Flipkart-backed logistics unicorn eyes ₹1,907 crore public issue Flipkart-backed last-mile logistics company Shadowfax Technologies has fixed the price band for its upcoming initial public offering at ₹118–₹124 per share, as it prepares to tap public markets later this month. The ₹1,907 crore IPO will open for subscription on January 20, 2026, and close on January 22, with anchor investor allocation scheduled a day earlier. The issue comprises a fresh issue of around ₹1,000 crore and an offer for sale (OFS) of approximately ₹907 crore. Who is selling in the OFS The OFS will see partial exits from several marquee investors,…
Author: Aman Atulya
India’s Construction Materials Market Remains Fragmented India’s home renovation and construction market is large but operationally inefficient. Consumers continue to face delays, opaque pricing, and authenticity risks due to fragmented supplier networks and unorganised distribution. As the supplier ecosystem begins to formalise, construction-tech startups are stepping in to modernise procurement and improve the end-user experience. Funding Snapshot and Early Traction Delhi-based HandyPanda has raised ₹2 crore (around $240,000) in a pre-seed funding round led by AJVC, with participation from angel investors including Sankalp Kathuria and family offices linked to building materials businesses.Launched in September 2025, HandyPanda is close to achieving…
Women’s Hygiene Is Becoming a Scaled Consumer Category India’s women’s hygiene and wellness market has moved beyond awareness-led consumption to consistent, everyday usage. Rising health consciousness, wider retail access, and category formalisation are turning intimate and menstrual care into large, repeat-driven consumer segments, attracting growth-stage capital from global healthcare investors. Funding Snapshot and Capital Structure Delhi-based Pee Safe has raised $32 million (around ₹265 crore) in a funding round led by OrbiMed. The round included a mix of primary capital and partial exits for some early investors.With this round, Pee Safe’s total funding has reached $45.55 million, with Alkemi Partners…
Funding to accelerate green fleet expansion across Indian cities Gurugram-based fleet management startup Carrum has raised an undisclosed amount in a Series A funding round from Uber. The fresh capital will be used to expand Carrum’s fleet and scale operations, the company said in a statement. Launched in 2024 by Karan Jain, Carrum provides B2B mobility and fleet management services, with a focus on decarbonisation and sustainable transport. The company prioritises CNG and electric vehicles (EVs) to align with low-emission mobility practices. Data-led fleet operations and profitability Carrum leverages a tech and data-backed platform to optimise fleet utilisation, driver availability,…
Clean Beauty Brands Are Moving Beyond Niche Appeal India’s beauty and personal care market is seeing a shift from celebrity-led hype to ingredient transparency and science-backed formulations. As consumers become more aware of toxins, allergens, and long-term skin impact, clean beauty brands are transitioning from niche positioning to mass-premium categories, drawing interest from strategic global investors. Funding Snapshot and Capital Mix Mumbai-based Secret Alchemist has raised $3 million (around ₹25 crore) in a funding round led by Unilever Ventures, with participation from DSG Consumer Partners.The round comprised $2.5 million in primary capital and a secondary component, allowing a few early…
Quick commerce platform Blinkit has reportedly removed its widely used 10-minute delivery claim from its branding and customer-facing platforms following directions from the Union Ministry of Labour, according to multiple media reports. Shift in messaging, timelines remain visible Sources cited in reports said Blinkit has replaced its earlier 10-minute delivery tagline with messaging that emphasises the breadth of products delivered to customers’ doorsteps. However, delivery estimates of as low as 8 minutes continue to be displayed in select locations on the app and website, indicating that ultra-fast delivery operations remain active on the ground. Labour ministry raises worker safety concerns…
Global Trade Needs Predictable, Tech-Led Supply Chains Cross-border logistics remains one of the most fragmented layers of global trade. Indian exporters and importers still navigate multiple vendors, manual documentation, poor visibility, and reactive execution across customs, freight, and last-mile delivery. As trade corridors expand beyond traditional routes, demand is rising for orchestration-led platforms that can bring predictability and coordination to international supply chains. Funding Snapshot and Investor Mix Gurugram-based Hexalog has raised $4 million (around ₹33 crore) in a seed funding round led by ENRISSION INDIA CAPITAL. The round also saw participation from Mount Judi Ventures, Action Tesa Family Office,…
India’s Aerospace Supply Chain Still Depends on Imports Despite rising defence spending and a growing UAV ecosystem, India continues to rely heavily on imported flight-critical aircraft components. Certification complexity, long development cycles, and high capital requirements have limited the emergence of domestic suppliers, creating a strategic gap in aerospace and defence manufacturing. Funding Snapshot and Expansion Plans Bengaluru-based Misochain Technologies has raised ₹18 crore (around $2.2 million) in a seed funding round led by Capital-A.The capital will be used to set up a manufacturing facility, accelerate certification programmes, and scale engineering, testing, and MRO capabilities for UAV manufacturers and global…
Indian Specialty Chemicals Startups Go Global India’s specialty chemicals sector is seeing renewed momentum as global customers look to diversify supply chains beyond China. Startups that can combine R&D depth, distribution control, and export readiness are emerging as credible challengers to traditional incumbents, especially in niche and high-value chemical segments. Funding Snapshot and Capital Structure Bengaluru-based Atomgrid has raised $7 million (around ₹58 crore) in a pre-Series A round through a mix of equity and debt. The equity portion was led by A99, with participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures.In addition, Atomgrid secured venture debt…
Instant Services Are Reshaping India’s Beauty Market India’s at-home beauty and wellness sector has traditionally been appointment-led and occasion-driven. However, urban consumers are increasingly seeking everyday services delivered with the same speed and convenience as food or grocery delivery. This behavioural shift is opening up opportunities for startups that can deliver high-frequency beauty services through hyperlocal, operationally tight models rather than large, aggregator-led marketplaces. Funding Snapshot and Business Model Bengaluru-based Dazzl has raised $3.2 million (approximately ₹26.5 crore) in a Seed funding round led by Stellaris Venture Partners, with participation from operators and founders including Ritesh Agarwal, Maninder Gulati, Abhinav…