VuNet Systems Wins Rs 600 Million in Series B Funding for Expansion

25 Jan 2025 CW Team

VuNet Systems, a provider of AI-driven business journey observability solutions, has raised Rs 600 million in its Series B funding round. The investment was led by Pravega Ventures, with participation from Kotak Securities Limited (KSL) and existing investors Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds. Co-founded by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, each with over 25 years of experience in deep tech enterprise products, VuNet’s platform specialises in ‘Observability for Business Journeys’. The platform connects IT performance directly to business outcomes, providing real-time visibility across complex digital ecosystems. It integrates business, product, and IT teams, fostering transparency, eliminating silos, and ensuring streamlined accountability. Currently, the platform supports over 20 billion transactions monthly for large financial institutions, offering insights into critical operations such as payments and lending. A spokesperson from Pravega Ventures highlighted VuNet's role in strengthening India's payment infrastructure, describing it as essential for financial institutions nationwide. Shripal Shah, MD and CEO of Kotak Securities, praised VuNet’s proven expertise in delivering real-time, actionable insights powered by big data and machine learning. According to Gartner, the IT Operations Management market is projected to reach $81 billion by 2027, driven by the increasing complexity of IT environments and the need to manage hybrid cloud systems. In financial services, business observability is gaining traction for improving operational visibility, accelerating decision-making, and enhancing system reliability.

(Business Standard)

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..