Manufacturing AI startup Frinks AI raises $5.4 million, ropes in former TCS CEO Ramadorai as advisor
The latest round, which brought the total funding to $6.25 million, saw participation from existing investor Chiratae Ventures, as well as Navam Capital and Ashok Atluri, founder of Zen Technologies.
PE firm Multiples closes $430 million continuation fund backed by HarbourVest, TPG NewQuest, others
The fund will extend Multiples’ investments in Vastu Housing Finance, Quantiphi, and APAC Financial Services, with backing from global investors
Value fashion retailer Citykart raises Rs 538 crore in Series B funding led by TPG NewQuest, A91 Partners
The fundraise is a shift in Citykart’s investor base, where early backer Investcorp made a complete exit while India SME Fund continues to hold a minority stake.
Brainbees results: FirstCry parent’s Q4 loss widens to Rs 111.5 crore despite growth in revenue
FirstCry parent's revenue from operations rose 16 percent on year to Rs 1,930.3 crore in Q4FY25, but fell fell 11 percent from Rs 2,172.3 crore a quarter ago.
Iconiq to pump in $150 million in Groww in pre IPO round at $7 billion valuation
The current funding is part of the $300million Series F round where GIC has also put in $150 million
Infibeam Avenues Q4 results: Profit up 20% at Rs 55 crore, revenue rises to Rs 1,160 crore
Infibeam Avenues earnings: The board has approved a Rs 700-crore rights issue to fund consumer app RediffPay launch, AI data centres, international payments and global AI marketplace
Mensa Brands in talks to raise Rs 220–250 crore pre-IPO bridge round, ropes in OLX India CFO
The Tiger Global and Accel-backed firm, which claims to have turned cash flow positive, has also roped in a new Chief Financial Officer (CFO) Akshay Jain from OLX India, replacing its outgoing finance chief and founding member Vinay Juluri, per sources.
Groww files confidential IPO papers with SEBI
Moneycontrol had exclusively reported on May 15 that Groww was set to file confidentially for an IPO with SEBI within two weeks, and was simultaneously raising $150 million from Singapore-based GIC as part of a $250–300 million pre-IPO round.
Zepto's Aadit Palicha accuses rival CFO of targeting quick commerce company with a smear campaign
In the wider quick commerce space, Zepto also counts Flipkart Minutes and Tata BigBasket as rivals.
Zepto's monthly employee costs near Rs 100 crore, reaching 80% of larger rivals Zomato and Swiggy
Zepto’s monthly wage bill of around Rs 100 crore is 80% of what Swiggy and Zomato pay for similar costs, despite having other units like food delivery, dining out, B2B and more. Zepto’s workforce is half of key rivals.
Zerodha’s AI foray wins early fans, but raises questions over assisted investing
Screenshots shared by users demonstrated how easily complex portfolio insights were generated in conversation-like exchanges with the AI.
Honasa Consumer Q4 results: Profit falls 18% YoY to Rs 25 cr, revenue up 13%
According to Chairman and CEO Varun Alagh, the company’s strategic pivot under Project Neev two quarters ago has begun to show results.
Flipkart’s super.money launches cobranded credit card, looks to achieve profitability by year-end
Launched in July 2024, super.money has emerged as the fifth largest UPI app in the country.
MC Exclusive: Prosus plans five IPOs this year; Sees India portfolio hitting $50 billion within three years: CEO Fabricio Bloisi
While Prosus stands to make gains from the IPOs, Bloisi said he wants to put more money on the table, to make India grow faster and is in no rush to sell shares.
Logistics unicorn Shiprocket confidentially files draft IPO papers with Sebi
Zomato and Temasek-backed Shiprocket is looking to raise between Rs 2,000-2,400 crore via its initial public offering (IPO).
Bengaluru-based Minus Zero unveils India's first AI-driven autopilot system for cars
Unlike traditional autonomous systems that depend on LiDAR sensors or HD maps, both of which are costly and often impractical in Indian conditions, Minus Zero’s technology relies only on camera input.
'Banning may be shutting your eyes': Supreme Court flags need to regulate cryptocurrency
Hearing a 2018 crypto fraud case, the court questioned lack of regulation, cited taxation as recognition, and flagged evidentiary challenges in proving digital assets.
MobiKwik reports Rs 122.6-crore loss in FY25 despite surge in payments business
MobiKwik annual revenue stood at Rs 1,192.5 crore, up 34% year-on-year. For the quarter (Q4), posted a loss of Rs 55.8 crore even as payments GMV more than doubled year-on-year to Rs 33,100 crore, driven by strong user and merchant growth.
PhonePe designates top officials as key management personnel after turning into public company
The Walmart-owned PhonePe is the country’s largest mobile payment company with close to 50 percent market share
Quick Ride launches cab pick-up point at Bengaluru airport
The launch comes at a time when passenger commute at Bengaluru airport has worsened following the exit of BluSmart and Refex eVeelz
Myntra takes first step abroad with Singapore launch
To be sure, Myntra will not set up an office in Singapore and the products too will be shipped from India. The company expects shipments to reach in 4-7 days.
Post-Operation Sindoor, India's defence-tech sector set for private funding boom
With the success of indigenous platforms in the spotlight, top defence voices say the moment is ripe for private capital and innovation in India’s military tech space.
IPO-bound Groww to acquire wealth management startup Fisdom for $150 million
The acquisition comes a fortnight before Groww is expected to file for IPO through the confidential route with the markets regulator Sebi
Walmart-owned Myntra to begin operations in Singapore
Myntra is expected to go live in Singapore in the coming weeks and will majorly focus on Indian ethnic wear, among other categories, during the initial period, a source told Moneycontrol.
