Promoter entity Samayat Services LLP has divested nearly 14% stake in Vishal Mega Mart (VMM) for ₹7,635 crore through open market transactions on the National Stock Exchange of India (NSE), according to bulk deal data. Samayat Services LLP a special purpose vehicle owned by private equity firms Kedaara Capital and Partners Group sold 65.25 crore equity shares in two tranches, representing a 13.96% stake in the company. The shares were offloaded in the price range of ₹117–₹117.03 per share, taking the total transaction value to ₹7,635.55 crore. Institutional Buyers Step In On the buying side, major institutional investors absorbed a…
Author: Adarsh Kumar
Used car marketplace CARS24 reported a 10% decline in operating revenue in FY25, reversing the 25% growth recorded in the previous fiscal. The Gurugram based company also saw its net losses widen 9% year-on-year. According to consolidated financial statements filed with the Registrar of Companies (RoC), Cars24 India’s gross revenue fell to ₹6,233 crore in FY25 from ₹6,910 crore in FY24. Core Vehicle Sales Decline Revenue from vehicle sales across auction and retail segments accounted for nearly 92% of total income and declined 11% to ₹5,733 crore in FY25. The company also generated approximately ₹215 crore from financial services income,…
New venture Temple, founded by Deepinder Goyal, has raised $54 million in its maiden funding round at a post money valuation of approximately $190 million. The round was backed primarily by friends, family, and long-term associates, including early backers of Zomato, according to a statement shared by Goyal on social platform X. He noted that several founder friends and early investors participated in the round with long-term conviction, irrespective of any future public listing plans. Investment Structure and Key Backers As per filings with the Ministry of Corporate Affairs (MCA), Temple’s board approved the issuance of 2,34,799 TCCPS at an…
Hyderabad based defence technology startup Constelli has raised $20 million (approximately ₹180 crore) in a funding round led by General Catalyst, with participation from 360 One Asset Management and existing investor Pravega Ventures. The round follows a $3 million pre-Series A raise in January last year led by Pravega Ventures. Focus on Next-Generation Electronic Warfare Constelli said the fresh capital will be deployed toward product research and development in next-generation electronic warfare (EW) and communication payloads. The company is building advanced systems designed for integration across drones, ground defence platforms, naval vessels, and satellite systems. Founded in 2017 by Satya…
Omni-channel gifting and floral retailer Ferns N Petals (FNP) reported a 22% increase in operating revenue for the fiscal year ended March 2025, while managing to trim its losses during the same period. According to financial statements filed with the Registrar of Companies (RoC), FNP’s operating revenue rose to ₹861.5 crore in FY25 from ₹705 crore in FY24. Product Sales Drive Growth FNP generates revenue through the sale of cakes, flowers, and customized gifting solutions via its website, third-party e-commerce platforms, company owned stores, and franchise outlets. The company also earns from delivery, packaging, convenience charges, and franchise related income…
Bengaluru based medical equipment startup Pulse has raised $4 million in a seed funding round led by 3one4 Capital, with participation from Incubate Fund Asia, Stride Ventures, and several angel investors. Capital Deployment and Expansion Plans The company said the fresh capital will be used to establish a dedicated R&D hub, accelerate product development, obtain regulatory certifications, and expand its distribution footprint across India. Founded in 2025 by Anshul Sharma and Nishant Goel, Pulse operates as a full-stack medical equipment manufacturing platform. It designs, sources, and delivers affordable, globally compliant medical devices and consumables by leveraging India’s MSME manufacturing ecosystem.…
Mumbai based construction materials platform infra.market is set to raise up to ₹1,250 crore through debt, months after filing confidential IPO papers, by pledging company assets and promoter shareholdings as collateral. Debt Structure and Private Placement According to regulatory filings, the company’s board has approved the issuance of up to 1,25,000 non-convertible debentures (NCDs) with a face value of ₹1,00,000 each via private placement, aggregating to ₹1,250 crore. Out of this, infra.market has already secured ₹700 crore from Singapore based private credit platform Ascertis Credit by issuing 70,000 NCDs at the same face value. The debt raise is backed by…
Home interiors platform Livspace has witnessed another senior leadership departure, with Chief Business Officer Lalit Mittal exiting the company weeks after co-founder Saurabh Jain stepped down. Mittal, who spent nearly six years at the company, has chosen to pursue his own entrepreneurial venture. According to a company statement, the transition took place over a month ago. Leadership Transition Timeline Mittal joined Livspace in November 2019 as Senior Director of Business Initiatives. Over the years, he rose through the ranks serving as AVP, leading Livspace Select as CEO, and eventually being appointed Chief Business Officer in January 2022. In his role…
Hybrid-electric aviation startup LAT Aerospace has acquired Gurugram based defence robotics firm Sharang Shakti in a move that signals a calibrated expansion into indigenous defence technologies alongside its civil aviation ambitions. The acquisition, announced by co-founder Deepinder Goyal, marks LAT Aerospace’s first formal step into defence capability building. While financial terms were not disclosed, the strategic intent is clear: build a shared technology stack spanning civil aviation and defence grade autonomous systems. Convergence of Civil and Defence Technologies Industry observers often treat civil aviation and defence as separate verticals. However, both sectors rely heavily on core technologies such as autonomy,…
Bengaluru based Kris@Work, an AI-native go-to-market (GTM) execution platform for enterprise revenue teams, has raised $3 million in a seed funding round led by Info Edge Ventures. The round also saw participation from JN Capital & Growth Advisory (Singapore) and several angel investors. Capital to Accelerate Enterprise Expansion According to the company, the fresh funds will be deployed to expand its enterprise customer base, deepen go-to-market partnerships, and complete development across all four phases of its platform roadmap. Co-founded by Arun Singh and Ramakrishna Mallya, Kris@Work is positioned as a “system of work” and “system of insights” designed to help…