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  • India’s Union Budget 2025: Expert Expectations on Infrastructure, Real Estate, and Sustainability for Growth and Innovation

    With the Union Budget 2025-26 approaching, businesses and industries are eagerly anticipating key policy changes. The real estate sector is hoping for tax benefits, lower interest rates, and incentives to boost housing affordability. The hospitality industry seeks government support to promote tourism, improve infrastructure, and reduce operational costs. Renewable energy leaders are looking for increased investment in green technology, subsidies for sustainable projects, and better waste management policies. Similarly, startups and MSMEs are expecting simplified tax regulations and easier access to funding.

    Now, let’s explore what industry experts have to share about their expectations from this year’s budget.

    Strategic Infrastructure Investments and Real Estate Growth

    Pradeep Misra, Chairman and Managing Director, REPL (Rudrabhishek Enterprises Ltd.) said, “In successive budgets, we have seen the emphasis on infrastructure which is most certainly going to continue in this year’s Union Budget also. With the GDP growth rate witnessing a slowdown in the current financial year, enhanced budgetary allocations for infrastructure are crucial. This will not only stimulate growth across industrial segments but also create substantial direct employment opportunities.

    The investment in traditional infrastructure segments like roads and highways, railways, energy, and tourism will naturally attract increased allocations. However, the new segments must also get adequate support in the union budget. Increasing the requirement for data centers and renewable energy should be another area where adequate attention can be given to the budget. The scope of railways ‘Kavach Scheme’ must further be expanded to cover a greater length of rail tracks. It is equally important both from the point of view of passenger safety as well as its economic impact.”

    Misra suggests that for the real estate and housing sector, Affordable Housing must continue to be the focus in a suitable manner for the next phase of PMAY. The increasing urbanisation demands that housing needs to be addressed for overall growth. The government should look to incentivize the REIT & SM-REIT investments to create the next leap of growth in the real estate segment which has been continuously struggling to recover. This new investment class has immense potential to attract investors, developers, and retail participants. These combined with emphasis on smart industrial cities, industrial corridors, and TOD can immensely catalyse the development of urban centers and catchment areas.

    “There will be a challenge to create a balance between the requirement of increasing infrastructure spending and controlling the overall fiscal deficit. The Union Budget must also come up with innovative policy measures that strengthen PPP and give greater confidence to private investments in the infrastructure sector. A long-standing expectation of ‘single window clearance’ could be one of them,” Misra added.

    Avinash Rao, Founder, Alt DRX highlights that, according to recent statistics, new house sales have decreased for the first time in 2024 owing to an increase in house prices, high interest rates for borrowing, and general conservative sentiment which has cropped up due to the 4 years of constant high growth. For the growth to continue and real estate to achieve the $1 trillion by 2030, there needs to be a government-led push and this budget is the appropriate time for decisions to push this industry forward to grow.

    Rao’s key expectations from Budget 2025-26:

    • Developer Led: The high cost of material and construction can not be reduced or moderated immediately, but adjustments to input tax credit will reduce the cost burden on developers and subsequently pass it on to the home buyers. Change of policies to attract domestic and international real estate funds will provide a big push for developers to raise capital and complete their projects on time.
    • Home Buyer Led: Changes in current tax exemptions on house loans will help reduce the cost burden on home buyers and bring relief. Subsidies on affordable housing will bring demand to a category that has not grown and caters to the larger Indian population.

    Sebi Joseph, President of Otis India, underscores the remarkable growth of India’s real estate sector, fueled by transformative government initiatives such as the Pradhan Mantri Awas Yojana and the Smart Cities Mission, making India one of the world’s most dynamic real estate markets globally.

    Looking ahead to the Union Budget 2025-26, he anticipates the government will continue driving this progress with progressive measures aimed at enhancing the real estate and infrastructure sectors, with a particular emphasis on localisation and sustainability.

    “A budget that introduces strategic steps such as targeted investments, substantial tax reliefs, enhanced funding mechanisms, and robust infrastructure initiatives – and that pushes for sustainable developments would provide the much-needed impetus to developers for building homes across all segments, including luxury housing and affordable housing, thus ensuring a balanced growth trajectory and contributing to achieving the vision of a ‘Viksit  Bharat’ by 2047, transforming India into a global leader in infrastructure and responsible urbanisation. 

    For the elevator and escalator industry, such a focus would present great avenues for growth in 2025 and beyond. With a surge in infrastructure projects, including smart cities, metro systems, and high-rise buildings,  the vertical transportation industry is poised to be the backbone of India’s growing urban landscape. Furthermore, we are also contributing to the localisation of production and creating a self-reliant supply chain within the country,” said Joseph.

    Hospitality Industry Growth and Innovation in 2025

    Sandeep Singh, Founder of Rubystone Hospitality emphasises that in 2025, the hospitality industry is expected to develop significantly due to rising travel demand, new technology, and a renewed emphasis on the visitor experience. The hospitality sector is anticipated to make a substantial economic contribution as the world economy stabilizes and travel restrictions loosen.

    Government budgets are likely to prioritise the hospitality industry, funding workforce development, sustainable tourism projects, and infrastructure improvements. To satisfy changing visitor expectations, they must adapt their strategy to these changes by making investments in digital transformation, green technologies, and individualized services. Enhancing operational efficiency, using AI-driven solutions, and upholding strict safety and hygienic standards are also anticipated to be prioritized in budget allocations.”

    In Singh’s opinion, the tourism industry will probably rebound to pre-pandemic levels as global spending increases, offering enormous development potential. But there are difficulties such as inflation, growing operating expenses, and competitive challenges will call for creative company concepts and careful financial planning. To guarantee a flourishing hospitality environment, governments and stakeholders must work together.

    In 2025, they can play a key role in attaining sustainable development and economic resilience by utilizing financial support and encouraging innovation. The hospitality industry has the chance to rethink its mission and position itself as a key component of the world economy’s recovery this year.

    Budget 2025: Focus on Sustainability, Local Manufacturing, and Startup Support

    Rahul Nainani, CEO and Co-Founder, ReCircle, highlights, “As we look toward Budget 2025, we anticipate strong policy support and strategic incentives to accelerate India’s transition to a greener, more sustainable future. With a focus on green energy, infrastructure, and circular economy models—especially in waste management—we hope to see increased investment in plastic recycling projects. This will help reduce environmental impact, create new business opportunities, and drive the adoption of green technologies.

    Initiatives like Swachh Bharat Abhiyan, Extended Producer Responsibility (EPR), and sustainability commitments have already propelled the sector forward. The plastic waste industry, which plays a crucial role in India’s GDP and supports the nation’s $5 trillion growth trajectory, stands to benefit from tax reforms, lower GST rates on recycled products, and machinery subsidies, particularly for MSMEs.

    Continued emphasis on infrastructure development, digitization, and EPR compliance will drive long-term growth and innovation. We are eager to see the government’s ongoing commitment to sustainability and are excited to contribute to this transformative journey.”

    Vinay Thadani, CEO & Director, Grew Energy (Solar) Private Limited, shares his insights, “The Indian domestic manufacturing industry is poised to play a crucial role in the country’s economic landscape, particularly as India seeks to reduce its dependence on imports from foreign markets. This strategic shift was bolstered by the Indian government’s implementation of a variety of incentives aimed at supporting domestic manufacturing. These measures include a combination of tariffs designed to protect local manufacturers and non-tariff barriers that aim to create a more favourable environment for Indian businesses.

    In the past year, numerous companies have commissioned and announced the establishment of large-scale solar manufacturing facilities throughout the country. This surge in activity is a direct response to the government’s initiatives, which include supportive regulatory frameworks designed to attract investment and facilitate growth in the solar sector.”

    “Looking ahead, to position India as a global hub for solar manufacturing, we anticipate that the government will emphasize the importance of research and development (R&D) by offering full-time grants to companies that dedicate themselves to the creation of efficient and innovative solar technologies. Engaging in deep-scale research and fostering innovation will be essential for India to gain a competitive edge over China, enabling it to provide high-efficiency solar solutions to domestic as well as global markets,” Thadani added

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    Satyam Vyas, Founder, Arthan and Climate Asia highlights key challenges, “There are several pressing challenges startups face in India’s social impact sector. These include a burdensome tax compliance system that requires over 1,200 annual filings, resulting in valuable resources being diverted from business growth. Additionally, many startups experience significant cash flow issues due to delays of over six months in receiving GST refunds.

    Furthermore, the taxation of Employee Stock Ownership Plans (ESOPs) at vesting can impose financial burdens on employees. The current three-year tax holiday, often failing to accommodate the longer growth cycles of many startups, is a significant issue that needs to be urgently addressed.”

    Vyas’s proposals are not just suggestions, but urgent calls for action. He advocates for the implementation of a centralized digital platform for streamlined tax compliance, aligning ESOP taxation with liquidity events, and extending the tax holiday for DPIIT-registered startups from three to five years.

    He also recommends establishing a 30-day deadline for GST refunds with penalties for delays, offering government tax advisory services to support startups, increasing R&D deductions to 200% for high-impact sectors, providing up to 10% tax rebates for sustainable startups, and lowering TDS rates to enhance cash flow for new ventures. These measures, if implemented promptly, could significantly alleviate the challenges faced by startups in India’s social impact sector.

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  • With Additional Clarifications, SEBI Tightens its Hold on “Finfluencers”

    On 29 January, the Securities and Exchange Board of India released additional explanations regarding the finfluencer rules. Brokers, mutual funds, investment advisers, exchanges, and other market participants are prohibited from having a direct or indirect relationship with unregistered influencers, according to the document on the SEBI website.

    The regulator’s goal is still to shield investors from deceptive financial advice and promises of assured returns, even with these stronger safeguards in place. First of all, the rules are applicable to all market players governed by SEBI, including distributors of mutual funds, sub-brokers, and marketing firms that work with them. Simply put, it is against the law for SEBI-registered firms to associate with unregistered entities that make stock market recommendations or suggest assured returns.

    According to the regulator, unless the individual is registered with or otherwise authorised by the Board to provide such advice or recommendation, no person regulated by the Board (Sebi) or the agent of such a person may have a direct or indirect association with another individual who provides advice or recommendations, directly or indirectly, regarding or related to a security or securities, or make any explicit or implicit claims of returns or performance regarding or related to a security or securities, unless the Board has given the individual permission to do so.

    Bodies that Fall Under the Umbrella of New Guidelines

    Any cash exchanges, client recommendations, information sharing, and the use of services for marketing or promotions are all included in this relationship. Actually, SEBI has stated that it is prohibited to cooperate with an agency that collaborates with influencers.

    SEBI has tightened its control over the educator’s abilities and responsibilities, with investor protection remaining an exception. Any investor educator is not permitted to make any statements regarding investor returns, suggest particular stocks and securities, or forecast future trends using market data from the previous three months.

    However, a brief window has been made available for investor education through this cooperation. This is contingent upon the fact that these influencers do not offer recommendations or make any claims regarding returns or performance.

    Impact on Marketing and Advertisement

    The barriers may also have an intriguing effect on marketing and advertising. If they have control over where their ads appear, all SEBI-registered businesses are permitted to run them. It would be against the law if they had no control over where the advertisements were displayed and could not identify influencers.

    When there is a violation, SEBI has the authority to ban offenders from the market, terminate registrations, or issue penalties. On August 29, 2024, these restrictions were introduced, and on October 22, 2024, an additional alert was released. These regulations are already in effect because the regulator requested that registered participants get their acts in shape within three months after the October circular.

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  • Next Week, Zomato will Begin 10-Minute Meal Delivery Trials in NCR Under the Quick Brand

    Quick, a 10-minute food delivery service from Zomato, is currently available in several cities. Customers can get fast food and pre-cooked instant meals, including snacks, desserts, beverages, etc., delivered within 15 minutes from restaurants and cloud kitchens within a 2-kilometre radius of their location by using the “Quick 10 Minute Delivery” feature on the Zomato app’s home screen.

    Currently, consumers can access the service in a few locations in Delhi NCR, Mumbai, Bengaluru, Hyderabad, Indore, Chennai, Pune, Lucknow, Ahmedabad, and more. In response to a question from the media, Zomato stated that it is allowing restaurants that are listed on the platform to offer delivery times of less than 15 minutes by carefully selecting their menu items and assigning a dedicated delivery fleet. This will be scaled over time and is live in a few locations right now.

    Launched in 2023, the company’s “Everyday” service already provides home-cooked meals in around 20 minutes. It was introduced following the company’s 2022 discontinuation of its first attempt, called “Instant,” in the 10-minute meal delivery market.

    Focussing on Hyperlocal Delivery Business

    One of Zomato‘s main areas of interest is the hyperlocal delivery industry. Even though Blinkit reported an EBITDA loss of INR 103 crore in the December quarter of FY25 compared to an operating loss of Rs 8 crore in Q2, the company still plans to expand to 2,000 dark stores by the end of 2025.

    Quick commerce companies are attempting to replicate the success they have observed in the capital-intensive rapid grocery delivery business with the 10-minute food delivery.

    Apart from Zomato’s Quick and Blinkit’s Bistro, Swiggy is entering the 10-minute food delivery market by improving delivery speed and extending service areas with its Bolt function within its app and a stand-alone app called Snacc, Zepto Cafe by Zepto, Zing, and Swish. In order to cut down on the amount of time needed to prepare the food and deliver the order to customers, the delivery schedule is based on the number of restaurants and dark kitchens.

    However, earlier this month, the restaurant association National Restaurant Association of India (NRAI) voiced resistance to private-label food delivery through quick-commerce platforms like Bistro and Snacc, criticising Zomato and Swiggy’s 10-minute meal delivery initiative.

    Bistro is not an existential danger to the restaurant business, Zomato’s Deepinder Goyal responded in a letter to restaurant partners. “Bistro is neither a “Zomato kitchen” nor a “private label.” I have already stated that, in contrast to companies like Amazon, which offer their own private labels on Amazon, Zomato, as a restaurant aggregator, will never compete with its own restaurant partners,” Goyal wrote.

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  • Alibaba Introduces a New AI Model and Says It Beats DeepSeek and GPT-4o

    According to a news agency, Chinese internet giant Alibaba on 29 January unveiled an updated version of its Qwen 2.5 artificial intelligence model, which it said outperformed the much-lauded DeepSeek-V3. The Qwen 2.5-Max’s odd release date—the first day of the Lunar New Year, when the majority of Chinese are off from work and spending time with their families—indicates how much pressure DeepSeek’s explosive growth over the last three weeks has put on both its domestic and international competitors.

    Alibaba’s cloud unit released a statement on its official WeChat account stating that “Qwen 2.5-Max outperforms… almost across the board GPT-4o, DeepSeek-V3, and Llama-3.1-405B,” alluding to the most cutting-edge open-source AI models from OpenAI and Meta. Alibaba has invested heavily in its cloud services division with Tencent Holdings Ltd. and Baidu Inc., and it is in a fierce competition to hire Chinese AI developers to utilise its tools.

    Locking Horns with Set Players

    This week, the 20-month-old startup DeepSeek, which was established in Hangzhou, Alibaba‘s hometown, rocked US tech companies. Alibaba Cloud also disclosed results indicating that, in some benchmarks, its AI outperforms OpenAI’s and Anthropic’s models.

    In an effort to attract more customers, cloud service providers like Tencent and Alibaba have recently lowered their prices. Along with six other promising AI businesses in China that have raised money at unicorn values, DeepSeek has already participated in that pricing war.

    Comparing DeepSeek with Domestic Rivals

    When DeepSeek‘s V3 model’s predecessor, DeepSeek-V2, came out in May of last year, it set off a pricing war for AI models in China. Alibaba’s cloud division announced price reductions of up to 97% on a variety of models due to DeepSeek-V2’s open-source nature and historically low cost of just 1 yuan ($0.14) for 1 million tokens, or units of data processed by the AI model.

    Other Chinese tech giants followed suit, such as Tencent, the most valuable internet company in the nation, and Baidu (9888.HK), which launched China’s first ChatGPT-like app in March 2023. In a rare interview with Chinese media site Waves in July, Liang Wenfeng, the mysterious creator of DeepSeek, stated that the company “did not care” about price wars and that its primary objective was to achieve artificial general intelligence, or AGI.

    AGI is defined by OpenAI as autonomous systems that outperform humans in the majority of economically significant tasks. Young graduates and PhD students from prestigious Chinese universities make up the majority of DeepSeek’s workforce, which functions more like a research lab than the hundreds of thousands of workers employed by major Chinese internet businesses like Alibaba.

    Liang contrasted DeepSeek’s lean operations and flexible management style with the exorbitant costs and top-down structures of China’s major tech companies, saying in his July interview that he thought they might not be well suited to the future of the AI business. Liang went on to say that IT giants’ skills have their limits and that large foundational models require ongoing innovation.

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  • Prudent Investment Managers Planning to Establish a Fund of INR 500 Cr for Early-Stage Startups

    Prashasta Seth, the former CEO of IIFL Asset Management, formed Prudent Investment Managers, which has launched a fund of INR 500 Cr, or around $57.8 million, to invest in early-stage companies. Seth told a media outlet that the fund, which will be a Category II Alternative Investment Fund (AIF), has already obtained INR 250 Cr in pledges from several family offices and will close sometime in June of this year.

    Prudent is currently submitting a CAT II licence application to SEBI. PE funds, real estate funds, and funds for distressed assets are all included in Category II AIF. According to Seth, despite not having a formal fund structure, Prudent has invested over INR 160 Cr in unlisted companies since its founding. Among its most recent startup investments are Snapmint and The Money Club. The business intends to strengthen its strategy of combining the investment philosophies of venture capital and private equity with the new fund.

    According to Seth, pre-Series A and Series A firms with viable business plans and solid unit economics will be the main targets of funding. By assisting founders that value long-term viability over quick, unsustainable growth, the fund seeks to close the gap in early-stage investing.

    A Methodical Investment Strategy

    Prudent intends to use a focused investment strategy, providing early checks of INR 30 Cr to INR 50 Cr each to support 10 to 15 businesses. According to Seth, Prudent’s strategy places a strong emphasis on large bets and steady follow-on funding over several rounds, in contrast to standard VC companies that distribute investments across a wide portfolio.

    The fund will concentrate on businesses with “sound unit economics” and will not be sector-specific. At the concept stage, we don’t compete. Rather, we concentrate on businesses that have solid unit economics, real revenue, and tested business concepts. “We want to minimise losses and provide consistent returns of 5X to 20X,” Seth continued.

    Investors’ Profile

    Speaking of investors, Seth stated that Prudent counts roughly 25 family offices as clients and has over INR 750 Cr in assets under management (AUM). This corresponds to an average cheque size of INR 20 Cr to INR 30 Cr, he stated. On the unlisted side, a large number of these clients have also invested in the business throughout all of the transactions the firm has completed.

    Small family offices with portfolios ranging from INR 50 Cr to INR 200 Cr make up the majority of these, not the well-known ones. They will act as the brand’s anchor investors. After leaving IIFL Asset Management in 2020, Seth founded Prudent. It offers advising and portfolio management services. Seth says that during his time at IIFL Asset Management, the company’s AUM increased from INR 500 Cr to INR 25,000 Cr.

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  • India’s Union Budget 2025: Expert Predictions on Digital Transformation, Infrastructure, and Startup Growth

    As India prepares for the Union Budget 2025, businesses across the country are excited to see how it will impact their growth. From fintech and AI to logistics and manufacturing, experts are hoping for key changes to improve financial inclusion, build better infrastructure, and encourage digital growth. In this article, we’ve gathered insights from industry leaders on what they expect from the budget and how it could shape India’s future.

    Driving Digital Transformation in FinTech

    Rohith Reji, Co-Founder and CEO, Neokred

    The upcoming Union Budget presents a critical juncture for India’s fast-rising fintech and digital payments ecosystem. We anticipate measures that further incentivize digital transactions, potentially through tax breaks or subsidies for digital payment platforms and users.

    Additionally, a focus on enhancing financial inclusion through digital means, including expanding access to credit and insurance products through digital channels, would be a welcome step. We also expect the government to address the evolving regulatory landscape for fintech especially the DPDP Act, fostering innovation while ensuring consumer protection and financial stability.

    Trivesh D, COO, Tradejini

    All eyes are now on the Union Budget on which the government will endeavor to make a somewhat fine balance between public expectation and economic priority. In this context, there is immense potential to focus on measures that could strengthen key sectors driving India’s growth trajectory.

    For startups and MSMEs, which are critical to innovation and employment, the focus could be on enhanced financial support, streamlined tax structures, and policies promoting ease of doing business. Expanding access to credit and encouraging digital adoption might further empower these enterprises, strengthening economic resilience.

    Increased capital expenditure on infrastructure, including urban development and logistics, could stimulate job creation and attract private-sector participation. Policies supporting kirana stores and small retailers could help build a strong logistics ecosystem for the quick commerce space. Additionally, strengthening the digital payment infrastructure, particularly in Tier II and III cities, would drive financial inclusion and broader adoption.

    Streamlined trade processes and scaling up the Production Linked Incentive (PLI) Scheme could enhance global competitiveness and align with the ‘Make in India’ vision.

    Job creation must remain a priority in employment, with skill development in emerging areas like AI, data analytics, and green technologies. Leveraging AI could address regional education gaps, enabling personalized learning and better teacher training. Public-private collaborations in vocational training could align the workforce with future industries.

    Rohit Beri, CEO and CIO, ArthAlpha

    As the fintech sector eagerly awaits the Union Budget, we anticipate forward-thinking policies that drive innovation, financial inclusion, and digital transformation. Key expectations include revised taxation structures for startups and fintech firms, promoting ease of doing business through tax parity between capital gains for listed and unlisted securities, which will spur investment in the startup ecosystem. Enhanced budgetary allocations for financial literacy programs and digital infrastructure in rural and semi-urban areas will further expand the reach of digital finance.

    The introduction of a regulatory sandbox expansion for emerging technologies like blockchain and AI-driven lending platforms would foster innovation while ensuring consumer protection. Additionally, streamlined compliance norms for digital payments and incentives for expanding UPI penetration to international markets can position India as a global fintech leader. A holistic approach to data privacy regulations and credit access for MSMEs would further bolster growth. A dynamic, fintech-centric budget can strengthen India’s digital economy, making it more resilient and future-ready.

    Manish Aggarwal, Founder & CEO, FINQY

    As we approach the Union Budget, three key areas in personal finance deserve attention: easing MSME compliance, enhancing financial intermediary education, and rationalizing the tax burden.

    MSMEs, the backbone of India’s economy, face overwhelming regulatory complexities. Simplifying compliance through streamlined tax structures and automated digital processes will empower these businesses to focus on growth and innovation, fostering economic resilience.

    India’s growing middle class increasingly relies on financial products, yet many lack the knowledge to make informed decisions. Financial intermediaries, such as DSAs, work to bridge this gap. The Budget should introduce training programs and growth incentives to improve the quality of financial advice, enhancing consumer trust and transparency.

    Finally, rationalizing the tax burden is critical for boosting household savings and investments. Raising income tax thresholds, increasing Section 80C deduction limits, and expanding incentives for financial instruments can provide much-needed relief. These measures will enhance disposable income, encourage long-term wealth creation, and stimulate consumption.

    At FINQY, we believe these reforms will foster financial inclusion, empower individuals, and promote economic stability. We look forward to a Budget that simplifies personal finance and prioritizes the financial well-being of all Indians.

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    Creating Jobs and Strengthening the Startup Ecosystem

    Govind Sankaranarayanan, Co-Founder and COO, Ecofy

     A persistent theme across recent budgets has been the need for job creation. Incentives for labour-intensive sectors such as food, garments, and automotive components are required. New areas of employment generation such as the maintenance of electric vehicles and support for burgeoning rooftop solar ecosystems need budgets for vocational training of the youth.

    As a green lender, we think that the larger banking system needs to be encouraged to channel funds to SMEs looking to become resource-efficient. The largest chunk of jobs gets created within the SME space and therefore the continuation of incentives to SMEs would be desirable through this year’s budget incentives.

    Manish Panwar, Business Head, Xumane 

    The 2025 Indian Union Budget holds the potential to further strengthen the startup ecosystem by introducing more comprehensive tax incentives for ESOPs, which remain a key tool for attracting and retaining talent. As the government focuses on fostering innovation, proposals for deferred taxation, reduced capital gains tax, and simplification of cap table reporting are expected to provide startups and SMEs with much-needed financial support.

    While the current regulatory environment has made strides, the Budget 2025 could offer a transformative shift, creating a more attractive space for both entrepreneurs and employees in the ESOP ecosystem.

    Advancing Technology and Empowering MSMEs for Growth

    Ajay Goenka, Co-Founder and CFO, Polestar Solutions 

    The 2025 Union Budget holds the promise of advancing India’s position as a global IT powerhouse by prioritizing R&D funding, boosting AI adoption, and strengthening technological innovation. With a focus on enhancing public and private investment in research and development, India can catalyze the next wave of homegrown breakthroughs.

    Expanding incentives for AI-driven solutions and automation will not only elevate India’s tech capabilities but also drive global competitiveness, ensuring that Indian IT firms remain at the forefront of the digital economy. Strategic funding and policy reforms in this space will empower Indian companies to innovate faster, scale globally, and contribute to shaping the future of technology.

    Prem Thudia, Founder and CEO, SMBXL Pvt Ltd  

    As we reflect on the much-awaited Union Budget 2025, digitization is crucial for enhancing efficiency within the MSME sector. However, equally vital is the skill development of the workforce supporting this ecosystem. An inclusive system will empower MSMEs to act as a unified force, enabling India to compete effectively on the global stage and achieve its economic aspirations. 

    We expect the Union Budget to prioritize and incentivize skill development initiatives, significantly reduce compliance burdens, and establish streamlined systems for single-window clearances. Fostering an inclusive society is paramount, and therefore, we anticipate a strong focus on developing fully functional infrastructure to support growth at the rural level.

    Girish Rowjee, Co-founder & CEO, greytHR

    As Union Budget 2025 approaches, we anticipate focused measures that address the critical needs of SMEs, employees, and the workforce at large.

    Micro, Small, and Medium Enterprises (MSMEs), which contribute nearly 30% to India’s GDP, are the backbone of job creation and economic growth. Simplified compliance processes and easier access to financing are essential for their success. The eagerly awaited implementation of the Code on Wages could transform labor regulations by unifying and simplifying wage laws. This reform promises greater transparency, improved labor conditions, and fairer compensation, reducing burdens for both businesses and workers. Combined with rationalized taxation and incentives for workforce expansion, such measures can create a thriving, competitive ecosystem.

    Easing financial pressures on employees is just as important. As the heart of India’s workforce, employees are seeking relief through income tax reforms. By enhancing disposable incomes, the government can provide much-needed financial respite, boost consumer confidence, and fuel domestic demand, driving broader economic progress.

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    Strengthening AI Innovation and Data Security in India

    Sauvik Banerjjee, MD & CEO, sirrus.ai

    Emphasis on data security and emerging technologies is crucial for India’s technology evolution. As we look forward to Union Budget 2025-26, I believe Artificial Intelligence (AI) will find special mention this time, building on the INR 10,000 crore allocated for the India AI Mission in March 2024. The government could further strengthen the tech ecosystem in the country by offering tax incentives for AI-based startups. Additionally, allocating resources for the establishment of AI research centres, besides launching upskilling programmes, could help us bridge the talent gap in the sector, positioning India as a global leader in AI technology.

    Neehar Pathare, MD, CEO, and CIO, 63SATS 

    As India strides forward in its digital journey, the Union Budget 2025 must position cybersecurity as a cornerstone of our growing digital economy. With cyber threats escalating, enhanced government support, innovation-driven policies, and significant investments in cybersecurity infrastructure are paramount.

    Beyond BFSI and Critical Infrastructure sectors, stringent cybersecurity frameworks must extend to other industries, ensuring robust protection of our nation’s digital assets. SMEs, particularly vulnerable to cyberattacks, need targeted assistance to adopt affordable and effective cybersecurity solutions, safeguarding their growth and fuelling the broader economy.

    A cybersecurity rating system, akin to credit ratings, could set benchmarks, driving organizations to enhance security, build transparency, and foster trust in the digital ecosystem.

    From a citizen’s perspective, a mass cyber education drive—integrating web programs, evolving offline IT certifications, and introducing cybersecurity in school curriculums—will not only address the workforce shortage but also reduce cyber theft and financial losses. At 63SATS, we are committed to empowering India’s vision of a Viksit and Surakshit Bharat.

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    Revolutionising Logistics for Global Competitiveness

    Ravi Goel, CBO, RapidShyp

    As we approach the upcoming Union Budget, the logistics sector anticipates reforms and investments that will accelerate its modernization and strengthen India’s position in the logistics sector worldwide. Key expectations include enhanced allocations for infrastructure development, with a focus on last-mile connectivity and multi-modal logistics parks (MMLPs) as part of the PM Gati Shakti plan, which aims to develop over 35 MMLPs with investments exceeding INR 50,000 crore.

    Modern warehousing infrastructure needs targeted incentives, as the market is projected to grow to INR 2.8 lakh crore by 2025. We also look forward to simplified regulatory frameworks and increased incentives for technology adoption, including AI-driven logistics solutions and automated systems, which could reduce logistics costs from 14% of GDP to a globally competitive 8-10%. Supporting EV infrastructure for green logistics will align with the government’s target to achieve 30% EV penetration by 2030. Favorable GST reforms and streamlined compliance will enhance competitiveness for India’s 63 million MSMEs, making this sector more efficient and future-ready.

    Driving Growth and Innovation in India’s Manufacturing Sector

    Manojkumar Sharma, Founder of Ashnam Home

    To bolster India’s home decor manufacturing sector, it is essential to expand and simplify Production Linked Incentive (PLI) schemes, reduce GST rates on home decor items, and introduce special credit schemes for startups. These measures will not only encourage domestic production, enhance competitiveness, and support small and medium-sized businesses, but also pave the way for a potential surge in consumer demand. Additionally, implementing subsidies for advanced manufacturing technologies and increasing export incentives will facilitate technology adoption and encourage startups to explore global markets.

    Infrastructure development is crucial, as it focuses on improved logistics and reliable utilities to reduce operational inefficiencies. Promoting made-in-India through incentives for eco-friendly and other manufacturing practices and launching skill development initiatives for artisans will address both the skill gap and global demand for sustainable products. Finally, supporting e-commerce growth by reducing compliance costs and simplifying regulatory requirements cannot only help startups thrive but also foster a culture of innovation in this dynamic sector.

    Dinesh Chandra Pandey, Founder of Shankar Fenestrations and Glasses

    The manufacturing industry is optimistic about the upcoming budget, expecting measures to simplify processes and drive growth. In 2024, this sector contributed 17.3% to the GDP of India, with predictions to grow at 3.46% between 2025 and 2029. Incentives for advanced technologies and sustainability are vital, as India strengthens AI research and green manufacturing. With GDP growth forecasted to be at 6.5% for FY25, further improvements to strengthen logistics and supply chain infrastructure are essential. Policies promoting energy efficiency and local battery production will drive long-term sustainability. The right initiatives can expand and innovate the sector, solidifying India’s role in global industrial and economic progress.

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  • By June, Droom will Submit the Draft Documents for the INR 1,000 Cr IPO

    According to a media report, used automobile marketplace Droom plans to submit the draft documents for its INR 1,000 Cr (about $115 Mn) IPO by June of this year. Both a fresh issue and an offer for sale will be included in the IPO offer; the fresh issue will probably make up more than half of the offer. Droom has already selected two middle-market banks for the public offering and is aiming for an IPO valuation of between $1.2 billion and $1.5 billion. According to the report, it is also actively negotiating with another investment banker.

    By November of this year, the unicorn hopes to be listed on the exchanges. The fact that this will be Droom’s second effort to go public should be noted. To finance INR 3,000 Cr, the firm submitted its draft red herring prospectus (DRHP) to market watchdog SEBI in late 2021. However, because of the market’s volatility, it postponed its intentions for an IPO. The startup’s main motivation for lowering the size of its initial public offering (IPO) is that it doesn’t require a lot of funding at this time because it is anticipated to attain EBITDA profitability in the fiscal year 2025–2026 (FY26).

    Droom Eyes for INR 200Cr as Pre-IPO Round

    Droom also hopes to raise about INR 200 Cr (about $23 Mn) from both new and current investors in a pre-IPO transaction prior to filing the draft papers. “Droom wants to see more Indians control a larger share of the business. For this round, they want to reach out to Indian family offices, high-net-worth individuals, and top Indian stock market investors, according to a different source. In order to enhance domestic shareholding, Zepto raised $350 million from Motilal Oswal, HNIs, and family offices in a similar manner.

    Sandeep Aggarwal founded Droom in 2014, and it runs an online marketplace that links buyers and used car dealers. Early in 2022, it stopped selling low-cost vehicles, which accounted for 85% of company sales, and switched to offering luxury and mid- to high-end vehicles in order to boost its profit margin. This move has caused the startup’s margin on each auto sale to nearly quadruple from INR 40,000 to INR 1.6 lakh. Droom is expected to end FY25 with INR 250 Cr in sales.

    Other Services Provided by Droom

    In addition to selling automobiles, Droom also operates an advertising agency, a SaaS vertical, and a vehicle financing division. The firm also started offering car rentals earlier this month. To date, Droom has raised around $300 million in fundraising, with Lightbox, 57 Stars, and Seven Train Ventures among its supporters.

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  • 10.58 Lakh Shares Are Allotted by ixigo Under ESOP Plans

    Under many employee stock option plan (ESOP) strategies, online travel aggregator (OTA) ixigo has distributed 10.58 lakh equity shares to qualified employees. The travel tech startup stated in a filing with the markets that the shares were offered at a premium of INR 0.25 per share and an exercise price of INR 1.25 per share.

    The company announced that 10,58,143 fully paid-up equity shares with a face value of INR 1/- each have been allotted to the option holders under the Le Travenues Technology – Employee Stock Option Scheme 2013,…, ESOS 2016,…, 2020,…, 2021…, according to the company’s statement. The board of directors of the company has approved the allocation. Since the allocation, the travel tech platform’s entire paid-up share capital has increased from INR 38.87 Cr to INR 38.97 Cr.

    Step is Taken to Encourage and Retain

    ixigo added that the purpose of the ESOPs was to “motivate and retain” bright workers and give them “additional deferred rewards.” This comes after the business distributed over 4.6 lakh equity shares under different ESOP plans in December 2024. Before this, in November, the OTA granted 17.57 lakh more stock options under the ESOP 2024 scheme, increasing the size of its ESOP pool.

    Financial Outlook of ixigo

    The announcement coincided with the OTA’s financial results for the third quarter (Q3) of the fiscal year 2024–2025 (FY25). Ixigo’s consolidated net profit fell by half to INR 15.54 Cr in the quarter under review from INR 30.65 Cr in Q3 FY24 due to increased tax charges. In the meantime, operating revenue increased 42% to INR 241.76 Cr in Q3 FY25 from INR 170.55 Cr in Q3 FY24.  In terms of operations, Ixigo’s gross transaction volume (GTV) increased by 48% from INR 2,718.3 Cr in Q3 FY24 to INR 4,036.3 Cr during the quarter.

    According to a 2024 survey of 160 companies, 78% of them offered employee stock option plans (ESOPs) to their staff, a considerable increase from 59% in 2021. This indicates that ESOPs are becoming more and more popular among startup owners. More firms are now offering ESOPs to all employees, not only senior management, according to a survey done by Saison Capital, XA Network, and Carta. Compared to one in four in 2021, one in three firms now provides these plans to all employees.

    Furthermore, the median ESOP pool size grew from 9% in 2021 to 12.6% in 2024, and 90% of founders now talk about ESOPs with candidates during interviews or job offers, up from 75% in 2021. Additionally, the reasons for providing ESOPs have changed; in 2024, 40% of founders cited cost reductions, up from 28% in 2021.

    The founders cited the necessity to retain people as the second most important reason for putting these plans into action, behind creating a sense of ownership and company culture. Even with this increase, fewer than 30% of founders still fully understand the complexity of ESOPs, a percentage that hasn’t changed since 2021.

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  • How AI and Cloud Computing Will Transform Industries: Insights from Avinash Khanderi

    Dallas (Texas) [USA], January 30: In an era defined by technological innovation, artificial intelligence (AI) and cloud computing have emerged as the driving forces behind industrial transformation. Together, these technologies are reshaping how businesses operate, delivering unprecedented efficiency, scalability, and insights. Avinash Khanderi, a senior data engineer and industry thought leader with over six years of experience implementing advanced solutions for global organisations, shares his insights to explore this powerful synergy.

    Khanderi, who has worked with industry giants like Walmart, shares his perspectives on how AI and cloud computing will revolutionize industries and create new possibilities across sectors.

    The AI-Cloud Synergy: A New Era of Innovation

    AI and cloud computing have individually revolutionized industries, but their true potential lies in their integration. “AI thrives on data, and the cloud is the ultimate enabler of data storage, processing, and accessibility,” says Khanderi. “Together, they form the backbone of modern digital transformation.”

    Khanderi explains that the cloud’s scalability and flexibility allow businesses to deploy AI models and algorithms without the constraints of on-premises infrastructure. “The cloud democratizes access to AI tools, making them accessible to businesses of all sizes,” he says. “It’s no longer just for tech giants—startups and SMEs can now leverage AI to compete and innovate.”

    Industry Transformation: Key Areas of Impact

    Khanderi highlights several industries where the integration of AI and cloud computing is driving significant transformation:

    1. Retail and E-commerce

    The retail sector has been a frontrunner in adopting AI and cloud technologies. From personalized recommendations to inventory optimization, these tools are reshaping customer experiences and operational efficiency.

    “At Walmart, I developed AI-driven predictive models on Google Cloud Platform to optimize inventory levels,” Khanderi shares. “This not only reduced costs by 30% but also ensured products were available when customers needed them. It’s a win-win for businesses and consumers.”

    2. Finance and Banking

    AI and cloud computing are transforming the financial sector by enhancing fraud detection, automating processes, and improving customer service.

    “Using cloud-based tools like Databricks and Azure, I worked on deploying machine learning models at Visa that improved fraud detection accuracy by 40%,” Khanderi explains. “The cloud’s ability to process real-time transactions at scale is crucial for financial institutions.”

    3. Healthcare

    In healthcare, AI and cloud computing are enabling breakthroughs in diagnostics, personalized medicine, and operational efficiency.

    “AI-powered analytics on cloud platforms are helping healthcare providers make data-driven decisions faster,” says Khanderi. “From predicting patient outcomes to optimizing hospital resources, the potential is enormous.”

    4. Manufacturing

    AI and cloud technologies are driving automation and predictive maintenance in manufacturing. By analyzing data from IoT devices, manufacturers can optimize production lines and prevent costly equipment failures.

    “Edge computing combined with the cloud is a game-changer for real-time monitoring and decision-making in manufacturing,” Khanderi notes.

    5. Education

    The education sector is also benefiting from these technologies, with AI-powered platforms delivering personalized learning experiences and the cloud enabling remote access to resources.

    “The pandemic showed us the importance of scalable, cloud-based solutions in education,” Khanderi says. “AI can further enhance these systems by tailoring content to individual learners.”

    Looking ahead, Khanderi identifies several trends that will shape the future of AI and cloud computing:

    1. Edge Computing and AI: “As IoT devices proliferate, edge computing will become critical for processing data locally,” Khanderi explains. “This will reduce latency and improve efficiency, especially in industries like autonomous vehicles and smart cities.”
    2. AI Democratization: Cloud providers are increasingly integrating AI tools into their platforms, making advanced technologies accessible to non-technical users. “No-code and low-code AI platforms will empower more people to leverage AI in their work,” Khanderi predicts.
    3. Ethical AI and Data Governance: With the rise of AI, concerns about ethics and data privacy are growing. “The cloud offers robust tools for data governance, but businesses must also adopt ethical AI practices,” he emphasizes.
    4. AI for Sustainability: Khanderi foresees AI and cloud computing playing a pivotal role in sustainability initiatives, from optimizing energy use to reducing waste in supply chains. “These technologies can help us tackle global challenges,” he says.

    Challenges and Opportunities

    Despite their potential, Khanderi acknowledges that the integration of AI and cloud computing comes with challenges. “Data security, integration complexity, and skill gaps are significant hurdles,” he notes. “However, these challenges also present opportunities for innovation and collaboration.”

    Khanderi advocates for businesses to invest in talent development and adopt best practices to fully realize the benefits of AI and cloud technologies.

    Avinash Khanderi’s Vision: A Collaborative Future

    As a leader in data engineering, Khanderi envisions a future where AI and cloud computing work seamlessly across industries to solve real-world problems. “Technology should enable collaboration and innovation,” he says. “The future lies in creating ecosystems where businesses, governments, and individuals can work together to drive progress.”

    Khanderi’s work continues to push the boundaries of what’s possible, proving that the integration of AI and cloud computing is not just a technological shift—it’s a fundamental change in how industries operate.

    A Transformative Journey

    The intersection of AI and cloud computing represents a transformative journey for industries worldwide. Leaders like Avinash Khanderi are at the forefront of this revolution, demonstrating how these technologies can drive efficiency, innovation, and sustainability.

    As businesses navigate this new landscape, the insights and expertise of professionals like Khanderi offer a roadmap to harnessing the full potential of AI and the cloud.

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  • NearEstate.in Crosses 2,000 Listings, Redefining Virtual Property Exploration in India

    Hyderabad (Telangana) [India], January 30: In a rapidly evolving real estate landscape, NearEstate.in, a rising star in India’s PropTech sector, has achieved a significant milestone—surpassing 2,000 property listings on its immersive virtual platform. With its innovative RealView360° technology, the startup is setting new standards for how buyers, sellers, and investors engage with properties, bringing the power of 360° virtual tours to the forefront of real estate transactions.

    This achievement underscores NearEstate.in’s commitment to bridging the gap between traditional real estate practices and cutting-edge digital experiences. As Indian property markets embrace remote accessibility and digital-first engagement, the startup is transforming property discovery into a seamless, interactive, and transparent process.

    Bridging the Gap Between Buyers and Sellers

    For years, real estate transactions have been marred by time-consuming site visits, inconsistent listings, and a lack of transparency. NearEstate.in’s RealView360° technology addresses these issues head-on by enabling potential buyers to virtually explore homes in high-definition, 360° immersive detail—eliminating the need for excessive travel and guesswork.

    Interactive Virtual Walkthroughs: Users can navigate properties remotely, experiencing layouts, interiors, and design elements in an authentic and life-like manner.

    Neighborhood Insights: The platform integrates geospatial mapping, allowing buyers to explore nearby schools, healthcare facilities, shopping centers, and public infrastructure.

    Remote Buyer Engagement: Whether a first-time homebuyer in Mumbai or an NRI investor in London, users can shortlist and evaluate properties without stepping foot in India.

    “Crossing 2,000 listings is a strong validation of our mission to revolutionize property exploration,” says Mr. VenkataRamana Guddeti, Founder of NearEstate.in. “This is more than just a number—it’s proof that buyers, sellers, and developers are ready to embrace a digital-first real estate experience that saves time, builds trust, and enhances decision-making.”

    Catering to Global & Domestic Real Estate Markets

    The demand for real estate in India remains strong both domestically and internationally, particularly among NRIs looking to invest in metropolitan cities. With NearEstate.in’s RealView360°, global buyers can now experience properties in Hyderabad, Bangalore, Pune, and Chennai from the comfort of their homes—no flights required.

    “RealView360° removes geographical barriers,” adds Mr. Rajesh Myakala, Co-Founder and CEO of NearEstate.in. “We are enabling real estate professionals and sellers to present their properties to a global audience, ensuring that buyers get a real sense of what they are investing in—even from miles away.”

    Unlocking Value for Developers & Realtors

    For real estate developers, brokers, and agents, NearEstate.in is more than just a listing platform—it’s a marketing powerhouse that elevates how properties are presented to prospective buyers.

    • Higher Buyer Engagement: Properties with 360° virtual tours receive twice the inquiries as traditional listings.
    • Increased Conversion Rates:  Buyers make more informed decisions, reducing the need for multiple in-person visits and improving transaction efficiency.
    • Competitive Differentiation: In a crowded market, developers and agents leveraging NearEstate.in gain a distinct technological edge over traditional listings.

    Growth & Future Roadmap

    As a DPIIT-recognized startup under Startup India (DIPP165602) and a leading T-Hub incubated venture, NearEstate.in has rapidly expanded its presence across India’s key property markets, with a strong focus on Hyderabad, Bangalore, Pune, Chennai, and Mumbai.

    Looking ahead, NearEstate.in is set to roll out augmented reality (AR) features, allowing buyers to customize interiors virtually and visualize spaces in different layouts. The startup is also exploring AI-driven property recommendations and blockchain-backed transactions to enhance security and transparency in real estate dealings.

    “This milestone is just the beginning,” says Guddeti. “With emerging technologies like AR and AI, we are committed to making NearEstate.in the most innovative and trusted PropTech platform in India.”

    About NearEstate.in

    NearEstate.in is a leading PropTech startup based in T-Hub, Hyderabad, dedicated to transforming India’s real estate sector through VR and geospatial mapping technologies. Its flagship platform, RealView360°, enables buyers to explore properties in unparalleled virtual detail, helping developers and agents showcase listings with advanced digital marketing solutions.

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