Industry Trends

Razorpay begins IPO preparations, invites banker pitches for 2026 listing: Report

Fintech major Razorpay has begun early preparations for a potential IPO, with a listing targeted around the end of 2026, according to the ET report. The Bengaluru-based company has invited proposals from merchant bankers, including Kotak Mahindra Capital and Axis Capital, to manage the proposed public issue, the report noted. As per the report, the IPO is expected to include a fresh issue of shares worth about Rs 4,500 crore. The final size and timing of the offering, however, remain subject to market conditions and board approvals. Alongside the IPO process, Razorpay is also exploring a pre-IPO funding round, largely through secondary stake sales, to establish a valuation benchmark ahead of a listing. Sources cited in the report said the company is well capitalised and is not looking to raise immediate primary capital from private markets. Razorpay was last valued at around $7.5 billion following a $375 million fundraise in 2021. The move towards a public listing comes nearly a yea...

Startup Funding

Tamil Nadu launches deeptech startup policy; targets 100 startups, aims to mobilise Rs 100 crore

Tamil Nadu has launched a dedicated Deep Tech Startup Policy 2025–26, positioning it as the country’s first state-level framework designed specifically for science-led, IP-intensive ventures with long research cycles and high technical risk. The policy was unveiled by CM M K Stalin at the Umagine TN technology summit in Chennai. Anchored by the Information Technology and Digital Services Department and implemented through the Tamil Nadu Technology (iTNT) Hub, the policy seeks to bridge the long-standing lab-to-market gap faced by deep tech startups. It aims to back around 100 startups and mobilise Rs 100 crore in public and private investments over the next five years, while providing structured support from early-stage research to commercial scale-up and market adoption. “This deeptech startup policy lays the foundation for a future where innovation empowers every citizen and elevates our collective destiny,” Stalin said at the launch. IT minister Palanivel Thiaga Rajan added that ...

Hiring News

Walmart-owned Flipkart appoints Gunjan Bhartia as Senior Vice President ahead of IPO plans

Walmart-owned ecommerce company Flipkart has appointed Gunjan Bhartia as Senior Vice President, Business Finance, at eKart, its logistics and supply chain arm. In his new role, Bhartia will lead eKart’s business finance function across verticals, focusing on financial planning, performance rigour/discipline, and strategic transformation, as Flipkart continues building a future-ready supply chain for India. Bhartia brings over 28 years of global finance experience across Asia and the Middle East. He has previously held senior leadership roles at Coupang and GE, working on large-scale business transformations, multi-billion-dollar programmes, and financial operations in regulated and listed-company environments. “We are delighted to welcome Gunjan to Flipkart. His experience in transformation finance, capital discipline, and governance will add significant strength to eKart while supporting the Group’s long-term value creation,” said Ravi Iyer, Chief Financial Officer at Flipkart. Bha...