Category Archives: Business

SaaS unicorn Amagi Media Labs Limited files DRHP with SEBI

Chandigarh, July 28, 2025: Amagi Media Labs Limited, a software-as-a-service (“SaaS”) company that connects media companies to their audiences through cloud-native technology and helps content providers and distributors upload and deliver video over the internet (streaming) through smart televisions, smartphones and applications, has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO).

Amagi, founded in 2008 by its promoters Baskar Subramanian, Managing Director & CEO; Srividhya Srinivasan, Chief Technology Officer; and Arunachalam Srinivasan Karapattu, President—Global Business, is backed by leading venture capital firms, including Accel, Avataar Ventures, Norwest Venture Partners, and Premji Invest. The company works with more than 45% of the top 50 listed ‘media and entertainment’ companies by revenue. 

According to the DRHP, the proposed IPO of the Bengaluru-headquartered company combines a fresh issue of equity shares aggregating up to Rs. 1,020 crores with an offer for sale (OFS) of up to 3,41,88,542 equity shares (3.41 crore equity shares) by the selling shareholders.

As part of the OFS, the Investor Selling Shareholders – PI Opportunities Fund I, PI Opportunities Fund II, Norwest Venture Partners X – Mauritius, Accel India VI (Mauritius) Ltd., Accel Growth VI Holdings (Mauritius) Ltd., Trudy Holdings, AVP I Fund, and certain Individual Selling Shareholders will be offloading shares.

Amagi proposes to utilize the Net Proceeds of the Fresh Issue towards investment in technology and cloud infrastructure (Rs. 667 crores); funding inorganic growth through unidentified acquisitions and general corporate purposes.

Amagi is the only end-to-end, AI-enabled cloud platform in the video category of the Media & Entertainment (M&E industry) serving as the ‘industry cloud’ for the sector. It’s business is organized across three key divisions – Cloud Modernization, Streaming Unification, and Monetization and Marketplace which addresses the requirements of three main categories of customers – Content Providers (including television networks, movie studios, production companies, sports leagues, and other media creators), Distributors (such as OTT platforms, telecom operators, and smart television manufacturers) and Advertising platforms and advertisers (including demand-side platforms, ad agencies, brands and technology providers that facilitate digital advertising transactions.)

 Amagi reported revenue from operations of Rs. 1,162 crores in FY25, recording a compound annual growth rate of 30.70% from FY2023 to FY2025, driven by new customer acquisition and increased use of the platform by existing customers.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, IIFL Capital Services Limited, and Avendus Capital Private Limited are the Book Running Lead Managers to the issue.

The equity shares of the company are proposed to be listed on BSE and NSE.

Swiggy Launches Swiggy Wiggy 3.0 with Original Rap Anthem: Celebrates Talent of Delivery Partners

National, July 28, 2025: Swiggy , India’s pioneering on-demand convenience platform, today shared that it has launched the third edition of Swiggy Wiggy, a unique talent discovery initiative for delivery partners across India where delivery partners could submit videos showcasing their talent, be it singing, sketching, rapping, dancing, beatboxing, or any other form of creative expression. Over 3000 delivery partners have participated in Swiggy Wiggy 3.0 and the top 10 shortlisted entries are open for public voting on the Swiggy Delivery Partners official Instagram handle from July 26, 2025.

In addition to this, the company also launched an original rap anthem for Swiggy Wiggy 3.0, performed by Indian hip-hop artist ‘The Siege’. With a compelling beat and a bold message, the anthem celebrated the multi-faceted talent of delivery partners across the country. The rap song, now live on Swiggy Delivery Partners’ official Instagram handle, is a tribute to the untold stories of grit, ambition, and talent within the Swiggy delivery partner community. Swiggy also organized mobile van auditions in multiple cities to make it easier for the delivery partners to participate.

The five most-voted participants of Swiggy Wiggy 3.0 will be invited to Swiggy’s corporate headquarters in Bengaluru for a grand live finale on August 6, 2025. The winners stand to win prizes worth up to Rs. 5 lakhs. The first-place winner will ride away on a Royal Enfield motorcycle, while the runners-up and the next 2 will take home cash prizes of Rs. 1 lakh, Rs. 75,000, and Rs. 50,000 respectively.

Past editions of Swiggy Wiggy have uncovered exceptional talent. In Season 2, Aakash Saroj, a runner-up, went on to audition for Hip Hop India 2 on Amazon miniTV after his Swiggy Wiggy performance went viral. Harish, a sketch artist and former finalist, exhibited and sold out his artwork at an internal Swiggy event last year. Other standout talents uncovered included calisthenic performers, tabla players, singers, and painters, each one representing the hidden potential that lies within Swiggy’s frontline workforce.

The anthem can be viewed here: https://bit.ly/SwiggyWiggyRap

VergeCloud expands its footprint with six new PoPs across India

The new PoPs deepen VergeCloud’s commitment to support the country’s rising demand for cloud-native, real-time digital services across sectors such as media, fintech, education, and e-commerce

28th, July 2025: VergeCloud, a leading next-generation edge cloud and content delivery network (CDN) platform, has announced a significant expansion of its national infrastructure with the launch of six new Points of Presence (PoPs) across India. The new locations, Noida, Mumbai, Kolkata, Hyderabad, Patna, and Lucknow, are a strategic step forward in the company’s mission to deliver ultra-low latency, secure, and locally optimised digital experiences to users across metro and tier-II cities.

With this deployment, VergeCloud reinforces its commitment to supporting the country’s rising demand for cloud-native, real-time digital services across key sectors, including media, fintech, education, e-commerce, and public services. The new PoPs will help drastically reduce latency and enhance content delivery speeds, enabling organisations to deliver faster, more resilient, and personalised digital experiences.

Speaking on the expansion, Dheeraj Chaudhary, Director of Technology at VergeCloud, said, “We are pleased to announce the launch of the six new PoPs across India. As the need for high-performance and locally compliant digital infrastructure grows, our edge capabilities are now strategically positioned to empower digital-first businesses and public institutions. The new PoPs are designed for speed, reliability, supporting intelligent traffic optimisation, regulatory compliance, and sustainable operations. By placing compute and caching closer to the user, VergeCloud is helping India move one step closer to a truly distributed and future-ready internet.”

The new PoPs will also reduce data transit distances and energy consumption through edge-based intelligent caching and optimised traffic flows. This aligns with the company’s commitment to operational efficiency while supporting the broader environmental goals of India’s digital ecosystem.

VergeCloud’s growing PoP network plays a vital role in supporting transformative national programs such as Smart Cities, BharatNet, and other Digital India initiatives. By providing a resilient, distributed cloud infrastructure, the company is actively contributing to the creation of a more connected and inclusive digital economy.

IVPA concludes 2-day Global Roundtable 4.0; reinforces two key demands of edible oil industry

New Delhi, July 25, 2025: The Indian Vegetable Oil Producers’ Association (IVPA), marking its Golden Jubilee year, concluded its flagship event Global Roundtable 4.0 on July 24–25 in New Delhi. The two-day summit, themed “Navigating Tectonic Global Shifts,” convened all stakeholders including global industry experts, policymakers, academics, and senior leadership from the vegetable oil value chain.

At the culmination of deliberations, IVPA reinforced two pressing policy priorities that directly affect India’s farmers, consumers, and industry viability:

1. Duty-Free Imports via Nepal continue to be a problem for the local industry due to zero duty imports of refined oils.
The Association highlighted that Nepal continues to flood Indian markets in north and northeast eastern parts of India. This not only undercuts domestic processors and refiners but also suppresses farmgate prices for oilseeds and contributes to underutilisation of processing capacities. IVPA called for immediate policy review and enforcement mechanisms. One of the potential solutions could be to canalise such zero duty imports through Government Agencies like Nafed and potentially other state agencies.

2. Reinstatement of Standardised Pack Sizes for Edible Oils:
IVPA urged the government to reintroduce standard packs for edible oils. This move is required to remove potential confusion regarding the prices in the context of plethora of pack options in the markets.

In a special message commemorating IVPA’s five-decade journey, Hon’ble Prime Minister Shri Narendra Modi lauded the Association’s role and contribution towards strengthening this sector. IVPA has evolved into a leading voice in policy advocacy, championing sustainability, nurturing innovation and advancing the vision of self-reliance in the edible oil and oilseeds sector.
The Roundtable sessions spanned key themes such as global supply disruptions, food security, sustainable sourcing, and India’s roadmap toward self-reliance and value addition in the oils and oilseeds economy. Expert panels engaged in forward-looking discussions on global trade shifts, climate imperatives, and policy frameworks that will define the sector’s next decade.
Conclusions from the Roundtable

Palm remains consolidated around this price and discount to soya likely to remain so. Indian mustard price rally should cool off with the Government’s intent to release some stocks. Globally sunflower oil prices might ease as the new crop in Black Sea region, likely to bounce back to normalcy. Given the increasing global mandates for bio fuels, it’s imperative that, India should continue the pursuit of higher domestic production at the incentivised minimum support price for oilseeds.

The event was steered by IVPA President Mr. Sudhakar Desai, with strategic leadership from Vice Presidents Mr. V.K. Jain, Mr. Amrendra Mishra, Ms. Bhavna Shah, Mr. Dhritiman Biswas, and Secretary General Mr. S.P. Kamrah.
IVPA remains committed to fostering resilient supply chains, informed policy dialogue, and inclusive growth in India’s edible oil sector.

Karur Vysya Bank Reports Q1 FY26 Financial Results

July 25, 2025:

Highlights:

• Total Business up by 15.27% YOY and 5.07% for the quarter.
• Deposits up by 15.49% YOY and 4.48% for the quarter.
• Loan Book grew at 15.01% YOY and 5.78% for the quarter.
• Loans book under RAM grew at 19.52% YOY and 5.68 % for the quarter.
• CASA up by 4.50% YOY, 5.29% QOQ, CASA ratio stood at 27.48%.
• PPOP up by 7.91% YOY down by 3.59% QOQ
• NIM at 3.86%, down by 28 bps YOY, down by 19 bps QOQ.
• Other Income up by 16.10% YOY.
• Cost to Income Ratio for the period is at 47.24%.
• ROA at 1.73% for the quarter.

Mr. Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank said, “We are pleased to report that our performance indicators align with our previously issued guidance. Notably, we successfully front-loaded growth in the first quarter of this financial year, consistent with our approach over recent years. Our sustained and inclusive results across all three key metrics—growth, profitability, and asset quality—demonstrate the ongoing strength of our performance since the beginning of the year. The bank’s total business reached Rs 1,96,024 crore, reflecting our sustained growth momentum in the first quarter, with an overall business increase of 5% (QOQ) and a year- on-year growth of 15%. Advances rose to Rs 89,374 crore, representing a growth of 6% (QOQ), while deposits increased to Rs 1,06,650 crore, achieving a (QOQ) growth rate of 4%. Building on its strong performance, the Bank recorded its highest profit of Rs.521 crore.”

BALANCE SHEET:

Balance sheet size as of June 30, 2025 was ₹ 1,25,371 crore as against ₹ 108,766 crore as of June 30, 2024, a growth of 15.27%.
Total business as on 30th June 2025 stands at ₹ 1,96,024 crore, registering a Y-o-Y growth of 15.27% i.e. up by ₹ 25,965 crore from ₹ 1,70,059 crore as on 30.06.2024.
Total deposits as on 30th June 2025 crossed rupees one lakh crore and stands at ₹ 1,06,650 crore, registering a Y-o-Y growth of 15.49% i.e. up by ₹ 14,301 crore from ₹ 92,349 crore as on 30.06.2024.
Total advances as on 30th June 2025 stands at ₹ 89,374 crore, registering a Y-o-Y growth of 15.01% i.e. up by ₹ 11,664 crore from ₹ 77,710 crore as on 30.06.2024.

FINANCIAL PERFORMANCE – Q1 FY 2026 vs. Q1 FY 2025:

Net profit for the quarter registered a growth of 13.51% and stood at ₹ 521 crore from
₹ 459 crore during corresponding quarter of previous year.
PPOP for the quarter increased by 7.91% is at ₹ 805 crore, as compared to ₹ 746 crore for corresponding quarter of the previous year.
Net interest income increased by 5.16% to ₹ 1,080 crore vis-à-vis ₹ 1027 crore for corresponding quarter of previous year.
Net interest margin stands at 3.86% as compared to 4.14 % for the corresponding quarter of the previous year.
Cost of deposits has increased by 29 bps and stands at 5.77% as compared to 5.48% for the corresponding quarter of previous year.
Yield on advances has been decreased by 12 bps to 10% from 10.12% for the corresponding quarter of the previous year.
Commission and fee based income has improved by 5.02% on Q-o-Q basis to ₹ 251 crore from ₹ 239 crore for corresponding quarter of the previous year.
Operating expenses for the quarter was ₹ 721 crore as compared to ₹ 667 crore during the corresponding quarter of previous year.
Cost to income ratio stands at 47.24% (47.20% for Q1 of previous year).

CAPITAL ADEQUACY:

Capital Adequacy Ratio (CRAR) as per Basel III guidelines was at 17.36% as on on June 30, 2025 (16.47% as on June 30, 2024) as against a regulatory requirement of 11.50%. Tier
1 was at 16.33% as of June 30, 2025 compared to 15.58% as of June 30, 2024. Risk-weighted
Assets were at ₹ 69,441 crore as on June 30, 2025 (₹ 62,352 crore as at June 30, 2024).

ASSET QUALITY:

Gross non-performing assets (GNPA) has improved by 66 bps and stands at 0.66% of gross advances as on June 30, 2025 (₹ 593 crore) vis a vis 1.32% as on June 30, 2024

(₹ 1,025 crore).

Net non-performing assets (NNPA) is below 1% and stands at 0.19% of net advances as on June 30, 2025 (₹ 170 crore), against 0.38% as on June 30, 2024 (₹ 294 crore).

Provision Coverage Ratio (PCR) was at 96.76% as at June 30, 2025, as against 94.91% as at June 30, 2024.

NETWORK:

As of June 30, 2025, the Bank’s distribution network stands at 888 branches and 1 Digital Banking Unit and 2,226 ATMs / Cash Recyclers as against 840 branches and 2,253 ATMs

/ Cash Recyclers as of June 30, 2024. 55% of our branches are in semi-urban and rural areas. In addition, we have 374 business correspondents.

BONUS SHARES

Board of directors approved issuance of Bonus equity shares in the proportion of 1:5 i.e. one equity share of ₹ 2/- each for every five fully paid-up equity share of ₹ 2/- each held by the Members of the Bank subject to approval of shareholders.

DaMENSCH Spotlights Real-Life Men in New Campaign – ‘The Most Comfortable Man wears DaMENSCH’

India, 25^th July 2025: DaMENSCH, India’s leading premium men’s innerwear brand, has launched its latest campaign titled ‘The Most Comfortable Man wears DaMENSCH’. The campaign celebrates individuals who move through life with a deep sense of ease, purpose, and confidence. At a time when men are constantly adapting to new roles and expectations, DaMENSCH shifts the focus to those who are at their most powerful when they are truly at ease.

Bringing together a powerful mix of personalities, the campaign features achievers from across the country who are redefining what it means to be comfortable in their craft and confident in their identity. The line-up includes Vispy Kharadi, the Steel Man of India and a 16-time Guinness World Record holder; rapper Yelhomie, who gives voice to Manipur through his bilingual conscious rap; and Rishi Solanki, a fitness and lifestyle entrepreneur known for his disciplined approach to well-being. Joining them are DJ Danesh Doctor, who commands every dance floor with ease; Sharmaji ka beta fame, RJ, and comedian Vidit Sharma, who delivers honest laughter; and fashion model Amit Eapan, who embodies comfort through style and presence.

DaMENSCH has featured real men who have excelled in their respective fields, each bringing a unique story of passion and purpose. Their journeys reflect a more personal and authentic idea of success that values substance over appearance and embraces comfort as a core need. As the idea of masculinity evolves, the brand sees comfort as the foundation for individuality, self-expression, and quiet confidence.

Speaking about the campaign, Anurag Saboo, Co-Founder and Director at DaMENSCH, said, “At DaMENSCH, we believe that comfort goes beyond fabric and fit. Our brand DNA is built on confidence, innovation, and the freedom to be yourself, and this campaign truly brings that to life. We genuinely believe that everyone is at their best when they are comfortable, and this campaign reflects exactly that. We’ve brought together six men who embody this philosophy in their everyday lives. Each talent featured in the film represents a unique expression of modern masculinity, grounded in self-belief, ease, and purpose. This is the essence of what DaMENSCH stands for.

With its authentic storytelling and diverse cast, The Most Comfortable Man marks a decisive step in DaMENSCH’s journey to redefine comfort for the modern man. The campaign reinforces the brand’s commitment to creating meaningful conversations around identity, confidence, and self-expression. By placing real individuals at the forefront, DaMENSCH invites men everywhere to embrace comfort not just as a choice, but as a way of life.

Elista Unveils the Future of Smart Living at Consumer Electronics World Expo 2025 in Delhi

Sharing his thoughts on Elista’s participation, Mr. Saket Gaurav, CMD of Elista, said, “We are thrilled to be part of CEWE 2025, where we’re bringing our full product range under one roof. This platform allows us to demonstrate how Elista is redefining smart living through technology designed for India and built for the world. Beyond that, we’re excited to engage with global leaders and showcase Elista’s product prowess.”

It All Began with a Reel…Bingo! Tedhe Medhe’s Latest Snack Anthem

Bangalore, 25th July, 2025: What started as an unassuming Instagram reel quickly spiraled into a full-blown internet movement. Bingo! Tedhe Medhe’s latest campaign, #SabkaJawaabTedheMedhe, brilliantly transformed a viral reel into India’s catchiest snack anthem, redefining how brands can engage with internet culture.

The spark? A spontaneous reel by creator Deepankar Koshta (@deepankarmaxx)
Link: http://instagram.com/reel/DHYu8XFILQ8/?igsh=MWJ1N3ZhNXE0bXhibg%3D%3D

where he uttered the now-iconic phrase, “Tedhe Medhe bhi acche lagte hain.” With over 3 million organic views, the moment resonated deeply with audiences for its relatable tone and humorous authenticity.

Recognizing the cultural potential, Bingo! Tedhe Medhe responded with a heartfelt Tedhe Medhe hamper and personalized letter to Deepankar, in a gesture that inspired 7+ organic follow-up reels, racking up 1.5 million+ views.

To scale the organic momentum of the viral reel, Bingo! partnered with renowned music producer Anshuman Sharma, known for turning everyday moments into internet gold. Together, they transformed Deepankar’s catchy line into a full-blown anthem — quirky, upbeat, and irresistibly hummable. The anthem didn’t just entertain; it exploded online, garnering over 68 million views and 122k shares, making it the second most shared piece of content in Bingo!’s history. Even more impressively, it delivered 3.5 times higher engagement than the brand’s usual content, proving the power of cultural timing and musical creativity.

Riding on the song’s virality, Bingo! brought in creator Parveen Sharma, celebrated for his signature meme-dance routines, to choreograph a fun, meme-worthy dance video set to the anthem. The internet embraced it instantly, the video amassed over 44 million views and clocked 225k shares, setting a new record for Bingo!’s most shared content ever. What made it even more special? The entire response was driven purely by audience love and content relatability.

To further amplify the moment, Bingo! launched the #SabkaJawaabTedheMedhe contest, with Satish Ray, one of India’s most relatable comedy creators. The challenge invited audiences to respond to tricky questions using Deepankar’s reel audio as the ultimate punchline.

The #SabkaJawaabTedheMedhe contest became a playground for internet creativity, sparking over 1.7 million views and 14K shares, with hundreds of witty user-generated remixes flooding the platform. Backed by a steady stream of additional daily meme-style content each post pulling in between 1.4 to 5 million views—the campaign took off organically. Influencers like Purav Jha and even brands like Swiggy jumped in, fueling deeper engagement. The cultural ripple effect was undeniable: over 112 million views, 21 million in reach, and nearly 1 million engagements. It was clear this wasn’t just a campaign; it was a viral sensation.

The New Suburban Dream: Why Young Professionals Are Choosing Plotted Villas Over High-Rises

In the changing world of urban housing, a quiet transformation is happening. More young professionals are moving away from high-rise apartments and looking at plotted villas on the outskirts of cities. This change reflects new lifestyles, priorities, and goals in a post-pandemic reality.

The days when luxury meant tall buildings in city centres are gone. Now, the focus is on space, independence, and personalisation. Plotted developments provide what apartments cannot: the freedom to design one’s own space, ample room, and a stronger sense of community. Companies like Aakruthi Properties are leading this change by offering well-located villa plots in peaceful, green neighbourhoods around Bengaluru, specifically aimed at modern homebuyers.

For 32-year-old software engineer Rachit Sinha, purchasing a plotted villa near Sarjapur was the right choice. “I wanted something that could grow with me,” he says. “An apartment felt limiting in both space and lifestyle. With a plotted villa, I can build my dream home, expand it later, and enjoy open areas without being too far from the city.”

After the pandemic, the demand for open spaces, private gardens, and home offices has increased. Professionals are placing more importance on wellness, sustainability, and long-term investments. Plotted developments, often found in up-and-coming areas like Whitefield Extension, Sarjapur, or Devanahalli, offer a mix of accessibility to IT hubs and the peace of semi-urban living.

Companies like Aakruthi Properties are responding to this demand by creating plotted communities with wide roads, clubhouses, landscaped gardens, and smart infrastructure. Their approach reflects a wider trend where similar developers, such as Assetz Group, Prestige Group (with their Park Drive villa plots), and Puravankara’s Purva Land, are changing the landscape of premium plotted development.

Mr. Manjunath V., Managing Partner of Aakruthi Properties, speaks on the new suburban dream, saying, “At Aakruthi, we’re seeing a clear shift post-pandemic—young professionals are increasingly drawn to plotted developments and plotted villas in emerging corridors like Soukya Road, East Bengaluru. With soaring property prices in urban cores, suburban living offers better value, greater freedom, and a higher quality of life. Our communities, like Roots & Rays and Svanta, are designed around sustainability, less congestion, and abundant green spaces. Homebuyers today are seeking more than just square footage—they’re embracing a lifestyle that is rooted yet modern, inclusive yet private. With the flexibility to design their own homes and live amidst nature, plotted villas are becoming the new urban aspiration.”

One appealing aspect of this model is ownership. Unlike an apartment in a shared building, villa plots come with freehold rights and greater freedom. As property prices in tier-1 cities rise, these plotted developments in suburban areas provide better value over time and potential for appreciation.

Developers are also becoming more focused on buyers’ needs. Current projects are approved by RERA and come with clear titles, offering EMI plans that used to be exclusive to apartment buyers. Young professionals now view plotted villas not just as homes but as long-term lifestyle investments and assets to pass down.

Real estate experts think this trend will continue to grow. “Suburbs are becoming the new urban core,” says a Bengaluru-based real estate analyst. “With improved connectivity, expressways, and the acceptance of remote work, plotted developments are no longer just weekend getaways—they’re practical primary residences.”

In this new suburban vision, plotted villas offer young Indians something invaluable: the chance for space, control, and a future they can build—literally brick by brick.

India–UK FTA Set to Boost Trade, Streamline Logistics, and Strengthen Global Supply Chains