Mumbai, July 2025: Mumbai-based developer Shobhit J. Rajan is once again at the centre of controversy, with his flagship firm Ecstasy Realty Private Limited accused of fraudulently diverting nearly INR 600 crore raised from investors for its high-profile ‘Parthenon’ residential project in Andheri. Investigations by the Economic Offences Wing (EOW)
Infosys encourages its staff to have a healthy work-life balance. According to reports, the tech giant has launched an internal campaign where HR is monitoring how much time employees spend working in the office and reminding them to adhere to regular working hours, particularly when working remotely. Employees whose registered
Here’s a quick look at the top startup funding deals and key business updates from across India and the global tech world. From fresh investments to IPO filings and major policy shifts, we bring you everything important that happened today. Daily Indian Startup Funding Digest - 1 July 2025
The Securities and Exchange Board of India (SEBI) has received the draft red herring prospectus (DRHP) from logistics giant Shadowfax for an IPO via private pre-filing process. This public announcement is being made in accordance with Regulation 59C(5) of the SEBI ICDR Regulations to notify the public that the
In order to earn INR 1,200 crore through an initial public offering (IPO), Hero Motors has resubmitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), the market regulator. For both electric and non-electric powertrains, Hero Motors offers a broad range of solutions,
The Delhi Income Tax Department has issued a penalty order of INR 1.32 crore to the logistics startup Delhivery. According to the company's exchange filing, the Assessing Officer of Central Circle 18, Delhi, issued the penalty notice to it on June 28. The ruling relates to specific
National, 01 July, 2025: Swiggy Limited (NSE: SWIGGY/BSE: 544285), India’s leading on-demand convenience platform, today announced the launch of affordable range of offerings on its app- the “99 Store,”- aimed at making everyday meals more affordable and accessible. Swiggy has led from the front with this disruptive
Transactions using the Unified Payments Interface (UPI) fell slightly to 18.40 billion in June from an all-time high of 18.68 billion the month before. Compared to the previous year, the number of transactions increased by 32%. Compared to the 17.89 billion transactions that were reported in April,
Bengaluru, July 1, 2025 – Bambrew, the Bengaluru-based meta-material innovation company specializing in sustainable packaging solutions, has raised ₹90 crore (~USD 10.3 million) round led by Mr. Ashok Goel, former Managing Director of Essel Propack along with Japanese venture capital firm ENRISSION INDIA CAPITAL. This investment marks a defining milestone
In a significant crackdown on fraudulent market consultants and investment gurus, or "furus", Meta has required advertiser authentication for all securities and investment-related advertisements that target Indian consumers beginning on July 31. All advertisers running investment ads in India, including international campaigns targeting Indian audiences, must confirm the
Pune & New Delhi, Tuesday, 1st July 2025: Astrophel Aerospace, a Pune-based deep-tech space startup, has raised INR 6.84 Crore (USD 800,000) in a pre-seed funding round led by a consortium of individuals and angel venture firms. The funds will be deployed to develop a reusable semi-cryogenic launch
According to various media reports, OpenAI is planning a rare company-wide downtime for next week to allow workers to rest following months of demanding 80-hour workweeks. The interim closure occurs as the ChatGPT creator struggles to hold onto top staff in the face of significant recruitment offers from Meta, totalling
Jaipur-based Garaaz has raised ₹4.55 Cr in a seed round led by GVFL. Funds will aid expansion, tech innovation, and team building. Growing 3X in two years, Garaaz aims to organise India’s fragmented auto spare parts market through a trusted, digital ecosystem powered by AI and seamless logistics.
Indian startups raised fresh funding across various sectors on 30 June 2025. From large growth rounds to early-stage deals, the day saw strong investor interest in infra-tech, agri-tech, AI, and more. Here’s a quick look at the companies that secured funding. Daily Indian Startup Funding Digest - 30 June
Genpact has informed a media house that the company observes a 9-hour workday, not a 10-hour one as previously suggested, in response to internet criticism of claims of a 10-hour workweek. However, Genpact refused to provide more information about the policy and did not reply to any further media queries.
With the acquisition of Mumbai-based Meemee's Ice Creams, Walko Food Company—owner of well-known ice cream brands like NIC Ice Creams, Grameen Kulfi, and Mimo Ice Creams—marked a calculated entry into India's artisanal dessert market. The business did not, however, provide the deal's
According to a media report, US satellite companies Starlink and Amazon Kuiper have inked their first commercial agreements with VSAT providers in India. This step marks a significant step towards the establishment of government and business satellite broadband services before satellite spectrum is formally allotted. Through these collaborations, the low-Earth
Eggoz has raised $20 million in a Series C round led by Gaja Capital, with support from IvyCap, Rebright, and others. Founded in 2017, Eggoz offers hygienic, traceable eggs and high-protein snacks. The funds will fuel expansion, tech upgrades, and growth in India’s egg market.
* First-time entrepreneurs at the forefront: 78% of borrowers; 61% are first time borrowers. * Women-led ventures surge to 74%, Single owners who are female are 9% * INR 642 Cr disbursed to 3,369 green-sector MSMEs; 42% of borrowers invested in ESG initiatives * Aligned with 11 UN Sustainable Development Goals, embedding ESG
Zomato co-founder Deepinder Goyal is aiming for the aviation sector in a daring move that might revolutionise regional air travel in India. Surobhi Das, co-founder of LAT Aerospace, disclosed in a LinkedIn post that the two have been discreetly developing a game-changing aviation firm that seeks to provide high-frequency, reasonably
Curefoods India, a cloud kitchen startup based in Bengaluru and supported by Accel India, Iron Pillar, Alteria Capital Fund, and Binny Bansal, has submitted draft documents to SEBI in order to raise money through an IPO. The IPO will include an offer-for-sale of 4.85 crore equity shares by current
According to an exchange filing, Gujarat-based pharmaceutical mammoth Torrent Pharma declared on June 29, 2025, that it has finalised deals with international investment titan KKR to purchase a majority share in JB Chemicals. According to the possible purchase details, the company intends to buy J. B. Chemicals and Pharmaceuticals (JB
Infra.Market has secured $150 million in financing from MARS Growth Capital, backed by Liquidity and MUFG. The deal includes a $100 million extension for five years and an extra $50 million. This marks Infra.Market’s second major fundraise in 2025.