Proptech startup Truva has raised $6.3 million (₹56.7 crore) in a Series A funding round from its existing investors, Stellaris Venture Partners and Orios Venture Partners, strengthening its balance sheet as it looks to scale operations and expand its property discovery platform. Regulatory filings with the Registrar of Companies (RoC) show that Truva issued 54,628 Series A Compulsorily Convertible Preference Shares (CCPS) at an issue price of ₹10,383 per share to raise the fresh capital. Stellaris Venture Partners led the round with an investment of ₹30.5 crore, while Orios Venture Partners participated with ₹26.22 crore. The company said the proceeds…
Author: Adarsh Kumar
India’s mutual fund industry extended its strong growth streak in 2025, adding nearly ₹14 trillion to its asset base and taking total assets under management (AUM) to an all-time high of ₹81 trillion by November, driven largely by rising retail participation and record inflows through systematic investment plans (SIPs). Data from the Association of Mutual Funds in India (AMFI) shows that the industry recorded net inflows of about ₹7 trillion during the year so far, while the investor base expanded sharply by 3.36 crore accounts, reflecting the deepening penetration of mutual funds among households. Venkat Chalasani, Chief Executive Officer of…
The Adani Group is pressing the central government to grant additional international flying rights to airlines, a move aimed at boosting passenger traffic across its rapidly expanding airport portfolio as the conglomerate invests billions of dollars in aviation infrastructure. Adani Airports Holdings Ltd (AAHL), which operates eight airports across India, has urged the Centre to initiate bilateral negotiations with countries including the United Arab Emirates, Saudi Arabia, Qatar, Singapore, Indonesia and Malaysia to expand seat entitlements, according to people familiar with the matter. The group believes enhanced international capacity would help Indian airports particularly Mumbai emerge as global aviation hubs.…
Elon Musk’s artificial intelligence venture xAI has acquired a third building near Memphis as part of its aggressive expansion plans for its flagship ‘Colossus’ data centre complex, a move that will push the company’s AI computing capacity to nearly 2 gigawatts. Musk confirmed the development in a post on X, saying the newly acquired facility will significantly boost xAI’s training infrastructure. “xAI has bought a third building called MACROHARDRR. This will take xAI training compute to almost 2GW,” Musk wrote. A single gigawatt of power is typically sufficient to supply electricity to around 750,000 US homes. xAI already operates one…
Global luxury automobile brands Mercedes-Benz and BMW are exploring opportunities in India’s premium real estate sector and are currently in discussions with multiple developers across key urban markets, according to sources familiar with the matter. Industry insiders say interest from high-end global brands in Indian realty has intensified and is expected to accelerate further in 2026. Multiple sources indicated that Mercedes-Benz is already in advanced talks with several developers in Gurugram to develop a luxury branded residential project. The proposed development is expected to target ultra-high-net-worth individuals (UHNWIs) and affluent buyers seeking globally branded living experiences, though deal specifics remain…
Global packaged seafood company Captain Fresh has withdrawn its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), according to information published by the market regulator. The Bengaluru-based company clarified that the move is strategic and aimed at facilitating the closure of a material acquisition. Captain Fresh was earlier planning to raise around ₹1,700 crore through a fresh issue as part of its proposed initial public offering (IPO). Ahead of the listing, the company had also secured ₹250 crore in pre-IPO funding led by existing investors Prosus Ventures, Accel and Tiger Global, with participation…
Ola Electric has received government certification for its flagship electric motorcycle, the Roadster X+, powered by the company’s in-house developed 4680 Bharat Cell battery pack. The approval marks a key milestone for Ola Electric as it becomes the first electric motorcycle in India to be certified with an indigenously developed 4680-format battery cell. In an exchange filing, the company said the Roadster X+ (9.1 kWh) has been approved under the Central Motor Vehicle Rules (CMVR), 1989, by the International Centre for Automotive Technology (iCAT), Manesar. Following the certification, Ola Electric will commence deliveries of the Roadster X+ model. According to…
CarDekho Group reported a 24% year-on-year rise in consolidated operating revenue to ₹2,795 crore in FY25, up from ₹2,250 crore in the previous fiscal, according to the company’s latest press release. The growth was driven by steady performance across its diversified businesses spanning auto classifieds, fintech, insurance, shared mobility, and international markets. Despite strong topline growth, the group’s consolidated losses narrowed only marginally to ₹266 crore in FY25, compared with ₹276 crore a year earlier, excluding exceptional items and share of losses from associates. The company said losses were primarily due to continued investments and growth-stage losses in its insurance…
Vipin Kapooria, the Chief Financial Officer (CFO) of Blinkit, has resigned from the quick commerce company, according to sources familiar with the matter. Kapooria’s exit comes a little over a year after he joined the firm in September 2024, marking a key leadership change at a time when competition in the quick commerce sector is intensifying. Details regarding his successor remain unclear, with no confirmation yet on whether Blinkit will appoint an internal executive or bring in an external hire to lead its finance function. Kapooria is reportedly likely to rejoin Flipkart, where he previously served as Vice President Business…
Delivery partners working with major app-based platforms including Zomato, Swiggy, Zepto, Blinkit, Amazon, and Flipkart have announced a nationwide strike on December 31, 2025, escalating their protest over wages, safety, and social security in the gig economy. The renewed strike follows a similar all-India protest on December 25 (Christmas Day), during which nearly 40,000 delivery workers participated, disrupting an estimated 50–60% of deliveries across several cities. Worker unions said the upcoming action is intended to intensify pressure on platforms as grievances remain unaddressed. The December 31 strike has been called by the Telangana Gig and Platform Workers Union (TGPWU) in…