Latest news with #AvendusWealth
Economic Times
8 hours ago
- Business
- Economic Times
Cupid shares rally 64% in a week, hit new all-time high of Rs 152. Should you book profits?
Shares of Cupid Ltd rallied 63.7% over the past week to hit a fresh all-time high of Rs 152 on the BSE today, driven by strong technical momentum and rising volumes. The sharp uptrend comes amid consistent buying interest, supported by bullish technical indicators. ADVERTISEMENT Around 10:30 am on Monday, the stock's total traded quantity stood at 6.36 lakh shares, with a turnover of Rs 9.66 crore. The company's market capitalization was at Rs 3,948.84 crore. On Saturday, the company also informed that Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Ltd, featured in Avendus Wealth - Hurun lndia U30 List 2025. 'Cupid Limited, (BSE – 530843, NSE – CUPID), is delighted to announce that its Chairman & Managing Director, Mr. Aditya Kumar Halwasiya, has been named to the Avendus Wealth – Hurun India U30 List 2025. This prestigious accolade recognizes India's most dynamic young leaders under 30 who are driving innovation, transformation, and sustainable growth in their respective fields,' the company's filing to the stock exchanges to Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research at SBI Securities, 'The price has moved up sharply, having risen nearly 34% in just the last 6 trading sessions. The strong move in the price was supported by a rise in volumes as well.' ADVERTISEMENT He added that the stock is trading above its key short and term long moving averages and the momentum indicators and oscillators are also reinforcing the bullish strength. Shah noted that Rs 115 is likely to act as a strong support level for the stock, while a follow-up move from current levels could push the price towards Rs 180, followed by Rs 200 levels in the short term. ADVERTISEMENT Meanwhile, Hardik Matalia, Derivative Analyst at Choice Broking, observed that the shares of Cupid are currently trading around Rs 146.77, hovering at record high levels after delivering a remarkable rally of nearly 165% from its April 2025 noted that the stock has been consistently forming higher highs and higher lows on the daily timeframe, reinforcing its strong bullish structure. ADVERTISEMENT However, Matalia highlighted that with the Relative Strength Index (RSI) at 85.86, the stock is now firmly in the overbought territory, indicating the possibility of an impending time-wise or price-wise correction in the near further pointed out that the stock is trading well above all its key short-term and long-term moving averages, underlining the prevailing strong momentum, but cautioned that such steep rallies often invite consolidation or retracement, especially when momentum indicators are short-term traders, Matalia suggested it 'would be prudent to book profits at current levels and consider re-entering on meaningful dips near support zones, once signs of stability or reversal emerge.' ADVERTISEMENT He also advised long-term investors already holding the stock to 'consider booking partial profits to lock in gains,' while monitoring for any healthy retracement, which could present an opportunity to accumulate further in a staggered manner. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
India.com
3 days ago
- Business
- India.com
Mukesh Ambani and Nita Ambani's son Anant Ambani is again in news, makes it to list of....
Mukesh Ambani and Nita Ambani's son Anant Ambani is again in news, makes it to list of.... Avendus Wealth and Hurun India unveiled the inaugural edition of the Avendus Wealth – Hurun India Uth Series 2025 with the U30 List, recognising 79 outstanding young leaders who are making a significant impact across the Indian economy. This curated list spotlights two categories of pioneers: visionary first-generation founders whose ventures are valued at USD 25 mn or more and dynamic next-generation leaders leading family-owned businesses with valuations of at least USD 50 mn. Mumbai leads the 'Top Represented Cities by U30 Entrepreneurs' list with 15 entrants, including notable names such as Anant Ambani, Aadit Palicha, and Kaivalya Vohra, reinforcing the city's position as India's capital of young leaders. Notably, Maharashtra leads among all states with 21 entrants. In both lists, Reliance Jio's Anant Ambani ranks at the top and also holds the 9th position in the overall main rankings. Anant Ambani, the youngest son of India's richest industrialist, Mukesh Ambani, has been appointed as the Executive Director of Reliance Industries Limited (RIL) on May 1. Besides this, Anant even serves as a Director on the Boards of Jio Platforms Limited since March 2020, Reliance Retail Ventures Limited since May 2022, and Reliance New Energy Limited since June 2021. He has also served on the Board of Reliance Foundation since September 2022. 29-year-old Telecom heir Anant Ambani, who lives in Mumbai, secured the 9th spot out of 79 leaders for offering 'innovative and tech-driven financial solutions.' The firm combines advanced technology with financial acumen to fuel growth, enhance accessibility, and uphold robust governance standards. 22-year-old Aadit Palicha from Mumbai secured the first position. Kaivalya and Aadit co-founded Zepto, transforming India's quick commerce space. Focused on solving hyperlocal delivery challenges, they built a robust platform powered by real-time inventory and efficient logistics. Their 10-minute grocery delivery model quickly gained traction, reshaping urban consumer expectations nationwide. Besides global fame, Anant has been intensely passionate about animal welfare from a very young age and is currently involved with several compassionate initiatives to rehabilitate at-risk animals and providing them care and dignity in their residual life. The Avendus Wealth – Hurun India U30 List reveals several trends across industries, regions and founder/leader profiles: Kaivalya Vohra (22) from Mumbai stands out as the youngest Co-founder this year, behind the rapid rise of the quick commerce startup Zepto. the rapid rise of the quick commerce startup Zepto. With 13 years in business, Ananyashree Birla (30), brings the longest entrepreneurial track record to the U30 List Aravind Srinivas of Perplexity, stands out for his strong digital influence, holding the highest LinkedIn following of 3.8 lakhs The U30 entrepreneurs collectively employ 64,175 employees – a testament to their operational scale and growing impact on the economy Devika Gholap (28) is the youngest woman in this year's U30 cohort and is driving innovation in digital pathology via OptraSCAN With 8 alumni featured, BITS Pilani leads all undergraduate institutions, followed by IIT Roorkee and IIT Delhi with 6 each
Indian Express
3 days ago
- Business
- Indian Express
Hurun India: Top 10 youngest entrepreneurs under 30 in India 2025
Top 10 youngest entrepreneurs under 30 in India 2025: India's startup ecosystem is witnessing a generational shift, as more young founders are breaking away from conventional career paths to build their own ventures. The latest Avendus Wealth–Hurun India U30 List 2025 reflects this changing tide, spotlighting entrepreneurs under the age of 30 who are reshaping industries with fresh ideas and fearless ambition. Leading the list are Kaivalya Vohra and Aadit Palicha, both just 22, and the co-founders of quick commerce platform Zepto, one of the fastest-growing startups in the country. Zepto also tops the funding charts, having raised USD 1.95 billion in equity, followed by AI-based search engine Perplexity, which secured USD 915 million. The list features 79 entrepreneurs, collectively raising USD 5.2 billion in equity and USD 270 million in debt. Of these, 66 are first-generation entrepreneurs, having built their businesses independently, while the rest come from legacy business families. Among the six women on the list, Devika Gholap, 28, is the youngest, recognised for her work in digital pathology through her startup OptraSCAN. Ananyashree Birla, 30, of Svatantra Microfin, brings the most experience to the table with over 13 years in entrepreneurship, while Mihir Menda, 25, represents the global reach of India's entrepreneurial class. Based in Boston, he serves on the supervisory board of RMZ Corporation, one of India's leading real estate firms. Also featured are Anant Ambani, 29, Director at Jio Platforms, and Radhika Ambani, 30, Executive Director at Encore Healthcare, both representing the new wave of leadership in legacy businesses. Below are the top ten youngest entrepreneurs in India, all aged 25 or younger, setting new standards for dedication, resilience, and innovation within the country's evolving startup: Source: Hurun Research Institute, Avendus Wealth – Hurun India U30 List 2025
Time of India
4 days ago
- Business
- Time of India
India's top 10 youngest entrepreneurs: Zepto co-founders lead Hurun Under 30 list 2025
Zepto co-founders The Avendus Wealth–Hurun India U30 List 2025 has recognised 79 of India's most promising entrepreneurs under the age of 30, showcasing the next generation of business leaders across key sectors like technology, finance, retail, healthcare, and consumer goods. Unveiled on Thursday as part of the Uth Series 2025, this first-ever Under-30 edition highlights both first-generation startup founders whose ventures are valued at over $25 million and second-generation entrepreneurs managing family businesses worth more than $50 million. A key highlight of the report is the rise of self-made entrepreneurs in India. Out of the 79 featured, 66 are self-made, reflecting a growing culture of independent innovation and enterprise, reported ET citing Avendus Wealth–Hurun report. Mumbai tops the list with 15 young entrepreneurs, followed by Bengaluru and Delhi. The report also features emerging founders from smaller cities such as Salem, Phagwara, Hubballi, and Ranchi, underlining the expansion of India's startup ecosystem beyond metro areas. Startups, Sectors & scale by U30s The average age of entrepreneurs on the list is 28. Kaivalya Vohra and Aadit Palicha, co-founders of Zepto, are the youngest at 22. Among women, Devika Gholap, 28, founder of OptraSCAN, is the youngest female entrepreneur, recognised for her innovation in digital pathology. In terms of sector-wise distribution, software products and services lead with 21 entrepreneurs, followed by 12 in consumer goods and 9 in financial services. Notably, over 60% of the businesses are service-led, according to the Avendus-Hurun report as quoted by ET. Collectively, these young leaders have raised $5.2 billion in equity and $270 million in debt funding. Their companies employ more than 64,000 people, indicating their large-scale economic impact. The largest employer among them is Svatantra Microfin, founded by Ananyashree Birla, with 23,289 employees. At 30, Birla also has the longest entrepreneurial experience among those listed, with 13 years in the field. List of top 10 youngest entrepreneurs in the U30 List 2025 Name Company Age City Kaivalya Vohra Zepto 22 Mumbai Aadit Palicha Zepto 22 Mumbai AVR Shree Smaran AVR Swarna Mahal Jewellers 22 Salem Arjun Deshpande Generic Aadhaar 22 Thane Shiva A Sankeshwar Vijayanand Travels 23 Hubballi Ujjwal Sukheja Swish 24 Bengaluru Saran S Swish 24 Tiruchirappalli Aniket Shah Swish 25 Ahmedabad Rahul Rawat Digantara 25 Phagwara Mihir Menda RMZ 25 Boston Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
4 days ago
- Business
- Time of India
Under-30 entrepreneurs created over 64,000 jobs in India, raised $5.2 billion in funding: Hurun-Avendus report
Academy Empower your mind, elevate your skills India's youngest founders are not only attracting significant capital but also contributing to large-scale job creation, according to the under-30 list of the Avendus Wealth Hurun India Uth series report, released jointly by Avendus Wealth and Hurun India on Wednesday, features 79 founders and business leaders aged 30 or below. Their companies have collectively raised $5.2 billion in equity and $270 million in debt, and created more than 64,000 the 79 individuals, 66 are first-generation founders, pointing to a growing base of self-made entrepreneurs. BITS Pilani leads all undergraduate institutions with eight alumni on the list, followed by IIT Roorkee and IIT Delhi with six products and services accounted for the largest share with 21 entrepreneurs, followed by consumer goods (12) and financial services (9). Overall, service-led companies made up 61% of the featured businesses, the report noted.'When we look at India as a country, it's a very young economy compared to the rest of the world. The ecosystem is evolving from the kinds of investable companies that are emerging, to how mature the infrastructure and support systems are becoming,' Anas Rahman Junaid, managing director and chief researcher at Hurun India, told ET. 'What we will see in the next 10–15 years is wealth creation across the board in an Indian context, be it family offices, next-gen entrepreneurs, or first-generation entrepreneurs who now have cash flows.' Zepto , the quick commerce startup cofounded by 22-year-olds Kaivalya Vohra and Aadit Palicha, led the list with $1.95 billion in equity raised . It was followed by AI search platform Perplexity, led by Aravind Srinivas, with $915 million, and fintech unicorn BharatPe, cofounded by Shashvat Nakrani, which has secured $604 report also highlights the strategic priorities of the young founders in terms of capital deployment. Nearly 44% of capital raised has been deployed toward product development and expansion, followed by 30% for geographic growth and 12% for talent acquisition.'We've seen a very significant shift in terms of entrepreneurship in India . A bunch of young founders are coming in, and many of them are first-generation entrepreneurs,' said Apurva Sahijwani, MD and CEO, Avendus Wealth. 'It's not that they're coming from established business families; they're taking the initiative to launch their ventures and succeeding because of the investment they're making in terms of their own commitment and effort.'
