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
Freshworks founder Girish Mathrubootham to exit firm, stepping down as executive chairman 4 years after IPO
Mathrubootham’s exit marks the end of an era for one of India’s most prominent SaaS founders and angel investors.
BUSINESS
Amazon completes acquisition of Axio, to follow measured growth in lending
Even as the credit cards in the country explode, the ecommerce firm continues to see a good demand for the BNPL product from customers with a lower income level, and helps them build a good credit history
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
Kitchens@ weighs acquiring Popo Ventures that runs Pizza Bakery, Paris Panini, Smash Guys for Rs 800 crore
The deal hinges on whether Kitchens@ is able to raise the capital required to fund the acquisition this size, sources told Moneycontrol. The cloud kitchen startup has been looking to raise Rs 2,000 crore for about a year now.
BUSINESS
Nandan Nilekani is guiding us: Infosys CEO Salil Parekh strikes confident note on AI leadership
Parekh added that the Bengaluru-headquartered IT major has built a lot of content and capabilities around AI and the best place to scale up technology is Infosys and India.
BUSINESS
The skills that won’t be replaced by AI, according to NR Narayana Murthy, Nandan Nilekani and Salil Parekh of Infosys
Murthy, who has seen many waves of technology disruption, said the one trait that stays through this constant evolution is the ability to learn.
BUSINESS
“Obituaries have been written many times”: Nandan Nilekani confident Indian IT and Infosys will thrive in the AI era
Nilekani brushed off concerns about keeping up with rapid shifts in technology, underlining that that human interaction, human collaboration, human relations will become even more important.
BUSINESS
Flipkart Minutes helped bring 50 million new visitors onto our platform, says SVP Hemant Badri
That is a significant addition especially because Flipkart has around 200 million annual active users and a total customer base of 500-600 million.
BUSINESS
Elevation Capital raises $400 million to foray into late-stage investing via Elevation Holdings
Elevation Holdings will write $20-50 million cheques and focus on new-age companies that are close to a public market listing. It will continue to stay invested in these firms even after their IPO.
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
Prosus eyes additional stake in Rapido with $200 million investment
Prosus is also considering a deal to purchase a part of Swiggy’s stake. If that deal goes through, the total round size may increase, sources told Moneycontrol.
STARTUP
99% of Dream11's 260 million users never won or lost more than Rs 10,000 in their lifetime, says co-founder Harsh Jain
Dream Sports CEO Harsh Jain said that regulation would have been the right approach to address the issue of societal impact and financial distress linked to RMG apps, as prohibition is likely to increase the prevalence of a black market.
TECHNOLOGY
Dhan parent Raise Financial Services to launch ‘Fuzz,’ an AI model for serious investors and finance professionals
An agentic AI model trained on large-scale, India-focussed financial datasets, Fuzz is built to deliver high domain expertise with contextual source-backed outputs.
STARTUP
Dream11 co-founder Harsh Jain rules out layoffs after govt's RMG ban, says 'All the talent here is safe'
'We are interested in building with this talent to dig ourselves out of this hole’ said Harsh Jain, the co-founder of the co-founder of Dream Sports, the parent company of embattled fantasy sports major Dream11.
STARTUP
MC interview: “Lost 95% of revenues, 100% of profits, but remain a delusional optimist”: Dream11 founder Harsh Jain on real money gaming ban
Dream Sports CEO Harsh Jain described India's gaming law as an unexpected knockout punch but said he remains “a delusional optimist”, revealing a “two-year cash runway” which would help him retain talent.
STARTUP
Dream11 parent won't fight Indian government over real-money gaming ban, says co-founder Harsh Jain
Fantasy sports platform Dream11, which stopped paid contests last week, accounts for 95 percent of the revenues of Dream Sports and 100 percent of its profits.
ARTIFICIAL-INTELLIGENCE
From farms to hospitals: How 3 women are shaping India’s AI future
Pragya Misra of OpenAI, BrainSightAI CEO Laina Emmanuel, and Niramai Health Analytix CEO & CTO Dr Geetha Manjunath shared how their work is changing everyday lives, from farmers in rural India to hospital patients
TECHNOLOGY
Open AI’s Pragya Misra on India hiring and expansion: "Lots of announcements coming up"
The Public Policy & Partnerships Lead at OpenAI, revealed how Indian farmers using AI for crop guidance, pest management, and mandi selection have already seen incomes rise by 35%.
TECHNOLOGY
Political mind made up on real-money gaming ban; consensus across parties on societal impact, say govt sources
FDI in online gaming sector not productive, industry making outsize profits by preying on Indian population, said a source
TECHNOLOGY
This is a balanced bill, provides clarity: MeitY Secretary Krishnan defends proposed ban on money-based games
Industry stakeholders have raised concerns about the business impact of the legislation and issues around enforcement, particularly the ability to curtail offshore operators and users accessing unlicensed platforms via VPNs. Krishnan acknowledged these challenges but said the government is “fully prepared” to address them
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
