Wakefit, the Bengaluru-based home and sleep solutions brand, has officially filed its Red Herring Prospectus (RHP) dated November 30, setting the stage for its maiden public offering. The company aims to raise ₹377.2 crore through a fresh issue, alongside an Offer for Sale (OFS) of 4.68 crore equity shares from existing shareholders. IPO Structure and TimelineThe public issue will open for subscription on December 5 and close on December 8, 2025, with anchor bidding scheduled for December 5. Compared to its earlier DRHP, Wakefit has reduced the offer size the initial plan proposed a ₹468 crore fresh issue and an…
Author: Aman Atulya
Unified Payments Interface continued its high-volume run in November 2025, recording 20.47 billion transactions, marginally lower than October’s 20.70 billion, according to new data from NPCI. Despite the slight dip, UPI maintained strong momentum with 32% year-on-year growth, reflecting India’s deepening shift toward digital-first payments. A Stable High-Traffic MonthThis is the third time UPI has crossed the 20-billion mark in a single month earlier achieved in August and October 2025. The marginal decline was expected after the festival-driven surge in October, which historically boosts retail, e-commerce, and P2M transactions. In value terms, UPI processed ₹26.32 lakh crore in November, compared…
Iztri, a Bengaluru-based clothing-care startup, has secured Rs 1.5 crore ($180K) in a pre-seed round from AJVC, led by Aviral Bhatnagar. The investment signals strong confidence in the formalisation of India’s daily clothing-care market, a category still dominated by informal neighbourhood operators despite high urban demand. Scaling Bengaluru OperationsWith the fresh capital, Iztri plans to deepen its presence across Bengaluru. The startup will enhance its technology stack by improving workflow automation, customer experience layers, and operational tracking systems. Strengthening supply chain networks, building processing hubs, and expanding service coverage will be key priorities as the company scales. Product and Platform…
Prodyt, a product by Advanssian LLP, is emerging as one of India’s most focused solutions for the long-ignored post-sale ecosystem. Built by Amazon-experienced engineer Jyoti Goel, the platform addresses a challenge millions face daily: managing products, warranties, bills and service requests without losing time or clarity. The idea didn’t start in a boardroom it began in her home. A Founder’s Journey Shaped by Resilience Born in Jhansi, Jyoti’s ambitions carried her far beyond expectations. She moved to Delhi for engineering, interned with Samsung in South Korea, briefly joined a government role in Jabalpur, and returned to the private sector despite…
GreenSole Foundation originated from a simple observation by two athletes, Shriyans Bhandari and Ramesh Dhami. As long-distance runners, they replaced multiple pairs of shoes every year. The uppers would tear, yet the soles remained intact even after hundreds of kilometres. In 2013, this prompted a transformative question: Can these soles be reused instead of discarded?This insight laid the foundation for GreenSole, today a pioneering force in India’s circular economy movement. Mission, Vision and the Three-Fold Impact GreenSole’s mission is to upcycle discarded footwear and clothing into durable products—primarily slippers—and donate them to underserved communities. Their approach creates three-fold impact:• Social:…
Singapore sovereign wealth fund Temasek has appointed veteran banker Piyush Gupta as Chairman, Temasek India, strengthening its leadership presence in one of its fastest-growing markets. Gupta joins in a non-executive, advisory capacity effective December 1. Appointment Snapshot Gupta will work closely with Ravi Lambah, Head of Strategic Initiatives and India, to sharpen Temasek’s India investment strategy, support portfolio companies, and deepen institutional relationships across government and industry. His mandate includes advising on new investment opportunities, helping Temasek-backed companies scale in India, and expanding the fund’s engagement with India’s policy and business ecosystem. Background & Expertise Gupta served as CEO of…
VentureSoul Partners, a SEBI-registered Category II Alternative Investment Fund (AIF) specialising in structured credit for new-economy companies, has achieved the Rs 300 crore base fund target for its maiden fund. The firm has now activated its green-shoe option, continuing to accept new subscriptions until February 2026, the planned final close. Strong Investor Participation Drives Early Momentum Since its launch in October 2024, VentureSoul has completed 15 investments across high-growth new-economy companies. The fund has seen increasing participation from domestic family offices, HNIs and institutional investors, signalling growing interest in structured credit as an alternative to equity-heavy fundraising. VentureSoul’s investment strategy…
Distribution and supply-chain platform Ripplr has raised $45 million in its Series C funding round, backed by the State Bank of India (SBI) along with participation from existing investors including 3one4 Capital, Zephyr Peacock and Sojitz Corporation. The development was disclosed through a blog post by 3one4 Capital, with the company yet to officially announce the round. Fresh Capital to Strengthen Distribution Infrastructure According to earlier reports, around $30–32 million of the total will flow in as primary capital, while another $10 million is likely to be raised through a secondary sale, allowing early shareholders partial exits. Prior to this…
Candi Solar, a clean-energy platform focused on distributed solar for commercial and industrial (C&I) consumers, has raised $58.5 million in debt financing from the International Finance Corporation (IFC). The funding marks one of the largest debt infusions into C&I solar in recent months and follows the company’s $24 million Series C round completed in July 2025. Scaling Distributed Solar Across India and South Africa The new capital will help Candi Solar expand its contracted portfolio beyond 400 MWp across India and South Africa. The company will also deepen its performance-linked products, including energy-storage solutions designed to support businesses facing rising…
Women-focused fast-fashion brand Newme has begun its Series B fundraise with Rs 108.66 crore (around $12 million), co-led by existing investors Accel India and Fireside Ventures, alongside new investor Point72 Ventures. The Bengaluru startup continues its aggressive growth trajectory as it scales across online and offline channels. Funding Structure and Valuation As per filings with the Registrar of Companies, Newme’s board approved the issuance of 3,447 Series B CCPS at Rs 3,15,231 per share. Accel and Fireside will each invest Rs 36.94 crore, while Point72 Ventures will contribute Rs 26.38 crore. Additional participation will come from AUM Ventures, 2am Ventures,…