Healthcare-focused venture capital firm W Health Ventures has announced the first close of its second fund at Rs 550 crore, marking a significant step in its continued bet on technology-led healthcare startups. The firm has set a target corpus of around Rs 630 crore for Fund II and plans to back 8–10 early stage healthcare ventures over the investment cycle. Investment Strategy and Focus Areas W Health Ventures will invest Rs 30–50 crore per startup, primarily at the early stage. The fund will continue to follow its distinctive company creation and incubation model, working closely with founders from the idea…
Author: Adarsh Kumar
Online travel platform Yatra reported steady revenue growth in the third quarter of FY26, even as its net profit slipped into single digits amid higher operating costs. Revenue Growth Continues Yatra’s revenue from operations rose to Rs 257 crore in Q3 FY26, up from Rs 235 crore in the corresponding quarter last year, according to its consolidated unaudited financials filed with the NSE. Including Rs 4.5 crore from financial income, the company’s total income stood at Rs 261.5 crore, compared to Rs 241 crore in Q3 FY25. For the nine-month period ended December, Yatra’s operating revenue surged 43% year-on-year to…
Zerodha-backed Rainmatter Investments has acquired a 51% majority stake in digital pension platform PensionBox in a $2 million deal structured through a mix of primary and secondary transactions. The transaction provides a full exit to early investors including 100X.VC, SAT Industries, Keynote Capital, LetsVenture, and several angel backers. Post acquisition, founders Kuldeep Parashar and Shivam Parashar will retain a combined 48% stake in the company. Strategic Focus: Corporate NPS Expansion Founded in 2021, PensionBox operates as a PFRDA-regulated digital pension platform, enabling individuals and enterprises to open and manage National Pension System (NPS) accounts online. Its offerings include instant onboarding,…
India’s private spacetech momentum gathered further pace as Ethereal Exploration Guild (EtherealX) closed a $20.5 million Series A round, propelling its valuation nearly sixfold to around $80 million (Rs 720 crore). The round was led by existing backer BIG Capital, with participation from TDK Ventures, Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund, and Riceberg Ventures, among others. Funding Structure and Valuation Surge As per regulatory filings, EtherealX approved the issuance of 9,763 Series A preference shares at Rs 1,87,920 each, aggregating to Rs 183.4 crore ($20.5 million). The company has already received approximately $9.7 million, with the remaining…
Walmart backed fintech giant PhonePe continued to dominate India’s Unified Payments Interface (UPI) ecosystem in January, processing 9.91 billion transactions during the month. The company accounted for 45.7% of total UPI transaction volume and 48.6% of total transaction value, reinforcing its leadership in the digital payments market. According to data released by the National Payments Corporation of India, the UPI network processed 21.7 billion transactions worth Rs 28,33,481 crore in January, marginally higher than December’s 21.63 billion transactions, indicating continued strength in India’s digital payments growth trajectory. Google Pay Holds Second Position, Paytm Third Google Pay retained its position as…
NASDAQ-listed SaaS firm Freshworks delivered a strong close to calendar year 2025, reporting $223 million in revenue for Q4 CY25, up 15% year-on-year from $195 million in the same quarter last year. The company also achieved a key milestone by posting a GAAP operating profit, signaling sustained margin improvement. On a sequential basis, revenue rose 4% from $215 million in Q3 CY25, reflecting steady demand across its customer engagement and IT service management solutions. Turns GAAP Profitable at Operating Level Freshworks reported GAAP operating income of $40 million in Q4 CY25, compared to an operating loss of $24 million in…
Fashion supply chain platform Showroom B2B has raised ₹150 crore (approximately $17 million) in a Series A funding round led by Cactus Partners, as it looks to deepen its technology-led sourcing and manufacturing capabilities across India. The round, comprising a mix of equity and debt, also saw participation from new investor Zephyr Peacock and existing backers Jungle Ventures, Accion Venture Lab, and NBD Ventures. The Gurugram based startup had previously secured $6.5 million in a pre-Series A round in October 2023, led by Jungle Ventures. Capital to Strengthen Tech-Enabled Sourcing Infrastructure The fresh funds will be deployed to expand Showroom…
Petcare startup Supertails has raised $30 million in a fresh funding round led by Venturi Partners, as the company accelerates its push to build a full-stack, technology-led petcare ecosystem in India. The round also saw participation from Nippon India Alternative Investments, Titan Capital Winners Fund, and existing backers including Fireside Ventures, RPSG Capital Ventures, Sauce VC, and Saama Capital. Expansion Across Clinics, At-Home Care and Fulfilment The fresh capital will be deployed to expand Supertails’ veterinary clinic network, scale its at home petcare services, strengthen fulfilment and logistics infrastructure, and enhance personalisation across its digital platform as it deepens presence…
Adani Energy Solutions Ltd has secured a $750 million long-term loan led by major Japanese lenders, underscoring growing foreign interest particularly from Japan in India’s infrastructure and clean energy ecosystem. The dollar-denominated facility carries a five year tenor and is priced at roughly 200 basis points over the Secured Overnight Financing Rate (SOFR), according to people familiar with the transaction. The funding was led by Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp, as per a company release. Funding to Back Flagship Green Transmission Project The proceeds from the loan will be used to fund Adani Energy’s high voltage…
Adani Energy Solutions Ltd (AESL) has secured long-term financing from a consortium of Japanese banks for its flagship high voltage direct current (HVDC) transmission project, marking a significant step in strengthening India’s green energy infrastructure. The project is being developed as a dedicated green power evacuation corridor, aimed at transporting renewable energy generated in western India to high-demand regions in the north. High-Capacity HVDC Link to Evacuate Renewable Power The ±800 kV HVDC corridor will have an evacuation capacity of 6,000 megawatts (MW) and will span nearly 950 kilometres, connecting Bhadla in Rajasthan one of India’s most solar rich regions…