Edtech unicorn PhysicsWallah (PW) made a stronger-than-expected entry into the public markets on Tuesday, listing at ₹145 on the NSE, a 33% premium to its issue price of ₹109. On the BSE, the stock opened at ₹143 before gaining momentum, trading at ₹155.5 by 10:00 AM and delivering early listing gains to investors — a rare outcome for the Indian edtech sector. IPO Structure and Subscription Trends The ₹3,480 crore IPO featured a ₹3,100 crore fresh issue and a ₹380 crore offer for sale. The issue, priced between ₹103–109, saw 1.8× overall subscription, led by strong institutional demand. QIB participation…
Author: Aman Atulya
KPI Green Energy Ltd has signed contract agreements with state-owned SJVN Ltd to develop a 200 MW (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat. Valued at ₹696.50 crore (excluding GST), the project marks a significant expansion of KPI Green’s utility-scale solar footprint and strengthens its position as a dependable EPC partner for large renewable assets. Turnkey Role Across Supply, EPC, and O&M Under the agreement, KPI Green will take full responsibility for supplying all plant and equipment required for the project, adhering to SJVN’s approved specifications and quality standards. The scope includes erection, installation,…
Music licensing startup Hoopr has raised ₹4 crore in the first tranche of its Pre-Series A round led by Inflection Point Ventures (IPV), with participation from multiple family offices and existing investors. The company is in advanced talks to expand the round further. With this tranche, Hoopr’s post-money valuation rises to ₹160 crore, taking its total capital raised to ₹18 crore. Funding to Power Hoopr Smash and Global Expansion The new capital will be used to scale Hoopr Smash, the company’s intelligent discovery and licensing engine, while accelerating product innovation, hiring, and global market expansion. Hoopr Smash enables creators to…
UpGrad founder Ronnie Screwvala, whose early bet on Lenskart has delivered nearly 70× returns, is now shifting his investment focus toward India’s next generation of AI, deep-tech and space-tech founders. In a conversation with Moneycontrol, Screwvala said he is actively hunting for the “next Lenskarts” as frontier technologies become sunrise sectors for the next decade. A Strategic Pivot Toward AI, Deep Tech and Space Tech Screwvala argues that while consumer startups dominate public attention, transformative innovation is unfolding in AI-driven software, applied intelligence, and space-tech. He has already made six investments, including SpeakX, ZuAI, CuePilot AI, Round1 (Grapevine), and TrueFan…
SHRM India has unveiled a new research report titled “Driving Enterprise Productivity with Agentic AI”, developed in collaboration with Google Cloud and Quantiphi. The announcement was made at the SHRM India Annual Conference and Expo 2025 – The Festival of Work, held at the Taj Palace, marking the organisation’s 20-year milestone in India. Industry-Wide Insights from CHROs and HR Leaders The report draws on inputs from 58 HR leaders across 14 industries, supported by interviews with CHROs from 11 leading organisations, including Flipkart, Mahindra & Mahindra, and Larsen & Toubro. The study examines how Indian enterprises can effectively prepare for…
India’s construction sector is expanding rapidly, yet delays and equipment shortages continue to slow down critical infrastructure projects. Despite technological progress, execution has become slower and more fragmented. This contradiction is what led Army veteran Suryansh Gupta to launch Synfra, a platform designed to make construction equipment accessible, reliable, and transparent across India. From Army Leadership to Infra-Tech Vision After spending 20 years in the Indian Army building roads, bridges, and strategic infrastructure across mountains and deserts, Suryansh noticed a troubling pattern. Even as machines grew smarter, projects were taking longer. The real issue wasn’t a lack of equipment—it was…
Hospitality and managed accommodation startup Tribe Stays has raised $2.8 million (₹24 crore) in a seed round co-led by Artha Venture Fund and Riverwalk Holdings, marking one of the largest early-stage cheques in India’s premium long-stay living segment. The round also saw participation from Kunal Khanna, Krishna Jain, and multiple HNIs and family offices. Capital to Power Expansion Across Three Sub-Brands The fresh funds will support the expansion of Tribe Stays’ portfolio under its three sub-brands — Tribe Student Accommodation, Tribe Commune, and Tribe Suites. The company currently operates 650 beds in Pune and plans to add 1,000 new beds…
At a time when emotional fatigue is rising across India, a solo-built app is becoming an unexpected support system for thousands. Morbid was launched in February 2024 by a full-time software engineer Himanshu Thakur who noticed one persistent gap: India has apps for every convenience food, cabs, shopping but almost nothing for people who simply need someone to talk to during their lowest moments. What he couldn’t find for himself, he decided to build for others. What Morbid Offers Morbid enables users to talk to trained listeners over call, chat, or video on a per-minute basis. It is not a…
Realty and infrastructure company Anant Raj Ltd has announced a ₹4,500 crore investment to develop large-scale data centre facilities and an IT park in Andhra Pradesh. The investment will be executed through its subsidiary, Anant Raj Cloud Pvt Ltd (ARCPL), which has signed an MoU with the Andhra Pradesh Economic Development Board (APEDB). MoU to Build Data Centre–IT Park in Phased Expansion Under the agreement, ARCPL will build new data centre infrastructure in two phases, supported by APEDB for state-level coordination and project facilitation. While APEDB will extend regulatory and administrative support, the responsibility for execution and investment lies entirely…
Apple’s top global suppliers are rapidly scaling their India operations as the company accelerates its shift away from China, according to a report by The Economic Times. From fresh land acquisitions to trial production and early-stage exports, multiple vendors are deepening their local footprint across Tamil Nadu and Karnataka. TD Connex Prepares ₹200 Crore Expansion in Tamil Nadu Singapore-based TD Connex, which already runs a precision manufacturing unit in Oragadam, plans to invest ₹200 crore to expand capacity. The supplier is reportedly in the process of acquiring 20 acres to scale production of micro-precision components used in iPhone housings. Its…