News.

11 Aug 2026 · via Entrackr

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.

2 min read

11 Aug 2026 · via Entrackr

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.

2 min read

11 Aug 2026 · via Entrackr

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.

2 min read

11 Aug 2026 · via Inc42

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.

2 min read

11 Aug 2026 · via Entrackr

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.

2 min read

11 Aug 2026 · via Inc42

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.

2 min read

11 Aug 2026 · via Entrackr

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.

2 min read

11 Aug 2026 · via Entrackr

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.

2 min read

11 Aug 2026 · via Inc42

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.

2 min read

11 Aug 2026 · via Free Press Journal

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.

2 min read

10 Aug 2026 · via Entrackr

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.

2 min read

10 Aug 2026 · via Entrackr

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.

2 min read

10 Aug 2026 · via Entrackr

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%.

2 min read

10 Aug 2026 · via Inc42

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.

2 min read

10 Aug 2026 · via Inc42

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.

2 min read

10 Aug 2026 · via Inc42

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.

2 min read

10 Aug 2026 · via Entrackr

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.

2 min read

10 Aug 2026 · via Entrackr

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.

2 min read

10 Aug 2026 · via Entrackr

Ather pre-orders cross 50,000 a month, capacity lags

Ather Energy is taking over 50,000 pre-orders a month against a plant that can build 35,000. Dealer inventory has fallen to three days and some dealers have stopped taking bookings.

2 min read

10 Aug 2026 · via Entrackr

Benne raises Rs 35 crore led by Claypond Capital

Mumbai dosa chain Benne has raised Rs 35 crore in a pre-Series A led by Ranjan Pai's Claypond Capital, at an estimated Rs 364 crore post-money. No investor holds more than 9% after the round.

2 min read

10 Aug 2026 · via Entrackr

Paper Boat parent profit falls to Rs 2 crore in FY26

Hector Beverages grew FY26 revenue 13.8% to Rs 760 crore, but profit after tax collapsed 96% to Rs 2 crore. The cause sits in a shift from making its own drinks to buying them.

2 min read

10 Aug 2026 · via Entrackr

Bakingo raises Rs 100 crore at Rs 1,643 crore valuation

Faering Capital has put another Rs 100 crore into Bakingo, marking the Gurugram cake brand up 2.6 times to Rs 1,643 crore post-money. No new investor is named in the round.

2 min read

7 Aug 2026 · via Entrackr

Tracxn Posts Rs 3.01 Cr Q1 Loss As Revenue Stays Flat

Revenue slipped 0.6% to Rs 21.08 Cr in Q1 FY27 while costs rose 18.4%. Payroll alone, at Rs 21.98 Cr, now exceeds what the business earns.

2 min read

7 Aug 2026 · via Entrackr

Piper Serica Announces Rs 300 Cr First Close For Fund II

Bharat Tech Fund has Rs 300 Cr committed against a Rs 800 Cr target, 45 days after launch. It can start investing, but the raise is not finished.

2 min read

7 Aug 2026 · via Entrackr

Shiprocket IPO Splits Cap Table: 78X For Early Backers

At Rs 97 a share, the same exit pays 500 Global 77.6X and leaves Lightrock, AFOS and Moore Strategic Partners below cost. Entry year decided it.

2 min read

7 Aug 2026 · via Inc42

Ixigo Falls 13% After Strong Q1, JM Financial Cuts Target

Record revenue and an 81% profit jump did not hold the stock up. Ixigo fell as much as 13.6% and JM Financial cut its target price to Rs 200.

2 min read

7 Aug 2026 · via Entrackr

BlackSoil funds Rs 80 Cr debt for Mintoak buyout

Mintoak bought ICC Loyalty with borrowed money, not equity. BlackSoil put up Rs 80 crore, and the reason it could is written into Mintoak's margin.

2 min read

7 Aug 2026 · via Entrackr

PayGlocal lines up funding at $120 Mn valuation

PayGlocal's board has approved a Rs 36.38 crore raise from existing backer BEENEXT at a Rs 1,140 crore post-money valuation. The round is set up, not confirmed closed.

2 min read

7 Aug 2026 · via Inc42

RBI bars lenders from locking borrower devices

The Reserve Bank of India has barred regulated entities from disabling a borrower's phone, tablet or laptop to recover a loan. One narrow exception survives, and the rules start in 2027.

2 min read

7 Aug 2026 · via Entrackr

super.money launches splitStore instalment marketplace

super.money has opened an in-app marketplace where users buy in instalments with no credit card, no processing fee and no interest. The catalogue runs to more than 60 lakh products.

2 min read

7 Aug 2026 · via Entrackr

Nazara approves Rs 733.5 Cr issue, CEO to get 4.67%

Nazara's board has approved a preferential share issue worth up to Rs 733.5 crore at Rs 306 apiece, with incoming chief executive Raymond Albaladejo Stauffer taking a 4.67 percent stake.

2 min read

7 Aug 2026 · via Inc42

Klassroom lists at 6.92% premium, closes up 5%

Fusion Klassroom Edutech opened at Rs 170 on the BSE SME platform, a 6.92 percent premium to its issue price, and closed its first session at Rs 166.75.

2 min read

7 Aug 2026 · via Entrackr

Ola Electric revenue falls 45% as loss narrows 21%

Ola Electric's Q1 FY27 revenue fell 45 percent while its net loss narrowed 21.1 percent. Both moved down for the same reason: the cost base was cut harder in rupee terms than the topline fell.

2 min read

7 Aug 2026 · via Entrackr

BlissClub raises Rs 160 crore to scale offline retail

BlissClub has raised Rs 160 crore in a Series B led by Singularity AMC, with the money earmarked for new categories and a bigger store network. FY25 revenue grew 51 percent to Rs 131.5 crore while losses more than halved.

2 min read

6 Aug 2026 · via Inc42

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.

2 min read

6 Aug 2026 · via Entrackr

PB 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.

2 min read

6 Aug 2026 · via Inc42

ITAT: 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.

2 min read

6 Aug 2026 · via Inc42

Lok 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.

2 min read

6 Aug 2026 · via Entrackr

Get 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.

2 min read

6 Aug 2026 · via Entrackr

Ixigo 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.

2 min read

6 Aug 2026 · via Entrackr

Instamart 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.

2 min read

6 Aug 2026 · via Entrackr

Shiprocket 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.

2 min read

6 Aug 2026 · via Entrackr

River 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.

2 min read

6 Aug 2026 · via Inc42

Reliance 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.

2 min read

6 Aug 2026 · via Inc42

Wakefit 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.

2 min read

6 Aug 2026 · via Entrackr

Beardo 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.

2 min read

5 Aug 2026 · via Inc42

Google 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.

2 min read

5 Aug 2026 · via Inc42

Klassroom 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.

2 min read

5 Aug 2026 · via Inc42

Freshworks 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.

2 min read

5 Aug 2026 · via Entrackr

Bill 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.

2 min read

5 Aug 2026 · via Entrackr

MapmyIndia 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.

2 min read

5 Aug 2026 · via Inc42

LEAP 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.

2 min read

5 Aug 2026 · via Entrackr

Capillary 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.

2 min read

5 Aug 2026 · via Entrackr

Nykaa 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.

2 min read

5 Aug 2026 · via Inc42

Elevation 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.

2 min read

5 Aug 2026 · via Entrackr

InRisk 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.

2 min read

5 Aug 2026 · via Inc42

Vaaree 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.

2 min read

5 Aug 2026 · via Entrackr

Peak 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.

2 min read

4 Aug 2026 · via Inc42

Tax 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.

2 min read

4 Aug 2026 · via Entrackr

Mintoak 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.

2 min read