Iconic motorcycle maker Royal Enfield has announced an investment of ₹2,200 crore to set up a new manufacturing facility in Andhra Pradesh, marking its first major expansion outside Tamil Nadu since its inception in 1901. The facility will be developed in Satyavedu mandal in Tirupati district, near the Andhra Pradesh-Tamil Nadu border, and will be executed in two phases. Once operational, the plant is expected to add up to 900,000 units of annual production capacity, reinforcing India’s position as a global motorcycle manufacturing hub. The project has been approved by the state’s investment promotion board in a meeting chaired by…
Author: Adarsh Kumar
The iPhone maker has announced a ₹100 crore investment to strengthen India’s renewable energy ecosystem and support the next generation of climate focused startups. In partnership with CleanMax, Apple plans to develop more than 150 megawatts of renewable energy capacity across the country enough to power nearly 1.5 lakh Indian homes every year. But this move is bigger than just clean electricity. Apple is also partnering with Acumen to support six early stage Indian startups working in waste management, regenerative agriculture, circular economy, and sustainable livelihoods. These startups will receive funding, mentorship, and strategic guidance to scale their impact faster.…
InCred Holdings, the parent of InCred Financial Services, has filed its updated draft red herring prospectus (UDRHP) with Securities and Exchange Board of India (SEBI) to raise ₹1,250 crore via a fresh issue, as it prepares for a public listing. Alongside its IPO filing, the company reported strong financial performance for the first nine months of FY26, with revenue from operations rising 39% year-on-year to ₹1,849 crore, up from ₹1,334 crore in the corresponding period last year. However, profit remained flat at ₹290 crore, impacted by rising credit costs. Founded in 2017 by Bhupinder Singh, InCred operates as a retail…
Fintech startup Freo has acquired IndiaLends, a digital lending marketplace, in a move aimed at strengthening its position in India’s fast evolving credit ecosystem. The deal gives Freo full ownership of IndiaLends, although financial terms were not disclosed. The acquisition combines Freo’s financial products and regulatory licences with IndiaLends’ lending marketplace and distribution network, creating a more integrated fintech platform. Following the merger, the combined entity is expected to serve over 50 million users. Founded by IIT-ISB alumni, Freo offers a suite of services spanning payments, credit, insurance, and investments, and operates with multiple regulatory approvals, including a TPAP licence…
FMCG major Emami Ltd has signed a definitive agreement to acquire a 60% stake in IncNut Digital, the parent company of Vedix and SkinKraft, for ₹321 crore, marking a strategic entry into the fast growing personalised beauty and wellness segment. The transaction includes performance linked adjustments over a 24 month period, with Emami set to acquire the remaining stake in two tranches over the next four and a-half years, subject to future performance milestones. Founded in 2011, Hyderabad based IncNut Digital operates direct-to-consumer (D2C) brands Vedix and SkinKraft. Vedix focuses on customised Ayurvedic haircare and wellness solutions, while SkinKraft offers…
Automobile classifieds platform CarTrade reported a steady performance in Q4 FY26, with revenue from operations rising 19% year-on-year to ₹203 crore, crossing the ₹200 crore mark for the quarter. The company’s net profit increased 54% to ₹71 crore, supported by controlled costs and stable growth across segments. On a sequential basis, revenue saw a marginal dip of around 3% from ₹210 crore in Q3 FY26, indicating some moderation in quarter-on-quarter momentum. CarTrade operates across three key segments Consumer, Remarketing, and Classifieds (OLX India). The consumer segment contributed the largest share at 39% of operating revenue, generating ₹79 crore. The remarketing…
Airport operations technology startup Blunav has raised $1 million in a seed funding round led by Piper Serica, as it looks to modernise airport infrastructure through a unified, cloud based operating system. The company said the fresh capital will be used for team expansion, product development, and scaling deployments across India and global markets. Founded by Suseendar Marimuthu and Cherukuru Sridharan, Blunav is building a full-stack Airport Operating System (AOS) that integrates operational workflows, passenger services, and enterprise systems into a single platform. The startup is targeting a long standing inefficiency in the aviation ecosystem. While smaller airports still rely…
Spacetech startup Skyroot Aerospace has raised $60 million (₹570 crore) in a funding round co-led by Sherpalo Ventures and GIC, propelling its valuation beyond $1.1 billion and making it India’s first spacetech unicorn. The round also saw participation from BlackRock, Arkam Ventures, Playbook Partners, Shanghvi Family Office, and existing investors, including the founders of Greenko Group. As part of the investment, Sherpalo Ventures founder Ram Shriram will join the company’s board. Founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, Skyroot is building small and medium lift launch vehicles aimed at serving the global satellite…
Fintech major One97 Communications, which operates Paytm, reported a profit of ₹183 crore in Q4 FY26, marking continued profitability and culminating in its first full year profit in FY26. The company’s revenue from operations grew over 18% year-on-year to ₹2,264 crore in the March quarter, compared to ₹1,912 crore in Q4 FY25, according to its filing with the NSE. Including ₹178 crore in non-operating income, total revenue for the quarter stood at ₹2,442 crore, while sequential growth remained largely flat. For the full fiscal year FY26, Paytm reported 22% growth in operating revenue to ₹8,437 crore, up from ₹6,900 crore…
Instant household services startup Pronto has raised an additional $20 million in its Series B round, extending the total round size to $45 million and doubling its valuation to $200 million within a month. The latest investment comes from Lachy Groom, following an earlier $25 million tranche backed by investors including General Catalyst, Bain Capital Ventures, Glade Brook Capital Partners, and Epiq Capital. With this, Pronto has raised around $60 million to date. Founded in 2025 by Anjali Sardana, Pronto connects households with trained and background verified professionals for services such as cleaning, laundry, utensil washing, cooking, car washing, and…