Spacetech Startup EtherealX’s Valuation Jumps 6X in Series A
Indian spacetech startup Ethereal Exploration Guild (EtherealX) announced a $20.5 million Series A round led by BIG Capital, issuing 9,763 preference shares at Rs 1,87,920 each. The financing lifts its post‑money valuation to roughly $80 million, a six‑fold jump from the $12 million seed round. Proceeds will fund the development of Razor Crest Mk‑1, a fully reusable medium‑lift launch vehicle capable of delivering up to eight tonnes to low‑Earth orbit. Co‑founders retain 13 % stakes each, while BIG Capital becomes the largest external shareholder at 12.11 %.
ThirdAI Raises $3 Mn Led by Endiya Partners and Capria Ventures
ThirdAI, an India‑US deep‑tech startup, announced a $3 million seed round co‑led by Endiya Partners and Capria Ventures. The funding will fuel product development, expand engineering and go‑to‑market teams in India and overseas, and accelerate deployments with semiconductor toolmakers. ThirdAI’s causal‑AI...
Freshworks Posts $223 Mn Q4 CY25 Revenue, Achieves GAAP Operating Profit
Freshworks reported a 15% year‑on‑year increase in Q4 CY25 revenue, reaching $223 million, and posted its first GAAP operating profit of $40 million. Full‑year 2025 revenue rose 16% to $839 million, turning a $138.6 million loss into a $13.2 million profit. Customer expansion continued, with...
Showroom B2B Raises Rs 150 Cr in Series A Round Led by Cactus Partners
Showroom B2B, a Gurugram‑based fashion supply‑chain platform, secured Rs 150 crore (about $17 million) in a Series A round led by Cactus Partners, with participation from Zephyr Peacock and existing backers. The financing combines equity and debt and follows a $6.5 million pre‑Series A raise in...
Medical Robotics Startup Articulus Surgical Raises Funding From Kalaari Capital
Articulus Surgical, a medical‑robotics startup founded in 2019, has raised an undisclosed round of funding from Kalaari Capital. The capital will be deployed over the next 12‑18 months to speed market roll‑outs, broaden surgeon training programmes, and deepen hospital partnerships....
Indiqube Posts Rs 390 Cr Revenue in Q3 FY26; Losses Rise 21%
Indiqube, a managed workspace solutions provider, reported Q3 FY26 revenue of Rs 390 crore, a 45.5% year‑on‑year increase, bringing total income to Rs 411 crore including non‑operating revenue. Total expenses rose 39% to Rs 434 crore, driven by higher employee...
Clean-Tech Startup PadCare Labs Raises $3 Mn Led by Rainmatter
PadCare Labs, a clean‑tech firm specializing in sanitary‑waste recycling, secured $3 million in a pre‑Series A round led by Rainmatter, with participation from 3one4 Capital, Brigade REAP, PKRBCV Shroff Trust, existing backers and debt from EXIM and ICICI banks. The capital will...
Exclusive: Anushka Sharma-Backed Slurrp Farm Raises Fresh Funds at $90 Mn Valuation
Slurrp Farm, the Gurugram‑based children’s snack and meal brand, secured Rs 30 crore ($3.3 million) in an extended Series C round led by Scarlet Ventures, pushing its post‑money valuation to roughly $90 million. The round follows a two‑year fundraising pause after a $7.2 million raise in...
InCred Wealth Crosses Rs 1 Lakh Cr in AUM Within 6 Years of Launch
InCred Wealth, the Mumbai‑based private wealth manager, announced that its assets under management have crossed $10 billion (over Rs 1 lakh crore) within just six years of launch. The firm now operates a network of more than 700 relationship managers serving family offices,...
Wakefit Posts Rs 421 Cr Revenue and Rs 32 Cr Profit in Q3 FY26
Wakefit reported Q3 FY26 revenue of Rs 421 crore, a 9% year‑on‑year increase, and posted a profit of Rs 32 crore after a loss in the same quarter last year. Other income contributed Rs 11 crore, lifting total income to Rs 432 crore. For the nine‑month period ending...
Early Learning Startup Panda’s Box Raises Rs 1.2 Cr From Shark Tank India
Panda’s Box, a screen‑free early‑learning startup founded in 2022, secured Rs 1.2 crore after appearing on Shark Tank India. The round was led by investors Aman Gupta and Namita Thapar. The capital will fund product development, broaden distribution, and boost the brand’s...
Nirav Mody Backs SportsSkill Ladder, Launches Beta Platform
SportsSkill Ladder, a sports‑tech startup, has secured a lead investment from serial investor Nirav Mody, though the amount remains undisclosed. The funding will accelerate product development, user‑experience enhancements, and platform scalability ahead of a broader rollout. The company launched a...
Healthtech Startup CURAPOD Raises Rs 20 Cr in Pre-Series A Round
Healthtech startup CURAPOD secured Rs 20 crore (~$2.2 million) in a pre‑Series A round led by V3 Ventures, 3i Partners and Ideaspring Capital. The funding will accelerate R&D, enhance its FDA‑registered photobiomodulation wearable and companion app, and expand manufacturing and go‑to‑market efforts. CURAPOD targets over 30 musculoskeletal...
Amid Fundraise Struggles, Neobank Fi Pivots to B2B Offerings
Neobank Fi announced a strategic pivot from its millennial‑focused digital banking model to AI‑driven B2B solutions after encountering fundraising headwinds. The Bengaluru startup has raised roughly $147 million to date and was last valued between $520 million and $550 million. The shift follows...
Benny’s Bowl Raises $1.4 Mn in Pre-Series A Led by Atomic Capital
Benny’s Bowl secured $1.4 million in a pre‑Series A round led by Atomic Capital. The capital will fund product research, new functional‑food lines, and expansion across digital and brick‑and‑mortar channels. The pet‑nutrition startup reported double‑digit revenue growth, with 85 % of sales coming...
Bertelsmann Acquires Majority Stake in LetsTransport
Bertelsmann Investments has acquired an 80% majority stake in Indian trucking aggregator LetsTransport, rebranding it as LetsTransport Group (LTG). The deal includes the launch of Bertelsmann Next India (BNI), a platform that will provide long‑term capital, governance support, and access...
Truth & Hair Raises Rs 2.5 Cr From Varun Alagh on Shark Tank India
Truth & Hair secured Rs 2.5 crore investment from Varun Alagh after its Shark Tank India appearance. The capital will be allocated to product innovation, marketing, and building an omnichannel retail and digital footprint. The brand, founded by Saumya Alagh and Shailesh...
Petcare Startup Supertails Raises $30 Mn Led by Venturi Partners
Petcare startup Supertails secured $30 million in a funding round led by Venturi Partners, with participation from Nippon India Alternative Investments, Titan Capital Winners Fund and existing backers. The round values the company at roughly $130 million post‑money and brings total capital...
AI Software Testing Startup BotGauge AI Raises $2 Mn Led by Surface Ventures
BotGauge AI, an AI‑driven software testing startup founded in 2024, announced a $2 million funding round led by Surface Ventures with participation from IA Seed Ventures and Saka Ventures. The capital will fuel product development, expand the engineering team, and support...
Lab-Grown Diamond Jewellery Startup Ethera Raises Rs 25 Cr From BlueStone
Lab‑grown diamond jewellery startup Ethera announced a Rs 25 crore ($2.75 million) funding round led by e‑commerce platform BlueStone, which has doubled its investment in the company. The capital will fund an aggressive offline retail rollout, adding new stores to its existing five...
Bose-Funded Noise Revenue Declines 24% to Rs 1,048 Cr in FY25
Noise, the Bose‑backed Indian wearables brand, reported FY25 revenue of Rs 1,048 crore, a 24% drop from the prior year. Operating expenses fell 25% to Rs 1,067 crore, aligning with the revenue contraction. A deferred tax benefit of Rs 47 crore pushed the...
Satlabs Space Systems Raises $1 Mn From Finvolve and IA
Indian deep‑tech startup Satlabs Space Systems announced a $1 million funding round led by Finvolve and India Accelerator. The capital will accelerate R&D, support the launch of its proof‑of‑concept data‑relay satellite, and fund a phased constellation to address ground‑station bottlenecks. Satlabs’s...
Exclusive: Nandan Nilekani’s Fundamentum Leads Olyv’s $23 Mn Series C Round
Olyv, the Indian personal‑lending marketplace formerly known as SmartCoin, secured Rs 207 crore ($23 million) in a Series C round. The round was led by Nandan Nilekani’s Fundamentum Partnership Fund, which invested Rs 120 crore, with SMBC Asia contributing Rs 87.5 crore. Post‑fundraising, Olyv is valued at roughly Rs 1,045 crore...
Java Capital Launches Rs 400 Cr Fund to Back Seed-Stage Deeptech Startups
Java Capital announced a Rs 400 crore deep‑tech fund aimed at seed‑stage startups across semiconductors, aerospace, AI infrastructure, robotics, climate tech and more. The vehicle includes a Rs 150 crore greenshoe option and plans to invest in 15‑20 companies over the next three to...
Biotech Startup Pandorum Technologies Raises $18 Mn in Series B Round
Pandorum Technologies, an Indian‑US biotech focused on exosome‑based regenerative therapies, closed an $18 million Series B round led by Protons Corporate. The round, completed in two tranches, values the company at roughly $91 million post‑money, bringing total capital raised to about $43 million. Proceeds...
Wellness Startup WellWith Raises Seed Round Led by BeyondSeed
WellWith, a Noida‑based wellness startup, secured Rs 1.25 crore in seed funding led by BeyondSeed with participation from Winner Ventures. The capital will be used to fund clinical research on its sea‑buckthorn formulations and to expand supply‑chain operations in Ladakh. Founded in...
Dream11’s Domicile and Director Benefits Lead to Rs 479 Cr Loss in FY25
Dream Sports, the parent of fantasy‑gaming leader Dream11, posted a Rs 479 crore net loss for FY25, a sharp reversal from a Rs 1,295 crore profit a year earlier. The loss was driven by a one‑time Rs 575 crore tax charge linked to the US‑to‑India domicile...
Elevate Now Raises Rs 18 Cr in Seed Round Led by Physis Capital
Elevate Now, a doctor‑led clinical weight‑loss platform, secured Rs 18 crore in a seed round headed by Physis Capital, with Inflection Point Ventures and Titan Capital also participating. The Bengaluru startup previously raised $2 million in a pre‑seed round from W Health Ventures,...
Healthcare Startup Preventify Raises Rs 2 Cr in Pre-Seed Round Led by PedalStart
Preventify, a clinic‑led healthtech startup focused on preventive and chronic care, closed a Rs 2 crore pre‑seed round led by accelerator PedalStart. The funding will finance a first cluster of ten clinics in Kerala, expand chronic disease programs, and upgrade its tech...
Exclusive: D2C Brand Aramya Parent Raises Rs 80 Cr Led by Z47 and Accel
DSLR Technologies, the parent of D2C ethnic‑wear brand Aramya, secured Rs 80 crore ($9 million) in a Series A round led by existing investors Z47 and Accel India. The round issued 10,928 compulsorily convertible preference shares at Rs 73,207 each, valuing the company at roughly...
Global HealthX Crosses $15 Mn in Healthcare Investments, Unveils Startup Cohort
Global HealthX, the venture studio of the Global University Foundation, announced it has surpassed $15 million in investments across Indian healthcare and life‑science startups over the past two years. The latest cohort features five companies—TapHealth, Wellytics, Monitra Health, Merry Health and...
Exclusive: Josh Foulger Steps Down as Zetwerk Electronics President
Josh Foulger, who led Zetwerk Electronics for two years, has left the company for personal reasons. Zetwerk is now scouting replacements from firms such as Siemens and Schneider Electric. The firm recently opened a 1,200‑person manufacturing hub in Bengaluru focused...
Chaayos Crosses Rs 300 Cr Revenue in FY25; EBITDA Jumps 6.5X
Chaayos reported FY25 revenue of Rs 310.6 crore, a 25% rise that pushed total revenue above the Rs 300 crore threshold. The tea‑café chain slashed its net loss by 53% to Rs 25.4 crore and saw EBITDA explode 6.5‑fold to Rs 37 crore. Cost of materials rose 26%...
Myntra Appoints Former Instacart Executive Pramod Adiddam as CTO
Myntra, the Flipkart‑owned fashion e‑commerce platform, has hired former Instacart and Google executive Pramod Adiddam as chief technology officer. He will report to CEO Nandita Sinha and steer technology strategy, platform innovation, and scalability as the company expands into quick...
Fractal Raises Rs 1,248 Cr From Anchor Investors Ahead of IPO
Fractal Analytics secured Rs 1,248 cr from anchor investors at the top of its IPO price band, valuing the Bengaluru‑based AI firm at roughly $1.6 bn. The company trimmed its offering size by 42% to Rs 2,834 cr, splitting the issue between a fresh issue...
PhysicsWallah Enters Yoga and Wellness, Raises Stake in Kamya Yoga & Wellness
PhysicsWallah (PW) has increased its stake in Kay Lifestyle and Wellness Private Limited, the operator of Kamya Yoga & Wellness, to 41.18% on a fully diluted basis by investing Rs 1.5 crore for 300 Series Seed CCPS. The move follows a prior...
Capillary Technology Posts Rs 184 Cr Revenue in Q3 FY26; Profit Falls 20%
Capillary Technologies reported Q3 FY26 revenue of Rs 184 crore, a 16% year‑on‑year increase, while profit slipped 20% to Rs 8 crore. Employee benefit expenses surged 22% to Rs 90 crore, accounting for half of total costs. The SaaS firm debuted on Indian exchanges at a...
Exclusive: Crisis Deepens for Resonance and BASE Edu as Lenders Manage to Freeze Bank Account
Resonance Group and its subsidiary BASE Educational Services have seen their expense accounts frozen after lenders obtained a court stay over unpaid debts. The freeze does not reflect a cash shortage; BASE reportedly has sufficient funds to cover a year...
CollegeDekho Posts Rs 151 Cr Loss in FY25, Revenue Remains Flat
CollegeDekho reported a flat top line of Rs 221.6 crore for FY25, barely up from the prior year, while its net loss widened 19% to Rs 151 crore. Advertising and promotional expenses surged 31% to Rs 126 crore, becoming the largest cost driver, even as employee‑benefit...
Exclusive: Fabric Maker Jain Cord Raises Rs 200 Cr in Series A From Lohia Family Office
Gurugram‑based Jain Cord Industries secured Rs 200 crore in a Series A round led by the Lohia family office, Indorama Capital Holdings. The financing was issued via 31,79,550 compulsorily convertible preference shares at Rs 629 each, valuing the company at roughly Rs 829 crore post‑money. Revenue is...
PhysicsWallah Posts Rs 1,082 Cr Revenue in Q3 FY26; Profit Grows 33%
PhysicsWallah reported Q3 FY26 operating revenue of Rs 1,082 crore, a 34% year‑on‑year increase, and total revenue of Rs 1,147 crore after adding Rs 65 crore from financial assets. Net profit rose 33% to Rs 102 crore, while total expenses grew 33% to Rs 980 crore, with employee benefits accounting...
Optical Fiber Tools Startup Digital Striker Raises $1 Mn From Foxhog Ventures
Digital Striker, an Indian optical‑fiber tools startup founded in 2021, secured $1 million (≈Rs 8.5 crore) from Foxhog Ventures. The funding will allocate Rs 5‑6 crore to build a manufacturing facility, hire talent and open metro offices, while the balance sustains import operations. The company...
Tracxn Continues to Report Flat Revenue in Q3 FY25; Slips Into Losses
Bengaluru‑based data platform Tracxn reported flat Q3 FY26 revenue, slipping to Rs 21 crore, a 2% decline from the same quarter last year. Total expenses rose 8.6% to Rs 22.8 crore, driven largely by employee benefits, pushing the company into...
Nykaa Posts Rs 2,873 Cr Revenue in Q3 FY26; Profit Jumps 2.5X
Nykaa reported Rs 2,873 crore revenue in Q3 FY26, a 27% year‑on‑year increase, while net profit surged 2.5‑fold to Rs 68 crore. The beauty segment continued to dominate, delivering 91% of total sales, and operating costs rose to Rs 2,753 crore. Sequentially, profit more than doubled...
Blackbuck Records Rs 32 Cr Profit on Rs 172 Cr Revenue in Q3 FY26
Blackbuck posted a Rs 32 crore profit in Q3 FY26, driven by revenue of Rs 172 crore—a 51% year‑on‑year increase. Over the nine‑month period, revenue rose 53% to Rs 466.5 crore, with truck‑operator services accounting for 98% of earnings. Expenses grew, notably employee benefits and depreciation,...
Cosmix by the Numbers: What Marico Gets in Its Latest D2C Acquisition
Marico announced the acquisition of a 60% stake in plant‑based nutrition startup Cosmix, adding the brand to its growing D2C portfolio that already includes Plix, True Elements, Just Herbs and Beardo. Cosmix more than doubled its FY25 revenue to ₹50.93 crore...
AAI and Apogee Aerospace Collaborate to Advance Amphibious Aviation in India
Amphibian Aerospace Industries (AAI) and Apogee Aerospace have signed a strategic partnership to introduce the Albatross 2.0 amphibious aircraft to India. The Albatross 2.0, the first FAA‑ and EASA‑certified transport‑category amphibian with up to 28 seats, will be sold to...
Robotics Startup Octobotics Raises Rs 10 Cr in Seed Round
Octobotics, an AI‑enabled non‑destructive testing robotics startup, raised roughly Rs 10 crore in a seed round led by Navam Capital with BYT Capital joining. The capital will fund accelerated product development, certification, and expansion into Singapore and the Middle East. Founded in...
Beverage Startup CHINI KUM Raises Pre-Seed Funding
CHINI KUM, a zero‑sugar beverage startup, secured ₹1 crore in pre‑seed funding from a group of angel investors and founder participation. The capital will fund product innovation, flavor expansion, and nationwide distribution, with a focus on quick‑commerce channels. The brand launched its...