Dhan Crosses 1 Mn Users Mark in Feb; Groww Continues to Lead Stockbroking Space
India's retail broking sector saw active users rise to 45.4 million in February, a 350 k increase from January. Groww maintained its lead, adding 2.65 lakh new clients and reaching a 28.03% market share with 12.75 million users. Emerging platform Dhan crossed the 1 million‑user milestone, holding 2.24% of the market, while Zerodha rebounded with 10 k new accounts after earlier losses. Traditional brokers added modest accounts, but Upstox continued its decline, slipping to a 4.42% share.
Mozark Raises $40 Mn in Series B Round Led by IFC and RMB Capitalworks
Mozark announced a $40 million Series B financing round led by the International Finance Corporation and RMB Capitalworks, with Kalaari Capital also participating. The round follows a prior $10 million seed raise and will fund global expansion and strategic acquisitions. Mozark’s AI‑assisted platform...
Newtrace Raises $6.3 Mn in Pre-Series A Round Led by HDFC Bank, MSIVC
Climate‑tech startup Newtrace secured $6.3 million (₹56.93 crore) in a pre‑Series A round. The financing was led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital, with participation from Peak XV Surge, Aavishkaar, and other investors. Newtrace will use the funds to scale pilot...
Exclusive: Ecofy Set to Raise Rs 380 Cr Led by British International Investment
Ecofy Finance, a climate‑focused NBFC, is raising Rs 380 crore in a Series B equity round led by British International Investment. The round includes Rs 220 crore from BII, Rs 70.5 crore from Finnfund, and continued backing from FMO and Green Growth Equity Fund....
Navi Technologies Swings to Red with Rs 126 Cr Loss in FY25
Navi Technologies posted an Rs 126 crore loss for FY25, a marked improvement from the Rs 358.5 crore loss a year earlier, despite an 18% jump in revenue to Rs 2,565 crore. Interest income, which makes up 85% of total revenue, rose 21% while other income...
True Balance Raises $10 Mn in Debt
True Balance, the Indian fintech arm of South Korea’s Balancehero, secured a $10 million debt facility led by Northern Arc Capital and other investors. The funding brings total capital raised to $150 million and diversifies its financing without equity dilution. The debt...
Yes Madam Nears Rs 100 Cr Revenue in FY25; Remains Profitable
Yes Madam, the Noida‑based at‑home salon platform, doubled its operating revenue to Rs 92.5 crore in FY25, up from Rs 45.8 crore a year earlier. Product sales now account for 54% of revenue, reaching Rs 50 crore, while services generated Rs 42.5 crore. Despite a 100% rise in...
Stanza Living Turns Profitable in FY25 on the Back of Rs 277 Cr Other Income
Stanza Living reported a Rs 130 crore profit for FY25, reversing a Rs 273 crore loss from the prior year. The turnaround was powered by a Rs 277 crore miscellaneous income line, while operating revenue slipped 6.6% to Rs 545.5 crore. Total expenses fell...
Just Rs 400 Cr Set Aside for Schools over 18 Months, Test Prep Is Main Business: PW’s CFO Amit Sachdeva
PhysicsWallah (PW) posted a robust Q3 FY26, with revenue jumping 34% year‑on‑year to Rs 1,082 crore and a PAT of Rs 102 crore despite one‑time costs. Paid student enrollment rose 21% to 4.4 million, and the company expects to reach five million paid learners this...
Amid Ownership Transition, Sirona’s Revenue Drops to Rs 77 Cr in FY25
Sirona, the Gurugram‑based feminine hygiene brand, saw its FY25 revenue drop 23% to Rs 77 crore after a turbulent ownership transition. The company was bought back by its founders earlier this year for roughly Rs 150‑180 crore, far below the Rs 450 crore Good Glamm paid...
D2C Brand Bonkers Corner Raises $10.5 Mn at $48 Mn Valuation
Omnichannel streetwear label Bonkers Corner announced a Rs 95 crore ($10.5 million) Series A round, led by India SME Investment Fund and joined by Radhakrishna Ramnarain, Namita Thapar and over 20 angels. The funding values the company at roughly Rs 430 crore ($48 million) post‑money. For FY 2025 the...
Healthtech Startup Cent Secures Funding From OneFlow, South Park Commons
Healthtech startup Cent announced an undisclosed funding round backed by OneFlow Holdings and South Park Commons. The Bengaluru‑based company, founded by Practo’s Shashank ND alongside veterans from Lenskart and Ola Electric, is developing an AI‑driven platform that screens for early...
Rentomojo Sets Stage for IPO with Public Entity Conversion
Rentomojo has formally converted from a private to a public limited company, clearing a regulatory hurdle ahead of its anticipated IPO in FY27. The Bengaluru‑based rental platform now serves over 220,000 active subscribers, manages more than 770,000 items, and operates...
Healthtech Startup TruDoc Raises $15 Mn in Pre-Series B Round
TruDoc Healthcare announced a $15 million pre‑Series B round led by the Al Nahyan and Al‑Ketbi families, with existing backer Pulsar Capital. The capital will fuel the rollout of its virtual‑first platform and at‑home critical‑care services throughout the Gulf Cooperation Council. The startup...
MakeMyTrip to Acquire Majority Stake in Flamingo Transworld
MakeMyTrip has signed an agreement to acquire a majority stake in regional tour operator Flamingo Transworld, though the purchase price remains undisclosed. Flamingo, with a 30‑year history, runs group travel packages across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh through 51...
Cheerio AI Raises Rs 8 Cr in Seed Round Led by Artha Venture Fund
Cheerio AI, an AI‑powered customer engagement platform, secured Rs 8 crore in seed funding. The round was led by Artha Venture Fund II with participation from Hyderabad Angels, TiE Angels, LetsVenture and others. Funds will fuel development of multi‑modal AI, a proprietary...
Exclusive: Rainmatter Leads InfinityBox’s Pre-Series A Round
InfinityBox, a Jaipur‑based reusable packaging startup, closed a pre‑Series A round of ₹14.1 crore, led by existing backer Rainmatter. The round also saw participation from AAR EM Ventures, Capital‑A and an individual investor, bringing the post‑money valuation to roughly ₹87 crore. Revenue surged 3.1‑fold...
Captain Fresh Acquires Spain-Based Tuna Processor Frime
Captain Fresh, the Bengaluru‑based seafood supply‑chain firm, has completed the acquisition of Spain’s tuna processor Frime, adding a €180 million revenue stream and a 20% share of Europe’s yellowfin tuna market. Frime brings four production sites, a 27,800‑tonne annual processing capacity,...
Moneyboxx Finance Raises Rs 33.4 Cr in Equity to Accelerate Growth
Moneyboxx Finance, an RBI‑registered NBFC focused on micro‑entrepreneurs in rural India, has raised Rs 33.4 crore through a preferential equity issue. The company allotted 44 lakh shares at Rs 76 each, bringing its total equity raised since inception to Rs 303.9 crore. All new capital comes...
Chingari’s Operating Scale Declines 53% in FY25
Chingari, the Indian short‑video app turned paid private‑live‑streaming platform, reported a 53% year‑on‑year drop in operating revenue for FY25. Revenue fell to Rs 44 crore, while the company’s loss narrowed to Rs 8.8 crore after cutting expenses by more than half. The pivot shifted...
Exclusive: KaarTech Raises Rs 100 Cr From Playbook Partners
KaarTech, a Chennai‑based digital transformation consultancy, secured a Rs 100 crore ($11 million) Series B round from Playbook Partners. The funding follows a 56 % YoY revenue surge to Rs 718 crore in FY25 and the company’s first profitable year, posting Rs 7.74 crore net profit. Post‑money valuation is...
Exclusive: Games24x7 to Acquire 24% Stake in Stock Broking App Wiseowl’s TIQS
Games24x7 is acquiring a 24% stake in Wiseowl Securities for ₹9.1 crore and extending an ₹18 crore short‑term loan. Wiseowl, through its Butterfly Broking platform, offers trading across equities, derivatives, commodities and currency on NSE and BSE. The transaction marks a strategic shift...
AgroStar Crosses Rs 850 Cr Revenue in FY25; Cuts Losses
AgroStar reported Rs 853 crore operating revenue for FY25, a 14.2% increase over FY24, while cutting its net loss by 56% to Rs 143.5 crore. Product sales, which account for 97% of revenue, grew 14.5% to Rs 827 crore. The...
Bubble Me Raises Rs 1.5 Cr in Pre-Seed Round Led by AJVC
Bubble Me, a Chandigarh‑based wellness startup, secured Rs 1.5 crore in a pre‑seed round led by AJVC. The funding will accelerate magnesium research, product testing, and supply‑chain enhancements. Bubble Me’s current lineup includes magnesium bath soaks, a topical balm, and a daily...
Exclusive: Artium Academy to Raise Fresh Funds at over 4X Valuation Premium
Artium Academy, an online music‑learning platform, is raising Rs 19.2 crore ($2.13 million) in a Series A round led by Jejurikar Longevity Trust, with Savitha Ramesh and existing backer Chiratae Ventures participating. The company will issue 60,450 CCPS at Rs 3,176 each, pushing its post‑money valuation to...
Exclusive: Mintoak Plans to Acquire Dubai-Based ICC Loyalty
Mintoak, the Mumbai‑based merchant SaaS platform, will raise Rs 80 crore in debt through non‑convertible debentures issued by BlackSoil to fund the acquisition of Dubai‑based loyalty‑tech firm ICC Loyalty. This marks the company’s second acquisition in twelve months, after buying Digiledge in...
Ola Electric Shares Sink to All-Time Low After 47% Drop in Monthly Sales
Shares of Ola Electric Mobility fell to a record low of Rs 23.82 on March 2 after February sales plunged 47% to just 3,968 units, pushing its market share to 3.55% and out of the top five EV scooter makers. The overall...
Oxyzo Forays Into Fund Management with Launch of Credit Fund I
Oxyzo has entered fund management by launching Oxyzo Credit Fund I (OCF‑I) through its new subsidiary, Oxyzo Investment Manager Private Limited. The Category II AIF targets secured credit for mid‑sized, investment‑grade companies and has completed its first close, with investors ranging...
Profitable Bootstrapped D2C Brand Blue Tea Projects Rs 65 Cr Sales in FY26
Bootstrapped herbal wellness brand Blue Tea posted Rs 37 crore revenue for FY25, a 46% year‑on‑year increase, while remaining profitable. The company’s annual recurring revenue rose 68% and net profit in India jumped 75% despite a slight profit dip caused by...
Deepinder Goyal’s New Startup Temple Raises $54 Mn at a $190 Mn Valuation
Deepinder Goyal’s new venture Temple closed a $54 million friends‑and‑family round, valuing the stealth‑mode startup at roughly $190 million post‑money. Goyal contributed ₹104.07 crore, while Steadview Capital, Dharana Fund, Peak XV Partners and Aaroh Fund led the institutional side. More than 30 Temple employees...
Cars24 Reports 10% Revenue Decline in FY25; Losses Rise Marginally
Cars24 India posted a 10% drop in gross revenue to Rs 6,233 crore for FY25, following a 25% growth surge in FY24. The decline was driven by an 11% fall in auction and retail sales, while net losses widened 9% to Rs 543 crore....
Table Space Gears up for Rs 1,000 Cr IPO; to Raise Rs 200 Cr in Pre-IPO Round
Table Space, the managed workspace provider founded in 2017, is gearing up for an IPO that could raise up to Rs 1,000 crore, with a Rs 200 crore pre‑IPO private placement already approved. The pre‑IPO round represents 20% of the fresh issue size. The...
Voice AI Startup Origa Raises $450K Led by Antler Singapore
Origa, a voice‑AI startup focused on consultative pre‑sales conversations, closed a $450,000 funding round led by Antler Singapore, bringing its total capital to $1 million. The company will use the capital to grow its engineering team, enhance product capabilities, and scale...
Spintly Raises $8 Mn From Accel, ENRISSION India and Others
Proptech startup Spintly announced an $8 million Series A round, led by Accel with participation from ENRISSION India, Chakra Growth Fund, Alumni Ventures and Spyre VC. The financing follows a Rs 3.5 crore seed extension last year and an earlier $5.36 million round, underscoring investor confidence...
FNP Posts Rs 861 Cr Revenue in FY25; Cuts Losses
Ferns N Petals posted operating revenue of Rs 861.5 crore for FY 2025, a 22 % increase over the prior year, driven primarily by product sales. The company narrowed its net loss to Rs 22 crore, an 8.3 % reduction, though EBITDA and ROCE remained negative at -1.25 %...
Info Edge Launches Rs 250 Cr Growth-Stage Investment Fund
Info Edge has unveiled B8 Fund‑I, a Rs 250 crore growth‑stage investment vehicle targeting tech‑enabled companies in India. The fund marks the firm’s first dedicated later‑stage platform and may expand beyond the initial capital through external sponsors. It complements Info Edge’s existing...
Defence-Tech Startup Constelli Raises $20 Mn Led by General Catalyst
Defence‑tech startup Constelli announced a $20 million Series A round led by General Catalyst, with participation from 360 One Asset Management and existing backer Pravega Ventures. The capital will fund R&D for next‑generation electronic warfare and communication payloads across drones, ground systems, naval...
Uber Pumps Rs 3,000 Cr in India to Compete New Leader Rapido
Uber has injected nearly Rs 3,000 crore (about $330 million) into its Indian subsidiary, Uber India Systems Pvt Ltd, after reporting an 89 % plunge in net ride‑hailing revenue to Rs 88 crore in FY25. The capital raise involved issuing 14.4 million equity shares at Rs 2,022.85 each,...
Prayaan Capital Raises Rs 110 Cr in Series A Round Led by Peak XV
Prayaan Capital announced a Rs 110 crore Series A round led by Peak XV Partners. The funding will fuel the build‑out of a technology‑enabled lending platform, expand its team and deepen presence in key Indian MSME markets. Founder Rangarajan Krishnan, who recently took a controlling...
Nail Care Brand Nailinit Raises Pre-Seed Round
Nailinit, an Indian nail‑care brand, secured a pre‑seed round of Rs 2.5‑3 crore. The round was co‑led by Gruhas Collective Consumer Fund and Marsshot VC, with participation from several angel investors including Razorpay co‑founder Shashank Kumar. The capital will fund expansion across...
Peak XV Leads $2.5 Mn Round in Companion Labs
Companion Labs announced a $2.5 million seed round led by Peak XV’s Surge, with participation from All In Capital, UntitledVC, DeVC and angel investors. The Bengaluru‑based startup builds AI‑driven, entertainment‑led experiences for India’s vernacular and culturally diverse audiences, focusing on languages such as...
Wint Wealth Revenue Jumps 2.6X in FY25; Cuts Losses by 60%
Wint Wealth, the Bengaluru‑based debt investment platform, posted operating revenue of Rs 44.5 crore in FY25 – a 2.6‑fold increase from the prior year – while narrowing its losses by more than 60% to Rs 8.2 crore. Interest income from debt securities, which now...
ZeroHarm Sciences Raises Rs 65 Cr in Series A Round
ZeroHarm Sciences, a nano‑formulated plant‑based nutraceutical brand, secured Rs 65 crore ($7.15 million) in a Series A round led by Kotak Alternate Asset Managers and Alkemi Growth Capital. The funding will fuel national brand building, international expansion into the US, UK and Middle East,...
Home Essentials Raises Rs 70 Cr in Pre-Series B Led by 360 ONE Asset
Home Essentials, a Gwalior‑based D2C home and kitchen brand, secured Rs 70 crore in a pre‑Series B round led by 360 ONE Asset with participation from India Quotient. The funding follows a $2.2 million seed round and will finance expansion of its omnichannel footprint and product...
OYO’s Parent PRISM Appoints Former SEBI Chairman Ajay Tyagi as Independent Director
PRISM, the holding company behind OYO, has named former SEBI chairman Ajay Tyagi as an independent director. Tyagi brings extensive regulatory experience from his 2017‑2022 tenure at SEBI and prior senior roles in the Ministry of Finance. PRISM operates more than...
SleepyCat Reports Rs 98 Cr Revenue and Rs 9 Cr Loss in FY25
SleepyCat posted a 44% jump in FY25 operating revenue, reaching roughly Rs 98 crore, while its losses widened to Rs 9 crore. The direct‑to‑consumer mattress maker saw material costs rise 52% and advertising spend climb 46%, pushing total expenses up 44% year‑on‑year. Finished‑goods sales...
Healthcare Platform Gut Clinic Raises $1 Mn in Seed Round
Gut Clinic, a gastro‑metabolic health platform founded in 2024, secured $1 million (≈₹9 crore) in a seed round backed by more than 15 investors. The capital will fund new outpatient centres, upgraded clinical systems, and expanded diagnostic services across India’s $197 billion preventive...
Coronation Fund Manager Hikes Stake in Ixigo to over 5%
Coronation Fund Managers Ltd increased its holding in Indian travel platform Ixigo to 5.03%, up from 4.99%, after buying 183,322 shares on the open market. The move follows Prosus’s recent boost to roughly a 15% stake via an off‑market transaction....
Exclusive: Newtrace to Raise Pre Series A Funding Led by HDFC Bank
Climate‑tech startup Newtrace announced a Rs 28 crore pre‑Series A round, led by HDFC Bank with participation from Mitsui Sumitomo Insurance and existing backers. The funding, issued via 2,541 convertible preference shares, keeps the post‑money valuation flat at Rs 237 crore ($26 million). Proceeds will fund product...
Student Mobility Startup ZeroMoblt Raises Pre-Seed Round
ZeroMoblt, a student‑mobility platform founded in April 2024, announced a pre‑seed round of ₹1.5 crore co‑led by JioMart CEO Sandeep Varaganti, Ashok Agrawal and high‑net‑worth investors. The capital will accelerate its AI‑native technology, expand operations across key Indian education hubs, and...