Premium ice cream brand Hocco has raised Rs 115 crore (around $13 million) in a fresh round led by existing investor Sauce.vc, pushing its valuation to Rs 2,000 crore. This comes less than three months after Hocco secured $10 million in a Series B round from the Chona Family Office and Sauce.vc. The company had earlier raised $12 million in its Series A at a valuation of Rs 600 crore in June 2024. The new capital will be channelled into expanding manufacturing capacity, strengthening cold-chain and logistics, scaling product innovation, and extending its presence across India and select overseas markets.…
Author: Aman Atulya
Managed office space provider WeWork India is set to launch its Rs 3,000 crore (about $340 million) initial public offering (IPO) on October 3, 2025. The issue will close on October 7, with anchor investor bidding scheduled for October 1. According to its red herring prospectus, the IPO will be a complete offer for sale (OFS) of 4.63 crore shares, priced between Rs 615–648 per share. At the upper price band, the issue size is estimated at Rs 3,000 crore. Promoter Embassy Buildcon LLP will offload 3.54 crore shares worth about Rs 2,294 crore, while 1 Ariel Way Tenant, an…
Ayurveda wellness brand Kapiva has raised $60 million in its Series D round led by 360 ONE Asset and Vertex Growth, with continued backing from Vertex Ventures Southeast Asia and India, and 3one4 Capital. Early investor Fireside Ventures fully exited in this round, which also saw a $28 million primary infusion. Founded in 2015 by Ameve Sharma and Shrey Badhani, Kapiva has built a fast-growing portfolio of ayurvedic nutrition products across categories including diabetes, hypertension, liver health, hormonal balance, energy, and sports nutrition. Its products are sold online, via e-commerce platforms, and through a network of 40,000 offline retail stores…
Used car retailer Spinny has reported strong financial results for FY25, with significant revenue growth and improved cost efficiency, reflecting its push to consolidate leadership in India’s pre-owned car market. According to filings with the Registrar of Companies (RoC), Spinny’s revenue from operations rose 25% year-on-year to Rs 4,657 crore, up from Rs 3,730 crore in FY24. The bulk of this income came from used car sales, which contributed 97.7% (Rs 4,553 crore) of total operating revenue. Additional streams such as commissions, support services, and advertising made up the balance. The company also recorded Rs 89 crore in non-operating income,…
The Reserve Bank of India (RBI) has introduced the Authentication Mechanisms for Digital Payment Transactions Directions, 2025, a unified framework that will come into effect from April 1, 2026. The rules apply to all payment providers, including banks, card issuers, and fintech firms. Currently, digital transactions in India depend largely on SMS-based OTPs. The new framework expands the scope of authentication, allowing the use of biometrics, device-based tokens, and passphrases. Every transaction must involve at least two distinct authentication factors, with one being dynamic and unique to that transaction. A key emphasis is interoperability, ensuring that tokenisation and authentication services…
Tata Capital, the financial services arm of the Tata Group, has announced the launch of its Initial Public Offering (IPO), scheduled to open for subscription on October 6, 2025, and close on October 8, 2025. The company has filed its Red Herring Prospectus (RHP) with the Securities and Exchange Board of India (SEBI), confirming these dates. The IPO aims to raise between ₹16,500 crore and ₹17,500 crore, comprising a fresh issue of up to 210 million equity shares and an Offer for Sale (OFS) of up to 265.8 million equity shares by existing shareholders. The offering is expected to be…
Godrej Agrovet has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), under which the company will invest ₹960 crore to build a new manufacturing unit and R&D center. The agreement was announced during World Food India 2025, aligning with the government’s push for a resilient, innovation-led agri-food processing sector. Slated for completion by FY 2026-27, the project is expected to generate employment, support regional development, and strengthen skills in its operating region. Godrej Agrovet has emphasized that the upcoming facilities will not only upscale its production capacity but also focus on research and…
Quick medicine delivery startup Plazza has secured $1.4 million in a funding round led by All In Capital, as it looks to expand its presence in India’s fast-growing healthtech logistics sector. The round also saw participation from Better Capital, Abhishek Goyal (founder of Tracxn), Vivekananda Hallekere (co-founder of Bounce), the Singhania family office, and promoters of JK Tyre. Founded in 2024 by Aman Priyadarshi, former head of dining operations at Zomato, Plazza entered the market with a bold promise delivering medicines 24×7 at lightning speed. Launched in November last year, the platform has built a tightly integrated supply and logistics…
In a strategic move to strengthen industry–academia ties in India’s mobility sector, IIT Madras and Hero MotoCorp (HMCL) have signed a Memorandum of Understanding (MoU) to collaborate on research, education, and upskilling in areas including electric vehicle development, battery technology, AI, propulsion systems, and mobility solutions. The MoU was formalized in the presence of senior leadership teams: from Hero MotoCorp’s side—Vikram Kasbekar (Executive Director & Acting CEO/CTO), Anuj Dua, Jyoti Singh, Ananda Reddy, Rajat Kapoor, and Manish Singhal—and from IIT Madras—Director V. Kamakoti and Dean (Industrial Consultancy & Sponsored Research) Manu Santhanam. Key Focus Areas & Commitments Under the agreement,…
Automotive servicing startup GaadiMech.com has secured ₹1.5 crore in a pre-seed funding round led by AJVC, valuing the company at $2 million. The fresh capital will help the startup expand operations beyond its Rajasthan stronghold into new markets while enhancing product and service quality. Building India’s Pit-Stop Service Network Founded in 2020 by Surakshit Soni and Sarvesh Kabra, GaadiMech is streamlining India’s highly fragmented car servicing industry. The company operates a hybrid model with online booking and physical service hubs, offering express car care in 90 minutes, live tracking, transparent pricing, and the use of genuine spare parts. “Car care…