South Korean gaming major Krafton, best known in India for Battlegrounds Mobile India (BGMI), has announced plans to launch an India focused technology investment fund in partnership with Naver and Mirae Asset, with a target corpus of up to ₹6,000 crore. The proposed vehicle, to be called the Unicorn Growth Fund, will place India at the centre of Krafton’s broader Asia investment strategy and marks a significant expansion of the company’s focus beyond gaming into the wider technology and innovation ecosystem. The fund is expected to begin operations in January 2026. The announcement builds on Krafton’s growing presence in India,…
Author: Adarsh Kumar
Japan based MUFG Bank, a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), has announced an investment of ₹39,618 crore (around $4.4 billion) to acquire a 20% stake in Shriram Finance through a preferential allotment of equity shares. The transaction represents the largest foreign direct investment (FDI) ever made in India’s financial services sector. Under the proposed deal, MUFG Bank will be issued over 471 million equity shares at a price of ₹840.93 per share, translating into a 20% holding on a fully diluted basis. Following completion, MUFG will be entitled to nominate two non-independent directors to Shriram Finance’s…
Billionaire Gautam Adani-led Adani Group is planning to invest over $11 billion (₹1 trillion) in its airports business by 2030, as it looks to scale operations, bid for new airport assets, and expand into aviation services ahead of a proposed initial public offering (IPO). The investment will be channelled through Adani Airport Holdings Ltd (AAHL) towards building new terminals, runways, aircraft handling infrastructure, and passenger amenities, Jeet Adani, Director at AAHL, said in an interview. While the funding structure has not been finalised, the group is preparing to list the airports business by the financial year ending March 2028, potentially…
Ecommerce enablement SaaS platform Unicommerce has appointed Gaurav Juneja as its Chief Revenue Officer (CRO) and designated him as a Senior Management Personnel, effective December 18, 2025, according to a regulatory filing by the company. The appointment was approved by Unicommerce’s Nomination and Remuneration Committee through a resolution passed on the same day. The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with the latest SEBI circulars. Juneja joined Unicommerce earlier on October 13, 2025, and will now lead the company’s revenue strategy, sales and business…
Healthcare focused edtech startup Virohan has raised Rs 65 crore ($7.5 million) as part of its ongoing Series B funding round, led by Japan based Mynavi Corporation. The round also witnessed participation from existing investors, including Blume Ventures, Bharat Inclusive Technologies Seed Fund, and Rebright Partners, reinforcing continued confidence in the company’s growth trajectory. The fresh capital will be utilised to accelerate Virohan’s journey towards profitability, with a sharp focus on product innovation, operational efficiencies, and strategic talent expansion, the company said in a statement. Entrackr had earlier exclusively reported the development. Founded in 2018, Virohan operates at the intersection…
Bengaluru based social investing and stock market advisory platform StockGro has raised $13 million in a Series B1 funding round led by BITKRAFT Ventures, strengthening its capital base as it scales its presence across India’s fast growing retail investing ecosystem. The funding comes shortly after the company secured $17 million in its Series B round from Param Capital, led by seasoned investor Mukul Agarwal. With the latest infusion, StockGro has now raised close to $90 million in equity and debt funding to date, according to industry estimates. Founded in 2020 by former venture capitalist Ajay Lakhotia, StockGro operates a social…
The Karnataka High Court has directed online gaming startup WinZO to furnish comprehensive financial details, including disclosures related to its subsidiaries and associated entities in India and overseas, as part of an ongoing investigation linked to alleged financial irregularities. The directive comes amid proceedings initiated after the Enforcement Directorate (ED) conducted search operations at multiple premises connected to the company last month. During the action, the ED froze assets worth approximately ₹505 crore and arrested WinZO’s two cofounders, intensifying scrutiny around the firm’s financial structure and transactions. According to court filings, the High Court has asked WinZO to submit audited…
Bengaluru based fintech startup Jar is in advanced discussions to raise over $100 million in a fresh funding round led by WestBridge Capital, according to multiple sources familiar with the matter. The proposed round is expected to value the company between $500 million and $550 million, marking a significant step up from its previous valuation. Sources indicated that Kotak Investment Banking has been appointed as the banker for the transaction, and the deal could be finalised within the next four to six weeks, subject to customary conditions. Queries sent to Jar and WestBridge remained unanswered at the time of publishing.…
Recruitment platform WorkIndia has raised $10.8 million (around ₹97 crore) in a fresh funding round to expand its footprint across non-metro and Tier II–III markets in India. The round was led by Aavishkaar Capital, which invested ₹75 crore, while existing investor BEENEXT Capital participated with an investment of ₹22 crore, underscoring continued confidence in the company’s growth trajectory. WorkIndia said the newly raised capital will be deployed to upgrade its technology infrastructure, enhance platform capabilities, and tap into high-demand hiring markets in towns and cities beyond Tier I. The company aims to strengthen its AI-led job matching engine and improve…
Travel tech firm Travelstack Tech, the parent company of budget hotel chain FabHotels, has filed its draft red herring prospectus (DRHP) with SEBI to raise funds through an initial public offering (IPO). According to the DRHP, the proposed IPO will comprise a fresh issue of equity shares worth up to ₹250 crore and an offer-for-sale (OFS) of up to 2.69 crore shares by existing shareholders. The final issue size and pricing will be determined closer to the launch. Several prominent investors are set to pare their stakes via the OFS, including Accel, Goldman Sachs, Panthera Growth Partners, Anupam Mittal and…