Swiggy to rejig structure; appoint finance heads for Instamart, food delivery
Once the move to a new model is completed, Swiggy’s organisational structure will be similar to that of Blinkit, its arch-rival. The two VPs of Finance will likely report to CFO Rahul Bothra, sources told Moneycontrol.
Swiggy hikes platform fee to Rs 14 to boost profitability during festive season rush
It is likely that a higher platform fee is an experiment Swiggy is doing for large demand occassions, like festive days, where it needs to pay the fleet more and keep up with operating costs and it reverts to its old structure later. The fee has been hiked from Rs 12 earlier.
Darwinbox raises $40 million from Teachers’ Venture Growth to expand into North America market
The fresh funds follow a $140 million round in March 2025 led by Partners Group and KKR, with TVG acquiring its stake through a mix of primary and secondary transactions.
SuperOps partners with AWS to launch agentic AI marketplace
Developed in partnership with Amazon Web Services (AWS), the marketplace will open in beta this September.
Stock broking firm Fyers launches stock market analysis tool integrated with OpenAI’s ChatGPT
FIA GPT is trained on Indian financial markets and can answer queries in plain English on areas such as portfolio performance, sector exposure, stock highs and lows, options chain analysis, and order book monitoring.
Swiggy’s Instamart reclaims second spot from Zepto in quick commerce, surges ahead on net merchandise value
Based on NMV, Blinkit had a 52 percent market share, Swiggy was number two with a market share of 25 percent and Zepto was in third place with a 23 percent market share, the data, accessed by Moneycontrol, showed.
Peak XV Partners to join quick-commerce race with investment in fashion startup Zilo
This will mark the VC firm’s first quick commerce investment since its $500,000 seed bet in Grofers (now Blinkit) in 2014.
India’s AI startup funding jumps 50% to $665 million as investors chase targeted applications
Deeptech, generative AI and computer vision are among the top-funded sectors in 2025, reflecting investors’ focus on specialised and high-potential applications
IMPS transaction volumes hit four-year low as UPI surges in popularity
IMPS is often used by customers for high-value transactions, with the average value of transactions being higher than Rs 13,000 in July this year, compared to UPI's Rs 1,300
Rapido's standalone food delivery Ownly goes live on Play Store
The app’s landing page, similar to that of Swiggy, has a purple backdrop. The app focuses on food items that are priced below Rs 150. In fact, most of its north Indian food items, like chapati, rice, eggs and others are all priced below Rs 100.
NPCI to stop UPI person-to-person 'collect requests' from October to combat fraud
A 'collect request' or 'pull transaction' allows a user to request money from another user through UPI. While such person-to-person transactions are being discontinued, merchants will be allowed collect requests
Nazara Tech's Q1 revenue nearly doubles to Rs 498.8 crore, profit jumps to 51.3 crore
Nazara's Q1 growth was led by strong performances from its recent gaming acquisitions, Fusebox and Curve Games, as well as existing titles like Animal Jam.
Bhavin Turakhia-led Titan partners with GoDaddy for business email push in developing markets
GoDaddy will integrate Titan’s email product into its Professional Email product, aimed at small businesses and entrepreneurs.
Honasa Consumer Q1 net profit up 2.5 percent to Rs 41.3 crore, revenue rises 7 percent
The firm's revenue from operations rose 7 percent year-on-year (YoY) to Rs 595.3 crore in Q1, up from Rs 554 crore last year, and Rs 533.5 crore in the previous quarter.
Atomic Capital marks Rs 400 crore final close of maiden fund for consumer startups
The firm aims to build a portfolio of 10–12 startups, with an average first cheque size of Rs 10–30 crore and a portion of the corpus reserved for follow-on investments
Pixxel-led consortium to build India’s first private Earth observation satellite network under IN-SPACe’s PPP model
PixxelSpace India, Piersight Space, Satsure Analytics, and Dhruva Space will launch 12 advanced EO satellites to boost India’s geospatial capabilities.
DPIIT joins hands with Hero Moto and Zepto to back early-stage startups
DPIIT Joint Secretary said support from unicorns is one of the most impactful ways to uplift startups, as they gain from the journey of successful ventures.
AI entertainment startup Dashverse raises $13 million funding led by Peak XV Partners
Dashverse is building AI-powered tools and platforms such as DashReels and Frameo.AI to help creators develop mobile-first entertainment content
Pronto raises $11 million from General Catalyst, Glade Brook Capital to scale 10-minute home services
The company will use the funds to expand its shift-based home services model to Mumbai, Bengaluru and other metros over the next 12-18 months.
Peak XV backed Elivaas bags $10.4 million to scale luxury rentals worldwide
We see a fast growing opportunity to leverage second homes supply to provide premium travel experiences in India via alternate accommodation, said Nikhil Marwaha, Partner, Vertex Ventures Southeast Asia & India.
Speciale Invest raises Rs 600 crore for third fund to boost India’s deep-tech and sovereign-tech sectors
The fund close comes amid growing investor interest in India’s deep-tech sector, fueled by strong policy support, shifts in global supply chains, and an expanding pool of commercially astute technical founders.
India’s humanoid robots are getting factory-ready: Meet Sherpa Mecha by Ati Motors
The company says its Sherpa range is on track to execute over 1 million autonomous missions annually, serving factories from India to Southeast Asia, the US, and Mexico.
E-pharmacy Truemeds raises $85 million in funding led by Accel, Peak XV
The capital will fund expansion of fulfillment centers beyond metros, bolster engineering and product teams, and establish a new Bengaluru office to leverage India’s tech talent pool.
Banks recommend new GST slab of Rs 1 crore to curb merchants ditching digital payments
DFS sought comments from banks, RBI and NPCI on the existing GST slab of Rs 40 lakh for shopkeepers, whether it should be raised, and by how much, sources said
SBI Mutual Fund, Permira, others to pick up Rs 450-crore worth of shares in Urban Company in pre-IPO round
Urban Company is being valued at around $1.8 billion, or Rs 15,500 crore, during these transactions where Accel, Bessemer Venture Partners, Tiger Global and Elevation Capital are all selling shares.
