Signals
Policy, funding and market moves — each mapped to its downstream effect on the portfolio
Pulled from public regulatory and market sources — RBI, MeitY, SEBI, GSTN, NHA and the market press — then mapped to the portfolio companies each move actually touches. Every card links back to its source.
US–India trade deal cuts India's reciprocal tariff from 50% to 18%
Interim US–India agreement removes the additional 25% penalty and lowers India's reciprocal tariff to 18%, with India cutting duties on US goods.
ForgeMetrixLower tariff drag strengthens the export economics behind the US expansion — accelerate the Fortune 500 pilotsKaaryaAIIndia+1 manufacturing tailwind: SME plants scaling output need shopfloor telemetryMeitY notifies the Digital Personal Data Protection Rules, 2025
Operationalises the DPDP Act 2023 with an ~18-month phased rollout — consent & notice, 72-hour breach reporting, retention/deletion, and the Data Protection Board.
StyleLoomConsumer PII across retail integrations — new consent + breach-reporting obligations; audit this quarterAgentGridEnterprise agent-governance story gets a hard regulatory driverFundPortfolio-wide compliance cost rises — factor into diligence and reservesCDSCO draft guidance on Medical Device Software covers AI/ML SaMD
Risk-based Class A–D framework distinguishing SaMD from SiMD, aligned with IMDRF, with algorithm change-management expectations for AI/ML software.
NidaanAIClarifies the licensing path for the diagnostic-AI product — de-risks the regulatory roadmapSwasthOSAI change-control burden rises for any clinical-AI module in the ops stackRBI (Digital Lending) Directions, 2025 consolidate the DLG/FLDG rules
Single rule-book (effective 8 May 2025) folds in the Default Loss Guarantee framework with a 5% portfolio cap, borrower disclosures, cooling-off and data-protection mandates.
CredArc5% FLDG cap sets the compliance perimeter — model exposure before Series B pricingVaultRailCompliance-rail demand rises with every RBI tightening cycleGST 30-day e-invoice reporting extended to ₹10 crore turnover firms
From 1 Apr 2025, firms with ₹10Cr+ aggregate turnover must report e-invoices to the IRP within 30 days or the portal rejects IRN generation.
PortLinkTighter invoicing timelines expand demand for automated EXIM/AR + GST-compliance toolingTasteGraphCleaner invoice-level data upstream — a new demand signal for D2C brandsSEBI modifies the AIF investment-portfolio valuation framework
Prescribes MF-regulation norms for eligible securities and IPEV Guidelines for unlisted holdings, with independent-valuer eligibility and a 7-month reporting window.
FundDirectly governs how the fund marks and reports portfolio NAV to LPs — formalize the markup policy