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…
Read moreTag: PrivateCircle Research
Top 10 Unlisted Companies with the Highest Loan Borrowings in 2025
Introduction Corporate borrowing in India touched historic highs in 2025 as unlisted companies tapped large-scale debt to fund infrastructure expansion, real estate development, energy transition, and group-level restructuring. Using MCA charge filings and sector classification data, this report highlights the Top 10 unlisted Indian companies with the highest loan borrowings in 2025, offering a clear…
Read moreDeals Spotlight: Indian Startup Funding Highlights
Top 5 Funding Deals (Jan 16 – Jan 22, 2026) Deals dominated India’s startup ecosystem this week, with major funding activity across mobility, finance, robotics, consumer brands, and space-tech. Between Jan 16 and Jan 22, 2026, investors backed high-growth companies solving real-world problems, showing that large deals are increasingly flowing into infrastructure-heavy and deep-tech sectors…
Read moreAre NCLT Cases Closing Faster?
5-Year Interim Order Activity Trend (2021–2025) India’s insolvency and corporate dispute ecosystem runs heavily through the National Company Law Tribunal (NCLT). For founders, lenders, investors, and legal teams, NCLT timelines are not just a compliance concern they directly impact recoveries, deal closures, resolution outcomes, and capital recycling. Over the years, the biggest criticism of NCLT…
Read moreWho Borrowed How Much in 2025? Industry-Wise Loan Trends Across India Inc
Corporate borrowing remained a defining theme of India Inc’s financial landscape in 2025. As companies across sectors tapped debt markets to fund expansion, refinance balance sheets, and manage working capital, loan charge filings revealed clear sectoral patterns and cyclical shifts through the year. This report presents a month-wise, industry-wise view of loan charges availed by…
Read moreHow Have Director Appointments Changed Over the Years? (2019–2025)
Corporate boards in India have expanded steadily over the last seven years but the nature of this expansion tells a more nuanced story. While the total number of director appointments has grown sharply, the composition of these appointments has shifted significantly, pointing to changing governance structures, compliance priorities, and leadership models. This blog breaks down…
Read moreShadowfax Technologies: Inside the Investor Return Multiples
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…
Read moreIndia Funding Deals Pulse (Jan 09–Jan 15, 2026): ₹2,611 Cr Across 28 Deals
India’s startup funding deals remained active in mid-January 2026, with investors backing a mix of wealth platforms, healthcare models, hygiene brands, and education-led scale plays. Between Jan 09 and Jan 15, 2026, India recorded ₹2,611 Cr across 28 deals. The week’s funding deals were clearly led by a few large rounds, showing that bigger cheques…
Read moreWho Took Money Off the Table in Amagi’s IPO?
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…
Read moreIndia Inc’s Borrowing Pulse: A Month-wise View of Corporate Loans in 2025
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…
Read more







