Startup Funding

Armour Security IPO shares to list today. Check GMP ahead of debut

Armour Security India is poised for its NSE SME debut with muted grey market sentiment, showing a 0% premium. The Rs 26.51 crore IPO, fully a fresh issue, saw modest subscription of 1.82 times. The private security and facility management firm, serving diverse sectors nationwide, plans to utilize IPO funds for working capital, equipment, and debt repayment.

Startup Funding

Cabinet approves Rs 5,000cr equity infusion for Sidbi

The Union cabinet has approved Rs 5,000 crore in equity support for Sidbi to boost credit flow to small businesses. This infusion, spread over three years, aims to enable Sidbi to offer competitive loans to MSMEs. The initiative is projected to create 1.1 crore jobs and add 25.7 lakh new MSME beneficiaries by 2027-28.

Startup Funding

Senco Gold acquires 68% stake in August Jewellery for ₹68 crore

Senco Gold Ltd's board approved a ₹68 crore investment to acquire 68% stake in August Jewellery Private Limited (AJPL), owner of the Melorra brand. AJPL, incorporated in 2015, operates 21 stores across India and specialises in fast-fashion lightweight jewellery. The acquisition aims to strengthen Senco’s digital and omnichannel strategy, create synergies, and enhance innovation and customer experience.

Startup Funding

For Real raises Rs 3.2 crore from Titan Capital to build online factory outlet marketplace

For Real, an online factory outlet marketplace redefining branded value shopping in India, has raised Rs 3.2 crore in a pre-Seed funding round from Titan Capital. The startup will use the fresh capital to build and scale its technology platform and drive early user adoption. Founded by Anurag Sheth and Mohit Sheth, For Real is building a dedicated online factory outlet marketplace that separates liquidation from primary commerce. The platform enables brands to liquidate excess inventory in a predictable and transparent manner, without impacting their core sales channels. For consumers, it offers a discovery-led value shopping experience focused on branded products rather than random discount-led browsing. “We have backed Anurag and Mohit because they have a clear understanding of a real and persistent problem brands face with excess inventory. They are building a structured, tech-led off-price marketplace with a strong focus on brand integrity, rather than short-term liquidation. As...

Startup Funding

Embedded lending technology platform Intellend raises $1.2 million from Incubate Fund Asia

Intellend Technologies Advisors, a fully digital and embedded lending technology platform focused on bridging India’s MSME credit gap, has raised $1.2 million (Rs 10.6 crore) in a seed funding round. The round was led by Incubate Fund Asia, with participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari. Intellend will use the funds to strengthen the team, build on the product roadmap, and execute on the envisioned GTM strategy. Founded in May 2025 by Brotish Das (CEO), Som Chatterjee (COO), and Bodhisattwa Gupta (CBO), Intellend is building a full-stack “lending-as-a-service” platform designed for digital merchant ecosystems. The startup enables seamless, embedded credit access for underserved MSMEs using advanced data analytics, AI-driven underwriting, and technology-led risk assessment. It partners with digital merchant ecosystems and financial institutions to offer affordable loans at the point of need in a risk-balanced manner. Intellend will use ...