Think | Create | Scale
Follow
  • Startup Pulse
    Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating.

    • Just In

    Everything You Need to Know About the NSDL IPO Opening on July 30

    Latest News Posted on  —by Salil Urunkar
    NSDL IPO

    Mumbai: National Securities Depository Limited (NSDL) has announced that its highly anticipated Initial Public Offering (NSDL IPO) will open for subscription on Wednesday, July 30, 2025, and close on Friday, August 1, 2025.

    The NSDL IPO price band has been fixed at ₹760 to ₹800 per equity share with a face value of ₹2 each.

    Also Read: Digital-First Life Insurance: Angel One and LivWell to Launch INR 4 Billion Joint Venture

    The public issue is a pure offer for sale (OFS) comprising 50,145,001 equity shares by the following selling shareholders:

    • IDBI Bank Limited – up to 2.22 crore shares
    • National Stock Exchange of India Limited – up to 1.8 crore shares
    • Union Bank of India – up to 5 lakh shares
    • State Bank of India – up to 40 lakh shares
    • HDFC Bank – up to 20.1 lakh shares
    • Administrator of SUUTI – up to 34.15 lakh shares

    Investors can place bids in multiples of 18 equity shares, with the Anchor Investor bidding window opening a day earlier on Tuesday, July 29, 2025. The equity shares are proposed to be listed on BSE, which is also the designated stock exchange for the offer.

    Allocation Details and Regulatory Compliance

    The NSDL IPO is being launched via the Book Building Process, in accordance with SEBI ICDR Regulations and SCRR Rule 19(2)(b). The offer structure is as follows:

    • Qualified Institutional Buyers (QIBs): Not more than 50% of the net offer
    • Anchor Investors: Up to 60% of QIB portion; one-third reserved for domestic mutual funds
    • Mutual Funds: Minimum 5% of the QIB portion
    • Non-Institutional Investors (NIIs): At least 15% of the net offer
    • One-third reserved for bids between ₹2 lakh and ₹10 lakh
    • Two-thirds reserved for bids above ₹10 lakh
    • Retail Individual Investors (RIIs): Not less than 35% of the net offer
    • Employee Quota: Up to 85,000 equity shares reserved

    Also Read: The Wealth Company Mutual Fund Targets 45 Per Cent Retail Base from Bharat by 2030

    All investors, except Anchor Investors, are required to apply via the ASBA (Application Supported by Blocked Amount) process. Retail investors must use the UPI mechanism for payment.

    NSDL IPO Lead Managers

    The Book Running Lead Managers (BRLMs) to the issue are:

    • ICICI Securities
    • Axis Capital
    • HSBC Securities
    • IDBI Capital Markets
    • Motilal Oswal Investment Advisors
    • SBI Capital Markets
    • HDFC Bank will act as the Marketing Book Running Lead Manager (M-BRLM).

    For detailed offer information, refer to the Red Herring Prospectus: NSDL RHP PDF

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

    Related Posts

    Sahyadri Startups
    Copyright © 2026. All rights reserved. Powered by Rumanvay Growth Partners LLP Powered by Probewise.
    Back to top