Protouch has secured $2 million in a pre-Series A funding round led by GVFL, with participation from Ennission India Capital and Anicut Capital. The fresh capital has taken the company’s valuation to $10 million, signalling investor confidence in its technology-led beauty appliance model. Use of Funds The funds will be deployed to expand Protouch’s product lineup, invest in research and development and strengthen distribution across online and offline channels. The company also plans to establish its own manufacturing unit to enhance production capabilities and reduce dependency on imports. Brand Vision and Offerings Founded in 2022 by Tanisha Lakhani, Protouch specialises…
Author: Aman Atulya
Parking-tech startup Blyp has raised ₹50 lakh from entrepreneur Sandesh Sharda as part of its bridge round following the pre-Series A phase. The company, earlier known as ParkMate, gained national attention after being showcased on the Shark Tank India episode aired on November 2, where the founders outlined their vision for smarter parking. Transforming Urban Parking with Technology Founded in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp provides app-based parking and valet solutions for residential societies, commercial hubs, corporate spaces, and public areas. The platform enables users to book parking slots, request valet services, and pay digitally, reducing chaos…
TABP Snacks and Beverages has raised $3 million (₹26 crore) in a fresh funding round led by LC Nueva, with participation from Entrust Family Office, Arun Mukherjee, and Soumya Malani. The Chennai-based beverage startup plans to use this capital to expand distribution across South and East India, introduce new beverage formats, and increase manufacturing capacity. Turning Street Drinks into Scalable Brands Founded in 2018 by Prabhu Gandhikumar and Brindha Vijayakumar, TABP focuses on formalising India’s traditional beverage culture. The company transforms popular local street drinks into affordable, packaged alternatives, targeting lower and middle-income consumers who seek taste, hygiene, and accessibility.…
Digital investment platform Groww (operated by Billionbrains Garage Ventures Ltd) has secured approximately ₹2,984.5 crore from 102 anchor investors ahead of its initial public offering (IPO). The anchor allotment comprised 29.85 crore shares at ₹100 each, according to the company’s regulatory filing. Anchor Investor Details Major domestic mutual funds including HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, along with global institutions such as the Abu Dhabi Investment Authority, Government of Singapore, and Goldman Sachs, participated in the anchor round. Approximately 46.6% (or ₹1,389.8 crore) of the anchor allocation was earmarked for 17 domestic mutual fund schemes. IPO Structure…
Delhivery Ltd, India’s largest integrated logistics company, reported handling goods worth over ₹19,187 crore during the second phase of the festive season in October. The company processed more than 107 million e-commerce and freight shipments, marking one of the highest volumes recorded in the sector this season. Record-Breaking Deliveries Across India Delhivery achieved a single-day peak of 7.2 million shipments and saw 18,100 clients clock their highest daily orders. Deliveries spanned distances up to 4,085 km—from Thiruvananthapuram in Kerala to Tezu in Arunachal Pradesh. Operational efficiency remained strong, with 29.57 million shipments delivered within 48 hours and 13.59 million within…
Shiprocket, India’s leading logistics and supply chain technology platform, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). SEBI issued the observation letter on October 31, marking a crucial step towards the company’s public market debut. IPO Structure and Key Details Shiprocket plans to raise approximately ₹2,500 crore, comprising a fresh issue of ₹1,200–1,400 crore and the rest through an offer for sale (OFS). Early investors and founders will participate in the OFS, while major stakeholders such as Temasek, Zomato, and Info Edge have chosen not to sell their…
Indian data-centre operator CtrlS Datacenters has signed a memorandum of understanding (MoU) with NTPC Green Energy Ltd (NGEL) to jointly develop grid-connected renewable energy projects with a combined capacity of up to 2 gigawatts (GW) or more. The agreement was formalised by CtrlS Founder & CEO Sridhar Pinnapureddy and NGEL CEO Sarit Maheshwari. Scope of the Partnership Under the terms of the MoU, the two companies will collaborate on green-field development and potential acquisitions of renewable-energy assets for captive power supply to CtrlS. This arrangement will help fuel CtrlS’s data-centres and support other mutually agreed business ventures. The agreement is…
Noida-based fintech company Pine Labs Ltd., backed by global players such as Peak XV Partners, Mastercard Inc., PayPal Inc. and Temasek Holdings, has announced a trimmed down initial public offering (IPO) ahead of its early November listing. The company has reduced the issue size to ₹3,900 crore and set the price band at ₹210-₹221 per share. Under the revised structure, Pine Labs will raise around ₹2,080 crore via a fresh issue of equity shares, while existing investors will sell 8.23 crore shares in an offer-for-sale (OFS) worth approximately ₹1,820 crore. This is a sizable reduction compared with the earlier plan…
E-commerce enablement platform GoKwik has promoted Abhinav Midha to the position of Chief Business Officer (CBO). In his new role, Abhinav will lead overall business strategy, sales operations, and agency partnerships as the company aims to deepen its market presence and scale sustainably. Driving Growth and Operational ExcellenceSince joining GoKwik four years ago as Vice President of Sales, Abhinav has played a pivotal role in transforming the company into a 100% year-on-year revenue growth business while maintaining profitability. He built a scalable go-to-market strategy, streamlined coordination between sales, marketing, and product teams, and laid a strong foundation for GoKwik’s product-led…
Social gaming platform Zupee has acquired Nucanon, a Sydney-based startup known for its advanced AI-driven interactive storytelling technology. This strategic acquisition marks a pioneering collaboration between India and Australia in the digital entertainment space, combining Zupee’s expansive user network with Nucanon’s narrative AI capabilities. Redefining Digital Storytelling Nucanon’s proprietary world-building AI engine lies at the heart of this partnership. The technology enables creators to design branching storylines, responsive characters and AI-generated worlds that evolve based on user decisions. Unlike traditional scripted narratives, Nucanon’s system allows dynamic storytelling where characters retain memory, dialogues feel spontaneous and every user’s journey is unique.…