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Category: Business

  • Omspace Secures $3M Pre-Seed Funding to Build India’s Indigenous Satellite Launch Vehicle

    EDII-incubated startup to accelerate Infinity One development for 350 kg payloads to 800 km LEO by 2028

    Omspace Rocket & Exploration Private Limited, an Ahmedabad-based aerospace startup incubated at CrAdLE, the business incubator at the Entrepreneurship Development Institute of India (EDII), has secured $3 million in pre-seed funding from a family office and an angel investor. The funding will enable the startup to accelerate development of Infinity One, its modular satellite launch vehicle designed to deliver 350 kg payloads to altitudes of up to 800 km in Low Earth Orbit (LEO), marking a strategic leap in India’s indigenous space-tech ecosystem.
    Founded in 2020 by Dr. Ravindra Raj Binod Mistri, Mr. Maulik Mota, and Ms. Stutika Padamshali, Omspace is headquartered in Ahmedabad with an international branch in Dubai under OSRE FZC. The company’s mission is to democratise space access for small and nano satellites through reusable, cost-efficient launch platforms tailored to emerging market needs.

    With this funding, Omspace plans to complete final prototyping and initiate test launch campaigns for Infinity One. The capital will also support the hiring of specialized R&D talent and upgrades to its manufacturing infrastructure and ground operations systems.
    CrAdLE, the Centre for Advancing & Launching Enterprises at EDII, has provided Omspace with strategic mentoring, technical validation, and business planning support throughout its incubation. Backed by the Department of Science and Technology, Government of India, CrAdLE is known for nurturing deep-tech ventures across manufacturing, healthcare, food processing, and renewable energy.

    Dr. Ravindra Raj Mistri, Co-Founder of Omspace, said, “This funding is a major milestone in our mission to democratise access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps.”
    Dr. Satya Ranjan Acharya, Director of CrAdLE, EDII, added, “We’re proud to support ventures like Omspace Rocket & Exploration that are pushing the boundaries of technology and placing India on the global space-tech map. Their journey reflects the potential of indigenous innovation backed by the right ecosystem.”
    As India’s private space-tech ecosystem evolves, Omspace joins a new generation of startups building scalable and affordable launch solutions to reduce the nation’s reliance on foreign deployment options. The company aims for its first commercial launch in January 2028.

    About Entrepreneurship Development Institute of India (EDII)
    The Entrepreneurship Development Institute of India (EDII), Ahmedabad, is an autonomous and not-for-profit institute established in 1983 with the support of apex financial institutions including IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd., and State Bank of India (SBI). EDII is recognised as a Centre of Excellence by the Ministry of Skill Development and Entrepreneurship, Government of India.
    About Omspace Rocket & Exploration Pvt. Ltd.
    Omspace Rocket and Exploration Pvt. Ltd., based in Ahmedabad, is developing cost-effective, reusable launch vehicles for small and nano satellites. Its UAE branch, OSRE FZC, facilitates global outreach. With Infinity One, the company aims to become a leading player in India’s emerging private space sector.
    At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.

  • SCLR Extension to Unlock 25% Property Growth in Chembur as July 2025 Launch Nears

    Signal-free arm over WEH to cut cross-city commute, ignite housing surge in Mumbai’s eastern corridor

     The final stretch of the Santacruz-Chembur Link Road (SCLR) extension is poised to redefine east-west connectivity in India’s financial capital, with operations set to begin later this month. Designed with a 90-degree cable-stayed arm flying over the Western Express Highway, this MMRDA-led project is not only easing signal-free access between Chembur and Santacruz but also catalyzing a sharp 25% surge in property interest across Eastern Suburbs, especially in Chembur, Kalina, and Kurla.
    Spearheaded by the Mumbai Metropolitan Region Development Authority (MMRDA), the SCLR extension represents a high-impact addition to Mumbai’s transport matrix. Once fully operational, the corridor will allow seamless cross-city movement through Kurla, Chunabhatti, Chembur, and Kalina, with direct detour-free access to the Western Express Highway (WEH). The design bypasses notorious choke points like Vakola and Hans Bhugra Marg, significantly cutting down commute times to Bandra-Kurla Complex (BKC) and the airport.

    Developers and planners say this infrastructure linkage is already influencing residential decisions. A spokesperson from Chandak Group stated, “The completion of the SCLR extension marks a new chapter for Mumbai’s eastern suburbs. Chembur, in particular, will see a sharp uptick in residential interest, thanks to its now-unmatched accessibility to both business districts and the airport. Improved commute times naturally enhance livability, which directly translates into increased buyer confidence.”

    Beyond travel efficiency, this final segment of SCLR is expected to decongest key local routes and offer relief to high-density residential pockets long plagued by through-traffic. With smoother traffic flow and airport access, the corridor is becoming a major lifestyle enabler.
    Historically, infrastructure has played a pivotal role in shaping Chembur’s rise. Following the launch of SCLR’s earlier phase, the suburb experienced a 25% surge in property prices, driven by parallel projects like the Eastern Freeway, Monorail, and Metro. As the last link nears readiness, investors are already anticipating a similar, if not larger, wave of price appreciation and rental yield improvement.

    A veteran real estate investor added, “For years, east-west connectivity has been the missing piece in Mumbai’s infrastructure puzzle. Now, with this final link in place, micro-markets like Chembur and Kalina are poised for significant price appreciation. It’s a great time for both end-users and investors to explore these locations before property prices escalate.”
    With the SCLR extension’s launch slated for July 2025, the project underscores more than mobility. It signals a directional shift in how urban growth will now orient toward Mumbai’s eastern arc. For developers, homebuyers, and portfolio investors, the message is clear: the city’s east is on the rise, and the SCLR extension is the spark.
    At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.

  • BenQ ZOWIE XL2586X+ Launches in India With 600Hz Refresh Rate

    ZOWIE’s XL-X+ Series enters India with DyAc 2 tech, priced at ₹94,990 for competitive FPS gamers

     BenQ India has officially launched the ZOWIE XL2586X+, a 600Hz native refresh rate gaming monitor purpose-built for FPS professionals. Positioned as the newest addition to the XL-X+ Series, the display features DyAc 2 motion clarity technology, an enhanced Fast-TN panel, and auto-configuring game profiles. With a price point of ₹94,990, the XL2586X+ is now available across Amazon India, the ZOWIE E-store, and select gaming retailers.
    The monitor introduces a new standard in high-refresh-rate displays, surpassing the previous 540Hz benchmark without relying on overclocking. With native 600Hz performance, the XL2586X+ offers ultra-smooth transitions and unparalleled motion feedback, ideal for fast-paced first-person shooters and tournament-level play.

    At the core of the XL2586X+ is ZOWIE’s latest Fast-TN panel technology, engineered to reduce ghosting and improve liquid crystal conductivity. The inclusion of a vivid color film improves color output by 35% over traditional TN panels, ensuring enemies and in-game cues stand out without compromising speed.
    DyAc 2, ZOWIE’s proprietary motion blur reduction system, now uses dual backlight architecture for enhanced clarity. This upgrade allows players to reduce visual noise, track enemies more effectively, and maintain focus during rapid-fire gameplay scenarios.
    Adding to its performance-driven design is Auto Game Mode powered by XL Setting to Share™. This feature auto-adjusts display configurations depending on the content displayed, eliminating the need for manual tweaks between games and programs.

    Ergonomically, the XL2586X+ features a precision-bearing height adjustment system that locks into position without wobble, catering to both at-home users and competitive LAN setups.
    “The XL2586X+ represents ZOWIE’s commitment to supporting eSports athletes with display technology that delivers real-world impact, not just spec-sheet hype,” said Rajeev Singh, Managing Director, BenQ India & South Asia. “From 600Hz refresh rate to DyAc 2, it’s a tool designed to elevate decision-making, speed, and focus in FPS environments.”
    The XL2586X+ is available at a launch price of ₹94,990 through Amazon India, the ZOWIE India E-store, and select partner retailers.

    About ZOWIE
    ZOWIE is a professional gaming gear brand from BenQ, shaped by direct input from competitive FPS players around the world. Its XL Series has undergone more than a decade of real-time testing and feedback, making it one of the most trusted monitor lines for eSports professionals.
    About BenQ Group
    The BenQ Group is a $25+ billion enterprise operating across more than 30 countries with nearly 20 independent companies. With a workforce of over 100,000, it leads in display tech, green energy, system integration, IC design, and more. Key companies include BenQ Corporation, AU Optronics, Qisda, Darfon Electronics, and BenQ Medical Technology.
    To learn more about the XL2586X+, visit
    https://zowie.benq.com/en-us/monitor/xl2586x-plus.html
    At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.

  • Shark Tank India Season 5 Sets Up Audition Booth at Indian Healthy Snacking Summit 2025

    1,500 founders and brands expected at Farmley’s Bharat Mandapam summit as live pitches go to Shark Tank panel

    Farmley has partnered with Shark Tank India to offer entrepreneurs direct access to Season 5 auditions at the Indian Healthy Snacking Summit 2025. The summit, scheduled for Friday at Bharat Mandapam, will feature an on-site Shark Tank booth where founders can record their pitches live. These recordings will be forwarded to the show’s production team in Mumbai for evaluation and potential selection for the upcoming season.
    The recorded pitches will serve as official auditions for Shark Tank India Season 5. Selected founders could go on to present their ideas in front of the show’s panel of investors, gaining national exposure and potential funding. This is the first time Shark Tank India is enabling on-ground auditions outside its traditional online process.

    Akash Sharma, Co-founder of Farmley, commented, “Every successful entrepreneur’s journey begins with a single opportunity to be heard. This on-ground audition format is revolutionizing how we discover and nurture talent, giving founders the chance to showcase their vision in a more personal, accessible setting. It’s not just about pitching – it’s about empowering the next generation of business leaders.”
    The Indian Healthy Snacking Summit 2025, now in its second edition, is expected to host over 1,500 attendees and feature more than 50 speakers. The summit has emerged as a strategic gathering point for emerging D2C brands, investors, food-tech players, and quick commerce platforms.
    Among the keynote speakers and panelists are Revant Himatsingka aka FoodPharmer, Amitesh Jha, CEO of Swiggy Instamart, and Arjun Vaidya, founder of Dr. Vaidya’s and V3 Ventures. The speaker lineup also includes senior leadership from Amazon, Blinkit, Zepto, and Meesho. Panel discussions will dive into evolving investment trends, digital distribution strategies, and India’s rising demand for healthier food products.

    For Farmley, this summit is more than just a branding platform. It marks a broader positioning shift as the company takes on a leadership role within the D2C health snacking space. By facilitating direct access to Shark Tank auditions, Farmley is reinforcing its commitment to supporting early-stage businesses and founder innovation.
    Farmley, founded in 2017 and headquartered in Noida, operates on a farm-to-palm model, sourcing directly from over 5,000 farmers across India. The company produces healthy snacks such as makhanas, dry fruits, and superfood-based mixes at its in-house facilities. With a national footprint and a robust D2C strategy, Farmley is endorsed by Rahul Dravid and has become a recognizable name in India’s wellness-oriented FMCG segment.

    In May 2025, Farmley raised $42 million in a Series C funding round led by L Catterton and DSG Consumer Partners. The capital is being used to expand distribution channels, invest in food innovation, and strengthen the company’s omnichannel presence across Tier 1 and Tier 2 cities.
    The Shark Tank booth at the Indian Healthy Snacking Summit represents a unique touchpoint where India’s next-generation founders can access the national stage. As Shark Tank India prepares to launch its fifth season, this on-ground scouting initiative is a sign of how startup discovery is becoming increasingly democratized.
    At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.

  • India’s 2025 Festive Season to See Record Gig Hiring, Says Adecco

    Seasonal jobs rise 15-20% led by retail, logistics, BFSI, and Tier 2 city expansion

    Mumbai, India: India’s festive season is expected to generate more than 2.16 lakh temporary and gig jobs during the second half of 2025, according to projections released by Adecco India. Hiring demand has surged by 15 to 20 percent compared to the previous year, driven by post-election economic optimism, a strong monsoon lifting rural consumption, and aggressive seasonal promotions by leading brands.
    This sharp uptick in hiring is being led by sectors such as retail, e-commerce, logistics, BFSI, hospitality, travel, and FMCG. Hiring has been timed around key consumption events including Raksha Bandhan, Big Billion Days, Prime Day Sale, Dussehra, Diwali, and the upcoming wedding season. Businesses across sectors have moved up their recruitment cycles to remain operationally ready for the projected rise in demand.

    Hiring momentum is strongest in metros such as Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune, with a 19 percent increase from last year. Simultaneously, Tier 2 cities including Lucknow, Jaipur, Coimbatore, Nagpur, Bhubaneswar, Mysuru, and Varanasi are experiencing a dramatic 42 percent rise in hiring. Emerging job markets like Kanpur, Kochi, and Vijayawada are also seeing upward trends, confirming a broader geographic shift in festive season workforce demand.
    Adecco India reports that compensation levels are also climbing. Metro salaries are up by 12 to 15 percent, while emerging cities are witnessing a sharper rise between 18 to 22 percent. Notably, the participation of women in festive roles has increased by 23 percent, underscoring the growing appeal of flexible, short-duration employment options.

    According to Mr. Deepesh Gupta, Director and Head of General Staffing at Adecco India, “This year’s festive season is seeing a sharper and more structured demand curve. Unlike previous years where hiring was largely volume-driven, employers today are equally focused on deployment speed, workforce readiness, and regional agility. We began accelerating employee screening and workforce mapping early in the year. Our average turnaround time from application to deployment has reduced to 17 days, enabled by digital screening and mobile-first onboarding.”

    In terms of sector-specific dynamics, logistics and delivery roles are projected to grow by 30 to 35 percent. BFSI is expanding field operations with a 30 percent rise in hiring for credit card sales and POS deployments, especially in Tier 2 and Tier 3 towns. Travel and hospitality are forecasting a 20 to 25 percent increase in staffing, while retail and e-commerce are set to dominate, accounting for 35 to 40 percent of total seasonal hiring.
    Employers are also shifting their hiring preferences. Candidates aged 18 to 30, especially those with gig or frontline retail experience, are in demand. Multilingual capabilities, customer-handling experience, and digital fluency are now seen as essential for roles in credit sales, logistics, and in-store service.
    Beyond meeting temporary demand spikes, Adecco observes a deeper trend: seasonal jobs are now being used to identify long-term workforce potential. Nearly one in four seasonal workers transition into formal roles post-season. Retail and fintech companies are formalizing career paths for high-performing seasonal workers. This strategic evolution highlights that seasonal employment is increasingly being integrated into structured workforce planning.

    Retention, traditionally a challenge in festive hiring, is being directly addressed. Employers are introducing structured incentives such as joining bonuses, attendance-linked payouts, and completion bonuses. These measures have led to a 20 to 25 percent improvement in seasonal worker retention rates year over year.
    Adecco India, part of the global Adecco Group AG, is a premier human resource solutions provider with expertise in temporary staffing, professional staffing, permanent recruitment, training, and consulting. The company’s India operations comprise over 900 professionals managing a network that supports more than 40,000 associates across the country.
    At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.

  • After Settling ₹3,859.81 Cr Debt, Ramky Infrastructure Executes REA With Lenders

    Debt-free status enables Ramky to enhance credit profile and accelerate growth

     Ramky Infrastructure Limited has completed the formal exit from its debt restructuring journey after executing a Restructuring Exit Agreement (REA) with its lenders. This follows the successful repayment of the entire restructured debt amounting to ₹3,859.81 crores. The company had entered into a Restructuring Agreement (RA) on June 12, 2015, involving term loans and working capital facilities.
    Ramky had settled all term loans by June 2019. On July 11, 2025, the company and its lending partners formalized the REA. This document confirmed that all obligations under the restructuring framework have been met. As a result, the lenders have reclassified all working capital facilities as regular and standard in their records.

    The conclusion of the REA positions Ramky Infrastructure to improve both internal bank ratings and external credit assessments. The company’s financials are now expected to reflect improved leverage metrics, opening opportunities for competitive financing and enhanced investor confidence.
    The REA brings an end to a decade-long restructuring chapter that began in 2015 when Ramky reorganized its debt in response to sectoral challenges. The company has since maintained a steady repayment track and financial discipline, culminating in the full closure of its obligations.
    Y.R. Nagaraja, Managing Director of Ramky Infrastructure Limited, expressed gratitude to the stakeholders who supported the process. He stated that this financial clean slate will help the company move forward with its core focus: delivering sustainable infrastructure solutions across India and key overseas markets.

    “We appreciate the patience and trust shown by our stakeholders throughout the restructuring period. This development strengthens our balance sheet and renews our capability to engage in complex, large-scale EPC projects,” Nagaraja said.
    Ramky Infrastructure is now operating with zero outstanding term loans. The company’s credit risk profile is likely to improve as a result, along with its eligibility for future government and multilateral infrastructure projects.
    Ramky Infrastructure Limited, part of the Ramky Group, is one of India’s established names in infrastructure development. Incorporated in 1994 and headquartered in Hyderabad, Telangana, the company has executed major engineering, procurement, and construction (EPC) projects across water treatment, waste management, roads, bridges, and urban infrastructure.

    With a professional team of more than 2,000 employees, Ramky operates both in India and international markets. It holds certifications under ISO 9001:2015 (Quality Management Systems), ISO 14001:2015 (Environmental Management Systems), and ISO 45001:2017 (Occupational Health and Safety).
    The financial restructuring and its closure highlight Ramky’s commitment to corporate governance, fiscal transparency, and long-term strategic planning. With no outstanding restructuring obligations, the company is positioned to realign its focus toward high-growth, impact-oriented infrastructure developments aligned with national priorities.
    The successful REA execution is also expected to reflect positively in its investor reporting and audit outcomes. With enhanced credit viability, Ramky may also pursue capital market activities and long-term funding options for upcoming projects.
    At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.

  • Aggcon Equipments International files DRHP with SEBI for IPO; eyes ₹332 crore to fuel national infrastructure expansion

    Aggcon Equipments International Limited sets the stage for a landmark IPO, combining fresh capital infusion and promoter divestment to scale its high-performance rental equipment fleet and deepen its presence in mission-critical infrastructure projects nationwide.

    Aggcon Equipments International Limited, a prominent Haryana-headquartered infrastructure equipment rental company, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as it prepares to go public. With a track record spanning more than two decades, the company plans to raise ₹332.04 crore through a combination of fresh issue and offer-for-sale.
    The public offering comprises a fresh issue of shares amounting to ₹332.04 crore, with ₹168 crore allocated for the repayment or prepayment of existing borrowings and ₹84.03 crore earmarked for capital expenditure to augment its equipment base. An offer-for-sale will also be conducted by the company’s promoters, Jitender Aggarwal and Renu Aggarwal, who will divest up to 94 lakh shares collectively. The balance will be used for general corporate purposes.

    Established in 2003, Aggcon Equipments has grown into one of the country’s most recognised equipment leasing brands for infrastructure development. With a sharp focus on rental-only operations, the company maintains an agile fleet of 337 active units with an average age of 2.91 years as of 31 March 2025. These units span across earthmoving machinery, road construction tools, concrete and foundation rigs, aerial workspace platforms, and other essential equipment supplied by top OEMs including L\&T, Hyundai Construction, Sany, Wirtgen India, and Apollo Carmix.
    The company has deployed its fleet in over 500 project sites across 27 states and five union territories. Its machinery has supported flagship infrastructure works like the Mumbai Trans Harbour Link (MTHL), Kudankulam Nuclear Power Plant, Dhubri-Phulbari bridge, and the Indian Navy’s INS Varsha submarine bunker in Vishakhapatnam. Aggcon’s clients include high-profile engineering and construction giants such as Afcons Infrastructure, Tata Projects, Monte Carlo, Rahee Infratech, and GR Infraprojects.

    In December 2024, the company acquired four complementary entities—Savbri International, RJSP Logistics, Remodelers Buildcon, and Max Rentals—to further enhance its regional and service capabilities. These strategic acquisitions strengthen Aggcon’s logistics footprint and ensure equipment availability for time-sensitive, high-volume projects.
    For Fiscal 2025, Aggcon Equipments reported a revenue of ₹164.02 crore, up 19.47 percent from ₹137.29 crore in the previous fiscal year. Net profit surged by 35.64 percent to ₹30.71 crore, driven by improved fleet utilisation, efficiency-led expense management, and a broader geographic spread. The company’s income stream was largely powered by rental income, followed by freight logistics supporting end-to-end service delivery.

    The IPO is being managed by Motilal Oswal Investment Advisors Limited as the sole book-running lead manager. MUFG Intime India Private Limited will serve as the registrar to the issue. Once listed, the company’s equity shares will trade on both the BSE and NSE, positioning Aggcon Equipments among India’s few listed players focused exclusively on infrastructure rental services.
    With India’s capital expenditure pipeline projected to surge under the National Infrastructure Pipeline and PM Gati Shakti scheme, Aggcon’s listing is expected to draw keen interest from investors tracking construction and logistics enablement themes. The IPO’s success will not only validate the company’s capital-efficient operating model but may also catalyse a new wave of growth in asset-light infrastructure servicing platforms.
    At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.