OYO Parent PRISM Receives SEBI Approval for IPO
PRISM, the holding company behind OYO, has secured SEBI approval to proceed with an initial public offering. The filing, first made confidentially in December 2025, seeks to raise up to ₹6,650 crore (about $800 million) and could value the business at $7‑8 billion. A slate of global banks, including Goldman Sachs and Citi, have been appointed as book‑running lead managers. The company is now preparing an updated prospectus while evaluating market conditions for a potential listing.
Exclusive: D2C Fashion Brand Zouk to Raise Fresh Funds in Pre-Series C Round
Mumbai‑based D2C fashion accessories brand Zouk is raising roughly Rs 60 crore ($6.3 million) in a pre‑Series C round. Existing backers Aavishkaar Capital and Stellaris Venture Partners lead the round, each committing Rs 25 crore, with Sharrp Ventures and founder Mihir Gadani filling the balance. The company...
Decoding Scapia’s Series C: Valuation Jumps 3X, General Catalyst Acquires 9.2% Stake
Scapia, the Bengaluru travel‑fintech startup, closed a $63 million Series C round led by General Catalyst, bringing total funding to about $135 million. The round lifted its post‑money valuation to roughly $539 million, more than three times the $165 million valuation after its $40 million Series B....
Plum Insurance Launches Rs 15 Cr ESOP Buyback for Current and Former Employees
Plum Insurance, the Bengaluru‑based employee health benefits platform, announced a Rs 15 crore (~$1.8 million) ESOP buyback covering 199 current and former staff. Participants can liquidate up to 25% of vested options, with 17 employees slated to receive payouts exceeding Rs 20 lakh (~$24 k). The...
Skyroot's Provisional FY26 Financials Show Rs 101 Cr Revenue; Projects Rs 13,205 Cr by FY32
Hyderabad‑based Skyroot Aerospace reported its first operating revenue of Rs 100.6 crore (≈$12 million) for FY26, generated entirely from its Space Systems division. The company, which became India’s first spacetech unicorn after a $60 million funding round, posted a widened negative EBITDA of Rs 130.3 crore....
Healthcare Startup MediElaj Raises Pre-Seed Round
MediElaj, a Gurugram‑based health‑tech startup, announced a $100,000 friends‑and‑family pre‑seed round while its founders have already bootstrapped roughly $500,000 into its AI‑driven diagnostic platform and smart kiosk infrastructure. The integrated app and kiosk aim to deliver early, non‑invasive health screening...
Antler India Leads $1 Mn Pre-Seed Round in Wealthtech Platform Rovia
Rovia, a Bengaluru‑based wealth platform for equity‑compensation employees, secured a $1 million pre‑seed round led by Antler India, with participation from CDM Capital, AC Ventures, Operators Studio and angels in the US and India. The capital will expand engineering, product, brokerage integrations...
Simple Energy Raises Rs 250 Cr in Debt and Equity Round Ahead of IPO Plans
Simple Energy, the Bengaluru‑based electric two‑wheelers maker, secured a Rs 250 crore ($30 million) debt‑equity round led by the family office of Thyrocare founder Arokiaswamy Velumani, with additional debt from HDFC Bank and other NBFCs. The capital will fund a rapid scale‑up of production...
Ola Electric EV Two-Wheeler Registrations Jump 22% in May; Bajaj Closes in on TVS
India’s electric two‑wheeler market rebounded in May, posting an 8% month‑on‑month rise to 170,000 registrations. Ola Electric led the surge with a 23% jump to 15,139 units, while Bajaj Auto grew 13% to 39,104 units, narrowing the gap with market...
Exclusive: Renee Cosmetics Clocks Rs 440 Cr Revenue in FY26; Cuts Losses by 45%
Renee Cosmetics posted FY26 revenue of ₹440 crore (≈$53 million), a 37% year‑on‑year increase driven by offline retail, quick‑commerce channels and new color‑cosmetics and skincare launches. The company cut its EBITDA loss to ₹36 crore (≈$4.3 million), a 45% reduction from the prior year,...
Exclusive: Oxyzo Records Rs 1,494 Cr Revenue and Rs 375 Cr PAT in FY26
Oxyzo Financial Services, the SME‑focused NBFC, posted FY26 operating revenue of Rs 1,494 crore (≈$180 million), a 23% increase from the prior year, and PAT of Rs 375 crore (≈$45 million), up 10%. Assets under management grew 28% to Rs 11,822 crore (≈$1.4 billion) and its loan book reached...
Exclusive: Anveshan Raises Rs 121 Cr From Vertex Ventures, IFC, Titan Capital, Aman Gupta, and Others
Indian D2C food brand Anveshan secured a Rs 121 crore ($12.7 million) Series B round, led by Vertex Ventures with participation from IFC, Titan Capital, Wipro Enterprises and angel investors such as boAt co‑founders and Swiggy’s Sri Harsha Majety. The...
C2i Semiconductors Extends Series A Round to $16.7 Mn with Backing From TDK Ventures
Indian semiconductor startup C2i Semiconductors extended its Series A round to $16.7 million, with TDK Ventures participating again after the initial $15 million tranche led by Peak XV Partners. The additional capital will fund expansion of operations and accelerate development of its power‑management platform...
Transition VC Leads Seed Round in ZeroDrag
ZeroDrag, a Nagpur‑based UAV avionics startup, secured Rs 6.5 crore (~$785,000) in seed funding led by Transition VC. The round follows a Rs 1.2 crore pre‑seed in 2023 and will fund R&D, manufacturing scale‑up, and supply‑chain upgrades for its autopilot and sensor modules. The capital...
Kissht Crosses Rs 600 Cr Revenue in Q4 FY26; Profit Jumps 52%
Kissht, the Mumbai‑based digital lending platform, posted Q4 FY26 operating revenue of Rs 619 crore (≈$75 million), a 68% year‑on‑year increase, pushing total quarter revenue over the Rs 600 crore threshold. Net profit climbed 52% to Rs 82 crore (≈$10 million), while full‑year revenue rose 63% to Rs 2,179 crore...