Author: Business Matters Author

Gullak, a fast-growing investment and savings platform, has successfully raised $7.5 million (approx. INR 66.5 crore) in its Series A funding round, led by Chiratae Ventures. The round also saw participation from White Venture Capital, Samved Ventures, and existing investors Y Combinator, GMO Venture Partners, and Rebel Funds. Founded in 2022 by Manthan Shah, Naimisha Rao, and Dilip Jain, Gullak is on a mission to simplify and democratize gold investments for everyday Indians. The startup offers a user-friendly platform that allows users to invest in gold or digital gold, either through systematic investment plans (SIPs) starting as low as INR…

In a world consumed by endless doomscrolling and mindless content, three IIT Kanpur alumni — Rohit Choudhary, Yash Banwani, and Keertay Agarwal — chose to swim against the tide. Instead of replicating the TikTok model after its ban in India in June 2020, they set out to create a platform where learning meets entertainment. Today, their brainchild, SeekhoSeekho Datalabs, is valued at over ₹600 Crores, proving that substance can triumph over virality. The journey of these three visionaries began during their college days, where a shared passion for technology, learning, and creativity brought them together. Their paths crossed again at…

Belgaum-based contract manufacturing company Aequs has received the green light from the Securities and Exchange Board of India (SEBI) to proceed with its Initial Public Offering (IPO), marking a significant milestone in its growth journey. The regulator issued its observations on September 18, 2025, as part of its weekly processing report, thereby clearing the company’s Draft Red Herring Prospectus (DRHP) filed via the confidential pre-filing route in June 2025. In SEBI’s regulatory framework, the issuance of “observations” signals formal approval for a company to move ahead with its IPO plans. Aequs’ upcoming public issue is expected to raise $200 million…

Lab-grown diamond startup Lucira has raised $5.5 million (approx. INR 48 crore) in a seed funding round led by Blume Ventures, with participation from Spring Marketing Capital, SiriusOne Capital, and several prominent angel investors. These include the founders of well-known Indian D2C brands such as Dot & Key, Livspace, Snitch, and Bewakoof. Founded in early 2025 by Rupesh Jain and Vandana Jain, Lucira Jewelry aims to redefine the Indian fine jewelry market with its lab-grown diamond collections. The company uses Chemical Vapor Deposition (CVD) technology to create sustainable, high-quality diamonds. Lucira offers a range of jewelry, including rings, earrings, necklaces,…

Wealthtech startup Jar has announced profitability in the first two quarters of 2025 — specifically Q4 FY25 and Q1 FY26 — marking a significant milestone in its journey. The Bengaluru-based startup, which enables users to make microinvestments in digital gold, attributed this turnaround to strong business growth and a strategic expansion into the ecommerce jewellery space. Founded in 2021 by Nishchay AG and Misbah Ashraf, Jar operates a mobile-first platform that allows users to invest small amounts, starting from just INR 10, in digital gold. The app has gained rapid popularity, especially among first-time investors in Tier 2 and Tier…

In a fast-paced world where convenience and time efficiency are top priorities, Snabbit is changing the game in the domestic help services industry. Launched in Mumbai, this innovative startup promises to deliver trusted domestic help within just 10 minutes, offering services such as laundry, cleaning, dishwashing, bathroom cleaning, and kitchen preparation. With a sharp focus on speed, quality, and reliability, Snabbit is setting new standards in home services across Indian metros. After a successful pilot run in Mumbai, Snabbit has expanded its footprint to Bengaluru, Gurugram, and Thane, tapping into the growing demand for fast and professional domestic help. The…

In a significant milestone for the Indian fintech space, InCred Money, the digital brokerage arm of InCred Group, has raised ₹250 crore (approx. $30 million) in a fresh funding round. The investment came from a group of high-profile investors, including Ranjan Pai (Chairman, Manipal Group), Ram Nayak (former Deutsche Bank executive), and the Mankind Family Office, among others. This strategic fundraise pegs InCred Money’s valuation at around ₹1,650 crore (approx. $200 million), underscoring the company’s robust growth and future potential in India’s fast-evolving investment landscape. Read Also :- TVS Orbiter Launched at INR 99,900: Aims to Strengthen Leadership in India’s…

TVS Motor Company, India’s leading electric two-wheeler (E2W) manufacturer, has further strengthened its presence in the country’s growing EV segment with the launch of its latest electric scooter — the TVS Orbiter. Priced attractively at INR 99,900 (ex-showroom), the TVS Orbiter is positioned to appeal to urban commuters looking for performance, range, and value. TVS Orbiter: Key Features and Specifications The TVS Orbiter is powered by a 3.1 kWh battery pack, offering an impressive range of 158 km on a single charge. This makes it ideal for daily commuting as well as short intercity rides. With a boot space of…

IPO-Bound Startup Posts First-Ever Profit, Operating Revenue Up 17% In a significant milestone ahead of its initial public offering (IPO), WeWork India has reported its first-ever profitable fiscal year in FY25, posting a profit after tax (PAT) of INR 128.2 crore. This marks a turnaround from a loss of INR 135.7 crore in the previous fiscal year (FY24), according to the startup’s recent filings with the Ministry of Corporate Affairs (MCA). However, a closer look at the numbers reveals that this profitability is largely attributed to a deferred tax gain of INR 285.7 crore, a sharp increase from just INR…

Mumbai-based robotics startup Emotix, the parent company behind the popular Miko range of educational robots, has secured a significant boost in funding. The company recently received board approval to raise approximately INR 1,325.37 crore (around $151 million) through the issuance of preferential shares to AMDG-PAX Foundation. According to a filing with the Ministry of Corporate Affairs accessed by Inc42, Emotix’s board passed a resolution on March 28 to issue 22,464 Series D2 Compulsorily Convertible Preference Shares (CCPS) to AMDG-PAX Foundation at an issue price of INR 5,90,000 per share. Read Also :- Apple to Ramp Up iPhone 17 Production in…