🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Seci plans to launch IPO within next two years: CMD RP Gupta | Mint

Livemint

Livemint · 10m ago

Seci plans to launch IPO within next two years: CMD RP Gupta | Mint

State-run Solar Energy Corp. of India Ltd (Seci) plans to go public within a year or two, according to its chairman and managing director R.P. Gupta. The company aims to install 10 GW of renewable energy capacity by 2030. Seci, which issues tenders for renewable energy projects, expects to tender 20 GW of projects this fiscal year. India's power demand is projected to reach 2,000 MW by 2047. Gupta also mentioned that power supply agreements for 30 GW of projects are yet to be signed.

Related News

SpaceX plans to send five uncrewed Starships to Mars in two years, Musk says

Economic Times

Economic Times · 10m ago

SpaceX plans to send five uncrewed Starships to Mars in two years, Musk says

SpaceX plans to launch multiple uncrewed Starship missions to Mars over the next two years, with the goal of increasing the number of spaceships traveling to Mars exponentially. CEO Elon Musk stated that the success of these missions will impact the timeline for crewed flights to the planet. If the initial uncrewed missions go well, crewed missions could begin within four years. However, significant issues could delay the crewed timeline by another two years. The Starship is envisioned as a spacecraft for transporting people and cargo to Mars and the moon.

Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid

Livemint

Livemint · 8m ago

Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid

Reliance Power, led by Anil Ambani, is facing potential criminal proceedings from the Solar Energy Corporation of India (SECI) after a subsidiary of the company submitted fake documents for a bid. SECI had already banned the company from participating in clean energy project tenders for three years due to the fake endorsement of a foreign bank guarantee. The government-owned SECI has deemed the submission of the fake documents as a deliberate act intended to manipulate the tendering process. Reliance Power plans to legally challenge the ban.

D2C Health Foods Brand Alpino Ropes In Shilpa Shetty As Investor

Inc42 · 10m ago

Bengaluru-based health foods brand Alpino raised $1.2 million in its first funding round, led by actress Shilpa Shetty. The investment will be used to expand the brand's offline presence and international reach. Shetty has also become the brand ambassador for Alpino. The company aims to launch 20 new products in the next two years and reported a revenue of INR 73 crore in FY23. Alpino targets a revenue milestone of INR 500 crore within the next two years.

Xiaomi aims to double export of devices from India to 700 mn by 2034 | Mint

Livemint

Livemint · 1y ago

Xiaomi aims to double export of devices from India to 700 mn by 2034 | Mint

Chinese smartphone maker Xiaomi plans to double its device shipments from India by the next decade, aiming to ship an incremental 700 million devices in the country. The company, which completed a decade in India, is increasing smartphone production in the country and aims to source 55% of non-semiconductor parts locally within the next two years. Xiaomi ended 2023 as the fourth top-selling brand in the India smartphone rankings, with its shipments down 29% last year. The company's India head also emphasized the importance of artificial intelligence and localizing the smartphone supply chain.

India’s Wow Momo takes cues from Domino’s for IPO in two years

Livemint

Livemint · 10m ago

India’s Wow Momo takes cues from Domino’s for IPO in two years

Indian fast-food chain Wow Momo Foods is planning to go public within the next two years, as it aims to replicate the rapid expansion of Domino’s Pizza in India. With a valuation of 25 billion rupees ($299.33 million) and a network of 650 stores, Wow Momo wants to become the first major local fast-food chain to go public. The company reported revenue of nearly 4.8 billion rupees for the fiscal year ending in March and aims to double it to 10 billion rupees over the next 30 months. Wow Momo plans to increase its store count to 1,000 and become profitable within two years.

Former Peak XV MD Piyush Gupta launches secondary-focused fund

Entrackr

Entrackr · 8m ago

Former Peak XV MD Piyush Gupta launches secondary-focused fund

Piyush Gupta, former Peak XV Partners Managing Director, has launched an investment firm, Kenro Capital, which will focus on secondary transactions. In secondary transactions, shares are exchanged between investors at a mutually agreed price, without involving the infusion of new capital into the company or the issuance of additional shares. The development comes seven months after Piyush Gupta left Peak XV. He joined the venture capital firm (formerly known as Sequoia Capital) in 2017 as managing director at Strategic Development. Before that, he was at Morgan Stanley and Deutsche Bank for more than a decade. Gupta launched the new fund with Norbert Fernandes, a seasoned India-focused private equity professional with over 17 years of investing experience across Temasek, IvyCap Ventures, and TR Capital. Kenro Capital will invest in companies in India and Southeast Asia. As per media reports, Kenro has raised an undisclosed amount, is domiciled in Singapore, and will be investing around $20-30 million in growth secondary transactions. The fund aims to acquire minority stakes in growth companies with scaled revenues, profitability or near-profitability, and strong potential for public listing within 2-3 years. Recently, domestic financial investors Oister Global and Tribe Capital India partnered to launch their secondary franchise in India, with plans to invest $500 million over the next two years. In May, 360 ONE Asset Management, formerly known as IIFL Asset Management Ltd, also launched a $480 million worth secondary fund.

Edtech Upgrad aims for IPO in two years

Economic Times

Economic Times · 1y ago

Edtech Upgrad aims for IPO in two years

Mumbai-based edtech unicorn Upgrad plans to go public through an IPO within the next two years. The company aims to achieve milestones like $750 million in revenue, an 80% gross margin, and a 50% net margin before proceeding with the listing. Upgrad focuses primarily on digital operations in India and intends to list on the Indian stock market. Currently, the company has a run rate of $400 million and recorded significant revenue growth in the previous financial year. It has also allocated funds to open offline touch-points and learning centers.

Hero Future Energies to invest $20 billion to boost renewable energy capacity to 30 GW by 2030

Livemint

Livemint · 10m ago

Hero Future Energies to invest $20 billion to boost renewable energy capacity to 30 GW by 2030

Hero Future Energies, the power production unit of Hero Group, has announced plans to invest $20 billion to increase its capacity from 1.9 GW to 30 GW by 2030. The capacity expansion will be focused on wind, solar, and battery storage technology. The company expects to commission 3.4 GW of this capacity increase within the next two years. This investment aligns with India's goal of adding 500 GW of clean energy by 2030. Hero Future Energies is also considering a pre-IPO fundraising round, following a previous fundraising of $450 million in 2022.

Hyundai hoping to regain market share in India as auto major’s $3 billion IPO looms, lines up SUV launches & more | Mint

Livemint

Livemint · 11m ago

Hyundai hoping to regain market share in India as auto major’s $3 billion IPO looms, lines up SUV launches & more | Mint

Hyundai Motor plans to launch a series of new SUVs in India as part of its strategy to regain market share from domestic rivals. The automaker, which is gearing up for a $3 billion public listing in the country, will begin with the launch of its first India-made electric vehicle early next year, followed by two gasoline-powered models. Hyundai's market share in India has declined to 14.6% from 17.5% four years ago, as competition from domestic manufacturers such as Tata Motors and Mahindra & Mahindra has increased. Hyundai aims to boost global sales by 30% by 2030.

New venture capital firm Kenro scouts for secondary deals

Economic Times

Economic Times · 8m ago

New venture capital firm Kenro scouts for secondary deals

Peak XV Partners' former managing director, Piyush Gupta, has launched Kenro Capital, an investment firm focused on secondary transactions in India and Southeast Asia. The firm plans to pick up minority stakes in growth-stage companies looking to go public in the next two to three years. With a target investment of $20-30 million per deal, Kenro Capital aims to fill the liquidity gap in the market and capitalize on the $100 billion secondaries opportunity in India. Gupta highlighted the narrowing price discounts for secondaries and the increasing interest in cash exits among venture capitalists.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.