Digital lending platform Kissht, operated by OnEMI Technology Solutions, has raised ₹278 crore ($30 million) from 22 anchor investors at the upper price band of ₹171 per share, ahead of its IPO opening on April 30. The company allotted 1.62 crore equity shares to anchor investors, with 57% of the allocation going to domestic mutual funds, which invested ₹158.32 crore across multiple schemes. Key participants in the anchor round include domestic institutions such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, WhiteOak Capital, Bandhan Mutual Fund, Quant Mutual Fund, Tata Mutual Fund, and Sundaram Mutual Fund, along with global investors…
Author: Adarsh Kumar
Early stage VC firm Exfinity Venture Partners has announced a partial exit from its investment in CloudSEK, delivering a 13x multiple on invested capital (MOIC) and an internal rate of return (IRR) of over 40%. The transaction was executed as a secondary sale to existing investors, while Exfinity continues to retain a meaningful stake in the company. Exfinity was the first institutional investor in CloudSEK, backing the cybersecurity startup during its pre-Series A stage. Since then, CloudSEK has evolved into an AI-driven threat intelligence platform, enabling enterprises to proactively manage risks across digital exposure, attack surfaces, and supply chains. The…
AI fintech startup Oolka has raised $14 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Z47. The round also saw participation from Vidit Aatrey and Sanjeev Barnwal in their personal capacity. Founded in 2024 by Utkrishta Kumar, Oolka is building AI-driven financial agents designed to assist users across the entire financial lifecycle from identifying credit issues to offering personalised, actionable solutions. The company aims to move beyond traditional transaction-led financial services by creating a context aware financial system, where AI agents actively guide users in managing their finances. Oolka plans to…
Quick service restaurant chain Wow! Momo is set to raise ₹110 crore ($11.6 million) in debt funding from Anicut Capital, marking its first fundraise of 2026. The company’s board has approved the issuance of 1,100 non-convertible debentures (NCDs) with a face value of ₹10 lakh each, aggregating ₹110 crore. The funding will be raised in three tranches, of which ₹60 crore has already been received, with the remaining expected within six months. The proceeds will be used for refinancing existing debt, general corporate purposes, and growth capital requirements, as the company continues its expansion. Founded in 2008 by Sagar Daryani…
Climate tech startup Prithu has raised ₹10 crore in a seed funding round at a pre-money valuation of ₹30 crore, led by Transition VC. Prior to this, the company had secured ₹38 lakh in an angel round, including support from the Startup India Seed Fund. The fresh capital will be used to expand farmer networks, strengthen its blockchain powered MRV (Measurement, Reporting, and Verification) systems, and secure global carbon credit offtake agreements. Founded in 2024 by Sunny Vaish, Prabal Tomar, and Abhinav Pandey, Prithu is building a full stack carbon removal platform focused on nature based solutions. The startup works…
RPG Group owned tyre maker CEAT reported a more than two fold jump in net profit to ₹243 crore in Q4 FY26, driven by strong operating performance and growth in its international business. The company’s revenue from operations rose 23.3% year-on-year to ₹4,218 crore during the quarter, supported by a better product mix and steady demand across segments. CEAT’s performance was also aided by the full integration of Camso, strengthening its portfolio and global footprint. On a sequential basis, the company saw profit rise 56%, while revenue remained largely flat with a marginal 1.5% increase. For the full financial year…
Real estate developer Anant Raj has announced plans to enter the Singapore market by incorporating a wholly owned subsidiary focused on data centres and cloud services, marking its first international expansion. According to a regulatory filing, the new entity will offer co-location and cloud services, including AI-powered solutions, leveraging data centre infrastructure being developed by the company. The Singapore based subsidiary will be 100% owned and controlled by Anant Raj, with an initial share capital of SGD 1,000, through the subscription of 1,000 shares priced at SGD 1 each. The company plans to increase capital post incorporation to support future…
Stock trading platform Sahi has raised $33 million in a Series B funding round led by Accel, with participation from Elevation Capital, valuing the company at around $200 million. Accel Growth contributed approximately $20 million, with the remaining capital coming from existing investors. The round comes within a year of Sahi’s $10.5 million Series A raise, marking a 3X jump in valuation from $60 million. Founded in 2023 by Dale Vaz and Manish Jain, the platform began operations in January 2025 and focuses on performance driven traders, offering futures and options (F&O) and cash trading services. The company plans to…
Nutrition and supplements marketplace HyugaLife has raised ₹100 crore ($10.5 million) in a Series A funding round led by IvyCap Ventures, with participation from First Bridge Fund. The company had earlier secured $6.3 million in seed funding in February 2024 from Peak XV Partners and Spring Marketing Capital, along with backing from Stride Ventures, GetVantage, and cricketer KL Rahul. Founded by Sachin Parikh, Anvi Shah, and Neehar Modi, HyugaLife plans to use the fresh capital to strengthen its AI-led personalisation stack, build a dark store network for faster deliveries, and expand its presence in offline retail. The platform focuses on…
Walmart backed fintech firm PhonePe has crossed 50 million registered merchants on its platform, with its network now covering over 98% of India’s postal codes as of April 28, 2026. The milestone comes amid PhonePe’s continued dominance in the Unified Payments Interface (UPI) ecosystem. In March 2026, the company became the first UPI app to process over 10 billion transactions in a single month, accounting for over 46% of total UPI volumes and more than 49% in value terms, according to National Payments Corporation of India data. PhonePe began its merchant expansion with QR code based payments, aimed at lowering…