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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..