Karnataka Budget 2026: 1,250 EV charging stations to come up under PM-E Drive scheme
The charging infrastructure will be developed under the PM-E Drive scheme at an estimated cost of Rs 777 crore.
IIT Bombay to reap Rs 55 crore windfall as Sedemac IPO to unlock nearly Rs 4,800 crore
The IPO, which is entirely an offer for sale of up to 8.04 million shares, opened with a price band of Rs 1,287–Rs 1,352 per share, valuing the company at close to Rs 6,000 crore at the upper end. it closes today.
New milestone: UPI daily transactions cross 800-million mark on March 2; February volumes up 27%
February saw more than 700 million transactions every day, barring four. UPI has been seeing daily transaction value of more than Rs 1 lakh for 12-15 days a month
IN-SPACe invites space startups to develop AI solutions for satellites, launch operations
The space regulator is looking for AI tools ranging from onboard satellite intelligence and debris avoidance to crop forecasting and AI-driven spacecraft design
Practo founder, former Lenskart and Ola executives raise $5 million from South Park Commons for healthcare startup Cent
The AI-led early detection platform backed by South Park Commons said it is at $2 million annualised revenue and plans dedicated screening centres across major metros
Rozana raises Rs 290 crore led by Bertelsmann, to expand rural commerce network
The rural commerce startup plans to expand across new states in the Gangetic belt, deepen product assortment and build private labels, co-founder Ankur Dahiya has told Moneycontrol
Bengaluru’s BMTC awards smart ticketing machine contract to mobility startup Chalo
Mumbai-based Chalo will supply and maintain smart electronic ticketing machines and a digital ticketing system for BMTC buses under a five-year contract worth around Rs 40 crore.
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
Ionic Wealth crosses $1 billion AUM, with laser focus on mid-level wealth customers
By leveraging AI, Ionic Wealth can serve the Rs 1 crore- Rs 25 crore segment, overlooked by private banking, co-founder Shobhit Mathur tells Moneycontrol
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
Fino Payments Bank's digital transactions slide amid mounting regulatory heat
With its CEO under arrest and digital revenues halving over three quarters, the crisis-hit Fino Payments Bank has seen its UPI transaction value plunge 50% between November 2025 and January 2026.
Lost in transit: Indian founders and investors chart alternate routes home as West Asia tensions disrupt flights
As air routes reopen in phases amid regional tensions, startup founders and investors stuck in Dubai and nearby hubs weigh Oman road exits, delayed travel plans and a cautious wait-and-watch approach, even as business operations continue remotely.
Pronto raises $25 million in funding led by Epiq Capital as 10-minute home services scales up
The round values the company at $100 million post-money; with Pronto now clocking 18,000 daily bookings across 10 cities, founder Anjali Sardana told Moneycontrol.
Supreme Court dismisses ED appeal against Razorpay in PMLA case
The Karnataka High Court, in March 2024, quashed the proceedings, holding that there was no evidence of Razorpay’s intent to launder money.
Groww’s AI co-pilot in testing with up to 50,000 users, broader rollout likely in next 1–2 quarters: CEO
The company is positioning GR1 as a co-pilot that helps users analyse portfolios and surface insights within the app. However, Keshre stressed that it is not an advisory tool.
Quick commerce solutions startup Inamo raises $8 million led by Prime Venture Partners
The funding round includes $6 million equity and $2 million venture debt. The startup plans to expand to 10 more cities and 200 dark stores by the end of 2026
Public-private partnership critical to build India’s sovereign AI capabilities: Sarvam Cofounder Pratyush Kumar at Rising Bharat Summit
AI models are becoming strategic national infrastructure, startup says as it builds India-trained LLMs and AI hardware
Groww ramps up AI-led investing, pro trading offerings as user base reaches 16 million
The company also introduced native mobile charts, ETF screening tools, and multi-portfolio tracking features.
Digital reduced friction and entry barriers for investment and credit, but increased the risk of virtual arrests and financial frauds: Panellists at Rising Bharat Summit 2026
Digital frauds have grown ten-fold in the last three years, even as India's digital journey successfully unlocks formal credit and investment access for millions
TVS Motor leads electric two-wheeler market in February with 29% share; Ola slips to seventh position
Electric two-wheeler registrations cross 101,000 units in February as legacy OEMs tighten grip and Ola Electric falls behind rivals
Deepinder Goyal raises $54 million for his wearables startup Temple at $190 million valuation
Moneycontrol was first to report Temple was raising around $55 million from Steadview Capital, Vy Capital, Info Edge, Peak XV Partners and early employees of the company.
Unacademy rolls out Rs 50 crore ESOP buyback to provide liquidity to employees
Co-founder Gaurav Munjal said as many as 8 employees will receive over Rs 1 crore each, 17 will get over Rs 50 lakh, and 38 will earn more than Rs 10 lakh.
EV maker Raptee plans new plant in Tamil Nadu, begins deliveries of high-voltage T30 electric motorcycle
EV startup targets manufacturing expansion and market rollout as it bets on high-voltage architecture to tap India’s electric motorcycle opportunity
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
Freshworks announces $400 million share buyback amid prolonged stock decline
Shares were trading at about $17.31 as of February 26, 2025, and it fell down drastically to around $7.93 a piece as of February 26, 2026.
