Posts that explain reports that we release periodically around unlisted markets. All reports are downloadable freely from privatecircle.co.
About the IPO Shadowfax Technologies, one of India’s largest hyperlocal and last-mile logistics platforms, is stepping into the public markets with a much-anticipated IPO. The offering combines a fresh issue to fund future growth and a significant Offer for Sale (OFS) by early and late-stage investors. For the Indian logistics-tech ecosystem, this IPO marks a…
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Amagi’s initial public offering (IPO) marks one of the most closely watched exits in India’s new-age technology landscape. More than just a listing event, the IPO represents a full-circle moment for early believers, institutional investors, and founders who backed a company long before connected TV (CTV) advertising became a global growth story. This blog takes…
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Introduction Corporate borrowing trends often act as a real-time barometer of economic confidence. In 2025, India Inc’s loan activity, captured through MCA charge filings, reveals a year marked by sharp spikes, cautious mid-year behaviour, and a pronounced year-end slowdown.This month-wise analysis highlights how companies raised debt across the year and what it signals for credit…
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India’s boardrooms witnessed significant movement in 2025 but not all change was equal. While hundreds of thousands of director appointments were recorded across companies, actual exits remained comparatively limited, pointing to a system that is expanding faster than it is refreshing. This imbalance raises deeper questions around board experience, continuity of control, and how decision-making…
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When we think of women’s health in India, fertility often dominates the conversation, and for a long time, that’s been understandable. But the emerging wave of FemTech 2.0 is radically expanding the narrative. Today’s women-led (or women-focused) startups aren’t just solving reproductive issues; they’re addressing the full spectrum of women’s wellness, from sustainable period care…
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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 Corporate borrowing activity in December 2025 highlights where capital is flowing across India’s unlisted ecosystem. Large charge creations often signal capacity expansion, refinancing, project execution, or balance-sheet restructuring, making them a strong proxy for sectoral momentum. This month’s data reveals a clear tilt towards energy, infrastructure, telecom, and real estate, with both public utilities…
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India’s Plant Protein & Alternative Meat Innovators Where conscious eating meets next-gen food technology India’s plant-protein and alternative meat ecosystem is no longer niche, it’s a fast-scaling food-tech movement reshaping how the country eats. Driven by urban consumers, sustainability shifts, and the pursuit of healthier protein, these startups are building everything from tempeh and soy-based…
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India’s K–12 EdTech Industry: From Consumer Apps to School Infrastructure India hosts the world’s largest K–12 student population, with over 250 million school-going students, making education one of the country’s most scalable digital opportunities. The EdTech market, valued at nearly $750 million in 2020, is projected to grow to approximately $4 billion by 2025, with…
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