wayr today India

Category: Startup

  • Livspace Experiences Leadership Transition as Chief Business Officer Departs

    This article was generated by AI and cites original sources.

    Home decor startup Livspace is experiencing leadership changes as its Chief Business Officer (CBO), Lalit Mittal, leaves the company following the exit of co-founder Saurabh Jain. Mittal, who has been with Livspace for six years, has chosen to pursue his own entrepreneurial endeavors, signaling a shift in the company’s top management.

    This move comes amidst a backdrop of changes within the startup ecosystem, highlighting the dynamic nature of leadership roles in emerging tech companies like Livspace. Mittal’s departure and Jain’s exit mark a period of evolution for the organization, raising questions about the future direction of the company and its strategic priorities.

    As Livspace navigates these changes, the tech industry will be closely monitoring how the startup adapts and continues to innovate in the competitive home decor market. The departure of key executives presents both challenges and opportunities for Livspace, shaping its trajectory in the coming months.

    Source: Tech-Economic Times

  • Infra.Market Secures Significant Debt Financing Through Asset and Promoter Share Pledges

    This article was generated by AI and cites original sources.

    Mumbai-based Infra.Market has announced plans to raise Rs 1,250 crore in debt by leveraging its assets and shares held by company promoters as collateral. This move comes following the company’s recent approval from SEBI for its initial public offering (IPO) after a successful Series G funding round in September 2025.

    The company’s board has approved the issuance of 125,000 non-convertible debentures to raise funds, with a significant portion already secured from Ascertis Credit. In addition to using company assets as security for the loan, Infra.Market is pledging promoter shares, including those held by CEO Souvik Pulakesh Sengupta and COO Aaditya Gajendra Sharda, along with shares from other promoter entities and group companies like RDC Concrete India Limited.

    Despite a 27% increase in gross revenue to Rs 18,472 crore in FY25, the company experienced a nearly 42% decrease in profit during the same period. This financial strategy aims to strengthen the company’s position in the market and support its growth initiatives.

    Source: Entrackr : Latest Posts

  • Bewakoof Founder Prabhkiran Singh Steps Down: Implications for D2C Startup Acquisitions

    This article was generated by AI and cites original sources.

    D2C fashion brand Bewakoof has undergone a leadership transition as founder and CEO Prabhkiran Singh announced his decision to step down from his position after nearly 14 years. The move comes following Bewakoof’s acquisition by Aditya Birla Fashion and Retail Ltd’s TMRW in February 2023. Singh’s departure, aimed at focusing on personal goals like health and family, marks a significant shift for the brand.

    Founded as a D2C startup, Bewakoof has evolved to encompass both online and offline retail channels. Singh’s upcoming exit, scheduled for the end of March, underscores the brand’s readiness for a new phase, supported by a robust leadership team and the backing of TMRW and the Aditya Birla Group.

    Bewakoof caters to millennial and Gen Z consumers with a range of products, including clothing, accessories, notebooks, and backpacks. The brand’s D2C platform has amassed over 10 million users on its mobile app, reflecting its growing popularity and market presence.

    In late 2022, ABFRL’s TMRW acquired a majority stake in Bewakoof for ₹200 Cr, with the transaction completed in February 2023. This strategic move aimed to leverage TMRW’s resources for scaling Bewakoof’s operations and expanding its offline footprint, aligning with TMRW’s broader portfolio strategy targeting digital-first fashion and lifestyle brands.

    As TMRW continues to strengthen its position in the market, the recent revenue growth and operational performance signal a positive trajectory for the conglomerate’s investments in D2C ventures.

    Source: Inc42 Media

  • Livspace Navigates Leadership Transitions as Startup Evolves

    This article was generated by AI and cites original sources.

    Recent developments at home decor startup Livspace have seen significant leadership changes, with the departure of Chief Business Officer-India Lalit Mittal, following the exits of co-founder Saurabh Jain and CFO Saurabh Agarwal in recent months.

    Mittal’s resignation, announced over a month ago, marks the end of his 6-year tenure, during which he played a key role in driving a 4x business growth. The company views these transitions as a natural evolution within a high-growth organization.

    Mittal, who held various roles at Livspace including CEO of Livspace Select, is leaving the company to pursue his entrepreneurial journey, coinciding with a period of change for the startup. Jain’s exit to pursue personal interests and Agarwal’s departure earlier emphasize a significant shift in Livspace’s leadership landscape.

    With Livspace also undergoing recent workforce reductions, the startup appears to be navigating a phase of restructuring and transformation. As the company recalibrates its leadership team, industry observers are keen to see how Livspace adapts to these changes and continues its growth trajectory in the competitive home decor market.

    Source: Inc42 Media

  • Stripe’s Valuation Soars to $159 Billion, Reflecting Fintech’s Growth Trajectory

    This article was generated by AI and cites original sources.

    Fintech company Stripe has achieved a valuation of $159 billion, showcasing a remarkable surge from the previous year. This valuation increase comes amidst a larger trend where investors injected a total of $274 billion into startups within the past year, with U.S. venture funding experiencing a robust resurgence. Despite the challenging economic climate, Stripe has maintained profitability while actively channeling resources into further product innovations and strategic acquisitions.

    Source: Tech-Economic Times

  • Infra.Market Secures Debt Funding Ahead of Planned IPO

    This article was generated by AI and cites original sources.

    Infra.Market, a Mumbai-based tech company specializing in supplying building materials, has successfully raised Rs 1,250 crore in debt funding as it prepares for its upcoming initial public offering (IPO). The company recently obtained shareholder approval to issue a substantial number of non-convertible debentures valued at Rs 1 lakh each. These debentures will be backed by specific company assets and promoter shareholdings, including stakes in RDC Concrete, Neptune Readymix, and Robo Quarries.

    This funding milestone aligns with Infra.Market’s progress towards its planned Rs 5,000 crore IPO, following approval from the Securities and Exchange Board of India (Sebi). The raised funds are primarily earmarked for refinancing existing debts, indicating a strategic financial move for the company.

    Founded in 2016, Infra.Market caters to real estate developers, contractors, and architects by providing a wide range of building materials, from concrete and steel to electrical appliances. With key investments from prominent backers like Tiger Global and Accel, the company has shown significant growth, including a recent valuation of around $2.8 billion.

    In its latest financial report, Infra.Market disclosed a notable 27% year-on-year increase in operating revenue for the fiscal year ending March 2025, reaching Rs 18,472 crore. Despite a decline in net profit compared to the previous year, the company’s market presence and revenue growth remain robust in the competitive landscape.

    Source: Tech-Economic Times

  • Newtrace Secures Pre-Series A Funding for Green Hydrogen Technology Development

    This article was generated by AI and cites original sources.

    Climate tech startup Newtrace has secured ₹28 crore (approximately $3.12 million) in a pre-Series A funding round led by HDFC Bank and Mitsui Sumitomo Insurance from Japan. This investment marks a significant milestone for the Bengaluru-based company, with contributions also coming from existing investors including Aavishkaar Capital and Peak XV Partners.

    The funding round, approved by Newtrace’s board, involves the issuance of 2,541 pre-Series A CCCPS at an issue price of ₹111,694 each. The company’s valuation is expected to remain at ₹237 crore (approximately $26 million) post-investment.

    The raised capital will be allocated towards product development, expansion, and infrastructure improvement. Newtrace, founded in 2021 by Prasanta Sarkar and Rochan Sinha, specializes in developing cost-efficient electrolyzer technology for large-scale green hydrogen production. Their scalable systems aim to lower costs and reduce dependence on rare earth metals.

    Prior to this round, Newtrace had already raised over $6.5 million, with a significant portion coming from a previous round led by Peak XV and Aavishkaar Capital. This new funding will see Speciale Invest emerge as the largest external shareholder, followed by Peak XV and Micelio Technology Fund.

    Source: Entrackr : Latest Posts

  • LAT Aerospace Expands Capabilities with Acquisition of Defense Robotics Startup

    This article was generated by AI and cites original sources.

    Deepinder Goyal, the CEO of LAT Aerospace, has announced the company’s acquisition of the defense robotics startup Sharang Shakti. This strategic move aims to bolster LAT Aerospace’s in-house capabilities for future deployment in both defense and civil programs.

    The acquisition signifies LAT Aerospace’s commitment to leveraging cutting-edge technology in the aerospace sector. By integrating Sharang Shakti’s robotics expertise, LAT Aerospace is poised to enhance its technological prowess and expand its offerings in the defense industry.

    With this acquisition, LAT Aerospace is expected to strengthen its position as a key player in the defense and aerospace technology landscape. The incorporation of Sharang Shakti’s advanced robotics solutions is set to drive advancements in autonomous systems and robotics applications within LAT Aerospace’s portfolio.

    As LAT Aerospace continues to evolve and adapt to the changing tech landscape, this acquisition underscores the company’s dedication to staying at the forefront of technological advancements in the aerospace and defense sectors.

    Source: YourStory RSS Feed

  • Infra.Market Secures ₹1,250 Cr Debt Funding Ahead of Planned IPO

    This article was generated by AI and cites original sources.

    Infra.Market, a building materials platform, is set to raise ₹1,250 Cr ($137 Mn) in debt funding from Singapore-based private credit platform Ascertis Credit. This funding comes as the startup prepares for its upcoming initial public offering (IPO), having recently obtained approval from the Securities and Exchange Board of India (SEBI) for the public issue. The capital will be raised through the hypothecation of assets and the pledging of promoter shares within the startup and its associated group companies.

    Infra.Market plans to utilize the funds for various purposes, including refinancing debt, capital expenditure, and potential merger and acquisition activities. The startup, founded in 2016 by Souvik Sengupta and Aaditya Sharda, operates as a marketplace for construction materials, offering a range of products under its private label brands like RDC Concrete, Million Tiles, and Shalimar Paints. By leveraging technology to digitize procurement processes, Infra.Market serves both B2B and retail clients.

    Having already raised significant funding from investors such as Tiger Global and Accel, Infra.Market is now preparing for its IPO, maintaining a valuation of $2.8 Bn as per its latest Series G funding round.

    Source: Inc42 Media

  • Cross-border Payment Platform XFlow Raises $16.6M in Series A Funding

    This article was generated by AI and cites original sources.

    XFlow, a cross-border payment platform, has successfully raised $16.6 million in a Series A funding round, with General Catalyst as the lead investor. This new funding round has placed the company’s valuation at $85 million.

    The investment from General Catalyst signifies confidence in XFlow’s technology and its potential to streamline and simplify international transactions, offering users a seamless and efficient payment experience. This funding will enable XFlow to further develop its technology, expand its market reach, and enhance its service offerings.

    As cross-border transactions continue to increase in volume and complexity, innovative solutions like XFlow play a crucial role in facilitating secure and efficient payments globally. The investment in XFlow highlights the growing importance of technology-driven payment platforms in meeting the evolving needs of businesses and consumers in the digital economy.

    Source: YourStory RSS Feed