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Meet Radhakishan Damani: India’s Warren Buffet Who Became A Billionaire Overnight

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Known as “India’s Warren Buffet,” Radhakishan Damani was a not such a popular name till yesterday. Back to the year 2000, he founded the supermarket retail chain D-Mart, and this now valued at above $6 billion (approximately Rs. 40,000 crores) and this makes him richer than Anil Ambani and Rahul Bajaj.

Radhakishan had no intentions to enter the stock market. He started his career as a simple trader in a small ball bearings company until he was forced to shut down his business and join his brother’s stockbroking firm.

Getting inspired from Chandrakant Sampat, the ace investor, Damani went on to formulate a strategy of his own. From the beginning, he used to believe in long term results. This helped him achieve which is not so possible for a common man. Within a short span of time, he went on to the big league of Dalal Street in Mumbai. Eventually, he created a massive fortune in the early 1990s.

For his all time because of white and white get up, he was known as Mr. White. It was in the late 90s people came to know about his rivalry with Harshad Mehta who was also a Dalal Street giant. He eventually won the battle to become the legend in the stock market investors society.

According to the reports of The Times Of India, this 61 year old Radhakrishnan now owns 82.36 % of the parent company Avenue Supermarts. His wealth now is estimated around Rs. 32,934 crores. Besides these, he has stakes in Jay Shree Tea, GE Capital Transportation Industries, Sundaram Fasteners, Samtel Ltd., Somany Ceramics, VST Industries, TV 18 and also 3M India.

The D-Mart supermarket chain is now completely owned and marketed by Avenue Supermarts Limited (ASL.)

Radhakishan is now worth $5.4 Billion (Rs. 35,775 crores) which pushes him to the list of top 15 Indian billionaires globally.

Now hailed as the Warren Buffet of India, Radhakishan Damani properties include the 156 room Radisson Blu Resort in Alibag and also a popular beach front getaway near Mumbai. Damani stands as a source of inspiration for many in the country.

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PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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