Gravitywell.Research
Updates · Point-in-time

What changed, dated.

Every dated change on the platform: rating actions, index vintages, new reports, magazine issues and dataset expansions, in one feed. Point-in-time: entries are never silently restated.

2026-09-07Capital Axis: August 2026→India's loudest exit month of 2026 — record block volume, the busiest IPO month of the year — and just 5.3% of the realised value came from
2026-08-24India's Private Credit Is Half Domestic→Domestic managers now write three of every four rupees of large-ticket credit in India, and did so in the same half-year that global private
2026-08-20India's Revolving Credit→On 6 Aug 2026 the Reserve Bank proposed deleting the redraw: non-banks may lend term, or not at all, and comments close on the 28th. Nobody
2026-08-15Elevation Capital: 76→Raised 74 → 76: Fund IX closed at $500M (Jul) resolving the franchise-identity question the score discounted (capital velocity 70 → 76), and
2026-08-15Peak XV Partners: 78→Raised 77 → 78 on continued realisation cadence: Turtlemint OFS (~₹66 Cr, Jun) and the joint ₹1,949 Cr Meesho block (5 Aug) keep converting
2026-08-15Accel India: 77→Raised 76 → 77: Fund IX closed at $550M on 11 Aug 2026, oversubscribed within weeks and just 19 months after Fund VIII — ~$1.2bn raised for
2026-08-15Z47: 60→Cut 62 → 60 on franchise stability: MD Sudipto Sannigrahi exited mid-fundraise (after Pranay Desai, Dec 2025) and Tarun Davda has confirmed
2026-08-15Together Fund: 66→Raised 65 → 66: Emergent closed a $130M Series C at $1.5bn on 15 Jul — a unicorn a year post-first-cheque and the operator-LP model's proof
2026-08-15ChrysCapital: 81→Raised 80 → 81: Novartis India control completed 30 Jul (₹1,446 Cr, first majority pharma deal) and the NSE IPO — the resolution event for I
2026-08-15Temasek (India): 83→Raised 82 → 83 on the Manipal listing (5 Aug, +11% day one, ₹9,275 Cr issue): exit-realisation dimension 85 → 87. The control-to-listed conv
2026-08-15India · Sovereign: Affirmed→G2 (Strong), outlook Positive affirmed through the second oil shock: CPI above target (4.45%) and a record June trade gap are cyclical; the
2026-08-15Healthcare Services & Medtech · Sector: Affirmed→G3 (Sound) affirmed on a material event: Manipal, the sector's largest platform, listed 5 Aug at +11% and held its premium — the valuation-c
2026-08-15Quick Commerce · Sector: Placed on watch (Negative)→Zepto postponed its ₹11,000-12,000 Cr IPO by ~2-3 quarters on 1 Aug 2026 after domestic institutions bid only ~$4.5bn against the $7bn priva
2026-08-15G-secs / duration: Stance revised to Constructive from Overweight→The June Overweight assumed the truce would hold and disinflation would resume; the ceasefire broke, July CPI printed a 19-month-high 4.45%,
2026-08-15Corporate / private credit: Affirmed→Constructive affirmed: 18.3% credit growth (two-year high) with stable AAA spreads is the strongest credit tape of the cycle; the caveat mov
2026-08-15Indian equities: Affirmed→Neutral affirmed: the FPI return and the reopened IPO window argue up, the widened yield gap and $90-105 oil argue down. Q2 FY27 earnings ar
2026-08-15Gold: Stance revised to Constructive from Neutral→The June Neutral leaned on the truce holding; it did not. With Hormuz contested, gold near records ($4,377) and DXY easing, the hedge earns
2026-08-15Indian rupee: Affirmed→Underweight affirmed: the truce-driven relief the July review flagged has fully reversed; the rupee is back within 1.5% of its record low wi
2026-08-14The Exit Window→India has assembled the largest exit queue in its market's history: ₹4.7 trillion of intended share sales across 238 filings, opening onto a
2026-08-13All 11 indices + Cycle Clock advanced to the July 2026 vintage→CFI 154.1 (+1.0% MoM; equity pillar capped on the ₹52,300 Cr July primary-market month), CSI −1.8% and EVI −6.6% as FPIs turned buyers (+₹20,199 Cr), FCI loosened −5.8%. Clock: Peak/Late-cycle, fragility easing. May–Jun revisions to FDI and RBI consumer-confidence pillars logged in methodology §6.
2026-08-13Macro indicator board refreshed to 13 August 2026→July CPI 4.45% (19-month high, above target), Aug MPC hold at 5.25% with FY27 growth raised to 6.7%, June IIP +7.3%, GST ₹2.11 lakh cr (+15.4%), G-sec 6.85%, rupee ~95.4, reserves $692.9bn. Second Hormuz shock: Brent $105 peak 23 Jul.
2026-08-13Full 46-firm GP book reviewed and restamped to August 2026→Seven GP Score actions (Temasek, Elevation, Accel, Peak XV, Together, ChrysCapital up; Z47 down on senior churn); Elevation Fund IX $500M and Accel Fund IX $550M closes vs six raises past guidance; ReNew take-private re-signed at $7.02 (ADIA); Cult.fit DRHP; ₹1tn RDI Fund shortlists Kalaari, Chiratae, Speciale. Every dossier's watch list worked; corrections logged in place.
2026-08-13VC intelligence and IPO pipeline: the August tape→Manipal listed 5 Aug at +11% (Temasek GP Score 82→83); Zepto postponed its IPO ~2-3 quarters (quick commerce placed on Negative watch); CRED re-marked at $4.5bn by Meta's $900M Series H; Razorpay targets end-2026. Market pulse restamped August 2026.
2026-08-08Capital Axis: July 2026→The Fed held for a fifth straight meeting and the bond market tightened anyway, one of the sharpest inter-meeting moves in two decades. The
2026-07-27India's Global Capability Centres→India's 2,117 offshore centres run $98.4bn of the world's corporate work, and revenue now compounds twice as fast as the centre count becaus
2026-07-15G-secs / duration: Reviewed→Affirmed Overweight: the post-war oil collapse strengthens the disinflation-and-duration case.
2026-07-15Corporate / private credit: Reviewed→Affirmed Constructive: spreads held through the shock; watch FY27 credit-growth moderation.
2026-07-15Indian equities: Reviewed→Affirmed Neutral: post-war relief rally, but the yield gap and FPI stance still cap it.
2026-07-15Gold: Reviewed→Affirmed Neutral: the post-truce risk-on trims the safe-haven bid; structural demand intact.
2026-07-15Indian rupee: Reviewed→Affirmed Underweight, but the acute-stress case eased: recovery from the record low on the 19-June truce.
2026-07-04Coverage expanded to 46 capital providers across four desks→Growth & buyout (Kedaara, ChrysCapital, True North, Multiples), sovereign (Temasek, GIC, ADIA) and private credit desks join the equity league; company pages, capital graph and data exports shipped.
2026-07-03VC Firms coverage expanded to 16 franchises→Nine dossiers added (WestBridge, Bessemer, Z47, Kalaari, Chiratae, A91, Stellaris, Fireside, General Catalyst India) plus contested positions, IPO pipeline and per-firm watch lists.
2026-07-03Site-wide search, persona guides and this updates feed shipped→⌘K search across firms, companies, indices and ratings; /for guides for LPs, GPs, hedge funds and governments.
2026-07-03Ratings vintage refreshed→Capital stances and sub-sovereign outlooks reviewed against July 2026 conditions; Philippines peer outlook corrected to Positive.
2026-07-01All 11 indices + Cycle Clock actualised to the June 2026 vintage→Market-tail actualisation across the index family (v3.2); ISM 2.0 funding and CG Semi commercial shipments reflected in sector scorecards.
2026-07-01India's Financial Operating System→India built the world's most complete digital public infrastructure and priced the rails at zero, so the economic rent migrated to a handful
2026-07-01Capital Axis: June 2026→In one June week, four central banks turned hawkish even as oil collapsed. That was the month the disinflation era ended, and India, hit har
2026-06-19The $7 Trillion Paradox→Blended finance that genuinely mobilizes private capital runs at ~$18bn a year against a ~$4tn SDG gap: a 1–2% answer. Where the leverage wo
2026-06-15India · Sovereign: Initiated→Inaugural G2 (Strong), outlook Positive: ahead of agencies' Stable on the growth-and-consolidation trajectory.
2026-06-15Gujarat · State: Initiated→Inaugural G2 (Strong), outlook Positive.
2026-06-15Maharashtra · State: Initiated→Inaugural G2 (Strong), outlook Stable.
2026-06-15Karnataka · State: Initiated→Inaugural G3 (Sound), outlook Stable.
2026-06-15Tamil Nadu · State: Initiated→Inaugural G3 (Sound), outlook Stable.
2026-06-15Uttar Pradesh · State: Initiated→Inaugural G4 (Adequate), outlook Positive.
2026-06-15Defence & Aerospace · Sector: Initiated→Inaugural G3 (Sound), outlook Positive.
2026-06-15Healthcare Services & Medtech · Sector: Initiated→Inaugural G3 (Sound), outlook Positive.
2026-06-15Data Centers · Sector: Initiated→Inaugural G3 (Sound), outlook Positive.
2026-06-15Fintech & Financial Infrastructure · Sector: Initiated→Inaugural G3 (Sound), outlook Stable.
2026-06-15Space Tech · Sector: Initiated→Inaugural G3 (Sound), outlook Positive.
2026-06-15AI: The India Stack · Sector: Initiated→Inaugural G3 (Sound), outlook Positive.
2026-06-15EV & Battery Ecosystem · Sector: Initiated→Inaugural G4 (Adequate), outlook Developing.
2026-06-15Semiconductors · Sector: Initiated→Inaugural G4 (Adequate), outlook Stable.
2026-06-15Quick Commerce · Sector: Initiated→Inaugural G4 (Adequate), outlook Developing.
2026-06-15Quantum Computing · Sector: Initiated→Inaugural G4 (Adequate), outlook Developing.
2026-06-15Data-Centre Exposure Basket: Initiated→Inaugural G3 (Sound), outlook Stable.
2026-06-15Semiconductor Exposure Basket: Initiated→Inaugural G4 (Adequate), outlook Stable.
2026-06-15Space-Tech Exposure Basket: Initiated→Inaugural G4 (Adequate), outlook Stable.
2026-06-15Quantum Exposure Basket: Initiated→Inaugural G5 (Speculative), outlook Negative.
2026-06-15G-secs / duration: Initiated→Inaugural stance (Jun 2026 vintage).
2026-06-15Corporate / private credit: Initiated→Inaugural stance (Jun 2026 vintage).
2026-06-15Indian equities: Initiated→Inaugural stance (Jun 2026 vintage).
2026-06-15Gold: Initiated→Inaugural stance (Jun 2026 vintage).
2026-06-15Indian rupee: Initiated→Inaugural stance (Jun 2026 vintage).
2026-06-03Capital Axis: May 2026→A ₹2.25 lakh crore foreign exodus meets a $210bn sovereign-compute pledge: the bifurcation that defines India's 2026.
2026-05-01The Sovereign AI Race→Who controls the compute, the models, and the energy behind national AI ambition, and where the capital is moving next.
2026-04-12India Data Center Intelligence→A 23-page deep dive into India's data center buildout: capacity, power, land, and the investment pipeline reshaping the subcontinent.
2026-03-20India PLI Analysis→Production Linked Incentives, promise versus delivery: sector scorecards, FDI flows, and where the scheme actually moved the needle.
2026-02-28Make in India vs China+1→The comparative manufacturing thesis: where India wins, where it lags, and what the China+1 reallocation really looks like on the ground.
Stay ahead

Every update, the moment it publishes.

New reports and coverage updates. No spam. Unsubscribe anytime.