IPV announces 16 exits from 2025 with 41 Percent IRR amid ongoing liquidity crunch

 “Our focus has always been on identifying and supporting businesses with the potential to scale and deliver strong returns,” said Vinay Bansal, Founder & CEO of IPV. IPV-backed startups are being acquired by category leaders like Amazon, Lenskart, and Nodwin Gaming, and global MNCs, validating the quality and strategic value of IPV’s portfolio at exit. Generating exits is not a one-time event for us; it is a repeatable process built on disciplined investing, active portfolio stewardship, and a strong network. The 16 exits this fiscal year reflect the compounding effect of years of consistent effort.”

“In India, exits don’t happen by chance; they are engineered. That’s the muscle IPV has built. What distinguishes IPV’s portfolio is not just the number of exits, but the quality of the companies and the breadth of strategic outcomes we have been able to facilitate,” said Ankur Mittal, Co-founder of IPV. “From strategic acquirers choosing our portfolio companies to institutional funds backing our consumer and deep-tech portfolio, these are not opportunistic transactions. They reflect the strength of the businesses our founders have built and our ability to connect them with the right partners at the right time. We are committed to delivering both growth and liquidity, because our investors deserve both.”

“Our role does not end at writing the cheque, we work alongside our founders through every stage, helping them structure partnerships, navigate secondary transactions, and connect with the right strategic acquirers,” said Mitesh Shah, Co-founder of IPV. “The exit outcomes this year are the product of years of relationship building and proactive portfolio management. At IPV, a good exit is not a coincidence, it is engineered through consistent effort, strong networks.”

CREDAI Shifts NATCON 2026 from Amsterdam to India in Line with Hon’ble Prime Minister’s Appeal

In Line with Hon’ble Prime Minister’s Appeal, CREDAI Shifts NATCON 2026 from Amsterdam to India

Move reflects the real estate sector’s commitment to national priorities, economic self-reliance, and contributing to India’s economic resilience

New Delhi, May 14: In a strong endorsement of Hon’ble Prime Minister Shri Narendra Modi’s recent appeal to prioritise national interest amid the evolving geopolitical situation in West Asia — including reducing non-essential foreign travel, conserving fuel and foreign exchange, and promoting domestic spending — the Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to shift the 23rd edition of its flagship convention, NATCON 2026, from Amsterdam to India.

The decision has been taken in the spirit of national solidarity and in alignment with the larger sentiment of standing firmly with the nation and the vision articulated by Hon’ble Prime Minister. At a time when India is moving forward with confidence, self-belief, and a renewed spirit of national pride, CREDAI believes that institutions representing key sectors of the economy must also reflect the same commitment towards the country and its priorities.

CREDAI will shortly identify and announce the Indian host destination for NATCON 2026 along with revised programme details. The decision reflects CREDAI’s commitment to the Hon’ble Prime Minister’s vision of placing “Nation First” and supporting India’s economic resilience during a period of global uncertainty. By hosting the country’s largest real estate sector’s convention in India, CREDAI aims to ensure that the economic and tourism benefits associated with an event of this scale directly contribute to the domestic economy, hospitality sector, local businesses, and allied industries.

CREDAI NATCON witnesses’ participation from over 1,000 leading developers, investors, policymakers, architects, consultants, and industry stakeholders from across the country. Traditionally hosted at an international destination every year, NATCON serves as CREDAI’s flagship annual platform for dialogue on real estate, urban infrastructure, construction technologies, sustainable development, smart cities, and India’s evolving growth story.

This year, however, CREDAI has chosen to align the event with the broader national sentiment and the Hon’ble Prime Minister’s call to strengthen domestic economic activity and encourage spending within the country. The move is also expected to boost domestic tourism, create opportunities for Indian hospitality and event industries, and showcase India’s rapidly evolving infrastructure and urban development capabilities on a national platform.

Commenting on the decision, Mr. Shekhar Patel, President, CREDAI, said, “At a time when the Hon’ble Prime Minister has called upon citizens and industries to act responsibly and prioritise national interest amid the evolving geopolitical situation, CREDAI believes it is important for the real estate sector, as one of the country’s largest employment-generating industries, to align with this vision and demonstrate collective responsibility during this important time for the nation. While preparations for NATCON had been underway for over six months and the industry was fully prepared to travel to Amsterdam this August, CREDAI felt it was important to take cognisance of the Hon’ble Prime Minister’s appeal and the prevailing national sentiment. By deciding to host NATCON in India this year, we are supporting domestic economic activity while also reinforcing our commitment to the nation’s growth and economic resilience.

He further added, “The industry is currently navigating significant challenges, including rising construction costs driven by escalating prices of cement, steel, and other critical raw materials, along with persistent labour shortages impacting project execution across markets. In this environment, it becomes even more important for all sectors to collectively contribute towards strengthening the domestic economy in line with the Hon’ble Prime Minister’s appeal.”

As an industry deeply linked to employment generation, infrastructure development, and economic growth, CREDAI remains committed to contributing meaningfully towards India’s long-term development and self-reliance goals.

Milind Soman Becomes Brand Ambassador for Tasty Nibbles Ahead of National Expansion

New Delhi,  May 13: Tasty Nibbles, the consumer brand of HIC-ABF Special Foods  has announced Milind Soman as its brand ambassador while outlining the company’s plans  to accelerate pan-India growth, especially in the health-focused convenience food segment. The event marks a significant milestone in the brand’s growth journey as it sets its sights on  pan-India expansion, with a strategic focus on its flagship category – canned tuna.  

“At Tasty Nibbles, we have always believed that the future of food lies at the intersection of  health, convenience, and trust. With Milind Soman coming on board, we are taking a  significant step towards making tuna a part of everyday Indian diets. India is still at a very  early stage in tuna consumption, and this presents a massive opportunity for us to introduce  a clean, high-quality protein option to millions of households,” said Cherian Kurian,  managing director, Tasty Nibbles at the company’s brand ambassador announcement event  in New Delhi. The event was also attended by Sunil P Krishnan, vice-president (sales) and  Manoj TP, senior manager – key accounts, along with distributors, key industry stakeholders and representatives from e-commerce, and quick-commerce platforms. 

“Despite being a globally popular protein source, the per capita consumption of tuna in India  remains significantly low. With a population of over 1.4 billion, the category presents a  substantial opportunity for growth if effectively introduced and adopted”, Cherian said. 

“I have always believed that good health starts with what we eat every day. Tuna is one of the  simplest and most effective sources of lean protein, and what I like about Tasty Nibbles is how  they make it accessible, convenient, and easy to include in daily meals. I’m excited to be part  of a journey that encourages people to make smarter, healthier food choices,” said Milind  Soman. 

Known for his fitness-driven lifestyle and credibility in the health and wellness space, Milind Soman embodies the values that Tasty Nibbles aims to promote through its tuna range. Through this initiative, the brand aims to position tuna as more than just a source of protein.  Packed with high-quality protein, rich in Omega-3, and loaded with essential vitamins, tuna is  also carb-free, low in fat, and a convenient addition to the everyday diet of health-conscious  consumers. The brand also showcased the convenience of its canned tuna, highlighting it as  a cleaned, cooked, and ready-to-eat product with soft, thornless white meat, suitable for quick  and versatile usage across salads, sandwiches, rolls, and more. 

With this announcement and campaign launch, Tasty Nibbles aims to redefine tuna  consumption in India, transforming it from a niche offering into a regular, accessible, and  healthy choice for modern lifestyles.

CleverTap and Rabbit Rewards win Silver at Thailand MarTech Awards 2026 for real-time, agentic customer engagement

Mumbai’s Next Luxury Wave Will Rise from Redevelopment, Not Land Banks

By:- Suhan Shetty, Founder, Rubics Group 

Mumbai as a city has always reinvented itself under pressure. Defined by the surrounding sea, and thick density, real estate in the financial capital has always oscillated between expansion and reinvention. However, today that balance has somehow shifted. With paucity of land becoming a huge concern, redevelopment, and not land banking, is emerging as Mumbai’s next luxury trend. 

For decades, land banks were thought of as a salient real estate strategy. Developers acquired undeveloped plots, then held on to them for years before unlocking their value. However, in a market of 438 square kilometres is already land constrained and built-up, this model no longer is viable, or practical. Factors like high acquisition costs, scarce land, fragmented ownership patterns, and regulatory complexities has made greenfield development increasingly difficult.

Redevelopment in comparison, offers a much more pragmatic solution. It helps developers to unlock value from existing sites, without acquiring the otherwise scarce fresh land. In other words, redevelopment can be known as a form of strategic “land banking”, making use of the city’s already urbanised infrastructure. With Mumbai’s population exceeding 21 million, redevelopment is no longer an optional solution, rather is an essential step to transform the city. 

Since 2020, more than 910 housing societies have undergone redevelopment, accounting for 327 acres of land. However, the effect of this goes far beyond numbers; this unveils a new reimagining of urban living. Old, low-rise and dilapidated buildings, are now being converted to vertical structures, replete with modern infrastructure, smart technologies, and sustainable features such as solar energy systems and EV-ready facilities.

Mumbai’s vertical transformation is also reshaping the city’s economic growth. Property values have been steadily appreciating, with projections suggesting that redevelopment could generate revenue worth Rs 1.3 lakh crores by 2030. For both homebuyers and investors, this presents a golden opportunity to buy premium properties at affordable rates, before prices escalate further. 

What marks this phase even more crucial, is the quality of development. Redevelopment projects are not mere replacements for old buildings, they are in fact, comprehensive urban upgrades; these societies serve as integrated neighbourhoods with metro connectivity, wellness-focused amenities, and green design principles. Features like infinity pools, private cinemas, spa facilities, and landscaped sky gardens are no longer limited to South Mumbai-they are a key aspect of suburban living. 

This shift is clearly reflected in market trends. Luxury properties (defined as properties above 10 crores), have seen unprecedented growth. In the first half of 2025 alone, sale from such properties touched a staggering Rs 14,750 crore, marking an 11 per cent year-on-year increase. Interestingly, the Rs 20–40 crore segment has expanded by 138 percent since 2022. The consensus is quite clear-the dominance of the primary market, which accounts for 75 per cent of these transactions, reveals a marked shift to new, redeveloped led projects, rather than resale inventory.

The key examples of this transformation include micro-markets such as Bandra, Khar, Santacruz, Juhu, Chembur, Goregaon and Borivali, where both standalone and cluster redevelopment projects are upgrading old neighbourhoods. These projects are not just improving housing stock, they are elevating the standard of living by improving infrastructure, optimising land use, and integrating communities. 

A crucial push for this shift comes from Policy control. The Development Control and Promotion Regulations (DCPR) 2034 have introduced major provisions that incentivise redevelopment. Clauses such as 33(7), 33(9), and 33(10) set down clear frameworks that are tailored to different scales of projects-from individual societies to large cluster developments. Standalone redevelopment under Clause 33(7) offers increased floor space index (FSI), and additional saleable area, while cluster redevelopment under Clause 33(9), enables FSI of over 4.0 in select areas, helping the creation of master-planned precincts.

This apart, recent policy relaxations, such as including reduced premiums and an additional 10 per cent FSI for self-redevelopment, have further accelerated the viability of such developers. These factors have attracted developers to the suburbs, where land scarcity augments the value of every square foot.

Another important factor is that redevelopment is unravelling alongside major infrastructure upgrades. The opening of the Navi Mumbai International Airport, the completion of the Mumbai–Pune Expressway missing link, the Sewri–Worli corridor, and the Panvel–Karjat rail line have massively improved connectivity across the metropolitan region. This in turn, reduces congestion in central areas and improves the appeal of suburban micro-markets, where redevelopment activity is most intense.

This robust growth cycle is a combination of infrastructure, policy reform, and market demand. This apart, hybrid work patterns, and an increased focus on wellness and sustainability, is driving many to invest in high quality homes, a dream made possible through redevelopment. The future of Mumbai’s real estate market will no longer be defined by acquisition of new land, but by the thoughtful use of existing spaces. With redevelopment, the city is poised to grow vertically, while improving liveability, sustainability, and economic value.

As policymakers streamline approvals and developers redefine their inventory, redevelopment will be an intrinsic part of Mumbai’s real estate narrative, with buyers gaining early access to premium properties before price hikes. For Mumbai, this shift is carving a path to sustainable growth where land is no longer available, but the possibilities to upgrade living, are limitless. Hence, it will be prudent to say that Mumbai’s new luxury wave will not be propelled from the edges, but from the within the core of the city. 

Ashok Leyland expands its footprint in Gujarat, Opens a new LCV dealership in Jamnagar

Chandigarh, May 13: Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, today inaugurated its new dealership for Light Commercial Vehicles in Jamnagar. This is the 13^th Light Commercial Vehicle dealership in the state of Gujarat, further strengthening its robust LCV distribution network, which now spans over 945 customer touchpoints across the country.

The new channel partner Karan Autolink has a 3S (Sales, Service and Spares) facility strategically located at Jamnagar Rajkot Highway. The facility is equipped with 7 service bays and state-of-the-art infrastructure to ensure superior customer experience. The company currently offers a range of LCV products – SAATHI, DOST, BADA DOST, PARTNER and MiTR.

Mr. Viplav Shah, Head – LCV Business, Ashok Leyland Ltd. said, “We are excited to further strengthen our presence in the key market of Gujarat with our new dealership coming up in Jamnagar. The  DOST, BADA DOST and SAATHI vehicles have been receiving an overwhelming response from customers,  owing to their best-in-class mileage, superior performance, and extensive sales and aftersales support. This new dealership is yet another step in reinforcing our reach and ensuring that we provide the best experience to our valued customers.”

Our products cater to the evolving needs of Indian LCV customers, combining best-in-class technology with unmatched reliability. Today, over 6 lakhs+ Ashok Leyland LCVs operate across India, reflecting our strong presence in the segment. SAATHI, our latest offering in the premium entry-level SCV segment has been a gamechanger in the industry. Powered by a new-generation 45 HP engine delivering 110 Nm of torque, the SAATHI offers the largest loading area in its segment and an industry-leading payload capacity of 1,120 kg.

BADA DOST is offered in six variants and is powered with an 80 hp BS6 engine that delivers best-in-class power & mileage, best-in-class payload, best-in-class load body length and loading space that helps customer earn more profit per trip. Owing to its low turning radius and best-in-class ground clearance, BADA DOST is the ideal vehicle for inter and intra city applications.

DOST range comes in avatars of  DOST XL and DOST+ XL to cater to different sections of the market and applications.

PARTNER, a modern & highly fuel-efficient load carrier, caters to the 4-ton payload segment and is available in both 4 tyre and 6 tyre options. PARTNER is based on an internationally acclaimed vehicle platform & carries the renowned ZD30 CRDI engine.

MiTR bus is offered in both staff bus & school bus options. It provides superior mileage even in stop-and-go conditions. MiTR School Bus complies with all school bus safety norms & offers unmatched ride comfort.

Inc. 5000 Agency Founder Ric Militi Launches Leadership Series Inspired by InnoVision’s Internal Success Framework 

Red Hat Launches New Developer Tools for Agentic AI

New Delhi, Delhi, India May 13: Red Hat, the world’s leading provider of open-source solutions, today announced expanded capabilities across its developer portfolio specifically built for the requirements of AI agents. Through the newly-available Red Hat Desktop and enhancements to Red Hat Advanced Developer Suite, Red Hat intends to smooth the transition from agents running locally on developer workstations to production-scale deployments across the hybrid cloud. 

Euro Pratik Sales Delivers Strong Q4FY26 Performance; PAT Rises 50 percent YoY to ₹21.5 Cr on Robust Demand and Strategic Expansion

Mumbai, May 13: Euro Pratik Sales Ltd, one of India’s leading decorative surface and wall panel companies, announced its financial results for the quarter and year ended 31st March 2026, reporting strong growth across key financial metrics driven by product innovation, expanding market presence, and operational efficiencies.

FY26 marked another milestone year for the company with healthy revenue growth, strong profitability, strategic regional expansion, and continued strengthening of its product portfolio. Euro Pratik continues to consolidate its leadership position in the organized decorative wall panel and laminates segment through its design-led offerings, robust distribution network, and asset-light business model.

KEY BUSINESS & STRATEGIC UPDATES

• Successfully integrated URO Veneer World, strengthening the company’s footprint in South India
• Acquired Chawla Brothers in April 2026, further expanding presence in North India
• Continued product innovation with launches such as Canfor 2 and Chisel 2026 series catering to evolving consumer preferences
• Introduced new textures including Stonite, PolyASSA, and Lamart, reinforcing Euro Pratik’s positioning as a design-forward surface solutions brand
• Continued to operate with a debt-free balance sheet supported by strong internal accruals

KEY FINANCIAL HIGHLIGHTS FOR FY26

• Revenue from Operations stood at ₹334.0 Cr+, growing 18% YoY
• Profit After Tax stood at ₹77.2 Cr
• Maintained strong operational and financial discipline
• Continued investments in innovation, distribution expansion, and market development

KEY FINANCIAL HIGHLIGHTS FOR Q4 FY26

• Revenue from Operations stood at ₹93.5 Cr, up 28% YoY
• EBITDA stood at ₹26.7 Cr, up 37% YoY
• EBITDA Margin improved to 27.3% from 25.5% in Q4 FY25
• Profit After Tax stood at ₹21.5 Cr, up 49.5% YoY
• PAT Margin expanded to 23.0% from 19.7% in Q4 FY25

Mr. Pratik Singhvi, Chairman & Managing Director said, “In Q4 FY26, our revenue grew by 28% year-on-year to ₹93.5 crore, while EBITDA increased by 37% year-on-year to ₹26.7 crore. Profit after tax rose by 49.5% year-on-year to ₹21.5 crore. Despite a majority of our products being crude-based, the company successfully navigated currency volatility, rising freight costs, and logistical challenges during the quarter.

Our product innovation engine remains active, with recent launches such as Canfor 2 and the Chisel 2026 series catering to evolving aesthetic preferences at accessible price points. We have also introduced Stonite, PolyASSA, and Lamart textures, further strengthening Euro Pratik’s positioning as a design-forward surface solutions brand.

Following the successful integration of URO Veneer World in South India, the acquisition of Chawla Brothers in April 2026 has further strengthened Euro Pratik’s presence in North India. Backed by a debt-free balance sheet and healthy internal accruals, the company remains well-positioned for future growth opportunities.”

The company also maintained a strong financial position with a debt-free balance sheet backed by healthy internal accruals. On the global front, Euro Pratik expanded its international presence with subsidiaries in the U.S., UAE and Europe.

With continued investments in innovation, distribution expansion and market development, the company remains optimistic about sustaining its growth momentum in the coming years.