Riverwood Capital

Pune-based biomass and biofuel marketplace BiofuelCircle is set to raise INR 70 crore (USD 8.2 million) in a new funding round, a big milestone for the company. The round will be led by existing investor Spectrum Impact with participation from a group of angel investors and company promoters as per the regulatory filings. The board […]

Banking infrastructure platform TransBnk has secured USD 25 million (~INR 219 crore) in its Series B funding round, led by Bessemer Venture Partners. The round also saw participation from Arkam Ventures, Fundamentum Partnership, and existing backers 8i Ventures, Accion Venture Labs, and GMO Venture Partners. Expansion and Strategic Focus The Mumbai-based startup said the fresh

For a sector once celebrated as the darling of Dalal Street, India’s non-banking financial companies (NBFCs) are suddenly facing an IPO hangover. What began as a flood of public listings with blockbuster subscriptions and day-one pops has now turned into a sluggish, uncertain pipeline. From HDB Financial Services’ lukewarm returns to Belstar and SK Finance

In a game-changer for the fight against antimicrobial resistance (AMR), researchers at IIT Madras have developed a chip-based device that delivers antibiotic susceptibility test results in just three hours. The device is called ‘ε-µD’ and provides rapid, accurate and low-cost Antimicrobial Susceptibility Testing (AST), which can revolutionise diagnostics in resource-poor healthcare settings globally. A Global

Unlisted shares of Tata Capital, the financial services arm of Tata Sons, have taken a beating. Trading at INR 795 apiece, the stock has already slipped over 20% from its October 2024 peak of INR 1,100. What’s worrying investors more is that analysts now expect a further decline of up to 20%, as pricing concerns

Deep Diamond Rights Issue dates 9 – 19 September 2025. Deep Diamond India, established in 1994 and listed on multiple Indian stock exchanges, is engaged in manufacturing and wholesaling exclusive diamond jewellery, including rings, necklaces, nose pins, bangles, and bracelets. The company also deals in loose diamonds, solitaires, and gold frames, serving both B2B and

Hyderabad-based NBFC CredRight has raised USD 10 million (~INR 87.72 crore) in a Series B funding round led by Norway-headquartered Abler Nordic, marking the latter’s first investment from its recently launched Fund V. The round also saw participation from existing backers Michael & Susan Dell Foundation and Unleash Capital, with Abler Nordic emerging as CredRight’s

M&B Engineering (MBEL) has posted stellar Q1 FY26 numbers, with revenues and profits surging sharply on the back of a robust order book, margin expansion, and an aggressive export strategy. M&B Engineering Q1 FY26 results highlight the company’s strengthening position in India’s pre-engineered building (PEB) and self-supported roofing industry, while also pointing to challenges in

Covance Softsol Rights Issue dates are not finalized. Covance Softsol is an IT/ITES company based in Hyderabad, India, incorporated in August 2023 following a demerger from Softsol India. The company specializes in delivering end-to-end digital transformation, business process optimization, and enterprise application services, leveraging technologies such as cloud, artificial intelligence (AI), and machine learning (ML)

Auto-tech unicorn CARS24 has taken another significant step toward its long-awaited IPO, raising INR 345.2 crore (~USD 40 million) from its Singapore-based parent entity, Global Car Group. The fresh capital comes through the allotment of 3.04 lakh equity shares at an issue price of INR 11,347 per share, according to filings with the Registrar of