Raises over 60% of target corpus, focuses on early-stage consumer startups Consumer-focused venture capital firm Kairon Capital, founded by Deepankur Malhotra, has completed the first close of its inaugural fund, marking a key milestone in its launch. The debut fund is targeting a total corpus of ₹150 crore, with an additional ₹50 crore greenshoe option. According to the firm, more than 60% of the target corpus has already been secured in the first close. Backed by founders, family offices and corporates Kairon Capital’s limited partners include consumer startup founders, family offices, and strategic corporate investors. Backers feature founders from brands…
Author: Aman Atulya
National Startup Day marks 10 years of Startup India, tracing how policy, capital, and founders quietly reshaped India’s economic landscape. When Startup India was launched on January 16, 2016, it marked a structural shift in how India viewed entrepreneurship. Startups were no longer fringe experiments or urban anomalies. They were positioned as engines of innovation, employment, and long-term economic growth. Ten years later, National Startup Day offers a data-backed lens into how deeply that shift has reshaped India’s economic and business landscape. The scale of India’s startup ecosystem As of 2026, more than 1.2 lakh startups have been officially recognised…
Third public bond offering in 30 months, includes PSU’s first zero-coupon option State-owned Power Finance Corporation (PFC) on Thursday launched its third public issue of secured, redeemable non-convertible debentures (NCDs), aiming to raise up to ₹5,000 crore. Speaking at the launch, Parminder Chopra, Chairperson and Managing Director of PFC, said the strong response to the company’s earlier bond issuances reflected sustained investor confidence in both PFC and India’s power sector. She described the sector as a critical pillar of economic growth and self-reliance, with PFC playing a central role in financing the energy transition. The issue, which opens for subscription…
Move strengthens governance as company prepares for next growth phase Flipkart has appointed Jane Duke as its new Chief Ethics and Compliance Officer (CECO) for the Flipkart Group. In her new role, Duke will lead the group’s ethics and compliance function and work closely with the senior leadership team. The appointment underscores Flipkart’s focus on strengthening governance and institutional leadership as it scales operations and prepares for its next phase of growth, including plans to file for an initial public offering (IPO), according to sources familiar with the matter. Leadership focus on transparency and integrity Commenting on the appointment, Kalyan…
Carbon Markets Are Facing a Credibility Crisis Global carbon markets are under growing scrutiny as regulators and buyers question the integrity, traceability, and real-world impact of carbon credits. Legacy systems rely heavily on periodic audits and document-based verification, creating delays, high costs, and trust gaps, particularly for technology-led projects and smaller developers in the Global South. This has intensified demand for continuous, data-backed verification infrastructure. Funding Snapshot and Capital Composition Bengaluru-based climate tech startup RenewCred has raised ₹4.25 crore (around $510,000) in a seed funding round comprising a mix of equity and grants. The round was led by Campus Angels…
M&A Teams Are Under Pressure to Move Faster Across global markets, corporate development and M&A teams are being asked to deliver inorganic growth with smaller teams and tighter timelines. Yet deal sourcing in the mid-market and early-stage segments continues to rely heavily on banker networks, static databases, and manual research. This often results in buyers competing for the same marketed deals, while high-quality off-market opportunities remain largely invisible. Funding Snapshot and Use of Capital AI-led M&A platform GrowthPal has raised $2.6 million (around ₹22 crore) in a funding round led by Ideaspring Capital, with participation from global angel investors.The fresh…
India’s Resale Housing Market Still Lacks Transparency India’s residential resale market remains highly fragmented, with buyers often navigating opaque pricing, incomplete listings, and complex paperwork. While primary sales have seen digital adoption, resale transactions continue to rely on brokers and offline processes, creating inefficiencies in discovery, due diligence, and execution. This gap has opened space for proptech platforms focused on intelligence-led, full-stack transaction support. Funding Snapshot and Capital Mix Mumbai-based proptech startup Truva has raised $9 million (around ₹78 crore) in a funding round co-led by Stellaris Venture Partners and Orios Venture Partners.Of the total, $7.3 million was raised through…
Satellite Lifespan Is Emerging as a Space Economy Bottleneck As satellite constellations grow and orbital slots become more valuable, fuel scarcity and end-of-life management are turning into critical constraints for space operators. High-value satellites often fail not because of hardware breakdown, but due to depleted fuel, forcing premature retirement and adding to orbital congestion. This has sharpened global interest in in-orbit servicing, inspection, and life-extension technologies. Funding Snapshot and Use of Capital Bengaluru-based deep-tech startup Aule Space has raised $2 million (around ₹16.5 crore) in a pre-seed funding round led by pi Ventures, with participation from angel investors including Eash…
Move strengthens leadership bench as Snabbit eyes larger funding round Quick home services platform Snabbit has announced that it is joining forces with the founding team of Pync, as it looks to accelerate expansion in India’s fast-growing on-demand home services market. As part of the acquihire, Pync founders Harsh Prateek, Mayank S, and Dev Priyam will join Snabbit in senior roles across operations and business functions. The deal brings the core team behind Pync into Snabbit, while the Pync brand itself will be wound down. About Pync and its pivot journey Founded in 2023, Pync began as a car-cleaning subscription…
National Startup Day to reflect on India’s startup rise and next growth phase Prime Minister Narendra Modi will participate in a special programme on Friday to commemorate a decade of the Startup India initiative, where he is scheduled to interact with founders, investors, and ecosystem leaders from across the country. Launched on January 16, 2016, Startup India was conceived as a national mission to promote entrepreneurship, innovation, and investment-led growth. Over the past ten years, the initiative has played a decisive role in transforming India into one of the world’s most dynamic startup ecosystems. India’s startup ecosystem at 10 Since…