In order to acquire money through an initial public offering (IPO), Tata Capital, the main financial services provider for the Tata Group, has submitted draft documents to SEBI, the capital markets regulator. The IPO’s entire offer size is 47.58 crore shares, of which 21 crore will be issued as new shares and the remaining 26.58 crore will be sold by current owners.
Tata Sons and IFC to Offload Shares in IPO
In order to reduce its interest below 75%, Tata Sons intends to sell up to 23 crore shares in the offering. The sale of up to 3.58 crore shares is what the International Finance Corporation is proposing.
The price range for the Tata Sons-backed NBFC has not yet been disclosed. On a fully diluted basis, Tata Sons now holds an 88.6% ownership in the NBFC, with the remaining 7% coming from other Tata Group firms.
Utilization of IPO Proceeds: Lending and Expansion
Future capital needs of the business, including further lending, will be covered by the proceeds of the new issue. Additionally, offer expenditures will be covered by a part of the new issue’s revenues. Tata Capital is the third-largest NBFC in terms of loan book size, with an overall AUM of INR 2.27 lakh crore.
IPO Triggered by RBI Regulation for Systemically Important NBFCs
With 1,496 locations around India, it is one of the largest and most diverse NBFCs with the quickest rate of growth. Private equity, wealth management, and the distribution of third-party goods are some of its other ventures. Tata Capital has received INR 6,000 crore in capital infusions over the past six years, with INR 2,000 crore and INR 500 crore coming in FY24 and FY23, respectively. A regulatory mandate is driving the initial public offering (IPO).
Tata Capital must go public within three years after being designated as an upper-layer systemically important NBFC by the Reserve Bank of India in September 2022. This September marks the end of that deadline. The offering’s bookrunning lead managers include Citigroup Global Markets, BNP Paribas, and Kotak Mahindra Capital.
IPO Momentum in India: Tech Firms Line Up for Listings in 2025
In the first half of 2025, the IPO pace was slowed by global tensions and the tariff war that US President Donald Trump started. Because of this, in H1 2025, just two cutting-edge IT companies—ArisInfra and Ather Energy—debuted on the public market.
Nonetheless, it is anticipated that the number of IPOs will rise significantly in the second half of the year. Wakefit, Pine Labs, Curefoods, Capillary Technologies, Shadowfax, Shiprocket, and Urban Company are among the cutting-edge tech firms that have submitted their draft papers to SEBI and are currently seeking approval to begin their public offerings.
Veteran CXO brings 30+ years of global leadership to guide Truworth’s strategic growth and wellness innovation.
Truworth Wellness, a leading provider of holistic corporate wellness solutions, today announced the appointment of Khurshed Dordi to its Board of Directors. With over three decades of leadership experience across global banking, financial services, and professional consulting, Khushed Dordi’s appointment marks a significant step in Truworth’s mission to drive transformation in India’s employee well-being ecosystem.
A respected industry veteran, Khurshed has held senior leadership and board roles across renowned organizations like Deutsche Bank, ANZ Grindlays and HSBC with deep expertise in strategic finance, enterprise transformation, and leadership development. His rich understanding of organisational culture and passion for human capital make him uniquely positioned to guide Truworth Wellness through its next phase of growth. At Truworth Wellness, he will provide strategic direction on strengthening enterprise capabilities, spanning data privacy, digital engagement, and customer-centric program delivery.
“We are thrilled to welcome Khurshed Dordi to the Truworth board. His multidimensional experience will bring immense strategic value as we expand our impact and partner with organisations to create healthier, high-performing workplaces,” said Rajesh Mundra, Founder & Executive Chairman, Truworth Wellness. “Khurshed’s ability to align enterprise transformation with people-centric outcomes makes him an ideal fit for our long-term vision.”
Over the course of his career, Khurshed has led global transformation initiatives in complex regulatory environments, modernised legacy institutions, and scaled GCCs into innovation hubs. He has advised boards, CXOs, and founder-led businesses across Asia and the Middle East on leadership, risk, digital-first operating models, and long-term value creation. Khurshed’s appointment comes at a pivotal time as Truworth Wellness scales its operations and deepens its presence in India’s burgeoning Global Capability Centre (GCC) and enterprise segments. With organisations increasingly seeking outcomes-driven, preventive well-being solutions, Truworth aims to redefine the role of corporate wellness from a transactional benefit to a strategic business lever.
Commenting on his new role, Khurshed Dordi, Board Advisor, Truworth Wellness, said, “Employee well-being is no longer a ‘good-to-have’. It’s a boardroom conversation tied to culture, productivity, and long-term enterprise value and I have witnessed its impact first-hand during my time at Deutsche Bank. I’m excited to support Truworth in building a category-defining wellness platform that delivers measurable results for both employers and employees.”
Speaking on the appointment, Rohit Chohan, Co-Founder & CEO, Truworth Wellness, said, “We are thrilled to welcome Khurshed Dordi to our Board. As Truworth Wellness continues its efforts of providing holistic, tech-driven employee well-being solutions across India’s evolving workplaces, Khurshed’s experience will prove to be invaluable. He has a proven track record of leading high-impact transformations in complex global environments and modernising legacy institutions. His perspective, shaped by decades of global leadership, will be instrumental as we navigate our next phase of growth.”
Khurshed’s appointment further strengthens Truworth’s leadership at a time when the company is investing in digital innovation, personalized wellness pathways, and care navigation. His insights will help elevate Truworth’s engagement with CHROs, CXOs, and Boards, enhancing trust and alignment in delivering high-impact wellness outcomes.
As organizations across India and beyond prioritize resilient, human-centric workplaces, Truworth Wellness is committed to becoming the partner of choice in delivering holistic transformation, not just transactions.
About Truworth Wellness
Truworth Wellness, established in 2011, is India’s leading provider of corporate employee health benefits and wellness solutions. They foster a preventive wellness culture and offer end-to-end programs for diverse industries. With their technology-enabled solutions and flagship programs like Truwellness360, they engage participants through socialisation and gamification. Their cutting-edge technology platform, ‘THE WELLNESS CORNER,’ drives lifestyle changes and reduces insurance claims.
Truworth Wellness continues to lead the Corporate Workplace Wellness market with its comprehensive tech-enabled solutions and services for corporate employers and Insurance Companies. They help identify health risks within the population and manage those risks through their flagship wellness engagement platform. Additionally, Truworth Wellness offers healthbenefits fulfillment, including corporate health checks through network providers, Pharmacy benefits, Doctor Consultations, Dental Benefits, Fitness Benefits, among others.
The investment will fuel product innovation, retail expansion, and brand-building as Fraganote aims to redefine fragrance culture in India.
Fraganote Fragrances Private Limited, a modern Indian fragrance/perfumery brand, closes $1 million in a Pre-Series A funding round led by Rukam Capital. The investment marks a significant milestone in Fraganote’s journey to build India’s first globally relevant luxury perfume house and continues to strengthen Rukam Capital’s investments in its wellness and beauty portfolio.
The fresh capital raised will be used to accelerate Fraganote’s next phase of growth. This includes expanding its fragrance portfolio, introducing new scent-forward formats, and launching offline retail pilots and immersive brand experiences. A substantial portion of the investment will also go toward strengthening supply chain and fulfilment capabilities to enable pan-India distribution. Additionally, the brand will invest in integrated omnichannel touchpoints, including strategic partnerships and pop-up activations, to enhance consumer engagement and discovery.
Following the investment deal, Garima Kakkar, Co-Founder, Fraganote, said, “At Fraganote, we are building a luxury fragrance brand that is born in India but belongs everywhere. We believe India needs its own iconic perfume house, one that is modern, accessible, and built for a new generation of consumers who view brands as communities. This investment from Rukam Capital gives us the momentum to expand our fragrance universe and take our vision global.”
“Fraganote stands out for its originality, brand voice, and deep understanding of India’s evolving scent culture. We are excited to back a brand that’s not only creatively distinct but also rooted in operational discipline and long-term scalability. Fraganote has the potential to lead a premium fragrance revolution from India to the world”, asserted Archana Jahagirdar, Founder and Managing Partner, Rukam Capital.
Co-founded by Garima Kakkar and Arjun Anand, Fraganote is redefining how India discovers, experiences, and relates to fragrance. It strives to create story-rich perfumes that reflect the moods, aspirations, and evolving lifestyle of a new India. All the different concepts are developed in-house through a team of aficionados to make scents like Baked Vanilla, Drunken Cake, and Beach Holiday, which are helping the brand gain traction among younger, brand-conscious consumers. Its narrative-led, culturally attuned perfumes resonate deeply with a generation that values personal expression, sensory experiences, and aesthetic storytelling.
This investment comes at a time when India’s perfume market is on a strong growth trajectory, valued at USD 281 million in FY2024, it’s projected to reach USD 873.3 million by FY2032, growing at a CAGR of 15.23% between FY2025 and FY2032. The category is evolving rapidly, shifting from its mass-market deodorant roots to a more premium, fragrance-first space. While the category has traditionally been dominated by mass-market deodorants, rising disposable incomes, increased global exposure, and changing grooming habits have sparked a surge in demand for premium, expressive perfumes. For Gen Z and millennials, fragrance is no longer an afterthought; it’s a personal statement and a sensorial extension of identity.
The gifting segment is also emerging as a key driver, with perfumes becoming popular choices for self-gifting and celebrations. Yet, the mid-to-premium segment remains under-penetrated, leaving a large gap for culturally relevant, design-forward, and fragrance-first brands.
Fraganote is poised to capitalise on this whitespace by combining world-class product innovation with emotional resonance and youth-centric brand positioning.
About Rukam Capital
Rukam Capital is a leading Indian early-stage venture capital firm specialising in investing in consumer products and services companies. We invest in purpose-led founders who are solving hard problems at scale by creating products and companies that people love. As entrepreneurs ourselves, we understand the challenges of building a successful business and actively partner with our portfolio companies to drive innovation and growth.
The investment will be used for the development of a polished vertical slice, setting the stage for a globally competitive single-player IP from India.
Shortgun, India’s emerging Game Development Studio co-founded by the developers of Rogue Heist, announces the closure of its $1 million Seed round supported by Angel Investors and Family Office. The investment is instrumental in driving the creation of a console-grade, story-driven shooter, meticulously crafted for global competitive play. The studio plans to raise an additional $5 million in the next round to transition the project from a polished vertical slice to full-scale production.
Strategic Use of Funds
The newly raised capital will primarily support pre-production and development of the game’s Minimum Viable Product (MVP). This includes delivering a “vertical slice”, a polished, playable 5–8 minute experience that showcases the title’s unique mechanics, narrative depth, and visual direction. The funding will also enable strategic, need-based hiring to further strengthen Shortgun’s lean but high-calibre team, which operates largely out of India with a select group of international collaborators.
Recently, the studio had collaborated with Vicky Arora, an acclaimed Bollywood action director known for popular movies like URI, RRR, TANAAV, and now the most anticipated Ramayan Part. He is leading action design and choreography for the upcoming game, ensuring that combat sequences are not only technically accurate but also narratively cohesive. Shortgun’s team includes former developers from Rogue Heist, such as Ashish Beuria and Neha Hooda, with over 25% of its development talent based internationally. The studio operates with a strong player-first philosophy, prioritising high-impact design and immersive storytelling from the earliest stages of development.
Market Opportunity
India’s gaming industry is growing at a remarkable pace. Valued at USD 5.21 billion in 2024, the market is expected to quadruple to USD 22.53 billion by 2034. Investment activity has also surged, with the online gaming segment alone drawing over ₹22,931 crore (USD 2.75 billion) in domestic and foreign funding between FY20 and FY24 YTD. Analysts also forecast that the sector could unlock up to USD 63 billion in investor value by 2029, underscoring India’s potential to become one of the world’s fastest-growing gaming markets.
“This funding will allow us to go beyond prototypes and deliver a polished vertical slice that encapsulates the heart of our game,” said Vidhit Mehta, Founder of Shortgun Games. “We’re deliberately focusing on quality-first development, taking time to refine systems, narrative tone, and gameplay depth. This proof of concept will be key to attracting publishing partners and setting new benchmarks for what an Indian studio can achieve on a global stage.”
“We’re not just building another shooter game,” said Jeet Chandan, Managing Director at Shortgun Games. “Our vision is to craft a flagship IP that blends cinematic storytelling, emotional decision-making, and tight gameplay mechanics, a top-notch experience on a mid-sized studio budget. This investment allows us to take calculated risks, experiment boldly, and innovate in ways the market here hasn’t seen before. Our long-term goal is to establish Shortgun as a globally respected name from India, proving we can deliver games with both commercial appeal and artistic depth.”
“What’s interesting about this phase is the freedom to experiment,” said Ashish R. Beuria, Game Director at Shortgun Games and former developer of Rogue Heist. “We’re not just scaling up production, we’re exploring new mechanics, testing bold ideas, and shaping a player experience that feels truly different. This investment gives us the space to build a game that surprises players and challenges expectations of what an Indian-made shooter can be.”
With multiple high-profile collaborations in place, a vertical slice in development, and a global publishing push on the horizon, Shortgun is laying the foundation for India’s first genre-defining shooter franchise, a project that seeks to challenge the dominance of long-standing titles and put India on the world gaming map.
About Shortgun Games
Shortgun Games is a next-generation game development studio founded by the original creators of Rogue Heist. With a vision to build India’s first genre-defying third-person shooter (TPS) title for PC and console, the studio brings together expertise from interactive storytelling, cinematic action, and high production standards. Focused on delivering narrative-driven gameplay with international quality benchmarks, Shortgun is committed to pushing the boundaries of Indian game development. The studio is currently working on its debut title, which explores themes of identity, instinct, and transformation, crafted to resonate with global audiences while rooted in immersive design and bold storytelling.
The digital revolution in India has touched upon all aspects of business and entrepreneurship, so much so that technology has become an integral part of how human beings conduct themselves and related activities.
Insurance services in the subcontinent have, over this time, integrated their policies with technology to create unique digital products. It has paved the way for a new branch of startups called InsurTech companies.
The technological integration has helped improve various processes, like insurance agency onboarding and selling, to such an extent that these companies have been able to curate insurance policies based on the behavioral patterns of their clients.
They have grown to become a significant part of the larger fintech industry, where InsurTech companies constitute 8.18% of the $22 billion worth of capital in the fintech industry. This article examines some of the top Insurtech startups in India.
What is an Insurtech Company?
Insurtech is a mix of two words – Insurance and Technology. It means using technology like data analytics and machine learning in the insurance industry. This helps in underwriting, claims processing, and managing group insurance.
In India, insurtech companies provide digital platforms and mobile apps to buy policies and raise health insurance claims. Everything can be done online with no paperwork.
These companies are changing the old way of insurance by using new technologies to solve problems and meet customer needs.
Insurtech startups are making insurance:
Easy to access
Clear and transparent
Paperless
Customer-friendly
Fast and digital
This article looks at the top 10 insurtech companies in India in 2025 that are changing how insurance works.
The above graph shows the estimated market size of the InsurTech Industry in India in US billion dollars, with a great spike noticed in the market size from 2021 to 2025.
API-based integration, custom coverage for partners, scalable solutions
Digit Insurance
Startup Name
Digit Insurance
Founders
Kamesh Goyal, Sriram Shankar, Philip Varghese, Vijay Kumar
Founded In
2016
Headquarters
Bengaluru
Website
www.godigit.com
Insurance startups in India – Digit Insurance Website
This Bangalore-based startup provides various products like car insurance, travel insurance, house insurance, commercial vehicle insurance, shop insurance, trip insurance, fire insurance, and other small-ticket insurance. Till 2022, Digit Insurance has received more than $585.6 million through various funding rounds.
Some of the famous investors in the firm are TVS Capital Funds, Sequoia Capital India, and Wellington Management. They aim to simplify the entire process of insurance with the aim of helping even a 15-year-old kid comprehend the procedures involved. They stand out from other similar companies through their client-friendly policies.
For example, their insurance covers flight delays of 75 minutes and more, unlike the standard travel insurance that covers delays of 6 hours and more. Similarly, their “Pay as you Drive” (PAYD) facility will ensure that those who drive less will have to pay less.
Through their simple procedures and fewer T&Cs, and excellent customer service, they have earned the trust of their valuable clients, which has been fuelling their growth since the beginning.
They are the first digital general insurance in India. Launched in 2016, they have grown to cater to more than 50 million customers today. They have taken most of their operations online, reducing much of the offline paperwork.
Their journey has to be credited to their attention to detail and focus on quality over quantity. Their unique micro-insurance product called “Ola Trip Insurance,” which insured the passengers using the app, had been awarded the Golden Peacock Innovative Product. Amping up with data and tech, they further aspire to improve every aspect of insurance technology.
Top InsurTech Companies In India – PolicyBazaar Website
Catering to more than 9 million customers since its inception in 2008, they have been one of the most popular insurtech companies in the subcontinent. With an aim to reimagine insurance, Policybazaar has brought transparency into it by simplifying the entire procedure and putting an end to rampant misselling and policy breaches.
So far, they have sold more than 19 million policies by winning the trust of the people making it one of the best insurtech solutions provider in India. They aspire to bring in better coverage of health and financial policies in households in India. Reputed investing organizations like SoftBank, Temasek, Tencent Alpha Wave, PremjiInvest, etc, have invested in Policy Bazaar, vouching for its trust and quality.
Best InsurTech Companies In India – SecureNow Website
Founded by Abhishek Bondia and Kapil Mehta in 2011, they provide insurance solutions to small and medium-sized businesses. Through end-to-end InsurTech systems and a CRM software platform called PAM, they streamline various procedures, including right from issuing insurance and claiming.
They also have a mobile app for insurance services. They cater to more than 30,000 commercial establishments and settle over 1000 claims on a yearly basis.
Toffee Insurance
Startup Name
Toffee Insurance
Founders
Rohan Kumar, Nishant Jain
Founded In
2017
Headquarters
Gurgaon
Website
www.toffeeinsurance.com
Best InsurTech Company In India – Toffee Insurance
Realizing the importance of accessibility and availability of insurance, Toffee Insurance has ventured into the sector with the goal of curating insurance policies that suit the needs of its customers. They specifically focus on millennials by developing bite-sized insurance policies that cover the immediate lifestyle requirements of the fast-paced world.
They make use of the facilities offered by artificial intelligence and machine learning to make sense of behavioral and consumption data so as to provide better services to customers.
These insurance innovators further focus on transparency and fast services that will help realize their aim to create a novel world of insurance that thrives on innovative products woven to fit the client’s needs. With more than 99.1% of the claims approved, Toffee Insurance serves over 2 lack customers across more than 600 cities.
Coverfox
Startup Name
Coverfox
CEO
Sanjib Jha
Founded In
2013
Headquarters
Mumbai
Website
www.coverfox.com
Top InsurTech Companies In India – Coverfox Website
Launched in 2011, Coverfox is an InsurTech company that sells more than 360 products, including medical, automobile, bike, term, and travel insurance coverage across the subcontinent. Quickening the selling procedures, one of the major highlights of Coverfox is that they provide quotations to their customers instantly.
Further, their easy renewal, digitalized policy updates, and quick claims procedure further make the entire process hassle-free and attractive as far as the customers are concerned.
At a time when data privacy and security are greatly valued and are a matter of concern, Coverfox offers highly safe transactions and assures that the data is not sold to anybody, for that matter. They have won many accolades over the years for their commendable service over the Yeats including the best Insurtech startup award for the year 2022.
Top Insurance Startups in India – OneAssist Website
OneAssist is headquartered in Mumbai and is known to provide services related to the consumer-focused program. It has gained a good reputation in the last few years by providing coverage for data security and protection for electronics.
It has a partnership with many well-reputed firms like Amazon.com, Yes Bank, Axis Bank, etc. The primary goal of the firm is to provide a universal platform for customers to access and get their support and protection solutions from.
InsuranceDekho
Startup Name
InsuranceDekho
Founders
Ankit Agrawal · Amit Bhatia
Founded In
2016
Headquarters
Gurugram
Website
www.insurancedekho.com
Top InsurTech Companies In India – InsuranceDekho
InsuranceDekho is supported by CarDekho and is growing fast by combining both physical and digital ways to sell insurance. It is an online platform where people can compare and buy different insurance policies. They offer many types of insurance, like motor, health, and travel insurance. InsuranceDekho is popular because it is easy to use and makes buying insurance simple for customers.
Turtlemint Insurance
Startup Name
Turtlemint Insurance
Founders
Dhirendra Mahyavanshi · Anand Prabhudesai
Founded In
2015
Headquarters
Mumbai
Website
www.turtlemint.com
Top InsurTech Companies In India – Turtlemint
Turtlemint is a top insurance company in India that offers many types of insurance, like life, health, car, and bike insurance.
They also provide other financial services like loans and savings accounts. Turtlemint has a Financial Advisory Service to help you plan and reach your money goals.
The company is based in Mumbai and works in more than 20 cities in India. They offer different services to help people and families with their insurance and financial needs.
Symbo Insurance
Startup Name
Symbo Insurance
Founders
Anik Jain · Rahul Aggarwal · Abhishek Bondia
Founded In
2017
Headquarters
Mumbai
Website
www.symboinsurance.com
Top InsurTech Companies In India – Symbo Insurance
Symbo focuses on embedded insurance, which means they help retailers, direct-to-consumer brands, and online platforms offer insurance right when customers are buying something.
Symbo is a registered insurance broker and a tech company that works closely with retail and eCommerce businesses to add insurance options during the checkout process.
Their product easily fits into any brand’s sales flow, making it simple for brands to sell insurance to their customers.
Symbo has teamed up with many brands and insurance companies, and they have over 100 different product integrations.
Conclusion
The InsurTech industry in India is still at its nascent stage. With the digital community still coming to terms with the possibilities and issues with regard to technology and digitalization, it is likely that it might take some more time for the industry to boom.
However, there is no doubt about the fact that the future of the insurance industry in India is heavily anchored upon the foundations laid by technology. Despite being in its initial stages, the industry in India has thrived like no other. Companies aspire to be more client-friendly, custom-made, and paperless. How the industry has evolved over the years is indeed interesting, and it makes its future worth observing.
FAQs
How many InsurTech companies are there in India?
The total count of InsurTech companies in India is a highly debatable topic. As per the report published by Inc24, there are 300+ active InsurTech companies in India for the year 2022.
What is the difference between Insurtech and FinTech?
FinTech and InsurTech are the units of the same field. The major difference between them is that InsurTech mainly deals with insurance-related things and is on a smaller scale than FinTech which basically deals with financial-related concepts including topics like banks, financial planners, banks, etc.
How many unicorns are InsurTech?
According to the report published by Inc24, India has around 3 unicorns in the field of InsurTech named Acko, Digit Insurance, and PolicyBazaar.
How big is the InsurTech market?
The global InsurTech market was valued at USD 3.85 billion in 2021 and is estimated to reach USD 5.45 billion in 2022.
With a renewed emphasis on making it easier for big businesses to conduct business, the Securities and Exchange Board of India (SEBI) on 7 August recommended significant modifications to its related party transaction (RPT) system.
A substantial revision of materiality requirements is suggested in the capital markets regulator’s consultation paper, which could reduce compliance barriers for the country’s leading listed companies by about 60%.
Why SEBI’s Proposed RPT Changes Matter for Big Firms?
A “scale-based threshold mechanism” is outlined in the consultation document, which is open for public comment, to decide whether RPTs are deemed material and need to be presented to shareholders for approval. For any RPT above INR 1,000 crore, or 10% of their yearly consolidated turnover, whichever is less, listed businesses are currently required to obtain shareholder approval.
SEBI pointed out that this was burdensome for listed organisations with high turnover because it made big businesses designate a lot of large transactions that weren’t really significant as material, which resulted in a lot of paperwork.
How the New Scale-Based Threshold System Works
SEBI has suggested using a scale-based method in place of the “one-size-fits-all” strategy in order to address this. 10% of yearly consolidated turnover is still the barrier for businesses with a turnover of up to INR 20,000 crore. The barrier, however, is INR 2,000 crore + 5% of turnover exceeding INR 20,000 crore for enterprises with a turnover of INR 20,001–40,000 crore.
Additionally, a threshold of INR 3,000 crore + 2.5% of turnover beyond INR 40,000 crore, up to a maximum of INR 5,000 crore, applies to enterprises with a turnover of more than INR 40,000 crore.
According to SEBI, the scale-based threshold approach would guarantee that the threshold for materiality rises in tandem with the company’s turnover, resulting in a suitable number of related party transactions being classified as material and lowering the burden of compliance for listed entities.
Impact: 60% Reduction in Material RPT Approvals
When SEBI tested the new limits using recent data, it discovered that there were almost 60% fewer substantial RPTs that needed shareholder approval. SEBI addressed subsidiary transactions as well, suggesting that transactions exceeding INR 1 crore need audit committee clearance if they surpass either the new scale-based threshold for the parent company or 10% of the subsidiary’s turnover, “whichever is lower”.
What This Means for Listed Companies and Subsidiaries
10% of net worth or the parent company’s criteria would be used as a comparator for subsidiaries without full-year financials.” Noting that the INR 1 crore exemption from full disclosure requirements is a “minuscule amount for listed entities having high turnover,” Sebi suggested that smaller RPTs only have to give the Audit Committee or shareholders the bare minimum of information, up to 1% of turnover or INR 10 crore, whichever is less.
SEBI Consultation Paper: Key Dates and Deadlines
The consultation document aims to formally state that omnibus RPTs passed at an AGM will remain in effect for a maximum of 15 months, until the next AGM. The approval is good for another year for other shareholder meetings. It was suggested that directors or other key management staff of a listed company or its subsidiary (or their family members) would be the only ones eligible for exemptions from retail purchases.
Additionally, it made clear that listed holding companies are the only ones eligible for exemptions from transactions between holding companies and subsidiaries. SEBI has set a deadline of August 25, 2025, for public feedback on these suggestions. The difficulty, according to legal experts, will be striking a balance between efficiency and adequate rigour, making sure that the compliance reset doesn’t weaken minority rights or create new opportunities for related party dealings to be opaque.
Prozo, the tech-enabled full-stack supply chain platform powering India’s fastest-growing brands, has announced an investment from actor and entrepreneur Ranbir Kapoor. Known for his sharp business instincts and long-term involvement in ventures like ARKS and Mumbai City FC, Kapoor’s entry highlights the importance of scalable backend infrastructure in the consumer economy.
Prozo integrates warehousing, freight, and fulfilment under a single tech platform, with proprietary tools like ProWMS, ProShip, and the Control Tower. These enable unified, SLA-driven operations across B2B, D2C, and marketplace channels with real-time visibility.
“Every brand today needs speed, consistency and adaptability,” said Ranbir Kapoor. “Prozo’s systems give brands that edge. I’ve seen how great execution builds trust, and Prozo is enabling that behind the scenes.”
Dr. Ashvini Jakhar, Prozo’s Founder & CEO and a former Naval doctor and McKinsey consultant, added: “Ranbir brings creative depth and strategic thinking. His belief in reliable operations mirrors our ethos, and we’re excited to build with his support.”
Prozo offers an integrated supply chain platform that combines warehousing, freight and fulfilment with its proprietary technology stack. Its warehouse management system (WMS), transport management system (TMS), and real-time control tower give brands visibility and control across all sales channels, whether B2B, D2C or marketplace.
Prozo currently powers over 150 brands—including The Minimalist, Neemans, Comet, Beardo, Snitch, Traya, Powerlook, and PhonePe—across 42 tech-enabled warehouses covering 2.2 million sq. ft. and reaching 24,000+ pin codes. The company has achieved an annual revenue run-rate of ₹250 crore and raised $20 million from Sixth Sense Ventures and JAFCO Asia.
Looking ahead, Prozo aims to expand its warehousing network into new cities, double down on automation and predictive analytics, and provide fulfilment solutions tailored for MSMEs and quick commerce brands. The company is also enhancing its Same-Day and Next-Day Delivery (SDD & NDD) capabilities to meet the high-speed needs of modern consumers.
About Prozo
Prozo is a full-stack supply chain company that helps omnichannel brands achieve fast and reliable fulfilment. Backed by a pan-India warehousing and logistics network and its proprietary Control Tower tech stack, Prozo offers enterprise-grade capabilities on a flexible, pay-per-use model.
Google’s ‘Big Sleep’ is wide awake and hunting bugs. The AI-powered vulnerability researcher Big Sleep identified 20 issues across several open-source software. Heather Adkins, Google’s vice president of security, posts it on ‘X’ to announce the news to the world. You might wonder what’s so substantial about finding these bugs; every company does that. Well, it’s the AI that detected the problems, the same AI that we’ve always been skeptical about. And sure, the question will remain the same, plus some others too. Will this shift in relying on AI just be an aid, or another move to replace humans?
What Did Big Sleep Find?
Big Sleep is a collaborative effort between the company’s DeepMind (AI department) and Project Zero (Google’s well-known hacking team). The tool identified its first vulnerabilities in the FFmpeg audio and video library and the ImageMagick image-editing suite. That said, Google did not reveal many details about the issues found. Needless to say, they are working on the problems, and their policies keep them concealed from public scrutiny.
Recently, XBOW was in the news for hitting number one at HackerOne (a bug bounty platform connecting organizations and hackers). Such big names, be it XBOW or Big Sleep, had human intervention where required. It goes without saying that having a human on the task is a must, and that idea is non-negotiable.
What does Google say about replacing humans?
A Google spokesperson argued against the notion of replacing humans and said, “This is not about replacing human security researchers, but about augmenting their capabilities. Our AI bug hunter can perform thousands of tests in the time it takes a human to run a few. This allows our security teams to focus on the more intricate and strategic aspects of cybersecurity, while the AI handles the repetitive and time-consuming work.”
Heather Adkins posted, “Today as part of our commitment to transparency in this space, we are proud to announce that we have reported the first 20 vulnerabilities discovered using our AI-based “Big Sleep” system powered by Gemini.”
Conclusion:
There is no replacing humans today or ever. AI technology like Big Sleep is meant to help companies work faster and protect users’ online security. Although there’s still a lot of work to improve the technology, humans will continue to interpret the data.
The only mobility-tech startup in the cohort, Nawgati, gears up to refine its AI-driven app solutions with Google’s mentorship.
Nawgati, India’s pioneering fuel-tech platform, has been selected to join the prestigious Google for Startups Accelerator: Apps program. As one of only 20 startups chosen from across India, Nawgati is proud to represent the mobility and fuel-tech sector in this exclusive cohort focused on AI-driven app innovations.
This recognition marks a significant milestone in Nawgati’s journey to transform the refuelling experience for millions of everyday commuters. As the only mobility-focused app in the cohort, Nawgati’s inclusion signals the growing importance of consumer-first, real-time digital solutions in India’s transportation ecosystem.
Over the next three months, Nawgati will receive dedicated mentorship and support from Google’s global teams specialising in AI, product development, user experience (UX), business growth, and leadership strategy. This collaboration will help Nawgati refine and scale its app, which is already being used by thousands of drivers and two-wheeler riders across the country.
“We’re honoured to be part of the Google for Startups Accelerator: Apps program. This opportunity will not only accelerate our technological evolution but also sharpen our ability to create value for fuel station owners, fleet operators, and everyday consumers. As India continues to push toward a smarter and more connected mobility infrastructure, this recognition comes at a perfect time,”said Mr. Vaibhav Kaushik, CEO and Co-founder of Nawgati.
Nawgati’s app empowers users with real-time data for fuel stations, discovery, and route-based recommendations, making fueling more predictable and efficient. By integrating AI into its core, the app helps users make better decisions on the go, reducing wait times and eliminating the guesswork from daily commutes.
Backed by marquee institutions such as GAIL (India) Ltd., MeitY Startup Hub (MSH), Department of Science and Technology (DST), All in Capital, Ajay Upadhyaya, and Deepak Bhagnani Family office, Nawgati has continually demonstrated its commitment to innovation in India’s mobility landscape. The selection by Google further reinforces Nawgati’s growing relevance and impact in the fuel-tech domain.
About Nawgati
Nawgati is India’s first fuel-tech platform, providing technology-driven solutions to optimise fuel station operations, improve fleet management, and enhance the refuelling experience with India’s largest fuelling app. Collaborating with major fuel companies and fleet operators, Nawgati enables smart, seamless, and efficient refuelling across the country and beyond.
The foodtech giant Swiggy has launched DeskEats, a new product created especially to serve Indian working people. According to a statement from the company, the offering is currently accessible in over 7,000 tech parks, business centres, and corporate complexes spread across 30 cities, including Delhi, Mumbai, Bengaluru, Chennai, Gurugram, Pune, and Kolkata.
DeskEats: Swiggy’s New Offering for Office-Goers
According to Swiggy, DeskEats offers about 7 lakh menu options from over 2 lakh establishments. Entering “office” or “work” in the Swiggy app will activate the feature. Value combos, stress munchies, deadline desserts, sip-tastic fuel, one-handed grabbies, healthy nibbles, and teamwork bites are just a few of the carefully curated collections that make up DeskEats.
How DeskEats Works: Smart Menus for the Workday
Each category is made to cater to a particular workday situation, such as a quick snack in between meetings or a solo desk lunch. According to the company’s statement, DeskEats is designed to satisfy the changing demands of customers looking for a convenient meal delivery service that they can enjoy at their desks throughout the workday.
Corporate Rewards Program Gains Momentum
Three months have passed since Swiggy’s Corporate Rewards program was introduced, which enables businesses to provide carefully chosen Swiggy perks to their staff as part of wellness campaigns or workplace incentives. According to Swiggy, the initiative has received excellent feedback from 14,000 businesses and 1.5 lakh workers.
According to Deepak Maloo, vice president of Swiggy’s food strategy, customer experience, and new projects, corporate professionals today are more time-constrained and have more options than ever before. Swiggy has rethought how meal delivery fits into a hectic, high-achieving workplace with the introduction of DeskEats.
Zomato for Enterprise: The Rival Response
Zomato, Swiggy’s rival, introduced Zomato for Enterprise (ZFE) last year to accommodate business-related orders from corporate staff in response to the needs of working professionals. The goal of Zomato’s service is to make managing food expenses easier for businesses and their staff.
Swiggy Expands Beyond Food with New Apps Like Crew and Pyng
Swiggy is now launching a lot of new products, and they’re not just food delivery services. In June, the foodtech major introduced a concierge service for travel and lifestyle via a brand-new app named “Crew.” Crew is a customised concierge app made to help customers with a variety of routine and unique chores.
Pyng, Swiggy’s professional services marketplace app, was also released earlier this year. Swiggy Genie, the company’s delivery service, has been paused while it aggressively tests out new offerings. Swiggy released its financial results for the first quarter of the fiscal year 2025–2026 (Q1 FY26) last week. As it kept making investments to grow its rapid commerce activities, the company’s deficit increased in the first quarter. In the June quarter, the company’s net loss increased by 96% to INR 1,197 Cr from INR 611 Cr in the same period last year.
The company’s loss increased by 11% from INR 1,081 Cr on a sequential basis. On the other hand, Swiggy’s top line grew significantly. In Q1 FY26, operating revenue increased 54% to INR 4,961 Cr from INR 3,222 Cr in the same quarter last year. This represented a 12% rise over INR 4,410 Cr on a QoQ basis. Although Instamart’s loss during the reviewed quarter nearly tripled to INR 797 Cr from INR 280 Cr a year earlier, the rise was only 3.3% sequentially from INR 771 Cr.
