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…
Bengaluru-based OnFinance AI, a startup developing artificial intelligence solutions for the banking, financial services, and insurance (BFSI) sector, has raised $4.2 million (around INR 37 crore) in a pre-Series A funding round. The round was led by Peak XV’s Surge and saw participation from prominent investors including Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber…
From Stagnation to a Stunning Comeback
After a dull FY24, Oziva, the nutrition and wellness brand now owned by Hindustan Unilever (HUL), has pulled off a dramatic turnaround. The company reported a 2.5X jump in revenue and managed to slash its losses by a staggering 90% in FY25.
According to filings with the Registrar of Companies (RoC), Oziva’s operating revenue climbed to Rs 258 crore in FY25…
From Flat Growth to a Turnaround
After a stagnant FY24, Gurugram-based edtech platform Coding Ninjas has staged a strong comeback in FY25. Backed by Info Edge (parent of Naukri.com), the company clocked Rs 67 crore in revenue, marking a 26.4% year-on-year growth. Even more encouraging, its losses shrank by 41.2%, dropping from Rs 51 crore in FY24 to Rs 30 crore in FY25.
While the numbers suggest a…
Bengaluru-based wearable tech startup Ultrahuman has had a blockbuster year. After growing its revenue more than 15X between FY22 and FY24, the company has pulled off yet another leap — reporting a 5X year-on-year surge in FY25.
For the fiscal year ending March 2025, Ultrahuman’s revenue from operations soared to Rs 565 crore (up from Rs 105 crore in FY24), while net profit touched Rs 73…
In a startup world where losses often run into the hundreds of crores, one Indian fintech is rewriting the rules. Wealthtech startup Jar has just claimed something most startups only dream of: profitability.
Yes, you read that right. The Bengaluru-based company has turned profitable in the first two quarters of 2025 (Q4 FY25 and Q1 FY26), riding on the back of rapid user growth and a disciplined…
India’s space-tech dreams just got a major boost. Bengaluru-based deeptech startup SpaceFields has raised $5 million (around Rs 42 crore) in a pre-Series A funding round, with big names like Globaz Technologies, Rockstud Capital, and Venture Catalysts leading the charge.
The round also saw participation from some of the country’s most active backers, including Nithin Kamath’s Rainmatter…
In a surprise move that’s creating buzz in India’s fintech circles, BharatPe has recorded its first secondary share sale since 2021. A group of Gujarat-based family offices has snapped up a 2.6% stake in the company, valuing the transaction at around Rs 179 crore.
This deal marks a rare liquidity event for the New Delhi-headquartered fintech, which has been busy restructuring after messy…
EVamp Technologies Raises Rs 7 Crore to Scale Charger Manufacturing and Expand Mobilane Network
The race to power India’s electric vehicle (EV) revolution just got a major boost. EVamp Technologies, the company behind the Mobilane EV charging network, has raised Rs 7 crore in its first round of funding.
With this fresh capital, the startup plans to expand its nationwide EV charging…
API Holdings, the parent company of online pharmacy unicorn PharmEasy, is turning once again to debt markets to manage its obligations. The company announced that it will raise Rs 1,700 crore ($193 million) through redeemable non-convertible debentures (NCDs), pledging the shares of its listed subsidiary Thyrocare Technologies to secure the deal.
The proceeds from this fresh round of borrowing…
