Daily Indian Funding Roundup & Key News – 3rd November 2025: Goyaz Raises INR 130 Cr, Pine Labs & Shadowfax File for IPOs, Lenskart Unveils AI Smart Glasses
India’s startup and tech ecosystem saw a mix of funding activity, IPO filings, and major product announcements today. From jewellery brand Goyaz securing fresh Series A capital to fintech major Pine Labs and logistics player Shadowfax gearing up for their IPOs, and Lenskart revealing plans for AI-powered smart glasses — here’s a quick roundup of the day’s top developments.
Daily Indian Funding Roundup - 3rd November 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Goyaz | INR 130 Cr | Series A | Norwest Venture Partners | Gold-plated silver jewellery |
Goyaz raises INR 130 Cr in Series A round led by Norwest Venture Partners
Gold-plated silver jewellery brand Goyaz has raised INR 130 crore in a Series A funding round led by Norwest Venture Partners, marking its first institutional investment. Founded in January 2023, Goyaz currently operates around 18 stores across India. The fresh capital will help the brand expand its retail footprint, enhance design and manufacturing capabilities, and strengthen omnichannel operations.
Key Business News for 3rd November 2025
Pine Labs IPO to Open on November 7
Fintech company Pine Labs is opening its IPO on 7 November 2025, targeting a fresh issue of INR 2,080 crore (with an offer for sale in addition) to raise funds primarily for debt repayment, IT & cloud infrastructure investment, technology development and expanding its international business (Malaysia, UAE, Singapore). During FY 2025, it handled 5.68 billion transactions with a gross transaction value of ~INR 11.42 lakh crore.
Lenskart to Launch AI-Powered Smart Glasses in December
Eyewear company Lenskart is preparing to introduce its first pair of AI-powered smart glasses by end of December 2025. Internally dubbed “B by Lenskart Smartglasses”, the wearable is expected to incorporate UPI payment capabilities, health & wellness tracking and AI-based interactions. The device is likely to use the Qualcomm Snapdragon AR1 Gen 1 platform, consistent with a previous partnership between Lenskart and Qualcomm.
Shadowfax Technologies Files for INR 2,000 Crore IPO
Logistics-tech company Shadowfax Technologies has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise up to INR 2,000 crore through an IPO (INR 1,000 crore fresh issue + INR 1,000 crore offer for sale). The funds will be used for expanding network infrastructure, leasing new first-mile and last-mile &-sort centres, branding/marketing, inorganic acquisitions and corporate purposes. As of 30 September 2025, the company’s service network covers 14,758 pin codes and it processed 436.36 million orders in FY 2025 (CAGR ~29.77% from FY 2023).
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