Microlending platform Aye Finance has fixed a price band of ₹122–129 per equity share for its upcoming initial public offering (IPO), following the filing of its red herring prospectus (RHP) with the capital markets regulator. According to the RHP, the public issue will open for subscription on February 9 and close on February 11, while the anchor book will open on February 6. At the upper end of the price band, Aye Finance is expected to command a valuation of around $352 million. IPO Structure and Use of Proceeds The IPO will comprise a fresh issue of shares worth ₹710…
Author: Adarsh Kumar
Enterprise focused agentic AI platform Vibrium has raised $1 million in a seed funding round, led by Paytm’s former COO Bhavesh Gupta, along with participation from other angel investors, as the startup looks to scale adoption of autonomous AI agents across large businesses. The fresh capital will be used to accelerate product development, strengthen Vibrium’s goal oriented AI agent framework, and expand enterprise deployments across sectors such as BFSI, e-commerce, SaaS, and operations-led businesses, the company said in a statement. Building Outcome-Driven Enterprise AI Founded last year by Akshat Saxena, Gurugram-based Vibrium has developed a proprietary, end-to-end agentic AI platform…
AI solutions provider Fractal Analytics has fixed a price band of ₹857–900 per equity share for its upcoming initial public offering (IPO), a day after filing its red herring prospectus (RHP) with the capital markets regulator. According to the RHP, the public issue will open for subscription on February 9 and close on February 11, while the anchor book will open on February 6. At the upper end of the price band, Fractal’s valuation is expected to be around $1.6 billion. the company has reduced its IPO size by about 42% compared to the amount proposed in its draft red…
Technology enabled sports startup Gamepoint has raised ₹7 crore in a pre-Series A funding round, co-led by Raj P Narayanam, founder of Zaggle, and Aditya Vuchi, with participation from Praveen Raju and other angel investors. The fresh capital will be used to expand Gamepoint’s multi-sport centre network and strengthen its technology stack and operational capabilities, the company said in a statement. Building Neighbourhood Sports Infrastructure Co-founded by Aditya Reddy and Siddharth Reddy, Hyderabad-based Gamepoint operates professionally managed, technology-enabled multi-sport centres designed to make sports access convenient for people across age groups. The startup offers: All services are delivered in a…
Clean-label health food brand The Whole Truth has raised $51 million in a Series D funding round led by Sofina and Sauce.vc The round includes a mix of primary and secondary capital and saw participation from existing backers Peak XV Partners and Rainmatter Health, along with Ayra Ventures. The company said the fresh capital will be used to expand in-house manufacturing, strengthen working capital, and build internal systems required for public market readiness. According to an ET report, the fundraise marks the beginning of The Whole Truth’s IPO journey, with profitability identified as the next key milestone. Founded by former…
Variety India, the world’s leading entertainment industry publication, has officially rolled out its India edition. The company had first announced plans for its India launch in the final quarter of 2025, marking a major expansion of its global footprint. To commemorate this event, the first cover features the who’s who of the Indian film industry – Aamir Khan, Ajay Devgn, Akshay Kumar, and Salman Khan. Sarita Tanwar, Editor-in-Chief of Variety India, shares her views on the occasion, “The launch of the first edition of Variety India is a very special occasion for all of us who track the trends and…
Market intelligence startup Mindcase has raised ₹1.5 crore in a pre-seed funding round led by early stage venture capital firm AJVC, as it looks to scale its AI-driven intelligence platform and expand globally. The fresh capital will be used to scale Mindcase’s self-serve SaaS platform, deepen its data and intelligence coverage across new domains, and accelerate global go-to-market efforts, the company said in a statement. Building AI-Native Market Intelligence Founded by IIM Ahmedabad alumni Kritish Puri and Saurabh Shubham, Gurugram-based Mindcase leverages hundreds of proprietary AI agents and automated workflows to convert unstructured market and consumer data into actionable, decision…
Reliance Industries–backed Jio Studios has acquired a 50.1% stake in award winning production house Sikhya Entertainment for ₹150 crore, marking a strategic push to strengthen its presence in creator-led and globally recognised cinema. The investment has been executed through Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries, via a mix of primary and secondary transactions. Strengthening Premium Content Play Founded by producers Guneet Monga Kapoor and Achin Jain, Sikhya Entertainment has carved a distinct position in Indian cinema with its focus on independent, story-driven films that have achieved both critical acclaim and global visibility. Sikhya…
Co-working solutions provider Awfis delivered steady growth and higher profitability in the third quarter of FY26, supported by strong demand for flexible workspaces and a rise in ancillary income. According to financial statements filed with the National Stock Exchange (NSE), Awfis’ revenue from operations increased 20% year-on-year to ₹382 crore in Q3 FY26, compared with ₹318 crore in the year-ago quarter. Including other income of ₹29 crore, the company’s total income stood at ₹411 crore for the quarter. Segment Performance Revenue from co-working spaces remained the core growth driver, contributing 84% of operating revenue. For the nine months ended December…
Real estate developer Mahindra Lifespace Developers reported a net profit of ₹108.88 crore in Q3 FY26, reversing a loss of ₹22.49 crore recorded in the same quarter last year, supported by residential project completions and strong momentum in its industrial parks business. The company said profits during the quarter were driven by higher residential revenues, following the completion of three housing projects, and increased income from its Integrated Cities & Industrial Clusters (IC&IC) segment. Revenue is recognised using the project completion method. Revenue Growth Accelerates For the quarter ended December 2025, revenue from operations surged 174.48% year-on-year to ₹459.16 crore.…