Lenskart, India’s leading omnichannel eyewear retailer, has posted a 43% growth in revenue for the fiscal year 2024, reaching Rs 5,427 crore, but it faced a slower pace of growth compared to the previous year. Despite its continued success in terms of revenue, the company reported a small loss of Rs 10 crore, showing its careful efforts to balance growth and cost management.
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In a major move to expand its investment capabilities, Inflexor Ventures, an early-stage venture capital (VC) firm, has announced the first close of its new Opportunities Fund, with an impressive Rs 280 crore raised so far. The firm is aiming for a targeted fund size of Rs 350 crore, and with this initial closing, they are well on their way to achieving that goal.
With strong backing from various…
In a major development for the fintech and SME export sectors, MODIFI, a tech-driven financial solutions startup, has successfully raised $15 million in a new funding round. The investment, led by the SMBC Asia Rising Fund, marks a significant step in MODIFI’s mission to support small and medium-sized enterprises (SMEs) across Asia with innovative cross-border financing solutions.
This strategic…
In a bold move to disrupt the traditional home financing sector, Easy Home Finance, a leading lending tech startup, has raised a whopping $35 million in its Series B funding round. The round was co-led by Claypond Capital, the investment office of Manipal Group’s Ranjan Pai, and Sumitomo Mitsui’s Asia Rising Fund, with support from existing investors including Xponentia Capital, Finsight…
In a major move that signals the growing potential of India’s spacetech industry, Ajay Kumar’s MountTech Growth Fund is set to become a key investor in GalaxEye, a Bengaluru-based spacetech startup. This is the first investment by MountTech since it launched earlier this year, and it’s already making waves in the aerospace and defence sectors.
GalaxEye, which provides satellite-based imaging…
Swiggy, India’s popular food and grocery delivery platform, is making major moves as it prepares for its highly anticipated Initial Public Offering (IPO). The company has successfully raised ₹5,085 crore (around $600 million) from more than 75 anchor investors. This marks a key milestone ahead of the official IPO launch, set to happen soon. Here’s everything you need to know about Swiggy’s…
Innovartan Learning Solutions, a new and innovative edtech startup from Noida, has successfully raised Rs 5 crore in its pre-seed funding round. This funding round was co-led by Gokul Rajaram and Amit Singhal, two prominent investors in the tech and education space. The capital will be used to advance Innovartan’s mission to bridge the gap between school education and competitive exam…
At 21, Jeevika Tyagi had the world at her feet. Armed with a prestigious degree and an impressive job offer from BlackRock, one of the top financial firms on Wall Street, Jeevika seemed destined for success in the corporate world. The offer came with an H1B visa and a salary of ₹1 crore, a dream job for most young professionals. But for Jeevika, it was only the beginning of a much bolder journey…
Anil Rathod, a highly skilled civil engineer and the dynamic CEO of Anil Constructions, has been transforming Pune’s construction industry through dedication, quality, and a commitment to professional integrity. Established by his father in 2003, Anil Constructions has grown into one of Pune’s leading construction companies, thanks to Anil’s relentless pursuit of excellence. Today, the…
As the CEO of ConnectPR, he finds passion in elevating brands in the online realm through his company that excels in a variety of PR services.
There are only a handful of names, especially from the past few years in the business realm that have gone beyond boundaries and made a name for themselves globally. These professionals even at a very young age ensure to stun people in and around their…
