Author: Himanshu Sindhi
Delhivery, India’s largest fully-integrated logistics provider, has officially launched Delhivery Direct, its on-demand intracity delivery service, in Delhi-NCR and Bengaluru. The rollout follows a successful pilot in Ahmedabad and signals the company’s push into the fast-growing hyperlocal delivery space. ⚡ 15-Minute Pickup, Multivehicle Options The Delhivery Direct app allows users to book local pickups in as little as 15 minutes, catering to both individual and SME delivery needs. Depending on the parcel size, the platform dispatches: Customers can also ship parcels intercity to over 18,800 pin codes nationwide, right from their doorstep. 💬 Leadership Speaks “We are now fully live…
Swiggy, India’s leading food delivery and quick-commerce unicorn, is branching out into the luxury lifestyle space with the soft launch of its new app, Crew, sources told Entrackr. The invite-only service is currently being tested internally and marks Swiggy’s boldest diversification into non-core services yet. ✨ What is Crew? Crew is a personalized travel and lifestyle concierge app aimed at urban professionals and premium users. Early features reportedly include: Sources say the app can handle “anything from everyday errands to full-blown luxury travel plans.” 🔄 From Rare Life to Crew This is Swiggy’s second foray into premium services. Last year,…
Krutrim, the Bhavish Aggarwal-led AI startup, has acquired BharatSahAIyak, a firm specializing in public-sector AI implementations, from technology consulting firm Samagra. While financial terms remain undisclosed, the deal is strategically positioned to bolster Krutrim’s presence in government-led AI deployments. 🧠 What Does BharatSahAIyak Do? BharatSahAIyak has been focused on leveraging AI for governance, education, and public health. It has built tools and systems aimed at enhancing service delivery in partnership with various government agencies across India. 🔍 Why This Acquisition Matters This move gives Krutrim an on-ground execution engine for deploying its AI stack into critical public-sector domains. With BharatSahAIyak’s…
In a key leadership reshuffle, Swiggy’s Senior VP of Driver Org, Shalabh Shrivastava, has exited the company, as per sources familiar with the matter. While Swiggy officially announced Saurav Goyal as the new leader for Driver and Delivery Operations earlier this week, it did not disclose Shrivastava’s resignation publicly. 👤 Who is Shalabh Shrivastava? Shrivastava joined Swiggy in November 2024 after a decade-long stint at Flipkart, where he last served as VP and National Head of Large and Furniture Supply Chain. He played a strategic role in streamlining Swiggy’s delivery infrastructure during a phase of rapid demand spikes across both…
Chennai-headquartered NBFC Mahaveer Finance has raised Rs 200 crore (~$23.1 million) in equity funding led by Elevation Capital, with continued participation from Banyan Tree Finance and First Bridge Capital. The round marks Mahaveer’s largest equity infusion to date and builds on its previous Rs 75 crore (~$9 million) raised in two earlier rounds from Banyan Tree and First Bridge. 🚀 Fueling Growth: Technology, Governance & Expansion The company will use the capital to: Led by Praveen Dugar, Mahaveer Finance has established itself in the niche segment of used commercial and passenger vehicle loans, a category often underserved by traditional banks.…
Gurugram-based electric two-wheeler manufacturer Okinawa Autotech has raised Rs 60 crore (~$7 million) in funding from its existing investor Dhruv Khush Business Ventures, according to recent filings with the Registrar of Companies (RoC). The board approved the allotment of 23.51 lakh equity shares at an issue price of Rs 255.21 per share, valuing the company at Rs 325 crore (~$38 million) post-money. 🚨 A Lifeline Amid Decline The fundraise comes at a critical juncture for Okinawa, which has seen a sharp fall in revenues, sales volume, and market share over the past two fiscal years: MetricFY23FY24% ChangeRevenueRs 1,144 croreRs 182…
Bengaluru – Smart parking solutions provider Get My Parking has secured Rs 21.6 crore (~$2.5 million) in an extended Series A funding round, led by its existing investor IvyCap Ventures, with additional participation from Legacy Assets LLP, The Sarvasva Trust, and multiple angel investors. This fresh capital injection comes four years after the company raised $6 million in its original Series A round in May 2021. 💸 Investment Breakdown: The board approved issuance of 3,923 Series A2 CCPS shares at a premium valuation of Rs 55,088 per share, according to filings with the Registrar of Companies (RoC). 📊 Valuation Surge…
Bengaluru – Loyalty management solutions provider Capillary Technologies has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a Rs 2,250 crore (~$265 million) Initial Public Offering (IPO), marking a significant step toward entering public markets. The proposed IPO comprises a fresh issue of equity shares worth Rs 430 crore (~$50 million) and an offer for sale (OFS) of 1.83 crore equity shares by existing shareholders, as per the filing. 🔍 Key IPO Details: Capillary’s shares are set to be listed on both the NSE and BSE, with JM Financial, IIFL Capital,…
IPO readiness & DRHP filing Ambitious valuation targets Bookrunners & IPO timing Reverse‑flip & corporate restructuring Funding history & investor backing Revenue growth & loss trajectory Valuation deliberations & market realism India IPO ambition & ecosystem trend
A showcase of indigenous innovation Private and MSME sector at the forefront Boost to defence‑tech investment Government strategies under Make in India Technology integration as a benchmark Emerging startup‑driven future A wake‑up call for MSMEs