Debt investment platform Wint Wealth has raised ₹250 crore (around $28 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India, marking one of the notable wealthtech raises in recent quarters. The round also saw participation from existing investors Eight Roads Ventures, 3one4 Capital, Arkham Ventures, and Rainmatter. The funding was earlier reported, along with details around the company’s valuation. Prior to this round, Wint Wealth had raised about $22 million (₹173 crore) from investors including Eight Roads Ventures, Zerodha, 3one4 Capital, and Unitary Fund. Its previous $17 million Series A round included a tranche…
Author: Adarsh Kumar
Gurugram-based digital car services platform Park+ continued its steady scale-up in FY25, reporting strong revenue growth while keeping losses largely unchanged during the year ended March 2025. According to its financial statements filed with the Registrar of Companies (RoC), Park+’s operating revenue increased 34% year-on-year to ₹175 crore in FY25, compared to ₹131 crore in FY24. Service-Led Business Drives Revenue Growth Founded by Amit Lakhotia, Park+ offers a wide range of services for car owners, including parking solutions for residential societies, malls and offices, car cleaning, challan payments, insurance management and vehicle servicing. Over the years, the company has expanded…
Global semiconductor revenue surged to a record $793 billion in 2025, rising 21% year-on-year, driven by explosive demand for artificial intelligence (AI) chips, according to preliminary estimates from Gartner. AI-linked semiconductors including processors, high-bandwidth memory (HBM), and networking components accounted for nearly one-third of total chip sales last year. Gartner said the momentum remains strong, with AI infrastructure spending projected to cross $1.3 trillion in 2026. NVIDIA emerged as the biggest beneficiary of the AI boom, widening its revenue lead over Samsung Electronics by $53 billion in 2025. The US chipmaker became the first semiconductor company to surpass $100 billion…
Bengaluru-based coffee first beverage QSR brand Drickle (formerly BONOMI) has raised nearly Rs 6 crore in a seed funding round, backed by a group of angel investors and startup operators. The round saw participation from Param Kandhari, Naresh Krishnaswamy, Abhinav Mathur, Hemanshu Jain, Vinay Bhopatkar, Vaibhav Sisinty, Dalvir Suri, and Rishit Jhunjhunwala. Media entrepreneur Shaili Chopra also invested through startup platform Ideabaaz. Earlier in April 2025, Drickle had raised Rs 5.3 crore, with an additional Rs 50 lakh coming in later as an extension via Ideabaaz. The latest infusion strengthens the brand’s early stage capital base as it focuses on…
The central government is considering changes to its incentive framework for electric passenger car manufacturing as it evaluates the potential impact of an India–European Union (EU) free trade agreement (FTA), according to a media report. Officials believe the proposed trade deal could lower import duties on electric vehicles (EVs), reducing the attractiveness of the current incentive structure for global automakers to manufacture in India. The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), approved in March 2024, has so far failed to attract any applications despite being operational for over a year. The scheme was designed to…
Game production and live services startup Liquidnitro Games has raised $19.1 million in a Series A funding round led by Northpoint Capital, with participation from existing investor Nexus Venture Partners. The Hyderabad-based company had earlier raised $5.25 million in a seed funding round in March 2024, led by Nexus Venture Partners, with backing from angel investors across the US, Canada, Europe, and India. Liquidnitro plans to deploy the fresh capital to scale its AI-enabled game production and live services platform, expand co-investment partnerships with global publishers, and strengthen its presence across international markets. Founded in December 2023 by former Electronic…
Healthtech company Innovaccer has completed an employee stock ownership plan (ESOP) buyback worth ₹600 crore (around $75 million), providing liquidity to current and former employees holding vested stock options. According to a media report, the buyback benefited an undisclosed number of employees holding restricted stock units (RSUs), marking one of the larger ESOP liquidity events in India’s SaaS and healthtech space this year. The ESOP buyback follows Innovaccer’s $275 million Series F funding round, which comprised both primary and secondary capital. The round saw participation from marquee investors including B Capital, Kaiser Permanente, and Generation Investment Management, strengthening the company’s…
Branded egg producer Eggoz delivered a strong financial performance in FY25, reporting sharp revenue growth and a modest reduction in losses during the year, despite facing reputational headwinds in recent months. Eggoz’s operating revenue rose 78% year-on-year to ₹130 crore in FY25 from ₹73 crore in FY24, according to its standalone financial statements sourced from the Registrar of Companies (RoC). The growth was driven by higher volumes, wider market reach, and stronger brand traction across urban centres. Founded in 2017 in Bihar by Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz operates an asset light, farmer-led supply chain that enables…
Adtech unicorn Amagi Media Labs has raised ₹805 crore from anchor investors ahead of its initial public offering (IPO), which opens for subscription on January 13. The company allotted over 2.22 crore equity shares to 42 anchor investors at ₹361 per share, the upper end of the IPO price band, according to regulatory filings. The anchor round witnessed strong participation from a mix of leading domestic mutual funds and global institutional investors, signalling robust institutional confidence in the company’s business model and growth prospects. Prominent domestic investors included SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Tata Mutual…
India’s net direct tax collections rose nearly 9 per cent year-on-year to ₹18.38 trillion as of January 11 in the current fiscal, reflecting steady revenue momentum despite moderation in refunds, according to data released by the Income Tax Department on Monday. Net direct tax receipts stood at ₹18.38 trillion, registering a growth of 8.82 per cent over the corresponding period last year. The collections include net corporate tax of over ₹8.63 trillion, while taxes from non-corporates including individuals, Hindu Undivided Families (HUFs) and other entities amounted to ₹9.30 trillion, highlighting sustained buoyancy in personal income tax inflows. Gross direct tax…