In a major push to tackle India’s mounting plastic waste crisis, Recove, a tech-driven plastics recycling startup, has raised Rs 5.3 crore from Momentum Capital to transform the country’s recycling supply chain. The startup, founded in 2024 by Viral Chhajer, Nirja Bhatt, and Sharan Subaiah, is aiming to build India’s first tech-enabled B2B marketplace for plastic recyclables, promising…
In a major pre-IPO move, 3State Ventures, the Singapore-based investment firm founded by Flipkart co-founder Binny Bansal, has invested Rs 160 crore in Curefoods, the health-focused food delivery company, ahead of its initial public offering (IPO). The development signals strong investor confidence in the rapidly growing Indian food-tech and wellness market.
According to Curefoods’ filing with…
In a major leadership move, Unacademy has appointed Sumit Jain, co-founder and CEO of its subsidiary Graphy, as the new chief executive officer of its flagship Test Preparation business. The announcement comes as the edtech unicorn looks to strengthen its core revenue-driving segment while expanding its digital learning footprint.
Sumit Jain, who previously co-founded the real estate platform…
Rakesh Ranjan, former CEO of Zomato’s core food delivery business, has been appointed as the new CEO of Allen Online, the digital arm of India’s leading test preparation institute, Allen Career Institute. The announcement comes shortly after Abha Maheshwari, a former Meta executive who had been leading Allen Online since 2023, stepped down from the role.
Ranjan officially exited Zomato earlier…
Virat Kohli-backed fashion brand WROGN has reported a steep net loss of Rs 76 crore for the financial year 2025, continuing a troubling trend of declining sales and rising expenses. According to the company’s filings with the Registrar of Companies, WROGN’s net loss widened by 32 percent from Rs 56.8 crore in FY24. This marks the second consecutive year of financial contraction for the men’s…
Bengaluru, India: Cloud kitchen operator Curefoods has secured Rs 160 crore ($18 million) in a pre-IPO placement from 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal. The company allotted 1.28 crore equity shares at Rs 124 per share to 3State Ventures, signaling strong investor confidence ahead of its public listing.
IPO Plans and DRHP Filing
Curefoods filed its draft red…
New Delhi, India: Quick commerce giant Zepto has signed a memorandum of understanding (MoU) with the Ministry of Labour & Employment to enhance employment opportunities and improve youth employability on the National Career Service (NCS) Portal. The MoU was signed in the presence of Union Minister for Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, at an event in New Delhi…
Bengaluru, India: Peak XV’s Surge accelerator has unveiled its 11th cohort, featuring 23 promising startups with AI taking center stage. This marks the third cohort since Surge spun out from Sequoia Capital to operate as an independent entity, further cementing its role as a leading early-stage accelerator in the region.
AI Dominates the New Cohort
Artificial intelligence continues to be the…
Bengaluru, India: Bipin Shah, one of India’s most experienced early-stage investors and a former partner at Titan Capital, has closed the first fund of his new venture firm, Zeropearl VC, at Rs 159 crore (around $18 million). While the fund size is smaller than initially planned, Shah emphasizes that the goal is outsized returns over sheer capital.
The debut fund is designed as a solo general…
Bengaluru, India: Gullak, a Bengaluru-based investment and savings platform that allows users to invest in digital gold, has raised $7.5 million (around Rs 66.5 crore) in a Series A funding round. The round was led by Chiratae Ventures, with participation from White Venture Capital, Samved Ventures, and existing backers including Y Combinator, GMO Venture Partners, and Rebel Funds.
The funding…
