Neosapien Secures $2M Funding Led by Merak Ventures

• * AI wearable brand Neosapien secured $2 million in funding, led by Merak Ventures, for product development and expansion.
• * PhonePe launched a new service allowing users to make daily mutual fund investments starting from Rs 10.
• * Action Construction Equipment partnered with Kotak Mahindra Bank to offer flexible financing for backhoe loader buyers.
• * Managed office provider Isprout borrowed Rs 60 crore from Tata Capital to accelerate expansion across Indian metros.
• * Realty player Ekta World repaid Rs 170 crore to ICICI Bank, funding it through the success of one of its projects.

Why It Matters: These business developments offer new investment options and expanded services.