Globalbees Increases Stake in Candes to 92%
Globalbees Brands, a subsidiary of Brainbees Solutions, bought an additional 30% stake in Candes Technology for about $449 per share, raising its ownership from 62% to 92%. The cash transaction closed on March 31, 2026, giving Globalbees near‑full control of the smart‑home appliance maker. Candes, founded in 2021, targets the affordable consumer electronics segment with products like fans, geysers and kitchen appliances. Meanwhile, Brainbees reported a 12% revenue rise for FirstCry to roughly $292 million, but its quarterly losses widened to $4.6 million.
Rediff Files Confidential IPO Papers; Targets Rs 600–800 Cr Fundraise
Legacy internet pioneer Rediff.com India Limited has filed confidential draft papers with SEBI to raise between Rs 600 crore and Rs 800 crore (approximately $72‑96 million) in an IPO. The filing uses India’s confidential pre‑filing route, allowing the company to postpone disclosure of valuation and...
Lahori Zeera Revenue Spikes 73% to Rs 540 Cr in FY25, PAT Remains Flat
Indian beverage upstart Lahori Zeera posted FY25 revenue of Rs 540 crore (~$65 million), a 73% jump from the prior year, while net profit held steady at Rs 25 crore (~$3 million). The surge was driven by higher sales of its signature jeera, nimboo...
Exclusive: Meridian Global Nears Controlling Stake in Cygni Energy with Fresh Funding
Meridian Global Ventures is poised to acquire a controlling 49.23% stake in Indian battery‑storage startup Cygni Energy after a fresh Rs 60 crore (~$6.4 million) infusion. The capital raise, executed via 416,667 compulsorily convertible preference shares, lifts Cygni's post‑money valuation to roughly Rs 244 crore...
Merak Ventures Leads Pre-Series A Round in CredResolve
CredResolve, an AI‑driven debt‑collections infrastructure startup based in Gurugram, closed an undisclosed pre‑Series A round led by Merak Ventures, with existing backers Unleash Capital Partners and CDM Capital participating. The company previously raised a $1.1 million seed round and a $100 K angel...
Cross-Border Payments Infra Startup OpenFX Raises $94 Mn From Accel, Lightspeed, Others
OpenFX, a fintech infrastructure provider for instant cross‑border payments, closed a $94 million round led by Accel, Lightspeed Faction, M13, Northzone and Pantera, valuing the company at roughly $500 million. The startup, founded in 2024, leverages a stablecoin‑native network to cut settlement...
Citykart Appoints Rohit Goyal as CFO
Citykart, the Indian value‑fashion retailer targeting tier‑II, III and IV cities, announced the appointment of Rohit Goyal as chief financial officer. Goyal brings over 20 years of finance leadership from GlobalBees, OYO Hotels, Rivigo, Bharti Airtel, PepsiCo and LG Electronics. The hire...
Eloelo Burns Rs 59 Cr on Ads to Generate Rs 69 Cr Revenue in FY25
Eloelo, an Indian social‑entertainment platform, posted FY25 revenue of about Rs 69.5 crore (~$8.4 million), driven entirely by in‑app purchases and a modest Rs 6.3 crore (~$0.8 million) non‑operating income. Advertising and promotions were the biggest expense, rising 46% to Rs 59 crore (~$7.1 million), while creator payouts jumped...
Wealthtech Startup Bachatt Raises $12 Mn in Series A Led by Accel
Bachatt, an AI‑driven savings and wealth platform focused on India’s self‑employed, closed a $12 million Series A round led by Accel, with Lightspeed and Info Edge Ventures also participating. The funding follows a $4 million seed raise last year and will be used...
Razorpay Introduces RBI-Compliant Biometric Authentication Solution ‘Passkey’
Razorpay has launched “Passkey,” an RBI‑compliant biometric authentication solution for online card payments, developed with Mastercard and slated to integrate Visa soon. The technology leverages device‑bound fingerprints or facial scans, removing the need for one‑time passwords that cause roughly 35%...
HegdInvst Leads $5 Mn Pre-Series A Round in NBFC Dugar Finance
Chennai‑based NBFC Dugar Finance secured a $5 million (≈ Rs 45 crore) pre‑Series A equity round led by growth‑equity AIF HegdInvst. The capital follows a prior $18 million (≈ Rs 160 crore) debt raise and a $3 million Green Basket Bond tranche. Dugar Finance will allocate the new funds to...
Fanon Raises Pre-Seed Round Led by Kalaari Capital and Gruhas
Fanon, a fandom‑centric storytelling platform, closed a $1 million pre‑seed round led by Kalaari Capital and Gruhas. The funding will fuel its ambition to grow the user base beyond one million and launch monetisation tools for fan creators. Founded in 2024,...
Exclusive: FreshToHome Set to Bag Another Debt Round Led by BlackSoil
FreshToHome is close to securing about $16 million in debt across two tranches, the latest led by BlackSoil with $7.2 million and Stride Ventures contributing $1.8 million via OCRPS. The round adds to a prior $9 million January debt and follows a $104 million Series D...
Nazara to Raise Rs 500 Cr via Warrants; Board Clears Rs 4 Cr Loan to Smaaash
Nazara Technologies approved a preferential warrant issue to raise up to Rs 500 crore (~$60 million), issuing 1.92 crore warrants at Rs 260 each, convertible within 18 months. The capital will fund acquisitions of Bluetile Games and BestPlay Systems, for which Nazara already paid about...
Bacancy Systems Raises Rs 40 Cr Led by Sabre Partners and Greenstone Capital
Bacancy Systems, an Indian startup that builds embedded electronics for electric vehicles and railway applications, secured a Rs 40 crore (approximately $4.8 million) Series A round led by Sabre Partners and Greenstone Capital. The capital will fund expanded manufacturing capacity, accelerated product development, and...
Cedar Hill Capital Leads $1.5 Mn Round in Fraud Intelligence Startup Sign3
Early‑stage VC Cedar Hill Capital led a $1.5 million financing round for Gurugram‑based fraud‑intelligence startup Sign3. The round also included existing backer Smile Group and angels such as Rajesh Sawhney, Dinesh Agarwal, Anup Agarwal and Vinay Bagri. Sign3’s AI‑native platform, used by...
Unicorn India Ventures Leads Rs 12 Cr Pre-Series A Round in Agritech Startup Cropcoin
Cropcoin, a Gurugram‑based agritech startup, raised Rs 12 crore (approximately $1.45 million) in a pre‑Series A round led by Unicorn India Ventures, with Climate Angels also participating. The capital follows a prior $300 k round and a $169 k seed, and will fund expansion from 10...
Electronics only Quick Commerce Startup Epik Raises $1 Mn Led by Info Edge Ventures
Electronics‑focused quick‑commerce startup Epik has secured $1 million in a pre‑seed round led by Info Edge Ventures, with additional angel participation. The Bengaluru‑based company uses a “try and buy” model that delivers demo‑ready products to customers’ homes within 60 minutes, allowing...
Exclusive: Gnani.ai Kicks Off Series B Round Led by Aavishkaar Capital
Gnani.ai, a Bengaluru‑based voice‑first generative AI startup, announced a Series B funding round of Rs 68 crore ($7.2 million) led by Aavishkaar Capital. The round values the company at roughly Rs 818 crore ($87 million), up from Rs 204 crore in its prior raise. Proceeds will be used...
D2C Innerwear Brands XYXX, DaMENSCH Scale up in FY25, Profitability Remains Elusive
India’s D2C men’s innerwear startups XYXX and DaMENSCH posted strong top‑line growth in FY25, with XYXX’s revenue rising 46% to roughly $22.5 million and DaMENSCH’s up 34% to $14.2 million. Despite the scale boost, both firms remained loss‑making, though XYXX cut its...
Zetwerk Files Confidential IPO Papers: Report
Indian B2B e‑commerce unicorn Zetwerk has submitted confidential draft papers for an IPO, aiming to raise up to Rs 4,200 crore (about $450 million). The company is also exploring a pre‑IPO placement of Rs 500 crore at a $3 billion valuation. In FY25, revenue fell 11%...
Urban Company’s InstaHelp Crosses 1 Mn Bookings in March
Urban Company's on‑demand housekeeping arm, InstaHelp, surpassed 1 million delivered bookings in March, with three days remaining in the month. The service, operating in five major Indian cities, boasts 10‑15‑minute fulfillment times and recorded over 50,000 daily orders in February. InstaHelp...
Info Edge Exits Shopkirana via Swap Deal with Udaan’s Parent Trustroot; to Invest Rs 250 Cr in A88 Fund
Info Edge approved a strategic swap, selling its 26.14% stake in Shopkirana E Trading to Trustroot Internet for $32.97 million and receiving preference shares that give it a 2.13% indirect holding in Trustroot. The company will also inject $1.72 million, bringing total...
MTandT Rentals Raises Rs 100 Cr From ValueQuest S.C.A.L.E. Fund II
MTandT Rentals, a Chennai‑based provider of aerial work platforms and ground‑protection access solutions, secured ₹100 crore (approximately $12 million) from ValueQuest S.C.A.L.E. Fund II, marking its first institutional round after a prior ₹62 crore seed raise. The capital will fund nationwide expansion and enable...
Update: Bellatrix Aerospace Raises $20 Mn in Pre Series B Round
Bellatrix Aerospace, a Bengaluru‑based spacetech startup, closed a $20 million pre‑Series B round led by Cactus Partners, with participation from Hero Investment Office, 35 North Ventures and existing backers. The financing values the company at roughly $105 million, a 2.7‑fold increase from its previous...
Pavestone Leads $3 Mn Seed Round in Lending Solutions Platform Uncia
Uncia, an AI‑native lending‑technology platform, closed a $3 million seed round led by Hyderabad‑based venture capital firm Pavestone. The capital will fuel accelerated growth in India and support expansion into the MENA region and North America. Founded in 2020, Uncia offers...
Pet Care Startup Vetic Reports Rs 63 Cr Revenue and Rs 66 Crore Loss in FY25
Indian pet‑care platform Vetic posted FY25 revenue of roughly $7.6 million, a 2.5‑fold jump from the prior year, but its net loss widened 63% to about $8 million. The surge was driven by strong growth in both pet‑food sales, now 46% of...
Namma Yatri Parent Moving Tech Acquires Automicle to Enter Europe
Moving Tech Innovations, the Bengaluru‑based parent of Namma Yatri, has acquired Netherlands‑based Automicle Holding BV to launch its zero‑commission, community‑led mobility platform in Europe. The deal gives Moving Tech a foothold in European cities, where it plans to replicate its...
Uber Discontinues Shuttle in Delhi NCR, Shifts Focus to B2B Employee Transport Services
Uber announced the discontinuation of its Shuttle bus service in Delhi NCR, effective March 27, marking the exit of its bus‑based commute offering from India’s last remaining market. The move follows similar shutdowns in Mumbai and Hyderabad, which were attributed...
Pentathlon Ventures Closes Fund II at Rs 255 Cr
Pentathlon Ventures closed its second fund at Rs 255 crore (≈ $31 million), targeting 16–20 seed‑stage B2B tech startups. The fund expands its focus to enterprise AI transformation, fintech, healthtech, cybersecurity, logistics and manufacturing. Backed by family offices, HNIs and entrepreneurs across India, the...
Scalefusion Unveils the Future of Endpoint Management at 33rd Convergence India Expo
Scalefusion showcased its unified endpoint management vision at the 33rd Convergence India Expo in Delhi, demonstrating its UEM, OneIdP, and Veltar solutions. The startup highlighted a single‑agent platform that merges device management, zero‑trust identity, and compliance security. Thousands of attendees...
ELMED Life Sciences Raises $2.7 Mn in Series A From NABVENTURES
ELMED Life Sciences secured a $2.7 million Series A round led by NABVENTURES' AgriSURE Fund. The capital will fund new manufacturing capacity in Hyderabad, R&D acceleration, and broader distribution across Indian tier‑2/3 regions and overseas markets. ELMED develops probiotic and microbiome‑based products...
Deccan AI Raises $25 Mn From A91 Partners, Prosus and SIG
Deccan AI announced a $25 million Series A round led by A91 Partners, with participation from Prosus Ventures and SIG. The capital will fuel the startup’s push into enterprise‑focused AI tools, including monitoring and workflow automation platforms. Deccan AI, founded by Rukesh...
Dream Sports to Launch Stockbroking Platform Dream Street
Dream Sports, the parent of fantasy‑sports platform Dream11, announced it will launch a stockbroking service called Dream Street. The brokerage, aimed at retail investors, builds on the company’s recent wealth‑management app Dream Money and will tap the large Dream11 user...
Rocketlane Raises $60 Mn in Series C Led by Insight Partners
Rocketlane, the Chennai‑based professional services automation platform, closed a $60 million Series C round led by Insight Partners, bringing its total capital raised to $105 million. The funding will accelerate development of its AI‑driven Nitro execution agents, deepen enterprise go‑to‑market initiatives, and support...
91trucks Acquires Motorfloor and Trucksfloor Operator Indiyanet
India’s leading digital commercial‑vehicle marketplace 91trucks has acquired Motorfloor and Trucksfloor, the two platforms operated by Bhubaneswar‑based Indiyanet. The deal merges two of the country’s top‑traffic sites, creating a more comprehensive buying and selling experience for trucks, buses and three‑wheelers....
Fintech Startup Kiwi Appoints Sumeet Basrani as CBO
Fintech startup Kiwi has named payments veteran Sumeet Basrani as its new Chief Business Officer, bolstering the firm’s leadership as it pivots toward mass‑scale credit distribution on India’s UPI network. Basrani arrives with more than 15 years of experience at...
Fashion Supply Startup Thread Factory Raises Pre-Seed Funding Led by AJVC
Thread Factory, a B2B fashion‑supply platform, secured a pre‑seed round of about $180,000, led by AJVC. The funding will boost its technology stack, expand the team, and grow its retailer‑manufacturer network across India. The startup reports an annual recurring revenue...
Kiran Mani Exits JioStar, Joins OpenAI to Lead APAC Expansion
Kiran Mani has left his role as CEO Digital at JioStar to become OpenAI’s Managing Director for the Asia‑Pacific region, starting in June. He will relocate to Singapore, OpenAI’s regional hub, and report to Chief Strategy Officer Jason Kwon. The...
Exclusive: Skyroot Aerospace Bags Rs 100 Cr Debt From BlackRock
Hyderabad‑based spacetech startup Skyroot Aerospace has raised ₹100 crore (≈$10.75 million) in a debt issuance from BlackRock, marking its first debt financing of 2026. The non‑convertible debentures will fund working capital, acquisition of fixed assets and other corporate needs as the firm...
Fast&Up Parent Fullife Healthcare Raises Rs 300 Cr Led by Elev8
Fullife Healthcare, the parent of Fast&Up, secured Rs 300 crore (approximately $36 million) in a Series D round led by Elev8 Venture Partners, marking the investor’s first foray into the direct‑to‑consumer segment. The capital will fund brand acceleration, new product lines in digestive...
Cricketer Riyan Parag Backs Industrial Solutions Startup Proxgy
Cricketer Riyan Parag has invested roughly ₹2 crore (about $240,000) in industrial‑tech startup Proxgy, joining backers Ajinkya Rahane, Nikhil Kamath, Peyush Bansal and Suhail Sameer. Proxgy, founded in 2020, creates IoT‑enabled hardware and AI‑driven software to boost safety and efficiency for blue‑collar workers. The fresh capital...
Euler Motors Raises $47 Mn in Series E Round Led by Lightrock
Euler Motors secured a $47 million Series E round led by Lightrock, complemented by roughly $30 million in debt financing. The funding will boost product development, manufacturing capacity, and its dealer network across India. Revenue grew 12% to about $23 million in FY25 while...
Meesho Launches Gen AI Voice Shopping Assistant Vaani
Meesho, the Bengaluru‑based social commerce platform, unveiled Vaani, a generative‑AI voice shopping assistant that guides users through product discovery to checkout. The system leverages a multi‑agent architecture and edge‑based speech processing to keep latency low and costs down, while supporting...
Pediatric Wellness Startup RN Kids Raises Pre Seed Round
RN Kids, a pediatric wellness startup founded in September 2025, secured a $760,000 pre‑seed round led by Ashish Kacholia and Lashit Sanghvi, alongside several angel investors and family offices. The company plans to launch six clean‑label, clinically backed health products...
E-Waste Recycler Attero Scale Soars 2.2X to Rs 961 Cr in FY25; PAT Remains Flat
Attero’s FY25 revenue surged to Rs 961 cr (≈$116 M), more than double its FY24 level, driven primarily by recycled metal sales. Despite the top‑line boom, net profit barely moved, ending at Rs 14.6 cr (≈$176 k), essentially flat year‑on‑year. Material costs ballooned to Rs 834 cr (≈$100 M),...
Kids-Focused Quick Commerce Platform OZi Raises $6.2 Mn Led by RTP Global
Kids‑focused quick‑commerce startup OZi announced a $6.2 million Series A round led by RTP Global, with participation from existing backers and notable angels such as Kishore Biyani. The funding follows a $3.3 million seed round and will be used to deepen its presence...
Kidbea Secures Rs 30 Cr in Series A Funding Led by Enrission India Capital
Kidbea, a Noida‑based bamboo kidswear brand, closed a Rs 30 crore ($3.2 million) Series A round led by Enrission India Capital, adding to its $1 million pre‑Series A raise. The startup now reports annual recurring revenue of roughly Rs 100 crore (about $12 million) and is expanding its omnichannel...
Solar Financing Platform Metafin Secures $10 Mn Debt From Lendable
Metafin, a solar financing platform for rural Indian MSMEs and households, secured a $10 million structured debt facility from Lendable’s Transportation and Energy Fund. The capital will expand financing for productive-use solar systems, replacing diesel generators in underserved regions. To date,...
As the Creator Economy Scales, Qoruz Is Building for What Comes Next
Qoruz, founded in 2015, has evolved from an Excel‑driven influencer tracking tool into one of India’s most comprehensive creator intelligence platforms. The Bengaluru‑based startup now hosts over 4 million creators, serves 500+ brands, and has driven more than Rs 1,500 crore in brand...