Author: Ashish Bisht

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…

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…