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Exclusive: IPO-Bound InMobi Bags INR 32 Cr From Cofounders

India, July 5 -- SoftBank-backed adtech unicorn InMobi has raised INR 32 Cr (about $3.7 Mn) from its cofounders - Naveen Tewari, Abhay Singhal, Piyush Shah, and Mohit Saxena - and Singarpore-based Vat... Read More


Smartworks IPO To Open On July 10, Issue Size Reduced

India, July 5 -- Nearly eight months after getting markets regulator SEBI's nod for its IPO, Smartworks Coworking Spaces has filed its RHP. The managed and flexible workspaces provider has cut the si... Read More


IPO-Bound Lenskart's Peyush Bansal To Acquire 2% Stake From Investors

India, July 5 -- Omnichannel eyewear retailer Lenskart's cofounder and chief executive Peyush Bansal is reportedly looking to buy back 1.5% to 2% stake in the company from its existing investors at ar... Read More


From Jumbotail To InCred Finance - Indian Startups Raised $315 Mn This Week

India, July 5 -- The funding in the Indian startup ecosystem shot up this week, which also saw the country producing its 124th unicorn in the form of Jumbotail. Overall, twenty one startups raised $31... Read More


Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme

India, July 4 -- The Centre reportedly plans to launch an INR 2,000 Cr ($234 Mn) incentive programme to boost drone manufacturing in the country. As per Reuters, the incentive scheme will span a peri... Read More


BlackBuck Subsidiary Gets PPI Licence From RBI

India, July 4 -- Listed logistics major BlackBuck parent Zinka Logistics' subsidiary has secured a prepaid paid instruments (PPI) licence from the Reserve Bank Of India (RBI). In an exchange filing t... Read More


Inside Wakefit's INR 1K Cr Biz, InCred Nets INR 440 Cr & More

India, July 4 -- Inside Wakefit's INR 1K Cr Biz Wakefit isn't what it was four years ago. Although a young player in India's entrenched mattress market, the D2C brand has strategically diversified ov... Read More


ArisInfra Shares Surge Nearly 8% After Co Bags INR 100 Cr Order

India, July 4 -- After being on a downward trend since its listing on the bourses, shares of ArisInfra Solutions rose 7.8% to close today's session at INR 172.65. During the intraday trading, the stoc... Read More


Exclusive: Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue

India, July 4 -- Electric mobility startup Yulu is raising INR 70 Cr (about $8.2 Mn) from its cofounders and existing investors via a rights issue. As per the startup's regulatory filings accessed by... Read More


From Mattress To Everything: Analysing Wakefit's INR 1,000 Cr Furniture Biz

India, July 4 -- India's mattress industry, which is usually not in the spotlight, finds itself in a strange new place in 2025. Almost a decade after Sheela Foam, the parent company of popular mattre... Read More