Carpediem Capital has fully exited Flipspaces, delivering 9× returns and ~40% IRR, valuing the firm at about USD 120 million. The exit came via a secondary sale during Flipspaces’ USD 50 million Series C round.
* Hyderabad (82%), Bengaluru (79%), and Pune (79%) lead the top-city rankings, while Visakhapatnam (76%), Nagpur (71%), and Chandigarh (68%) dominate beyond metros. • Ahmedabad (60%), Kolkata (55%), Jamshedpur (54%), Madurai (52%), and Rajkot (48%) show comparatively lower levels of digital adoption, highlighting the diversity in payment behaviours across cities * Everyday categories
Edtech unicorn PhysicsWallah (PW) is ramping up its offline presence in India and select overseas markets, as it prepares to hit the capital markets with a fresh equity issue of ₹3,100 crore and an offer for sale (OFS) of ₹720 crore. As of March 31, 2025, the company operated
IPO Subscription Opens on 30th September and Closes on 3rd October Zelio E-Mobility, a rapidly expanding electric two and three-wheeler manufacturer that has been doubling its growth year-over-year, today announced its ₹78 crore SME IPO - a move that signals not just expansion, but a bold declaration of intent in
India’s startup ecosystem saw major activity on 24th September 2025. Gullak raised $7.5 Mn, Oolka $7 Mn, Good Capital launched a $30 Mn AI-focused fund, Xbattery secured $2.3 Mn, and P-Tal raised $3 Mn. In corporate news, Paytm Money partnered with JioBlackRock to launch an AI-driven equity
Xbattery, a Hyderabad-based deep-tech startup developing next-generation Battery Management Systems (BMS), has raised $2.3 million in its Seed funding led by Bipin Patel Family Office with participation from Jhaveri Credits. The funding will support R&D, hardware sourcing, talent hiring, and scaling prototypes for early orders and commercialisation.
India’s startup ecosystem saw significant activity on 23rd September 2025, with Rocket, Zealthix, and other startups raising notable funding rounds. Key business updates include NPCI introducing EMI options on UPI, JioBlackRock launching its Flexi Cap Fund, and the rollout of Perplexity Comet AI Browser in India. Daily Indian Funding
BlackSoil Capital, the Non-Banking Financial Company of BlackSoil Group, has raised ₹210 crore in debt in the first half of 2025 (Jan to Jun). The fundraise highlights BlackSoil’s expanding role as a trusted alternative credit partner for India’s SMEs and high-growth businesses. Despite the ongoing NBFC crisis and
By leveraging BlackRock’s SAE approach, the fund will aim to deliver long-term capital appreciation while adapting to market dynamics Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), a 50:50 JV between Jio Financial Services Limited (JFSL) and BlackRock*, announced today the launch of its latest equity offering:
Perplexity has rolled out its Comet AI browser in India for Pro users on Windows and Mac. The Chromium-based browser features an AI assistant for summaries, workspaces, and automation, marking a key step in India’s AI-driven browsing market.
India’s startup ecosystem on 22th September 2025 saw fresh funding rounds, new fund launches, and key corporate updates. Major highlights include OnFinance AI’s $4.2 Mn raise, SpaceFields’ $5 Mn pre-Series A, and Tesla Power’s INR 25 Cr pre-IPO round. On the business side, Jio Payments Bank
Zelio E-Mobility Ltd., a rapidly growing electric two- and three-wheeler manufacturer, has received approval from SEBI for its SME IPO to raise INR 78 crore and has already received the DRHP approval. The IPO may go live at the end of this month. Founded in 2021, Zelio has built a
India’s startup and business ecosystem on 19th September 2025 witnessed notable developments across funding and corporate news. Aerospace startup SpaceFields and climate-tech venture Equilibrium announced fresh capital infusions, while in the corporate sector, ITC Ltd confirmed passing GST benefits to consumers and reports emerged of Taj Hotels considering an
Airtel Payments Bank has introduced the Safe Second Account - a smarter, safer way to pay. It enables customers to keep their primary savings protected, while they freely use the Airtel Payments Bank savings account as their second account for everyday payment needs.
India’s startup and business ecosystem on 18th September 2025 saw a mix of significant funding rounds and key developments. From Wow! Momo’s $8.5 million Series D raise and Infra.Market’s INR 731.5 crore flat-valuation round to Groq’s massive $750 million funding, the day highlighted
BLYP, the hyper-local valet and smart parking platform, is proud to announce Rannvijay Singha as its official brand ambassador. Known for his charismatic persona, fearless attitude, and deep connection with the youth of India, Rannvijay perfectly embodies the spirit of BLYP, a brand built on trust, reliability, and smarter choice.
India’s startup and business ecosystem on 17th September 2025 witnessed notable funding activity across AI, fintech, consumer brands, and gaming, alongside major corporate developments. Key highlights include EvoluteIQ’s $53 million Series B led by Baird Capital, FinBox raising $40 million in a WestBridge-led round, and Urban Company’s
India’s startup and business ecosystem on 16th September 2025 was abuzz with significant developments across healthtech, fintech, consumer electronics, and enterprise IT. From PharmEasy’s INR 1,700 crore debt raise to Nothing’s $200 million Series C, and Mukesh Ambani’s plans to take Reliance Retail public, the
Indian Funding Roundup
India’s startup and business landscape on 15th September 2025 witnessed a blend of high-value funding deals, strategic acquisitions, and market-shaping developments. Edtech major Eruditus secured a massive $150 million refinancing round, while astrotech startup MyNaksh bagged INR 7.5 crore in pre-seed funding. Beyond the funding space, Swiggy unveiled
Muthoot Finance, India’s largest gold loan NBFC, has raised USD 600 million from the international bond market through an External Commercial Borrowing (ECB) issuance. The funds will be deployed for lending activities, enabling Muthoot Finance to provide additional credit to customers across India. The issuance attracted strong global participation,
Easy Home Finance Limited (“Easy”), a leading tech native housing finance company in India, has availed long-term financing through NCD issuance with Franklin Templeton Alternative Investments Fund, India (Franklin Templeton AIF). This marks a significant step forward in Easy’s mission to accelerate access to affordable housing finance for underserved
India’s startup and corporate ecosystem witnessed a dynamic mix of funding activity, strategic investments, and market-shaping developments on 12th September 2025. From D2C brands and EV battery circularity startups securing fresh capital to IFC’s major bet on India’s electric bus expansion, the day also saw Infosys announcing
* Survey conducted on 11,300 women in tech on Apna's platform; 86% of GenZ respondents and 74% from Tier-2/3 cities see AI as the great equaliser in tech careers. * 64% of women in tech said AI expertise matters more than a degree from a top college. * Nearly
Zupee is laying off 170 employees following India’s ban on real-money online games. The startup will provide financial and health support to affected staff while shifting focus to social games, ad-supported content, and subscriptions. This move mirrors wider industry changes due to new regulations.