IPO Buzz Intensifies
Captain Fresh has filed confidential IPO papers with SEBI, aiming to raise ₹1,200 crore. AstroTalk is also gearing up for an IPO, appointing a CFO to streamline
the process. This indicates growing confidence in the Indian startup market, with companies looking to tap into public markets for expansion and growth.
Funding Round Updates
Artha India Ventures has successfully raised ₹432 crore for its 'Winners-Only' fund, while Cedar-IBSi Capital is nearing the final close of its ₹100 crore debut fintech fund. DOBRA secured a ₹1.5 crore seed round led by D2C Insider Super Angels Fund, showcasing consistent investor interest.
Acquisitions and Growth
EaseMyTrip made three strategic acquisitions, marking its entry into the global hospitality market. Citrus Freight is experiencing significant growth, doubling its revenue and aiming for ₹45 crore this year. These moves demonstrate the dynamic nature of the Indian business landscape, fueled by acquisitions and expansion.
Tech & Aerospace Advancements
A new AI-native VC firm, 'Boundless', has been launched by an ex-Kae Capital investor. Astrophel Aerospace has signed an MoU with IN-SPACe for cryogenic engine development. This reveals a focus on innovation within the Indian tech and aerospace sectors, highlighting the potential for future advancements.
