Startup Funding

Advanta Enterprises files IPO papers with Sebi

Advanta Enterprises Ltd is preparing for its initial public offering. The company has filed preliminary documents with Sebi. The IPO will be an Offer-for-Sale of over 3.6 crore equity shares. This means existing shareholders will sell their stakes. Advanta Enterprises is a global agricultural solutions provider. It focuses on hybrid seeds and post-harvest products.

Startup Funding

Modulus Alternatives to launch Rs 2,000 crore private credit fund

Modulus Alternatives plans to launch a Rs 2,000 crore third private credit fund, including a greenshoe option, targeting senior-secured mid-market opportunities. The Centrum-backed manager will focus on growth sectors and plans additional venture debt and pre-IPO equity funds.

Startup Funding

Shadowfax raises Rs 850 crore from anchor investors ahead of IPO

Logistics firm Shadowfax Technologies has secured approximately Rs 850 crore from anchor investors ahead of its IPO, which opens on January 20. The company has reduced its IPO size to Rs 1,907 crore, with a focus on diversifying its client base towards D2C brands and smaller retailers. Shadowfax reported a 68% rise in operating revenues to Rs 1,805.

Startup Funding

Shark Tank India-featured defense dronetech startup insideFPV raises Rs 6 crore in funding

Venture capital firm GVFL has led a Rs 6 crore pre-Series A funding round in insideFPV, an Gujarat-based defence drone technology startup focused on building indigenous, battlefield-ready unmanned systems for India’s armed forces. The Shark Tank India-featured startup will use the funding for product development, engineering capability building and scaling manufacturing readiness for defence-grade drone platforms. A portion of the capital will also be deployed towards testing and validation, expanding manufacturing capacity, working capital requirements, and strengthening deployment support, including operator training, spares and rapid repair capabilities. Founded in 2020 by Arth Chowdhary, Deyvant Bhardwaj and Oshi Kumari, insideFPV builds combat-ready drones designed to operate in real-world battlefield conditions and extreme environments. Its product portfolio includes FPV drones, kamikaze and surveillance systems, and interceptor drones tailored for defence applications. The st...