Water wellness startup Care Dale has raised ₹1.5 crore in a pre-seed funding round led by AJVC, founded by Aviral Bhatnagar. The fresh capital will be deployed towards strengthening research and development and accelerating the company’s go-to-market strategy as it looks to expand its presence across Indian households. Addressing hard water problems in Indian homes Founded by Duhita Wani and Roshni Kar, Care Dale is building technology-led solutions to tackle the adverse effects of hard water on skin and hair health. According to industry estimates cited by the company, nearly 70% of India receives hard water, which is a key…
Author: Adarsh Kumar
Adtech unicorn Amagi Media Labs made a muted debut on Indian stock exchanges on Wednesday, listing at a discount to its issue price despite strong investor demand during its initial public offering (IPO). Shares of the Bengaluru-based company debuted at ₹317 on the BSE and ₹318 on the NSE, nearly 12% lower than the IPO price of ₹361 per share. Strong IPO demand fails to translate into listing gains Amagi’s ₹1,789 crore IPO had witnessed robust demand across investor categories, closing with over 30x overall subscription. Qualified institutional buyers (QIBs) subscribed to the issue more than 30 times, while non…
Supply chain robotics technology company Unbox Robotics has raised $28 million (around ₹235 crore) in a funding round led by ICICI Venture, as the startup looks to expand its engineering capabilities and accelerate global growth. The round, comprising a mix of primary and secondary capital, also saw participation from RedStartLabs (a subsidiary of Info Edge), F Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors. The Pune-based company had earlier raised $14.1 million from 3one4 Capital and others. Capital to fuel product development and global expansion According to the company, the fresh capital will be used to expand…
Mobility platform Rapido crossed a major financial milestone in FY25, with total income touching ₹1,000 crore, even as its delivery vertical outpaced ride hailing to emerge as the company’s largest revenue contributor. The Bengaluru-based firm has remained in focus over the past year after delivering strong returns to early backers such as TVS, Swiggy, Prosus and Accel. It also drew wider attention after Uber CEO Dara Khosrowshahi publicly acknowledged Rapido as a growing competitive threat in India. Revenue growth driven by delivery and subscriptions According to its consolidated financial statements filed with the Registrar of Companies (RoC), Rapido’s revenue from…
In 2025, Indian e-commerce didn’t just move faster it moved smarter. And behind this shift was a growing recognition that logistics is no longer a backend function, but a strategic intelligence layer. Few platforms captured this transition as comprehensively as ClickPost, whose data now offers one of the clearest views into how Indian e-commerce finally reached operational maturity. Founded by Naman Vijay, ClickPost was built on a simple but contrarian belief: at scale, logistics stops being an execution problem and becomes a data problem. That philosophy shaped how the platform evolvedfrom simplifying fragmented shipping workflows to becoming a full-fledged logistics…
Logistics and last-mile delivery firm Shadowfax Technologies has raised around ₹850 crore ($95 million) from anchor investors, signalling strong institutional demand ahead of the opening of its initial public offering (IPO). According to disclosures, the Bengaluru-based company allotted nearly 6.9 crore equity shares to anchor investors at ₹124 per share, the upper end of the IPO price band. The anchor round saw participation from a mix of leading domestic mutual funds and global institutional investors. Domestic and global funds participate Among domestic institutions, ICICI Prudential Mutual Fund emerged as the largest anchor investor. Other domestic participants included Nippon India Mutual…
PhonePe further strengthened its leadership in India’s Unified Payments Interface (UPI) ecosystem in December, clocking 9.81 billion customer-initiated transactions worth ₹13.61 lakh crore, according to data compiled from disclosures by the National Payments Corporation of India (NPCI). The Walmart-backed fintech commanded a 45.35% market share by transaction volume and 48.68% by value among the top 10 UPI applications during the month, cementing its dominant position in India’s digital payments landscape. Google Pay, Paytm retain top-three positions Google Pay continued to hold the second spot, processing 7.5 billion transactions in December. This translated into a 34.64% share of total UPI volumes…
India has ranked sixth among 11 Asian economies in the Asia Manufacturing Index (AMI) 2026, highlighting the need for a sharper and more coordinated policy push to strengthen its position in the regional and global manufacturing landscape. The Index, released by Dezan Shira & Associates, evaluates manufacturing competitiveness across eight core pillars and 43 sub-parameters, including infrastructure, labour, logistics, regulatory environment, and access to markets. India trails key Asian manufacturing hubs In its third edition, the AMI places India behind several Asian peers that have moved faster in improving manufacturing readiness and execution. Malaysia emerged as the second-ranked economy in…
The Securities and Exchange Board of India (SEBI) is considering a ₹20,000 crore asset threshold to identify “significant indices” that will come under stricter regulatory oversight, as part of its newly notified Index Providers Regulations, 2024. In a consultation paper released on Monday, SEBI said an index would be deemed “significant” if it is tracked or used as a benchmark by domestic mutual fund schemes with cumulative assets under management (AUM) exceeding ₹20,000 crore. Such indices would be subject to enhanced governance, disclosure and compliance requirements under the new framework. The move is aimed at strengthening transparency and accountability in…
State-owned Punjab National Bank (PNB) reported a healthy improvement in profitability during the third quarter of FY26, supported by steady growth in interest income, higher operating profit, and a continued decline in stressed assets. According to a regulatory filing, PNB’s consolidated net profit rose 11.6% year-on-year to ₹5,189.79 crore in Q3FY26, compared to ₹4,648.60 crore in the corresponding quarter last year. On a sequential basis, profit increased 7.04% from ₹4,848.64 crore in Q2FY26. Interest income and operating profit trend higher PNB’s interest income grew 3.12% year-on-year to ₹32,889.23 crore in Q3FY26 from ₹31,894.80 crore in Q3FY25. Sequentially, interest income edged…