In a major development for India’s consumer brand ecosystem, home and sleep solutions company Wakefit has set its IPO price band at ₹185–195 per share, valuing the Bengaluru-based startup at approximately ₹6,400 crore ($719 million). The highly anticipated listing is expected to deliver a strong windfall for early investors, even as returns taper significantly for those who entered in later funding rounds. According to the company’s Red Herring Prospectus (RHP), Peak XV Partners—formerly Sequoia Capital India—emerges as the biggest winner. The venture capital firm is on track to secure an impressive 10X return on its decade-long investment in Wakefit. Close…
Author: Adarsh Kumar
In a significant regulatory development for India’s fintech ecosystem, Razorpay has received the Payment Aggregator – Cross Border (PA–CB) license from the Reserve Bank of India (RBI). This authorization empowers the company to facilitate both inward and outward cross-border payments under full regulatory oversight, marking a major milestone for Indian businesses engaged in global trade. With the new license, Razorpay will support a wide spectrum of users including exporters, SaaS platforms, freelancers, D2C brands, and international companies operating in India. According to the company, its cross-border business is already expanding at 40% year-on-year, reflecting the rising demand for seamless global…