Yugen Infra Invests in Xofy Tech at Rs 900 million Valuation

25 Mar 2025 CW Team

Xofy Tech, the parent company of DMET Club, MarineX, and AviationX, has secured investment from Yugen Infra at a Rs 900 million valuation. The funding will accelerate AI-driven innovations and support its plan for an SME IPO by 2028.

The investment will enhance DMET Club’s alumni engagement and networking, while MarineX and AviationX will advance AI-powered industry solutions. Xofy Tech will also collaborate with the DMET-MERI Ex-Cadets Association to strengthen alumni and industry connections. Additionally, the company, in partnership with Yugen Infra, plans to introduce exclusive real estate solutions for maritime, aviation, and tech professionals.

Sheeshram Yadav, Founder of Yugen Infra, stated, “We are excited to partner with Xofy Tech in redefining digital networking and professional growth for maritime and aviation professionals. Our exclusive real estate solutions provide these communities with unparalleled housing and commercial opportunities, ensuring sustainable growth and industry excellence.”

Prateek Khanna, Founder of Xofy Tech, remarked, “This investment is a powerful endorsement of our vision to revolutionize digital networking and industry-focused platforms. With Yugen Infra’s support, we are scaling DMET Club, MarineX, and AviationX, while fortifying our path toward an SME IPO by 2028. Our commitment to DMECA remains unwavering as we harness technology to amplify alumni engagement and industry collaboration.”

This collaboration marks a significant milestone in Xofy Tech’s journey, reinforcing its commitment to digital innovation and industry transformation with AI-powered solutions.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..