Zepto, a quick commerce startup based in India, has changed the name of its parent company from Kiranakart Technologies Private Limited to Zepto Private Limited after receiving regulatory approval from the Registrar of Companies in Mumbai. The move, which follows a similar strategy by rivals such as Swiggy ahead of their IPOs, comes as Zepto prepares for an initial public offering in the coming months. The company has raised approximately $1.35 billion over five months, with recent fundraising rounds including $665 million in June 2024, $340 million in August 2024, and $350 million from Indian investors. Zepto is also in talks to raise another $300 million in a secondary round. Its gross merchandise value is now close to $4 billion, a 300 percent year-on-year increase. Akhil Gupta, vice chairman of Bharti Enterprises, recently joined Zepto's board. Garuda Aerospace, a drone technology company, has raised ₹100 crore in a Series B funding round led by Venture Catalysts, valuing the company at $250 million. Founder and CEO Agnishwar Jayaprakash stated that the funds will be used to expand drone production and accelerate the development of advanced defense drone technologies. Magma, an industrial business-to-business solutions provider, has secured $5 million in a Series A funding round led by Capria Ventures, with participation from General Catalyst and Accion Venture Lab. The company plans to invest the new capital in infrastructure and value chain optimization to become the operating system for factories across India. Vee, a startup originally founded in Israel that leverages AI to support nonprofit organizations, has chosen Miami for its new headquarters, located in the Wynwood Gateway building. Vee employs 15 people in Miami and 43 globally, and has raised about $19 million in venture capital, including $7 million for developing its AI products. Vee's AI agents, Maggie and Grant, provide nonprofits with social media management and grant writing support. Subscription pricing ranges from $349 to $835 monthly. The Miami office will focus on go-to-market teams, with further hiring planned. Chilean fintech startup Finvix is seeking to establish operations in the United States after being selected by EndeavorLAB of Miami and RevTech Labs for its fintech accelerator program.