Entracker

Logistics and supply chain platform Shiprocket has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).

Market regulator SEBI issued an observation letter to Shiprocket on October 31, 2025, as per the processing status available on its website.

The company pre-filed its Draft Red Herring Prospectus (DRHP) through the confidential route in May 2025.

The New Delhi-based firm is reportedly planning to raise around Rs 2,500 crore through its IPO, including a primary issue of Rs 1,200–1,400…

Merchant payments and lending platform Pine Labs has filed its RHP for a Rs 3,900 crore IPO. In the past four months, the company added ESOPs worth Rs 564.75 crore, with a large portion valued at Rs 243 crore granted to their Chief Executive Officer, Amrish Rau.

According to its RHP, Pine Labs had an ESOP pool of 6.15 crore options valued at Rs 1,360 crore as of June 30, 2025. Over the following four months (July 1 to November 1), the company granted an additional 2.55 crore options, expanding the total pool to 8.7 crore. Of these, 2.75 crore options…

Fintech unicorn Pine Labs has set its IPO price band at Rs 210-221 per share, valuing the company at around Rs 23,573 crore ($2.7 billion). The much-anticipated public issue offers stellar exits for early backers but leaves some late-stage investors with little to celebrate.

According to Entrackr’s analysis, Peak XV Partners (formerly Sequoia Capital India) will walk away with the biggest windfall, a 39.5X return on its investment. Madison India and Sofina Ventures also stand to book handsome gains of 5.6X and 4.7X, respectively.

In contrast,…

Gameberry Labs, the parent company behind popular online board games such as Ludo Star, Ludo Titan, and Parchisi Star, reported another year of strong growth in FY25, with operating revenue rising 28% year-on-year and profit increasing 18% to Rs 110 crore.

Gameberry Labs’ operating revenue climbed 28% year-on-year to Rs 591 crore in FY25 from Rs 461.7 crore in the previous fiscal, as per its consolidated filings with the Registrar of Companies (RoC).

Gameberry Labs operates four popular games: Ludo Star, Ludo Titan, Parchisi Star and BackGammon…

Merchant payments and lending platform Pine Labs has filed its Red Herring Prospectus (RHP) with market regulator SEBI for its proposed Initial Public Offering (IPO).

The offer comprises a fresh issue of equity shares worth Rs 2,080 crore and an offer for sale (OFS) of up to 8.23 crore shares by existing shareholders. Notable investors participating in the OFS include Peak XV Partners, Temasek, PayPal, Mastercard, Invesco, Madison India, and Sofina Ventures.

Interestingly, the company has reduced both the fresh issue and OFS component in its RHP…

This week only 34 Indian startups raised a total of $334.88 million, comprising 5 growth-stage and 23 early-stage deals, while 6 startups kept their funding undisclosed.

In contrast, 8 startups had collectively secured about $347.44 million in the previous week.

[Growth-stage deals]

Growth and late-stage funding reached $209.2 million across five deals this week, led by Snapmint’s $125 million Series B round from General Atlantic, with participation from Prudent Investment Managers, Kae Capital, and others. Snabbit raised $30 million in its Series C…

Logistics startup Shadowfax Technologies has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The Flipkart-backed company plans to raise up to Rs 2,000 crore through a mix of fresh issue and offer for sale (OFS).

Entrackr had exclusively reported in July about the issue size and composition of the fresh issue and OFS components.

As per the updated DRHP, the IPO will include a fresh issue of shares worth Rs 1,000 crore and an OFS of up to Rs 1,000…

Indian startups recorded their second-highest funding month in 2025, with the jump in capital inflow driven by Zepto’s $450 million mega round, followed by Uniphore’s $250 million and two $100 million-plus fundraises by Snapmint and Dhan. October also turned out to be an active month on the IPO front, with Lenskart and Groww gearing up to list, while boAt, Curefoods, and Milky Mist moved a step closer to their public market debut. Meanwhile, layoffs saw a noticeable decline compared to previous months.