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Fisdom cofounders to exit Groww a year after deal
Subramanya SV and Anand Dalmia are leaving Groww at the end of a planned one-year transition. The broker will not hire outside replacements for them.
6 Aug 2026 · via EntrackrPB Fintech Q1 profit up 92% YoY, down 37% on quarter
The Policybazaar parent posted Rs 163 Cr in profit for Q1 FY27. The annual comparison is strong. The sequential one is not, and both come from the same set of results.
6 Aug 2026 · via Inc42ITAT: unexercised ESOP buyback gains are capital gains
The Bengaluru bench of the tax tribunal held that money paid when a company repurchases vested but unexercised stock options is taxed as capital gains, not as salary.
6 Aug 2026 · via Inc42Lok Sabha passes bill that enables MDR on UPI payments
The lower house has cleared the Taxation and Other Laws (Amendment) Bill, 2026. It gives the government the power to allow a merchant discount rate on UPI. It does not set one.
6 Aug 2026 · via EntrackrGet My Parking raises Rs 40 cr from IvyCap Ventures
IvyCap Ventures is putting Rs 40 crore into Get My Parking in an extended Series A. The report calls it a flat round, though the figures show a Rs 375 crore valuation against Rs 335 crore last June.
6 Aug 2026 · via EntrackrIxigo Q1 profit up 81% to Rs 34 cr on Rs 357 cr revenue
Ixigo posted Rs 356.75 crore in operating revenue for Q1 FY27 and net profit of Rs 34.34 crore, but gross transaction value grew faster than revenue.
6 Aug 2026 · via EntrackrInstamart bets on exclusive SKUs with Switch to Better
Swiggy is building products that exist only on Instamart, pairing large FMCG names, challenger brands and its own private labels. For brands, the unit of exclusivity is the SKU, not the company.
6 Aug 2026 · via EntrackrShiprocket cuts IPO 31% to Rs 1,617 cr, opens Aug 12
Shiprocket has trimmed its IPO by 31% to Rs 1,617.48 crore ahead of a 12 August open, with FY26 revenue at Rs 2,024 crore and a net loss of Rs 79 crore.
6 Aug 2026 · via EntrackrRiver Mobility raises $120 million in Series C round
River Mobility has raised $120 million in a Series C of equity and venture debt, co-led by Elev8 Venture Partners and Claypond Capital.
6 Aug 2026 · via Inc42Reliance Brands brings Kim Kardashian’s SKIMS to India
Reliance Brands has signed an exclusive partnership to bring Kim Kardashian's SKIMS to India, beginning with stores in Delhi and Mumbai.
6 Aug 2026 · via Inc42Wakefit Q1 profit up 19% as revenue tops Rs 400 crore
Wakefit's June quarter profit rose 19% to Rs 23.4 crore on operating revenue of Rs 404.9 crore, though the sequential comparison is distorted by a one-off tax credit.
6 Aug 2026 · via EntrackrBeardo revenue nears Rs 300 crore, profit up 70% in FY26
Marico-owned Beardo closed FY26 with Rs 299 crore in operating revenue and a 70% jump in profit after tax, funded by a 59.6% rise in advertising spend.
5 Aug 2026 · via Inc42Google Play picks 20 Indian startups for accelerator
Google named 20 startups for the 2026 Google Play Accelerator India cohort, a three-month equity-free programme covering AI integration, app quality, security, growth and monetisation.
5 Aug 2026 · via Inc42Klassroom SME IPO closes at 1.46x subscription
Edtech firm Klassroom closed its BSE SME public issue subscribed 1.46 times, carried by retail investors while institutional buyers took exactly their allocation and no more.
5 Aug 2026 · via Inc42Freshworks turns profitable as revenue hits $237.4M
Freshworks reported a $3.2 million GAAP net profit for the June quarter of CY26, reversing a $1.7 million loss a year earlier, with revenue up 16% to $237.4 million.
5 Aug 2026 · via EntrackrBill opens the door to MDR returning on UPI
A bill introduced in the Lok Sabha on 4 August would let the government decide by notification which digital payment modes stay free of merchant charges. It does not impose MDR on UPI today.
5 Aug 2026 · via EntrackrMapmyIndia Q1 profit up 6% as map revenue stays flat
MapmyIndia grew Q1 FY27 revenue 15% to Rs 139.7 crore, but the entire increase came from hardware while the core map data line held at Rs 114 crore.
5 Aug 2026 · via Inc42LEAP India FY26 profit up 66% to Rs 62 crore, IPO next
Pallet pooling firm LEAP India lifted FY26 net profit 65.7% to Rs 62.3 crore on revenue of Rs 729.5 crore, days before a Rs 2,480 crore public issue opens.
5 Aug 2026 · via EntrackrCapillary revenue up 43% to Rs 257 crore, slips to loss
Capillary Technologies grew Q1 FY27 operating revenue 42.6% to Rs 256.6 crore, but a Rs 33.4 crore fraud charge at its Czech subsidiary pushed the quarter into the red.
5 Aug 2026 · via EntrackrNykaa buys 51% of skincare brand Aminu for Rs 32 crore
Nykaa has approved a 51% buy into Aminu Wellness, a premium skincare label founded in 2019 with Rs 19.4 crore of FY26 revenue, for up to Rs 32 crore in cash.
5 Aug 2026 · via Inc42Elevation sells Paytm shares worth Rs 2,038 Cr
Elevation Capital sold Paytm shares worth Rs 2,038 crore across three tranches at Rs 1,367.8 apiece. Domestic mutual funds and foreign institutions took the stock.
5 Aug 2026 · via EntrackrInRisk Labs raises $27 Mn Series A for reinsurance
InRisk Labs has raised 27 million dollars in a Series A co-led by Bessemer Venture Partners and Northpoint Capital, weeks after its EarthRe unit was licensed as a reinsurer at GIFT City.
5 Aug 2026 · via Inc42Vaaree raises Rs 65 Cr for home decor expansion
Bengaluru home decor marketplace Vaaree has raised Rs 65 crore in a Series A round co-led by Hero Enterprise and Cap Alpha Ventures. The money goes into fulfilment and an AI discovery engine.
5 Aug 2026 · via EntrackrPeak XV, Elevation sell 2.27% Meesho stake
Peak XV Partners and Elevation Capital sold a combined 2.27 percent of Meesho for Rs 1,949.28 crore through NSE block deals. Mutual funds and insurers took the other side.
4 Aug 2026 · via Inc42Tax relief for electronics contract manufacturing extended to 2041
A bill would push a 2031 deadline out by another decade, removing a tax question that has shadowed foreign-owned machinery in Indian factories.
4 Aug 2026 · via EntrackrMintoak buys ICC Loyalty to add rewards to merchant payments
The payments platform used by HDFC, Axis and SBI Payments is adding loyalty technology, taking the combined business past 30 million dollars in revenue.
4 Aug 2026 · via EntrackrAstrotalk Store claims Rs 1 crore daily GMV, adds gemstones
Started with Rs 30 lakh in late 2024, the spiritual products arm now runs at a Rs 1 crore a day rate and is opening a certified gemstones vertical.
4 Aug 2026 · via EntrackrPine Labs starts selling gift cards on Blinkit and Zepto
A payments company has put prepaid cards on ten minute apps, which turns a planned purchase into an impulse one and opens a shelf brands did not have.
4 Aug 2026 · via EntrackrSpinny turns public company with FY26 revenue near Rs 6,000 crore
The used car platform has renamed its parent entity and lined up Kotak, Morgan Stanley and Citi for a listing targeted at CY27.
4 Aug 2026 · via EntrackrMobiKwik returns to profit with Rs 7.6 crore in Q1
Revenue barely moved. Expenses fell 13 percent, and that alone turned a Rs 42 crore loss into a small profit.
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