Direct-to-consumer lifestyle and tech accessories brand DailyObjects crossed the ₹100 crore revenue mark in the financial year ending March 2025, underscoring steady demand for its curated product portfolio. However, aggressive spending on advertising and talent expansion led to a sharp rise in losses during the same period. According to regulatory filings accessed via the Registrar of Companies (RoC), DailyObjects reported a 31% year-on-year increase in revenue from operations to ₹110 crore in FY25, compared to ₹84 crore in FY24. Product sales contributed 99.6% of total revenue, climbing to ₹109.6 crore, while the remainder came from shipping and delivery income. On…
Author: Adarsh Kumar
Peak XV and Tiger Global backed fintech firm Progcap delivered strong growth in FY25, nearly doubling its operating revenue while sharply reducing losses, bringing the company close to breakeven. According to its filings with the Registrar of Companies, Progcap’s revenue from operations rose 93% year-on-year to ₹268 crore in the fiscal year ended March 2025, compared to ₹139 crore in FY24. Revenue Growth Outpaces Expenses Founded to bridge the credit gap for underserved micro and small enterprises (MSMEs), Progcap digitises supply chains and facilitates debt capital access for last-mile retailers. Income from these financing services remained its sole operating revenue…
SaveIN, one of India’s fastest growing checkout finance platforms, has announced its entry into the lifestyle and home décor segment through a strategic partnership with Royaloak Furniture. The collaboration enables customers across Royaloak’s stores in India to purchase furniture worth up to ₹10 lakh using easy EMIs, backed by a 30-second digital approval process. The fully paperless solution is completed in-store without any separate application, allowing customers to move seamlessly from product selection to checkout. The integration is designed to remove financing delays at the point of purchase particularly for high value lifestyle products. Expanding Beyond Healthcare SaveIN initially built…
JM Financial Asset Management has launched its maiden ₹1,500 crore Pre-IPO Alternative Investment Fund (AIF) under Category II, marking its formal entry into the pre-IPO private markets segment. The fund has received regulatory approval from the Securities and Exchange Board of India (SEBI), expanding the firm’s footprint in alternative investments. Strategic Expansion into Pre-IPO Investments Named “The Pre-IPO Fund,” the vehicle is designed to invest in companies expected to go public within the next 18 months. The strategy targets late stage businesses with visible listing timelines, aiming to generate superior risk adjusted returns for investors. Pre-IPO investing has gained traction…
Crypto exchange CoinDCX has unveiled a ₹111 crore ESOP (Employee Stock Ownership Plan) buyback, marking the largest liquidity event in the company’s history. The move will provide wealth creation opportunities to over 500 current and former employees. The announcement comes four months after CoinDCX secured fresh capital from Coinbase at a reported post-money valuation of $2.45 billion. The Mumbai-based platform had previously raised $135 million in April 2022 at a valuation exceeding $2 billion. Strengthening Employee Wealth Creation The ESOP buyback reflects CoinDCX’s effort to reward long-term contributors amid a challenging regulatory and market environment for the crypto industry in…
Direct-to-consumer healthy snacking brand Happilo reported a 15% decline in operating revenue in FY25, even as it sharply reduced losses through aggressive cost optimisation and tighter marketing spends. According to the annual financial statements of Happy International Pvt Ltd, its parent entity, revenue from operations declined to ₹280 crore in the fiscal year ended March 2025, compared to ₹329 crore in FY24. The company also recorded ₹2.5 crore in non-operating income, taking total income to ₹282.5 crore. Procurement and Marketing Costs Slashed Founded in 2016, Happilo offers dry fruits, trail mixes, nut based protein bars, dates, and muesli through online…
Global express transportation major FedEx has announced an investment of over ₹2,500 crore to establish a fully automated cargo hub at the upcoming Navi Mumbai International Airport (NMIA), reinforcing India’s position in global trade and logistics. The 300,000 sq ft facility will be developed in partnership with Adani Airport Holdings Ltd (AAHL) and is designed to function as a regional consolidation and redistribution hub. The project is expected to significantly enhance western India’s role as an international logistics gateway. Strategic Logistics Boost for Western India The new cargo hub will leverage NMIA’s multimodal connectivity, including proximity to Jawaharlal Nehru Port,…
India’s largest online travel platform, MakeMyTrip, has announced a collaboration with OpenAI to strengthen AI-led travel discovery and capture high intent conversational travel queries. Under the partnership, MakeMyTrip will integrate OpenAI’s application programming interfaces (APIs) to power new artificial intelligence features within its app. The integration is designed to help travellers move seamlessly from conversational inspiration to confirmed bookings through the company’s generative AI assistant, Myra. From Conversation to Booking The collaboration aims to position MakeMyTrip at the centre of AI-driven travel planning journeys. By translating conversational queries into structured, transaction ready options across flights, hotels, and ancillary services, the…
Asset performance management platform Truboard Partners has raised ₹20 crore (approximately $2.2 million) in a funding round led by Earth Fund, a sustainability focused venture capital firm. The Mumbai based startup had earlier secured $2.83 million from Polestar Capital and other investors. With this latest round, the company plans to strengthen its product architecture and expand its AI-driven platform across multiple asset classes in a disciplined and scalable manner. Focus on AI-Led Portfolio Intelligence Founded in 2020 by Srickant Rajagopal, Nandkumar Surti, and Vipul Thakore, Truboard Partners provides AI-powered asset performance management software designed for lenders, equity investors, and asset…
Bokaro-based 3D wall décor startup Artociti has raised ₹1 crore on Shark Tank India in exchange for a 7.5% equity stake, valuing the company at approximately ₹13.33 crore. The deal was closed by Namita Thapar and Vineeta Singh. The fresh capital will be used to establish a new manufacturing facility in Bokaro, Jharkhand. The company plans to expand production capacity, streamline quality control processes, and reduce delivery timelines as it scales operations. Expansion and Manufacturing Push Artociti is strengthening its vertically integrated model with a focus on in-house production and operational efficiency. The upcoming facility is expected to enhance output…