D2C founders community D2C Insider is preparing to launch ConsumerX Ventures, a SEBI-registered Category II Alternative Investment Fund (AIF), focused on backing early-stage consumer brands and D2C enablers across India. According to sources familiar with the matter, the fund is targeting a corpus of Rs 150 crore and plans to invest in nearly 25 startups at the pre-seed and seed stages. The proposed fund is expected to focus on emerging consumer brands, commerce infrastructure startups, and businesses building tools and services for the D2C ecosystem. Sources also said the platform is currently in advanced discussions with a large consumer-focused corporate…
Author: Adarsh Kumar
Bengaluru-based wealthtech startup Scripbox is preparing for its next phase of growth and potentially, the public markets. The digital wealth management platform is planning to raise up to Rs 170 crore through a combination of equity and debt as it sharpens its expansion strategy ahead of a targeted IPO. According to regulatory filings reviewed by Entrackr, Scripbox’s board has approved a proposal to raise up to Rs 60 crore from a select group of friends and family investors. The fundraising may happen through equity shares, preference shares, convertible instruments or other securities. The filing stated that the proceeds will be…
Legend of Toys, a fast-growing toy brand focused on character-led and high performance RC products, has raised Rs 21 crore in a pre-Series A funding round. The round saw participation from Singularity Early Opportunities Fund, Veltis Capital, Enzia Ventures, DeVC, Atrium Angels and Stride. The company said the fresh capital will be used to expand into new play categories, strengthen consumer marketing, scale digital operations, boost manufacturing capabilities, and enter international markets. Founded in 2024 by Afshaan Siddiqui and Vinay Jaisingh, Legend of Toys is building a premium toy brand around performance, storytelling and community driven engagement. Its portfolio currently…
The Enforcement Directorate (ED) has alleged that Bengaluru-based real money gaming platform Gameskraft used bots and manipulated gaming mechanisms that resulted in user losses exceeding ₹1,154 crore, according to an official statement issued on Wednesday. The agency said it conducted search and seizure operations between May 7 and May 13 across company offices and premises linked to directors and senior employees in Bengaluru and the NCR region. During the operation, the ED said it froze and seized movable assets worth approximately ₹526.49 crore, including bank balances, mutual funds, fixed deposits, and bonds. Additionally, jewellery valued at around ₹3.5 crore and…
Matrimony.com, the parent company of Bharat Matrimony, reported an 8% year-on-year increase in revenue for the fourth quarter of FY26, while profit rose more than 18% during the same period. According to the company’s consolidated financial statements filed with the National Stock Exchange of India (NSE), revenue from operations increased to ₹116.8 crore in Q4 FY26 from ₹108.3 crore in the corresponding quarter last year. Matrimony.com operates several online matchmaking platforms, including Bharat Matrimony and regional matrimony services catering to communities such as Punjabi, Gujarati, Marathi, and others. Subscription revenue from matchmaking services remained the company’s primary income source, contributing…
DLF, India’s largest real estate company by market capitalisation, has announced an additional investment of ₹21,300 crore to complete its ongoing residential projects across major cities, including Delhi-NCR, Mumbai, and the Chandigarh tri-city region. According to the company’s latest investor presentation filed with the BSE, the “pending cost to complete for all launched projects” currently stands at ₹21,300 crore. The developer also disclosed that total receivables from customers against sold properties amount to ₹33,840 crore. After accounting for project completion costs, DLF expects net receivables of around ₹12,540 crore. The investment comes amid sustained demand for premium and luxury housing…
Bank of Baroda, India’s second-largest public sector bank, is aiming to double the size of its balance sheet over the next five years as it looks to strengthen its domestic and international presence amid India’s rapid economic expansion. The bank’s Managing Director and CEO Debadatta Chand said scale and capital strength will become increasingly important as Indian lenders seek to compete with global banking giants. “If India wants globally competitive banks, scale and capital base are very important,” Chand said in an interview, adding that consolidation offers long-term advantages for the banking sector. The comments come at a time when…
Global investment institution Lighthouse Canton has launched the LC Luminere Credit Fund, a SEBI-registered Category II Alternative Investment Fund (AIF), as it looks to capitalise on India’s rapidly expanding private credit market. The fund is targeting a total corpus of ₹1,200 crore (approximately $130 million), including a greenshoe option, and will focus on structured credit opportunities across mid-sized and large Indian companies. With a tenure of six years and an average investment cycle of nearly three years, the fund aims to generate stable cash yields along with attractive risk adjusted returns through senior secured lending strategies. The launch comes at…
LIC Housing Finance reported a 9% year-on-year increase in net profit to ₹1,497 crore for the fourth quarter ended March 2026, despite a decline in overall income during the period. The company had posted a net profit of ₹1,368 crore in the corresponding quarter of the previous fiscal year. According to its regulatory filing, total income declined to ₹7,195 crore in Q4 FY26 from ₹7,283 crore in the same quarter last year. Interest income also moderated to ₹7,009 crore during the quarter compared to ₹7,117 crore in Q4 FY25. However, the housing finance company managed to improve profitability through controlled…
Easy Trip Planners, which operates under the brand EaseMyTrip, has approved plans to raise up to ₹500 crore through a rights issue. In a regulatory filing on Wednesday, the company said its board of directors approved the issuance of equity shares on a rights basis for an amount not exceeding ₹500 crore. The company stated that fully paid-up equity shares with a face value of Re 1 each will be issued as part of the fundraising exercise. However, the final number of shares to be issued and the issue price will be determined later after the board finalises the terms…