BUSINESS
SEBI clears Groww’s IPO, paving way for one of India’s biggest fintech listings
The offering is expected to value the Bengaluru-based fintech at $7–8 billion, marking a major milestone in India’s startup and financial services ecosystem.
BUSINESS
After two months, Rapido and Uber resume bike taxi services in Karnataka
Bike taxi services were banned in Karnataka since June 16. Moneycontrol on August 21 found that Rapido and Uber were showing bike taxi options and accepting bookings.
BUSINESS
Bhavish Aggarwal sets 25–30% market share target for Ola Electric, bets on vertical integration for better margins
Aggarwal tells Moneycontrol that the past six months have been 'transitional', as Ola Electric phased out its Gen 2 scooters, ramped up supplies of its Gen 3 models and introduced its electric bike
BUSINESS
De-risking from rare earths with ferrite magnet motors, says Ola's Bhavish Aggarwal
Ola's Bhavish Aggarwal said that starting next quarter, the company will integrate its in-house ferrite motor technology into products to de-risk from the rare earth supply chain.
BUSINESS
I don't regret taking Ola Electric public, says founder Bhavish Aggarwal on market feedback since IPO
'The best companies in the world are always built in public markets... the rigour comes in from public market scrutiny,' Aggarwal tells Moneycontrol
BUSINESS
India's EV market in middle of S curve, will see another steep ramp up soon: Ola Electric’s Bhavish Aggarwal
Aggarwal said improvements in technology will drive the next growth phase, pointing to falling costs, higher ranges, and faster charging speeds.
STARTUP
Ola Electric integrates homegrown 4680 battery cells into S1 Pro+ and Roadster X+, slashes prices ahead of festive season
The company also unveiled the S1 Pro Sport, priced at Rs 1,49,999, with bookings opening today and deliveries set to start in January 2026.
BUSINESS
Stock broking firm Fyers launches stock market analysis tool integrated with OpenAI’s ChatGPT
FIA GPT is trained on Indian financial markets and can answer queries in plain English on areas such as portfolio performance, sector exposure, stock highs and lows, options chain analysis, and order book monitoring.
BUSINESS
Bhavin Turakhia-led Titan partners with GoDaddy for business email push in developing markets
GoDaddy will integrate Titan’s email product into its Professional Email product, aimed at small businesses and entrepreneurs.
BUSINESS
Speciale Invest raises Rs 600 crore for third fund to boost India’s deep-tech and sovereign-tech sectors
The fund close comes amid growing investor interest in India’s deep-tech sector, fueled by strong policy support, shifts in global supply chains, and an expanding pool of commercially astute technical founders.
BUSINESS
India’s humanoid robots are getting factory-ready: Meet Sherpa Mecha by Ati Motors
The company says its Sherpa range is on track to execute over 1 million autonomous missions annually, serving factories from India to Southeast Asia, the US, and Mexico.
BUSINESS
Icertis names Anand Subbaraman as new CEO, co-founder Samir Bodas transitions to Executive Chairman
Subbaraman brings over 25 years of global tech leadership experience, having held senior roles at BrowserStack, Oracle, and Finastra.
BUSINESS
SarvaGram Fincare’s FY25 income grows 74% to Rs 274 crore, net profit slips amid rising credit costs
On a consolidated basis, SarvaGram Solutions posted a net loss of Rs 61 crore in FY25, widening from Rs 20 crore in FY24
BUSINESS
Payment fintechs are getting squeezed as banks add charges for UPI merchant transactions
The bank charges are limited to those accounts where the PAs use the banks for merchant acquisition. Since the fees is 0.02%, PAs are likely to absorb the cost and are not expected to pass these to merchants immediately
BUSINESS
Freshworks raises FY25 growth guidance as Q2 revenue jumps 18% to $204.7 million
Freshworks also raised its non-GAAP operating income guidance for the full year to $153–157 million.
BUSINESS
Freshworks’ AI products cross $20 mn in annual recurring revenue as monetisation picks up
During the Q1 2025 earnings call, Freshworks’ CEO said AI adoption had moved beyond experimentation, with nearly half of all new large deals (over $30,000 ARR) in the quarter including Freddy Copilot.
BUSINESS
Neobanks diversify into cards, payments, investment businesses amid struggle to offer core banking services
Without a differentiated product, neobanks have taken the route of other fintechs, such as cards, lending and investments, leaving them to play in a crowded market with specialists
BUSINESS
Amagi's DRHP: Six key numbers to watch out for
The Bengaluru-headquartered company, backed by investors like Accel, Avataar Ventures, Norwest, and Premji Invest, is looking to raise fresh issue of around Rs 1,020 crores.
BUSINESS
SaaS firm MoEngage to raise $200 million from ChrysCapital, A91, Goldman Sachs
The round will be a mix of primary and secondary capital. While the primary component will go towards paying tax to flip back from the US to India, the secondary component will be used to buy shares from some of its early investors
BUSINESS
Tiger Global-backed Gupshup raises $60 million, explores reverse flip to India ahead of IPO plans
The funds will be used to deepen Gupshup’s presence in high-growth regions such as India, the Middle East, Latin America and Africa
BUSINESS
Zoho will go big on vertical SaaS… market is ripe for disruption, says CEO Mani Vembu
Zoho’s goal is not to compete with general-purpose models like ChatGPT but to solve specific business needs through vertical-focused AI, Vembu has said
BUSINESS
India will lead the second wave of AI startups, says Accel’s Shekhar Kirani
Indian founders excel at building in the second and third wave, by going deep into complex, vertical problems instead of chasing viral, horizontal use cases, the Accel partner has said
ARTIFICIAL-INTELLIGENCE
Global spend on vertical AI applications to hit $47 billion by 2030, Indian startups poised to gain: Upekkha Report
Fueling this momentum is a dramatic drop in AI infrastructure costs. Foundational model training, which cost $100,000 just a year ago, can now be done for $10,000, making vertical AI more affordable and scalable.
BUSINESS
Inside Indian fintech’s new AI playbook: Why Model Context Protocol is gaining popularity
By leveraging MCP, fintechs aim to personalise user experiences, automate complex processes, and even experiment with launching new financial products based on user insights
