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  • Meta Levels Up Indian Gaming with New Accelerator and VC Backing

    The game industry in India is expanding quickly, and Mark Zuckerberg’s company Meta is interested in joining.

    The multibillion-dollar software company, in collaboration with four top venture capital funds—Bitkraft Ventures, Kalaari Capital, Lumikai Fund, and Elevation Capital—launched Meta Gaming Accelerator earlier this week, an incubator designed to assist small and medium gaming companies.

    The goal is to first assist 20 to 30 up-and-coming Indian creators and studios by providing them with strategic direction in the areas of AI-led game creation, cross-border scaling, user acquisition, and monetisation.

    Arun Srinivas, Managing Director and Head, Meta (India), stated that although the Indian gaming community is a hive of creativity and invention, “we must close the gap between talent and opportunity in order to realise its full potential.”

    Meta to Assist Creator in Infusing AI Tools

    Additionally, Meta will prioritise assisting Indian creators in incorporating its AI tools—such as Llama—into their game development and optimisation procedures.

    According to Anuj Tandon, Partner at BITKRAFT Ventures, there is a significant need for the ecosystem to unite and support small and medium-sized gaming businesses in developing gaming markets like India.

    Given that gaming is a potent catalyst for both cultural expression and commercial opportunity, Meta claims that its Gaming Accelerator expands on the company’s ongoing investments in fostering and expanding India’s digital economy.

    The goal of Meta’s Gaming Accelerator programme is to assist up-and-coming game studios and developers. It will give them the tools they need to expand internationally, improve their games, and build their businesses. 

    The programme includes a variety of features, including ad monetisation and platform integration (Meta Ads, Audience Network), player acquisition and campaign optimisation strategies, and Llama and AI seminars for game design, personalisation, and storytelling.

    India Second Largest Market for Gaming

    India has the largest mobile gaming market and the second-largest gaming market overall. With 520 million users—second only to China—and 1,888 gaming startups, the nation is home to more than 130,000 highly qualified gaming specialists.

    It is responsible for 15.1% of gaming app downloads and 20% of all gaming users worldwide. But because of inexpensive internet, India has solidified its position as the world’s largest mobile game market, with 8.45 billion downloads in FY25, according to the most recent report from Sensor Tower.

    India is one of the biggest gaming markets, but it has poor revenue due to a number of structural problems of its own. These include insufficient cultural validation, a fragmented consumer base, minimal monetisation per user, and a lack of deep capital for gaming intellectual property.

    For instance, in-app purchase (IAP) revenue in India is only a little over $400 million, which is low when compared to more developed economies, even though downloads are still high there.

  • Adani Airports Secures $1 Billion Liftoff for Expansion Plans

    For its Mumbai International Airport Ltd. (MIAL), Adani Airports Holdings Limited (AAHL) was able to obtain $1 billion in funding through a project finance framework.

    AAHL is the biggest private airport operator in India and a fully owned subsidiary of Adani Enterprises Ltd. Adani Airport Holdings is the parent company of MIAL.

     According to the statement, a group of long-term backers and affiliates of Apollo-managed funds contributed $750 million to Mumbai International Airport Ltd. Adani claims that the $750 million notes that mature in July 2029 will be issued as part of the deal and used for refinancing.

    A provision to raise an extra $250 million is also included in the financing structure, making a total of $1 billion in funding possible. According to reports, this is the first private bond offering in the airport infrastructure sector in India to receive an investment-grade (IG) rating.

    Apollo-Managed Funds Lead the Round

    The deal, which was spearheaded by Apollo-managed funds and involved a syndicate of top institutional investors and insurance firms, including Standard Chartered and BlackRock-managed funds, demonstrated international trust in India’s infrastructure potential and Adani Airports’ operational framework.

    The notes are anticipated to be rated BBB-/stable, supported by MIAL’s steady cash flows and asset base, as well as its operational efficiency. By continuing to invest in modernisation, capacity growth, digitalisation, and technology integration, AAHL is steadfast in its long-term goal of revolutionising the airport’s infrastructure.

    Additionally, by accelerating its sustainability programme, the deal will help MIAL reach its 2029 net-zero emissions target. This issue comes after AAHL received $750 million in funding from a group of international banks.

    This most recent deal is further evidence of Adani’s capacity to draw top-tier investors to India’s next-generation infrastructure platform and its access to diverse international finance markets.

    Investors Showing Great Confidence in AAHL-Bansal

    According to Arun Bansal, CEO of Adani Airports Holdings Ltd., this successful issue demonstrates the resilience of Mumbai International Airport’s foundation, the robustness of Adani Airports’ operating platform, and AAHL’s dedication to sustainable infrastructure development.

    He went on to say that the company is pleased to expand its access to international capital pools with the help of Apollo-managed funds and top institutional investors. AAHL’s ability to get one of the biggest private investment-grade project finance issuances, he added, shows its dedication to long-term value development, capital efficiency, and financial discipline.

    The investors were advised by Milbank LLP and Khaitan & Co., while MIAL was represented by A&O, Shearman, and Cyril Amarchand Mangaldas. In addition to managing the Navi Mumbai International Airport, a strategically placed project on the outskirts of Mumbai that is soon to open, Adani Airport Holdings already runs eight airports around India.

  • Government Weighs Relief Plan for Vi’s INR 84,000 Cr Debt Woes

    Due to concerns that the telecom operator would fail without executive latitude, the Centre, which already owns the largest equity in Vodafone Idea (Vi) through the conversion of previous receivables into stock, is considering a number of options to give the telco additional relief on outstanding regulatory dues of INR 84,000 crore.

    A media report cited that raising the repayment period from the current six years to 20 years and concurrently implementing simple interest on the outstanding balance rather than compound interest or interest on interest are two options on the table to address adjusted gross revenue (AGR)-related dues.

    Its annual payment load may decrease considerably if such terms are applicable to Vi; nonetheless, some are doubting if the telco’s current cash flows are adequate to meet even the most lenient repayment covenants.

    The report further revealed that a second possibility is to charge a nominal sum of INR 1,000–1,500 crore per year to partially cover such obligations while a resolution is made on the larger AGR issue.

    Several Other Options are Being Discussed

    According to a number of media reports, in addition to these two solutions, several other innovative ideas are also being investigated, and any one or a combination of options may provide relief.

    The government wants to keep the business open. According to a media report, something new needs to be created because the known or current options—like waiving the interest and penalties—are not working.

    However, whichever choice is chosen, it would be viable from a legal standpoint. As of March 2025, Vi owed INR 83,400 crore in unpaid AGR dues; the annual payment instalments for this amount are due beginning in March 2026 and must be made by March FY31.

    Currently, by March of this fiscal year, the losing telecom company must pay INR 18,064 crore. The government is concerned that the corporation won’t be able to survive without any respite on the AGR dues, as its cash and bank balance at the end of March amounted to INR 9,930 crore.

    Financial Hurdles of Vi

    As a result of the Supreme Court’s 2021 AGR verdict, telecom companies like Vi and Bharti Airtel currently pay between 29 and 30% compound interest on their existing debts each year.

    The total outlay and accumulation for the upcoming years would be decreased if the same were converted into simple interest of 8–10%. A media report claims that if the decision is carried out prospectively, Vi can save more than INR 16,000 crore in interest costs following the conversion.

    If the judgement is applied retroactively, the savings will be even greater. For instance, until 2031, Vi is required to pay INR 18,064 crore by March 31 of each year. However, the annual instalment would be almost INR 15,000 crore if the interest were converted to a basic interest of 8–10%.

    The report went on to say that the payments might be prolonged to 20 years because the company’s cash flows will not allow it to pay even that sum. The annual outlay could be less in such a scenario.

    According to the government’s scenario-building for Vi, the firm would go bankrupt in FY27 if it is forced to pay the entire INR 18,064 crore instalment that is due by the end of FY26.

  • How to Start a Courier Business in India: Step-by-Step Guide to Open a Courier Service or Franchise in 2025

    In recent years, the courier business in India has witnessed a significant boom, driven by the growth of e-commerce and increased demand for online shopping. With the rapid expansion of the market, starting a courier business in India can be a lucrative opportunity for aspiring entrepreneurs.

    However, launching a courier business in India requires careful planning, research, and execution. From obtaining necessary licenses and permits to acquiring the right equipment and hiring reliable staff, there are several key steps to consider when starting a courier business in India.

    This blog post discusses everything you need to know about the courier business and how to start a courier business. It also addresses concepts like proof of delivery and the challenges of sending food items through couriers. With an annual development rate of 25%, the courier industry is estimated to be around INR 4000 crore. There are about 2300 courier companies in India at present.

    The courier business is about supplying goods from one locale to another in exchange for payment. A courier company delivers messages, packages, and mail. Parameters like speed, security, tracking service, and specialization decide a courier company’s popularity and influence.

    How to Start a Courier Business?
    Steps To Start A Courier Business In India
    1. Initial Planning
    2. Fulfill With Business Counsel
    3. Assemble the Essential Appliance
    4. Total Expenditure
    5. What to Charge?
    6. Marketing Your Courier Service Business
    7. Franchising Option
    8. Build a Courier Tracking App

    Importance of Giving Proof of Delivery
    Challenges Of Delivering Food Commodities via Courier Aid

    How to Start a Courier Business?

    Commencing a courier company as a career path is lucrative, but it requires investment and preparation. How are you going to secure the delivery, what are the different modes of transportation you’ll provide to customers, and what’s the refund scheme? With the right arrangements and effort, you can take your courier company to the next level.

    How to open courier office
    Market Size of the Indian Courier Business

    The graph illustrates the projected growth of the Indian courier, express, and parcel (CEP) market between 2024 and 2033. India’s Courier, Express, and Parcel (CEP) market was valued at USD 14,924.4 million in 2024. According to the IMARC Group, the market is projected to grow at a CAGR of 10.8% from 2025 to 2033, reaching USD 37,416.4 million by 2033.

    Steps To Start A Courier Business In India

    Starting a courier business requires careful planning and consideration of various factors such as target market, competition, pricing, and more. Here are some key steps to consider when starting a courier business:

    Steps To Start A Courier Business In India
    Steps To Start A Courier Business In India

    1. Initial Planning

    Initial planning is a crucial aspect of a courier service in India. Decide your assistance area and the types of luggage you’ll accept. Finalize the different sections of the staff you’ll employ: customer service representatives, delivery boys, logistics helpers, accountants, legal aid, etc. What sort of packages your firm decides to transmit depends on your reserves. If you’re depending on a bicycle, you may need to restrict the courier services to miniature containers and envelopes.

    If you have access to huge automobiles like pick-up trucks and vans, be prepared to make wealth through enormous deliveries. Keep in mind that laws are applicable to certain types of cartons. For example, medical welfare and industrial chemicals have certain handling procedures and care ordinances.

    The next factor to consider is whether you will be operating inter-state, intra-state, or both. While automobiles allow you to undertake road-based deliveries, do you have any other alternative in mind? What happens when the highways are closed? If you have the money and resources to engage transportation mechanisms like railways, airways, and shipping, then be ready with backup plans. It’s good to have a number of alternatives at hand. Do you expect the transmission of parcels across geographies? What are you going to do when your courier business is dry on capital? These are some additional questions you need to answer.

    A particular courier business may be easier to govern as coast-to-shore liberation can be valuable, and you would be dealing with vast corporations. Spend some time figuring out how distant your labor range can be before taking action.


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    2. Fulfill With Business Counsel

    Unless you have extensive knowledge about a specific business, it’s uncertain that you’ll be able to organize all the facets of a related enterprise alone. It’s preferred to include a mixture of consultants to ascertain the phases of your courier business. Discuss the business with an attorney who is aware of the messenger service industry and will notify you of the consequences. These include regional zoning constitutions, which are particularly crucial if you operate the industry from your residence.

    Ask an accountant to instruct you on how to protect your business documents, tariff filings, the adepts and hoaxes of workers versus autonomous contractors, and arrange an analysis policy. You will crave to comprehend how buyers can reimburse and what sort of credit cards, reviews, and other expenditure choices are acceptable.

    Confer an insurance specialist to urge you to collect reasonable business security for your department. Business security is more than just marketable vehicle coverage, cargo insurance, and employee compensation insurance. If desired, add health insurance as well.


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    3. Assemble the Essential Appliance

    Spend some time arranging the appliances/resources as you stride through the introductory phase of beginning your company. Decide on the automobiles you’ll employ. If you’re only transmitting messages or small packets, contemplate using motorcycles or small cars. If you’re transferring enormous commodities, you may need to use large baggage trucks.

    You may need to procure a business loan to incur the expense of procuring delivery vehicles. Cellphones, clipboards, graphs, and GPS networks are vital for the courier business. If you want your employees to wear uniforms, that’s another factor you need to consider.

    You’ll also need to spend money on marketing mechanisms. In the beginning, it’s imperative to build brand awareness among people about your courier company. Some marketing requirements include having a website, contact mechanism, and social media presence.

    Above all, you need to have one or more warehouses to stock the inventory and to handle intermediate requirements.


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    4. Total Expenditure

    Consider monthly payments. Spend some time totaling what your monthly costs can be. This data can be useful down the road when agreeing on how many customers you can acquire.

    For a courier business, your major monthly outlay will be vehicle insurance, cargo insurance, and energy. There may be unique expenses considering your subjective courier business plan. Prepare a list of probable payments you may confront each month to enable you to calculate your entire monthly cost.

    Evaluate items like earnings, transactions, and publicity utilities to get a clearer picture of everything that falls under expenses.


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    5. What to Charge?

    Decide how much to charge after contemplating your monthly expenses and other characteristics. Expend some time revising the rates you will indict as a firm. Considering your locale to be in an enormous municipal region, you will have to indict more to give rise to revenue.

    You should analyze your competitors to get an impression of regular taxes. You should also research your victim market. If you announce the service of transmitting equipment and groceries in a university town, your taxes may differ from that incurred when supplying the same in an upscale area.

    If you are providing expensive heirlooms and tall hierarchy items in a prosperous suburb, you can charge more. With the benefit of an accountant, see what you need to charge to generate sufficient revenue.

    Once your courier company’s name has been established, you can tweak rates and prices to reap additional wealth. If you want help with managing business operations, you may want to enroll a specialist.

    6. Marketing Your Courier Service Business

    Effective marketing plays a vital role in attracting customers. Key strategies include building a strong online presence with a professional website and active social media engagement, using SEO, content marketing, and paid ads to boost visibility, and forming partnerships with local businesses and online retailers to expand reach.

    7. Franchising Option

    Franchising can be an excellent option for starting a courier business, especially if you’re new to the industry or prefer to have the support and guidance of an established brand. When you invest in a courier franchise or courier agency, you’re essentially purchasing a proven business model that has already been tested and refined by the franchisor. You can look out for the Best Courier & Delivery Franchise Businesses in India.

    8. Build a Courier Tracking App

    Contact a software development company to create a courier tracking app designed for customer convenience. This app will eliminate vague delivery estimates by providing precise delivery timings for each parcel. It will also offer customers real-time parcel tracking and updates for a seamless experience.

    Importance of Giving Proof of Delivery

    Loyal customers are the key to a successful business. To sustain them, it is vital to offer good service. Sellers must make sure that the parcel reaches the exact person. Proof of delivery (POD) is an acknowledgment that the consignee has obtained the parcel. Providing proof of delivery (POD) is a critical aspect of the courier business, as it not only ensures that the customer has received their package but also protects the courier company from potential disputes or legal issues. Here are some key reasons why giving proof of delivery is important:

    1. Customer satisfaction: When a customer orders a package, they want to be sure that it has been delivered safely and on time. Providing proof of delivery assures customers that their package has been delivered to the correct address and at the right time, which helps to build trust and loyalty.
    2. Dispute resolution: In the event of a dispute, proof of delivery can help to resolve any issues or discrepancies between the customer and the courier company. For example, if a customer claims that they did not receive their package, the courier company can provide the POD as evidence of delivery and refute the claim.
    3. Legal protection: Proof of delivery can protect the courier company from potential legal issues or liability. For instance, if a customer claims that their package was lost or stolen, the POD can be used as evidence that the package was delivered to the correct address and received by the intended recipient.
    4. Operational efficiency: POD is an essential tool for tracking and managing deliveries, as it helps to ensure that all packages are accounted for and delivered on time. By using digital technologies like mobile devices, barcode scanning, and electronic signatures, courier companies can streamline their delivery processes and improve operational efficiency.

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    Why do we need proof of delivery?

    The parcel reaching the right customer is the secret sauce of maintaining a successful courier business. The destination may be an office or a home, but if the recipient isn’t there, the only option is to leave the parcel at the door. With POD, it’s simple to allege on parcel delivery. POD solves delivery issues between the customer and the seller.

    Types of POD

    • Paper POD – the signature of the recipient is taken on paper.
    • E-POD – a digital signature of the receiver is taken. It’s simple to handle an E-POD, and a copy of it can be easily sent to the shipper. Hence, POD enables hassle-free last-mile delivery.

    Challenges of Delivering Food Commodities via Courier Aid

    Before shipping, have a fundamental intention of storing food items and other perishable things.

    • Utilize barely dried food ingredients: Food items are susceptible to decay. Use warmed food components to avoid decaying. Store moist food commodities in airtight containers and have a smaller transit moment.
    • Packaging: Good product packaging carries the freshness of the diet or toasted treats. Tight cooler stores keep the commodity of your packet refrigerated during transfer. While packing biscuits/chocolates, ensure there are no spaces between individual units. Coat fresh food items with tissue paper and stuffed paper to cover the area in between them.
    • Prepare for the transit – Choose carefully: Choose a shipping firm that gives valid assistance and provides protected, on-time, and cost-effective deliveries. If you’re exporting perishable food items, choose the shipping company that proposes refrigerators for commodity items.

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    Conclusion

    Starting a courier business in India can be a rewarding venture, but it requires careful planning and execution. From securing the necessary permits and licenses to acquiring the right equipment and hiring reliable staff, there are several key steps to consider when launching a courier business in India.

    By following the step-by-step guide outlined in this blog, you can position yourself for success in this growing market. With the continued growth of e-commerce and online shopping in India, the demand for courier services is only expected to increase, providing ample opportunities for entrepreneurs looking to start a courier business. Starting a courier agency business can be a profitable venture by providing reliable delivery services and building strong customer relationships.

    Remember, running a successful courier business requires a commitment to delivering packages safely and on time, strong customer service skills, and attention to detail. It is very difficult to start a courier business with no money. However, with the right strategy and execution, you can build a profitable and sustainable courier business in India.


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    FAQs

    What is a courier business, or what is a courier service business?

    A courier service is a service that allows someone to send a parcel or consignment from one location to another. Senders have the option to have their parcels collected by a courier or drop their parcels at a nearby location to be picked up later by the courier.

    How to open courier service or courier office in India or how to start a courier service business or agency?

    Following are the steps to open a courier services business in India:

    • Find investors from different sources and keep sufficient money in hand.
    • Legalize your business as a private limited company in India.
    • Application for the registration of service tax.
    • Build a team and invest in service quality and training.

    What are the things you must do before starting a courier business?

    Items you must be done with before starting a courier business:

    • Develop a courier business plan.
    • Get reliable vehicles.
    • Organize a storage space.
    • Purchase equipment and materials.
    • Take out business insurance.
    • Give your courier business a name.
    • Get a logo.
    • Consider the legal structure of your courier business.

    What is the cheapest franchise to start in India?

    • Stratus Building Solutions.
    • SuperGlass Windshield Repair.
    • Mosquito Squad.
    • Property Management Inc.
    • Pillar to Post Home Inspectors.

    How to start courier business in India?

    Following are the steps to start a courier company in India:

    • Get and connect with a reliable source of transportation.
    • Invest in the right equipment.
    • Find a unique yet engaging name for your courier business.
    • Consider the appropriate insurance.
    • Market your business wisely and mark your presence.

    How to apply courier service license in India?

    • Get a courier license by creating a name for your courier company.
    • Contact the local municipal government office to get the courier license form.
    • Fill in the application form with accurate information.
    • Submit it to the license bureau.

    Is the courier business profitable in India?

    Yes, courier service is a great business idea in today’s time. It is a business idea with low investment and high profit. Maintaining a courier company is an excellent career prospect as well.

    What are the courier business ideas?

    Some courier business ideas: Food delivery, fruits and grocery delivery, laundry and dry-cleaning service, bicycle service courier, Furniture delivery and assembly, etc.

    How can I get a low-investment franchise business in India?

    Steps to consider before buying a low-investment franchise business in India:

    1. Research
    2. Identify individual franchise companies
    3. Franchise qualification requirements
    4. Submit a request for consideration/application
    5. Study franchise disclosure document
    6. Disclosure period
    7. Visit existing franchisees
    8. Visit franchisor

    How to start courier service franchise in India, or how to develop a franchise business in India?

    Steps to set up a franchise in India with low investment:

    1. Determine the niche
    2. Completing the formalities
    3. Ownership
    4. Licensing
    5. Registration
    6. Human resource requirements
    7. Paying taxes
    8. Managing currency risks

    Which is the best franchise business to start in India?

    Best franchises: Affinity Salon Franchise, DTDC Franchise, Giani’s Franchise, Lenskart Franchise, FabIndia Franchise, and Kake Di Hatti Franchise.

    How to start international courier business in India?

    To start an international courier business in India:

    1. Research & Plan: Understand the market, target audience, and competitors.
    2. Legal Requirements: Register your business, obtain GST registration, and secure necessary licenses like IATA or CHA.
    3. Build Network: Partner with international logistics companies for global reach.
    4. Set Up Infrastructure: Arrange warehouses, vehicles, and tracking systems.
    5. Technology: Develop a website and app for order management and tracking.
    6. Pricing & Services: Offer competitive rates and value-added services like express delivery.
    7. Marketing: Promote through digital and traditional channels to attract customers.

    How to start a courier business with no money?

    Starting a courier business with no money requires creativity and resourcefulness. Begin by offering delivery services locally using your own vehicle or bike. Partner with small businesses or online sellers to handle their deliveries. Focus on providing excellent service to build trust and attract referrals. Use free or low-cost tools for managing orders and tracking deliveries. As you grow, reinvest earnings to expand your services and scale the business.

    How to take courier service agency in India?

    To start a courier service agency in India, first choose a reputed courier company like DTDC, Delhivery, Blue Dart, or India Post. Visit their website and apply for a franchise or partnership. You’ll need a small office space, basic infrastructure (computer, printer), and a few delivery staff. Submit required documents like ID proof, address proof, and sometimes a security deposit. Once approved, you’ll receive training, branding support, and software access to begin operations.

    What is courier service registration?

    Courier service registration is the process of legally setting up a courier business in India. It involves choosing a business structure, getting necessary licenses like GST and trade license, and meeting local regulatory requirements. This allows you to operate officially, partner with logistics firms, and offer delivery services legally.

  • Kamath Brothers Back InCred with INR 250 Crore Investment Power Move

    Nikhil and Nithin Kamath, co-founders of Zerodha, have paid INR 250 crore to purchase a minority interest in InCred Holdings Limited, which is the parent company of InCred Financial Services Ltd (IFSL).

    This is in advance of InCred’s anticipated first public offering later this year. IFSL is a tech-enabled NBFC that specialises in financing for SMEs, consumers, and educational institutions.

    Since its establishment in 2016, the business has served clients throughout India by utilising data science, risk analytics, and digital-first operations. According to investor and entrepreneur Nikhil Kamath, the credit ecosystem in India is rapidly evolving, becoming more formal, digitised, and easily accessible.

    He went on to say that it appears that InCred Group was aware of this fluctuating pulse rate. They have a solid staff, prioritise technology, and have a clear idea of the market’s future. Supporting them is an investment in that larger change—and the conviction that responsible lending can grow without sacrificing its core values.

    InCred’s IPO and Funding Till Now

    InCred is reportedly aiming for an IPO valuation between INR 15,000 crore and INR 22,500 crore. Through the IPO, it hopes to raise between INR 4,000 and 5,000 crore.

    In 2023, the business joined the unicorn club with a $1.04 billion valuation. Manipal Education and Medical Group, owned by Ranjan Pai, is one of its investors.

    An additional INR 1,000 crore was allotted to start-up funding by Rainmatter Capital, an investment arm supported by Zerodha, according to Nithin Kamath’s 2023 announcement.

    In order to assist financial startups, Rainmatter was founded in 2016. Nithin Kamath stated, “We have invested INR 400 crore in 80 start-ups so far.”

    Yet to Finalise Bank for the IPO

    Despite worldwide market turbulence that has affected fundraising plans and caused a media agency to speculate last week that InCred Financial’s IPO may be delayed, the company is still exploring selling its shares.

    Despite such market fluctuations, UBS Group AG is becoming more optimistic about Indian stocks, moving the market from underweight to neutral due to its defensive appeal.

    In an interview with a media outlet earlier this month, the chief investment officer of InCred Financial’s credit division, InCred Alternative Investments, stated that the company intends to raise 15 billion rupees through a new fund in order to meet the demand for private lending.

    Bhupinder Singh launched InCred Financial in 2016, and it specialises in financing for small businesses, retail customers, and educational institutions. In 2022, the company announced a cooperation with KKR India Financial Services Ltd.

  • Swiss International University Sets New Benchmark with TAG-EDUQA Accreditation

    Swiss International University (SIU), a worldwide university renowned for its innovative vision in higher education, has received accreditation from TAG-EDUQA, the quality assurance arm of the Arab Organization for Quality Assurance in Education (AROQA). The achievement represents a major event in SIU’s ongoing effort to provide academically rich, affordable education to students the world over.

    This recognition qualifies SIU to join an elite group of institutions that have met AROQA’s stringent standards for quality teaching, learning, and institutional transparency. It upholds SIU’s compliance with international educational standards and underlines the institution’s credibility as a reliable deliverer of quality higher education.

    Awarding the accreditation came under the patronage of the founder of SIU, Dr. Talal Abu-Ghazaleh, one of the most highly successful Arab businessmen and the most powerful advocate of reform in education. Dr. Abu-Ghazaleh also chairs the board of TAG-EDUQA. The pride is deeper when the honorary President of TAG-EDUQA, along with the Secretary General of the Arab League, endorses the accreditation and highlights its importance in the Arab World.

    “This accreditation is a confirmation of the dedication and professionalism of academic and administrative staff at SIU,” said SIU’s Academic Program Director Derya Briand. “Receiving this honor on our first attempt shows the solid foundation we’ve already laid and our continued dedication to excellence. It’s a message to our students, partners, and faculty that SIU is committed to the highest quality of education.”

    The honor comes at a historic time in SIU’s history, when the university is increasing academic programs and growing ties globally. SIU is part of an expanding international network that includes OUS International Academy in Zurich, IBMS International Business Management School in Lucerne, and ISB International Vocational College and SIU Almaty (Bishkek, Kyrgyzstan). Collectively, these educational institutions are driving a borderless education model that encourages cultural exchange and global partnerships.

    SIU is raising the bar for local and international standards in higher education institutions as regional governments and regulatory bodies prioritize quality assurance. As more and more students in the Arab region and beyond seek a reputable academic institution, SIU is a popular option.

    SIU, more than just an institution of learning and research, is committed to developing well-rounded, responsible, and engaged leaders who are equipped to master the complex challenges of today’s competitive and collaborative global landscape by maintaining the Quadrangle’s universal values. The focus of the university—innovation, cultural inclusiveness, and leadership—has garnered the interest of overseas partners and Education authorities as well as being recognized by the Chinese education officials and other global stakeholders.

    In the future, SIU is considering a stronger diversification of its educational offerings to meet global demand, the introduction of new academic fields and programs, and the establishment of collaborative programs for acquiring knowledge abroad. The accreditation from TAG-EDUQA comes at a critical time for these efforts and will help enhance the university’s position in the international arena.

    This announcement affirms the quality of SIU’s current offerings while demonstrating the university’s dedication to student-centered, forward-looking education. It showcases the university’s role in promoting innovation and building global ties in higher education.

    For more details on Swiss International University and its programs, visit www.swissuniversity.com.

  • Rohit Sharma Backs Prozo to Build India’s Integrated Supply Chain Operating System

    Gurugram, 24th June 2025: Prozo, one of India’s fastest-scaling integrated supply chain companies, today announced a strategic investment from Indian cricketing legend Rohit Sharma. His backing reflects growing recognition of supply chain infrastructure as a critical enabler of modern commerce and signals strong belief in Prozo’s vision to make enterprise-grade logistics accessible through a flexible, pay-per-use model.

    Founded in 2016 by Dr. Ashvini Jakhar, a former Naval doctor, McKinsey alumnus and ISB graduate, Prozo has built a full-stack platform that unifies warehousing, freight, and fulfillment. Prozo has raised a total of $20 million to date, with participation from investors such as Sixth Sense Ventures and Jafco Asia across multiple funding rounds. The company currently operates 42 tech-enabled warehouses covering over 2.2 million square feet, delivers to more than 24,000 pin codes, and is operating at a revenue run-rate of ₹250 crore.

    As per Deloitte India Report, India’s digital commerce market is projected to exceed $350 billion by 2030, driven by a surge in direct-to-consumer brands, omnichannel retail, and the rapid digitisation of logistics. However, the ability to meet this demand hinges on robust, technology-enabled supply chain systems. These are no longer back-end operations but have become strategic enablers of growth. As brands scale, they need infrastructure that can deliver speed, visibility, and reliability across channels and geographies. This is the gap Prozo is addressing.

    Commenting on the investment, Rohit Sharma, exclusively represented by RISE Worldwide, said, “Every great performance needs an engine that does not crack under pressure. Prozo is exactly that for the brands it supports, a dependable, tech-first platform that powers scale with consistency. I am glad to invest in  Prozo, which is focused on building the backbone of India’s new-age commerce.”

    Dr. Ashvini Jakhar, Founder and CEO of Prozo, added, “We are very happy to have Rohit Sharma on board as an investor. Rohit’s journey from opening batsman to national leader mirrors what we aspire to be for our clients; a consistent, reliable force. His belief in our mission energizes us further as we build India’s most agile and accessible supply chain infrastructure.”

    Prozo supports a diverse mix of high-growth and enterprise brands including The Minimalist, Neemans, Comet, Beardo, Bewakoof, Traya, Snitch, Powerlook and Aramya, along with large organisations such as PhonePe, McGraw-Hill and TATA Consumer Brands. Its proprietary control tower platform and national network enable clients to scale seamlessly across B2B, B2C and D2C channels.

    As India’s commerce ecosystem matures, Prozo is well-positioned to become the infrastructure layer powering the country’s next generation of brands; delivering efficiency, reliability and innovation at scale.

    About Prozo
    Prozo is a full-stack supply chain company that helps omni-channel brands achieve fast and reliable fulfillment. 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.

  • Skippi Raises ₹12 Crore in Extended Pre-Series A Round, Led by Dubai-Based Family Offices, Facilitated by Bestvantage Investments

    Mumbai, June 24, 2025: Skippi, India’s leading ice pops brand and a breakout success from Shark Tank India Season 1, has raised ₹12 crore in an extended pre-Series A funding round. The round was advised and facilitated by investment advisory firm Bestvantage Investments, and led by Dubai-based strategic family offices of Mr. Surya, who invested ₹10 crore. The remaining ₹2 crore was raised from other angel investors.

    This strategic capital infusion will support Skippi’s aggressive growth plans, strengthening brand visibility, enhancing working capital, accelerating product innovation, and onboarding senior leadership. It will also help the company establish a footprint in the Middle East, with the support of its new investor.

    Skippi, launched in 2021, has grown into India’s premier ice pops brand. Its products are now available in over 20,000 retail outlets nationwide and through top e-commerce platforms such as Zepto, Swiggy Instamart, Cred, Amazon, Big Basket, and its own website. The company recently diversified its portfolio with new offerings like Crazy Corn, Cornsticks, and Cream Rolls.

    Earlier this year, Skippi had raised a bridge round from Hyderabad Angels Network (HAN) and Venture Catalysts (VCats), with participation from Soonicorn Ventures, HEM Securities, and prominent angel investors.

    Skippi’s journey began with a ₹1.2 crore investment from all six sharks on Shark Tank India Season 1 that is Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal for an 18% equity stake. Since then, the company has grown its monthly revenues by 80x, from ₹5–7 lakhs to several crores.

    Ravi Kabra, CEO and Co-Founder of Skippi, said “This funding is a big step for Skippi as we work to become a top FMCG brand in India. We are very thankful for the support from our investors, including our valued sharks. With this money, we will focus on building our brand, creating new products, and bringing in great talent to our leadership team.

    Raman Sharma, CEO and Founder of Bestvantage Investments, added “Skippi has made an India-first brand in a market dominated by international players. We feel that there is a tremendous opportunity to take this product to the masses.”

    With this momentum, Skippi aims to deepen its footprint across India and international markets, while continuing to deliver fun, innovation, and nostalgia to families everywhere.

    About Skippi

    Skippi is India’s first ice popsicle brand and a household name born from Shark Tank India Season 1, where it secured investment from all six sharks. Launched in 2021, Skippi has rapidly scaled its presence to over 20,000 retail outlets across India and major online platforms such as Amazon, Zepto, Big Basket, Swiggy Instamart, and more. With a growing portfolio of innovative products Skippi is on a mission to build a modern FMCG brand that brings joy, nostalgia, and quality to every bite.

    About Bestvantage Investments

    Bestvantage Investments is a boutique investment advisory firm that connects high-potential startups with strategic investors across India and the Middle East. Founded by Raman Sharma, Bestvantage specializes in deal sourcing, investment structuring, and capital raising for early to growth-stage companies. With a strong network of family offices, venture funds, and institutional investors, the firm enables businesses to unlock growth opportunities through strategic capital partnerships.

  • Fantail Raises ₹13.75 Cr in Seed Round to Revolutionize Surat’s MMF Ecosystem for Fashion Retail

    24th June, 2025, Surat, India: Fantail, a B2B man-made textile company designing and manufacturing products for enterprise fashion retail, has raised $1.6Mn in a seed funding round led by Riverwalk HoldingsIncubate Fund Asia & All in Capital. Founded in 2023 by a seasoned entrepreneur, Ramya Iyer, Fantail aims to be the first MMF brand out of Surat, the world’s second-largest ecosystem for man-made fibres and textiles. The company aims to use the funds for building capabilities, processes, and talent required to streamline its design and manufacturing operations in the Surat MMF ecosystem.

    Fantail works at full depth with weavers, mills, processors, and value addition units to design, develop, and build products for fashion retail brands. Fantail’s supply chain is integrated across player,s right from the yarn stage to the final garment stage. This deep integration not only helps streamline operational and capital efficiency but also creates a mutually beneficial model, where SMEs in the value chain get consistent growth and scale, while Fantail builds a reliable, future-ready supply chain to serve the growing needs of organized fashion retail.

    With the infusion of this capital, Fantail plans to make strategic investments across multiple fronts, including processes and machinery investments in its partner weavers, mills, and processors in Surat, the development of backend technologies to streamline operations, and the acquisition of talent, particularly in design, quality, and technical domains. 

    The MMF industry in Surat is the second-largest globally, valued at over $40 billion. Traditionally geared towards unorganized retail, the sector is now seeing a shift with the rise of organized fashion retail in India. Fantail’s model aims to bridge this gap by organizing, streamlining, and scaling textile manufacturing through close collaboration with the region’s SMEs, a move that positions the company to serve not only the Indian market but eventually fashion brands across Asia and MENA. 

    Ms Ramya Iyer, Founder of Fantail, said“In B2B, timing is of great significance. I have personally worked with the Surat ecosystem for a decade, and I think in the coming few years, we will see a lot of action in manufacturing 2.0 here. If we solve for the operational hurdles in scale and keep a strong focus on capital efficiency, we can truly harness the power of this ecosystem.” She further added, “I believe Fantail is at the right time, at the right place.  With the right team, we can truly build a valuable MMF brand from Surat. We’re fortunate to have investors who are patient and understand our approach and this space well.

    Jai Sumer Singh, Founder & Managing Partner, Riverwalk Holdings, said, Despite the massive MMF market in Surat, there’s no company that’s built a brand which stands for quality, trust, and forward-thinking design. We saw Fantail stepping in to bridge this gap by standardizing the fragmented supply chain and building proprietary designs with a customer-first mindset, and are excited to back them.”

    “Fantail is serving a vast yet fragmented value chain of finished textiles, catering to retailers, exporters, and manufacturers. Fantail’s integrated supply chain solutions enable them to provide a faster, more reliable source of supply, ensuring seamless operations across the industry. We are excited to partner with Ramya and team with a sharp focus on digitizing the supply chain for the textile industry and unlocking new efficiencies,” added Rajeev Ranka, Partner at Incubate Fund Asia.

    Fantail is going after one of the largest and most under-digitized sectors in India—Surat’s $40B MMF ecosystem. The opportunity to organize and modernize this supply chain for enterprise retail is massive. What gave us conviction was not just the scale, but Ramya’s rare combination of deep domain experience and relentless execution. Her clarity, energy, and sharp understanding of the ecosystem stood out. We believe Fantail has all the ingredients to build a foundational B2B company from India.”, quoted Mr Aditya Singh, Partner, All In Capital.

    About Fantail

    Fantail is a B2B man-made textile company based in Surat, India, that designs and manufactures fabrics for enterprise fashion retail. Built on the backbone of SME weavers and mills in Surat, Fantail brings structure, technology, and scalability to the traditionally unorganized MMF ecosystem. The company serves brands across value, premium, and luxury segments, with a vision to build a globally recognized MMF brand from India.

  • Daily Indian Funding Roundup and Key News – 23 June 2025: EVs, Biotech, and Strategic Moves Lead the Way

    Here’s a quick roundup of the key startup fundings in India on 23rd June 2025. From biotech to co-living and EV infrastructure, startups across sectors attracted strong investor interest.

    Daily Indian Startup Funding Digest (23 June 2025)

    Startup Sector Funding Amount Stage Key Investors Location
    Truliv Co-living Undisclosed (Strategic) Strategic BCCL (Bennett, Coleman & Co. Ltd) Chennai
    Rabitat D2C (Baby Products) ₹40 crore (~$4.8 M) Series A DSG Consumer Partners, Saama Mumbai
    InCred Holdings Fintech ₹250 crore (~$30 M) Stake Sale Kamath Brothers (Zerodha founders) Mumbai
    Kazam Cleantech / EV Infra $6.2 million Series B Avaana Capital, Quantum Energy Bengaluru
    Utopia Therapeutics Biotech $1.5 million Seed Globizz Capital, angel syndicates Hyderabad
    EKA Mobility EV Manufacturing ₹200 crore (~$24 M) Convertible Pref. Enam Holdings Pune

    Truliv Receives Strategic Investment from BCCL

    Chennai-based co-living startup Truliv has secured a strategic investment from Bennett, Coleman & Co. Ltd (BCCL). Though the investment amount remains undisclosed, this partnership is expected to boost Truliv’s media visibility and brand equity as it expands across southern India.

    Rabitat Raises INR 40 Cr in Series A

    Mumbai-based D2C baby products brand Rabitat has raised INR 40 crore in its Series A round led by RPSG Capital Ventures and DSG Consumer Partners. The brand plans to utilise the funds to enhance product innovation, marketing efforts, and expand distribution channels across India.

    Kamath Brothers Acquire INR 250 Cr Stake in InCred Holdings

    Nithin Kamath and Nikhil Kamath, founders of Zerodha, have acquired an INR 250 crore minority stake in InCred Holdings, marking a major move into India’s growing lending and financial services market. The acquisition is part of InCred’s broader strategy to strengthen its capital base and scale operations.

    Utopia Therapeutics Raises $1.5 Million in Seed Round

    Hyderabad-based biotech startup Utopia Therapeutics has raised $1.5 million in seed funding from Whale Tank.

    EKA Mobility Raises INR 200 Crore via Convertible Preference Shares

    Pune-based EV manufacturer EKA Mobility has raised INR 200 crore through convertible preference shares, with Enam Holdings leading the investment. The funds will be used to expand its manufacturing facilities and boost production of electric buses and commercial vehicles.

    Kazam Secures $6.2 Million Series B Funding

    Electric vehicle infrastructure platform Kazam has raised $6.2 million in Series B funding. The round saw participation from Avaana Climate Fund, Quantum Energy, and other investors. The Bengaluru-based startup will use the capital to bolster its tech stack and scale EV charging networks pan-India.


    Kazam Raises $6.2 Million to Expand EV Charging Globally
    Kazam, India’s fastest-scaling EV energy-tech company, has raised $6.2 million in Series B funding from the International Finance Corporation (IFC) and existing investors Vertex Ventures SEA & India and Avaana Capital Advisors.


    Key News Highlights – 23 June 2025

    Meesho completes reverse-flip merger, DRHP expected soon

    Meesho has finalised its reverse-flip structure, merging its U.S. entity with the Indian arm following National Company Law Tribunal nod. The SoftBank-backed firm will now be fully headquartered in India, paying an estimated $280–300 million in U.S. taxes. A Draft Red Herring Prospectus is expected to be filed within 2–3 weeks as part of its pre-IPO process.

    PharmEasy founders launch ‘All Home’ at $120 million valuation

    Dharmil Sheth, Dhaval Shah and Hardik Dedhia, co-founders of PharmEasy, have pivoted into home improvement, launching All Home, a tech-driven, omni-channel platform for interior design and home renovation. The platform has raised an undisclosed sum at a $120 million valuation, led by Bessemer Venture Partners with support from several prominent angels.

    PhonePe preparing $1.5 billion IPO, draft papers expected by August

    Reuters and Bloomberg report that PhonePe, India’s leading digital payments platform owned by Walmart, is preparing for an IPO that could raise up to $1.5 billion at a valuation close to $15 billion. Filing of the draft prospectus is anticipated by August, with Kotak Mahindra, JPMorgan Chase, Citi, and Morgan Stanley on board as advisers.

    Prosus values IPO-bound Urban Company at $2.4 billion

    In its FY2025 annual report, Prosus, which holds a stake in services platform Urban Company, has pegged its fair valuation at $2.4 billion ahead of its planned IPO. This consensus reflects investor optimism in the home-services sector

    Stay tuned with StartupTalky for your daily dose of startup funding and news highlights.


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