Career News & Insights

Startup investor Anicut Capital closes Rs 1,275 crore GAF-IV, its third private credit fund

Anicut Capital has announced the final close of its third private credit vehicle, Grand Anicut Fund IV (GAF-IV), at Rs 1,275 crore, exceeding its initial target of Rs 1,000 crore. The Chennai-headquartered investment firm said the fund will back companies across consumer, engineering services, SaaS, manufacturing, hospitality, and shipbuilding sectors. According to the firm, GAF-IV includes a GIFT City-based dollar feeder structure that allows global investors to participate in India’s private credit opportunity. Through this feeder, Anicut raised around $11 million, or nearly Rs 92 crore, in dollar-denominated commitments last year. The firm plans to deploy capital with an average cheque size of about Rs 80 crore per transaction. With the close of GAF-IV, Anicut Capital’s total assets under management stand at around Rs 4,500 crore across six funds, split evenly between debt and equity strategies. Founded in 2016 by Ashvin Chadha and IAS Balamurugan, the firm provides both debt and...

PlasmaGen Biosciences raises Rs 150 crore in funding from ViNS Bioproducts, others

PlasmaGen Biosciences has raised Rs 150 crore in a funding round led by ViNS Bioproducts, with participation from high-net-worth individuals, family offices, pharma entrepreneurs, and existing investors. The Bengaluru-based biopharma startup secured the capital at a valuation of over Rs 1,500 crore. The company, which is backed by Eight Roads Ventures, has now raised more than Rs 600 crore to date. Its investor base includes Eight Road Ventures, F-Prime Capital, Fidelity’s FIL Capital Investments, UK-based Artian Investments, and several prominent HNIs. In 2023, PlasmaGen raised Rs 225 crore, while an earlier round in 2017 had brought in about Rs 160 crore from Eight Roads and F-Prime Capital. Founded in 2010, PlasmaGen develops, manufactures, and markets blood plasma-derived therapies, including albumin, immunoglobulins, anti-D products, and clotting factors. These therapies are used across neurology, hematology, and critical care, and are supplied to private hospitals as well as s...

Mutual fund advisory platform PowerUp Money raises over Rs 100 crore to scale its business

PowerUp Money, a mutual fund advisory wealthtech platform, has raised $12 million (about Rs 107.4 crore) in a Series A funding round led by Peak XV, with participation from existing investors Accel, Blume Ventures and Kae Capital. The round also saw continued backing from 8i Ventures and DevC, and comes just six months after the startup raised $7.1 million in seed funding. Founded in 2024 by Prateek Jindal, the Bengaluru-based startup is building a research-led, zero-commission mutual fund advisory platform focused on providing unbiased investment advice at significantly lower costs than traditional models. PowerUp Money operates as a SEBI-registered Registered Investment Advisor (RIA), a structure it says ensures advisory recommendations remain aligned with long-term investor outcomes rather than product commissions. The startup wil use the raised capital to strengthen its research and advisory capabilities, scale its flagship subscription product PowerUp Elite, launch a new fully ...

Aerospace and defence electronics company CoreEL Technologies raises $30 million in funding

CoreEL Technologies, a Bengaluru-headquartered aerospace and defence electronics company, has raised $30 million in a Series B funding round led by ValueQuest Scale Fund with participation from existing investor 360 ONE Asset. The round saw a majority inflow from ValueQuest Scale Fund, while 360 ONE Asset, which led CoreEL’s Series A round, increased its stake in the company. Founded in 1999, CoreEL Technologies designs, manufactures and supplies advanced electronic systems and sub-systems for the Indian aerospace and defence sector. Its products are deployed across next-generation avionics, radars, missiles, electronic warfare systems, military communications (MILCOM) and sonars. The company’s customers include the Ministry of Defence, defence public sector undertakings and the Defence Research and Development Organisation (DRDO). The fresh capital will be used to scale manufacturing capacity, strengthen research and development and product engineering, and support participation in...

Zerodha's Rainmatter, founders, angel investors invests $3 million in EV startup Naxatra Labs

Electric vehicle and industrial motor startup Naxatra Labs has raised $3 million in a pre-Series A funding round led by Rainmatter , the venture investment arm of Zerodha, as the startuo looks to scale manufacturing and deepen its product portfolio in a fast-growing electric motor market. The round also saw participation from a group of founders, operators and angel investors, including Mohit Tandon of Delhivery, Himanshu Aggarwal of Aspiring Minds, Vijay Shekhar Sharma of Paytm, Aloke Bajpai of Ixigo, Anupam Jalote of iCEM, Narayan of Ather Energy, Soumitra Sharma of Operators Studio, and Hemant Daga of Neo Assets, among others. Founded by Piyush Verma, Abhilash Maurya and Arnav Biswas, Naxatra Labs designs and manufactures high-efficiency electric motors for electric vehicle and industrial applications. The startup develops motors end to end, spanning electromagnetic design, validation and manufacturing. Over the past four years, it has built a proprietary R&D stack and moved mult...

OYO’s parent PRISM gets shareholder approval to raise Rs 6,650 crore via IPO

PRISM, the parent company of OYO, has received shareholder approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed initial public offering (IPO). The approval was granted at an Extraordinary General Meeting held on December 20, 2025, where shareholders cleared the special resolution to undertake the IPO, subject to regulatory approvals and market conditions. Shareholders also approved a bonus issue of equity shares in the ratio of 1:19, with December 5, 2025 fixed as the record date to determine eligible shareholders. The EGM approvals come as PRISM advances preparations for a public listing after multiple deferrals in the past, including an aborted IPO attempt during a period of heightened scrutiny around governance, valuation, and business sustainability. Since then, the company has simplified its capital structure, raised capital through private placements. PRISM, formerly known as Oravel Stays, formally adopted its new name earlier t...

Bharti Enterprises, Warburg Pincus set to acquire 49% stake in Haier India

SBI Mutual Fund sells 18.18 lakh Delhivery shares for about Rs 74.45 crore

SBI Mutual Fund has reduced its stake in Delhivery, selling 18.18 lakh shares of the logistics company on December 22 to bring its shareholding down to 5.69%, according to an exchange filing and disclosures under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) regulations. The sale represents a 0.24 percentage point reduction from the fund house’s earlier holding of 5.93%. Based on Delhivery’s closing price of Rs 409.20 on the BSE on December 22, the transaction is estimated to be worth about Rs 74 crore. Following the sale, SBI Mutual Fund now holds around 4.25 crore shares, equivalent to 5.69% of Delhivery’s paid-up equity capital. SBI Mutual Fund holds Delhivery shares through multiple schemes and has been steadily trimming its exposure over the past two years. The fund had disclosed a 7.91% stake in April 2023. As per Delhivery’s shareholding pattern for the quarter ended September 2025, SBI Mutual Fund held a 6.41% stake through the SBI Equity Hybrid Fund. Delhive...

Meesho’s shares plummet 23 per cent in three sessions after bumper debut

Chalet Hotels to launch new premium brand Athiva as demand strengthens

Incoming CEO Shwetank Singh said strong wedding season demand, MICE travel, and leisure movement drove solid performance in the second half, with double-digit growth in occupancy and room rates expected to continue.

NCLT Clears Merger of Amazon India’s Logistics and Marketplace Arms

The Bengaluru bench of National Company Law Tribunal (NCLT) has approved the merger of Amazon India’s logistics and transport arm…

Oyo parent Prism gets shareholders’ nod for Rs 6,650 crore IPO

Oyo's parent company, Prism, has secured shareholder backing for its initial public offering. The company plans to raise up to Rs 6,650 crore through fresh equity shares. Shareholders also approved a bonus share issuance. These approvals are significant steps towards Prism's public listing. Recent financial performance shows strong profit and revenue growth for Oyo.