Author: Arabian Media staff

Omnichannel jewellery player Bluestone has set its initial public offering’s pricing at Rs 492 to Rs 517 per share, according to the company’s exchange filings. On Friday, the Prosus-backed company raised over Rs 693 crore from anchor investors, three days before its IPO opening for subscription. Institutional investors that participated in the anchor book included Amansa Holdings, SBI Life Insurance Company, Nippon India Mutual Fund (MF), Goldman Sachs, Aditya Birla SunLife MF, HDFC Life Insurance Co Ltd, Societe Generale, DSP India MF, PGIM India MF, Axis MF and Motilal Oswal MF, according to a circular uploaded on the BSE website.…

Graas.ai, an AI-native data and automation company for ecommerce, has raised over $9 million in a pre-Series B round led by Tin Men Capital, with participation from Incred Wealth, Orzon, and returning investors Integra Partners and Yuj Ventures.The fresh capital will accelerate the rollout of Agent Foundry in India—a proprietary environment for developing autonomous agents that tackle pressing commerce challenges, from customer acquisition costs and pricing optimisation to margin protection and inventory management. Unlike traditional AI copilots or dashboards, Agent Foundry delivers actionable intelligence, enabling agents to analyse real-time performance across channels, SKUs, and campaigns, and then execute decisions for…

Bengaluru-based proprietary venture capital firm Upsparks Capital has quietly emerged as a significant force in India’s early-stage startup ecosystem. Since 2020, the proprietary fund has deployed Rs 57 crore across 65 investments, maintaining a sharp filter with an acceptance rate below 3% of evaluated startups, said a top executive in an interaction with YourStory.Backed entirely by the personal capital of its founding partners Shivam Prasad, Mohamad Faraz, and Vinay Jain, Upsparks currently manages assets worth over Rs 198 crore. According to co-founder Faraz, the firm has achieved a multiple on invested capital (MOIC) of 3.5x to date, a performance that…

Hello,The AI wave is flooding the markets. And with it, there’s a new clutch of hedge funds that are betting on which industries are being swept along, and which of them will be left behind. Thematic funds are seizing the opportunity to cash in on the AI frenzy, with several managing assets worth billions. Even veteran hedge-fund names, like Point72 Asset Management founder Steve Cohen, are throwing their hats in the ring. Cohen’s AI-focused hedge fund Turion is named after Alan Turing, the father of theoretical computer science. Assets at the fund now exceed $2 billion, the Wall Street Journal reported. In a…

When Sanjay Nekkanti started building satellites at age 19, the private space sector in India was close to non-existent. “There were hundreds of millions of people, and yet, no one was doing that [launching satellite building companies]. For me, this really was motivation to take the road less travelled, and lead the opening of the private space tech ecosystem in India,” recalls Nekkanti.Today, as founder and CEO of Hyderabad-based Dhruva Space, Nekkanti is preparing to open one of the largest satellite mass production facilities in India — a 280,000 sq. ft. facility designed not only to accelerate Dhruva’s next phase…

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Kids who are taught about money during their childhood are three times more likely to earn an income of $75,000 or higher as adults, according to data from personal finance company Quicken. As a busy entrepreneur without the benefits typically available to large corporate employees, it’s even more important to prepare for your children’s future. Fortunately, there’s now an app for that.FutureMoney Pro…

Capital markets regulator SEBI has proposed a separate category of Alternative Investment Fund (AIF) schemes, consisting of accredited investors, which will enjoy a lighter-touch regulatory framework compared to regular AIFs.In a consultation paper issued on Friday, SEBI suggested that such accredited investors (AI-only schemes) could be allowed certain flexibilities, given that accredited investors are deemed to have the knowledge, financial capacity and risk appetite to make informed investment decisions without the same level of regulatory safeguards required for retail participants.The proposal includes exemptions from requirements such as maintaining pari-passu rights among investors, NISM certification for key investment team members, and…

The development of public charging infrastructure will play a vital role in faster adoption of electric vehicles, as driving range anxiety has emerged as a deterrent to customers to accept an EV as a primary car in a household, according to a senior Maruti Suzuki India executive.The sales of electric passenger vehicles in the domestic market have almost doubled, but the overall base still remains small.”Total contribution of EVs is 4.5% (overall PV sales), it has grown from 2.4% to 4.5%. Absolutely, if you see number-wise, growth is 100%. But is it sustainable?” Maruti Suzuki India Senior Executive Officer (Marketing…

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Stay productive wherever work takes you with a versatile 2‑in‑1 Chromebook, on sale for $169.99 (MSRP $329.99), that switches seamlessly between laptop and tablet mode, keeps you connected with Wi‑Fi 6, and powers through the day on a single charge.Powered by the MediaTek Kompanio 520 processor and 8GB RAM, it handles multitasking with ease whether you’re working in Google Workspace, running web apps, or…

JM Financial Credit Solutions Ltd, a wholly-owned subsidiary of JM Financial, on Sunday said it will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance Company for Rs 65.5 crore.In a regulatory filing on Sunday, JM Financial said JMFCSL has executed an investment agreement with Bajaj Allianz Life Insurance to sell 1.36 crore equity shares, representing a 2.10% stake in JM Financial Home Loans Ltd at Rs 48 apiece.The total deal value will be Rs 65.50 crore.The transaction, scheduled for completion by August 31, will reduce JM Financial Credit Solutions’ shareholding in the home loans…