Shivku

India's IPO market isn't moving in cycles anymore; it's compounding. @vikramg05 (Vikram) and @DhagashS (Dhagash) from our Growth Investments team examined 490+ mainboard IPOs over the past 11 years (2015–2025), representing ₹7.4 lakh crore in capital raised. This is the 2026 refresh of our seminal IPO report first published last year, updated with the latest data and new insights. The headline finding: 2025 was a record year at ₹1.76 lakh crore raised. But the more interesting bits aren't the top-line numbers. - Median offer size in 2025 was ₹720 crore — barely above the decade median of ₹650 crore. This means it wasn't a handful of mega-listings inflating the numbers. Companies across sectors and sizes found their way to market. - PE/VC-backed companies made up only ~20% of listings but punched at 25% of total capital raised. They listed at 5.4x price-to-sales and generated over ₹1 lakh crore in OFS liquidity over the decade - These companies also got to market roughly four years faster than non-backed peers. Median age at IPO: ~16 years vs ~20 years. - And the use of proceeds has shifted. Fresh capital is going toward debt repayment, capex, and working capital — not just enabling exits. The IPO is becoming a balance-sheet tool, not a finish line. India's public markets aren't the end of the journey anymore — they're the next stage of it. Read the full piece for the complete data and breakdown: blume.vc/reports/insigh… @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05

. @Exotel turns profitable in FY25 after a sharp AI-led turnaround. @Arundathi_Ram speaks to Founder & CEO @shivku to decode Exotel’s margin expansion, key AI-powered CX offerings, and the growth roadmap ahead.

One more step towards AGI

Who you are speaks so loudly that I can’t hear what you say - Vishal Kale

This is the power of YOLO, trained on a laptop for ~1 hour, with a Kaggle dataset. Oh, and just ~100 lines of Python. I can make a startup on this and it took me literally a couple of hours.

For over a decade, India’s online card payments have relied solely on OTPs, they built trust, but they also added friction and drop-offs. Just 10 days ago, the RBI opened the door to alternate authentication methods like biometrics. And today, that future is already live. @Razorpay ACS, in partnership with @YESBANK, is powering India’s first RBI-compliant biometric card authentication. ✅ No OTPs ✅ No delays ✅ Instant, secure, compliant, and built for scale From regulation to rollout in record time, this puts India on par with the most advanced payment ecosystems globally, and in many ways, ahead.

A mysterious object was captured hitting the Moon. Most scientists believe it was a space rock or asteroid, since the Moon has no atmosphere to burn meteors before they land. Each strike happens at incredible speed, leaving behind craters that remain for billions of years. But rare captures like this always spark curiosity was it only a rock, or something far more unusual drifting through space? 👀✨ #space #SpaceX #NASA

Risk is what’s left over after you think you’ve thought of everything - Carl Richards, a financial advisor

Same data point. Diametrically opposite headlines. It’s clear which one is left and which one is on the right!

Closest image of the surface of the planet Mercury ever captured, by NASA’s Messenger Spacecraft.

Didn’t know that Kashmir comes from Kashyapa-Mira: Lake of the Rishi Kashyap. Fascinating!

Turns out, The first place in India that got connected to the internet is Nungambakkam in Chennai with a 64kbps line

Nationalism is a poison given to the poor by the rich

There have been thousands of generations of humans, and you are alive to witness the first photo of a Sunset on another World. This is a real photo of the sunset on Mars.

🚀 The Indus Valley Report 2025 is here! As India’s leading early-stage fund, we get a front-row seat to how visionary founders are shaping and reinventing markets. It’s the excitement of helping push the frontiers of innovation and contributing to India’s growth story that gets us out of bed every morning! The Indus Valley Report is our deep dive into India’s macro-economic outlook, seamlessly woven with the ever-evolving startup ecosystem. Our rockstar Investment team — @sajithpai , @llnachull, and @anurag_pagaria — along with our editorial fellow @dhruvtrehan9 , put this report together to help you: - Grasp the headwinds and tailwinds shaping startup opportunities in India - Guide policymakers and ecosystem enablers in refining strategies to nurture entrepreneurship - Decode India-centric startup playbooks with a global expansion lens A few highlights from this year’s report: 💡 India1 is the backbone of the economy — though it's deepening, it's not widening at the same pace. Fun fact: with a $15k per capita income, India 1 (~140M people) would qualify as a developed economy. 🦄 Do we really have 117 unicorns? Our analysis suggests the real number is closer to 91. 🛒 Quick commerce is pulling consumers away from Kirana stores due to limited SKU spreads and a lack of in-demand brands. 📈 Indian venture trends in 2024 mirror 2023 — seed funding remains steady, with slight upticks in early and late-stage rounds. The overall mood? A sharp focus on efficiency. 🤖 Could India have its ‘DeepSeek’ moment soon? We’ve got the talent — we are also getting the GPU's to match. And much more! Read the full report by clicking the following link : lnkd.in/eTsrgWvb hashtag#IndusValleyReport2025

How about listening to the Indus Valley Report 2025? Generated with - @NotebookLM - @veedstudio @sajithpai @BlumeVentures

Gemini’s Google Meet summary is just looking like a wow!

Interrogate success rather than failure- @PaddyUpton1

Canteen sales makes more money than concert ticket sales at Madras Marghazhi music season - V Sriram, music historian

The day @TVMohandasPai left @Infosys - the valuation dropped by 30000cr! #JustHeard.