Startup

“Everywhere I go, India comes up; There’s a reason we’re here”: PayPal CEO Alex Chriss

PayPal’s focus will remain on connecting India to the world rather than competing in the domestic payments market, the CEO said.

CCI study flags steep barriers for Indian AI startups, calls for open data and compute access to level playing field

CCI study finds Indian AI startups face steep entry barriers from data access, compute costs, and funding gaps.

Fidelity-backed VC firm Eight Roads Ventures consolidates Asia investments, lets go of a dozen executives

It is also likely Fidelity, the sole limited partner of Eight Roads Ventures, will become the anchor of fund and ask other LPs to co-invest in the startup, moving away from the original strategy

Lucio raises $5 million to build AI-native workspace for lawyers

Adopted by more than 200 organisations globally, including enterprise law firms, in-house legal teams, and boutique firms, Lucio currently supports over 3,000 lawyers in nine jurisdictions.

Gaming platform MPL's parent firm sees 30% revenue jump in FY25; turns profitable

Europe is emerging as a bright growth spot for MPL’s parent firm, even as its Indian operations are disrupted by the ban on real-money games.

IPO-bound Groww completes acquisition of wealth-tech platform Fisdom after Sebi approval

Groww reported a three-fold growth in profit to Rs 1,819 crore in FY 25, according to regulatory filings. It also reported a 31 percent growth in revenues at Rs 4,056 crore during FY 25.

BigBasket completes self-audit on dark patterns; submits declaration to MCA

BigBasket offers 10-minute delivery across an assortment of more than 20,000 products, including groceries, fresh produce, fruits and vegetables, medicines, fashion, electronics, and beauty items, in over 60 cities, operating through a network of more than 700 dark stores

Babycare quick commerce startup Ozi raises $3.3 million in seed funding from Blume Ventures

The fresh capital will help Ozi expand beyond Gurugram and scale its catalogue, as investor interest in vertical quick commerce continues to grow

PhonePe subsidiaries double revenue, now make up 9% of total income

Fintech major PhonePe's diversification efforts have shown promise, with revenue soaring, however, the company is yet to achieve profitability.

GreyLabs AI raises Rs 85 crore in Series A funding led by Elevation Capital

The fresh capital will be used to scale the company’s newly launched Agentic Voice AI platform and expand presence in Bengaluru and Delhi, the Mumbai-based startup has said

Dhan raises $120 million from Hornbill Capital and others to join unicorn club, scale Gen Z stock broking

The round had to be reduced in size, by about $30-80 million, as talks between Alpha Wave and Dhan did not materialise, sources said. Moneycontrol was first to report on Dhan turning a unicorn back in July 2024.

IppoPay doubles down on kirana lending with Rs 120 crore disbursed in 2 years

These moves indicate a pattern where payment fintechs are gradually transforming into financial ecosystems with lending as a core pillar.

Startup Street: Startups' acquisition of legacy companies -- hard to digest?

Integration after acquisition is something that start-ups are ill equipped for 

Zepto nears $450 million funding at $7 billion valuation led by US pension fund Calpers

A bulk of the $450 million, around $350-$380 million will be in primary capital that will go directly into Zepto's coffers. The remaining, $70-100 million, will be in the form of secondary share deals where early investors will sell shares, sources told Moneycontrol.

BNPL startup Simpl lays off 100 employees after RBI's crackdown on payments operation

The drastic restructuring comes at a time when Simpl is grappling with regulatory headwinds. The company had around 220 employees on role and will now retain around 50-60 for payment collections.

Offline card transaction value down 17% this festive season as users shop online

UPI transaction volume was lower in September, compared to August, even with the boost from lower GST rates and online festive sales

Crypto exchange Bybit steps up India push with team expansion, user growth drive, crypto card plans

India’s stance on crypto regulations is getting much better, as the regulators are a lot more open to conversations, Michelle Daura, Head of Regulated Expansion Regions, Bybit told Moneycontrol.

Zerodha revenue drops for the first time in FY 25, Sebi regulations to hit FY 26 topline by 40%

The competitive intensity has resulted in Zerodha’s market share in active traders coming down from 22 percent in early 2023 to around 16 percent now. However, the company’s market share in terms of client assets accounts for about 10 percent of all retail and high-net worth individuals' assets under management in the country

IPO-bound Boat names Gaurav Nayyar as its third CEO in three years; Aman Gupta to step down from operating role

The company’s chief operating officer (COO), Gaurav Nayyar, who was appointed from Bain & Company only in October 2022, has been promoted to the top position

TVS Motor leads September electric two-wheeler sales, Ather breaks into top 3

As many as 96,031 electric two-wheelers were sold in September, with TVS leading with a 21.9 percent market share.

SaaS firm Capillary Technologies gets SEBI nod for IPO

Bengaluru-based SaaS firm plans fresh issue of Rs 430 crore and OFS of 1.83 crore shares; proceeds to fund infra, R&D, and acquisitions.

Zoho’s Arattai sees renewed interest as WhatsApp rival but can it succeed where others failed?

The app has climbed to the top of Apple's App Store and is on track to break into the top 100 on Google Play, after previously ranking outside the top 500

Hocco scoops up Rs 115 crore from Sauce.vc at Rs 2,000 crore valuation

Flush with funds, the premium ice cream brand has stepped up capacity expansion and distribution push.

Recur Club raises $50 million in a mix of debt and equity from InfoEdge and others

With the new funds, the platform aims to expand product offerings and scale into Tier-2 and Tier-3 cities, targeting an annual debt run-rate of Rs 10,000 crore by FY27.