Shruti Malhotra

SoftBank-backed B2B platform OfBusiness is preparing for a public offering, aiming to raise between $750 million and $1 billion within the next 12-15 months. The company is merging its subsidiaries into a holding company ahead of the IPO.

Leveraging Tribe Capital’s proprietary quant model, the fund has already identified its first basket of 4-5 startups, targeting roughly $50 million worth of secondary transactions in the coming weeks.

Neeraj Arora of General Catalyst discussed the rapid growth of quick commerce in India, highlighting his investment in Zepto. He emphasised the need to recognise India's unique ecosystem, noting Zepto's success despite initial scepticism and the sector's potential for global impact.

After Delhi-NCR, Swiggy Instamart will evaluate expansion to other major cities, aiming to make the service accessible to more consumers across the country.

Launched in 2019, 8i Ventures' Fund I closed with $15.5 million under management, and this latest exit has further boosted its performance, with the fund now up 2.5x and achieving an internal rate of return (IRR) of 37%. The firm supports early-stage companies in fintech, commerce, and software.

FFH, a portfolio company of Singapore-based investment firm Temasek, is committing up to ₹252 crore in this strategic deal.

Neysa specialises in AI acceleration cloud systems designed to make AI adoption easier for businesses across industries. The company’s platforms—Neysa Velocis, Neysa Overwatch, and Neysa Aegis — enable businesses to deploy and scale AI applications while optimising network performance.

The initiative is designed to retain talent within India while fostering a vibrant innovation ecosystem. The fund will invest between ₹10 crore and ₹60 crore in startups, depending on their stage of growth and potential to impact India's space capabilities. It is expected to support around 40 startups over the next five years.

Despite favourable socio-economic conditions, projections show that only 110 million women will be added to the workforce by 2047, bringing the total to 255 million, or an FLFPR of just 45%. To bridge this gap, the report highlights the importance of integrating an additional 145 million ‘missing women' into the workforce. This is not only critical for economic growth but also for promoting gender equality.

Founded in 2022, Vridhi operates across five states — Karnataka, Andhra Pradesh, Rajasthan, Madhya Pradesh, and Telangana — with 51 branches and Assets Under Management (AUM) exceeding ₹200 crores.