E-commerce marketplace Meesho’s initial public offering (IPO) witnessed robust investor demand, ending with 79X overall subscription, driven by overwhelming participation from institutional investors. The QIB quota was subscribed 120X, followed by 38.14X from Non-Institutional Investors (NIIs). The retail portion also saw solid traction at 19X, underscoring strong investor confidence. Subscription Window and Issue Structure The IPO was open from December 3 to 5 with a price band of ₹105–111 per share. The minimum application value was ₹14,175. Share allotment is scheduled for December 8, and Meesho will debut on the BSE and NSE on December 10. The issue comprises a…
Author: Aman Atulya
Ola Electric is preparing to recruit around 1,000 senior service technicians and specialised professionals as the company moves into the next phase of its Hyperservice programme, according to people familiar with the roadmap. The expansion will significantly strengthen Ola’s after-sales workforce, which currently stands at approximately 2,000 service personnel. From Firefighting to Structural Capability Building The hiring follows weeks of rapid-response initiatives deployed to clear service backlogs in major cities. “This is the second, more structural leg of Hyperservice,” a senior company official confirmed. Unlike earlier surge efforts, which were task-force driven, this phase focuses on long-term capacity building to…
Y Combinator Backs Redapto’s Autonomous AI Platform Redapto, an autonomous AI platform for customer interaction and lifecycle management, has raised $500K in a pre-seed round led by Y Combinator. The funding will be used to deepen Redapto’s capabilities in activation, expansion, churn prediction, lifecycle personalization, and to improve data pipelines and AI accuracy. Full-Lifecycle AI for Customer Engagement Founded this year by Anirudh Pupneja, Redapto develops full-lifecycle AI systems that help businesses deliver personalized engagement across onboarding, activation, retention, expansion and renewal. The platform identifies churn risks, cross-sell and upsell opportunities, and high-value engagement moments, enabling teams to drive customer…
Vietnamese electric mobility giant VinFast has signed an MoU with the Tamil Nadu government for the allocation of 500 acres of land in the Sipcot Industrial Park, Thoothukudi. The land will support Phase II expansion of VinFast’s operations, enabling production of electric buses, escooters, and associated components. The company already manufactures electric cars at the current facility. Second-Phase Investment of $500 Million Planned The new land allocation is expected to translate into an additional $500 million investment, taking VinFast’s cumulative India commitment to $2 billion. Phase II development will include new workshops, assembly lines, testing zones, and related infrastructure for…
ASG Eye Hospital, one of India’s largest super-speciality eye-care networks, has unveiled an ambitious expansion strategy with an investment of ₹2,000 crore to scale its national presence from 175-plus centres to 600–700 centres by 2030. The plan is backed by existing investors General Atlantic and Kedaara Capital, and is aimed at meeting rising demand for quality ophthalmic care in tier-2 and tier-3 markets. ASG currently operates across 95+ cities with over 175 hospitals and 200 vision centres. Three-Pillar Growth Roadmap to 2030 ASG’s strategy is built on three pillars:• Acquisitions: The company plans 8–10 targeted acquisitions annually, modelled on its…
DMI Alternatives has closed a $120 million corporate private credit fund aimed at providing flexible financing to performing, cash-flowing Indian companies. The raise underscores rising demand for non-dilutive credit capital in India, as corporates increasingly seek diversified funding beyond banks and public markets. The strategy will be led by Harein Uppal. Bespoke Financing for High-Potential Indian Enterprises The fund will focus on delivering customised credit solutions tailored to mid-market companies positioned for sustainable long-term growth. DMI Alternatives plans to deploy capital across sectors benefiting from India’s economic momentum, including healthcare, technology, business services, manufacturing, and financial services. Private Credit Accelerates…
Electric mobility startup Ultraviolette Automotive has raised $45 million in its ongoing Series E funding round, backed by Zoho Corporation and Italy-based Lingotto. The company has not disclosed the full size of the round or its valuation. The raise follows the $21 million secured from TDK Ventures earlier in August. Ultraviolette has now accumulated $145 million in total funding, supported by key investors including TVS Motor Company and Mudhal Partners. Scaling Production of F77 and X47 Motorcycles Ultraviolette will use the new capital to ramp up production of its flagship electric motorcycles — the F77 sports bike and the newly…
Quick commerce platform Zepto has launched a slotted delivery feature in select locations, giving customers the option to schedule orders within specific time windows instead of relying solely on instant delivery. The pilot rollout is currently live in Delhi and Bengaluru, marking Zepto’s first move into planned delivery scheduling. How Zepto’s Slotted Delivery WorksUnlike traditional qcom delivery which focuses on fulfilling orders in 10–20 minutes Zepto’s new feature lets users place an order in the morning and choose a preferred delivery window later the same day. Customers also have the flexibility to cancel the order up to 30 minutes before…
Enterprise software startup CoreOps.AI has raised $3.5 million in a pre-Series A round led by Siana Capital Management, with participation from Kettlebrough, Aroa Venture Partners, and several individual investors. The funding marks a strong vote of confidence in the company’s AI-first approach to digital transformation for large enterprises. Transforming Legacy Systems Through AIFounded in 2024 by Rajesh Janey, Ankur Sharma, Rajnish Gupta, and Rajiv Srivastava, CoreOps.AI builds a platform that helps enterprises modernise legacy software, consolidate fragmented data systems, and automate operations at scale. The platform currently supports over 20 enterprise use cases across manufacturing, financial services, retail, and healthcare…
The Forbes Under-30 United States 2026 list has been released, showcasing a remarkable number of Indian-origin entrepreneurs, researchers, and innovators shaping the future of global technology, finance, healthcare, and venture capital. According to Forbes, the 2026 cohort has collectively raised $3.8 billion in funding, with an average age of 27 years making this one of the youngest and most impactful lineups yet. The list also reflects the growing global influence of Indian-origin talent across sectors such as Artificial Intelligence, Venture Capital, Aerospace, Science, and Education. Below is the complete category-wise list of Indian-origin achievers on the Forbes Under-30 2026 list.…