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.
STARTUP
Oyo rolls back controversial 6,000:1 bonus share plan after backlash
After drawing criticism over its complicated bonus ballot, PRISM, the parent of Oyo, has withdrawn the plan and promised a fresh, transparent version for all shareholders — signalling a course correction before its market debut.
STARTUP
Swiggy's Instamart, Zepto scrap handling charges, lower delivery fee thresholds as competition heats up
Swiggy, Zepto and Instamart follow Amazon’s quick commerce playbook via Amazon Now, which has already been offering zero miscellaneous charges to attract users in Bengaluru and Delhi-NCR.
STARTUP
Shadowfax IPO decoded: Issue size, profit rebound, investor exits and key risks
Backed by Flipkart and Eight Roads, the logistics firm has turned profitable ahead of its Rs 2,000-crore IPO but high client dependence, rising lease costs and gig workforce challenges could test its delivery on the bourses
EARNINGS
Urban Company Q2 results: Loss widens to Rs 59 crore, revenue up 37% YoY
The Gurugram-based firm said the swing back into the red was driven by heavy upfront investments in Insta Help, its newly launched daily housekeeping vertical, which offset otherwise strong growth in its core services and products businesses.
STARTUP
Swiggy’s Sriharsha Majety takes a swipe at Zepto: ‘Won’t chase volume growth with poor average order values’; Aadit Palicha responds
Zepto CEO Aadit Palicha, in an interview with Moneycontrol, hit back saying Instamart burns more cash per order than Zepto, escalating the face-off between India’s top quick commerce rivals.
STARTUP
BoAt IPO decoded: Smaller issue size, profit tailwinds, wearables slump and key risks
Backed by Warburg Pincus, the consumer-tech firm has bounced back to profitability but faces headwinds from a cooling wearables market, online channel dependence and thin margins.
BUSINESS
Snabbit raises $30 million in Series C funding led by Bertelsmann at $180 million valuation
This is Snabbit’s third fundraise in nine months, taking its total capital raised to $55 million. Snabbit currently operates in five cities — including Mumbai, Bengaluru and Gurugram — and plans to expand to the top 10 metros within the next two quarters.
