Hyderabad-based jewellery brand Goyaz has raised ₹130 crore ($14.6 million) in a Series A round led by global investor Norwest Venture Partners. This is the company’s first institutional funding. The capital will be used to expand retail presence across major Indian cities, enhance manufacturing capabilities, and strengthen its omnichannel experience. About Goyaz Founded in January 2023 by Priyanka Vemuluri, Goyaz specialises in gold-plated silver jewellery, particularly in bridal, festive, and contemporary designs. In less than two years, it has rapidly grown to 18 stores across multiple states, redefining the customer experience in the occasion jewellery segment. Craftsmanship and Consumer Offerings…
Author: Aman Atulya
In a strong signal of renewed commitment to India, Ford Motor Company will invest ₹3,250 crore to manufacture next-generation powertrains at its Maraimalai Nagar facility near Chennai. Production is expected to begin in 2029, with the plant being developed as a key export hub, targeting an annual capacity of 235,000 units. The investment follows a memorandum of understanding (MoU) signed between Ford executives and the Tamil Nadu government, building on a 2024 letter of intent. The agreement outlines Ford’s strategy to leverage India’s manufacturing capabilities to support its global operations, particularly in Southeast Asian markets. Chief Minister M.K. Stalin met…
Logistics and hyperlocal delivery unicorn Shadowfax has filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI), taking a major step toward its proposed ₹2,000 crore initial public offering (IPO). The public issue will include a fresh equity issue worth up to ₹1,000 crore and an offer-for-sale (OFS) component of ₹1,000 crore by existing shareholders. Key investors participating in the OFS include Flipkart (₹237 crore), Eight Roads Ventures (₹197 crore), TPG via NewQuest Asia Fund IV (₹150 crore), and Nokia Growth Partners (₹100.8 crore), among others. According to the UDRHP, Shadowfax plans to…
MapmyIndia has signed an agreement with the Delhi Metro Rail Corporation (DMRC) to integrate real-time metro information into its Mappls navigation app. The move will enable Mappls’ 3.5 crore users to access metro routes, train frequencies, fares, and station details directly within the platform. With DMRC’s API integration, commuters will now be able to view optimised routes with estimated travel time and locate nearby metro stations and public services. The app will also allow users to report civic issues such as traffic congestion, accidents, illegal parking, and waterlogging, which will be shared with relevant authorities for prompt action. This partnership…
Unified Payments Interface (UPI) achieved a new milestone in October 2025, processing 20.7 billion transactions, its highest-ever monthly volume, according to data from the National Payments Corporation of India (NPCI). This represents a 3.6% rise month-on-month, up from 19.63 billion transactions in September. In value terms, UPI clocked Rs 27.28 lakh crore in October, compared to Rs 24.9 lakh crore in the previous month a 9.5% increase. Year-on-year, transaction volumes surged 25%, while transaction value grew 16%, indicating the platform’s expanding adoption across urban and rural India. On average, UPI handled 668 million transactions daily, with a daily transaction value…
In a significant clarification following reports of mass job cuts, Amazon CEO Andy Jassy said the company’s recent reduction of around 14,000 corporate roles was driven by cultural and structural change, rather than emerging technologies like artificial intelligence (AI). Jassy told analysts that the decision was “not really financially driven, and it’s not even really AI-driven, not right now at least.” Instead, the focus is on aligning the workforce with Amazon’s evolving strategic priorities and removing layers of bureaucracy that slowed decision-making. Despite Amazon’s heavy investment in AI the company has built over 1,000 generative AI services and applications Jassy…
Mad Over Buildings (MOB), a fintech-enabled B2B e-commerce platform for building materials, has raised ₹6 crore in a seed funding round led by SIG Tattva, the venture capital arm of Somany Impresa Group. A Digital Leap for Construction Commerce Founded in 2021 by Kumar Vivek, MOB aims to transform India’s construction and interior material supply chain through a transparent, tech-driven marketplace. The startup integrates financial technology with commerce by offering a curated Line of Credit, an escrow-backed payment system, and a full-stack material catalogue, covering both civil and sustainable products. Addressing a Key Industry Gap India’s construction sector, dominated by…
Omni-channel eyewear major Lenskart Solutions Limited has secured ₹3,268.36 crore from 147 anchor investors ahead of its much-anticipated initial public offering (IPO). The company allotted 8.13 crore equity shares at the upper end of the price band ₹402 per share, reflecting strong investor confidence. Strong Institutional Participation Out of the total anchor allocation, 2.87 crore shares (35.34%) were subscribed by 21 domestic mutual funds through 59 schemes, signaling robust domestic interest. Prominent participants included SBI Mutual Fund, HDFC, ICICI Prudential, Kotak, Axis, and Aditya Birla Sun Life, alongside insurance majors such as SBI Life, HDFC Life, and ICICI Prudential Life.…
Fertility and IVF platform Pluro Fertility has raised ₹125 crore ($14 million) in a Series A funding round led by Bessemer Venture Partners, valuing the company at ₹1,000 crore ($112 million). The round also saw participation from prominent investors including Vikram Chatwal, Dharmil Sheth, Hardik Dedhia, Salil Musale, Shalibhadra Shah, Niket Shah, and Karan Kapur. Expansion and Use of Funds The newly raised capital will be used to expand operations across multiple Indian cities, enhance its technology platform for IVF specialists and patients, and strengthen clinical and non-clinical service delivery. Pluro aims to create a seamless fertility ecosystem by integrating…
In an industry dominated by noise, trends, and fleeting attention, one Indian brand has chosen silence as its loudest statement. Everything Black isn’t merely a label; it’s an emerging luxury empire reshaping how the world perceives Indian design. The Philosophy of Discipline Founded by Vikram Singh , Everything Black was built on a simple but powerful belief luxury is not in excess, it’s in restraint. Every line, silhouette, and texture in its collections reflects meticulous intention. Each drop is limited, crafted to feel like an heirloom rather than a product. The emblem two warriors riding a rearing horse symbolizes the…