Cravyon is not just a stationery distribution network. It is the outcome of lived experience, deep market observation, and a clearly identified gap in India’s traditional supply chain. Operated by Bhavana Agency, Cravyon connects retailers and schools across Maharashtra with trusted stationery brands such as Apsara, Natraj, Camlin, Flair, and Goldex. In just nine months, the network scaled to an ₹8 crore business, built entirely on structure and consistency. Where the Idea Took Shape The idea behind Cravyon emerged from years of struggle faced by the founders’ parents while operating in the distribution space. Frequent stock shortages, delayed deliveries, and…
Author: Adarsh Kumar
Indian online stockbroking platform Groww has launched Groww Lite, a web-based emergency trading portal aimed at helping users protect their positions during platform outages, internet disruptions, or technical glitches. The move is designed to offer traders a critical fallback option during volatile market hours when access to the primary trading app or website may be disrupted. According to the company, Groww Lite enables users to square off or exit existing open positions even if the main Groww platform becomes temporarily inaccessible. The portal acts as a fail safe trading channel, allowing users to manage risk during unexpected system failures. Built…
Bengaluru-based CoreEL Technologies, a provider of advanced electronic systems and sub systems for the aerospace and defence sector, has raised $30 million in a Series B funding round led by ValueQuest Scale Fund, with participation from existing investor 360 ONE Asset. The funding comes shortly after CoreEL’s acquisition of the aerospace and defence systems division of Lekha Wireless, a move that has significantly expanded its communications systems portfolio. The acquisition added proven wireless communication technologies, indigenous intellectual property, and specialised engineering talent, strengthening CoreEL’s capabilities in the military communications (MILCOM) segment. Focus on Manufacturing, R&D and Large Defence Programmes According…
The Reserve Bank of India (RBI) on Tuesday unveiled a fresh set of liquidity measures, announcing plans to inject nearly ₹3 trillion into the banking system through a combination of open market operations (OMOs) and a foreign exchange buy-sell swap. The move is aimed at easing tightening liquidity conditions and ensuring orderly functioning of financial markets. In an official release, the central bank said it will purchase Government of India securities worth ₹2 trillion via OMOs, spread across four tranches of ₹50,000 crore each. These auctions are scheduled for December 29, January 5, January 12 and January 22. Additionally, the…
Digital healthcare platform MediBuddy reported operating revenue of ₹724.6 crore in FY25, marking a 12.3% year-on-year growth from ₹645.4 crore in FY24, even as the company focused on improving efficiency and reducing losses. Despite slower growth compared to the previous year’s rapid expansion, MediBuddy managed to narrow its net loss by 37% during the fiscal year ended March 2025. According to financial statements filed with the Registrar of Companies (RoC), MediBuddy’s core healthcare services including online and offline doctor consultations, medicine delivery, diagnostic tests, surgeries, and insurance services continued to be its primary revenue drivers, contributing ₹722 crore in FY25.…
Pune-based Brainbees Solutions, the parent company of omnichannel baby care retailer FirstCry, has announced the acquisition of K.A. Enterprises (Hygiene) as part of its strategy to deepen its presence in the fast-growing hygiene products segment. The acquisition will be executed through Swara Baby Products, a subsidiary of Brainbees. In a regulatory filing dated December 23, Brainbees said Swara Baby will acquire 100% equity ownership of KA Hygiene through a share swap transaction valued at ₹57.74 crore. As part of the deal, Swara Baby will issue 38,49,572 equity shares to the existing shareholders of KA Hygiene. The transaction does not involve…
Entrepreneur and investor Nikhil Kamath and Future Group founder Kishore Biyani have jointly launched The Foundery, a residential business launchpad designed to identify, build, and scale early-stage Indian startups within 90 days. Positioned as a co-founder factory, the initiative aims to move ideas from concept to investible businesses through intensive execution-led programmes. The Foundery operates as a 90-day residential cohort-based programme, blending elements of a school, accelerator, and venture studio. Unlike traditional startup accelerators that rely heavily on classroom-style learning, the model places a strong emphasis on hands-on execution, rapid experimentation, and real-world problem solving. Participants work closely with experienced…
Dugar Finance, an impact-focused secured MSME lending NBFC, has raised $18 million (around ₹160 crore) in a debt funding round led by Swiss-based investor Symbiotics. The round also saw participation from several Indian financial institutions, including Union Bank of India, Karur Vysya Bank, Indian Overseas Bank, Tamilnad Mercantile Bank, and STCI Finance, among others. Symbiotics contributed $5.5 million as part of the transaction. This marks the company’s second fundraise involving Symbiotics in 2025. Earlier in June, Dugar Finance had raised $3 million in debt through the $75 million Green Basket Bond issued by Symbiotics Investments. Focus on MSME Lending and…
Motilal Oswal Alternates has invested $72 million in Sensa Core Medical Instrumentation, a Hyderabad-based medical devices company focused on developing indigenous healthcare technology. The investment underscores growing private equity interest in India’s domestic medical devices manufacturing ecosystem amid rising import dependence. Founded in 2006 by Dr. Ravi Kumar Meruva, Sensa Core is engaged in the design, development, manufacturing, and distribution of specialised in-vitro diagnostic (IVD) devices. The company claims its products are used across more than 40,000 hospitals and diagnostic laboratories in India, with exports spanning over 78 countries. Expanding Product Portfolio and Manufacturing Capacity Sensa Core’s product portfolio includes…
Apple supplier Foxconn has carried out an unprecedented workforce expansion at its upcoming iPhone manufacturing facility near Bengaluru, hiring nearly 30,000 employees within nine months of starting operations. The rapid scale-up is being seen as one of the fastest hiring drives ever recorded at a single manufacturing site in India. The factory, located in Devanahalli, spans close to 300 acres and has quickly emerged as a major employment centre. Notably, around 80% of the workforce comprises women, largely in the 19–24 age group, many of whom are entering formal employment for the first time. The scale of hiring has also…