BUSINESS
Myntra CEO Nandita Sinha to leave; Sharon Pais to take over
Sharon Pais, now head of Flipkart Fashion, and formerly chief business officer (CBO) at Myntra is most likely to be promoted to lead the fashion e-commerce major, sources told Moneycontrol.
BUSINESS
Sarvam AI $250 million funding round: Bessemer Venture Partners joins while Accel opts out
The Sarvam deal is being done by Bessemer’s US team. Their San Francisco-based Partner, Sameer Dholakia, is engaging with the company, which is being valued at $1.5 billion post-money, as first reported by Moneycontrol on March 24.
BUSINESS
Swiggy investor relations head Abhishek Agarwal quits
Agarwal's replacement has yet to be identified, sources told Moneycontrol. Swiggy's share price is down over 37% since listing in November 2024 and now has a market capitalisation of Rs 74,128 crore ($7.9 billion).
BUSINESS
Eloelo’s pitch deck reveals micro-drama boom: $230 million ARR, 27 million monthly users log 2 billion minutes amid funding talks
Riding on the micro-drama wave, the Eloelo group has also tapped investment bank Avendus to raise over $50 million in a fresh funding round, sources told Moneycontrol.
BUSINESS
Emergent’s $100 million ARR puzzle: What counts as revenue in the AI era
As AI startups blur the lines between subscription and usage-based models, Emergent’s rapid rise is putting revenue metrics under the spotlight
BUSINESS
Many varied ways ARR is measured nowadays but cash collections are indisputable: Vinod Khosla backs AI portfolio company Emergent
Emergent had collected $8.3 million in actual cash revenues in March, CEO Mukund Jha told Moneycontrol, translating to an annualised revenue run rate (ARR) of $99.6 million. Those figures were in line with Emergent’s February announcement of reaching $100 million in ARR.
BUSINESS
Zetwerk files confidentially for IPO
Kotak Mahindra Capital, JM Financial, Avendus Capital, Pantomath Capital and the Indian units of HSBC, Morgan Stanley, and Goldman Sachs are bankers to the issue.
STARTUP
Wonder why Indian founders haven't been quicker on AI; not seeing enough energy: Lightspeed’s Bejul Somaia
We're beginning to see the excitement on the consumer economy front but I'm not seeing that level of entrepreneurial energy around AI. It's up compared to a year ago, it's up meaningfully, but it should be 10X, he said in an interview to Moneycontrol
BUSINESS
MC Interview: IPOs are just a financing event, companies must accept where markets are: Lightspeed's Bejul Somaia
In a conversation with Moneycontrol, Somaia also said secondary share sales remain a preferred liquidity route, adding that Indian founders should move faster on AI.
BUSINESS
Amazon-backed gadget reseller Cashify picks ICICI Securities, JM Financial and Nomura as bankers for IPO
Cashify is looking to raise Rs 1,500-1,800 crore in total. The mix of primary capital and OFS will be decided at a later stage, sources told Moneycontrol
BUSINESS
Nvidia, Accel and HCLTech in talks to invest in AI startup Sarvam’s $250 million round at $1.5 billion valuation
Negotiations are still underway and more investors have shown willingness to back Sarvam, sources told Moneycontrol. This will be the largest capital infusion into a pure-play Indian AI startup and likely make the company the first unicorn of 2026.
BUSINESS
Greenoaks in talks to invest in Indian AI data centre startup Kluisz's $25 million round
This will be Greenoaks' second deep-tech bet in India in a span of about three months or so. Moneycontrol reported in December 2025 the US-based investor was discussing an investment in Airbound's $30 million round.
BUSINESS
L’Oreal in talks to acquire majority stake in personal care startup Innovist at $350 mn-$450 mn valuation
If the ongoing discussions fructify into an eventual buyout, it would mark the second major transaction struck by Innovist’s co-founder Rohit Chawla, who had earlier built The Man Company and sold it to FMCG major Emami
BUSINESS
West Asia tensions weigh on startup IPO plans, late-stage companies brace for reduced valuations
GCC-based sovereign wealth funds have invested $9 billion in Indian firms over five years, accounting for about 8% of total ecosystem funding, across 30 rounds, data accessed by Moneycontrol showed.
BUSINESS
West Asia war: Swiggy, Eternal brace for impact as gas shortage hits restaurants in India
Even if tensions ease soon, restaurants could need 30–60 days to normalise operations, and potential price hikes in the interim may pressure food delivery platforms, stakeholders told Moneycontrol
TECHNOLOGY
Why digital gold savings startup Jar is under Karnataka police scanner
The Karnataka CID is probing Jar Gold Retail Pvt Ltd under the BUDS Act, following regulatory alerts and a police FIR alleging that the platform collected money from public through an unregulated scheme.
BUSINESS
Drone startup Kalam Labs in funding talks with Deepinder Goyal, Globaz Technologies
For the company, also backed by Lightspeed, Y Combinator and others, Goyal's investment is part of a larger $5-7 million round, sources told Moneycontrol.
BUSINESS
FirstClub in talks to raise $50 million from Peak XV, Sofina and others doubling valuation in under six months
The company is being valued at around $250 million more than double from $120 million just six months ago, showing businesses with a layer of quick commerce continue to be a favourite among investors, sources told Moneycontrol
BUSINESS
Goat Brand Labs puts Pepe innerwear business up for sale; XYXX and Damensch also feel the squeeze
Several players, from established brands like Jockey to new-age startups, are grappling with a tepid retail environment amid muted consumer demand in the category, industry stakeholders tell Moneycontrol
BUSINESS
Supertails claims to have lost all inventory stored in a Bengaluru warehouse as fire engulfs facility
The incident has disrupted supplies and even prompted the company to pause an ongoing sale event. It is assessing the extent of the damage and initiating recovery measures, as per Supertails' claims
BUSINESS
Digital gold savings startup Jar searched by Karnataka CID over potential violations
Jar is being searched at a time when digital gold, as a category, is gaining popularity among both customers and investors, as reported by Moneycontrol.
BUSINESS
Livspace churn continues: CBO Lalit Mittal quits after 1,000 layoffs, co-founder exit
Mittal's exit follows days after Moneycontrol exclusively reported Livspace India CEO Saurabh Jain had also quit the company. Jain and Mittal worked together closely on multiple projects.
BUSINESS
Livspace shakeup: 1,000 employees fired as company focuses on AI; Co-founder Saurabh Jain quits
While Livspace reduces its workforce by around 12%, one of its co-founders Saurabh Jain, who was elevated from the role of Chief Business Officer (CBO) only in 2022, has also quit the company, sources told Moneycontrol.
BUSINESS
Swiggy shuts down Snacc as 10-minute food delivery becomes less profitable
“While the product market fit was emerging, the broader economics made it challenging to scale,” the email, sent on February 19, reviewed by Moneycontrol, said.
