Roshan Prabhakar

Softbank backed-Oravel Stays Ltd., company that operates Oyo Hotels, has hired four banks – Axis, ICICI, Goldman Sachs and Citi - to arrange an initial public offering that may fetch as much as $800 million in Mumbai. It’s likely to file a draft prospectus later this year and may add more banks. #ECM #IPO

41

Today, Elev8 Venture Partners led $20 million Series A for Nexedge Capital, along with Mirae Asset Venture Investments (India). This is the first institutional round raised by the company. This is our second investment in wealth management, after smallcase. We believe India's HNI/UHNI wealth is at the start of a multi-decade compounding curve. Here's the data behind our conviction: • India's wealth management TAM is projected to grow from $1.1 Tn to $2.3 Tn by FY29, with the HNI/UHNI segment alone expanding from $0.77 Tn to $1.61 Tn over the same period, as per Deloitte. • Household financial savings in India remain deeply underpenetrated: MF AUM/GDP sits at 16%, versus 140% in the US, leaving a multi-decade runway still ahead. • Since its launch in 2025, Nexedge has been among the fastest wealth management platforms to scale to over $3 billion AUM in 18 months across roughly 1,300+ clients. It has onboarded more than 95 senior bankers with 50-60 more set to join in 2026. Anirudha Taparia, Vijeeta Sharma, Sidhartha Shaw and Pankaj Walia, along with their team, spent decades at the country's top wealth platforms. They are now building Nexedge as India's first true Net-Worth Management firm for the next generation of UHNI families to build their legacy on. This is a rocketship taking off! Kavish Kothari | Abhisekh Shah | Ashwini Khemka | Parth Doshi | Navadha Pandey | Umang Saraf | Prerna Bharati | Abhinav Vinay | Komal Vichoor | Mayank Jajoo | Gloria Seiko Mendes | Pooja Wadageri | Dr Apoorva Ranjan Sharma | Anuj Golecha | Anil G Jain | Gaurav Jain | Venture Catalysts++ | India's 1st Multi-Stage VC #wealthtech #HNI #UHNI #venturecapital

349

14 Comments

Agilitas x Virat Kohli partnership is one of the masterstroke deals I have seen in recent times. Virat invests 40 CR in Agilitas for a 1.94% stake, putting Agilitas’s valuation around 2000 CR. 📈 In turn, Agilitas acquires one8world, making Virat a co-founder and shareholder. They now get two very important growth levers: ⬇️ 1. A powerful manufacturing (via Mochiko Shoes - a 600 CR+ footwear brand that Agilitas acquired in 2008 ), 2. India’s biggest athlete — exclusively aligned. Easily becomes a 4000 CR revenue brand in the next 5 years. Footwear + retail scale requires capital — but this partnership compresses customer acquisition, product cycles, and brand-building like few others. Even Virat said in his podcast with Abhishek Ganguly, the co-founder of Agilitas that, “I didn’t want a brand deal… I wanted to build something that outlives me.” And Abhishek said something even beautiful - “An ambition to build from India but be globally relevant.” This isn’t marketing. This is legacy building with shared skin in the game. And that is how startups work - shared ambition with one goal (to make the company big) and food (read stake) in the table for everyone! A company that can be built in the long term with culture, capital, and conviction aligned. This might be the first time in India, where an athlete joins hands with a sport company to re-imagine and build the sport ecosystem of India - truly revolutionalising the game with a clear vision. 🙌

377

58 Comments