News.

The Bear House reports 5X conversions with Glance AI agent

Dogsee Chew refused a UK ask to drop its Made in India label

Emami growth chief: use influencers only after product market fit

Hammer picks cables over premium headphones for quick commerce

Bobble AI enters insolvency over Rs 5.77 Cr debt default

NeoGeo raises $20 Mn Series A for geospatial stack

DSP Finance acquires Volt Money to add loans against funds

KKR signs deal for minority stake in BookMyShow

NoPaperForms FY26 profit hits Rs 11.9 Cr, helped by a tax credit

upGrad crosses Rs 2,000 Cr gross revenue, EBITDA up about 8X

MobiKwik puts Rs 60.85 Cr into its lending arm, names a CBO

Razorpay launches Vulcan, a model trained on 4 billion payments

Butterfly Learnings raises Rs 65 Cr in pre-Series B round

DeHaat’s Honest Farms raises Rs 35 Cr pre-Series A round

Milky Mist lists at Rs 165, a 17.86% premium to issue price

Manyavar says algorithms take 70-75% of its retail decisions

Mirae Asset marks first close of MAVOF II at Rs 1,125 Cr

Centricity raises Rs 280 Cr Series A led by SMBC Asia Rising Fund

Bank of America to buy up to 49.9% of Jio Credit for $1.9 Bn

Infra.Market proposes reverse listing via Shalimar Paints swap

IndiQube Q1 FY27: loss narrows to Rs 23.88 Cr, revenue up 37%

Amagi Q1 FY27: profit Rs 33.9 Cr, but down from Q4

Yatra Q1 FY27: profit down 97.9% as bookings rise 16.5%

Lenskart Q1 FY27: profit 3.7X to Rs 228 Cr, revenue up 43%

Scrubsy raises Rs 27 Cr: home care is a pack architecture game

Astrotalk hits $1 Bn on $34 Mn raised: the ratio is the story

Uber Bike adds 100 cities: rider supply just got deeper

5.1 lakh ecommerce complaints in 2025: fulfilment is the fault line

Mobavenue AI Q1 profit up 94% to Rs 11.7 crore

Mobavenue AI Tech sells performance advertising to banks, fintechs and consumer brands. Its June quarter numbers are a readable proxy for how hard those brands were spending on user acquisition.

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AvenuesAI Q1 profit up 45% as payments revenue doubles

AvenuesAI, the CCAvenue owner formerly known as Infibeam Avenues, more than doubled operating revenue in Q1 FY27. Profit grew far slower than the top line, which is what a payments book usually looks like.

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GST boost to insurance demand fades at Policybazaar

PB Fintech management says the GST-led surge in insurance demand already started fading in Q1 FY27. The quarter still printed 40 percent revenue growth. The question is what happens when the tailwind stops.

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Ola Electric gets five-year PLI window for cell unit

The Ministry of Heavy Industries has revised the PLI timelines for Ola Cell Technologies, giving it a five-year window through 2031 and access to incentives of up to Rs 7,240 crore. The window is granted. The money is not yet received.

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Vecton AI raises Rs 6 Cr pre-seed led by Zeropearl VC

Vecton AI, a Bengaluru startup building compliant AI and agent systems for banks and insurers, has raised Rs 6 crore in pre-seed funding.

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Table Space FY26 revenue Rs 2,262 Cr, EBITDA up 88%

Table Space grew FY26 operating revenue 66% to Rs 2,262 crore and EBITDA 88% to Rs 1,168 crore, while net loss narrowed 74% to Rs 403.35 crore.

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slice posts Rs 51 Cr profit in Q1 FY27, income up 38.6%

slice reported Rs 50.9 crore of net profit in Q1 FY27, more than it made across the whole of FY26, on total income of Rs 413.8 crore.

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Accel closes $550 Mn ninth India early-stage fund

Accel has raised a $550 million India fund, its ninth early-stage vehicle for the country, taking what it has raised for India to $1.2 billion in 18 months.

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Yulu raises $93 Mn Series C led by GEF Capital

Electric mobility platform Yulu has raised $93 million in Series C, splitting $63 million of equity led by GEF Capital Partners with $30 million of debt, to take its fleet from 50,000 vehicles to 200,000.

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Shiprocket nets Rs 727.4 Cr from anchor investors

Shiprocket raised Rs 727.4 crore from anchor investors at the top of its price band, with domestic mutual funds taking two thirds of the book. The Rs 1,617 crore IPO opens today.

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Porter posts Rs 6,650 Cr FY26 revenue, profit up 4x

Intracity logistics platform Porter grew operating revenue 54.4% to Rs 6,650 crore in FY26 and more than quadrupled net profit to Rs 229 crore, on a cost base that is 90% fleet operator payouts.

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Karnataka FDA seals Zepto warehouse in Bengaluru

Karnataka's food safety department has sealed a Zepto warehouse in Hoskote over labelling, misbranding and hygiene violations, one day after the Maharashtra FDA suspended a Blinkit dark store licence in Mumbai.

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GalaxEye acquires spacecraft engineering firm StarOps

The earth observation startup buys a Bengaluru satellite platform company. Deal value was not disclosed.

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Lightspeed leads $9 million seed in Discovered Materials

The deep tech startup is building thermal materials for AI chip packaging. Y Combinator, Peak XV and Paul Graham joined the round.

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ideaForge revenue up over 5X to Rs 69 crore in Q1 FY27

The drone maker grew 436.6% against a very weak base quarter. Sequentially, revenue is down about 51 percent.

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FreightFox raises Rs 5 crore pre-Series A led by HighLeaf

The Pune freight software company has now raised Rs 11.5 crore in total since 2020. No valuation was disclosed.

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Ayati Devices raises Rs 15 Cr led by Inflexor

Bengaluru medtech startup Ayati Devices has raised Rs 15 Cr in a pre-Series A led by Inflexor Ventures, seven years after it was founded and with no valuation disclosed.

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Table Space files DRHP for Rs 800 Cr fresh issue

Managed workspace provider Table Space has filed its DRHP with SEBI, pairing a Rs 800 Cr fresh issue with a 6.55 Cr share offer for sale led by Hillhouse.

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Bernstein lifts Paytm target to Rs 2,200 on MDR

Bernstein has put a number on the UPI MDR revenue pool, and for merchants that number is a cost estimate wearing an upgrade's clothing.

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Taxation bill clears Parliament, UPI MDR rate unset

The Rajya Sabha passed the taxation bill by voice vote on 10 August, finishing Parliament's part of the UPI MDR story and leaving every operative detail to a committee that has not met a decision.

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Redcliffe Labs buys Pune’s Megavision for Rs 40 Cr

Redcliffe Labs has acquired Pune-based Megavision Diagnostics for about Rs 40 crore, adding two MRI-equipped imaging centres to a network built on pathology. The company says the existing workforce will be retained.

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Capillary promoter sells 4.14% stake for Rs 171.5 Cr

Capillary Technologies Pte Ltd has offloaded 32.92 lakh shares of Capillary Technologies through a bulk deal on the BSE, cutting promoter holding to 44.78% from 48.92%. Buyers were not disclosed.

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Inside quick commerce’s festive dark store stock-up

Quick commerce enters the festive quarter with about 6,280 dark stores and roughly 1,255 orders per store a day, and Redseer data shows non-grocery volumes growing 1.6X faster than grocery. The constraint brands face is shelf space, not listings.

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Maharashtra FDA suspends Blink Commerce food licence

The Maharashtra FDA has suspended the food licence of Blink Commerce for a Malad West unit in Mumbai under Section 32(3) of the Food Safety and Standards Act, 2006, after an inspection recorded cockroach infestation, expired and tampered stock, and failures in FIFO and FEFO rotation.

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Indian startups raise $383.5 Mn in week to Aug 08

Weekly funding jumped 4.7x on a thin base, with one mobility round taking roughly a third of the total and consumer brands almost absent.

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Aum Ventures makes Rs 225 Cr first close of Fund II

India Innovation Fund II has Rs 225 crore committed against a Rs 750 crore target, with more than 65% of that money coming from international LPs.

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Easebuzz revenue hits Rs 716 Cr, profit falls 42%

The payment aggregator grew revenue 9.1% in FY26 but expenses rose faster, cutting profit to Rs 11 crore and EBITDA margin to under 2%.

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PCI rules out consumer charges on UPI payments

The Payments Council of India, an industry body and not a regulator, said UPI stays free for consumers and small merchants. No rate has been notified.

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Zostel withdraws Delhi HC plea on OYO IPO disclosures

One procedural track closes in the long running Zostel and OYO dispute. The substantive appeal stays pending before the Delhi High Court.

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CARS24 puts $5 Mn into enterprise AI firm Deployment

CARS24 is selling the AI capability it built for itself. Deployment Inc launches with $5 million, 50 engineers to hire, and one customer.

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AI search cuts Shiksha billings 22.8% in Q1 FY27

A real Indian business just put a number on AI search. Info Edge's education unit lost 22.8% of billings while every other unit grew.

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Delhivery revenue up 27.8%, profit falls 64.8% in Q1

Delhivery grew the top line by more than a quarter in Q1 FY27 and still lost two thirds of its profit. Freight cost grew faster than revenue.

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