Fintech startup Jupiter Money has raised $15 million (around ₹115 crore) in a fresh funding round backed by existing investors Mirae Asset Venture Investments, BeeNext, and 3one4 Capital. The company’s founder, Jitendra Gupta, also participated in the round through a personal investment. While Jupiter did not disclose its latest valuation, the startup was last valued at $710 million following its $86 million Series C round in December 2021. To date, it has raised over $160 million from notable investors such as QED Investors, Peak XV Partners, and Matrix Partners. Growth and Use of Funds According to the company, the newly…
Author: Aman Atulya
Global growth-equity firm General Atlantic (GA) has committed approximately $600 million to India’s fintech leader PhonePe, marking one of GA’s largest single-company bets in the country. The funding comes as PhonePe gears up for its upcoming domestic listing scheduled for 2026 and underscores strong investor confidence in the digital-payments and financial-services platform. The fresh capital is also among the largest private-equity infusions into the Indian fintech space during this cycle. Strategic Implications This investment strengthens GA’s backing of PhonePe’s strategic ambitions from deepening payments penetration across India to expanding into lending, insurance, wealth-tech and merchant solutions. GA’s decision to double-down…
E-commerce technology startup Point AI has raised $5.3 million (around Rs 44 crore) in a funding round led by Yali Capital, with participation from PeerCapital, Titan Capital, and other investors. The fresh capital will fuel the company’s mission to bring advanced AI capabilities to online retail and empower brands with smarter automation tools. Founded in 2023 by Ankit Agarwal, Saurabh Sharma, and Rohit Mishra, Point AI builds AI-driven solutions designed to help online retailers boost sales conversions, automate product recommendations, and enhance customer engagement. The platform integrates with major e-commerce systems to deliver actionable insights that improve return on ad…
Fintech startup SalarySe has secured $11.3 million in a new funding round led by Flourish Ventures and SIG Venture Capital, with continued participation from existing backers Peak XV Partners and Pravega Ventures. This latest infusion follows SalarySe’s $5.2 million (Rs 43.71 crore) seed round raised in January 2024, led by Surge Ventures and others. The funds will be used to strengthen the company’s technology infrastructure, accelerate product development, scale user acquisition, and expand its team to support rapid growth. Founded by Saumeet Nanda, Mohit Gorisariya, and Piyush Bagaria, SalarySe enables salaried professionals to better manage their finances through a unified…
Consumer electronics brand boAt has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), reducing its planned initial public offering (IPO) size from Rs 2,000 crore to Rs 1,500 crore. The revised issue includes a fresh equity share issue worth Rs 500 crore and an offer for sale (OFS) of Rs 1,000 crore by existing shareholders and co-founders. As per the filing, South Lake Investment Ltd (Warburg Pincus) will offload shares worth Rs 500 crore, while Fireside Ventures and Qualcomm Ventures will divest Rs 150 crore and Rs 50 crore worth of…
SBI Mutual Fund has invested Rs 100 crore in eyewear brand Lenskart through its SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF) in a secondary share transaction, just days before the company’s initial public offering (IPO) opens for subscription on October 31. The mutual fund purchased 2,487,561 equity shares from Neha Bansal, co-founder of Lenskart, at Rs 402 per share, representing a 0.15% stake on a fully diluted basis. The deal was executed on October 28, 2025. Separately, Neha Bansal sold 2.24 million shares (valued at Rs 90 crore) to Shrikanta R. Damani, wife of DMart founder Radhakishan…
New Delhi-based electric mobility startup Tsuyo Manufacturing has secured $4.5 million (₹37.5 crore) in funding led by Avaana Capital, aimed at accelerating its global expansion and manufacturing capabilities. Founded in 2020, Tsuyo specializes in designing and manufacturing core powertrain systems for electric vehicles, including motors and controllers used in three- and four-wheelers, trucks, buses, and off-road vehicles such as forklifts, mining dump trucks, and electric tractors. The company counts major automakers such as Mahindra, Volvo, Eicher, and Sonalika among its clients. The fresh capital will be directed towards establishing a greenfield manufacturing facility and a dedicated R&D centre to drive…
Mumbai-based home care brand Happi Planet has raised $2 million (₹18 crore) in a funding round led by Fireside Ventures and Prath Ventures, marking its first institutional investment. Founded in 2021, Happi Planet manufactures and markets eco-friendly home care products including laundry liquids, dishwashing liquids, floor cleaners, and surface cleaners. The company’s products are positioned as sustainable, toxin-free alternatives for urban consumers seeking conscious lifestyle choices. Before this round, Happi Planet was primarily self-funded, supported by internal capital and a few early-stage investors. The latest infusion will help the brand expand its product portfolio, enhance distribution networks, and strengthen its…
Started in 2000, Dharohar Folk Dance has grown into one of Udaipur’s most celebrated cultural experiences, completing 25 years this October. Conceived by Deepak Dixit, the daily evening show was among the first to introduce the concept of “evening tourism” in the city an idea that changed how travellers experienced Rajasthan. At the Heart of Bagore ki HaveliHosted every evening in the courtyard of Bagore ki Haveli the headquarters of the West Zone Cultural Centre the show brings together the vibrant dance and music traditions of Rajasthan. Each performance celebrates the diverse regional and ethnic expressions of the state, preserving…
Noida-based food solutions startup Fambo has raised ₹21.55 crore in a Series A funding round led by AgriSURE Fund, managed by NABVENTURES Limited, with additional participation from EV2 Ventures. This marks Fambo’s second fundraise in 2025, following a ₹21 crore round in January backed by EV2 Ventures and individual investors. The latest infusion will be directed toward regional expansion, product diversification, talent acquisition, and technology upgrades to strengthen operational efficiency and supply-chain resilience. Founded in 2022, Fambo provides fresh produce and semi-processed food products to the HoReCa (Hotel, Restaurant, and Café) sector. The startup currently serves over 1,000 clients across…