Ultrahuman, the global health technology company behind the world’s most popular health tracking ring, Ring AIR, has announced a significant partnership with Tata 1mg, one of India’s most trusted healthcare brands. This deal will facilitate the major scaling of Ultrahuman’s Blood Vision preventative health service across the country, opening up advanced health insights to millions more people at an affordable price. As part of this nationwide push, Ultrahuman also launched Vision Cloud free universal health interpreter.
Expansion and primary focus
This partnership with Tata 1mg sees Blood Vision now being made available in over 60 cities and 2,000-plus PIN codes in the country. The massive geographical expansion aims at giving millions of users access to Ultrahuman’s high-end preventive health services at economic rates. This expansion leverages the fast-selling adoption of preventive diagnostics across the country, with the domestic health-tech market projected to cross $21 billion by 2028. Ultrahuman aims to fill the gap that exists between traditional lab testing and personalized digital health insights.
This alliance with Tata 1mg ensures that the services by Blood Vision are clinically accurate, with added convenience for doorstep sample collection by a trained phlebotomist visiting the customer’s home.
Ultrahuman has curated 15 test panels for users at prices starting from just ₹999. The Base plan costs ₹1,999 and covers over 60 essential biomarkers, while the Premium plan covers 100+ advanced markers across key health pathways in cardiovascular, metabolic, hormonal, and longevity.
Coinciding with the Blood Vision extension, Ultrahuman launched Vision Cloud, labeling it the world’s first free universal health interpreter. Vision Cloud will run on the same UltraTrace™ models that power Blood Vision.
The main function of Vision Cloud is to remove the reliance on traditional PDF lab reports and to enable the user to upload their historic blood tests from any provider directly into the Ultrahuman app. Users will then instantly gain free, personalized insights. Complimentary insights include supplement recommendations, a Blood Age score, and AI clinician summaries.
Although at present the company focuses on interpreting bloodwork, the scope of Vision Cloud will expand very fast. In the near future, Ultrahuman is going to decode reports from other diagnostics, such as microbiome, cancer, CT scans, and MRIs, with the aim of creating an integrated health ecosystem for users around the world.
Comprehensive output
Unlike generic lab reports, Blood Vision results are delivered directly within the Ultrahuman app, with clear labeling of each marker, including reference ranges and associated actionable insights. It tracks over 100 biomarkers and uses UltraTrace™ to easily integrate these results with lifestyle data from the Ultrahuman Ring AIR, including sleep, movement, and recovery.
The comprehensive output provides users with a Blood Age score, an AI-powered clinician summary, personalized supplement, and lifestyle recommendations to empower users in making informed, data-driven decisions about their well-being. This widespread India expansion is part of Ultrahuman’s larger global strategy.
The company has already rolled out Blood Vision in Saudi Arabia and the UAE, with the UK and Australia scheduled to go live shortly. The company also aims to expand its interpretation capabilities considerably in the near term to include genetics, microbiome data, and lifestyle risk profiling.
Conclusion
The fact that Ultrahuman and Tata 1mg have enabled a strategic partnership, through which Blood Vision can reach in excess of 60 cities across the country, is an important advancement toward accessible preventive healthcare. Along with the launch of the free interpreter on Vision Cloud, Ultrahuman is making world-class diagnostics with personalized insights possible at scale. Integrating clinical data with lifestyle metrics through UltraTrace™ models cements Ultrahuman’s mission to help people take control of their well-being globally through data, science, and design, with India playing a leading role in its ongoing global growth.
BoAt is one of India’s most compelling business success stories in the rise of Indian D2C brands. Originally a seller of charging cables in 2016, the firm has quickly become a major player in an incredibly competitive global personal audio (and wearables) market. BoAt’s approach wasn’t just about selling electronics; it was about affordability and style.
boAt managed to create a niche for itself by combining fashionable designs, effective marketing campaigns, and clever pricing. This makes its products capable of competing against the international players. BoAt is popular among Indian youth and tech-savvy customers. In this article, we’re going to dive into the story of boAt, its financial performance, and its smart strategies that helped it grow.
The Founders and the brains behind boAt
Aman Gupta and Sameer Mehta founded BoAt in 2016. Aman serves as Chief Marketing Officer (CMO), non-executive director on the board, and represents the brand to the public. He studied commerce and has a background as a Chartered Accountant. He also earned an MBA from top institutes. Before BoAt, he worked with big firms like Citibank and Harman.
Aman recognized that Indian consumers, particularly the youth, wanted affordable products that were both high-quality and stylish. He then came up with an idea for the boAthead community, a place for loyal users. Aman mentioned that before the boat, he tried running a few businesses, but they didn’t work; those lessons helped him later. Today, he’s a well-known judge on Shark Tank India.
Sameer Mehta is the Co-founder and executive director of the consumer electronics company, boAt. He started a company called Redwood Interactive and helped to establish Imagine Marketing in 2014. Together, Aman and Sameer spotted a need for affordable yet trendy audio devices. They put in money from their own pockets to start BoAt without outside help.
Sameer mainly focuses on product execution, supply chain management, and financial discipline. He makes sure that all products are manufactured efficiently and meet standards of performance and reliability. His push for local manufacturing was a main factor in improving cost and achieving a profitable turnaround in FY25.
The journey of BoAt
The company’s path to becoming a successful consumer electronics brand involved smart and calculated moves that used market gaps to offer something unique. They began modestly and instead of immediately targeting the headphone segment, boAt started with durable, stylized charging cables and power banks.
They took this low-risk entry approach to learn more about the electronics supply chain while building a loyal customer base. They solved the common problem of easily broken charging cables. Their goal was to make low-cost items for young Indians.
The real boom came when they launched affordable wireless earphones and headphones. They concentrated on the mass market price of Rs 1,000-3,000. BoAt provided affordable and trendy products, featuring bass-heavy sound that appealed to young generations. Both its feature set and pricing helped boAt become the No.1 brand by market share in the Indian headphone category.
Early challenges
Starting BoAt was not easy. Just like other firms, boAt too had its share of initial worries. International brands dominated the Indian electronics market, and thus convincing people to have confidence in a homegrown brand was no easy task. They were short on cash, so they invested only their own savings. Getting factories to agree to take small orders was tough. They had to keep very little stock and sell fast.
Big brands like Sony and JBL were already in the market, making it more challenging for BoAt to attract customers for their products. Cash flow was the biggest worry. Making stylish products at low prices while competing with experts was also a barrier. The pandemic slowed things down, but online sales kept them going. These early struggles taught BoAt how to move fast, adapt to changes, cut costs, and improve based on feedback.
The growth story
The reason behind BoAt’s popularity is its detailed and smart planning. Following the massive success in audio, the company grew fast and reached 5th place in global wearable shipments by 2020. They successfully applied the same strategy to the Smartwatch segment, quickly becoming a leading wearables brand. They were focused on constant new product launches and celebrity endorsements.
Being the audio partner for IPL teams gave huge visibility. The company strengthened its market presence by teaming with IPL teams, movies, and brands. They also bought small tech firms to add new features quickly. The firm launched new products like noise-cancelling earbuds and kids’ watches.
Revenue and financial performance in 2025
Fiscal Year (Ending March 31)
Consolidated Revenue (INR)
Net Profit (or Loss)
2017
~27 Cr
Data N/A
2018
~108 Cr
Data N/A
2019
~200 Cr
Data N/A
2020
~700 Cr
Positive
2021
~1,314 Cr
Positive
2022
~2,873 Cr
+69 cr Profit
2023
~3,383 Cr
-130 Cr Loss
2024
~3,122 Cr
-79.7 Cr Loss
2025
~3,097.8 Cr
+61 Cr Profit
In FY25, audio products made up most of the revenue. boAt successfully shifted its focus from growth to sustainable profitability. This financial year, the costs were controlled better, and profit returned. Total funding collected over the years also helped the firm build new products and teams. BoAt’s consolidated revenue for FY25 stood at approximately Rs 3,097.8 Crore ($370 million).
While revenue growth has been stable due to intense market competition. The company’s overall financial health improved. This turnaround was achieved by focusing on efficiency. The strong push to manufacture products locally under the “Make in India” movement also helped to reduce high import costs and logistics risks. Better inventory management and strict control over spending played a big role in the profitability.
Company Valuation and Net Worth in 2025
boAt’s is a privately held company, so its net worth is mainly reflected through its most recent corporate valuation. Its last major funding round in 2022 had a valuation of more than Rs 10,800 crore. This valuation confirms its status as a unicorn. The company successfully returned to profitability in FY25. With steady revenue and fresh profit, boAt’s worth is estimated at around Rs 10,000-12,000 crore. Reflecting its success in the Indian D2C space.
The future outlook and expansion plans
With the company turning profitable, the road ahead looks exciting. BoAt is preparing for a public listing (IPO) in 2026. This will help the firm to raise funds and provide an exit for early investors. This will be a major event for the Indian consumer electronics sector.
Apart from this, BoAt also plans to partner with more phone brands, expand its offerings to more countries, and add AI features in audio to keep up with the fast-evolving industry. To maintain its strong growth momentum, BoAt also plans to push its higher-end product lines, such as ‘Nirvana by boAt’, to improve profit margins.
Conclusion:
The trajectory of boAt, from being a small startup to a billion-dollar company in the consumer electronics category, is an example of how homegrown brands can challenge global brands by understanding the local market better. boAt, which is already profitable in FY25, aims to go public in 2026. The company has made a significant impact on the industry while proving that an Indian “brand” can challenge and outdo global ones. The article mentioned the journey, net worth, and growth story of BoAt.
FAQs:
What is BoAt’s net worth in 2025?
BoAt’s estimated net worth in 2025 is around $1.5–2 billion, showing steady growth in India’s consumer electronics market.
Who are the founders of BoAt?
BoAt was founded by Aman Gupta and Sameer Mehta in 2016.
What does BoAt mainly sell?
BoAt sells audio products like earphones, headphones, speakers, and wearables such as smartwatches.
How did BoAt become popular in India?
BoAt became popular for its stylish, affordable, and durable products made especially for young Indian users.
How much revenue did BoAt earn in 2025?
BoAt’s revenue in 2025 is estimated to be over ₹4,000 crore, driven by strong online and offline sales.
Is BoAt an Indian company?
Yes, BoAt is an Indian consumer electronics brand headquartered in New Delhi.
Does BoAt manufacture its products in India?
BoAt is increasing local manufacturing under the “Make in India” initiative while still sourcing some parts globally.
What helped BoAt grow so fast?
BoAt grew quickly due to smart marketing, celebrity partnerships, and affordable tech products for the Indian market.
Is BoAt planning an IPO?
Yes, BoAt has been considering an IPO, though the final launch date depends on market conditions.
What is BoAt’s future goal?
BoAt aims to expand globally and become one of the top wearable and audio brands in the world.
Tenneco Clean Air India, the Indian affiliate of the leading US-based automobile components firm Tenneco, has officially declared its first public offering (IPO). The IPO is designed to raise capital of ₹3,600 crore, and the event is significant in the Indian auto parts industry as it is a sign of the strategic interests of the company in the local and export markets.
IPO details and operational footprint
The price band that has been fixed during the initial public offering is ₹378 to 397 per equity share. The face value of each of these shares is ₹10. As far as the timeline is concerned, IPO will open for subscription on November 12 and will close two days later on November 14, 2025.
The whole matter of ₹3,600 crore is built as an Offer for Sale (OFS). This implies that the full capital as being raised will be in the hands of the promoter, Tenneco Mauritius Holdings Limited, and will not inject much fresh capital into the Indian operating entity.
Tenneco Clean Air India is a company that focuses on producing several major automotive solutions. The company manufactures clean air, powertrain, and suspension solutions. These are sold as products to Indian original equipment manufacturers (OEM) as well as to international export markets.
The company has a strong presence in India in terms of operations. It has 12 manufacturing plants and two exclusive Research and Development (R&D) centers that are strategically placed close to the primary automotive centers in the country. These are the major markets such as Maharashtra, Tamil Nadu, the National Capital Region (NCR), and Gujarat. Tenneco has a long history in Indian manufacturing that goes back decades.
Core focus and market presence
Tenneco Clean Air India has proven itself as an essential player in the Indian domestic automotive ecosystem. The company is already serving all seven largest passenger vehicle OEMs and all five largest commercial vehicle OEMs in operation in India. This mass customer base underscores its entrenchment in the chain of supply of the automotive giants of the nation.
Although exports, at present, represent a smaller part of the overall revenue of the company, there is a definite strategy vision: Tenneco expects to make India one of the main hubs of its exporting activities. This objective implies that it would expand the production capacity and place more emphasis on using its Indian facilities to cater to the needs of the global market in the future.
The company is especially concerned with its main emphasis on the solution of clean air, which is especially pertinent in the context of the increased-emission standards and the increased importance of a sustainable approach in the global car market. Such positioning places Tenneco Clean Air India at the center of the technology transition that the local and export OEMs need.
Conclusion
Tenneco Clean Air India has declared an IPO worth ₹3,600 crore that will open on November 12 and close on November 14, 2025, and the price per share will be ₹378 to ₹397. The matter is purely an Offer of Sale by the promoter, Tenneco Mauritius Holdings Limited. The company operates 12 manufacturing facilities and two R&D centers located in India and focuses on clean air, powertrain, and suspension solutions, providing them to the top 7 passenger car and top 5 commercial car OEMs in the country. Having a vast domestic market coverage and a long-term vision of turning India into a key global export destination, the IPO reiterates the position of the company and its future expansion plans in the Indian auto parts industry.
Puravankara Limited (NSE: PURVA | BSE: 532891) declared its financial performance in the second quarter (Q2) and first half (H1) of the fiscal year 2026 that ended September 30, 2025. The company has recorded a considerable expansion in sales and collections, which is supported by strategic pipeline additions.
Financial and cumulative performance
Puravankara has recorded the total revenue amounting to ₹663 crore in the second quarter of the financial year, an equivalent of 28% in comparison with the fiscal year-on-year (YoY). The financial performance of the quarter was a net loss of ₹42 crore.
The operational performance in Q2 FY26 was good, as pre-sales were strong. The overall sales value of the company during the quarter was ₹1,322 crore, and this is an increase of 4% over the previous year. This was attained on a sales volume of 1.5 million square feet (msft).
There was also an enhanced average sales realisation per square foot, which rose to 7% to ₹8,814 psft. The quarterly customer collections reflected an 8% increase on a year-on-year basis, standing at ₹1,047 crore. Concerning the projects completed, Puravankara has delivered 663 units in the quarter of 0.67 msft, which earns it the said total income of ₹663 crore.
During the initial six months of the fiscal year ( H1 FY26 ), Puravankara registered a cumulative total revenue of ₹1,201 crore, against which the consolidated net loss of the six months is ₹111 crore. The operational performance of the company in H1 FY26 was high.
The gross sales value was 2,445 crore, which was achieved through the area sold of 2.75 million square feet. The mean sales realisation of the half-year period was ₹8,891 psft. The overall customer collections of H1 FY26 amounted to ₹1,904 crore. The firm transferred ₹1,330 units in the 1st half, which equated to 1.36 msft, and earned an overall revenue of ₹1,201 crore.
Debt ratio and pipeline growth
The company was very active in strengthening its development pipeline in the first half of FY26, acquiring land parcels and strategic partnerships totaling more than 6.36 msft of potential developable area. This growth has a Gross Development Value (GDV) worth more than ₹9,100 crore.
A joint venture in Hardware Park, North Bengaluru, on a 24.59-acre piece of land, offering 3.48 msft of developable land and a potential GDV of more than ₹3,300 crore. In Balegere, East Bengaluru, a joint development with the developable area of 0.85 msft over 5.5 acres and a total potential GDV exceeding ₹1,000 crore.
The decision to award a redevelopment initiative in Chembur, Mumbai, opening up in excess of 1.28 msft of about 4 acres, and a likely GDV of ₹2,100 crore. A high-end redevelopment project in Malabar Hill, Mumbai, won by one of their wholly-owned subsidiaries, which provides 0.75 msft of prime development on 1.43 acres, whose GDV is estimated at approximately ₹2,700 crores.
The company has a 12.67 msft in-launch pipeline, with the landmark 3.4 msft project at Bengaluru at KIADB Hardware Park and the Andheri Lokhandwala redevelopment project, where the company plans to launch in the upcoming January 2026.
Puravankara has a strong financial standing. The accumulated estimated surplus of all completed, ongoing, and pipeline projects as of September 30, 2025, is high and amounts to over ₹15,568 crore. This excess is explained as the estimate of surplus of completed and current projects, ₹7,679 crore, the estimate of surplus of commercial projects, ₹2,008 crore, and the estimate of surplus of pipeline projects, ₹5,881 crore.
The net debt of the company is estimated at ₹2,894 crore against this huge estimated surplus, implying a healthy debt cover of more than 5x. Q2 FY26 had a net debt-to-equity ratio of 1.77. The weighted average cost of debt has decreased to 11.32% as of September 30, 2025.
Conclusion
The Q2 FY26 results of Puravankara Limited were noted with good operational parameters, such as ₹1,322 crore in pre-sales and ₹1,047 crore in collections that contributed to a total of ₹663 crore in Q2 revenue (up 28% YoY). The strategic acquisition of more than 6.36 msft of developable area with an estimated GDV of more than ₹9,100 crore in H1 FY26 will substantially enhance the revenue potential in the future. Puravankara is structurally well-placed to leverage the long-term positive growth trend in the India real estate market and fulfill its ambitious roll-out plans over the next few quarters, given an estimated overall project surplus of over ₹15,568 crore, which gives it a healthy over 5x coverage on its net debt of ₹2,894 crore.
PhysicsWallah, an edtech unicorn, has gained significant investment by a global firm, Think Investments, in a critical pre-IPO deal. The investment of slightly above ₹136 crore occurs when the company is making preparations for its much-awaited initial public offering (IPO) to be launched next week. This new capital inflow underscores the persistence of investor confidence in the valuation of the edtech business and its potential to grow further in the near future as the company embarks on its public offering.
Pre-IPO funding and investment
It was funded not by direct primary capital investment in PhysicsWallah but by a share purchase arrangement in which Think Investments purchased a minority interest in PhysicsWallah directly from existing employees.
Think India Opportunities Master Fund LP purchased 1.07 crore shares of equity of 14 shareholders of the edtech company as a part of the transaction. This equates to a purchase of 0.37% share of PhysicsWallah. The shares were bought for ₹127, a price that is 17% higher than the highest frequency of the forthcoming IPO issue price band of the company. The total value of this transaction was ₹136.17 crore.
This pre-IPO round is being led by the investment firm, Think Investments, which is a large participant in the international investment world and has an asset base of $4 billion. The investment policy of the firm targets supporting early-stage technology-based businesses.
Think Investments has established a large and diverse portfolio in India. It has invested in several popular companies operating in different industries, including Swiggy, FirstCry, Urban Company, PharmEasy, Experian, Spinny, NSE, Star Health, Meesho, Rapido, Chaayos, and Dream11. Such a strong track record proves that it is knowledgeable in finding and investing in Indian technology ventures that have high growth potential.
Aim to raise funds
The edtech unicorn is also preparing to make its IPO, which will open on November 11. The company targets to raise ₹3,480 crore with the help of the offering. The company has priced the IPO between ₹103 and ₹109. On the high end of this price range, the company is aiming at a valuation of above ₹31,500 crores. This IPO structure consists of two primary elements. A fresh issue of ₹3,100 crore. Offer-for-sale (OFS) of ₹380 crore by the co-founders and promoters, Alakh Pandey and Prateek Boob.
A significant share of 80.62% of the company is owned by the promoters. This will be 72% of the shares after IPO. The problem will be closed on November 13, and the allocation of anchor investors will be held on November 10. The major funds raised through the fresh issue aspect of the IPO are to be utilized to finance the growth and other development programs at the company.
Conclusion
Physics Wallah has been able to secure a major pre-IPO investment of more than ₹136 crore by Think Investments, a few days before its launch in the market. This is a strategic buyout whereby the international company bought shares of employees at a premium valuation, and this is an indicator of great institutional confidence in the estimation by the company of more than ₹31,500 crore. With the edtech unicorn set to IPO its ₹3,480 crore on November 11, the funds being raised, combined with the partial sale of stake by the co-founders, as well as the intention of the early investors to hold on to their shares, put PhysicsWallah in a position to aggressively pursue its planned expansion and growth programs after the IPO.
Prominent India global leader, Shreekant Patil signs agreements linking Indian associations to PICC for enhanced international cooperation, Boost Bilateral Business and Cultural Relations
Wrocław, Poland — November 2025: CEng. Shreekant Patil, a global leader representing multiple Indian industry chambers including NIMA, SCGT, MACCIA, BLL, GFID, and others, has assumed a significant operational role as a core team member of the newly inaugurated Poland-India Chamber of Cooperation (PICC). Shreekant Patil will play a key part in managing operations and spearheading initiatives to deepen economic, educational, and cultural collaboration between India and Poland.
Shreekant Patil at POLAND-INDIA CHAMBER of Cooperation
The official inauguration of the PICC took place on October 29, 2025, at the historic Wrocław Town Hall. The event drew a distinguished gathering of Polish government officials, business leaders, diplomats, academics, and cultural representatives from both countries. Among the notable Polish officials present were Ms. Renata Granowska, Vice-President of Wrocław, Mr. Bartłomiej Kubicz, Director of the Department of Economy and Promotion of the Marshal’s Office of the Lower Silesian Province, who highlighted this occasion as the start of a new era of cooperation between Lower Silesia and India. Mr. Marcin Urban, Treasurer of Wrocław, described the inauguration as a valuable opportunity for the city and the region to attract investments, drive innovation, and forge enduring economic partnerships.
Shreekant Patil at POLAND-INDIA CHAMBER of Cooperation
From Poland, the event welcomed esteemed dignitaries including Ms. Renata Granowska, Deputy Mayor of Wrocław; Mr. Michał Młyńczak, Deputy Mayor of Wrocław; Mr. Marcin Urban, Treasurer of the City of Wrocław; Ms. Andrea Layer, Consul of the Federal Republic of Germany; Ms. Małgorzata Węgrzyn-Wysocka, Honorary Consul of Finland; Mr. Wojciech Kamiński, Honorary Consul of the Republic of Türkiye; Mr. Jędrzej Jachira, Honorary Consul of the Republic of Chile; Ms. Małgorzata Tańska, Representative of the Polish Investment and Trade Agency (PAIH S.A.); and Ms. Magdalena Okulowska, President of the Management Board, Wrocław Agglomeration Development Agency (ARAW S.A.).
POLAND-INDIA CHAMBER of Cooperation – MoU Shreekant Patil
The founders of PICC, President Krystyna Wróblewska and Vice President Mr. Vincent Peter, bring extensive experience to the chamber’s leadership. Ms. Krystyna Wróblewska is an accomplished business leader who has significantly contributed to the development of entrepreneurship and human capital in Wrocław over many years. Vincent Peter, an influential representative of the Indian business community in Poland, has vast international experience spanning Europe, Asia, and North America. Together, they guide the chamber’s mission to foster close ties in trade, education, sustainability, smart infrastructure, and cultural exchange.
In alignment with the recent Memorandum of Understanding signed between the Government of India and the European Union to advance collaboration in green technologies, digital transformation, and sustainable trade, the Poland-India Chamber of Cooperation’s new partnerships reflect the shared vision of deeper India–Europe engagement. These MoUs further reinforce India’s growing role in building resilient transcontinental supply chains and promoting innovation-driven growth in line with EU-India strategic cooperation goals.
POLAND-INDIA CHAMBER of Cooperation – Shreekant Patil
During the inauguration, PICC signed strategic MoUs with several Indian industry associations led by CEng. Shreekant Patil, including NIMA, SCGT, MACCIA (Maharashtra Chamber of Commerce, Industry & Agriculture), GFID – Global Forum for Industrial Development, and other prominent organizations. These agreements establish formal frameworks for cooperation, joint ventures, skill development programs, trade facilitation, and innovation exchange, representing a concrete step forward in the “local to vocal” and global scaling ambitions of Indian businesses. Additionally, the Poland-India Chamber of Cooperation (PICC) has signed strategic Memorandums of Understanding with the Smart Cities Council, HR Rexer Group, and other key organizations, further expanding its collaborative network to promote innovation, sustainable urban development, and human resource excellence.
Shreekant Patil Leads Poland India Chamber Delegates to Poland
Shreekant Patil is an influential business leader and international trade facilitator who has been instrumental in developing cross-border collaborations between India and Europe. Representing key Indian chambers, Shreekant Patil has been vital in connecting Indian MSMEs with global markets through strategic alliances and operational excellence. His role as a core team member of PICC further empowers him to strengthen bilateral relations, promote knowledge sharing, and unlock new business opportunities for Indian enterprises in Poland and beyond.
This new phase of partnership between India and Poland promises to build stronger economic, academic, and cultural bonds, fostering innovation and mutual growth. Under visionary leaders like Krystyna Wróblewska, Vincent Peter, and Shreekant Patil, the Poland-India Chamber of Cooperation stands poised to become a beacon for sustainable and inclusive international collaboration.
Poland-India Chamber of Cooperation (PICC) headquartered in Wrocław, PICC organization dedicated to strengthening comprehensive cooperation between India and Poland. The Chamber serves as a multi-sector platform focusing on five strategic areas:
Trade and Investment
Education and Skills Development
Renewable Energy and Sustainable Development
Smart Cities and Infrastructure
Culture and Tourism
Through these domains, the Chamber acts as a bridge between governments, academia, industry leaders, and social organizations to create sustainable and innovative partnerships.
KLH Global Business School (KLH GBS) recently organized an important event, ARTORIA 2025, a two-day Art and Technology Exhibition that took place in its Kondapur campus in Hyderabad. This historic exhibition was carefully produced by the B.Sc. Animation and Gaming students as a vibrant venue of demonstrating a broad range of creative and technical skills made by the students. The event was an effective demonstration of the intersection of artistic imagination, technical accuracy, and innovative thought in an academic context.
Event’s atmosphere and students’ ability
ARTORIA 2025 had an impressive series of creative expressions, which were led by the students. The exhibits featured different types of digital art, working game prototypes, interactive media installations, and other academic projects. Every display embodied the student’s capability to combine both the essential creativity and the uniquely required technical accuracy, and directly respond to the changing needs of the industry. The exhibition showcased completed works as well as illustrated the creative attitude that was being nurtured in the B.Sc. Animation and Gaming program.
The atmosphere was characterized as one filled with creative energy, and students were involved in the design of immersion experience areas in which visitors were to receive. These interactive spaces featured interactive installations like face art kiosks, elaborate art and craft installations, and an AI innovation corner. The practical nature and the collaboration environment that this hands-on method created brought about an atmosphere that was easily adaptable and provided an experiential learning experience to all members. Students from all the departments of the school actively attended the exhibition under the strict supervision of the faculty team and the Dean, Dr. Anand Bethapudi.
Innovation and engagement
The exhibition was effective in gaining a lot of attention in the animation and gaming industry, reflecting the relevance of the projects of the students to real life. The leaders present were Mr. Vinay Tiwari, Lead–Environment Assets, and Mr. Tirthadip Ghosh, Creative Director.
The involvement of these industry players was also of great value to the event. Mr. Tiwari and Mr. Ghosh engaged the student exhibitors at close contact, providing them with useful professional advice on the existing industry environment.
The KLH GBS leadership stressed the strategic value of hosting such platforms. Er. Havish also explained the philosophy of the institution, during which learning goes beyond what is known as the classical classroom.
KLH GBS is determined to develop its student talent in a long-term strategy. This would entail creating a regular program of exhibitions, targeted innovation conferences, lectures by industry experts, and larger multi-disciplinary events throughout the academic year. This plan will be used to make sure that the students are actively involved in productive learning activities that will lead to a productive combination of theoretical knowledge, practical hands-on creativity, and potential impact of the knowledge in the real world.
Conclusion
The successful implementation of ARTORIA 2025 is a first of its kind for KLH Global Business School, and this is a clear indication of the quality of innovation and technical expertise that is being developed within its B.Sc. Animation and Gaming course. The two-day exhibition featuring student-led projects (ranging from game prototypes to digital art) was very successful as it offered an essential platform for student expression and cooperation. The insightful input and support of older professionals at Green Gold Animation made the work of the students industry-ready.
StarRez, the international residential community and student housing management software, publicly declared the commencement of a new international Hub on Innovation in Hyderabad, India. It is a strategic step toward the further global growth of the company and the creation of the second center of the company in the Asia-Pacific region. The new center will be developed in partnership with the world-renowned management and strategy consulting company Zinnov and is expected to ensure StarRez has a formidable presence in terms of technology and innovation on a global scale.
Strategic expansion
The platform of StarRez is highly reputed in the global arena, serving more than 3 million beds every year, and is integrated in more than 1,100 institutions and 2,000 properties. It has a central platform that is vital in providing an efficient experience to both students and administrators in residential and student housing.
The launch of the Innovation Hub in Hyderabad is a strategic expansion of the StarRez network of global engineering. This also strengthens the increasing role of India as an ideal location for next-generation mid-market Global Capability Centers (GCCs). The features of these hubs include agility, a combination of the best talent, technology, and speed to innovation to create business results around the world. Hyderabad was chosen as a natural home to StarRez India, which is credited with providing the best mix of technology potential, education, and teamwork spirit that is required to power contemporary innovation in SaaS.
The Executive Chairman at StarRez, Travis Knipe, said, “This India centre represents a significant milestone in StarRez’s global growth journey. Our new Innovation Hub in Hyderabad will be home to some of the best technology and product talent, driving innovation through AI, analytics, and automation. In the first year, our focus is on building high-performing teams that will enhance our product ecosystem, scale our enterprise SaaS platform, and deliver greater value to our global customers. As a global SaaS company, we operate on a modern, cloud-native, API-driven infrastructure that already supports over 3 million residents worldwide. With India now part of our innovation network, we are poised to accelerate our mission of creating seamless, intelligent experiences for students and residents across the globe.”
StarRez India will be structured to be an international innovation hub of the company. It will primarily serve the purpose of promoting the overall product and technology strategy of StarRez in a variety of aspects: Artificial Intelligence (AI), analytics, automation, and platform scalability. The center will specifically target new capabilities that will create customer experience, operational excellence, and sustainable growth across StarRez’s entire global ecosystem.
The initial workforce in the new StarRez India hub will be 40 or more employees. The firm has a bold expansion plan to expand this hub in less than 18 months to have over 200 professionals. This performance center has been commissioned to develop scalable, data-rich SaaS architectures that can enable the customers of StarRez to develop prosperous residential communities.
StarRez Hyderabad was conceptualized and developed in close cooperation with Zinnov, one of the top global management and strategy consulting organizations. Zinnov has contributed to the formation of the global GCC picture and has contributed to making the project a reality.
The Chief Technology and Product Officer at StarRez, Matthew Baumgartner, said, “Our Hyderabad location strengthens our ability to innovate and deliver increasing value to customers. Our focus is to continue building out our world class product and engineering organization – embedding AI and automation into our platform to deliver intelligent, intuitive experiences for residents, universities, and property operators across the world.”
The Managing Partner at Zinnov, Karthik Padmanabhan, said, “StarRez’s Hyderabad location is a stellar example of how mid-market global SaaS companies can leverage India’s engineering advantage to build scale and speed into their product innovation. This collaboration reflects a shift toward high-velocity GCC models — where talent, purpose, and technology converge to drive measurable business impact.”
The launch of Hyderabad Innovation Hub is a future investment strategy by StarRez, which will place India as a key hub for its technology and product globalization approach. The center will be built in collaboration with Zinnov and will initially grow to more than 200 professionals to spur innovation in AI, analytics, and automation to augment the core SaaS platform. With the help of the engineering advantage of India, StarRez will be on the way to achieving its mission of providing seamless, intelligent residential experiences to its international customer base of more than 1,100 institutions and 3 million residents to strengthen its leadership in the student housing software market.
Pine Labs, a Noida-based fintech giant, has already completed its anchor book placement and collected a large amount of ₹1,754 crore (approximately $210 million) before its long-awaited Initial Public Offering (IPO). The public issue commenced subscription on November 7, which was a big milestone for the company, and it showed great demand by a combination of international and local institutional investors.
Pricing strategy and investor participation
The company also allocated by issuing ₹7.93 crore equity shares to the anchor investors. This allotment has been made for ₹221 per share, which is the maximum price of the IPO price band of ₹210 to ₹221. Such pricing is due to the large institutional interest in the shares of Pine Labs and the belief in the growth trend of the fintech company.
Over 70 institutional investors were involved in the anchor book. This was a wide range of participants comprising major international institutions and major domestic mutual funds, which are pointers of the extensive interest of the entrants in the public listing of the company.
Our list of anchor investors includes a number of major financial giants in the world. Some of the major international institutions that participated in the anchor book allocation are Morgan Stanley, Nomura, Amundi Funds, and the MIT Retirement Fund.
The anchor allocation on the domestic front was also enthusiastically supported by the major Indian institutional investors. These were SBI Mutual Fund, ICICI Prudential Life Insurance Company Ltd, Axis Mutual Fund, and Aditya Birla Sun Life. Domestic mutual funds had a significant involvement in the distribution of the allocation; approximately 47% of the overall amount of the anchor allocation was allocated to 12 domestic mutual funds via 30 schemes.
Utilisation of funds and financial performance
The overall amount of the IPO is high, it is 3,899.91 crore. The proposal consists of two major parts. Fresh issue of shares of ₹2,080 crore. Existing shareholders offered a total of ₹1,819.91 crore.
The amount realized under the fresh issue component has been targeted at strategic purposes within the corporation. Pine Labs plans to use this capital to settle its debts, invest in technological changes, and power its international growth strategy.
The Offer for Sale element enables the current long-term investors to partially sell their shares and get substantial returns on their investments. Peak XV Partners (previously referred to as Sequoia Capital India) is among the current shareholders that will get the most out of the OFS, as the amount returns an estimated 39.5X on its original investment. Other initial investors are also likely to generate high returns. Madison India is expected to record 5.6X returns. Sofina Ventures will achieve a return of 4.7X.
Pine Labs has been able to show good growth in financial performance in accordance with the information given in its Red Herring Prospectus (RHP). In the current Financial Year 2025 (FY25), the company had registered a year-on-year revenue growth of 28.5% to ₹2,274 crore against ₹1,769 crore in the last fiscal year (FY24).
In FY25, its net losses reduced by ₹57 to ₹145 crore. The major change was experienced in the first quarter of the Financial Year 2026 (Q1 FY26), when the company became profitable and reported a net profit of ₹4.7 crore on a revenue of ₹616 crore.
The IPO will start being subscribed on November 7 until November 11. The following schedule shows that share allotment will be completed by November 12 and the shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 14. The minimum quantity of shares that retail investors can bid is 67 shares per lot, which is a lower investment of ₹14,807 in the highest price band.
Conclusion
The success of the anchor book closure of Pine Labs, which raised ₹1,754 crore in a wide range of over 70 institutional investors and global investors such as Morgan Stanley and Nomura, is a good precedent for its ₹3,899.91 crore IPO. The anchor financing at the high price range of ₹221 to share is an indication of strong trust in the fintech company that has shown remarkable revenue growth and has achieved profitability in the recent past. As the proceeds are dedicated to debt, technology, and global diversification, and as its current investors are set to realize out-of-the-scale returns, Pine Labs is well-placed to use the public market to expedite its aggressive growth and secure its place in the global fintech industry.
One of the major growths in the Indian maritime technology was made official with the signing of a Memorandum of Understanding (MoU) between the Indian Register of Shipping (IRS) and Neptunus Power Plant Services Pvt. Ltd. The deal, which was sealed at Maritime India Week 2025 and was presided by the Hon’ble Prime Minister of India, Shri Narendra Modi, forms a strategic partnership that would mainstream data-driven maintenance and digital diagnostics across the shipping sector of India. This collaboration will be the first step to a new era of Maritime innovation, fully powered by Indian R&D and Indian manufacturing, and it is a powerful ally to the Make in India program.
Official recognition and certification
Under this partnership, as a historic first, the IRS gave Type Approval Certification to Neptunus in two of its most successful products: VIB 360, the Engine Condition Monitoring System, and Torque Sense SHAPOLI. This is a significant milestone of India expressed through this official recognition, which has been formalized at Maritime India Week 2025. It means that the country is able not only to develop but also certify its own engine condition-monitoring systems, specially designed to power marine diesel engines.
The certification will give Indian ship owners an instant boost in implementing data-driven and cost-effective maintenance procedures. The technology, VIB 360, which was constructed in Mumbai, has been estimated to revolutionise the maintenance standards in the world by essentially removing unexpected downtime, improving reliability in operations, and lowering maintenance costs by as much as 30% based on experience.
The MD & CEO at Neptunus Power Plant Services Pvt. Ltd, Mr. Uday Purohit, said, “This MoU with the Indian Register of Shipping (IRS) reinforces our belief that Indian engineering can shape the global maritime future. We thank IRS for its vision and trust in Indian innovation. This Type Approval is more than a certification; it validates India’s capability to design and deliver data-led maritime technologies that meet global standards. Together, we are paving the way for Indian-built systems to enhance safety, efficiency, and operational reliability across the world’s shipping fleets.”
It is also a worldwide milestone, being the first time in history that the world has seen a classification society endorse an entirely indigenous engine health monitoring solution. The IRS has certified the technologies, and in its award of the Type Approval Certification to Neptunus regarding its VIB 360 and Torque Sense, SHAPOLI has been authenticated as the technologies are indigenous to the marine diesel engines and systems.
The certification indicates the ability of India to provide world-compliant and export-ready maritime solutions that are fully manufactured in the country. Historically, ships were maintained in regular OEM intervals, which were usually conservative and expensive. Fleets can switch to Condition-Based Maintenance (CBM) with the introduction of VIB 360. This transition to a data-driven to time-based maintenance is an essential move in the Digital Maritime Vision of India, which could result in greater operational reliability, decreased downtimes, and a higher fuel efficiency rate, which, in turn, would decrease the rate of emissions.
By the terms of the MoU, IRS and Neptunus will come up with joint frameworks and standards with regard to Condition-Based Maintenance (CBM). This collaboration aims at helping the maritime industry move from the old, time-based maintenance programs to the modern, real-time, data-driven maintenance processes.
The overall goal of the partnership is multifold: to make the work more reliable, to decrease maintenance expenses considerably, and to contribute greatly to the Green Shipping and Digital Maritime Vision of India. The collaboration between the IRS and its vast experience in regulatory and certification, and the innovative technological capabilities of Neptunus is laying the foundation of the world-first transformation in how ships are maintained, shifting back towards preventive schedules to data-driven CBM.
The Director & COO, Mr. Akshay Purohit, said, “This MoU is a step toward making condition-based maintenance a mainstream reality in India’s maritime sector. By combining local innovation with data-driven insights, we are creating a framework that can reduce downtime, improve fuel efficiency, and extend asset life. Together with IRS, we aim to redefine how the shipping industry manages its engines; with systems built and certified in India.”
The collaboration between the Indian Register of Shipping and Neptunus Power Plant Services Pvt. Ltd. is a significant breakthrough in the Make in India initiative in the maritime industry. The VIB 360 and Torque Sense SHAPOLI Type Approval Certification is a world-first in indigenous CBM technology, which places India at the centre of data-driven, cost-efficient, and sustainable maritime operations. This achievement confirms the excellence and ability of India in engineering and the ability to produce globally acceptable and exportable technologies all on-site.
An Indian space-tech company, the innovative start-up Agnikul Cosmos, has been able to complete a new round of funding, raising ₹60 crore ($6.7 million). The capital injection comes 2 years after the last significant announcement of financing in the company, indicating that investors are back in the space exploration industry and the strategic direction of Agnikul.
Investment and primary objectives
The space-tech company raised equivalent funds from two investors, Advenza Global Ltd and Atharva Green Ecotech Pvt Ltd. All these investors invested 30 crores into the new round.
The funding was implemented based on the issue of 225 Series C1 Compulsory Convertible Preference Shares (CCPS) as per regulatory filings obtained with the help of the Registrar of Companies (RoC).
Advenza Global Ltd and Atharva Green Ecotech Pvt Ltd were both the buyers of the shares at ₹13,33,393.74 per share. The name of the round as Series C1, refers to the extension or continuation of a prior funding series.
The key purposes to raise such investment, which are presented in the regulatory filings, focus on the promotion of the growth and operational needs of the company. The capital is primarily aimed at fulfilling strategic growth plans and expansion of its business. Part of the capital will be used to meet the working capital needs of a Chennai-based startup.
Product focus and financial performance
Srinath Ravichandran and Moin SPM co-founded Agnikul Cosmos in 2017. The development of customizable small satellite launch vehicles is the main business activity of the company.
The startup has attracted a lot of notice to its innovative work, in particular to the Agnibaan, a rocket engine that uses 3D printing technology. Agnikul conducts its research and development in one of the major academic research centres, the National Centre of Combustion R&D of IIT Madras.
Agnikul had already raised a massive ₹200 crore (approximately $26.7 million) in its Series B round in 2022 before this latest round. Leading investors, such as Celesta Capital and Rocketship.vc, joined that round, alongside Artha Venture Fund, Artha Select Fund, and Mayfield India.
As an aspect of financial performance, the firm has not officially submitted its financial results regarding the Financial Year 2025 (FY25). Its reported performance last fiscal year, FY24, has had a revenue of ₹9 crore.
The Chennai startup made a loss of up to ₹43 crore in the same period. Its competitor, Skyroot Aerospace, had a greater income of ₹29 crore in FY24 with slightly higher losses of ₹55 crore during the given fiscal year.
Conclusion
Agnikul Cosmos has already injected ₹60 crore ($6.7 million) in its business as part of a new Series C1 round, provided by both Advenza Global Ltd and Atharva Green Ecotech Pvt Ltd. Through this capital, which has been raised after a period of 2 years, strategically is to support the growth of the firm, finance its strategic growth plans as well as its working capital requirements.
The investment secures the company and stems the future based on its historical success in Series B, and its underpinning work at IIT Madras, despite ongoing footing in the existing financial market with a reported ₹43 crore loss on ₹9 crore revenue in FY24.
The Bangalore-based Turbostart, a venture capital fund and accelerator of startups, has announced that it is operating on a large scale with the launch of its new office in New Delhi. This is a strategic step towards enhancing the presence of the firm in North India, which is currently contributing to more than a third of the emerging startup ecosystem in the country. The growth highlights the support and acceleration of high-potential businesses in the various technological environments in India by Turbostart.
Track record and strategic base
Turbostart has established a significant presence in the Indian start-up scene since its establishment. Accelerator and venture capital fund have been able to accelerate more than 10 and 50 startups respectively at the early stages. Capital-wise, the company has invested more than $35 million in different areas and technologies, which indicates that the company can recognize and develop good early-stage firms.
The Delhi office is to be established as a strategic center of operations in North India for Turbostart. Turbostart will strategically identify promising startups and foster them through this new strategic base. However, this Delhi office will serve as a hub in connecting these North Indian projects to the broader global network of mentors, strategic partners, and five domain-centered Centers of Excellence (CoE) of the firm.
Regional expansion and global presence
The Delhi office will also be a central part of the regional growth of Ken42, an AI-based operating system that is tailored towards institutions of higher learning, with the aim of Turbostart. The platform will also partner with educational institutions in North India in order to become more digital and manage their academic functions. The leader of this initiative within the region will be Abhishek Sachar, the newly hired Chief Technology Officer (CTO) of Ken42.
Moreover, the largest Center of Excellence of Turbostart TSquaredC is set to gain a lot through the expansion, as it can access the pool of engineering and software talent available in the region.
The office in Delhi-NCR is a component of a wider, long-term initiative of the expansion of Turbostart countrywide. The company already has fixed operations in Bangalore and Coimbatore. To further reinforce the sales and technology strengths of both the Turbostart and its portfolio companies, in June 2025, the company opened an office in Kolkata, headed by Ramaprosad Ghosh. The second domestic expansion phase will involve the addition of new offices in Mumbai and Pune, which are found to be among the top startup locations in India.
Turbostart has active operations in the United States and the Middle East globally. However, the company has definite strategies for extending its global presence to the United Kingdom and Singapore within the next years. All of these national and global-level programs are aimed at supporting the Turbostart key vision, the creation of a globally networked ecosystem of early-stage founders and technologies.
Conclusion
The decision to expand in Delhi-NCR to have a new office is a strategic move by Turbostart to tap the huge entrepreneurial talent and market potential of North India. The new hub will improve partnerships with the local stakeholders and link upcoming startups to the global network, mentorship, and CoEs of Turbostart. This expansion, under the leadership of Rajagopal Koushik and Piyush Arora, is a larger national and international project that involves existing locations in Bangalore, Coimbatore, and Kolkata, and envisages new locations in Mumbai, Pune, the UK, and Singapore. With a strong presence in the region, which is driving more than a third of the emerging startups in India, Turbostart is strongly investing in its vision of driving sustainable growth and building a globally connected ecosystem for the next generation of founders.
