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Mukesh Ambani: India’s Richest Man For The Tenth Year

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The success stories of Indian entrepreneurs continues to scale new heights. India’s economic growth slowed down this year due to Demonetization and the nationwide roll out of the GST. But, according to Forbes India’s 100 Rich list, the combined wealth of the nation’s 100 richest people reached a staggering $ 479 billion despite the slump in growth.

Several newcomers were added to this years list including O.P. Jindal group’s Chairperson Savitri Jindal and biotechnology pioneer Kiran Mazumdar-Shaw. However, one name has topped the list of India’s richest people a multiple number of times. The Chairman and Managing Director of Reliance Industries, Mr. Mukesh Ambani cemented his decade long hold on the number 1 spot by adding a staggering $ 15.3 billion to his net worth. His net worth swelled to $38 billion, making him one of Asia’s top five richest persons. According to Forbes, Ambani’s shares were boosted due to Reliance Jio’s unmatched success since it’s launch in 2016. At present, the telecom giant has close to 130 million registered customers.

Younger brother and chairman of the Reliance Group, Anil Ambani, was ranked much lower at 45th place with a net worth of $ 3.15 billion. Reliance, which was founded by business tycoon Dhirubhai Ambani, was divided between the two brothers after the demise of their father in 2002. Since then, Mukesh Ambani has run the oil and gas giant Reliance Industries while Anil Ambani runs his separate empire in telecom, financial services, media and infrastructure industries.

Azim Premji took up the second spot on the list, moving up two places from last year, with a net worth of $ 19 billion. The Hinduja family, which comprises of the four brothers Srichand, Gopichand, Prakash and Ashok Hinduja, take up the third position with a combined net worth of $ 18. 4 billion. The multinational conglomerate Hinduja Group’s business ranges from trucks and lubricants to banking and cable television.

This year, seven women joined India’s Richest list with Savitri Jindal taking up the highest position at the 16th spot with a net worth of $ 7.5 billion. The co founder of Yes Bank, Rana Kapoor along with Dinesh Nandwana of the egovernance services firm Vakrangee and the founder of the digital wallet Paytm, Vijay Shekhar Sharma were the newest entrants. 

Watch the success story of India’s richest man Mukesh Ambani here –

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings

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Regional OTT platform STAGE has successfully raised $12.5 million in its Series B funding round, a move that highlights the increasing demand for regional content in India. The round was co-led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and several angel investors.

The funding includes $10 million in primary capital and $2.5 million from secondary share sales, allowing early investors to partially exit. This capital will enable STAGE to enhance its content offerings, particularly in underserved languages like Bhojpuri, while strengthening its technological capabilities.

 

Since its launch in 2019, STAGE has quickly established itself as a leader in the regional OTT market, reporting an Annual Recurring Revenue (ARR) of ₹180 crore (approximately $21.7 million) and over 4.4 million paying subscribers. The platform has achieved over 20 million app installs and experienced significant growth, with a 289% increase in revenue and a 286% rise in subscribers over the past year, driven by original series such as Videshi Bahu, Kaand 2010, and Bhawani.

 

CEO Vinay Singhal emphasized that this funding is not just financial support but a validation of India’s diverse regional cultures. He noted that dialects like Haryanvi and Bhojpuri should be celebrated rather than viewed as liabilities. With this new funding, STAGE plans to further invest in content creation and technology development to enrich its storytelling experience.

 

As the demand for regional language content continues to grow, STAGE’s strategic investments position it well to expand into more languages and cultural narratives, solidifying its place in the competitive OTT landscape alongside platforms like aha video and Chaupal.

 

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From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

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Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

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