Startup valuations, funding-linked valuations, and down-round analysis.
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Aravind Sanka is the co-founder and CEO of Rapido, India's leading mobility platforms. Explore his education, career, entrepreneurial journey, Rapido's growth, 2026 valuation, business model, and the story behind his success.
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Zomato's business model has evolved beyond food delivery. Explore how Zomato makes money and how its parent company Eternal is building a broader consumer ecosystem in 2026.
Bharti Airtel Ltd. has overtaken HDFC Bank Ltd. to become India's second most valued listed company by market capitalisation on Monday, May 18, 2026, as the telecom major's shares climbed for a fourth consecutive session while the private lender remained under pressure over its chairman succession
Alakh Pandey has entered the global billionaire list in 2026, with an estimated net worth of $1 billion, according to Forbes. The milestone follows a series of clear financial developments, including a strong IPO debut and steady revenue growth at Physics Wallah. His wealth is largely tied to his equity
The ICICI Prudential Life Insurance joint venture between Prudential and ICICI Bank is looking to be wound down. The listed insurer is majority-owned by ICICI Bank (50.95% stake) and has a 21.93% stake from Prudential Corporation Holdings Ltd, an indirect wholly owned subsidiary of Prudential Plc of
Assiduus Global Inc., an AI-powered middleware infrastructure platform for global digital commerce, announced the close of its $25 million Pre-Series B funding round led by Bajaj Finserv, one of India’s largest and most diversified financial services groups. Since its previous round, the company has quadrupled revenue, tripled
Indian QSR chain Burger Singh has raised ₹82 crore in a Series B funding round, valuing the company at around ₹520 crore. The fresh capital comes at a time when the brand is scaling rapidly across India, especially through its franchise-led expansion strategy. The round saw participation from a
Cashfree Payments, a fintech unicorn, was fined INR 3.1 lakh by the Reserve Bank of India (RBI) for failing to adhere to payment aggregator (PA) and payment gateway (PG) regulations. The Reserve Bank of India (RBI) said in a statement that it had inspected Cashfree in accordance with its
The telecom subsidiary of Reliance Industries, Jio Platforms, is scheduled to submit the initial public offering (IPO) paperwork to the capital markets regulator in two or three weeks after finalising its draft red herring prospectus (DRHP). Jio will sell 2.5% of its shares in the initial public offering (IPO)
Gold and silver prices in India witnessed a decline at the market close on 16 March 2026, reflecting cautious investor sentiment amid global uncertainties. 24K gold was trading around ₹15,742 per gram (₹1.57 lakh per 10g), while 22K gold was priced at ₹14,430 per gram. Silver was
The Indian edtech landscape, once a fertile ground for billion-dollar valuations and breakneck growth, is undergoing a seismic shift. The recent announcement of upGrad's acquisition of Unacademy in an all-stock deal is the most significant consolidation event to date, marking a dramatic reset for a sector
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The Indian honey market is growing steadily as consumers increasingly prefer natural, organic, and health-focused products. The market was valued at around $449.8 million in 2024 and is projected to reach over $626 million by 2033, driven by rising awareness of wellness, sustainable farming, and beekeeping. At the
Boba Bhai, India’s largest omnichannel Bubble Tea and Korean street food brand, has raised ₹40 crore in a funding round led by existing investors 8i Ventures, Titan Capital Winners Fund and Global Growth Capital. The round also saw participation from new investors like BIG Capital and prominent angels. The
* Round also saw participation from Infynyte Club, Alok Soni, Yash Kotak, and a-IDEA NAARM * Funds raised to be strategically deployed for team expansion and market penetration, R&D, enhancement of Pashu.AI platform capabilities, and upgrading existing tech infra with Blockchain integration * The company has achieved 8X revenue
Depending on the outcome of the present volatile geopolitical climate, fintech giant PhonePe plans to launch its initial public offering (IPO) by next month. The public listing, which just includes an offer-for-sale component, is expected to garner between $900 million and $1.5 billion for the Bengaluru-based
Institutional deal worth ₹9.8 crore executed at ₹280 per share. Company valued at ₹716 crore by market capitalisation.
India’s fintech ecosystem is gearing up for another major public listing. Bengaluru-based fintech unicorn Moneyview has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company plans to raise INR 1,500 crore
After a fierce bidding war, Paramount Skydance defeated Netflix and announced on February 27 that it will purchase Warner Bros. Discovery. The merged firm will be valued at $110 billion. This deal finally puts an end to the five-month bidding war and establishes a new entertainment giant. This merger
Current and former workers of Anthropic will be able to sell stock at a valuation of roughly $350 billion through a secondary share sale that the company is initiating. To avoid going public, this is the next logical step in providing liquidity. An investment of $5 billion to $6 billion
Amazon has officially surpassed Walmart to become the world’s largest company by annual revenue, marking a major shift in global retail and technology leadership. The change follows Walmart’s latest full-year earnings announcement on 19 February 2026, which confirmed that its sales fell just short of Amazon’s
Artociti, India’s leading mass-premium luxury 3D wall art and manufacturing brand, has raised ₹1 crore for a 7.5% equity stake at a valuation of ₹13.33 crore on Shark Tank India. The funding comes from renowned investors Namita Thapar, Executive Director of Emcure Pharmaceuticals, and Vineeta Singh,
Fractal Analytics, one of India’s best-known artificial intelligence and advanced analytics companies, made a muted stock market debut on 16 February 2026, with its shares listing below the IPO price on the major exchanges. On the National Stock Exchange (NSE), shares opened at ₹876, reflecting a 2.67%
USV Pharma has entered a major deal to acquire a 79% stake in Wellbeing Nutrition, one of India’s fastest-growing direct-to-consumer (D2C) supplement brands. The all-cash transaction values the company at INR 1,583 crore and marks one of the largest exits in the health and
RailTel Corporation of India Limited, a Navratna public sector telecom and digital infrastructure provider, has secured a major contract from West Central Railway, boosting its share price. The order, valued at around INR 454.95 crore, was announced on 9 February 2026 and is expected to be completed by 24
Edtech company PhysicsWallah reported a strong set of financial results for the third quarter of FY26, showing solid growth in both revenue and profitability. The Noida-based education platform, which went public in November 2025, continues to strengthen its position in India’s competitive online and offline education market. For
Good Monk, the flagship brand of Superfoods Valley, is a Bengaluru based start-up, that is founded with a mission to make nutrition a daily habit by making it convenient, effective, and by seamlessly becoming a part of daily food without changing the taste of food. It has now raised
Marine Robotics start-up EyeROV (IROV Technologies Pvt. Ltd.) has raised Rs 13 crore in a pre-Series A round co-invested by AWE Funds and Unicorn India Ventures. Funds raised will be used to accelerate research and development, drive new product innovation, and support market expansion across India and
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India's online pharmacy market was valued at $3.71 billion in 2025 and is projected to reach $14.08 billion by 2034, growing at a CAGR of 15.98% from 2026 to 2034. Truemeds is an Indian e‑pharmacy and telehealth platform focused on making essential medicines affordable
Elon Musk is signalling a change of guard within his corporate empire with his intention to merge SpaceX with his money-burning artificial intelligence startup xAI. Musk owes a great deal of his fame and fortune to Tesla. However, after the merger on 2 February, SpaceX's reported private
Cava Athleisure, a fast-growing Indian everyday-wear brand built with a function-first approach, has raised INR 40 crore in its Series A funding round. The round was led by Sharrp Ventures, the consumer-focused investment firm, which invested INR 21 crore, with participation from V3 Ventures (founded by
In a major inflection point that could alter the country’s filmmaking technology and increase the market share of Indian production ventures on a global scale, TakeTwo, an AI-native film studio specialising in high-end visual storytelling, has announced that it has secured fresh capital at a Rs. 100
The Guild (formerly known as EtherealX), a space tech startup building the world’s first fully reusable medium-lift rocket, has secured a total of $20.5 million. The Guild received their Series A funding from TDK Ventures and BIG Capital, with participation from Accel, Prosus, Yournest, Campus Fund, BlueHill,
According to many media reports, market regulator Securities and Exchange Board of India (SEBI) approved UPI payments market leader PhonePe's initial public offering (IPO) on January 20. PhonePe hopes to generate about INR 12,000 crore (or $1.35 billion) through a pure OFS or offer for sale.
In a deal to be disclosed on January 20, private equity firm Everstone would sell its whole 11.26% ownership in Burger King's franchisee Restaurant Brands Asia in India and Indonesia. According to Refinitiv statistics, Everstone Capital's shareholding, through its investment vehicle QSR Asia Pte Ltd,
Vikram Chopra, CEO and cofounder of CARS24, stated that the company hopes to go public in the next six to twelve months amid the current startup IPO boom. In order to support its attempt to break into the $200 billion used car industry, Chopra emphasised notable improvements in the startup&
India’s startup ecosystem continued to see steady funding activity on 8th January 2026, with capital flowing across industrial AI, consumer brands, fintech, entertainment, and enterprise AI services. Industrial AI startup Spector.ai led the day with a INR 58 crore raise, while Nitro Commerce and &Done secured significant
Articul8 AI surpasses $500 million Valuation in Under Two Years; Strong Investor Demand Drives Final Strategic Tranche to close in Q1 2026.
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India’s HRTech sector is growing fast as companies shift to digital tools for hiring, payroll, employee engagement and workforce management. According to an IMARC Group report, in 2024, the Indian HR technology market was valued at around $1,120 million and is expected to reach nearly $2,300 million
As the digital powerhouse speeds up attempts to incorporate cutting-edge AI throughout its platforms, Meta announced on December 29 that it will buy Chinese-founded artificial intelligence firm Manus. The Singapore-based company is valued at between $2 billion and $3 billion, according to a report by Reuters, although
Varun Alagh, co-founder and promoter of Honasa Consumer Ltd, the parent company of Mamaearth and other personal care brands, has significantly increased his shareholding in the firm. This move, executed through a block deal on 29 December 2025, is seen as a strong vote of confidence in the company’
Even though the deal involves equity dilution that is still EPS-accretive for current Ambuja shareholders, Ambuja Cements' decision to combine ACC and Orient Cement into itself represents a structural reset of the Adani Group's cement empire, creating a single "one cement platform" with sharper
According to CNBC and Reuters, who cited people with knowledge of the situation, Amazon and OpenAI are negotiating a possible billion-dollar investment in the AI startup. Amazon may invest more than $10 billion in OpenAI in addition to a deal to use its AI processors, according to the two
Coinbase Global Inc.'s proposal to purchase a minority share in DCX Global Ltd., the company that controls the brand, technology, and intellectual property of cryptocurrency unicorn CoinDCX, has been accepted by the Competition Commission of India (CCI). Coinbase, a US-based company, has lately extended its operations to
Climate tech startup, Aurassure that delivers real-time, hyperlocal visibility into environmental risks for enterprises operating in increasingly volatile climates, has raised Rs 25 Crore in Pre-Series A led by Rainmatter by Zerodha and Unicorn India Ventures. The round also saw participation from Maithan Alloys Limited. The funds raised
Following predictions that his SpaceX firm was expected to go public at a valuation of $800 billion, Forbes reported on December 15 that Elon Musk became the first individual ever worth $600 billion. According to a Reuters article last week, Musk, who became the first person to reach $500 billion
SpinItUp, India's first interactive music commerce platform that lets club-goers pay to request their favorite songs during live DJ sets, today announced that it has secured INR 50 Lakh in pre-seed funding from Zee TV Ideabaaz Titans; Jimmy Mistry (Della Adventure Resorts), Anupam Bansal (Liberty Shoes)
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Meesho’s IPO created one of the largest liquidity events in India’s consumer internet space, turning early believers and founders into instant wealth creators. The e-commerce platform’s public listing not only rewarded institutional investors with substantial cash exits but also delivered extraordinary multiples for the founders and
The profits for the Meesho founders and early investors are as big as 10,000x, so who is getting how much? Learn more.
Agnikul Cosmos, India’s pioneering space-tech company building the world’s first single-piece 3D-printed rocket engines and end to end space transportation solutions, today announced that it has raised ~₹150 crore (US$17 million) in a fresh funding round at a $500 million valuation. The round saw
BlackBuck’s co-founder and CEO, Rajesh Kumar Naidu Yabaji, has sold a portion of his stake in the company in a bulk deal on Tuesday, signalling a significant promoter-level share movement at the logistics technology firm. Yabaji sold 20 lakh shares at ₹676.40 per share, amounting to
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The knowledge base software industry is expanding, with market revenue valued at $1.43 billion in 2024 and projected to reach $4.56 billion by 2033, at a CAGR of 14.2% from 2026 to 2033. Businesses today are looking for smarter ways to manage product documentation, SOPs, and internal
Event Planet Technologies, a global event and wedding aggregator platform founded in 2024, has raised $250,000 in angel funding from USA-based serial investor and NRI, Mr. Virendra Prasad, valuing the company at ₹30 crore. The investment will drive Event Planet’s next phase of growth as it expands
According to various media reports, CarTrade Tech is planning to buy CarDekho (Girnar Software Pvt. Ltd.) in a significant consolidation move in India's online car industry. The sale is in early stages and is anticipated to be structured as a cash-and-stock transaction, according to a report
Physics Wallah, an edtech unicorn, announced on 10 November that it has secured INR 1,563 crore from anchor investors, one day before its initial public offering (IPO) opened. This will be the nation's first significant pure-play edtech company to list on an initial public offering (IPO)
Physics Wallah Ltd., an education technology company supported by WestBridge, announced its IPO price range of INR 103–109 per share, propelling its founders, Alakh Pandey and Prateek Boob, into the billionaire ranks. The company's highest valuation is INR 31,170 crore. Pandey and Boob each own 105.
Oyo's parent company, PRISM (previously Oravel Stays), withdrew its intricate bonus share plan after investors questioned its peculiar eligibility requirements and structure. The strategy, which tied shareholder compensation to Oyo's IPO success and a time-bound election process, will now be replaced by a more straightforward
As part of its $754 million initial public offering (IPO), Indian broking Groww has sold shares valued at 29.85 billion rupees ($339.61 million) to anchor investors, including sovereign investors from Norway, Abu Dhabi, and Singapore. According to an exchange filing made late on November 3, shares of Groww&
On 31 October, Hindustan Unilever disclosed that company has received a sizable tax notice totalling INR 1986 crore. The UK-based company's Indian division claimed that the Income Tax Department had questioned certain of its tax-related depreciation claims and contested the valuation of several related-party transactions.
The competition for food delivery in India is intensifying once again, and the results of this quarter highlight the disparity more than before. Rival Zomato (Eternal) is booming with record revenues, while Swiggy continues to report growing losses despite robust revenue growth. Fast commerce platform and food delivery On October
According to an article published by Reuters, OpenAI is preparing for what may be one of the largest initial public offerings in history, which could value the business at up to $1 trillion. The story further noted that OpenAI is thinking about registering with securities regulators as early as the
Pluro is redefining fertility care by partnering with top IVF specialists to offer a world-class, tech-driven “couple-first” experience. Pluro Fertility and IVF, a healthcare partnership platform, has raised ₹125 crore in a Series A funding round led by Bessemer Venture Partners, valuing the company at ₹1,000
With a strong rally that has solidified its position at the forefront of the artificial intelligence boom, Nvidia was poised to make history on 29 October by becoming the first business to reach $5 trillion in market value. After CEO Jensen Huang revealed plans to create seven supercomputers for the
Indian eyewear retailer Lenskart has secured an investment of INR 100 crore from SBI Mutual Fund in a pre-IPO transaction. The investment comes via SBI’s Alternative Investment Funds (AIFs), namely the SBI Optimal Equity Fund and SBI Emergent Fund. Transaction specifics * The INR 100 crore investment was made
* Funds raised will be used for future growth, marketing & supporting the acquisition of Teleport * SMV recently acquired Kunal Shah-backed Teleport to grow its operations in South India * The fund raise also comes on the back of critical milestones achieved by the company, with a 4X growth in revenues
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The Indian commercial interior design and office fit-out sector is expanding rapidly, valued at INR 277 billion in 2023 and projected to grow to INR 805 billion by 2030 at a CAGR of 16.5%. FocusOn Interiors provides end-to-end turnkey solutions, bridging the gap between design and
Alphabet's market value plummeted by $150 billion on 21 October as a result of OpenAI's release of ChatGPT Atlas, an AI-powered web browser. This was one of the biggest one-day market reactions to a tech product launch this year. A mysterious six-second movie
Buying gold during Dhanteras and Diwali is a long-standing Indian tradition symbolising prosperity, wealth, and good fortune. This festive season, JioFinance has introduced Jio Gold 24K Days, a limited-period offer that rewards customers with 2% free gold and a chance to win prizes worth ₹10 lakh on purchases
India’s fast-growing quick-commerce platform, Zepto, has raised $450 million in a new funding round led by CalPERS (California Public Employees’ Retirement System), valuing the company at $7 billion. The funding round is one of the largest investments in the Indian startup ecosystem this year and sets the
For booking flights, buses, trains, and hotels, Rapido has partnered with Goibibo, owned by MakeMyTrip; ConfirmTkt, owned by ixigo; and redBus. Rapido aims to become a one-stop travel app, offering its 5 Cr active users from more than 400 cities nationwide a smooth mobility experience. Prior to a possible
India’s startup and business ecosystem witnessed several significant developments on 6th October 2025. From major funding deals to strategic business moves, here’s a quick roundup of the top stories shaping the market today. Highlights include JSW One Platforms securing INR 575 crore to expand its B2B e-commerce
Mumbai-based fintech firm Raise Financial Services, the parent company of stock trading platform Dhan, has officially entered the unicorn club following a Series B funding round of $120 million. The investment was led by Hornbill Capital and included participation from MUFG, BEENEXT, and notable investors such as Ramesh Damani,
Through a block sale valued at INR 950 Cr (about $114 million), Flipkart Investments, the investment vehicle of the e-commerce powerhouse Flipkart, is reportedly diluting its whole 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLBL). Flipkart plans to sell 7.3 Cr shares at a base price of
Goldman Sachs has sold over 1 crore shares of Eternal Limited, the parent company of Zomato, in a block deal valued at INR 355.32 crore. The shares were sold at INR 329 each, matching the closing price from the previous Wednesday. BofA Securities Europe SA acquired the entire stake,
Spinny's revenue grew 25% to INR 4,657 crore in FY25, while net losses fell to INR 424 crore. The used-car unicorn improved margins, reduced expenses, and strengthened its path toward breakeven amid a challenging market.
Oversubscribed 3.5X, the fund signals confidence in India’s startup ecosystem at a time of global venture slowdown, with strong founder-LP backing, global institutional participation, and a fast, conviction-led investment model. Zeropearl VC, India’s leading solo GP-led pre-seed and seed venture fund, today announced
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
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Physics Wallah, most popularly known as PW, has become a familiar name in India’s EdTech domain. It all started in 2016 as a YouTube channel by Alakh Pandey, sharing physics lessons, and has today grown into a unicorn company. These days, millions of students now rely on PW for
In an effort to establish the nation's first international phone brand, London-based smartphone manufacturer Nothing, which is well-known for its transparent device designs, is increasing investments in India and focusing on young people in the most populous country in the world. On September 25, the unicorn
Zealthix, a comprehensive SaaS based Healthcare platform has raised USD 1.1 Million in a seed round led by Unicorn India Ventures with participation from AlphaGen Venture Capital. Funds raised will be used for expansion and revenue growth. Additionally, a sizable portion will also be invested in making technology more
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Technological growth and affordable equipment have devised a new scheme of learning in this modern world. They have refreshed our education system and made learning easy, simple, and interesting. This change in the system seems so quick that, shortly, students might no longer carry books and will have the option
Groww, an online investing platform, has submitted a revised draft prospectus for an IPO of INR 6,000–7,000 crore to the Securities and Exchange Board of India (SEBI). The transaction would consist of an offer for sale (OFS) of 574 million shares valued at about INR 5,000–
According to various media reports, Mukesh Ambani, who announced that Reliance Industries' telecom division, Reliance Jio, would go public next year, is also working on listing Reliance Retail, which may be valued at around $200 billion. With the demerger of the fast-moving consumer goods (FMCG) division, Reliance Consumer
After failing to agree on a valuation, the family office of billionaire Sunil Mittal has pulled out of talks to buy a 49% share in Haier Appliances (India). The Chinese parent business of Haier India, Haier Group, was looking for a valuation of roughly $2 billion (INR 17,100 crore)
According to the Hurun Global Unicorn Index 2025, the number of privately held unicorns worldwide has increased by 70 from the previous year to a record 1,523 companies valued at over $1 billion each. India now boasts 73 unicorns in 2025, up from just one in 2011, securing its
The valuation of Anthropic reaches $183 billion, becoming one of the world's most valuable AI companies. It plans to put money in...
According to various media reports, Tata Capital, a non-banking financial company (NBFC), is scheduled to commence its much-awaited $2 billion (INR 17,200 crore) IPO the week of September 22. Reports said that the corporation is anticipated to be worth approximately $11 billion as a result of the
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Nike, Inc. is an American multinational business that designs, develops, manufactures, markets, and sells footwear, apparel, equipment, accessories, and services on a global scale. Nike is a major player in the athletic world. The company pulled in revenue of over US$51.6 billion in its 2023 fiscal year and
Cohere's valuation reaches $6.8 billion and hires former Meta AI talent Joelle Pineau to lead Cohere Labs in the research domain. Learn more.
Fractal is looking to raise $560 million (₹4,900 crore) through its IPO, and here’s what you need to know.
Aims to strengthen product innovation, expand offline retail and double down on tech and marketing RENÉE Cosmetics, one of India’s fastest-growing beauty brands, has raised $30Mn in a new funding round, at a valuation $200Mn. The round was led by Playbook with secondaries from Midas, including a mix
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India's edtech industry is valued at $7.5 billion in 2024, and is projected to grow to $29 billion by 2030. One name stands out: Physics Wallah, an Indian unicorn edtech startup founded in 2016 by Alakh Pandey and Prateek Maheshwari. Today, the brand is a household name
According to reports, Tesla and Samsung Electronics have inked a significant chip supply agreement valued at $16.5 billion through 2033. The action is intended to help Samsung's faltering contract chip manufacturing division, which is up against fierce competition from TSMC. Inside the $16.5 Billion Agreement: What
Mumbai/Chennai/Thiruvanthapuram, 24th July 2025, Kerala-based Semiconductor startup Netrasemi has raised Rs 107 crore in Series A round from Zoho Corporations Ltd & Unicorn India Ventures. Funds raised will be used for accelerating research and development initiatives, expand manufacturing capabilities, enhance marketing efforts to capture larger domestic and
Deep-tech startup backed by RTP Global, Unicorn India Ventures, and Blume Founders Fund to build GenAI-powered cloud stack; hiring to scale across engineering and go-to-market functions. Kluisz.ai, a deep tech, GenAI-powered cloud startup, today announced a $9.6 million seed round led by RTP
As it prepares for an IPO on the New York Stock Exchange, Figma is looking for a fully diluted valuation of up to $16.4 billion, a move that could boost the tech IPO market, which is currently recovering, according to a Reuters story. According to a statement made on
Truecaller, the leading global communications platform, today announced its interim financial results for the first half of fiscal year 2025 (January-June 2025). The report highlights continued robust performance across its key revenue streams and a growing user base, with India remaining a significant contributor to this success. For the
KARM BABA which operates as a smart B2B marketplace to bridge the gap between traditional industries and modern trade ecosystems. The growing venture, part of the KARM Baba Group, has successfully completed a funding round with high-net-worth investors from overseas. As part of the deal, it sold 3%
On July 9, Nvidia became the first business to reach $4 trillion in market value, marking a significant milestone in Wall Street's wager that AI will revolutionise the economy. Nvidia surged to $164.42 just after the stock market opened, valuing the company at more than $4 trillion.
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Aravind Sanka, co‑founder and CEO of Rapido, has played a big role in changing how people travel in Indian cities. He helped build Rapido into a unicorn by focusing on what customers need and making it easy to use. But Aravind is not just building one company, he is
With its DRHP submitted to markets regulator SEBI under the confidential pre-filing procedure, e-commerce giant Meesho has joined the long line of Indian new-age digital businesses seeking to go public. According to various media reports, Meesho's public offering will include a new offering of shares