Tag: #news

Tired of your UPI limits? Unable to shop, travel, pay credit card bills, or pay insurance via UPI? Well, good news, that won’t be a problem anymore, because the new limits are effective from 15 September 2025. According to the Government of India Press Information Bureau, about 640 million transactions are made every day. Such is the big deal with digital payments in India. Well, this substantial number is what is driving NPCI (National Payments Corporation of India, the body behind UPI) to change the limits. So, what do the new limits look like? Can you now happily transfer more than 1 lakh a day, or is that still unchanged? Learn all the new limits below.

New UPI Limits and Why Should They Matter to You?

Let’s say paying insurance premiums, IPO, or travel booking for your whole family or friends group that’s costing you more than 1 lakh. You couldn’t do it with the current UPI limits. The only resort was to use NEFT/RTGS/net banking, which takes time. And at times, people get fined for the delay in pay. With these new UPI limits, you will not have such problems starting September 15, 2025.

You can make any instant, high-value payments directly from your UPI app, especially for:

✅ Big insurance premiums

✅ Large investments (stocks, IPOs, mutual funds)

✅ Government contracts/payments

✅ Costly travel bookings

✅ Jewellery purchases

✅ Credit card bills

The New Limits (Category-Wise)

Capital Markets & Investments (like buying shares, mutual funds, IPOs)

• It’s ₹5 lakh per transaction.
• And an overall daily limit of ₹ 10 lakh.

Insurance Premium Payments

• You can make ₹5 lakh per transaction.
• And a ₹10 lakh daily limit.

Government e-Marketplace (GeM – govt. procurement portal)

• About ₹5 lakh per transaction.
• And a ₹10 lakh daily limit.

Travel Bookings (including flights, trains, hotels, etc.)

• Now you can enjoy a ₹5 lakh per transaction.
• And a comfortable ₹10 lakh daily limit.

Credit Card Payments

• You can pay up to ₹5 lakh per transaction using credit cards.
• And a daily limit of ₹6 lakh.

Jewellery Purchases

• Pay up to ₹5 lakh per transaction.
• And the limit ends at ₹6 lakh a day.

Business / Merchant Transactions (like large business payments, collections)

• ₹5 lakh per transaction
• You can make ₹5 lakh per transaction.
• And there’s no daily cap (meaning unlimited as long as each is ≤ ₹5 lakh).

Foreign Exchange Retail (via BBPS – Bharat Bill Payment System)

• ₹5 lakh per transaction.
• And a ₹5 lakh daily limit.

Digital Account Opening (initial funding for new accounts)

• These account holders can go up to ₹2 lakh per transaction.
• And ₹2 lakh as a daily limit. 

New UPI Limits, What’s NOT Changing?

Several are waiting for a limit of more than ₹ 1 lakh a day, but sadly, that’s not happening. Your Regular UPI payments (like P2P between two people, a friend, or a shopkeeper) will still be capped at ₹1 lakh per transaction.

And your daily merchant payment (like online or offline shopping) will all remain unchanged. 

Why Is NPCI Changing the UPI Limits?

UPI is one of the fastest-growing digital payment systems in the world. NPCI reported 11 billion UPI transactions in August alone. That’s a record high number. And according to the Government of India Press Information Bureau, about 640 million transactions are made every day compared to Visa’s 639 million. To meet such a growing demand, the NPCI brought in new changes that will:

✅ Save time for all

✅ Make payments smoother and instant for everyone

✅ Replace old methods (NEFT, RTGS) because they take a long time to process

✅ Help businesses and customers handle large payments digitally

Pankaj Tripathi, Founder and CEO of Vernost, said, “An important turning point in India’s digital financial journey has been reached with the increase of the UPI transaction limit to Rs 10 lakh for high-value transactions in sectors like capital markets and insurance. The increase demonstrates an additional level of confidence in the platform’s scale and dependability, as UPI processes over 11 billion transactions per month as of August 2025.”

Apple, led by CEO Tim Cook, has launched the iPhone 17 series in India, including the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and the slim iPhone Air. This release not only brings new technology to users but also highlights Apple’s growing focus on local manufacturing and its potential impact on startups.

Key Features of iPhone 17

The iPhone 17 comes with several upgrades. The camera system now includes a 200-megapixel main sensor and improved night photography. AI-powered image processing helps users capture professional-quality photos and videos directly from the phone.

Performance is enhanced by the A22 Bionic chip, offering faster processing and better energy efficiency. Battery life has also improved, allowing longer usage without slowing down.

On the software side, iOS 21 brings a cleaner interface, stronger privacy features, and better AR tools, which can help startups in gaming, retail, and education build new user experiences.

Other notable features include satellite connectivity for emergency messaging in areas without network coverage and improved biometric security with Face ID and under-display Touch ID.

iPhone 17 Pricing in India

The iPhone 17 series is priced as follows:

• iPhone 17 (256GB): INR 82,900
• iPhone Air (256GB): INR 1,19,900
• iPhone 17 Pro (256GB): INR 1,34,900
• iPhone 17 Pro Max (256GB): INR 1,49,900

These prices reflect Apple’s strategy to offer options for different users while maintaining premium features like 120Hz displays, 48MP cameras, and the A19 Bionic chip.

‘Made in India’ Manufacturing

Apple has increased local production in India, with Foxconn and Tata managing several factories. The Devanahalli plant in Bengaluru is one of the largest iPhone production sites outside China. This step reduces reliance on China, strengthens Apple’s presence in India, and may gradually help in stabilising prices.

Market and Industry Impact

The iPhone 17 launch is expected to shake up the smartphone market. Competitors like Samsung, Google, and Xiaomi may need to match Apple’s AI, camera, and AR advancements. Analysts say the launch could increase Apple’s market share, particularly in the premium segment.

The launch also sets a trend for AI and AR integration in smartphones. As consumers expect smarter devices, other brands may follow, creating opportunities for tech innovation across the industry.

Opportunities for Startups

The iPhone 17 series offers multiple opportunities for startups:

• App Development: AR features and the A22 chip allow more interactive and immersive apps.
• Accessories: Startups can innovate in cases, chargers, and other peripherals.
• Local Manufacturing & Supply Chain: Entrepreneurs can explore component production, assembly, and logistics, aligned with Apple’s Made in India initiative.

The iPhone 17 launch in India combines advanced technology with local manufacturing, providing premium options for consumers while opening new opportunities for startups to innovate and grow.

Larry Ellison, co-founder of Oracle Corporation, briefly overtook Elon Musk to become the world’s richest person on 10 September 2025. This shift came after a sharp rise in Oracle’s stock price, driven by major AI cloud computing deals. Ellison’s net worth reached an estimated $393 billion, surpassing Musk’s $384 billion for a short period.

Oracle’s Stock Jump and Big Deals

Oracle shares rose around 43% after the company announced a major five-year cloud computing contract with OpenAI worth $300 billion. The deal is considered one of the largest cloud contracts in history. Oracle is also involved in the $500 billion Stargate AI infrastructure project, strengthening its position in the technology sector.

The company’s partnerships with global tech giants like Amazon, Microsoft, and Alphabet have added investor confidence. This surge in Oracle’s stock value directly contributed to Ellison moving past Musk in the billionaire rankings, if only temporarily.

Ellison’s Investments and Business Influence

Beyond Oracle, Ellison’s wealth is strengthened by strategic investments in various sectors. He owns a significant stake in Tesla, a Hawaiian island, a professional sailing team, and the Indian Wells tennis tournament. In 2012, Ellison purchased 98% of the Hawaiian island of Lānaʻi for $300 million, with the remaining 2% owned by the state and individual homeowners. He has invested in transforming the island into an ultra-luxury destination.

Ellison acquired the Indian Wells Tennis Garden and the BNP Paribas Open in 2009. His ownership has led to significant improvements in the facility, including the construction of a 16,100-seat stadium, making it one of the premier tennis venues in the world.

His close ties to Elon Musk and former President Donald Trump have also kept him in the spotlight. Ellison previously served on Tesla’s board and supported Musk’s acquisition of Twitter (now X).

Billionaire Rankings Are Always Changing

By the end of trading on 10 September, Oracle’s stock settled slightly lower, bringing Ellison’s net worth closer to Musk’s. This shows how quickly billionaire rankings can change, often affected by stock performance, business deals, and market trends.

Ellison’s brief rise to the top highlights the impact of major contracts and investments on wealth. It also reflects the volatility of the tech industry, where fortunes can shift in days or even hours.

Final Thoughts

Larry Ellison’s temporary position as the world’s richest person shows how business success and strategic investments can quickly alter financial standings. Both Ellison and Musk continue to lead companies that are central to technology and innovation, making their wealth closely tied to ongoing global developments.

Oracle Shoots for the Clouds: Stock Jumps 32% on AI-Powered Cloud Hopes

As the stock price soared, Oracle set its road map from $20B (revenue) to $144B (revenue target) by 2030. Reality or Just Hype? Learn more.

StartupTalkyAdepu Bindu

Meesho today announced the return of its Mega Blockbuster Sale, beginning from September 19th. The flagship sale event has become a fixture in India’s festive shopping calendar, connecting value-conscious consumers and sellers across the country. Meesho aims to deliver a wide selection and accessibility to households in India. 

In preparation for the event, sellers on the platform are ramping up their selection and capacity to meet festive demand. Alongside this, a wide range of brands on Meesho Mall are introducing festive collections across fashion, beauty, and home essentials, offering customers a broader choice this season.

This year, Meesho is strengthening content-driven commerce through formats like short videos and live streams, making festive shopping engaging for customers while creating new avenues for sellers and brands to reach audiences. Further, the platform is leveraging AI to enhance discovery and personalization, while also strengthening system preparedness for demanding periods.

Festive preparations are also creating opportunities across the ecosystem, with logistics partners scaling up to meet seasonal demand. This includes onboarding additional staff, expanding storage facilities, and enhancing delivery capacity across regions. In total, Meesho’s seller and logistics network is enabling ~12 lakh seasonal job opportunities this year, with more than 70% of these being created in tier 3 and tier 4 regions. These roles span manufacturing, packaging, sorting, delivery, and other functions critical to meeting festive demand. 

With these preparations underway, Meesho is set to usher in the festive season by bringing together customers, sellers, brands, creators, and logistics partners on a single platform, on a single platform to celebrate the festive season.

Meesho Creates 12 Lakh Festive Jobs, 70% in Small Towns

Meesho has generated about 12 lakh seasonal jobs ahead of the festive season, marking a 40% rise from last year. Around 5.5 lakh roles came through sellers, while 6.7 lakh were in logistics, nearly doubling from 2024.

StartupTalkyStartupTalky News

SIG Tattva, the corporate venture capital arm of Somany Impresa Group (promoter group of AGI Greenpac Limited – BSE: 500187 and Hindware Home Innovation Limited – BSE: 542905), announced an investment of INR 3.5 crore in Crion Technologies, a pioneering company developing advanced digital solutions in IoT, AI, AR/VR, and cloud technologies.

Crion’s flagship digital twin platform, Clonos, is redefining asset management by providing real-time insights and predictive capabilities, helping enterprises drive efficiency, reduce downtime, and make smarter decisions.

Vishnuvardhan Jayachandran, CEO of Crion Technologies, said, “We are thrilled to partner with SIG Tattva. This collaboration gives us the momentum to scale faster, accelerate product development, and take Clonos into new markets. What excites us most is working with an industry group that truly understands how transformative technologies can reshape manufacturing, utilities, and infrastructure. Together, we can unlock meaningful impact at scale.”

Alongside the investment, SIG Tattva also launched its flagship ‘Pilot Before Pitch (PBP)’ program — an industry-first initiative designed to reshape how start-ups and enterprises collaborate. The launch brought together leading venture capital firms, start-ups, academia, and senior leaders from Somany Impresa Group for a day of open innovation. Participating VCs included Huddle Ventures, TVS Capital, Pontaq, Alteria Capital, Arali Ventures, Forge, and Nirman Venture, among others. The program featured start-up showcases, interactive discussions, and a panel with industry, VC, and academic stakeholders on how models like PBP can accelerate adoption of breakthrough solutions in real-world contexts.

Commenting on the dual announcement, Shashvat Somany, Founder of SIG Tattva, said, “We are proud to announce our investment with Crion Technologies, a partnership that sets the tone for the kind of deep-tech ventures we want to back and scale. What excites us about Clonos is its ability to prove value quickly inside industrial operations — a critical requirement for technologies looking to scale. And with the launch of our Pilot Before Pitch program, we want to give start-ups the opportunity to validate solutions in real-world environments and then support them to scale. It’s about creating a model where industry and innovation grow hand-in-hand.”

As part of the PBP launch, SIG Tattva hosted leading venture capital firms, incubators, and accelerators at AGI Greenpac’s Bhongir Glass Manufacturing Plant – India’s largest glass bottle manufacturing facility. The visit showcased the Group’s advanced manufacturing capabilities and demonstrated how start-ups can engage with SIG Tattva to access industry-scale environments, operational expertise, and execution pathways. Participants also explored opportunities to co-create solutions and advance open innovation through pilots in live industrial settings.

Sriharsha Bandaluppi, Head of SIG Tattva, added, “The Pilot Before Pitch launch is an opportunity to bring the ecosystem together, with venture investors, academia, and start-ups under one roof. This collaboration highlighted the role industry can play in working alongside innovators to accelerate adoption. The visit to our Bhongir plant further reinforced this spirit, giving participants a first-hand view of the scale at which solutions can be tested and our commitment to building a truly collaborative model for India’s start-up ecosystem.”

With PBP, SIG Tattva aims to build one of India’s most collaborative deep-tech ecosystems — where start-ups, investors, and industry co-create solutions for the future.

About SIG Tattva

SIG Tattva, the corporate venture capital arm of Somany Impresa Group, empowers visionary founders and transformative startups. Inspired by the Sanskrit word “Tattva” – meaning essence, principle, or fundamental truth – the platform reflects a commitment to truth, excellence, and progress.

Focusing on early-stage ventures in deep-tech manufacturing, enterprise SaaS, clean technologies, next-generation e-commerce, and disruptive product innovations, SIG Tattva goes beyond capital to provide strategic guidance, industry access, and operational expertise. By bridging entrepreneurs with real-world industrial ecosystems, it aims to accelerate breakthrough ideas and strengthen India’s deep-tech innovation landscape.

An electric mobility company, SnapE Cabs has raised $2.5 Mn in Bridge Deck Round led by Inflection Point Ventures, one of India’s largest Angel investing platforms. The funds will be deployed towards operational overheads, leasing EV cars, and product development and enhancement. The round also saw participation from Ah Ventures, Shish Kharesiya , Praveen Chand, Jaspreet Kaur and others.

SnapE turned EBITDA positive in January 2025 with its fleet of EV cars growing to over 1,000. This growth has been matched by the number of users, with more than 1.2 million paying users and over 1.3 million app downloads, which has led to 3.2 million rides so far. These achievements have helped the company reach ₹120 crores in gross revenue. SnapE Cabs recently expanded its presence into the Delhi market through a strategic partnership with the ride-hailing service platform – Rapido by deploying 200 Cars in the last 3 months, which has achieved profitability. 

Mitesh Shah, co-founder IPV says, “The demand for clean and sustainable vehicles is growing globally. The ride-hailing platforms are no exception. With an increasing number of people using ride-hailing services, this sector urgently needs a greener alternative. SnapE Cabs is addressing this by not only offering EV cab services but by also building a supportive infrastructure. Its model is both environmentally friendly and financially sustainable, achieving growth without burning cash for customer acquisition, discounts, and fleet operations. The recent tie up with Rapido further strengthens the company mission for India’s EV adoption and sustainable goal.”

SnapE Cabs is uniquely positioned in the Indian market with 100% ownership of a fully electric fleet and an exclusive hub of CPO partners. This lets them offer “EV as a Service” to make sure they have enough supply to meet demand, which is currently at a healthy 3:1 ratio. Its operating costs are 60–70% lower than those of conventional ICE (internal combustion engine) cabs, which allows them to charge competitive prices without cutting into their profits. Additionally, SnapE keeps the cost of getting new customers very low at only 0.8% of revenue, and it retains up to 90% of its riders. The company’s strategic B2B partnerships, such as the one it has with Rapido to deploy 5000 cabs PAN India in the next 2 years, gives it an advantage over existing platforms, making its EV mobility model scalable and sustainable.

SnapE Cabs was founded by Mayank Bindal. He holds a master’s degree in finance from the University of Glasgow. Before starting SnapE Cabs, he worked in the telecom industry for more than 15 years at Steelman Telecom and now serves as the company’s Founder and CEO.

SnapE Cabs runs about 1,112 EV cabs, up from about 500 in late 2024 with their built-in network for charging EVs. The company is currently functional in Kolkata and growing into the Delhi-NCR area.

Mayank Bindal, Founder and CEO, SnapE Cabs says, “We’re not just expanding; we’re delivering profitability at scale. With IPV backing us in this bridge round, SnapE has already deployed 200 electric cabs in Delhi in the last 3 months, that have been profitable from Day 1. Over the next 12 months, we’re adding another 1000 cars, not to chase growth metrics, but to meet a very real supply gap left open in the market. Our focus shifts from a demand aggregation to a supply-led infrastructure model empowers other demand aggregators, enhances utilization, and de-risks margins. In a sector built on burns, recent disruptions have created visible white space and squeezed up margins; SnapE is proving that EV fleet economics work today, not just on projections. This round accelerates our mission to build the backbone that enables India’s EV mobility vision for 2030; clean, scalable, and built on fundamentals” 

The market for electric vehicles in India is expected to be worth about $18.3 billion by 2029, with a CAGR of 28.5%. By 2030, electric vehicles (EVs) are expected to make up more than 40% of India’s $100 billion auto market. Electric ride-hailing is also growing quickly; by FY2030, EV cabs are expected to make up about 7% of the ride-hailing market. Additionally, around 57% of Indian consumers now prefer ride-hailing over personal vehicles, signaling strong future demand

About SnapE Cabs:

SnapE (EC Wheels India Pvt. Ltd), founded by Mayank Bindal, is an electric mobility company offering an end-to-end EV fleet and charging infrastructure platform for ride-hailing and fleet operators. It is India’s first fully integrated electric supply ecosystem (100% EV fleet + charging) for urban mobility.

About Inflection Point Ventures:

Inflection Point Ventures (IPV) is an angel investing platform with over 24,000+ CXOs, HNIs, and Professionals to together 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 six startups so far, with a few deals in advanced stages of pipeline.

BacAlt Biosciences, a first-of-its-kind speciality biotech startup building high-performance, non-microplastic and sustainable alternatives to conventional ingredients, has raised INR 18 Crore ($2 million) in funding led by Avaana Capital, a venture capital fund focused on backing deep-tech innovation, with participation from Lubrizol InnoVentures, the co-innovation ventures platform of global speciality chemicals leader Lubrizol. 

BacAlt develops bio-based polymers and speciality ingredients using lean, energy-efficient, and high-throughput fermentation that improves product performance in diverse applications while preventing microplastic pollution. By leveraging waste valorisation, circular feedstocks, and non-sterile fermentation, BacAlt’s innovative, low-carbon production process sets new performance and cost standards for sustainable materials, providing formulators in sectors like home care, personal care, agrochemicals, nutraceuticals, and pharmaceuticals with advanced textures, functionalities, and stability – at mass-market viable cost points without reliance on synthetics – improving both human and planetary health.

“BacAlt’s vision is to power India’s emergence as a global hub for circular, bio-based speciality ingredients,” said Shruti Kutmutia, Co-Founder of BacAlt. “The demand for high-performance, cost-competitive ingredients is real, and we are building for scale, taking India from an import-dependent market to an export-ready bio-manufacturing hub.”

“By combining proprietary fermentation platforms with circular use of agricultural waste, BacAlt is delivering ingredients that finally meet the performance and cost thresholds required for scale in FMCG,” said Shruti Srivastava, Investment Director at Avaana Capital. “These breakthroughs position the company at the forefront of sustainable materials for mainstream markets.”

Founded by a team of biotechnologists, BacAlt Biosciences is set to revolutionise speciality ingredients by pioneering a global shift to performance–first, circular and sustainable bio-based materials that outperform synthetics at scale. The funds raised will be used to scale their R&D processes, build pilot production facilities, strengthen hiring and develop go-to-market strategies for geographic expansion. 

John Patrin, Managing Director of Lubrizol InnoVentures, said, “We are excited to collaborate with BacAlt Biosciences. This underscores our commitment to innovation and advancing solutions in biotechnology. With Lubrizol’s deep expertise and global network with BacAlt’s pioneering bio-based polymers and speciality ingredients, we aim to accelerate the development of new products that deliver enhanced value to customers and positively impact global markets.”

By combining developments in microbiology, industrial biomanufacturing and scalable fermentation, BacAlt Biosciences is creating reliable, high-performance alternatives to petrochemical-based ingredients, shaping the future of formulations worldwide.

About BacAlt Biosciences

BacAlt Biosciences is a next-generation biotech company pioneering sustainable alternatives to conventional speciality ingredients. By leveraging lean, energy-efficient, and high-throughput fermentation processes, BacAlt makes once-inaccessible biopolymers and bio-based actives commercially viable at scale. Its proprietary platform enables formulators in personal care, home care, agrochemicals, nutraceuticals, pharmaceuticals, and performance materials to replace petrochemical and synthetic inputs with high-performance, cost-effective, and sustainable ingredients. With a mission to power the global transition to circular, bio-based materials, BacAlt is positioning India as a hub for world-class bio-manufacturing and export-ready innovation.

About Avaana Capital 

Founded in 2018, Avaana Capital is India’s largest thematic fund investing in frontier technology and innovation-led companies building globally competitive, future-ready solutions in Energy, Supply Chains, Food and Agriculture Systems, and Advanced Materials

To date, Avaana has made high-conviction investments in pioneering startups, including GreenGrahi (insect biotech platform), Eeki Foods (climate resilient precision agriculture), Turno (commercial EV financing and distribution), Dreamfly (next-gen battery platform for drones), Kazam ( interoperable EV charging), Eggoz (high nutrition eggs), Farmart (SaaS-B2B platform for food and agriculture), Amperehour (grid scale battery energy storage solutions) and Aerem (MSME rooftop solar)—each building cost-competitive, future-ready solutions from India for the world.

Avaana’s Team has previously invested in category leaders like Delhivery, Nykaa, Urban Company, ShadowFax, NinjaCart, Moveinsync, and Tonbo Imaging.

Urban Company (India’s biggest home services app for booking plumbers, cleaners, beauty services, etc.) is bringing an IPO (Initial Public Offering). The company aims to raise about ₹1,900 crore. It already launched its initial IPO on Wednesday, September 10, 2025. Additionally, the company also opened its early subscription on Tuesday, September 9, 2025. After this IPO, Urban Company will be listed on the BSE and NSE, so you can also become a shareholder in the company. Well, what is the price? And will this be a good investment? We mean, you should “Apne time ka karo sahi use,” but should you “Urban Company karo choose?”

Key Details of Urban Company IPO

• The launch date was Wednesday, September 10, 2025.
• Already opened for early investors on September 9, 2025.
• Aims to raise ₹1,900 crore.

Further, this ₹1,900 crore is divided into:

• ₹472 crore fresh issue (meaning the money from these new shares will directly go to the company).
• ₹1,428 crore offer-for-sale (OFS) (meaning, the old investors of the company will sell their shares for their personal benefit).  

Price & Lot Size

• Each share that you buy will cost you between ₹98 and ₹103.
• Plus, if you want to become an investor, you shall buy a minimum of 145 shares = around ₹14,935 (if at the top price of ₹103).

What Does the Grey Market Premium (GMP) Say?

Well, it is quite common for companies going for an IPO to market their shares in Grey Market Premium unofficially, and that’s what Urban Company did.

• On September 9, 2025 (that’s when the company marketed their shares on GMP) at 1:33 PM precisely, → Shares were sold at ₹34 more than the IPO price.
• Meaning, if the IPO price is ₹103, in the grey market, people are paying ~₹137. And that’s 33% higher (than the IPO price).
• The expected profits (from the listings) are roughly about 4,930 per lot.

Well, it is important to note that GMP is just an indicator and not an official one. The real price may differ.

Where Will Urban Company Use the IPO Funds?

• To build new tech and cloud infrastructure, just as others are doing (to run their app more smoothly, with AI features, and enhance the speed of bookings).
• To pay off the office lease.
• To invest in marketing and bring in more customers.
• To meet the general needs (like the day-to-day functioning of the company). 

Urban Company Valuation

Well, the home-services market in India is still naive and could take a while for this segment to pick up pace. These funds could help the company build not just better tech, but also reach more cities. Now, with the top price band, the company is valued at around ₹14,790 crore. 

Timeline of Urban Company IPO 

• IPO opened on September 10, 2025.
• IPO closes on September 12, 2025.
• Allotment (meaning the ones who get shares): September 15, 2025.
• Refunds/credits will take place on September 16, 2025.
• Official listing on stock exchanges (BSE & NSE): September 17, 2025.

Who Is Managing the IPO for Urban Company?

• Big names like Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs India, and JM Financial will manage the IPO.
• And MUFG Intime India Private Limited will handle the applications (Registrar).

Risks (Things Investors Should Watch Out For)

• The company’s losses in the past: Urban Company has a history of negative cash flow and net losses, something you might want to watch out for.
• Future profits not guaranteed: If the costs stay high and revenue doesn’t grow, then these problems will most likely continue.
• Slow Market and Customer Satisfaction: Such a home services market, which is new in India, is going to impact the numbers. In a quite unique market, service quality is key. It helps keep the reputation and, simultaneously, the growth of the company.
• Competition risk: Urban Company may not have a direct competitor, but the local service providers are indirectly in competition, and they are widely opted for.

“Urban Company karo choose” if you’re a risk-taking investor.

Minute Media, a leading global technology and sports content company, today announced its acquisition of VideoVerse. VideoVerse’s leading product, Magnifi, an AI-driven SaaS technology platform, enables content owners and rights holders to automatically detect key moments, create highlights in real time, and distribute compelling short-form video content efficiently. 

The addition of VideoVerse will enable Minute Media to provide unprecedented value to the sports content ecosystem, furthering both parties’ partnership capabilities. With this acquisition, Minute Media plans to deploy a fully integrated creation, distribution, and monetization solution, furthering its strategic partnerships with top teams, leagues, and federations around the world. Additionally, existing Magnifi clients will be able to seamlessly leverage Minute Media’s industry-leading distribution and monetization solutions, enhancing ROI for their video assets.

In the fast-paced sports arena, VideoVerse’s Magnifi helps partners quickly deliver standout moments to fans across platforms, capturing the essence of the game with unmatched speed and precision. Powered by AI, Magnifi leverages computer vision, natural language processing, and machine learning to analyze visual and audio cues, identify highlights, and enhance video content for fans. The product integrates GenAI features, including multilingual subtitling, automatic thumbnail generation, metadata generation, as well as a dynamic rules-based engine to automate end-to-end processing, making it an all-in-one editorial workspace that empowers content teams.

“We are thrilled to bring the passionate teams and robust capabilities of VideoVerse into the Minute Media family to bring teams and leagues a full-stack solution from creation to distribution to monetization. In addition, with VideoVerse’s technologies, Minute Media’s owned & operated brands, partners, and clients will experience and have the very best in AI-powered creation,” said Asaf Peled, Founder and CEO of Minute Media. 

Dr. Apoorva Ranjan Sharma, MD, 9Unicorns – one of the earliest investors – congratulates the team at VideoVerse and Vinayak on one of the biggest SaaS exits in India till date and top 5 global sports tech exits. This is significant for everyone involved.

VideoVerse’s technology will drive key enhancements across Minute Media’s ecosystem, strengthening the STN Video platform for leagues and publishing partners as well as driving innovative new formats across owned and operated brands like Sports Illustrated and The Players’ Tribune. 

VideoVerse and Minute Media will further strengthen and expand their AI footprint in India through continued investment, with a strategic emphasis on advancing next-generation AI video capabilities.

Some of the early investors in Videoverse are A91 Partners, Baring Private Equity Partners, Venture East, Moneta Ventures, Alpha Wave Global, Bluestone Equity Partners and Binny Bansal amongst others.

About Minute Media

Minute Media is a global technology and content company specializing in sports and culture. Minute Media’s proprietary tech platform enables the creation, distribution, and monetization of digital content experiences. They own and operate leading sports content brands, including The Players’ Tribune, FanSided, and 90min, and serve as the publisher of Sports Illustrated and Sports Illustrated Swimsuit across digital and print platforms. Minute Media has a robust sports highlight rights portfolio through STN Video, providing distribution and monetization for leagues and teams. The company reaches 200M monthly users, powering 1,500+ content creators and 400+ distribution partners across 14 global markets in 10 languages. They also reach a robust print subscriber base through the publication of Sports Illustrated, Sports Illustrated Swim, and Sports Illustrated Kids magazines. Minute Media has offices in New York, London, Tel-Aviv, São Paulo, and Asia.

About Magnifi by VideoVerse

Magnifi, with its award-winning technology, has found an extremely strong product-market fit in serving enterprises across numerous industries – OTT players, broadcasters, sports clubs and leagues, marketing agencies, e-gaming platforms, schools, colleges, and more. Magnifi is building the next-generation video editing ecosystem, addressing a broad range of use cases in the post-production process. The company specializes in generating instant key moments and auto-sized short videos, enabling content rights holders to increase their presence and viewership. Magnifi works with leading rights holders/owners, including FIFA, TV2, Portugal Football Federation, Starzplay, Danish Football leagues, Formula E, Mountain West Conference, and other leading sports broadcasters globally.