DevX, the coworking space provider, finally shook off its post-listing slump, rising nearly 5% to INR 56.50 on trading. The stock had previously hit the lower circuit in four out of five sessions and was trading over 16% below its listing price, leaving investors anxious.
Strong FY25 Performance Boosts Confidence
The turnaround comes on the back of strong financial results for FY25:
Net profit…
India’s venture capital scene is heating up as Chiratae Ventures, one of the country’s leading technology-focused investment firms and an early backer of Flipkart, has announced the second close of its fifth fund at $150 million.
With a target corpus of $350 million and a hard cap of $500 million, the firm expects to reach the final close of Fund V in the first quarter of 2026. This new fund…
India’s specialty chemical sector is witnessing a surge of innovation, and Distil, a fast-growing startup, is at the forefront. The Gurugram-based company has raised $7.7 million in a fresh funding round led by Singapore’s Jungle Ventures and CE-Ventures, with strategic participation from Rubamin, PI Industries Vice Chairperson Mayank Singhal, and India Quotient.
This new infusion brings…
India’s luxury fashion scene is about to get a public listing makeover. Purple Style Labs (PSL), the parent company of the renowned designer platform Pernia’s Pop-Up Shop, has filed its draft red herring prospectus (DRHP) with SEBI for an IPO worth Rs 660 crore, marking a major milestone for high-end fashion in India.
The IPO Details: Fresh Equity to Fuel Growth
The proposed IPO will be…
The digital world has transformed the way we communicate. From face-to-face conversations and phone calls, today nearly every interaction happens online. But with convenience came unprecedented risks: scams have evolved beyond stealing money or data—they now impersonate trusted contacts, manipulate trust, and infiltrate conversations themselves.
Enter YAL.ai, the UAE-based startup on a mission…
India’s fintech landscape is buzzing again — and this time, it’s not a funding round or a flashy partnership making headlines. PhonePe, one of India’s biggest digital payment players, has quietly filed confidential IPO papers with SEBI, setting the stage for what could be one of the largest tech listings in India’s history.
According to reports, the Walmart-owned fintech unicorn has…
In a major boost to India’s defence-tech ecosystem, photonics and defence technology startup Olee.Space has appointed Air Vice Marshal (AVM) Rajiva Ranjan VM (Retd) as its Strategic Defence Advisor.
With over 30 years in the Indian Air Force (IAF), AVM Ranjan brings unmatched experience in fighter operations, defence technology, and integrated warfare, and will play a key role in helping…
Indian venture capital firm Chiratae Ventures, best known for backing Flipkart, FirstCry, and Lenskart in their early days, has announced the second close of its fifth fund at $150 million. The firm is now on track to raise $350 million (with a hard cap of $500 million) by the first quarter of 2026.
The new fund, named Chiratae Ventures Master Fund V under its Category II AIF Chiratae Ventures…
AI-driven rewards platform SaveSage has roped in Bhavesh Gupta, former President & COO of Paytm, as its Senior Advisor and Anchor Investor.
With a career spanning 27+ years across retail banking and lending, Gupta has held leadership roles at ICICI Bank, IDFC First Bank, Clix Capital (as founding CEO), and most recently at Paytm. His appointment marks a big moment for SaveSage, which is…
Go Digit General Insurance, one of India’s fastest-growing insurtech firms backed by Prem Watsa’s Fairfax Group, has found itself in the spotlight again. This time, the company has received a demand-cum-show cause notice from the Goods and Services Tax (GST) Authority, seeking nearly Rs 15 crore in alleged unpaid taxes, interest, and penalties.
While the headline figure might sound alarming…
