Mumbai based housing finance company Easy Home Finance has raised $30 million in a Series C funding round led by Investcorp, with participation from existing investors Claypond Capital and SMBC Asia Fund. With the latest infusion, Easy Home Finance’s total funding has reached approximately $130 million, strengthening its balance sheet as it scales operations in India’s affordable housing finance segment. Use of Capital The company said the fresh capital will be used to: The lender aims to deepen penetration in tier II and tier III cities, where demand for affordable and mid-income housing finance continues to rise. Business Model Founded…
Author: Adarsh Kumar
Edtech unicorn Vedantu reported moderate revenue growth but widening losses in the financial year ended March 2025 (FY25), as higher employee and operating costs continued to weigh on profitability. According to consolidated financial statements filed with the Registrar of Companies (RoC), Vedantu’s revenue from operations rose 23% year-on-year to ₹227 crore, compared with ₹185 crore in FY24. However, loss before tax increased 25% to ₹210 crore, up from ₹168.5 crore in the previous year. Revenue Mix Vedantu’s business remains heavily skewed towards online education. Vedantu offers online classes for Grades 6–12, along with study material for Grades 1–12 and JEE…
Consumer health and supplements startup The Stack has raised ₹5.5 crore in a pre-seed funding round, co-led by OTP Ventures and Huddle Ventures, with participation from a group of angel investors. The company said the fresh capital will be used to strengthen research and development, expand its product pipeline, build the early leadership and execution team, and invest in branding and packaging. Building a Science-First Supplements Brand Co-founded in 2024 by Shreya Jain and Kshitij Rihal, The Stack is positioning itself as a science-backed, quality first supplements brand focused on a narrow set of health outcomes impacted by modern lifestyles.…
New Delhi-based electronics contract manufacturer Aimtron Electronics said it expects to generate additional annual revenue of $25–30 million (₹230–275 crore) following its acquisition of US based electronics manufacturing and design services firm ICS. In a regulatory filing, Aimtron said the acquisition would help the company diversify its operational footprint and mitigate risks arising from tariffs, supply chain disruptions and geopolitical uncertainty, by strengthening its presence in the United States. Strategic Rationale ICS provides Aimtron with a manufacturing base in the US, an experienced engineering team and long-term customer programmes. The acquired company operates in the electronic systems design and manufacturing…
Indian electronics manufacturers are set to gain preferential access to the European Union’s nearly $750 billion electronics market under a proposed India-EU trade agreement, a move that could significantly accelerate India’s ambitions to become a global electronics manufacturing hub. Industry estimates suggest that Indian companies could export up to $50 billion worth of electronics to the EU by 2031, provided the agreement is finalised and implemented as expected. The deal is also likely to give Indian manufacturers cheaper and easier access to advanced European machinery, equipment and production technologies, which are critical for scaling up complex electronics manufacturing. The proposed…
In a move aimed at improving efficiency in offshore oil and gas operations, Oil and Natural Gas Corporation (ONGC) and Reliance Industries have signed a memorandum of understanding (MoU) to share offshore resources, including supply vessels used for exploration and production activities. The agreement was signed on the sidelines of India Energy Week (IEW), ONGC Director (Production) Pankaj Kumar said, adding that the collaboration is expected to speed up project execution and optimise capital deployment, particularly in offshore areas where the two companies operate in close proximity. Focus on Operational Efficiency The MoU seeks to enable joint utilisation of vessels,…
Logistics and last-mile delivery firm Shadowfax Technologies made a subdued debut on Indian stock exchanges on Wednesday, with its shares listing at a discount of nearly 9% to the IPO issue price amid cautious investor sentiment. The company’s stock listed at around ₹112–113 on both the NSE and BSE, compared with the IPO’s upper price band of ₹124. Shadowfax had raised approximately ₹1,907 crore through its initial public offering, which was open for subscription between January 20 and January 22. IPO Subscription Snapshot The public issue saw moderate overall demand, led primarily by institutional investors. As per exchange data: The…
Automobile classifieds platform CarTrade reported a strong operating performance in the third quarter of FY26, with revenue growth and improved profitability driven by steady demand across its core segments and disciplined cost management. According to the company’s unaudited financial results filed with the National Stock Exchange (NSE), CarTrade’s revenue from operations rose 19% year-on-year to ₹210 crore in Q3 FY26, compared with ₹176 crore in the same quarter last year. Total income increased to ₹228 crore, up from ₹193 crore in Q3 FY25. Segment-Wise Performance CarTrade operates across three key verticals Consumer, Remarketing, and Classifieds. The diversified revenue mix helped…
Offline coaching firm Drishti IAS reported operating revenue of ₹364 crore in FY25, marking a 10% year-on-year decline from ₹405 crore in FY24, as the post Covid boom in offline coaching continued to normalise. According to the company’s audited financial results, EBITDA fell to ₹77 crore in FY25 from ₹127 crore a year earlier, while profit after tax (PAT) declined 32% to ₹61 crore, compared with ₹90 crore in FY24. Why Revenue and Profitability Declined Drishti IAS attributed the slowdown to a combination of Ind-AS accounting adjustments and a broader correction in the offline coaching market following unusually strong enrolments…
Precision oncology startup 4baseCare has raised ₹90 crore (around $9.8 million) in the first close of its Series B round, co-led by investors Ashish Kacholia and Lashit Sanghvi, with participation from existing backer Yali Capital. The funding comes after a two-year gap since the company’s $6 million Series A round in 2024, which was led by Yali Capital with participation from Infosys. Expansion and Product Roadmap 4baseCare said the fresh capital will be used to expand its hospital-linked genomics laboratory network across India, the Middle East, Southeast Asia, Latin America and Central Asia. The company will also invest in scaling…