The India business wire

News.

What moved in Indian commerce and business, read the way an operator reads it. Sourced from the reporting that matters, decoded for the people who have to act on it.

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

4 Aug 2026 · via Entrackr

Astrotalk 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.

2 min read

4 Aug 2026 · via Entrackr

Pine 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.

2 min read

4 Aug 2026 · via Entrackr

Spinny 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.

2 min read

4 Aug 2026 · via Entrackr

MobiKwik 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.

2 min read

4 Aug 2026 · via Entrackr

MakeMyTrip profit falls 65% as finance costs triple

Revenue grew and profit did not. A rupee that fell more than 10 percent and interest on convertible notes did most of the damage.

2 min read

4 Aug 2026 · via Entrackr

Ather jumps 18% to a record after Q1 revenue rises 89%

The scooter maker turned EBITDA positive for the first time and the market re-rated it in a day. Three brokerages now sit between Rs 1,450 and Rs 1,714.

2 min read

4 Aug 2026 · via Entrackr

Superleap raises Rs 36 crore from Peak XV’s Surge

Three former Unacademy operators are building an AI CRM for revenue teams, and have signed Razorpay and MediBuddy while still under two years old.

2 min read

4 Aug 2026 · via Entrackr

Stable Money opens Series C at a 264 million dollar value

The fixed income platform has raised again within six months, at a valuation 56 percent higher, entirely from investors already on the cap table.

2 min read

4 Aug 2026 · via Entrackr

Kaapi Machines raises Rs 50 crore from Sedna HoReCa

The company sells the machines behind India's cafe boom, and the money is going into manufacturing, warehousing and service rather than storefronts.

2 min read

4 Aug 2026 · via Inc42

GetVantage raises Rs 63 crore for revenue-based financing

The platform lends against sales rather than collateral, and is now building rails so marketplaces can embed the same financing for their own merchants.

2 min read

3 Aug 2026 · via Entrackr

Yuvraj Singh joins Deepak Sahni’s new venture UN:BLOC

The Healthians founder is building again, and the cricketer who backed him the first time has come in as an investor and founding team member.

2 min read

3 Aug 2026 · via Entrackr

Virat and Vikas Kohli take 28% in fitness chain Vault

The premium franchise gym chain has brought in the Kohli brothers as strategic investors for a combined 28 percent, with 50 clubs targeted by year end.

2 min read

3 Aug 2026 · via Entrackr

Truth and Hair raises Rs 5.4 crore seed led by IPV

The Gurugram hair styling brand closed a seed round with Inflection Point Ventures leading, following an on air offer from Mamaearth's cofounder.

2 min read

3 Aug 2026 · via Entrackr

UPI hits record 23.66 billion transactions in July

Volumes are up 22 percent on last year and value crossed Rs 29.88 lakh crore, with a daily run rate of 763 million transactions.

2 min read

3 Aug 2026 · via Inc42

Swiggy falls 5% as brokerages split on quick commerce

Three houses published targets ranging from Rs 230 to Rs 435 on the same set of numbers. The spread tells you how unresolved the quick commerce question is.

2 min read

3 Aug 2026 · via Inc42

Instamart turns a corner but the Blinkit gap is still wide

Contribution breakeven came at the cost of growth, and management has signalled that segment profitability is still two quarters away.

2 min read

3 Aug 2026 · via Entrackr

Snabbit crosses 115,000 daily jobs, cuts burn per job

The home services company says burn per job fell by more than Rs 100 in a quarter to below Rs 250, while daily volume moved past a competitor's headline number.

2 min read

3 Aug 2026 · via Entrackr

Urban Company jumps 13% on Morgan Stanley upgrade

The broker moved straight from Underweight to Overweight and raised its target by nearly 30 percent, days after the company posted a wider quarterly loss.

2 min read

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