Author: Ashish Bisht

In a major development ahead of its much-anticipated initial public offering (IPO), Fractal Analytics has successfully raised $170 million through a secondary share sale. This transaction, which involved the offloading of a 6% stake by early investor Apax Partners, has propelled the company’s valuation to $2.44 billion — a sharp jump from its previous $1.55 billion valuation recorded during its last funding round in 2023, led by TPG Capital. The latest deal saw participation from a wide consortium of 22 institutional investors, signaling robust investor confidence in Fractal’s business fundamentals and future growth prospects. Among the leading participants in this…

IPO-bound stock broking giant Groww is stepping up its game in the Indian trading ecosystem with the upcoming launch of ‘915’, a brand-new, standalone web-based platform aimed squarely at professional and high-volume traders. Designed to offer a superior trading experience, 915 is being developed entirely in-house and promises a range of advanced features not available on the existing Groww app. What is Groww 915? Groww’s 915 is not just an extension of the current app—it’s a whole new platform tailored to meet the needs of serious traders who demand more control, precision, and speed. According to sources close to the…

Fractal Analytics, a leading SaaS-based AI and advanced analytics company, is making headlines as it prepares for its much-anticipated initial public offering (IPO). In a significant development, cofounder and CEO Srikanth Velamakanni has invested INR 48.7 Cr (approximately $5.6 million) in the company. This strategic move underscores Velamakanni’s continued confidence in the company he co-founded over two decades ago. According to Fractal’s recent regulatory filings, this investment stems from the conversion of partly paid-up equity shares into fully paid-up equity shares. The company’s board approved the conversion of 6.6 lakh partly paid-up equity shares held by Velamakanni into fully paid-up…

Astrotalk Eyes Unicorn Status with $50 Mn Series B Funding at $1.5 Bn Valuation Astrotalk, the Delhi NCR-based online astrology platform, is reportedly in advanced talks to raise $50 million in its Series B funding round, which could propel the startup into the unicorn club with a valuation between $1.3 billion to $1.5 billion. According to sources cited by Inc42, Astrotalk is engaging with several top-tier venture capital and private equity investors, while also expecting participation from all its existing investors. If successful, this round would mark a 4X to 5X surge from its previous valuation of approximately $300 million,…

In a significant crackdown on the growing menace of online betting and gambling, the Enforcement Directorate (ED) has reportedly filed an Enforcement Case Information Report (ECIR) against 29 individuals, including prominent actors such as Rana Daggubati, Prakash Raj, Vijay Deverakonda, and several social media influencers and television personalities. The ECIR, which operates under the provisions of the Prevention of Money Laundering Act (PMLA), marks the initiation of a formal investigation into alleged money laundering activities connected to illegal betting platforms. According to The Hindu, the ED’s action stems from at least five FIRs lodged across various cities in Andhra Pradesh…

Jio Platforms, the digital and telecom arm of Reliance Industries Ltd (RIL), has reportedly shelved its initial public offering (IPO) plans for 2025. According to a Reuters report, the company is choosing to concentrate on enhancing its core business performance, scaling its operations, and driving sustainable revenue growth before making its market debut. No Official IPO Timeline Yet Citing sources familiar with the matter, the report states that Jio Platforms has not set any official timeline for its IPO. No investment banks have been appointed to manage the process, which indicates a significant delay in the listing plan. “It’s (the…

In a significant development for the Indian coworking sector, the Securities and Exchange Board of India (SEBI) has resumed the review of WeWork India’s draft red herring prospectus (DRHP), reviving the company’s stalled plans for an initial public offering (IPO). This comes more than three months after the markets regulator had kept the IPO filing in abeyance—a move that had raised eyebrows across the business and investment communities. According to the latest update on SEBI’s website, the regulator is currently processing or re-evaluating the DRHP submitted by WeWork India. In SEBI’s terminology, keeping an application “in abeyance” typically indicates a…

In a strategic move ahead of its anticipated Initial Public Offering (IPO), Tata-owned grocery delivery platform BigBasket has appointed Manish Bajoria as its new Chief Financial Officer (CFO). This leadership change comes as BigBasket accelerates its growth trajectory and prepares for its next phase of expansion and innovation in India’s rapidly evolving online grocery market. Experienced Financial Leader Joins BigBasket Manish Bajoria, the former CFO of Vini Cosmetics, brings with him a wealth of financial expertise and operational experience across consumer-facing businesses. With over two decades of leadership in finance, Bajoria’s appointment marks a significant milestone for BigBasket as it…

In a strategic move that signals its readiness to enter the public markets, SaaS startup NoPaperForms, popularly known as Meritto, has officially transitioned into a public limited company. Backed by tech investment giant Info Edge, the company has changed its name from NoPaperForms Solutions Private Limited to NoPaperForms Solutions Limited, a key step in the lead-up to an initial public offering (IPO). As per regulatory filings accessed by Inc42, the company’s board of directors approved the conversion in a meeting held on May 22, 2025. Following this, the shareholders gave their approval during an extraordinary general meeting (EGM) on May…

Smartworks Coworking Spaces, one of India’s leading managed and flexible workspace providers, is all set to launch its much-anticipated Initial Public Offering (IPO) on July 10 (Thursday). The public issue will remain open for subscription until July 14 (Monday). Ahead of the IPO opening, the company has significantly revised down the size of its offer, as per the latest Red Herring Prospectus (RHP). Smartworks IPO: Fresh Issue and OFS Reduced Nearly eight months after receiving a go-ahead from capital markets regulator SEBI, Smartworks has finally filed its RHP. The updated document outlines notable changes to the offer structure, particularly in…