Author: Ashish Bisht

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…

In a significant funding development, InCred Finance, the lending arm of the fintech unicorn InCred Group, has secured INR 400 Cr (approximately $46.8 Mn) through debt financing. The funding round saw participation from marquee investors such as Morgan Stanley India Primary Dealer, Nippon Life India, and internal entities like InCred Capital and InCred Wealth. Additionally, the company raised INR 40 Cr in equity infusion from its parent company, InCred Group. According to the Ministry of Corporate Affairs (MCA) filings accessed by Inc42, InCred Finance allotted 40,000 non-convertible debentures (NCDs) priced at INR 1 Lakh each to secure the debt funding.…

Direct-to-consumer (D2C) sleep and home solutions company Wakefit has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), officially setting the stage for its much-anticipated initial public offering (IPO). The filing offers a comprehensive look at Wakefit’s financial performance for the nine-month period ending December 2024 (9M FY25), showcasing a company that is inching toward profitability while maintaining steady revenues. According to the DRHP, Wakefit reported a net loss of INR 8.8 crore for the 9M FY25 period, a significant improvement compared to the full-year loss of INR 15 crore reported in FY24.…

In a groundbreaking development for India’s aerospace and defense manufacturing ecosystem, Noida-based drone technology startup Raphe mPhibr has raised $100 million (approximately INR 857 crore) in a funding round led by prominent venture capital firm General Catalyst. This fundraise marks the largest-ever private capital infusion in the country’s aerospace manufacturing sector, signaling growing investor confidence in India’s defense tech capabilities. The funding round also witnessed participation from Think Investments, renowned angel investor Amal Parikh, and several family offices, reinforcing the sector’s strategic importance and Raphe mPhibr’s leadership within it. Read Also :- AuraML Secures $1 Mn in Pre-Seed Funding to…

Deeptech startup AuraML has successfully raised $1 million (approximately INR 8.6 crore) in a pre-seed funding round. The round was led by Turbostart, with additional participation from notable investors such as DeVC, GSF Accelerator, Indian Angel Network, and a host of other strategic backers. This milestone funding will play a crucial role in helping AuraML accelerate its product development roadmap, scale operations in the United States, and support enterprise pilot programs in the realms of warehouse automation, industrial robotics, and autonomous systems. Founded in 2022 by Ayush Sharma and Arjun Gupta, AuraML is building a generative simulation platform specifically designed…

As Meesho prepares for its highly anticipated initial public offering (IPO), the ecommerce platform has undertaken a significant reshuffle of its board of directors, streamlining its leadership structure and retaining only two of its four major institutional investors on the board. This strategic realignment comes as the company positions itself for a robust market debut and signals a shift toward more focused governance and tighter control by its core leadership team. The reconstituted board will continue to be led by Meesho’s cofounder and Chief Executive Officer, Vidit Aatrey, who also serves as the board’s chairman. As the Managing Director and…

Chennai-based coliving startup Truliv has entered into a strategic equity partnership with Bennett, Coleman & Co. Ltd (BCCL), the media conglomerate that owns The Times Group. The investment pegs Truliv’s valuation at INR 356.5 crore, signaling strong investor confidence in India’s evolving alternative housing and hospitality market. Founded in 2019 by entrepreneurs Rathod and Rohit Reddy, Truliv started as a provider of modern, managed coliving spaces targeted primarily at young professionals and students. Over time, the company has broadened its portfolio to include holiday homes and alternative hospitality solutions, positioning itself as a key player in India’s emerging “lifestyle living”…

DroneAcharya Aerial Innovations, a BSE SME-listed dronetech company, has once again postponed the release of its financial results for the second half of fiscal year 2025 (H2 FY25). Initially scheduled for submission on May 27, the board meeting to consider and approve the financials has now been deferred to July 11—marking the third consecutive rescheduling. In a regulatory filing with the Bombay Stock Exchange (BSE), DroneAcharya stated that the latest delay is due to ongoing audit challenges. The company cited “resource constraints” and “extended internal review procedures” as the primary reasons behind the delay in finalizing its audited financial statements.…

In a strategic move to strengthen its presence in India, Taiwanese electronics manufacturing giant Foxconn is set to begin iPhone enclosure production in Tamil Nadu. The company is reportedly constructing a new facility within the ESR Industrial Park in Oragadam, a rapidly growing industrial hub in the southern state. According to industry sources, Foxconn’s new unit will be dedicated to manufacturing metal enclosures for Apple iPhones, marking a significant expansion of its operations in India. This unit will be located close to Foxconn’s upcoming display module assembly plant, which is also in an advanced stage of development in the same…

Bengaluru-based non-banking financial company (NBFC) Techfino has successfully raised INR 65 Cr (approximately $7.5 million) in its latest funding round. The investment was led by Stellaris Venture Partners and Saison Capital, with participation aimed at propelling the NBFC’s growth across India’s Tier II and Tier III cities. Expansion Plans and Technology Enhancement With the newly secured capital, Techfino aims to scale its branch network, strengthen its internally developed technology platform, and streamline operations to serve more customers efficiently. The funding will also be used to enhance underwriting capabilities and reduce turnaround times (TAT) through deeper automation and data integration. Techfino’s…