In December 2023, a struggling founder facing lawsuits, zero income, and personal breakdown met one of India’s most successful entrepreneurs. What happened next will restore your faith in the startup world.
Imagine being at your lowest.
You’ve quit your job in the US. You’re not doing food brand deals anymore. Your bank balance is almost empty. And if that wasn’t enough—you have 8 legal notices staring you in the face.
No income. No fallback. No roadmap.
That was the situation one entrepreneur found themselves in late 2023. Then, at an event in December, they met Zerodha co-founder Nithin Kamath.
“He barely knew me. We had never even met before,” the founder recalls.
But what Kamath said in that moment changed everything:
“If you need any financial help, let me know. I’ll help out.”
Shocked by the offer, the founder hesitantly asked:
“How much equity would you want if you help me?”
Nithin smiled.
“None. I don’t want anything. I just want to support you.”
In an industry where every deal is a negotiation, this was unfiltered kindness.
No term sheet. No agenda. Just belief.
Belief that good work, good intentions, and good people deserve support—even when they’re down.
In an era obsessed with ROI, exits, and vanity metrics, this moment stood out for what it represented:
🟢 The ROI of character. 🟢 The value of integrity. 🟢 Backing people, not just spreadsheets.
“I didn’t take the money,” the founder later shared. “Because I want to try building something sustainable, not survive on contributions.”
But the gesture? It stayed.
“You didn’t just offer me help, Nithin. You inspired me.”
Why This Matters:
In a cutthroat ecosystem where VCs chase unicorns and founders are forced to pitch for basic survival, Nithin Kamath’s gesture stands tall.
He didn’t have to help. He chose to. That’s leadership.
TL;DR:
✅ One of India’s top founders offered financial help to someone he didn’t even know. ✅ Asked for zero equity. ✅ Did it quietly—offstage, no PR, no posturing. ✅ Gave something more valuable than money: belief.
🔥 Moral of the Story:
True wealth isn’t measured in stock price or exits. It’s measured in character.
Nithin Kamath just reminded the Indian startup ecosystem of that.
Ziniosa is India’s leading platform for buying and selling authenticated preloved luxury fashion.
The funds will be used to build the core team, enhance brand visibility, scale tech, and launch a physical store.
Ziniosa is the exclusive preloved fashion partner on the Tata CliQ Luxury with an 80% sell-through rate.
So far, Inflection Point Ventures has invested over INR 800 Cr across 210+ startups.
Ziniosa, a pre-loved luxury fashion platform, has raised an undisclosed amount of funding from Inflection Point Ventures (IPV), one of India’s largest angel investing platforms, to accelerate growth by building its core team, increasing consumer awareness, expanding brand exposure, enhancing technical capabilities, and opening a physical store.
Founded in 2020, Ziniosa has rapidly emerged as India’s leading platform for secondhand luxury fashion, enabling consumers to buy and sell authenticated preloved fashion items with ease. The platform hosts over 10,000 products across seven categories, including high-end brands like Louis Vuitton, Gucci, and Chanel.
Ziniosa was co-founded by Ashri Jaiswal and Varun Ramani, engineers-turned-entrepreneurs with extensive experience in e-commerce and product development across India and the US. Ashri brings over five years of project management expertise and is also a TEDx speaker and UN Women mentor. Varun has worked with global firms like Philips and Keithley and shares a strong background in e-commerce alongside Ashri.
Mitesh Shah, Co-Founder, Inflection Point Ventures, says, “The thrifting movement is gaining a lot of popularity in India. It makes luxury fashion more accessible and affordable, along with driving sustainable and mindful consumption. We’re very excited to be a part of this, along with Ziniosa and be able to offer high-end, quality fashion items to a growing market in India.”
Ziniosa is headquartered in Bangalore, with a warehouse in the same city. With a YoY growth rate of 40%, it currently has ₹15 crore worth of inventory entirely sourced at zero cost. Its platform boasts over 30,000 products and a database of 60+ brands, while maintaining CM1 profitability with minimal burn.
The startup operates on a zero-inventory acquisition cost model, resulting in higher margins and reduced financial risk. Its price protocols are data-backed, ensuring transparency, and its strict authentication system helps eliminate counterfeits, enhancing buyer trust and reinforcing its category leadership.
Ashri Jaiswal, Co-founder, Ziniosa, shares, “The preloved movement is just getting started—and at Ziniosa, we’re proud to be leading it as India’s fastest-growing, organised platform for luxury resale. We’re not just selling fashion; we’re changing how India shops.”
Varun Ramani, Co-founder, Ziniosa, adds, “With the support from IPV, we’re gearing up to scale Ziniosa across all fronts—expanding our team, strengthening our tech, and opening our first store within the next two years. We’re also growing our men’s category and significantly expanding our product catalogue to meet rising demand.”
Ziniosa is the only exclusive partner for preloved fashion on Tata Cliq Luxury. The startup has been incubated at NSRCEL (IIM Bangalore’s Entrepreneurship Cell) and NASSCOM/CWE, and boasts an 80% sell-through rate, among the highest in the industry.
The Indian luxury market is currently valued at INR 82,000 crore (~USD 10B), while the secondhand market in India is estimated at $3 billion. Globally, the preloved fashion market is projected to reach $350 billion by 2027, underscoring the vast opportunity Ziniosa is tapping into.
About Ziniosa
Ziniosa is redefining the secondhand fashion industry with a unique, tech-driven platform that makes buying and selling preloved luxury seamless and trustworthy. Founded by Ashri Jaiswal and Varun Ramani in 2020, the company operates in the circular fashion space and stands out with its zero-inventory model and strict authentication protocols.
About Inflection Point Ventures and Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 23,500+ CXOs, HNIs, and Professionals to invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to invest in Pre-Series A to Series B growth-stage start-ups. The fund has already deployed capital in two startups so far, with a few deals in advanced stages of the pipeline.
On World Hunger Day, it commits to distribute 70,000 meals daily in India and Zambia, totalling 2.50 crore meals in 2025-26 under its Hunger Free World initiative.
In the last 3 years since its launch, the initiative has provided 2.5 crore meals to the underprivileged.
Malabar Group has dedicated 60% of its annual CSR budget to initiatives aimed at eradicating hunger and poverty, reinforcing its commitment to make a deeper social impact.
Malabar Group, India’s leading business conglomerate and the parent company of Malabar Gold & Diamonds, has allocated INR 150 crore in 2025-26 for scaling up its CSR initiatives focused on healthcare, education, hunger & poverty alleviation, women empowerment, environment protection and housing for the less privileged.
Under its flagship CSR initiative ‘The Hunger Free World’, the Group has committed to distribute 70,000 meals daily in India and Zambia to the underprivileged, totalling 2.50 crore meals in 2025- 26. This represents a significant leap from its cumulative achievement of 2.5 crore meals served over the past 3 years and signals a deepened commitment to the cause of food security for underserved communities. The initiative is aligned with the United Nations’ Sustainable Development Goal 2 – Zero Hunger.
At an event held at the Dr. Ambedkar International Centre, Janpath, New Delhi, on May 28, 2025, which also marks World Hunger Day, Dr. Amitabh Kant, former CEO of NITI Aayog & G-20 Sherpa, launched the next phase of the Group’s CSR programmes. Other dignitaries included M.P. Ahammed, Chairman of Malabar Group; KP Abdul Salam, Vice Chairman; O Asher, Managing Director of India Operations; Group Executive Directors Nishad A K and K P Veerankutty; Group Director PA Abdulla Ibrahim; Dr. Idrees V, Chairman, THANAL Daya Rehabilitation Trust; Jishad N K, Zonal Head – North and other management officiates.
Commenting on the initiative, MP Ahammed, Chairman of Malabar Group said, “At Malabar Group, CSR is an integral part of our culture and we believe in giving back to society. We dedicate May 28 as our annual CSR day; we reaffirm our pledge to stand with the underserved through sustained and impactful action. Our CSR initiatives are a reflection of that enduring commitment. While we are doing our utmost, a greater impact can be achieved if more organisations join this mission. With 295 million people globally facing acute hunger (as per UN data), immediate action is non-negotiable. This urgency drives our meal distribution efforts under the Hunger Free World initiative. Having said that, along with food distribution, the need of the hour is concerted efforts to boost production, creating jobs, and fostering economic growth to bring in sustainable change.”
The Hunger Free World project currently distributes 70,000 meal packets daily across India and Zambia. In India, over 60,000 nutrient-rich meals are provided daily through 167 centres spanning 20 states. In Zambia, the group collaborates with the Zambian government to serve daily meals to 10,000 students across three schools. The Hunger Free World project operates state-of-the-art kitchens equipped with modern facilities and staffed by trained culinary experts and hygiene-conscious personnel.
Under its educational and social welfare initiative, Malabar Group has established 716 micro learning centres across India, providing primary education and nutrition to street children. Over 32,000 children have enrolled, with 9,000 already integrated into formal schools. This project is being run in collaboration with Thanal. In addition, scholarships have been awarded to 1,14,000 girls to support their education.
The Group has also launched an initiative called Grandma Homes, under which shelters have been built to offer free accommodation and care for destitute women. Currently operational in Bengaluru, Kerala and Hyderabad. Plans are underway to expand the initiative to Chennai, Kolkata, Delhi, and Mumbai.
On the healthcare and disaster relief front, the Group has plans to set up non-profit medical stores in all 140 locations in Kerala, offering medicines at subsidised rates. Such stores are already operational in 27 locations in the state.
Malabar Group has also launched the Uyirppu Project, which supports higher education for children affected by last year’s landslide in Wayanad, providing financial aid to 134 students. Since its inception, Malabar Gold and Diamonds has been allocating 5% of its profits to social welfare.
About Malabar Gold & Diamonds
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. With an annual turnover of $6.2 billion, the company is currently the 6th largest jewellery retailer globally and the 19th ranked brand in Deloitte’s Luxury Goods World Ranking. They have a strong retail network of over 390 showrooms spread across 13 countries in addition to multiple offices, design centres, wholesale units, and factories spread across India, the Middle East, the Far East, the USA, the UK, Canada & Australia. Malabar Gold & Diamonds also features an online showroom www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favourite jewellery at any time and on any day from the comfort of their homes.
ESG (Environmental, Social & Governance) and CSR have been the primary commitments of the group since its inception. The key focus areas of the Malabar Group are Health, Housing, Hunger Free World, Education, Environment and Women empowerment, integrating the principles of responsibility and sustainability into its core business.
Set to expand to 200+ micro-markets across Metro cities in India in the next 9 months
Snabbit has raised $19 million in its Series B round, led by Lightspeed, with continued participation from Elevation Capital and Nexus Venture Partners. This comes just four months after its Series A and reflects deep conviction in Snabbit’s breakout potential and the massive white space it is unlocking in the Indian consumer internet ecosystem.
Founded in 2024 by Aayush Agarwal, Snabbit has sparked a digital revolution in regular home services, one of India’s largest yet most underserved categories. For decades, this space has remained fragmented, informal, and overlooked by innovation. Snabbit’s unique hyperlocal model, where trained and verified Experts are allocated in real-time to deliver high-frequency home services, is fundamentally reimagining how urban Indian households function.
“At Snabbit, we’re leading the biggest disruption in Indian consumer internet today, fundamentally changing how households access regular services,” said Aayush Agarwal, Founder & CEO. “While ride-hailing transformed mobility and e-commerce reshaped fashion, regular home services remained largely undigitized. With Snabbit, we’re solving for trust, quality and speed, all at the tap of a button. The need is universal, the category is massive, and we’re just getting started.”
Snabbit’s impact goes well beyond convenience for customers. At the heart of the platform are women who were once part of an unstructured, unstable ecosystem. “What makes this journey truly meaningful is the transformation in their lives,” said Aayush. “They now have Aadhaar-linked bank accounts, personal and family insurance, and steady monthly incomes. Once invisible and underpaid, they’re now trained, trusted, and celebrated professionals. For customers, Snabbit is about quality and speed – for our Experts, it’s about dignity, stability, and real upward mobility.”
Rahul Taneja, Partner at Lightspeed, shared: “Snabbit is transforming home services in India by bringing speed, structure, and trust to a sector that has largely operated informally until now. Aayush and the team are building a platform for urban households; a completely new category that will cater to the needs of millions. We are excited to join them on this journey and support their mission to transform and scale what was once considered a luxury into a day-to-day necessity.”
“Snabbit continues to execute with clarity and purpose in a space that’s long overdue for change,” said Suvir Sujan, Co-Founder and Managing Director, Nexus Venture Partners. “They’ve taken a complex, hyperlocal problem and built a scalable, full-stack solution that delivers value to both consumers and professionals.”
Talking about the investment, Manish Advani, Principal, Elevation Capital, said, “Snabbit’s hyperlocal model is cracking the code in one of India’s most complex and underserved categories. Their rapid growth underscores both the scale of unmet demand and their ability to convert a trust-deficit sector into a seamless, on-demand experience. We have deep conviction in Aayush and the team as they build the backbone infrastructure that will make quality home services routine, reliable and extremely convenient.”
With this fresh capital, Snabbit aims to scale across India’s top metro cities and launch in 200+ micro-markets over the next 9 months, building India’s first true operating system for quick home services, powered by tech, trust, and trained Experts.
About Snabbit
Founded in 2024 by Aayush Agarwal, Snabbit is India’s first Quick-Service App offering on-demand home services. With a hyperlocal network operating in dense residential clusters, Snabbit guarantees quality and speed, pioneering a service delivery model that provides trusted and trained experts within 10 minutes. Backed by Lightspeed, Nexus Venture Partners and Elevation Capital, Snabbit takes a full-stack approach to sourcing, training, and managing experts. Combined with an innovative time-based pricing model, Snabbit simplifies daily life for urban families while creating respectable, well-paying opportunities for a workforce that has long been fragmented and unorganised.
About Lightspeed
Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally, including Affirm, Acceldata, Carta, Cato Networks, Darwinbox, Epic Games, Faire, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Physics Wallah, Razorpay, Rubrik, Sharechat, Snap, OYO Rooms, Ultima Genomics, Zepto and more. Lightspeed and its global team currently manage $25B+ in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia.
Welcome to today’s funding news roundup! Here is the latest funding news from India for 28 May 2025. Companies across sectors such as spacetech, AI, fashion, finance, and agritech have recently raised capital to support their growth and expansion plans. Read on for a detailed overview of today’s key funding announcements.
💰 Indian Funding News Roundup: 28 May 2025
Orbitt Space Raises $1 Million in Pre-Seed Funding
Orbitt Space, an emerging player in the Indian spacetech ecosystem, has secured $1 million in a pre-seed funding round. The round was led by IIMA Ventures, marking a significant boost to the company’s ambitions in satellite technology and space exploration.
SenseAI Leads $1.2 Million Seed Round for AI Startup Contineu
Contineu, an AI startup focused on advancing machine learning solutions, has raised $1.2 million in seed funding with SenseAI as the lead investor. This capital will help accelerate product development and market expansion.
Myntra Bags $125 Million from Singapore-Based Parent
Leading Indian fashion e-commerce platform Myntra has received a $125 million capital infusion from its Singapore-based parent company. This fresh capital is expected to support Myntra’s growth initiatives and strengthen its position in the competitive online retail market.
Brookfield Infrastructure to Redeem Series 1 Preferred Units
Brookfield Asset Management has announced plans to redeem its Series 1 preferred units, marking a strategic move in its financial structuring. The redemption will impact its preferred equity holdings and financial positioning.
Dry Fruit Brand Bolas Seeks INR 900 Crore Investment
Bolas, a prominent dry fruit brand in India, is seeking INR 900 crore to scale operations and expand its product portfolio. This move highlights growing investor interest in the food and FMCG sectors.
Simply Nam Secures Funding from Bhaane Group to Expand in India’s Beauty Market
Simply Nam, a beauty brand focused on natural products, has secured funding from the Bhaane Group. This investment will facilitate its expansion across India’s rapidly growing beauty and personal care market.
Pallet Secures $27 Million in Series B for AI Supply Chain Tech
AI-driven supply chain technology provider Pallet has raised $27 million in a Series B funding round. The funds will support development of advanced AI solutions to optimise supply chain operations globally.
Saarathi Finance Raises INR 475 Crore to Boost Credit Access for Micro & Nano Businesses
Saarathi Finance has raised INR 475 crore to enhance credit accessibility for micro and nano enterprises. The capital injection aims to empower small businesses and promote financial inclusion.
GyanDhan Secures Nearly $6 Million in Funding
Edtech platform GyanDhan has raised close to $6 million to expand its suite of financial products and services for students seeking education loans and scholarships. This funding will be pivotal for scaling its operations.
GROWiT Raises $3 Million in Series A for Agritech Expansion
Agritech startup GROWiT has closed a $3 million Series A funding round to support its expansion in agricultural technology. The fresh capital will help innovate and enhance farming solutions for Indian farmers.
In Conclusion, India’s Funding Momentum Continues to Rise
India’s funding scene is buzzing with new investments across different sectors like spacetech, AI, fashion, finance, and agriculture. Both startups and bigger companies are raising money to grow and improve their services. These funding rounds show that investors are excited about the future of Indian businesses. We’ll keep you updated with the latest funding news.
The Bear House, a contemporary men’s apparel and accessories brand specialising in smart casuals, has announced its first global presence in the Gulf Cooperation Council (GCC) market.
Touted as the launchpad for the brand’s deeper international growth, the latest move targets an expansive physical retail and omnichannel presence in the region. The Middle East, with its high demand for premium men’s fashion and strong e-commerce infrastructure, offers a natural fit for The Bear House’s smart casual positioning.
The Bear House’s range of comfort-led silhouettes, timeless styles with regional adaptability, and hybrid wardrobe essentials are available on local GCC platforms like Noon, Namshi, and Amazon. These platforms were strategically chosen for their established trust, high traffic, and logistical maturity in the region, offering the fastest way for The Bear House to connect with a relevant, fashion-forward audience.
Speaking on the launch, Harsh Somaiya, Co-Founder of The Bear House, said, “This is our first major step towards becoming a global Indian brand. The Bear House fills in the ‘affordable luxury’ gap for the GCC consumer, who currently has only two choices — high-end luxury brands and value brands. The UAE, being the fashion and e-commerce hub of the GCC, offers a brand like ours developed infrastructure, a ready consumer base, and market accessibility, making it an ideal gateway for expansion into the wider Middle Eastern market and a natural extension of our current business in India. Smart casuals are becoming a staple for professionals in the GCC, aligning closely with our core offering.”
The Bear House has been on an expansion drive in India over the past couple of years, successfully foraying into physical retail with stores in Bangalore and Hyderabad, growing from an online-only presence. Earlier this year, The Bear House also garnered national attention by appearing on Shark Tank India Season 4 and securing an INR 3 crore investment from Shark Namita Thapar, Executive Director of Emcure Pharmaceuticals. It significantly accelerated its brand visibility and momentum for growth.
About The Bear House
The Bear House is a contemporary men’s apparel and accessories brand redefining smart casuals with elevated essentials since 2017. Founded by Tanvi and Harsh Somaiya, the brand curates a range of shirts, t-shirts, denims, polos, blazers, accessories, and footwear, crafted for men who go everywhere and do everything.
Rooted in European style and minimalist aesthetics, The Bear House blends sophistication with comfort, creating uncluttered, effortless, and always relevant fashion. With a philosophy of elevated core, it champions timeless essentials over fleeting trends, forming a community of modern, style-conscious men.
Featured on Shark Tank India, The Bear House is scaling rapidly, aiming to surpass INR 250 crore in net revenue with 80%+ YoY growth. The Bear House also recently raised INR 50 crore in a Series A funding round led by JM Financial India Growth Fund III, further accelerating its expansion and market leadership. Leading Myntra’s shirt category, its collections are available on its website, app, Tata Cliq, Nykaa, Amazon, Zepto, and in four retail stores, including two with Broadway, across Delhi, Bangalore and Hyderabad.
A group has apparently been established by the Ministry of Electronics and Information Technology (MeitY) to develop the national framework for global capacity centres (GCCs).
The National Association of Software and Service Companies (NASSCOM), GCC consulting firms Zinnov Consulting and ANSR, accounting giant KPMG, and the national investment promotion and facilitation agency Invest India make up the newly established committee, according to a media report that cited people with knowledge of the situation.
In order to centralise and deliver its business services and technology for worldwide operations, a multinational corporation established a GCC in-house subsidiary in a particular place. Notably, a national framework would be established to direct states in promoting GCCs in tier II cities, according to the Union Budget 2025–2026.
The Centre stated at the time that this framework would recommend actions such as infrastructure, talent availability, bylaw amendments, and possible industry cooperation.
Madhya Pradesh Showing Keen Interest to Lead Digital and Technological Sector
Madhya Pradesh also unveiled a specific GCC policy earlier this year in an effort to establish itself as a centre for technology and the digital world.
At the time, the state claimed that the goal of this strategy was to draw in investments in fields including business process outsourcing (BPO), engineering, finance, and information technology.
In order to oversee the implementation of this strategy, the Madhya Pradesh State Electronics Development Corporation Limited (MPSeDC) was selected as the nodal agency. In addition, Bengal intends to implement GCC and semiconductor regulations to entice investment in the GCC, drones, and semiconductor industries.
GCC Market Sprawling its Nexus in India
India is currently experiencing a revolution in technology. A number of AI, machine learning, cloud computing, and blockchain technologies have emerged and been adopted throughout the last ten years.
According to a Zinnov analysis, over 86% of Indian GCC countries used AI and ML at scale for hyperpersonalisation, process automation, and predictive analytics in FY24. In addition, 82% of the centres now use cloud computing as their core infrastructure. In addition to serving the IT and BFSI sectors, the GCC market in India is at the forefront of innovation in fintech, agritech, healthcare, and logistics.
The result of all of this is the development of ability and skills. More than 1.9 million professionals were employed in the Indian GCC in 2024, according to many media estimates.
The government estimates that by 2030, the GCC market in India will be worth $105 billion. Around 2,400 GCC countries are expected to employ over 2.8 million people by that time, securing India’s position as a major global centre for innovation and business operations.
The hospitality giant OYO has apparently resumed talks for its public offering amidst the persistent rumours surrounding its IPO. The company plans to submit its draft red herring prospectus (DRHP) to SEBI between August and September of this year.
According to a news agency citing sources, the firm has had preliminary talks with several investment banks, who have stated that OYO may fetch between $6 billion and $7 billion when it goes public.
The firm plans to make its market debut by the March quarter (Q4) of fiscal year 2025–2026 (FY26). Notably, after abandoning plans to go public in 2022 and 2024, this would be OYO’s third try.
A key meeting between OYO’s board and officials of SoftBank, which owns more than 30% of the business, is planned for London next month.
SoftBank Pushing OYO’s IPO Plans
SoftBank reportedly suggested that OYO postpone its IPO aspirations for several months, according to reports that surfaced weeks ago.
According to another media outlet, OYO had previously stated that it aimed to list by October of this year, but after SoftBank’s intervention, the business moved the deadline to March 2026.
As per earlier reports, CEO Ritesh Agarwal was under pressure from creditors to speed up the IPO process.
To put things in perspective, Agarwal increased his ownership of OYO in 2019 by taking out a $2.2 billion loan that was personally guaranteed by Masayoshi Son of SoftBank. One instalment of $383 million was due in December 2025 as part of the restructured debt.
OYO Ringing the Profit Bells
In FY25, OYO declared a profit of INR 623 crore. Strong growth in its portfolio of premium hotels and international development drove a 172% increase in profit after tax and a 20% increase in revenue to INR 6,463 crore compared to the previous year.
Additionally, OYO recently settled a significant legal challenge, coinciding with the relaunched IPO attempt. The Delhi High Court decided in favour of OYO in its protracted dispute with ZO Rooms’ parent business, Zostel Hospitality, in May 2025.
Because there was no legally binding acquisition agreement between the two corporations, the court overturned an earlier arbitral ruling.
It came to the conclusion that during the unsuccessful deal negotiations that began in 2015, OYO had not violated any contractual duties.
OYO’s Previous IPO Attempt
Oyo filed and refiled its draft papers with the Securities and Exchange Board of India (SEBI) in 2021 in an attempt to collect INR 8,430 crore through an IPO.
This is the reason for the ongoing effort for an IPO. In May 2024, the business eventually retracted such documents.
Oyo has recently strengthened its position in important markets like India, the US, Europe, and Southeast Asia while streamlining its international operations.
According to sources, the company’s enhanced operational effectiveness and financial indicators have boosted investor confidence, which is why it is making a second bid to go public.
The Reserve Bank of India (RBI) has given PayPal Payments Pvt Ltd (PayPal), the Indian division of PayPal Holdings Inc., in-principle permission to function as a Payment AggregatorCrossBorderExports (PA-CB-E).
According to a statement from the company, this is a significant turning point in PayPal’s activities in India and its ongoing assistance for Indian small businesses, allowing safe cross-border payments to about 200 markets.
India’s Exports Reached USD 73.8 Billion
The decision coincides with India’s exports hitting USD 73.8 billion in April 2025, highlighting the growing strength of international trade.
The RBI’s in-principle PA-CB-E approval is a major milestone for PayPal, according to Nath Parameshwaran, Senior Director of Government Relations at PayPal India. It demonstrates the robustness of India’s regulatory framework and the advancements made in the direction of safe, simple cross-border transactions.
He added further that the PayPal is still dedicated to providing Indian companies with reliable digital payment solutions as the country develops into a major exporting hub.
PayPal is working to make international selling easier for Indian small businesses with a growing range of locally tailored products, including PayPal Checkout, PayPal Invoicing, and No-Code checkout solutions.
PayPal Connect India’s Small Business with Global Commerce: Murshed
Over the past 25 years, PayPal has demonstrated its ability to innovate at each significant turning point in the business world, according to Abid Murshed, Head of Sales at PayPal India.
Murshed went on to say that the organisation has been in business in India for over ten years, providing reliable and secure payment options that allow freelancers and small enterprises to engage in international trade.
PayPal supports its clients as they grow into new trade corridors and satisfy changing global customer expectations as trade dynamics change, bringing with them both new opportunities and challenges.
PayPal said that the in-principle clearance enables it to continue providing cross-border payment services in a regulated environment, giving Indian merchants more security, consistency, and transparency in their international transactions.
According to the statement, this creates new opportunities for localised product developments, better customer experiences, and easier access to PayPal’s worldwide payment network for Indian freelancers, small businesses, and major corporations.
How PayPal Operates?
Founded in March 2000, PayPal is an American online retailer that focuses on online money transfers. By allowing users to connect their PayPal accounts to their personal bank accounts and credit cards, the company speeds up payments and transfers compared to traditional methods of money transmission.
PayPal’s main source of income is the transaction fees it charges customers and businesses on a per-transaction basis.
A number of additional activities and transaction types, such as cross-border transactions, currency conversions, expedited money transfers to clients’ bank accounts or debit cards, and cryptocurrency transactions, all generate fees for the digital payments platform.
This Menstrual Hygiene Day, Plush and Blinkit are delivering more than just pads; they’re delivering a wake-up call.
In a disruptive offline-first campaign, Plush – India’s favourite femcare brand – partners with quick commerce company, Blinkit, to turn homes into ground zero for cultural change.
Each home receives what looks like a formal legal envelope – the kind that usually spells trouble. But inside is something far more urgent: A bold call to action.
“This is your final notice to put your comfort first.”
With a Plush 100% rash-free pad.
This bold activation is part of Plush’s mission to build a #PeriodFriendlyWorld – a world where period care isn’t whispered about, hidden away, or treated like an afterthought. It’s about dignity, not discomfort. Confidence, not compromise. It’s about serving notice to silence, stigma, and shame.
The campaign also builds on Plush’s digital movement, “Volume Up. Period.” – based on a powerful insight: most menstruators instinctively lower their voices when talking about periods. Not because they want to, but because they’ve been conditioned to. This campaign aims to change that, encouraging menstruators to raise their voices and make the change.
And we are here to change that & turn the Volume up. Period.
“Periods have been tiptoed around for too long – inside homes, offices, and even marketing boardrooms,” says Prince Kapoor, Co-founder of Plush.“This campaign isn’t just about delivering pads – it’s about speaking up. To expect better. To demand comfort. To turn the Volume Up. Period. We’re proud to do it in partnership with Blinkit, who help us take this message straight into the homes where it matters most.”
Anish Shrivastava, Senior Vice President – Revenue, Blinkit, said, “This Menstrual Hygiene Day, we’re proud to collaborate with a femcare brand like Plush to support a cause that underscores the need for period care to be seen, respected, and prioritized. It’s about making room for honest conversations, and ensuring that something so fundamental is never out of reach.”
With Blinkit’s delivery network and Plush’s comfort-first innovation, this campaign sets a precedent for how brands can drive cultural change through creative collaboration and direct-to-home consumer engagement.
As part of the activation, anyone ordering feminine hygiene products on Blinkit in Bengaluru, Hyderabad, Mumbai, Pune, and Chennai on May 27th and 28th will receive this bold ‘Public Interest Notice’ envelope, with the campaign aiming to reach over 25,000 homes, sparking meaningful conversations right at their doorstep.
This Menstrual Hygiene Day, Plush isn’t just sparking a conversation – It’s rewriting the tone of it. Because building a #PeriodFriendlyWorld means breaking down what’s been normalised for too long – and turning up the volume on what menstruators truly deserve.
And it all starts with one powerful delivery.
About Plush Pads
Plush Pads is India’s leading premium period care brand, committed to delivering rash-free, toxin-free, and ultra-comfortable sanitary products. With a focus on thoughtful innovation and sustainability, Plush Pads continues to redefine the conversation around menstrual wellness.
