Startup

Meesho inches closer to IPO with NCLT approval to flip back to India

A complete flip back to India is necessary for Meesho if it wants to list on the bourses here.

Spinny raises $40 million from WestBridge in extended funding round

WestBridge has joined Accel, Elevation, Tiger Global in Spinny’s extended round at flat $1.7 billion valuation. This marks the largest fundraise in India’s used-car startup space since 2021

Amazon officially enters quick commerce race with ‘Now’ launch in Bengaluru

The launch follows a pilot run in December last year. Amazon plans to scale up its presence in Bengaluru in the coming weeks, before expanding to other cities

Krutrim’s agentic AI app 'Kruti' aims to go beyond Ola, may integrate with Uber, Swiggy, others

Currently, Kruti AI is integrated only with the Ola group for services like cab booking and food ordering. However, Krutrim plans to make it a cross-platform personal assistant that cuts across app silos.

Bad loan sale, credit shock push Kinara Capital into Rs 351-crore loss, trigger audit red flag

The Nuveen-backed MSME lender sold stressed assets to an ARC at a steep loss in FY25 amid rising covenant breaches and credit stress

Hornbill, MUFG to lead Dhan's $200 million fundraise at over $1 billion valuation

Dhan has agreed on a deal with Hornbill and MUFG. Dream11's Harsh Jain is also doubling down on his bet. The company is also in discussions to pick a third investor between ChrysCap, TPG and Alpha Wave, sources said. Moneycontrol was first to report about Dhan's deal back in July 2024.

Groww reports a 3x growth in profits at Rs 1,819 crore, revenue grows 31% to Rs 4056 crore

The relatively high growth and profitability come as a shot in the arm for the Bengaluru wealthtech platform ahead of its IPO plans

Travel fintech Scapia launches Rupay credit card to target UPI payments, merges credit line and statement with Visa card

Customers are frustrated with the long bank statements because of the UPI payments, and the company’s dual cards with a single statement offer them a unique solution to merge all their payments into one app

Startup Street | The persisting appeal of ‘bad boy’ entrepreneurs

It is the blunt, abrasive but out-of-the-box thinking that excites investors who don’t mind giving entrepreneurs who have caused more than their fair share of heartburn, a second chance or more

IPO-bound Meesho to finalise India flip back in coming days

Flipping its headquarters back to India is the last step for IPO-bound Meesho before it proceeds to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

Pine Labs Group CFO Marc Mathenz quits ahead of planned $1 billion IPO

Mathenz has quit citing personal reasons, sources told Moneycontrol. Pine Labs is yet to pick a successor and name a new CFO.

Polygon Foundation names co-founder Sandeep Nailwal as CEO in a strategic shift

L2 blockchain firm Polygon is gearing up for business strategy overhaul under Nailwal’s leadership

Pixxel wins fresh defence grant to build advanced hyperspectral, MWIR payloads for Indian Air Force

The new funding will support Pixxel’s work on imaging payloads aimed at enhancing India’s airborne and space-based surveillance capabilities.

Uni Cards spin-off wealthtech platform PowerUp Money raises $7.1 million from Accel, Blume, others

Led by Uni Cards co-founder Prateek Jindal, PowerUp was originally incubated within the credit card startup as a separate platform but has now been carved out as an independent entity following the fundraise.

Meesho converts to public entity ahead of $1 billion IPO

Such a move is typical with IPO-bound companies, including Swiggy in the past and Lenskart more recently. Meesho, however, has to wait to flip back from Delaware in the US to India before proceeding with its IPO.

Fintech Slice set to launch Rupay credit card months after merger with NESFB

At its peak, Slice had more than 2 million pre-paid cards in circulation, challenging several mid-tier private sector banks' credit-card business

With a focus on meals below Rs 150 and offline-equal prices, Rapido’s Ownly is a zero commission food delivery model for Bharat

Rapido will aim to take on the long held duopoly enjoyed by Zomato and Swiggy in the online food delivery space. As it happens, Swiggy is an investor in Rapido.

How Mumbai's biggest startup founders are TEAM-ing up to launch an investment collective

TEAM Angels will be backing and mentoring early stage startups headquartered in Mumbai. The angel network includes some of the most prominent startup founders of India.

Zomato introduces long-distance fee, rider assurance plan for restaurants to boost order margins

Zomato's parent, Eternal, has also proposed a new visibility assurance plan for brands where they can pay around Rs 6,000-6,500 each month, for each restaurant identification (RID), and boost rider availability for their business, sources told Moneycontrol.

Fintechs hopeful of revival in credit growth after RBI's big rate cut

There are some concerns about the speed of transmission of lower rates to NBFCs and fintechs, with some expecting this to take a quarter but there are others who expect at least six months

Wellness startup Biopeak raises $3.5 million in seed funding from Ranjan Pai office, Accel's Prashanth Prakash, others

The company, which opened its first clinic in Bengaluru in March 2025, combines molecular diagnostics, high-resolution imaging, and non-invasive testing to assess early signs of physiological changes.

Fintech startup Decentro raises Rs 30 cr in series B round led by InfoEdge Ventures, others

The Y-Combinator-backed firm is also moving its headquarter from Singapore to India, and the process is estimated to be completed within the next 12 months.

Walmart-owned Flipkart names Ravi Iyer as new CFO

Sriram Venkataraman will continue to be the CFO of the Flipkart Group, the memo, reviewed by Moneycontrol, showed.