Startup

General Atlantic pumps $600 mn into PhonePe ahead of IPO

The latest round, aimed at helping employees meet ESOP-related tax obligations, doubles General Atlantic’s stake to 9% as PhonePe gears up for a $1.35 billion public listing.

IPO-bound Groww enables captive algo trading with 'Groww Cloud'

Even as SEBI has been curbing derivatives trading to protect retail investors, the segment is key to the broking industry in revenue

Snabbit raises $30 million in Series C funding led by Bertelsmann at $180 million valuation

This is Snabbit’s third fundraise in nine months, taking its total capital raised to $55 million. Snabbit currently operates in five cities — including Mumbai, Bengaluru and Gurugram — and plans to expand to the top 10 metros within the next two quarters.

Ixigo reports loss of Rs 3.5 crore in September quarter of FY26, revenue at Rs 282.7 crore

Aloke Bajpai, Group CEO, ixigo said that the recent fund raise provides the balance sheet required to fulfil their long term aspiration of delivering the best AI-first customer experience for travel and fuels their expansion into new categories and markets.

PB Fintech Q2 net profit jumps 164% to Rs 135 cr, revenue rises 38%

Sequentially, the firm reported a 20% growth in revenue while PAT improved by almost 59%.

SBI Mutual Fund invests Rs 100 crore in Lenskart at $7.7 billion valuation ahead of IPO

The move follows RK Damani’s Rs 90-crore pre-IPO investment; Moneycontrol was the first to report on SBI MF’s planned investment earlier this month.

Blume Ventures raises $175 million in first close of Fund V, targets $275 million by 2026

The Bengaluru-based VC firm has already begun deploying capital from the fund, with investments in Mave Health and Confido (healthtech), Lucira and Ozi (consumer), PowerUp Money (fintech), and iDO (deeptech).

[Deeptech Digest] This startup quietly secured an airbase; its encryption now guards railways, laptops and more

Bengaluru-based deeptech startup Pantherun Technologies cracked a decades-old encryption flaw using an AI-based system that requires no key exchange. From shielding airbases and railways to partnering with majors like Intel, the Qualcomm-mentored startup is rewriting how data moves and stays secure.

Zerodha to roll out Fixed Deposits on Coin app soon; ties up with Blostem

The Bengaluru-based discount broker’s idea behind FDs is to offer fixed-income products along with low-risk long-term investment products on the Coin platform

Zetwerk files lawsuit against its former exec’s new firm Ayr Energy in Texas court

Zetwerk estimate losing nearly $77 million in potential orders and allege that Ayr’s revenues from the disputed business could exceed $250 million.

iD Fresh profit rises 5x to about Rs 26 crore in FY25; revenue up 22% to Rs 681 crore

The company expanded distribution and ramped up capacity across India and Gulf markets; operating leverage helped improve margins despite higher input costs.

MC Interview: 'Karnataka unfazed by Andhra in Quantum race; Bengaluru gives us edge,' says Minister NS Boseraju

NS Boseraju, Karnataka Minister of Science & Technology and Minor Irrigation, says Phase I of Quantum City (6.1 acres) will be India’s first single-stop quantum hub, hosting hardware manufacturing (FabLine), shared R&D labs, a secure quantum cloud, and incubation for startups.

Nikhil Kamath's Gruhas and Collective Artists Network close Rs 100 crore maiden fund

The Gruhas Collective Consumer Fund, a partnership between Gruhas and Collective Artists Network, has so far backed seven businesses.

Optimo Capital raises Rs 150 crore in Series A round led by founder Prashant Pitti, Blume Ventures, Omnivore

The NBFC, which focuses on credit-starved MSMEs, also secured an additional Rs 110 crore in debt from IDFC and Axis Bank

Dream11 goes global, launches in 11 countries including the US and UK

Dream11's international expansion is expected to be a crucial step for the fantasy sports platform to broaden its footprint beyond India.

What does Madras HC’s judgement mean for WazirX’s rebalancing scheme and its impact on users

Industry and legal experts expect fresh petitions to be filed against the crypto exchange at other high courts taking a cue from this interim ruling.

Private investors and IPO bankers are coordinating early on startup valuations: Sandeep Sinha, Co-founder, Oister Global

Tighter IPO scrutiny and a maturing startup ecosystem are driving private funds to coordinate early with bankers on pricing and liquidity, according to Sandeep Sinha, Co-founder at Oister Global, an alternative-asset manager.

Z47 doubles down on AI-first fintechs, plans to back global startups building for India

Z47 sees new wave of tech-enabled lending, digital-first cards, and AI-driven financial services shaping the next phase of fintech innovation.

AI to drive India’s IT industry to $400 billion by 2030; surge in AI-led outsourcing opens door for startups: Bessemer

Bessemer Venture Partners’ new report says automation will compress traditional IT pricing but expand overall outsourcing demand, creating new opportunities for AI-first startups alongside India’s tech giants.

Very discontent right now: Peyush Bansal on why there won't be a book on Lenskart and him like Zomato and Deepinder Goyal yet

While he has not decided if he will publish a book, and a name for it yet, Bansal said when he begins to work on the idea, he would title it “Vision for Billion”.

Consumer companies either become global brands or won't be a brand at all: Lenskart’s Peyush Bansal

Lenskart acquired Owndays in Japan and Stellio in Spain to grow its international presence. The Middle East and regions like Singapore are key to the company’s next phase of growth, says the CEO

TAM doesn’t matter. I don’t track it, that is an analyst’s job, says Lenskart’s Peyush Bansal

Even if it is Rs 5,000 crore, we can give vision to 50 percent of India and that is a sizable impact to create and so our job is not changing because of that, Peyush Bansal, CEO and co-founder, Lenskart, told Moneycontrol in an interview.

MC Interview: IPO not an exit event; Being a Promoter has an emotional angle: Lenskart’s Peyush Bansal

In a freewheeling chat with Moneycontrol, Peyush Bansal, CEO and co-founder of the company said it doesn't matter to him what the total addressable market (TAM) is beyond a certain point. "I don't get into this, I don’t track it. I think this is an analyst’s job."

Zerodha to offer investment in US stocks in next quarter through GIFT City

'We are working on it, and we should have something in the next quarter. It is a product launch,' CEO Nithin Kamath has said

Dunzo co-founder Kabeer Biswas to leave Flipkart in less than a year since joining

Kunal Gupta, Vice President at Flipkart, will now lead Flipkart Minutes to ensure a seamless continuation of the business and operations. Gupta has been with Flipkart for over a decade.