Renewable energy company CleanMax Enviro Energy Solutions has fixed the price band for its upcoming initial public offering (IPO) at ₹1,000 to ₹1,053 per equity share. The issue will open for subscription on February 23, 2026, and close on February 25, 2026. The company plans to raise ₹3,100 crore through a combination of a fresh issue of 11.4 million shares aggregating up to ₹1,200 crore and an offer for sale (OFS) of 18 million shares worth up to ₹1,900 crore. Under the OFS, promoter shareholders Kuldeep Jain, BGTF One Holdings (DIFC), and KEMPINC LLP will dilute their stakes, along with…
Author: Adarsh Kumar
Razorpay has partnered with global AI-powered software platform Replit to streamline subscription payments and monetisation for Indian users. The collaboration positions Razorpay as Replit’s India payments partner, enabling local developers and AI-first builders to seamlessly pay for subscriptions and monetise their AI-built products from day one. The partnership integrates Replit’s agentic AI software creation platform with Razorpay’s payments infrastructure, allowing applications built on Replit to accept UPI and other Indian payment methods natively. This effectively converts a global cross-border subscription experience into a localised INR payment flow for Indian customers. INR Payments and UPI Integration in Beta Rollout Currently rolling…
HomeRun, a quick commerce platform focused on construction and interior materials, has raised ₹60 crore (approximately $6.6 million) in a Series A funding round led by Sorin Investments. The investment firm contributed ₹40 crore, while the remaining capital was backed primarily by Titan Capital Winners Fund, along with Sparrow Capital, Consumer Collective by Atrium, and Helios Holdings. The fundraise comes just three months after the Bengaluru-based startup secured ₹9 crore in a seed round co-led by Titan Capital and Sparrow Capital, highlighting strong investor confidence in the fast-growing construction supply-tech segment. Capital to Drive Category and City Expansion According to…
Peak XV and Tiger Global-backed Kutumb has entered the Indicorn club after reporting profitability in FY25, supported by a sharp rise in subscription revenue from its flagship app, Crafto. The Bengaluru based social media startup recorded a 2.7X jump in operating scale during the fiscal year ended March 2025, marking a significant milestone in its growth journey. Revenue Surges on Subscription Momentum Kutumb’s revenue from operations grew 173% year-on-year to ₹128.6 crore in FY25, compared to ₹47.2 crore in FY24, according to filings with the Registrar of Companies (RoC). Founded in 2020, Kutumb operates a multilingual community-driven social platform portfolio…
The Andhra Pradesh government has unveiled its Budget 2026–27 with a clear and decisive shift toward infrastructure-led economic expansion, backed by fiscal prudence and long-term development planning. With total receipts and expenditure both pegged at ₹3.32 trillion, the Budget reflects a calibrated approach balancing aggressive capital investment with sustainable financial management. Record-High Public Capital Expenditure The centrepiece of the Budget is a historic ₹53,915 crore allocation toward public capital expenditure, marking one of the highest infrastructure outlays in the state’s history. The government has positioned infrastructure as a multiplier for private investment, employment generation, and productivity enhancement, moving beyond consumption-driven…
Shriram Properties Ltd has expanded its footprint in Bengaluru with the acquisition of a 4-acre land parcel on Sarjapur Main Road in South-East Bengaluru. The company plans to develop a premium high-rise residential project with an estimated gross development value (GDV) of ₹550–600 crore. According to a regulatory filing, the land has been acquired through an outright purchase transaction. The proposed project will comprise approximately 5 lakh square feet of saleable area and is expected to be launched in the latter half of 2026. Premium Housing Push in High-Growth Micro-Market Sarjapur Main Road has emerged as one of Bengaluru’s fastest-growing…
Infrastructure major Larsen & Toubro (L&T) has announced the sale of its 100% stake in Nabha Power Ltd (NPL) to Torrent Power for ₹3,660 crore. The transaction, executed through L&T’s wholly owned subsidiary L&T Power Development, marks a significant step in the group’s ongoing strategy to monetise non-core assets and exit the development projects business. Strategic Value Unlock for L&T According to the company, the divestment is a value-driven monetisation exercise aimed at strengthening its core engineering and construction businesses. NPL, which owns and operates the 1,400 megawatt Nabha thermal power plant in Punjab, reported a turnover of ₹4,421 crore…
Wealthtech startup Otto Money has raised $1.3 million in a pre-seed funding round led by Pravega Ventures, as it looks to build a technology-first wealth advisory platform tailored for India’s fast-growing base of digital investors. The round also saw participation from angel investors including Rishi Kohli (Jio BlackRock AMC), Amit Gupta, Amit Agarwal, Mohit Aron, along with existing backers. Building an AI-Powered Wealth Guidance Layer Founded in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money is developing an AI-powered wealth guidance platform focused on data driven decision support rather than product distribution. The startup aims to provide multi asset…
Listed online travel platform EaseMyTrip has announced plans to raise up to ₹500 crore to accelerate growth in high potential segments, particularly hotels and holiday packages, according to a stock exchange filing. The proposed fundraising may be carried out in one or more tranches through permissible routes, including a rights issue, qualified institutions placement (QIP), preferential allotment, private placement, or other approved mechanisms. The company stated that the final structure, pricing, and timeline will be determined based on market conditions and regulatory approvals. Focus on Hotels, Holidays, and Technology The capital infusion is aimed at strengthening EaseMyTrip’s non-air travel portfolio,…
Bengaluru-based deeptech startup C2i Semiconductors has raised $15 million in a new funding round led by Peak XV Partners, with participation from Yali Deeptech and TDK Ventures. The fundraise comes less than a year after the company secured $4 million from Yali Capital in November 2024, underscoring growing investor confidence in India’s semiconductor innovation ecosystem. The fresh capital will be deployed to accelerate global expansion, establish a US office to engage closely with customers and decision makers, and build an applications and systems engineering team in Taiwan. Building Power Infrastructure for AI Data Centres Founded in June 2024 by Ram…