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Four years ago, PharmEasy made one of the boldest bets in Indian startup history—acquiring a majority stake in Thyrocare, a listed, largely B2B diagnostics company, for Rs 4,546 crore.
December 17, 2025 at 9:47 AM
Four years ago, PharmEasy made one of the boldest bets in Indian startup history—acquiring a majority stake in Thyrocare, a listed, largely B2B diagnostics company, for Rs 4,546 crore.
India’s perfume market is over Rs 10,000 crore.
But for years, it forced buyers to choose between ₹300 deodorants and ₹15,000 luxury bottles.
So sellers like Yusuf Bhai stepped in.
But for years, it forced buyers to choose between ₹300 deodorants and ₹15,000 luxury bottles.
So sellers like Yusuf Bhai stepped in.
December 15, 2025 at 7:03 AM
India’s perfume market is over Rs 10,000 crore.
But for years, it forced buyers to choose between ₹300 deodorants and ₹15,000 luxury bottles.
So sellers like Yusuf Bhai stepped in.
But for years, it forced buyers to choose between ₹300 deodorants and ₹15,000 luxury bottles.
So sellers like Yusuf Bhai stepped in.
Agaro, owned by Kolkata-based Universal Corporation, has grown to over Rs 1,000 crore in annual sales by selling affordable, functional home appliances—without brand loyalty, marketing fanfare, or VC funding.
December 3, 2025 at 10:36 AM
Agaro, owned by Kolkata-based Universal Corporation, has grown to over Rs 1,000 crore in annual sales by selling affordable, functional home appliances—without brand loyalty, marketing fanfare, or VC funding.
Gurugram > Delhi. Thane > Mumbai. Kanchipuram > Chennai.
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
December 1, 2025 at 9:32 AM
Gurugram > Delhi. Thane > Mumbai. Kanchipuram > Chennai.
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
Last week, the Central government implemented four new labour codes, which:
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
November 28, 2025 at 9:17 AM
Last week, the Central government implemented four new labour codes, which:
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
Karnataka attracted $2.7B in venture funding in the first nine months of 2025—its lowest in 5 years—driven by a sharp drop in late-stage rounds.
Bengaluru accounted for nearly all of that funding, as it has for a few years now.
But what of Mumbai and Delhi? 🧵
Bengaluru accounted for nearly all of that funding, as it has for a few years now.
But what of Mumbai and Delhi? 🧵
November 27, 2025 at 7:54 AM
Karnataka attracted $2.7B in venture funding in the first nine months of 2025—its lowest in 5 years—driven by a sharp drop in late-stage rounds.
Bengaluru accounted for nearly all of that funding, as it has for a few years now.
But what of Mumbai and Delhi? 🧵
Bengaluru accounted for nearly all of that funding, as it has for a few years now.
But what of Mumbai and Delhi? 🧵
No blue-collar tech startup—no matter how well-funded—has cracked profitability at scale.
Today’s story is about Smartstaff, one such company whose workforce has shrunk from 200 employees to less than 10, amidst a disputed revenue collapse.
Today’s story is about Smartstaff, one such company whose workforce has shrunk from 200 employees to less than 10, amidst a disputed revenue collapse.
November 26, 2025 at 7:30 AM
No blue-collar tech startup—no matter how well-funded—has cracked profitability at scale.
Today’s story is about Smartstaff, one such company whose workforce has shrunk from 200 employees to less than 10, amidst a disputed revenue collapse.
Today’s story is about Smartstaff, one such company whose workforce has shrunk from 200 employees to less than 10, amidst a disputed revenue collapse.
Prosus’ India strategy has shifted.
From backing dominant incumbents like Flipkart and Byju’s, it’s now investing in high-growth challengers like Meesho, Ixigo, and Rapido. Take a step back, and its big picture emerges.
A thread:
From backing dominant incumbents like Flipkart and Byju’s, it’s now investing in high-growth challengers like Meesho, Ixigo, and Rapido. Take a step back, and its big picture emerges.
A thread:
November 25, 2025 at 9:00 AM
Prosus’ India strategy has shifted.
From backing dominant incumbents like Flipkart and Byju’s, it’s now investing in high-growth challengers like Meesho, Ixigo, and Rapido. Take a step back, and its big picture emerges.
A thread:
From backing dominant incumbents like Flipkart and Byju’s, it’s now investing in high-growth challengers like Meesho, Ixigo, and Rapido. Take a step back, and its big picture emerges.
A thread:
Domino’s and Pizza Hut commanded ~70% of India’s organised pizza market in the 2010s.
Today, amidst competition from regional and artisanal players, it has fallen below 60%. What does the landscape look like today?
Today, amidst competition from regional and artisanal players, it has fallen below 60%. What does the landscape look like today?
November 24, 2025 at 9:00 AM
Domino’s and Pizza Hut commanded ~70% of India’s organised pizza market in the 2010s.
Today, amidst competition from regional and artisanal players, it has fallen below 60%. What does the landscape look like today?
Today, amidst competition from regional and artisanal players, it has fallen below 60%. What does the landscape look like today?
Just a month ago, @verma_shivani12 wrote of Ultrahuman's sticky situation, and how despite turning its first profit, potential investors were hesitant to fund the company.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
November 21, 2025 at 6:43 AM
Just a month ago, @verma_shivani12 wrote of Ultrahuman's sticky situation, and how despite turning its first profit, potential investors were hesitant to fund the company.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
The demand for premium, service-led communities for the Indian elderly is higher than ever today. India’s senior living market, valued at nearly $3B today, is projected to reach $12B by 2030—and everyone wants a piece of the pie.
November 20, 2025 at 2:16 PM
The demand for premium, service-led communities for the Indian elderly is higher than ever today. India’s senior living market, valued at nearly $3B today, is projected to reach $12B by 2030—and everyone wants a piece of the pie.
In today’s CapTable Conversation, @MitterManiac speaks to Zoho Payment CEO Sivaramakrishnan Iswaran about the three-decade-old company’s foray into fintech—not with consumer apps or blitzscaling, but as a B2B infra play.
November 19, 2025 at 2:39 PM
In today’s CapTable Conversation, @MitterManiac speaks to Zoho Payment CEO Sivaramakrishnan Iswaran about the three-decade-old company’s foray into fintech—not with consumer apps or blitzscaling, but as a B2B infra play.
In 2021, $533M went missing from a loan issued by Byju’s Alpha.
Last week, a Delaware court testimony claims that the money was routed across three continents, all the way to a Singapore-based shell company, owned by Byju Raveendran himself.
Last week, a Delaware court testimony claims that the money was routed across three continents, all the way to a Singapore-based shell company, owned by Byju Raveendran himself.
November 18, 2025 at 3:00 PM
In 2021, $533M went missing from a loan issued by Byju’s Alpha.
Last week, a Delaware court testimony claims that the money was routed across three continents, all the way to a Singapore-based shell company, owned by Byju Raveendran himself.
Last week, a Delaware court testimony claims that the money was routed across three continents, all the way to a Singapore-based shell company, owned by Byju Raveendran himself.
Once crucial for local credit, over half of India’s 1,462 urban cooperative banks (or UCBs) now have net worth below ₹50 Cr.
Their legacy governance, thin capital, and political entanglements clash with the speed, transparency, and risk demands of modern banking.
Their legacy governance, thin capital, and political entanglements clash with the speed, transparency, and risk demands of modern banking.
November 17, 2025 at 9:30 AM
Once crucial for local credit, over half of India’s 1,462 urban cooperative banks (or UCBs) now have net worth below ₹50 Cr.
Their legacy governance, thin capital, and political entanglements clash with the speed, transparency, and risk demands of modern banking.
Their legacy governance, thin capital, and political entanglements clash with the speed, transparency, and risk demands of modern banking.
🏏 FREE READ: India’s 2025 Women’s World Cup win has triggered a financial inflection, elevating women’s cricket into a mainstream commercial force, akin to the 1983 men’s World Cup but amplified by digital reach and virality.
November 14, 2025 at 7:26 AM
🏏 FREE READ: India’s 2025 Women’s World Cup win has triggered a financial inflection, elevating women’s cricket into a mainstream commercial force, akin to the 1983 men’s World Cup but amplified by digital reach and virality.
Driven by surging demand for GLP-1 drugs, Indian private hospitals are rapidly launching weight-loss clinics.
Outpatient volumes shot up immediately.
Outpatient volumes shot up immediately.
November 13, 2025 at 6:33 AM
Driven by surging demand for GLP-1 drugs, Indian private hospitals are rapidly launching weight-loss clinics.
Outpatient volumes shot up immediately.
Outpatient volumes shot up immediately.
What happens when every competitor in a space has dirt cheap loyalty programmes?
The concept of “loyalty” is out the window. They become a value destroying trap that help with customer acquisition, but rarely with retention.
The concept of “loyalty” is out the window. They become a value destroying trap that help with customer acquisition, but rarely with retention.
November 12, 2025 at 10:51 AM
What happens when every competitor in a space has dirt cheap loyalty programmes?
The concept of “loyalty” is out the window. They become a value destroying trap that help with customer acquisition, but rarely with retention.
The concept of “loyalty” is out the window. They become a value destroying trap that help with customer acquisition, but rarely with retention.
Amidst pandemic-fuelled investor euphoria, Unacademy peaked. Its valuation was $3.4B, in 2021.
Then, schools reopened in 2022.
The company pivoted to offline coaching, no longer tech-first.
Founder Gaurav Munjal lost interest.
Then, schools reopened in 2022.
The company pivoted to offline coaching, no longer tech-first.
Founder Gaurav Munjal lost interest.
November 11, 2025 at 5:40 AM
Amidst pandemic-fuelled investor euphoria, Unacademy peaked. Its valuation was $3.4B, in 2021.
Then, schools reopened in 2022.
The company pivoted to offline coaching, no longer tech-first.
Founder Gaurav Munjal lost interest.
Then, schools reopened in 2022.
The company pivoted to offline coaching, no longer tech-first.
Founder Gaurav Munjal lost interest.
India’s jewellers have managed to take massive quantities of interest-free loans, relying on social trust over legal contracts.
That’s effectively what 11-month gold plans are: collecting money from customers under the guise of savings.
Regulators are not pleased.
That’s effectively what 11-month gold plans are: collecting money from customers under the guise of savings.
Regulators are not pleased.
November 10, 2025 at 8:29 AM
India’s jewellers have managed to take massive quantities of interest-free loans, relying on social trust over legal contracts.
That’s effectively what 11-month gold plans are: collecting money from customers under the guise of savings.
Regulators are not pleased.
That’s effectively what 11-month gold plans are: collecting money from customers under the guise of savings.
Regulators are not pleased.
FREE READ: Urban Company's new "Insta Help" service is its fastest-growing bet, clocking 4.7 lakh monthly orders just eight months after launch.
But this comes at a cost: Insta Help alone posted a ₹44 Cr EBITDA loss in Q2, FY26—pulling UC at large into a ₹35 Cr loss.
But this comes at a cost: Insta Help alone posted a ₹44 Cr EBITDA loss in Q2, FY26—pulling UC at large into a ₹35 Cr loss.
November 7, 2025 at 10:56 AM
FREE READ: Urban Company's new "Insta Help" service is its fastest-growing bet, clocking 4.7 lakh monthly orders just eight months after launch.
But this comes at a cost: Insta Help alone posted a ₹44 Cr EBITDA loss in Q2, FY26—pulling UC at large into a ₹35 Cr loss.
But this comes at a cost: Insta Help alone posted a ₹44 Cr EBITDA loss in Q2, FY26—pulling UC at large into a ₹35 Cr loss.
Akshayakalpa’s growth to what it is today was steady and unglamourous, wrote The CapTable’s @Verma_Shivani12 in June.
So it’s only natural that they add high-protein dairy options to their lineup—given whey is a byproduct in the manufacture of several other dairy products.
So it’s only natural that they add high-protein dairy options to their lineup—given whey is a byproduct in the manufacture of several other dairy products.
November 6, 2025 at 12:04 PM
Akshayakalpa’s growth to what it is today was steady and unglamourous, wrote The CapTable’s @Verma_Shivani12 in June.
So it’s only natural that they add high-protein dairy options to their lineup—given whey is a byproduct in the manufacture of several other dairy products.
So it’s only natural that they add high-protein dairy options to their lineup—given whey is a byproduct in the manufacture of several other dairy products.
Gold prices are soaring, and so is consumer interest in affordable, lightweight gold jewellery, especially among younger buyers.
With that as backdrop, today’s story by @ParBen24 follows Kalyan Jewellers’ 2017 acquisition of Candere, whose specialty is just that.
With that as backdrop, today’s story by @ParBen24 follows Kalyan Jewellers’ 2017 acquisition of Candere, whose specialty is just that.
November 6, 2025 at 10:06 AM
Gold prices are soaring, and so is consumer interest in affordable, lightweight gold jewellery, especially among younger buyers.
With that as backdrop, today’s story by @ParBen24 follows Kalyan Jewellers’ 2017 acquisition of Candere, whose specialty is just that.
With that as backdrop, today’s story by @ParBen24 follows Kalyan Jewellers’ 2017 acquisition of Candere, whose specialty is just that.
Standing out in a market flooded with protein products is indeed difficult, admits SuperYou co-founder Nikunj Biyani. But the taste-healthiness tradeoff is only one element in this mix.
November 5, 2025 at 11:09 AM
Standing out in a market flooded with protein products is indeed difficult, admits SuperYou co-founder Nikunj Biyani. But the taste-healthiness tradeoff is only one element in this mix.
To park your mutual funds, you have two options:
👉 A demat account
👉 The Statement of Account (SOA) mode.
In today’s story, @maulik_madhu explains which of the two is the better pick based on your needs.
Read on:
👉 A demat account
👉 The Statement of Account (SOA) mode.
In today’s story, @maulik_madhu explains which of the two is the better pick based on your needs.
Read on:
Demat or non-demat for mutual funds? Here’s how you can decide
With a demat account you can hold and manage stocks, mutual funds, and bonds, all in one place. But the traditional SOA (statement of account) aka non-demat mode also has its advantages, especially if you mainly invest in mutual funds.
the-captable.com
November 5, 2025 at 8:32 AM
To park your mutual funds, you have two options:
👉 A demat account
👉 The Statement of Account (SOA) mode.
In today’s story, @maulik_madhu explains which of the two is the better pick based on your needs.
Read on:
👉 A demat account
👉 The Statement of Account (SOA) mode.
In today’s story, @maulik_madhu explains which of the two is the better pick based on your needs.
Read on:
A giant that once defined an industry is now being sold for parts. Byju’s is now under formal insolvency resolution, helmed by EY’s RP, Shailendra Ajmera.
EOIs were invited in September to sell Byju’s core business and subsidiaries like Aakash, WhiteHat Jr, and Toppr. 🧵 (1/3)
EOIs were invited in September to sell Byju’s core business and subsidiaries like Aakash, WhiteHat Jr, and Toppr. 🧵 (1/3)
November 4, 2025 at 10:45 AM
A giant that once defined an industry is now being sold for parts. Byju’s is now under formal insolvency resolution, helmed by EY’s RP, Shailendra Ajmera.
EOIs were invited in September to sell Byju’s core business and subsidiaries like Aakash, WhiteHat Jr, and Toppr. 🧵 (1/3)
EOIs were invited in September to sell Byju’s core business and subsidiaries like Aakash, WhiteHat Jr, and Toppr. 🧵 (1/3)