Posts that explain reports that we release periodically around unlisted markets. All reports are downloadable freely from privatecircle.co.
When it comes to sporting events that blur the lines between entertainment and economics, the Indian Premier League (IPL) stands unmatched. With rising valuations, blockbuster team acquisitions, and lucrative brand deals, the 2024 financial snapshot of IPL teams reveals an evolving commercial ecosystem fueled by aggressive sponsorships and central revenue rights. Sponsorship Income: Who’s Winning…
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India’s startup ecosystem has witnessed remarkable growth, with numerous companies achieving unicorn status—valuations exceeding $1 billion. However, profitability remains a key differentiator among these giants. Based on the latest available financial data, here are the top 10 most profitable unicorns in India, highlighting their Profit After Tax (PAT) figures: These profitable unicorns exemplify the potential…
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The Indian private markets witnessed a dynamic funding landscape in March 2025. With a total of ₹9,916 crore raised across 113 deals, the month saw a mix of large-scale investments, shifts in investor behavior, and a surprising surge in Tier 2 & 3 city funding. Here’s a comprehensive breakdown of the key trends shaping private…
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The startup ecosystem shaped by former Ixigo employees has fostered the emergence of several notable companies, collectively known as the “Ixigo Mafia.” This report provides a comprehensive analysis of these startups, covering their valuations, industry distribution, workforce contributions, investment patterns, and strategic developments. Highlights of the Ixigo Mafia 2024 Blog Outline | Data and Insights…
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Until a few years ago, India was primarily seen as a market for investment, but exits remained a challenge. Over the past five to seven years, public markets have emerged as a viable exit route for many General Partners (GPs), and strategic exits have also gained traction. However, liquidity constraints still pose challenges, prompting the…
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India’s EV funding landscape is witnessing an unprecedented surge, reshaping the country’s automobile sector. Between Q3 FY23 and Q3 FY24, Indian electric vehicle (EV) startups attracted a massive ₹24,741 crores in funding, accounting for 95% of deal volume in the automobile sector. This remarkable growth highlights the increasing investor confidence in India’s EV market. What’s…
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The Indian private market recorded a total investments of ₹10,330 crore across 99 deals in in February 2025. While this was lower than the December 2024 peak of ₹19,788 crore, it still shows strong investor confidence early in the year. How Many Deals Happened? After a strong finish in December 2024 (142 deals) and January…
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If you’ve been scrolling through social media looking for honest, science-backed skincare, chances are you’ve come across Minimalist. The brand that made “Transparency in Skincare” its core philosophy has done more than just clean up our skincare routines – it has made waves in India’s personal care industry. With a strong D2C + retail strategy…
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The Indian automobile sector has been on quite the rollercoaster ride over the past couple of years. What started as a funding boom in FY2023 Q4 – hitting a peak of ₹7,058 crore – has since taken a winding road downhill, landing at ₹2,164 crore in FY2025 Q3. Investors seem to be pressing the brakes,…
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India’s Private Markets is off to a powerful start in January 2025, with ₹9,482 crore ($1.1 billion) raised across 141 deals. This shows robust investor confidence and a thriving market. Let’s break it down and take a look at the highlights from January, using some real-world insights to add color to the numbers. City-Wise Funding…
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