Mirae Asset Venture India, the private investing arm of South Korea’s Mirae Asset Financial Group, has appointed Puneet Kumar as its chief executive officer. Kumar succeeds Ashish Dave, who exited the firm in mid-2025. In his new role, Kumar will lead Mirae Asset’s venture capital and private investing platform in India. The firm said he will focus on refining investment strategy, strengthening collaboration with Mirae Asset’s global venture teams, and deepening engagement with founders and co-investors in the Indian market. Mirae Asset Venture India invests across sectors including technology platforms, consumer businesses, artificial intelligence and deep technology. Its India portfolio…
Author: Aman Atulya
Price Cuts Announced Across MarketsAdani Total Gas Ltd (ATGL), the city gas joint venture between the Adani Group and France’s TotalEnergies, has announced reductions in compressed natural gas (CNG) and domestic piped natural gas (PNG) prices across several regions. The company said prices have been cut by up to ₹4, offering relief to households and vehicle owners. Impact of PNGRB Tariff ReformThe price revision follows a major reform by the Petroleum and Natural Gas Regulatory Board (PNGRB), which rationalised gas transportation tariffs. Effective January 1, 2026, the regulator reduced the number of transportation zones from three to two and introduced…
Board Approval and Deal StructureDelhi NCR-based meat delivery startup Zappfresh has approved the acquisition of a 51 percent stake in Avyom Foodtech Private Limited through a capital infusion of ₹7.5 crore via private placement. The transaction is expected to be completed within a period of three to nine months, subject to customary conditions. Strategic RationaleZappfresh said the acquisition will enable its entry into the ready food solutions segment, including ready-to-eat and ready-to-cook categories. The move also supports the company’s plans to expand into overseas export markets, adding a new growth lever beyond its core fresh meat delivery business. Capital Deployment…
Senior Management Exit DisclosedOla Electric Mobility has disclosed the resignation of Vishal Chaturvedi, Business Head for cell operations and a designated senior management personnel. In a regulatory filing to stock exchanges, the Bhavish Aggarwal-led electric vehicle maker said Chaturvedi stepped down with effect from the close of business hours on December 31, 2025. Regulatory Filing and ComplianceThe disclosure was made under the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015, along with a November 2024 SEBI circular governing senior management disclosures. Ola Electric also attached a copy of Chaturvedi’s resignation letter to the filing. Reason…
Record-Breaking New Year’s EveFood delivery and quick commerce platforms Zomato and Blinkit delivered more than 75 lakh orders on New Year’s Eve, marking the highest single-day order volume ever recorded by the platforms. The milestone was achieved despite calls for a nationwide strike by sections of gig worker unions. Operations Remain UnaffectedIn a post on X, Deepinder Goyal, founder and chief executive officer of Eternal, which owns Zomato and Blinkit, said operations were not disrupted by the strike calls that had circulated in the days leading up to December 31. He added that support from local law enforcement agencies helped…
Funding AnnouncementAgritech firm Arya.ag has raised ₹725 crore, or about $80.3 million, in a Series D funding round led by GEF Capital Partners. The investment follows earlier reports indicating that GEF Capital was in advanced discussions to lead a large round in the company. Recent Capital RaisesOver the past year, Arya.ag has closed multiple fundraises. In July 2025, the company raised $29 million in an equity round. Separately, its agri-commerce arm, Aryatech, secured a $19.8 million commitment from the US International Development Finance Corporation to guarantee a debt facility, strengthening its access to structured financing. Use of ProceedsThe company said…
Debt Funding DetailsMeat and seafood delivery startup FreshToHome is raising ₹75 crore, or about $8.5 million, through a debt funding round led by Trifecta Venture. According to filings sourced from the Registrar of Companies, the company’s board has approved the issuance of 750 non-convertible debentures at a face value of ₹10 lakh each to Trifecta Venture. Use of ProceedsFreshToHome said the funds raised through the NCD issuance will be used to meet working capital requirements and for general corporate purposes. The debt infusion comes at a time when consumer internet startups are increasingly turning to structured debt to support operations…
Historic Leadership Transition at HMILHyundai Motor India Ltd (HMIL) announced that Tarun Garg has officially assumed charge as Managing Director and Chief Executive Officer, effective January 1, 2026, marking the first time an Indian national has led the company since its inception nearly 30 years ago. The change reflects Hyundai Motor Group’s confidence in India’s strategic importance within its global operations. Succession and Strategic LeadershipGarg succeeds Unsoo Kim, who is returning to a strategic role at the South Korean parent, Hyundai Motor Company (HMC). HMIL highlighted that the leadership transition is part of a planned succession, intended to guide the…
Banking infrastructure startup Knight FinTech has raised $23.6 million in a funding round led by Accel, with participation from IIFL and Rocket Capital. Existing investors Prime Venture Partners, 3One4 Capital, Commerce VC and Trifecta Capital also participated. With this round, Knight FinTech’s total funding has reached $30 million. Use of CapitalThe company said the fresh capital will be used to strengthen its product capabilities and fund international expansion. Knight FinTech plans to enter new markets across the Asia Pacific region and the Gulf, as it looks to scale its banking infrastructure offerings beyond India. Founders and Company BackgroundKnight FinTech was…
First Full Year of OperationsFashion ecommerce marketplace Culture Circle reported a sharp increase in revenue in FY25, marking its first full year of operations after launching in January 2024. The Delhi NCR–based startup recorded operating revenue of ₹3.4 crore during the year, compared with ₹31.4 lakh in FY24. Including other income of ₹45 lakh, total income stood at ₹3.8 crore. Revenue Growth and Scale-Up PhaseIncorporated in September 2023, FY25 was Culture Circle’s first complete operating year. The nearly tenfold jump in topline reflects rapid scaling of its marketplace model and growing traction among buyers and sellers in the premium fashion…