BUSINESS
Oyo parent Prism calls for an EGM to consider raising Rs 6,650 crore via IPO
Prism has sought sweeping shareholder approvals to restructure its capital, overhaul its governance framework and authorise a large fresh issue, signalling its most serious push yet to revive Oyo’s long-delayed listing plans.
STARTUP
Quick-commerce scale-up hasn’t slowed Meesho; India still cares more about price than speed: CEO Vidit Aatrey
Aatrey, in an interview with Moneycontrol, said emerging markets consistently reward affordability-led ecommerce models, adding that Meesho’s momentum has strengthened even as rapid-delivery players expand across categories.
STARTUP
MC Interview | Meesho still works with a startup attitude; Not benchmarking against any other player: Cofounder and CEO Vidit Aatrey
After a decade of pivots, disciplined execution and sustained cash-flow strength, Meesho’s leadership says the company is entering public markets from a position of clarity and confidence, adding that it will continue prioritising long-term growth, affordability and customer focus over external benchmarks.
STARTUP
IPO-bound startups race to turn profitable ahead of listing as investors turn more selective
Several companies have tightened costs ahead of filing, with many leaning on tax credits, one-time gains and accounting boosts to present cleaner earnings as public-market scrutiny intensifies.
STARTUP
3one4 Capital books 90 percent and 65 percent IRR exits from KukuFM and Raise
The venture firm has secured two significant liquidity events across its consumer-internet and fintech bets, driven by sharp valuation upticks, faster revenue expansion and improved unit economics at both companies.
STARTUP
Swiggy's H1 FY26 losses surge 109% to $178 million on heavy quick-commerce spend, finds key investor Prosus
Despite the rising losses, Prosus – which owns 25 percent of Swiggy – said Despite the rising losses, Prosus – which owns 25 percent of Swiggy – reported strong demand trends for the January–June 2025 period. Swiggy’s customer base grew 35 percent year-on-year to 21.6 million, and gross order value (GOV) rose 43 percent on the back of food-delivery expansion and formats like Bolt
STARTUP
Prosus H1FY26 results: India revenue rises to $397 million as PayU nears break-even, losses narrow
Prosus expanded its India exposure during the period with a $67-million infusion into ride-hailing platform Rapido and a $222-million purchase of a 16.2% stake in travel aggregator Ixigo, deepening its position across mobility and online travel.
STARTUP
VCs pocket gains of over $1.7 bn through IPOs so far this year; still sit on holdings worth over $10 bn
The seven IPOs so far have together created over Rs 1 lakh crore in investor value this year, split between heavy OFS cash-outs and the much larger block of unsold holdings across the cohort’s biggest tech listings.
BUSINESS
Walmart Q3: IPO-bound PhonePe's ESOP revaluation wipes $700 mn off international operating income
Non-cash charge tied to IPO-bound fintech dragged down reported profitability even as sales, e-commerce momentum and adjusted earnings remained strong.
STARTUP
New-age tech firms now account for 2.49% of India’s total stock market capitalisation, nearly double from 2021
A surge of large tech IPOs, deeper institutional appetite and stronger operating performance have pushed India’s digital economy further into the public markets — marking the clearest shift yet in how investors are pricing tech-led businesses
STARTUP
Quick services startup Pronto relocates from Gurugram to Bengaluru to tap tech talent
The relocation has been completed in recent weeks and involves moving tech, product and data-science teams to Bengaluru, while customer-support and certain operations functions remain in Gurugram, Moneycontrol has learnt.
STARTUP
Ronnie Screwvala earmarks $50 mn to back AI, deeptech, spacetech startups; says he’s looking for his 'next Lenskarts'
In an interview with Moneycontrol, Screwvala said India’s next wave of long-cycle value creation will come from technical founders building in frontier sectors, making this the right moment for concentrated, long-horizon bets.
STARTUP
After Manipal Group, Ronnie Screwvala’s UpGrad submits bid for Byju’s parent; eyes Great Learning
UpGrad’s bid is focused on higher-education assets such as Great Learning — not the K12 business, sources told Moneycontrol; the move comes as the company is also in talks to acquire Unacademy as part of a wider consolidation strategy
STARTUP
Jupiter’s Jitendra Gupta to double investment as fintech extends total round size to $25 million
The round is being extended by $10-11 million just weeks after Jupiter announced a $15 million round. About half of the fresh capital will come from founder and CEO Jitendra Gupta, sources told Moneycontrol.
STARTUP
Gig hiring jumps 25% this festive season as quick-commerce drives record job demand
Early workforce planning, richer incentives, and stronger Tier-2 hiring helped e-commerce and logistics players manage record festive demand without major disruptions, staffing firms told Moneycontrol
STARTUP
Bombay Shaving Company raises Rs 136 crore from Sixth Sense; founder joins round as IPO prep begins
The founder’s participation in the round comes amid a broader shift in India’s startup ecosystem, where more entrepreneurs are turning investors in their own companies.
STARTUP
Myntra’s creator commerce bet drives 10% of revenue; aims to double share by 2026
The Walmart-owned fashion platform has doubled revenue from creator-led sales in a year and plans to scale its shoppable video and affiliate ecosystem
STARTUP
UpGrad’s CPTO Ankur Dhawan steps down amid Unacademy acquisition talks
Ankur Dhawan joined UpGrad in 2020 and was elevated to Chief Product and Technology Officer earlier this year.
BUSINESS
Spinny to acquire GoMechanic in Rs 450 crore cash-plus-stock deal
The used-car platform is deepening its push into after-sales services after narrowing losses and raising fresh capital
STARTUP
CarTrade set to acquire CarDekho in deal valued at over $1.2 billion
If completed, the merger will create one of India’s largest auto-tech platforms spanning car discovery, financing, insurance, and resale
BUSINESS
India's startup founders turn investors in their own firms amid valuation reset
Tightened ownership, attractive valuations, and a need to project long-term conviction are prompting more founders to invest personal capital into their startups, per several founders and investors Moneycontrol spoke with.
BUSINESS
We are a hyper-growth company, had no pressure to price up IPO, says PhysicsWallah co-founder Prateek Maheshwari
After narrowing losses and doubling cash from operations in FY25, PhysicsWallah expects to post PAT-level profitability soon,co-founder Prateek Maheshwari tells Moneycontrol in an interview, adding the company is focused on steady growth rather than aggressive expansion
STARTUP
Ronnie Screwvala's UpGrad in talks to acquire Unacademy for $300- $400 million
The move follows Unacademy’s leadership transition, with co-founder Sumit Jain heading test prep, and Gaurav Munjal and Roman Saini set to lead AirLearn independently.
STARTUP
Peak XV, Accel, Elevation and others set to cash in $1.5 billion as startup IPO wave unlocks big payouts
So far, Peak XV Partners is expected to gain over Rs 2,400 crore from Pine Labs and Groww, while Accel and Elevation together stand to gain over Rs 950 crore through Urban Company and Bluestone. The gains are expected to grow as Meesho, Amagi and others go public later this year.
