Bengaluru, August 2025 — D2C jewellery brand BlueStone has trimmed its IPO size to ₹820 crore, down from the earlier target of ₹1,500 crore, according to its revised DRHP filed with SEBI. This strategic cut includes a 42% reduction in the Offer for Sale (OFS) portion by existing investors, while keeping the ₹550 crore fresh issue unchanged. The SoftBank-backed brand had initially filed for IPO in May 2024, targeting a much larger public market entry. Why the Size Shrink? As per filings, early investors including Kalaari Capital, Ratan Tata’s RNT Associates, and Saama Capital have reduced their offer sizes significantly,…
Author: Aman Atulya
London | August 2025 — In a move that marks a major milestone for Indian leadership in the global auto industry, PB Balaji has been appointed as the new CEO of Jaguar Land Rover (JLR). This is the first time an Indian executive will lead the iconic British luxury automaker, now a subsidiary of Tata Motors. Balaji has spent over three decades in the automotive sector, with leadership stints across Mahindra & Mahindra, General Motors, and Aston Martin. Most recently, he served as the Group CFO of Tata Motors, where he played a central role in streamlining operations, managing global…
Gurugram/Mumbai | August 4, 2025 — TBO Tek, a global B2B travel distribution platform, reported operating revenue of ₹511 crore in Q1 FY26, up 22% year‑on‑year from ₹418 crore in Q1 FY25. However, net profit remained flat rising only 3.4% to ₹63 crore. What the Numbers Reveal Why Growth Didn’t Translate to Profit While scale is healthy, rising customer acquisition and service costs diluted bottom-line acceleration. Investors reacted as expected: flat profits after strong topline-triggered a minor sell-off on the stock exchange. Founder-Focused Insights Takeaway TBO Tek’s Q1 performance illustrates a common founder paradox: top-line growth without bottom-line leverage. Travel…
Hyderabad | August 5, 2025 — Jeh Aerospace, a hybrid India–US startup combining advanced software intelligence with high precision aerospace manufacturing, has secured $11 million in Series A funding led by Elevation Capital, joined by General Catalyst and strategic investor IndiGo Ventures. Founded by industry veterans Vishal R. Sanghavi and Venkatesh Mudragalla, Jeh Aerospace has grown from a seed team of five to over 100 engineers in just 18 months, delivered more than 100,000 flight-critical components, and secured over $100 million in contracts with Tier‑1 and Tier‑2 aerospace suppliers. A New Playbook: Software‑Defined Aerospace Manufacturing At the heart of Jeh’s…
Thoothukudi, Tamil Nadu | August 2025 — Vietnamese EV company VinFast has launched its first overseas manufacturing facility in India, marking a pivotal step in its global expansion. The 400-acre plant in Thoothukudi began operations with a $500 million initial investment, tied to a broader ₹16,000 crore ($2 billion) commitment to India over five years. The facility is expected to generate up to 3,500 direct jobs, and scale assembly from an initial 50,000 vehicles per year to 150,000. From Import Kits to Local Manufacturing Initially assembling the VF 6 and VF 7 electric SUVs via CKD kits, VinFast plans to…
New Delhi | August 4, 2025 — Evo11ve, an educational technology startup Founded by Swapna Reddy, has unveiled its new AI Coach portal, designed to improve academic outcomes for CBSE students across India. This tool combines adaptive learning, performance tracking, and personalized intervention using AI-powered diagnostics. Transforming Test Prep into a Personalized Experience With over 80 million students enrolled in India’s CBSE system, conventional classroom instruction often misses individual gaps. Evo11ve’s AI Coach identifies academic weaknesses through periodic assessments, then assigns curated micro-lessons, revision pods, and instant feedback—helping students stay focused and motivated across core subjects. Early adopters have shown…
Bengaluru | August 4, 2025 — Mitigata, founded in 2021 by Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik, has raised $5.9 million in Series A funding led by Nexus Venture Partners, with participation from Titan Capital and WEH Ventures. A Unified Vision for Cybersecurity + Insurance As India’s first IRDAI‑registered cyber insurance broker, Mitigata brings together risk detection, compliance, mitigation, and insurance in one AI-powered solution. It operates a full-stack cyber resilience platform that includes threat alerts, dark-web monitoring, phishing detection, and automated underwriting. Today, Mitigata serves 500+ enterprises across 25 sectors, delivering insights and protection via unified dashboards.…
Bengaluru | August 2025 — Amid a slowing global tech sector, Capgemini India is charting a bold course by announcing plans to recruit 40,000–45,000 employees across India in 2025. The initiative aligns with the company’s strategy to position itself as a hub for AI-powered talent and innovation delivery. Approximately 35–40% of these hires will be lateral entrants, signaling a strong push for experienced professionals. With a current workforce of about 175,000 in India, Capgemini plans to draw talent from partners across 50+ college campuses, ensuring balanced intake of fresh graduates and industry veterans. New employees will undergo early and comprehensive…
India’s AI boom is finally building defensible startups not just demos. These 10 ventures are combining language, infrastructure, and industry depth to scale real impact. 1. Sarvam AI Backed by: Lightspeed, Peak XVTrains large language models (LLMs) in Indic languages for enterprises and governance. Sarvam is India’s most promising OpenAI alternative, tuned for Bharat’s linguistic depth and regulatory needs. 2. Krutrim Founder: Bhavish AggarwalKrutrim is building India’s full-stack AI ecosystem from its own LLM to custom-built AI hardware. Backed by Ola’s scale and vision, it aims to democratize native computing for the masses. 3. Bhindi AI Funding: $4M seed led…
Gurugram, August 2, 2025 — PB Fintech, the parent company of insurance aggregator PolicyBazaar and credit platform PaisaBazaar, reported a 33% year-on-year jump in consolidated revenue to ₹1,348 crore in Q1 FY26. However, the company posted a net loss of ₹12.2 crore, marginally wider than the ₹11.1 crore loss in Q1 FY25. While profitability remains elusive, the company’s operating metrics suggest strong platform adoption. The total insurance premium facilitated during the quarter rose 43% to ₹4,380 crore. PaisaBazaar, the digital credit arm, disbursed ₹3,210 crore in loans, a 47% increase from the same period last year. PB Fintech continues to…