New Delhi [India], January 21: “Prague”, a new Hindi romance novel by debut author Vishwajeet Ranade, is now available. Published by Khyaati Prakashan, the novel becomes the publisher’s first foray into fiction, offering readers an intimate and emotionally resonant narrative in modern Hindi literature. The book was trending at #6 in the Hot New Releases section of Amazon India within 24 hours of its pre-booking window.

Set against the snow-covered streets of Prague in December, the novel follows Kabir, a writer searching for his next story, who encounters a woman beneath the Astronomical Clock in the city’s Old Town Square. As they wander through hidden bookstores, quiet cafés, glowing bridges, and frozen lanes, they share fragments of their lives with each other. What unfolds over five fleeting days is a deeply intimate exploration of romance and longing, where two strangers become each other’s refuge. The novel captures the tenderness of conversations that linger and the fragile beauty of their shared moments.

An award-winning Indian-origin writer and artist based in Ireland, Vishwajeet Ranade writes stories rooted in emotional introspection and the complexities of the inward psychological spaces that shape human character. Vishwajeet has also recently delivered a TEDx talk at Imperial College London, reflecting on evolution, adaptation, and human behaviour. His creative work spans theatre, films, and songwriting, with many international nominations and an array of accolades.

“The story was born when I was visiting Prague in December 2024,” says Vishwajeet. “Some street musicians were playing jazz music on Charles Bridge, couples were slow-dancing in the cold, and the city felt suspended in time. This story is my attempt to preserve that feeling of love that doesn’t promise permanence, but changes you forever.”

Explaining his choice of language, Vishwajeet adds, “Writing in Hindi, especially as an Indian living outside India, feels like a responsibility. It allows me to bring distant cities, cultures, stories with different perspectives, and complex emotions to readers who feel most at home in Hindi. This language lets me tell stories that are closest to my heart, with honesty and depth, while allowing me to narrate life outside of India. I want to bring the world to my readers in the language they speak.”

“Prague” consciously attempts to reach a literary depth while situating that intensity firmly within a modern, emotional, yet simple landscape. By blending the philosophical depth of an older literary era with the realities of present-day relationships, short-lived connections, and emotional uncertainty, the novel seeks to reconnect today’s dynamic youth with Hindi literature.

The publisher- Khyaati Prakashan aims to establish itself as a transparent, writer-centric publishing house committed to nurturing new literary voices in Hindi language. The publisher believes that contemporary voices like Vishwajeet’s would be transformative catalysts in Hindi literature.

“Prague” is now available to order online on Amazon, Flipkart, and in select stores.

Davos [Switzerland], January 21: At the World Economic Forum, SARGAD LLC and the Government of Telangana signed a Memorandum of Understanding (MoU) to establish AeroNxt, a collaborative initiative to modernize India’s aerospace and defence manufacturing ecosystem.

The MoU was signed at the India Pavilion during the WEF Annual Meeting 2026, with SARGAD targeting the deployment of up to $100 million USD (approx. ₹1000 Crore) in the state’s aerospace & defence sector over the next several years.

The initiative addresses a critical supply chain gap as global air travel continues to expand and demand for new aircraft and their sustainment accelerates. Original Equipment Manufacturers (OEMs) are seeking reliable, cost-competitive manufacturing partners to meet this growing demand while managing supply chain uncertainty.

Supported by a group of senior global executives bringing decades of leadership experience and relationships across global aerospace and defence programs, the initiative targets four strategic objectives:

  1. Investing in and modernizing MSMEs.
  2. Developing capabilities to deliver high-precision components, sub-systems, and structures for next-generation aircraft and defence programs.
  3. Facilitating access to global OEMs and the tiered supply base.
  4. Establishing an MRO Centre of Excellence for aerospace components.

“Global aerospace supply chains are shifting toward trusted, cost-competitive suppliers with quality manufacturing and design capabilities, with the ability to supply reliably at scale. India has the engineering talent and the strategic positioning. This partnership with the Government of Telangana is about selectively investing in MSMEs, building capabilities in high-precision mechanical and electronic components and software, and supporting the needs of aircraft manufacturers and Tier 1 suppliers globally,” said Sri Thota, Founder & CEO of SARGAD.

SARGAD is an operator-led industrial and investment platform with experience across aerospace, defence, automotive, clean energy, and data center manufacturing sectors, focused on IP-driven industrial businesses. The initiative is expected to be pursued through SARGAD’s Industrial Investment Platform.

The initiative capitalizes on Telangana’s industrial ecosystem, anchored by HAL, DRDO, BDL, Tata ASL, and Cyient, combined with a strong engineering talent pool and progressive government policies. The existing MSME base is strategically positioned for modernization into globally competitive aerospace suppliers.

The partnership aims to support incremental export growth, job creation, skill development, and MSME modernization over a multi-year period. The initiative seeks to contribute to Atmanirbhar Bharat objectives and build private sector participation in aerospace and defence capabilities.

About SARGAD

SARGAD LLC delivers strategic Private Equity partnerships and Innovation Solutions across the private and public sectors. Headquartered in Troy, Michigan, SARGAD partners with organizations to build, modernize, and scale businesses by combining Fortune 200-level leadership, deep operational expertise, and disciplined capital deployment to drive sustainable growth and global competitiveness across the aerospace, defence, automotive, data centres, clean energy, and healthcare sectors.

Media Contact:

SARGAD LLC

755 W Big Beaver Rd, Suite 2020

Troy, MI 48084

248-302-0666

info@sargad.com

www.sargad.com

The government has explicitly targeted a specific religious group, categorically labeling it a “social harm” and a “detriment” while mobilizing state power in a retaliatory manner. Such actions constitute a grave violation of Article 20 of the Constitution of the Republic of Korea, which guarantees the freedom of religion and the principle of the separation of church and state. The Shincheonji Church of Jesus expresses profound concern over this unilateral interference by state power and strongly urges the administration to uphold the principles of fair, restrained, and constitutional governance.

On 12 January, President Lee Jae-Myung stated during a meeting with religious leaders that “societal harm [caused by a specific religion] has been neglected for too long, resulting in great damage.” This was followed on 13 January by Prime Minister Kim Min-seok, who, during a Cabinet meeting, utilized terms such as “cult” and “heresy” to order a joint investigation and “eradication” measures.

These statements effectively draw a conclusion before any formal investigation has begun. Such rhetoric from the head of the executive branch preemptively brands a specific religious group as a “socially problematic entity,” which could be interpreted as compromising the due process and principles of the investigative process.

While a government-mandated joint investigation is underway, the administration is blatantly dismantling constitutional boundaries by declaring the group a “cult” and a “harm” as a foregone conclusion. By what authority does a secular government define and judge religious doctrine? On what legal basis does the highest seat of power provide “investigative guidelines” that undermine the independence of the judiciary?

The criteria for “orthodoxy” or “heresy” must never be based on political proximity or secular interests; they must be rooted solely in the Holy Scriptures.

History repeats itself. Two thousand years ago, Jesus Christ was branded a “heretic” and persecuted by the religious establishment of his time. Yet, history has vindicated Jesus as the cornerstone of the faith. Similarly, is it justifiable to label a religious body “heretical” based on congregation size or the assertions of rival pastors rather than the content of the Bible today?

With due regard for the issue, the Shincheonji Church of Jesus has repeatedly proposed a transparent solution: let us resolve these theological disputes through an open, public Bible examination, grounded in the Holy Scripture rather than emotion or political pressure. To date, there has been no fair response to this invitation.

Shincheonji Church of Jesus has never claimed infallibility. If there are genuine doctrinal or social errors, we ask that they be identified with specificity. We are committed to correcting any faults and have consistently maintained this stance. The Bible’s teachings guide our actions as we strive to become upright believers respected in our communities. From voluntary service during national disasters to leading record-breaking blood drives during supply crises, we have sought to be a vital part of society. Despite this, the government continues to use abstract labels such as “harm” without presenting a single specific instance of verified damage.

Furthermore, despite numerous past allegations, the judicial process has repeatedly resulted in acquittals or findings of no suspicion. Recycling matters already settled by the courts as fuel for political and media attacks only leads spectators and all parties involved to question whether it reflects what the Republic of Korea stands for or marks a departure from the standards of a democratic state governed by the rule of law.

The President and the political establishment must move away from the politics of scapegoating and toward a politics of unity that serves all the people they represent. Attempts to use religious establishments to evade political risks, or to weaponize majority opinion to suppress a minority religion, serve neither national development nor democracy. The State has a duty to ensure that no citizen is ostracized or discriminated against on the basis of their faith.

If one religion is targeted today, any marginalized group could be the target tomorrow. The Shincheonji Church of Jesus will stand firm in truth and faith within the framework of law and order, and will not be silenced, affirming its constitutional right to freedom of religion. We call upon the government to cease emotional branding, base its judgments on facts and law, and return to its fundamental duty of serving all people equally.

The members of Shincheonji Church of Jesus have always been sincere as people of the Republic of Korea. They have shown it through their actions, including cooperating with authorities in a collaborative spirit, engaging in unsparing volunteerism, and donating blood that saved lives. As people of faith who believe in God and Jesus, and as people of this nation, the church members will continue to live up to who they are as they always have.

NEW DELHI, INDIA — January 20, 2026 — StyleBuddy, India’s premier fashion styling services company, today officially announced the launch of the “Sabse Stylish Kaun” Challenge 2026. This nationwide competition aims to discover and celebrate India’s most unique fashion identities, offering a grand prize of ₹1,00,000 and professional styling opportunities.

In a first-of-its-kind initiative, StyleBuddy is democratizing high-end fashion by providing every participant with a Personalized Style Look created by expert stylists for a nominal fee of ₹499. This ensures that every entrant, regardless of their fashion background, has access to professional advice before competing for the top title.

The core intent of the “Sabse Stylish Kaun” Challenge is to bridge the gap between aspirational fashion and everyday wear. By moving beyond traditional modeling standards, StyleBuddy aims to empower individuals from all walks of life to discover their “Signature Style.” The competition serves as a catalyst for self-expression, encouraging participants to break free from cookie-cutter trends and embrace a wardrobe that truly reflects their inner personality.

To ensure a diverse and inclusive platform, the competition features multiple categories tailored to the rich sartorial landscape of India. Participants can compete in dedicated segments for Men and Women, with specialized awards spanning Western Wear, Formal Wear, and Indian Ethnic Wear. This categorized approach allows individuals to showcase their expertise in their preferred style genre, whether it be the sharp lines of a corporate suit, the contemporary flair of global trends, or the timeless elegance of traditional Indian craftsmanship.

For participants, joining the challenge offers more than just a chance at the cash prize; it provides an educational masterclass in personal branding. Each entrant walks away with a professional style blueprint that they can use long after the competition ends. Whether for professional networking, social media presence, or personal confidence, the expert-curated looks provide a lifelong toolset for navigating the world with style and poise.

Priya Rajesh, COO at StyleBuddy, commented on the launch:

“At StyleBuddy, we believe that style is a powerful form of self-communication that should be accessible to everyone, not just the elite. Through this competition, our goal is to ignite a style revolution across India. We aren’t just giving away a prize; we are giving participants the professional guidance they need to transform their self-image. We want every person who enters to feel like the most stylish version of themselves from the moment they receive their personalized look.”

Competition Highlights:

  • Grand Prize: ₹1,00,000 Cash Award and the “Most Stylish Person 2026” Trophy.
  • Runner-up: ₹50,000 Cash Award and Trophy.
  • Special Category Awards: Recognition for excellence in Men’s & Women’s Western, Formal, and Indian Ethnic Wear.
  • Professional Edge: Every participant receives a bespoke style guide from StyleBuddy’s panel of expert fashion stylists.
  • Eligibility: Open to all Indian residents aged 18 and above.
  • Deadline: Entries close on February 15, 2026.

The winners will be selected by an esteemed jury based on creativity, presentation, and the ability to carry a personalized look with confidence. Results will be announced on March 1, 2026. Interested participants can register and get their personalized looks at www.stylebuddy.fashion

About StyleBuddy:

StyleBuddy is India’s leading personal styling platform, dedicated to making professional fashion advice accessible to everyone. With a network of top-tier stylists, StyleBuddy provides wardrobe management, personal shopping, and style consultations to help individuals look and feel their best.

Chennai, January 20: The Rotary Club of Madras South (RCMS) marked a significant milestone in its community healthcare initiatives by donating two advanced pediatric ventilators to the Institute of Child Health (ICH), Egmore, under its flagship project aptly titled “Save Lives.”

The ventilators were formally handed over during a ceremonial event held at the ICH Auditorium, in the distinguished presence of District Governor Rtn. Vinoth Saraogi (District 3234). The occasion was further graced by RCMS President Rtn. R. Rajanbabu, Secretary Rtn. Sibi Rajan, and Rtn. K. Saravanan, Director – Community Services Health, in the presence of few more rotarians & Ann’s from RCMS, who officially handed over the equipment.

The hospital leadership was represented by Dr. Madhivanan, Director of Health, ICH, and Dr. G. K. Jaikaran, Professor and Head, Paediatric Cardiothoracic and Vascular Surgery, ICH, who acknowledged the timely and impactful contribution that will significantly strengthen pediatric critical care services at the institution.

Demonstrating a deep commitment beyond equipment donation, RCMS has ensured a comprehensive 5-year Annual Maintenance Contract (AMC) for both ventilators and has also set aside dedicated funds to address any unforeseen repair or operational expenses. This thoughtful approach ensures uninterrupted, long-term functionality of the life-saving equipment.

Speaking on the occasion, RCMS leaders emphasized that the “Save Lives” project stands as one of the most prestigious and meaningful initiatives of RCMS in the current Rotary year, reflecting the club’s sustained focus on child healthcare and preventive support systems.

“This initiative goes beyond a donation—it is a promise of continuity, care, and responsibility towards saving young lives,” said a senior RCMS office bearer.

With this project, Rotary Club of Madras South once again reaffirmed its commitment to Rotary International’s theme “Unite for Good,” reinforcing the belief that impactful service, when thoughtfully executed, can truly transform lives.

For media enquiries, please contact:
Balamurugan S
Chairman – Public Image
rtnbalasubbiah@gmail.com

CHHATRAPATI SAMBHAJINAGAR, January 20, 2026 – To commemorate National Startup Week and celebrate National Startup Day—observed annually on January 16th since 2023—the Marathwada Accelerator for Growth and Incubation Council (MAGIC) organized a landmark event today. The gathering proved to be a pivotal moment for the region’s entrepreneurial landscape, bringing together key stakeholders to celebrate the ever-growing startup ecosystem.

The highlight of the event was the official launch of the book authored by Umesh Rathod, (Founder Lean Campus Startups, 3 time TEDx Speaker, Startup Mentor to 4.75 lac students) titled, “Startup Theories, Examples and Activities” and the unveiling of the latest issue of MAGIC Incubator Newsletter “Discover MAGIC”. These resources are designed to provide practical guidance and updates to the region’s budding entrepreneurs.

The author highlighted the role of Incubators in tier 1 and tier 2 cities for providing opportunities to young entrepreneurs who have no option to migrate to other ecosystems. He stressed upon the need to look at support job creators in the academic setting i.e. students and faculties for providing them handholding and mentoring at the right time so they can prosper.

The event was graced by distinguished dignitaries, including:

  • Dr. Anil Sahasrabudhe Ex.Chairman AICTE, Hon. Chief Guest.
  • Dr. Vinod M. Mohitkar, Director of Technical Education (DTE).GoM
  • Dr. K. V. Kale, Vice Chancellor of DBATU University, Lonere
  • Mr. Umesh Rathod, AICTE Indovation Head, Western Region.
  • Mr. Munish Sharma, Director General of MIT CSN
  • Mr. Ashish Garde, Director of MAGIC.

The session featured a keynote address by Dr. Anil Sahasrabudhe, who shared insights into the future of innovation and the role of academic institutions in fostering entrepreneurship. Mr. Ashish Garde delivered the welcome address and presented a MAGIC PPT, detailing the incubator’s mission and achievements.

The event saw enthusiastic participation from a wide range of stakeholders, including:

  • Heads of Higher Education Institutions (HEIs).
  • Industry Leaders.
  • CEOs of various Incubators.
  • Academic Faculty and Students.

The proceedings concluded with a formal vote of thanks delivered by Mr. Nilesh Patil, Director of MIT.

About MAGIC Incubator:

MAGIC is a dedicated sector-agnostic business incubator based in Chhatrapati Sambhajinagar, focused on mentoring and accelerating the growth of early-stage startups through industry-academic collaboration.

www.umeshrathod.in | www.instagram.com/umesh_rathore | https://www.linkedin.com/in/umeshrathod

The government has explicitly targeted a specific religious group, categorically labeling it a “social harm” and a “detriment” while mobilizing state power in a retaliatory manner. Such actions constitute a grave violation of Article 20 of the Constitution of the Republic of Korea, which guarantees the freedom of religion and the principle of the separation of church and state. The Shincheonji Church of Jesus expresses profound concern over this unilateral interference by state power and strongly urges the administration to uphold the principles of fair, restrained, and constitutional governance.

On 12 January, President Lee Jae-myung stated during a meeting with religious leaders that “societal harm [caused by a specific religion] has been neglected for too long, resulting in great damage.” This was followed on 13 January by Prime Minister Kim Min-seok, who, during a Cabinet meeting, utilized terms such as “cult” and “heresy” to order a joint investigation and “eradication” measures.

These statements effectively draw a conclusion before any formal investigation has begun. Such rhetoric from the head of the executive branch preemptively brands a specific religious group as a “socially problematic entity,” which could be interpreted as compromising the due process and principles of the investigative process.

While a government-mandated joint investigation is underway, the administration is blatantly dismantling constitutional boundaries by declaring the group a “cult” and a “harm” as a foregone conclusion. By what authority does a secular government define and judge religious doctrine? On what legal basis does the highest seat of power provide “investigative guidelines” that undermine the independence of the judiciary?

The criteria for “orthodoxy” or “heresy” must never be based on political proximity or secular interests; they must be rooted solely in the Holy Scriptures.

History repeats itself. Two thousand years ago, Jesus Christ was branded a “heretic” and persecuted by the religious establishment of his time. Yet, history has vindicated Jesus as the cornerstone of the faith. Similarly, is it justifiable to label a religious body “heretical” based on congregation size or the assertions of rival pastors rather than the content of the Bible today?

With due regard for the issue, the Shincheonji Church of Jesus has repeatedly proposed a transparent solution: let us resolve these theological disputes through an open, public Bible examination, grounded in the Holy Scripture rather than emotion or political pressure. To date, there has been no fair response to this invitation.

Shincheonji Church of Jesus has never claimed infallibility. If there are genuine doctrinal or social errors, we ask that they be identified with specificity. We are committed to correcting any faults and have consistently maintained this stance. The Bible’s teachings guide our actions as we strive to become upright believers respected in our communities. From voluntary service during national disasters to leading record-breaking blood drives during supply crises, we have sought to be a vital part of society. Despite this, the government continues to use abstract labels such as “harm” without presenting a single specific instance of verified damage.

Furthermore, despite numerous past allegations, the judicial process has repeatedly resulted in acquittals or findings of no suspicion. Recycling matters already settled by the courts as fuel for political and media attacks only leads spectators and all parties involved to question whether it reflects what the Republic of Korea stands for or marks a departure from the standards of a democratic state governed by the rule of law.

The President and the political establishment must move away from the politics of scapegoating and toward a politics of unity that serves all the people they represent. Attempts to use religious establishments to evade political risks, or to weaponize majority opinion to suppress a minority religion, serve neither national development nor democracy. The State has a duty to ensure that no citizen is ostracized or discriminated against on the basis of their faith.

If one religion is targeted today, any marginalized group could be the target tomorrow. The Shincheonji Church of Jesus will stand firm in truth and faith within the framework of law and order, and will not be silenced, affirming its constitutional right to freedom of religion. We call upon the government to cease emotional branding, base its judgments on facts and law, and return to its fundamental duty of serving all people equally.

The members of Shincheonji Church of Jesus have always been sincere as people of the Republic of Korea. They have shown it through their actions, including cooperating with authorities in a collaborative spirit, engaging in unsparing volunteerism, and donating blood that saved lives. As people of faith who believe in God and Jesus, and as people of this nation, the church members will continue to live up to who they are as they always have.

13 January 2026

Members of Shincheonji Church of Jesus

Disclaimer:
This article is a statement issued by the Shincheonji Church of Jesus and reflects the views, opinions, and positions of its members. The content is provided for informational purposes only and does not necessarily represent the views of the publisher, editors, or affiliated parties. The publisher does not independently verify all claims made herein and encourages readers to form their own conclusions based on a broad range of sources. References to individuals, institutions, or government actions are presented as part of the organization’s expressed perspective.

New Delhi [India], January 19: In the bustling food lanes of Andheri West, Mumbai, Shree Ganeshji’s Iyengar Bakery & Restaurant has emerged as a trusted destination for authentic South Indian flavours and classic Iyengar bakery offerings. Known for its soft idlis, crisp benne dosas, aromatic filter coffee and freshly baked snacks, the brand has built a loyal customer base by staying rooted in tradition while maintaining consistency and quality. What began as a neighbourhood favourite has steadily grown into a recognised name for comfort-driven vegetarian cuisine.

The brand’s strength lies in its unwavering focus on taste, hygiene and value. Every dish at Shree Ganeshji’s Iyengar Bakery & Restaurant reflects time-tested recipes, careful sourcing of ingredients and disciplined kitchen practices. The restaurant’s warm, no-frills environment mirrors the essence of classic South Indian eateries, offering diners an experience that is both nostalgic and reliable. Over the years, it has become a daily ritual for many patrons seeking honest food and familiar flavours.

With growing demand for authentic regional Indian cuisine, Shree Ganeshji’s Iyengar Bakery & Restaurant is now preparing for its next phase of growth. The brand is gearing up for international expansion, with plans to enter key global markets such as Dubai and Australia, where Indian food enjoys strong cultural and culinary appreciation. This expansion aims to carry forward the brand’s core identity while adapting to global dining standards and expectations.

Behind this growing brand is Manish Shetty, the founder and driving force who has transformed a single Mumbai outlet into a scalable hospitality concept. A hands-on entrepreneur, Manish has focused extensively on building strong operational foundations — from standardised recipes and kitchen SOPs to staff training, hygiene protocols and vendor management. His approach reflects a deep understanding that sustainable growth in hospitality depends on systems, not shortcuts.

As a hospitality entrepreneur, Manish Shetty represents a new generation of Indian restaurateurs who blend traditional cuisine with modern business thinking. Through structured planning and a long-term vision, he is actively exploring partnerships and collaborations that align with the brand’s values. Alongside business expansion, he is also building his professional presence through digital platforms, sharing insights into his journey, philosophy and operational learnings.

Looking ahead, Shree Ganeshji’s Iyengar Bakery & Restaurant aims to introduce global audiences to the simplicity and soul of South Indian vegetarian food. From benne dosas and filter coffee to signature bakery items and comfort meals, the brand plans to offer a familiar yet elevated experience that resonates with both the Indian diaspora and local consumers abroad. Cities like Dubai, with their vibrant food culture, and Australia, with its growing demand for vegetarian and balanced dining, present strong opportunities for the brand’s philosophy.

As the brand prepares to step onto the international stage, it remains anchored to the principles that defined its success in Mumbai — consistency, authenticity and guest-first thinking. From a beloved neighbourhood restaurant in Andheri West to an emerging global hospitality concept, Shree Ganeshji’s Iyengar Bakery & Restaurant stands as a testament to how regional Indian food brands can scale internationally while staying true to their roots.

New Delhi [India], January 19, 2026: VCCEdge, India’s leading private market research platform, and Candle Partners, one of the leading homegrown mid-market Investment Banks in India, have released the 17th edition of India’s Dealscape, an annual deals report capturing how India’s alternate investment ecosystem recalibrated through 2025.

Based on proprietary VCCEdge data tracked until November 2025, the report analyses trends across Private Equity (PE), Venture Capital (VC), Funds, Exits, Mergers & Acquisitions (M&A), and Equity Capital Markets (ECM), capturing a year marked by lower deal volumes but sharper capital concentration.

In addition to its data-driven analysis, the report features in-depth interviews with senior investment leaders, including:

  • Sunish Sharma, Founder and Managing Partner, Kedara Capital
  • Vishal Tulsyan, Founder & Executive Chairman, Motilal Oswal Alternates
  • Nishit Garg, Partner, Asia Investment Team, RTP Global

These interviews offer perspectives on capital deployment, exit planning, and how investors are adapting strategies in a more disciplined private markets environment.

The report also features a dedicated thought leadership article by Mr. Navroz Mahudawala, Managing Director, Candle Partners, examining the key factors shaping M&A activity in family-managed businesses, with insights into both current market dynamics and emerging trends.

To get access to the report, click here.

Private Equity: Deal Volumes Fall 21%, Capital Concentrates in Larger Bets

Private equity investments in India moderated further in 2025, with deal volumes declining 21% year-on-year, even as disclosed deal value rose 14%, signalling a clear shift toward fewer, larger transactions. Capital increasingly concentrated behind later-stage and pre-IPO companies, while Angel and Seed investments fell to 55% of total deal volumes, down sharply from recent years, reflecting tighter scrutiny around validation and profitability.

B2B companies accounted for over 53% of PE deal volumes in 2025, up from 46% in 2023, reinforcing investor preference for scalable and sustainable business models.

“What we are seeing is not a retreat from private markets, but a recalibration,” said Anitesh Dharam, Business Head, VCCEdge. “Capital in 2025 has become more selective, backing fewer opportunities but with stronger conviction, as investors prioritise durability and exit visibility over rapid deployment.”

Sector-wise, Information Technology remained the largest contributor to PE deal volumes in 2025, even as overall activity moderated. Healthcare and Consumer Discretionary saw a pronounced decline in deal volumes compared to 2024, reflecting tighter underwriting and greater focus on profitability and cash flows.

At a thematic level, the report highlights a clear shift within India’s new-age sectors. FinTech, HealthTech and MediaTech recorded steep declines in deal volumes, visible across themes.

Across the top three themes, funding activity softened from 2024 to 2025 while business model mixes largely remained unchanged. Retail/Ecommerce continued to be overwhelmingly B2C-led, FinTech retained its B2B skew despite lower volumes, and HealthTech saw the sharpest, broad-based contraction across B2B, B2C and hybrid models.

Venture Capital: Early-Stage Activity Remains Subdued

Venture capital investments remained cautious through 2025, with early-stage deal volumes staying under pressure. Series A volumes fell 21% and Series B 16%, while later rounds showed promise. Series C rose and Series D increased 39% and 71%, but off a low base as investors focused on companies with established revenues and longer operating histories, reinforcing the broader shift toward disciplined capital deployment.
In Value terms, Series E+ value dropped 47%, while Series A and B values softened in 2025.

PE Funds: Fewer Launches, Capital Raising Tightens

Private equity fund activity reflected the broader tightening in capital supply during 2025. The number of PE funds launched declined 37% year-on-year, while total targeted capital fell 6%, pointing to a more cautious fund formation environment.

The decline was sharper in VC Funds, with 62% decline in fund launches compared to 2024.

Fundraising outcomes were similarly selective. The number of PE funds that raised capital declined 25% in 2025, while the amount raised dropped 56%, underscoring heightened LP scrutiny and longer capital-raising cycles. Smaller funds continued to dominate launches, even as large-ticket fund formations remained limited, reinforcing a preference for proven strategies and managers.

VC fundraising followed a similar trajectory, with the number of VC funds raising capital falling 50% in 2025, reflecting sustained pressure on early-stage capital formation.

PE Exits: Exit Volumes Hit a Five-Year Low

Private equity exits declined to a five-year low by volume in 2025, reflecting valuation challenges and extended exit timelines. Exit value, however, remained broadly stable, indicating a continued focus on larger, selective monetisation events.

Open Market exits remained the dominant exit route by volume, even as activity slowed from 2024 levels. Public Offering (IPO) and Secondary Sale routes posted volume growth of 50% and 26% albeit on a lower base.

While Exit Activity declined during the five-year period, partial exits increased their share of total exits from 33% in 2021 to 43% in 2024, underscoring the growing use of staggered exit strategies by investors.

In 2025, Information Technology and Healthcare were the top sectors by PE exit volume, together accounting for nearly half of all deals, while Industrials stood out on value.

M&A Rebounds as Strategic Confidence Returns

India’s M&A market recorded a recovery in 2025, with deal volumes rising 22% year-on-year and deal value increasing 16%, signalling renewed confidence among corporates. Domestic transactions continued to dominate, accounting for nearly three-fourths of all M&A deals.

Healthcare led the M&A volume rebound in 2025 with an 82% YoY increase, even as PE funding into the sector remained tight, pointing to consolidation-led growth. On value, Financials (+51% YoY) and IT (+67% YoY) drove the upswing, alongside a sharp rise in Healthcare deal value (+68% YoY).

Equity Capital Markets Cool After a Record 2024

After a record-setting 2024, India’s equity capital markets entered a phase of recalibration in 2025. ECM deal volumes declined 31%, while deal value fell 38%, reflecting more selective issuance conditions.

IPOs remained the dominant ECM instrument, accounting for over 70% of ECM deal volumes, even as issuance became more tightly priced. $100 million-plus IPOs contributed over 80% of total IPO value, underscoring growing selectivity in public markets.

A Maturing Market, Not a Retreat

Taken together, India’s Dealscape 2025 highlights a private markets ecosystem that is structurally maturing. Lower deal volumes, fewer exits and tighter fundraising reflect a shift toward quality, patience and realistic exit planning, as selectivity — rather than speed — defines the current investment cycle.

About Candle Partners

Founded in 2010, Candle Partners is recognised as one of the leading home grown mid-market Investment Banks in India (with typical deal sizes in the Rs 100-500 crore bracket). Since its inception, Candle has achieved closure of 55+ transactions with key focus being sell side M&A (i.e. representing several family managed businesses in exiting / getting a strategic partner on board). The firm advises companies on fund raises, strategic acquisitions, divestments and majority stake transactions. In 2025, it acted as sole financial advisor for Harsoria Healthcare’s fund raise from Tata Capital, Radhesham Wellpack’s majority stake sale to JK Paper, and Thomas Assessments India’s acquisition by CIEL HR Services. Candle Partners has a 9-member team based in Mumbai, with the majority of team members bringing a wealth of IB & Big-4 experience.

Website: https://candleadvisors.com/

LinkedIn: https://in.linkedin.com/company/candle-advisors

About VCCEdge

VCCEdge is India’s premier financial research platform providing comprehensive data and insights across Private Equity, Venture Capital, M&A, Equity Capital Markets, and Funds. The platform supports deal origination, valuation, due diligence, and competitive intelligence through detailed company profiles, transaction data, and investor tracking.

LinkedIn: https://www.linkedin.com/company/vccedge1

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Silicon Valley (California) [US] / New Delhi [India], January 19: Kridha Inc., the Stanford University’s award winning startup and backed by Nvidia’s startup arm is building the world’s first “Universal AI Fashion Agent,” today announced the launch of the Kridha Internship Challenge. In a move to democratize access to global opportunities, the Silicon Valley-based startup is opening its doors to students and recent graduates from every recognized institution in India, moving beyond the traditional recruitment focus on only elite colleges.

As India accelerates its journey toward becoming a global AI powerhouse under the government’s ‘IndiaAI Mission,’ Kridha is bridging the gap between Indian talent and Silicon Valley innovation. The program offers nine highly competitive, paid remote internships across AI/Tech, Marketing, and Product tracks, with a total prize pool of ₹1,27,500.

Not A “ChatGPT Wrapper” Unlike the recent wave of generic AI wrappers, Kridha is built on proprietary computer vision algorithms developed by engineers from Stanford and IIT Kanpur. The technology acts as a universal shopping agent, predicting exactly how clothes will fit a user’s unique body type across any website–solving the $1.6 trillion fashion industry’s massive returns problem while boosting conversion rates.

“We are building the intelligence layer for global commerce, not just another chat bot,” said Priyanka Ladha, Founder and CEO. “India has the raw talent to build deep tech for the world. We are looking for builders who want to solve hard engineering problems, not just integrate APIs.”

From Textile Roots to Stanford AI: A Daughter of India Returns The initiative is led by Priyanka Ladha. A graduate of the Stanford Graduate School of Business and currently a student at Stanford Engineering (CS-AI), Ladha’s roots are deeply embedded in India’s textile heritage. Coming from a family with five decades in the Indian textile industry, this 3x Founder has empowered over 100,000 artisans across the country through her previous ventures.

Now, she is bringing the next generation of commerce technology back to her roots.

“We often see Silicon Valley opportunities gated behind prestigious pedigree,” Ladha added. “With this challenge, we are proving that world-class talent exists in every corner of India–from Tier 1 cities to Tier 3 towns.”

The Opportunity for Indian Students The startup has already garnered significant global attention, winning four Stanford Innovation Awards and backed by NVIDIA’s Inception Program, securing $600,000 necessary to train massive AI models.

Selected interns will not be doing coffee runs; they will be writing code, analyzing user behavior, and creating viral content for a product used globally. They will work remotely for three months under the mentorship of a team that includes engineers from Stanford and IIT Kanpur, as well as fashion veterans from the US, UK, and France.

Program Highlights:

  • Roles: AI Tech Intern, Marketing Genie, Product Whizkid.
  • Perks: Paid stipend, ₹1.27 Lakh Prize Pool, Certificate of Excellence.
  • Eligibility: Open to all Indian college students and recent graduates.
  • Deadline: February 10, 2026.

Applications are now open at: www.kridha.ai/interns

About Kridha Inc. Kridha is building the intelligence layer for global fashion commerce. Backed by the Stanford ecosystem and NVIDIA Inception, Kridha’s Universal AI Agent enables shoppers to buy with confidence on over 120+ retailer sites. The company bridges the gap between deep-tech computer vision and consumer utility.

Media Contact:

Name: Anuradha T

Email: hello@kridha.io Website: www.kridha.ai