharply. Investors appear to be moving away from large, single-shot bets toward smaller, diversified investments with tighter operational discipline. Mega deals are largely missing, yet early-stage funding is holding up as companies prioritize filling capability and market gaps instead of chasing only rapid scale.
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