Farm-to-fork fresh produce platform Pluckk is set to raise ₹100 crore (approximately $11 million) in a fresh funding round from existing backer Euro Gulf Investment, according to regulatory filings. This follows Euro Gulf Investment’s $10 million infusion into the company in March last year. While the latest round has not yet been publicly announced, filings with the Registrar of Companies indicate that Pluckk’s board has approved the issuance of 3,471 Series C compulsorily convertible preference shares (CCPS) at an issue price of ₹2,88,112 per share to raise the planned ₹100 crore. Use of Funds and Valuation As per the filings,…
Author: Adarsh Kumar
Deep-tech engineering startup Hycosys has raised over $1 million (approximately ₹9 crore) in a seed funding round led by MountTech Growth Fund under its Kavachh initiative. The round marks a significant step in the company’s mission to build hydrogen ready, low-emission micro gas turbine systems. The Bengaluru based firm had previously secured $88,400 in a pre-seed round from PointOne Capital in December 2024. Funding to Accelerate Clean Energy Innovation Hycosys will use the fresh capital to expand its engineering team, access advanced testing infrastructure, and accelerate the development of its micro gas turbine (MGT) platform. The startup aims to demonstrate…
B2B SaaS platform Mojro has raised $3 million in a fresh funding round led by IAN Alpha Fund, with participation from 1Crowd and existing investors. The investment will support the company’s global expansion and product development initiatives. Focus on US and Southeast Asia Expansion The newly raised capital will be deployed to strengthen Mojro’s presence in the United States and Southeast Asia, two key growth markets for the company. It will also be used to enhance its AI-driven logistics optimisation platform and expand product, engineering, and sales teams. Founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu, Mojro…
India’s home services marketplace Urban Company has scaled its quick service housekeeping vertical InstaHelp to over 50,000 daily bookings, less than a year after its pilot launch in March 2025. The milestone was disclosed by co-founder and CEO Abhiraj Singh Bhal, who noted that the company is building a high frequency services category aimed at deepening platform engagement and improving long term unit economics. Rapid Scale in Under a Year Initially launched as a pilot in Mumbai, InstaHelp has since expanded into select micro-markets across Bengaluru, Delhi-NCR, Hyderabad, and Pune. According to a stock exchange filing, the service recorded approximately…
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…
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…