A comprehensive analysis of 39 startups founded by former Razorpay employees How Razorpay Became a Founder Factory Razorpay has emerged as more than just a fintech unicorn, it has become a breeding ground for operator-led founders. Over the past few years, early employees and operators have spun out to create their own ventures, collectively forming…
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Introduction India’s unlisted corporate sector entered 2026 with sustained momentum in institutional borrowing. January witnessed sizeable debt raises across financial services, power, infrastructure, and construction, underscoring continued lender confidence in asset-backed and cash-generating private companies. As public market volatility persists and equity fundraising remains selective, debt has emerged as a key growth and refinancing tool…
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Introduction This report analyses Peak XV Partners’ (formerly Sequoia India & SEA) investments in Indian unlisted companies that went on to list between 2020 and 2025. It tracks each portfolio company’s journey from first institutional investment to IPO, focusing on capital deployed, exits achieved, and return multiples measured up to the IPO date. About the…
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Introduction India’s company incorporation landscape witnessed a broad-based expansion between 2024 and 2025, reflecting renewed entrepreneurial confidence and improving ease of doing business across states and Union Territories. While large industrial states continued to add the highest absolute number of companies, several smaller states and UTs emerged as high-growth regions, signalling a widening geographic spread…
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India Startup Funding Snapshot – December 2025 India’s startup ecosystem closed December 2025 with ₹6,779.49 crore raised across 71 deals, reflecting steady investor confidence despite selective capital deployment. Funding activity was anchored by large, late-stage and strategic rounds across energy, healthcare devices, EVs, fintech, and deep-tech. While deal volumes stayed consistent, capital was clearly concentrated…
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Introduction: Robotics, IoT & Smart Manufacturing India’s manufacturing sector is undergoing a structural transformation driven by Robotics, Industrial IoT (IIoT), AI, and smart manufacturing platforms. What was once labour-intensive and cost-driven is now becoming data-led, automated, and outcome-oriented. Robotics enables precision, speed, and consistency on the shop floor. IoT connects machines, sensors, and systems to…
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Introduction The Indian men’s grooming industry has transformed from a niche segment into a global phenomenon. What started with beard oils and razors has now evolved into a holistic wellness movement that spans skincare, haircare, nutrition, and lifestyle products.A new generation of Indian brands is redefining masculinity, combining technology, design, and indigenous innovation to create…
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Introduction November 2025 witnessed significant borrowing activity across diverse sectors including aerospace, finance, energy, real estate, and petrochemicals. The top borrowers for the month reflect a mix of established corporates and fast-growing financial institutions, with charge amounts ranging from ₹200 Cr to ₹1,300 Cr.This report summarizes the leading charge registrations, highlights sector participation, and identifies…
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Introduction India’s sleep industry is entering a new era, one where sleep technology, wellness, and innovation converge.What was once a basic furniture category has evolved into a dynamic market led by smart materials, posture-based design, and ergonomic research.Sleep is no longer just about comfort; it’s about health, performance, and recovery. As India’s wellness economy expands,…
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About the Company Capillary Technologies is a Bengaluru-based SaaS company offering cloud-based customer engagement, loyalty, and analytics solutions for enterprises globally. Its AI-driven platform enables brands to manage loyalty programs, run personalized campaigns, and gain actionable customer insights. Capillary serves over 410 brands in 47 countries, providing end-to-end solutions through products like Loyalty+, Engage+, Insights+,…
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