Elevar Equity

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Startups & Venture Capital 08 Oct 2026, 11:57 AM IST

byteXL Raises $9 Million to Expand AI and Tech Skilling Across Engineering Colleges

Hyderabad-based B2B edtech startup byteXL has raised $9 million, or about ₹86.7 crore, in a funding round led by Elevar Equity. The company said the capital will support its push to bring technology and AI skilling programs to more engineering colleges across India, as institutions face mounting pressure to align graduates with industry demand.

By RDU Global Wire5 min read

National Governance & Policy08 Oct 2026, 02:45 AM IST

Cabinet Approves Rs 10,000 Crore SME Growth Fund as India Deepens Equity Backing for Smaller Firms

India’s Cabinet has approved a Rs 10,000 crore SME Growth Fund that will make direct equity investments in small and medium enterprises, marking a notable shift from credit-led support to risk capital. The move is aimed at helping promising firms scale faster, strengthen balance sheets and access growth financing that is often unavailable through traditional lending channels.

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Markets, IPOs & Wealth03 Oct 2026, 04:00 PM IST

Global Equity Funds Pull In $34.76 Billion as AI Optimism and Softer U.S. Inflation Lift Risk Appetite

Global equity funds attracted $34.76 billion in the week through September 30, extending inflows for a second straight week as investors leaned into stocks on the back of artificial intelligence enthusiasm and easing U.S. inflation pressures. The broad-based bid covered U.S., European and Asian equities, even as emerging-market funds recorded a fourth consecutive week of outflows, underscoring a selective global rotation rather than a full-risk rally.

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Global Economy & Central BanksRecently

Racehorse Market Sets Record as Tax Breaks and Equity Gains Fuel Demand

The global thoroughbred market has surged to a new high, with Keeneland’s 2026 September Yearling Sale grossing a record $536.7 million, underscoring how wealth effects from rising stock markets and favorable tax treatment are reshaping luxury asset demand. The result signals robust investor appetite for elite racehorses even as broader economic conditions remain uneven.

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Global Economy & Central BanksRecently

Racehorse Market Shatters Records as Tax Relief and Equity Gains Fuel Demand

Keeneland’s 2026 September Yearling Sale, the world’s largest thoroughbred auction, generated a record $536.7 million, underscoring how wealth effects from a stronger stock market and favorable tax treatment are spilling into the bloodstock trade. The result points to a broader surge in high-end asset appetite, even as the global economy remains uneven and central banks keep a close watch on liquidity conditions.

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Macro Economy & Fiscal PolicyRecently

India’s IPO Pipeline Swells Even as Equity Markets Stay Muted

India’s primary market is defying the weakness in listed equities, with a rising number of initial public offerings and larger issue sizes drawing sustained demand. While benchmark indices have softened and foreign investors have pared exposure to secondary-market stocks, the IPO lane remains active, supported by strong domestic liquidity and selective overseas participation.

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Macro Economy & Fiscal PolicyRecently

India’s IPO Pipeline Swells to Rs 3.86 Lakh Crore, Signalling a Deepening Equity Market Surge

India’s potential mainboard IPO pipeline has climbed to an estimated Rs 3.86 lakh crore in the second half of 2026, according to the Association of Investment Bankers of India, underscoring the scale of fundraising still waiting to enter the market. The figure is nearly 3.5 times the Rs 1.10 lakh crore raised so far this year, with a large share already cleared by the Securities and Exchange Board of India and another significant tranche still awaiting approval.

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Co-Occurring Entities

Entities frequently referenced alongside Elevar Equity:

India(1)Hyderabad(1)byteXL(1)