Mumbai based construction materials platform infra.market is set to raise up to ₹1,250 crore through debt, months after filing confidential IPO papers, by pledging company assets and promoter shareholdings as collateral. Debt Structure and Private Placement According to regulatory filings, the company’s board has approved the issuance of up to 1,25,000 non-convertible debentures (NCDs) with a face value of ₹1,00,000 each via private placement, aggregating to ₹1,250 crore. Out of this, infra.market has already secured ₹700 crore from Singapore based private credit platform Ascertis Credit by issuing 70,000 NCDs at the same face value. The debt raise is backed by…
Author: Adarsh Kumar
Home interiors platform Livspace has witnessed another senior leadership departure, with Chief Business Officer Lalit Mittal exiting the company weeks after co-founder Saurabh Jain stepped down. Mittal, who spent nearly six years at the company, has chosen to pursue his own entrepreneurial venture. According to a company statement, the transition took place over a month ago. Leadership Transition Timeline Mittal joined Livspace in November 2019 as Senior Director of Business Initiatives. Over the years, he rose through the ranks serving as AVP, leading Livspace Select as CEO, and eventually being appointed Chief Business Officer in January 2022. In his role…
Hybrid-electric aviation startup LAT Aerospace has acquired Gurugram based defence robotics firm Sharang Shakti in a move that signals a calibrated expansion into indigenous defence technologies alongside its civil aviation ambitions. The acquisition, announced by co-founder Deepinder Goyal, marks LAT Aerospace’s first formal step into defence capability building. While financial terms were not disclosed, the strategic intent is clear: build a shared technology stack spanning civil aviation and defence grade autonomous systems. Convergence of Civil and Defence Technologies Industry observers often treat civil aviation and defence as separate verticals. However, both sectors rely heavily on core technologies such as autonomy,…
Bengaluru based Kris@Work, an AI-native go-to-market (GTM) execution platform for enterprise revenue teams, has raised $3 million in a seed funding round led by Info Edge Ventures. The round also saw participation from JN Capital & Growth Advisory (Singapore) and several angel investors. Capital to Accelerate Enterprise Expansion According to the company, the fresh funds will be deployed to expand its enterprise customer base, deepen go-to-market partnerships, and complete development across all four phases of its platform roadmap. Co-founded by Arun Singh and Ramakrishna Mallya, Kris@Work is positioned as a “system of work” and “system of insights” designed to help…
Farm-to-fork fresh produce platform Pluckk is set to raise ₹100 crore (approximately $11 million) in a fresh funding round from existing backer Euro Gulf Investment, according to regulatory filings. This follows Euro Gulf Investment’s $10 million infusion into the company in March last year. While the latest round has not yet been publicly announced, filings with the Registrar of Companies indicate that Pluckk’s board has approved the issuance of 3,471 Series C compulsorily convertible preference shares (CCPS) at an issue price of ₹2,88,112 per share to raise the planned ₹100 crore. Use of Funds and Valuation As per the filings,…
Deep-tech engineering startup Hycosys has raised over $1 million (approximately ₹9 crore) in a seed funding round led by MountTech Growth Fund under its Kavachh initiative. The round marks a significant step in the company’s mission to build hydrogen ready, low-emission micro gas turbine systems. The Bengaluru based firm had previously secured $88,400 in a pre-seed round from PointOne Capital in December 2024. Funding to Accelerate Clean Energy Innovation Hycosys will use the fresh capital to expand its engineering team, access advanced testing infrastructure, and accelerate the development of its micro gas turbine (MGT) platform. The startup aims to demonstrate…
B2B SaaS platform Mojro has raised $3 million in a fresh funding round led by IAN Alpha Fund, with participation from 1Crowd and existing investors. The investment will support the company’s global expansion and product development initiatives. Focus on US and Southeast Asia Expansion The newly raised capital will be deployed to strengthen Mojro’s presence in the United States and Southeast Asia, two key growth markets for the company. It will also be used to enhance its AI-driven logistics optimisation platform and expand product, engineering, and sales teams. Founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu, Mojro…
India’s home services marketplace Urban Company has scaled its quick service housekeeping vertical InstaHelp to over 50,000 daily bookings, less than a year after its pilot launch in March 2025. The milestone was disclosed by co-founder and CEO Abhiraj Singh Bhal, who noted that the company is building a high frequency services category aimed at deepening platform engagement and improving long term unit economics. Rapid Scale in Under a Year Initially launched as a pilot in Mumbai, InstaHelp has since expanded into select micro-markets across Bengaluru, Delhi-NCR, Hyderabad, and Pune. According to a stock exchange filing, the service recorded approximately…
Direct-to-consumer lifestyle and tech accessories brand DailyObjects crossed the ₹100 crore revenue mark in the financial year ending March 2025, underscoring steady demand for its curated product portfolio. However, aggressive spending on advertising and talent expansion led to a sharp rise in losses during the same period. According to regulatory filings accessed via the Registrar of Companies (RoC), DailyObjects reported a 31% year-on-year increase in revenue from operations to ₹110 crore in FY25, compared to ₹84 crore in FY24. Product sales contributed 99.6% of total revenue, climbing to ₹109.6 crore, while the remainder came from shipping and delivery income. On…
Peak XV and Tiger Global backed fintech firm Progcap delivered strong growth in FY25, nearly doubling its operating revenue while sharply reducing losses, bringing the company close to breakeven. According to its filings with the Registrar of Companies, Progcap’s revenue from operations rose 93% year-on-year to ₹268 crore in the fiscal year ended March 2025, compared to ₹139 crore in FY24. Revenue Growth Outpaces Expenses Founded to bridge the credit gap for underserved micro and small enterprises (MSMEs), Progcap digitises supply chains and facilitates debt capital access for last-mile retailers. Income from these financing services remained its sole operating revenue…