BUSINESS
Manufacturing startups look to tap rare-earth-free motors as China tightens grip on supply
Industry players have engaged with commerce minister Piyush Goyal and the ministry of heavy industries, seeking incentives to support rare-earth-free technologies alongside mining
BUSINESS
Paytm's Rohit Lohia likely to join ONDC as Chief Business Officer
The move follows a wave of high-profile departures at ONDC, Founder-CEO Thampy Koshy stepped down in April 2025.
BUSINESS
Lightspeed, Prosus back Mukund Jha's AI startup Emergent with $23 million in Series A round
Emergent plans to use the Series A funds to expand its team, deepen research into AI coding agents, and grow the platform globally.
BUSINESS
TVS-backed Ultraviolette in talks with state governments for new facility as it broadens focus to affordable EV segment
Bengaluru-based startup aims to scale production with diversified portfolio to challenge established players
INDIA
Ultraviolette launches X47 Crossover electric motorcycle at Rs 2.74 lakh
X47 deliveries starts from October of 2025 for the festive season.
BUSINESS
Dhiwise pivots to Rocket, raises $15 million from Salesforce Ventures, Accel and Together
The company will use the capital to strengthen R&D, expand product capabilities and expand globally footprint with new headquarters in Palo Alto, California
BUSINESS
IPO-bound PhonePe's FY25 revenue rises 40%, adjusted PAT up 220%
Phonepe's adjusted EBITDA (excluding ESOP costs) more than doubled to Rs 1,477 crore from the previous year
BUSINESS
H-1B fee shock: SaaS and AI startups rethink hiring strategy as $100,000 levy threatens talent flow
For SaaS startups, which rely heavily on US revenues and customer acquisition, the visa shock is already forcing a rethink of business models.
BUSINESS
Jar posts Rs 2,448 crore in revenue after a change in accounting process; narrows losses by 69% in FY25
The firm trimmed its consolidated net loss (pre-ESOP costs) to Rs 35.23 crore in FY25, down from Rs 104 crore in FY24.
BUSINESS
Fractal to release 'significant deployable reasoning AI' by year-end, once resources are in place, says CEO Srikanth Velamakanni
Fractal Analytics, along with IIT-Bombay’s BharatGen, Tech Mahindra and five other firms, has been chosen by MeitY to build India’s foundational models
BUSINESS
Infra.Market raises Rs 730 crore at Rs 24,600 crore valuation led by Nikhil Kamath; plans to file DRHP this month
Moneycontrol understands that this is likely the final private funding round, as Infra.Market plans to file its draft red herring prospectus (DRHP) with the market regulator within weeks, with an IPO expected later this year.
BUSINESS
PhonePe, Paytm, Cred shut down rent payment services amid RBI curbs
The move follows the Reserve Bank of India’s (RBI) tightened Payment Aggregator (PA) and Payment Gateway (PG) guidelines, issued on September 15, which bar PAs from facilitating payments to entities with whom they lack a direct contractual relationship.
BUSINESS
Rising revenue, growing user base, regulatory headwinds: 7 things to know about Groww’s DRHP
In Q1 FY26 Groww's revenue came in at Rs 904.3 crore. Active client growth of 35.5% in FY25 outpaced most listed peers. .
BUSINESS
Bhavish Aggarwal-led Ola Electric files Rs 400-crore PLI claim for FY25
Backed by Rs 3,000 crore in 'eligible sales', Ola Electric is expected a liquidity boost through PLI payout
BUSINESS
After a tough FY25, fintech NBFCs expect GST cuts to revive growth and margins this year
Industry watchers expect a phase of consolidation, where stronger players with healthier balance sheets and access to capital markets will pull ahead, while smaller or weaker NBFCs, especially those focused on unsecured lending, may be forced to rethink their strategy or seek partnerships.
BUSINESS
ONDC extends financial incentives through September as retail orders continue to decline
According to the company's open data, ONDC clocked 17.94 million transactions in August 2025, up 2.7 percent from July. Mobility and logistics drove the increase with 11.81 million rides and 2.35 million logistics orders. Retail orders were at 3.76 million transactions, down sharply from 6.1 million in August 2024.
BUSINESS
Whatfix launches AI Agents to boost enterprise productivity, expects 25% ARR jump
The first three agents, Authoring, Insights, and Guidance, are now available across Whatfix’s suite.
BUSINESS
EV makers charge up for festive season demand with focus on tier II and III cities
With the GST Council’s decision to keep EVs in the 5 percent slab, industry executives say structural tailwinds this year are stronger
BUSINESS
MC interview: “Together Fund is my startup now, will watch Freshworks grow as a shareholder,” says Girish Mathrubootham after exit
In a candid interview from the US, Mathrubootham reflected on the emotional weight of his exit, the company’s culture, and his new chapter as he turns his focus to nurturing startups through his venture fund, Together.
BUSINESS
Being a public company is less stressful than staying private, says Ather CEO Tarun Mehta
Ather Energy went public in July 2025, shortly after rival Ola Electric’s listing in August 2024, which was India’s first major EV startup IPO.
BUSINESS
Ather Energy rules out cell manufacturing, to bet on partnerships instead
While several EV players, including Ola Electric and Reliance New Energy, have announced ambitious plans for giga-scale cell factories, Ather is keeping its focus on design, engineering, technology, and brand.
BUSINESS
Ather Energy is moving to light rare earth magnets amid supply chain crisis
India’s electric vehicle industry has been grappling with supply risks due to the concentrated global supply of heavy rare earths, which are critical for high-performance magnets used in EV motors
BUSINESS
Ather Energy rolls out 'Pothole Alert' feature on scooters to address rider safety
Alongside this, Ather has introduced Crash Alerts, designed to distinguish between minor and severe accidents.
STARTUP
Ather Energy doubles market share to 17% YoY, unveils new 10-minute fast chargers
Ather has expanded its retail footprint to 416 stores nationwide and plans to reach 700 outlets.
