Riya Agarwal, Author at Foundlanes

Snapdeal Parent AceVector to File ₹500 Cr IPO DRHP

Riya AgarwalJuly 16, 20250332 views

Snapdeal’s parent company, AceVector, is set to file for a ₹500 crore IPO, marking a major moment in India’s tech startup space this year. But this isn’t just another cash-out—most of the issue will be fresh shares, fueling bold expansion. AceVector isn’t just Snapdeal. It also includes Unicommerce (SaaS enabler) and Stellaro Brands (fashion labels like Rangita and Urban Mark), forming a full-stack ecommerce ecosystem built for Bharat. With over 80% of Snapdeal’s orders coming from Tier 2 and 3 cities, AceVector is doubling down on middle-market India. Backed by SoftBank and Nexus, and with CLSA and IIFL leading the IPO, this is one to watch.

Smartworks IPO Sees 17% Subscription on Day One

Riya AgarwalJuly 10, 20250205 views

The Smartworks IPO opened on July 10, 2025, drawing just 17% subscription on Day 1 — a lukewarm debut for India’s leading coworking space provider. Smartworks, one of India’s leading flexible workspace providers, is launching its IPO at a time when demand for hybrid office solutions is on the rise.
Just 17% of the issue was subscribed by midday, signaling a tepid response from investors. With nearly ₹600 crore on the line, the IPO is a mix of fresh equity worth ₹445 crore and an offer-for-sale of 33.79 lakh shares. The company priced the share sale between ₹387 and ₹407, hoping the proceeds would help them expand and clean up their balance sheet.

GobbleCube Raises $3.5M for AI-Driven Brand Insights

Riya AgarwalJuly 3, 20250196 views

AI meets ecommerce in a big way as GobbleCube secures $3.5M led by InfoEdge Ventures and Kae Capital. Built by Blinkit alumni, the startup’s AI copilot is helping brands 2x–3x their growth by detecting revenue leaks, unlocking micro-markets, and optimizing digital shelf visibility. With global traction already in MENA and LATAM, this is one playbook every founder should be watching.

Nykaa Shares Fall 5% After ₹1,210 Cr Deal

Riya AgarwalJuly 3, 20250401 views

Nykaa shares dropped nearly 5% after a ₹1,210 crore block deal involving early investor Harindarpal Singh Banga. The move sparked concerns over insider exits, despite the company’s strong Q4 showing with a threefold rise in profit and 25% growth in beauty sales. As Nykaa pushes into fast delivery and fashion, questions remain—passing cloud or early signs of change?

CIMware Secures $2.3M for Data Centre Management

Riya AgarwalJuly 2, 20250179 views

CIMware, a Bengaluru-based deeptech startup, has raised $2.3M in its first institutional round led by Transition VC. Their game-changing Composable Infrastructure Modules promise up to 80% energy savings and 66% lower capital costs. Backed by the Department of Telecommunications and targeting global markets, CIMware is gearing up to redefine data centre management in the AI era.

Eight Roads Offloads Stakes in $50M Secondary Deal

Riya AgarwalJuly 1, 20250132 views

Eight Roads Ventures has exited its stakes in MoEngage, Shadowfax, and Whatfix through a $50M secondary deal with TR Capital. With IPOs still sluggish, this move signals the growing momentum of secondary transactions in India. These aren’t early-stage bets—they’re mature, high-growth companies now backed by one of Asia’s leading secondaries investors. This isn’t just an exit. It’s a shift in how India’s startup ecosystem defines success.

Zango Raises $4.8M to Advance AI Compliance Tools

Riya AgarwalJuly 1, 20250130 views

Zango just raised $4.8M to revolutionize AI-powered compliance. Backed by Nexus Venture Partners and global fintech leaders, this Bengaluru-born startup is redefining how financial institutions handle regulatory chaos. With live clients like Monzo and Novobanco, and plans to expand into insurance and asset management, Zango is turning compliance into a competitive advantage. This isn’t hype, it’s execution.

Walko Acquires Meemee’s to Enter Artisanal Desserts

Riya AgarwalJune 30, 20250161 views

Walko Food Company has acquired Mumbai’s Meemee’s Ice Creams, marking a bold move into the artisanal dessert space. Known for its quirky creations like Toasties, Tubsters, and Roleys, Meemee’s brings a fresh, playful edge to Walko’s premium portfolio. As India’s ice cream market shifts toward creative, small-batch indulgence, this move signals Walko’s commitment to staying ahead of the flavor curve and winning over the next-gen dessert lover.

Jumbotail Joins Unicorn Club After $120M Funding Round

Riya AgarwalJune 30, 20250154 views

Jumbotail has officially joined the Unicorn Club, raising $120M in Series D led by SC Ventures, with strong support from Artal Asia. The B2B marketplace, founded in 2015, is transforming India’s kirana economy serving 500K+ retailers across 400 towns. With revenue doubling in FY23 and the acquisition of Solv India, Jumbotail is betting big on scale and fintech, even as profitability takes a backseat for now.

Kaynes Tech Launches New Division for Space Satellites

Riya AgarwalJune 28, 20250144 views

Kaynes Technology has launched a bold new venture: Kaynes Space Technology. With plans to design satellites from microsats to geostationary giants, develop indigenous launch vehicles, and build AI-powered systems, Kaynes is aiming to lead India’s private space race. Starting with just INR 10 lakh, the company is betting big on modular design, deep tech, and partnerships with ISRO and academia. This isn’t just another startup move — it’s a serious play to help shape India’s future in orbit.