Posts that explain reports that we release periodically around unlisted markets. All reports are downloadable freely from privatecircle.co.
Ather Energy, a Bengaluru-based electric vehicle (EV) startup, has emerged as a significant player in India’s rapidly evolving EV landscape. Founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, Ather has been at the forefront of designing and manufacturing intelligent electric scooters, notably the Ather 450 series. Financial Performance In the fiscal…
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The drone manufacturing and management sector in India has gained considerable momentum, driven by regulatory tailwinds, increasing defense and commercial demand, and significant investor interest. This report provides a detailed analysis of key funding, valuation, and operational trends shaping the sector in 2025. Company Stages: Funding Activity Overview The first quarter of FY2025 was the…
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India’s startup ecosystem continues to thrive, with ₹3,744 crore raised across 26 deals between April 25 and May 1, 2025. This surge underscores investor confidence and the dynamic nature of the Indian entrepreneurial landscape. Let’s delve into the top five funding deals that stood out during this period. 1. PB Healthcare Services Private Limited PB…
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India’s digital payments journey is incomplete without Juspay, a company that has quietly built the infrastructure behind billions of UPI and card-based transactions. Founded in 2012, Juspay’s growth is a masterclass in scaling deep-tech products that power the financial plumbing of India’s internet economy. 🔍 1. Financial Snapshot (FY24) Despite scaling revenue 39x over the…
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India’s private markets heated up this past week, with ₹1,660 Cr raised across 28 deals between April 11 and 17, 2025. While the volume remained steady, the value was concentrated among a handful of large-ticket raises—particularly in energy, electronics, and aerospace. Let’s unpack the Top 5 deals that powered this week: 1. Goldi Solar Private…
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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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