Zelio E-Mobility Ropes In Ex-Navi Executive Divyanshu Agarwal As CEO
Zelio E‑Mobility, a BSE SME‑listed electric two‑ and three‑wheeler maker, named former Navi UPI head Divyanshu Agarwal as chief executive effective April 15. The 26‑year‑old chartered accountant previously led Navi’s UPI business and helped raise private‑equity capital. In H1 FY26, Zelio posted a 69% profit jump to about $1.4 million on revenue of $16 million, while its dealer network now spans more than 300 partners across 25 states. The stock rose nearly 5% to ₹416 ($5) after the announcement, continuing a post‑IPO rally that has more than doubled the share price since October 2025.
Indian Mutual Funds Double Down On Eternal Amid FII Selling Spree
Domestic mutual funds dramatically increased their stake in Eternal, the Zomato parent, to 28.9% in March 2026, up from 16.4% in December 2025. Large funds such as SBI and HDFC each crossed the 3.5% threshold, while newer entrants like Mirae...
Agrizy Elevates Markish Arun As Cofounder And CTO
Agrizy, the Omnivore‑backed agritech CRDMO, has promoted its head of engineering, Markish Arun, to co‑founder and chief technology officer. Arun, who joined in 2022 after serving as Zoomcar CTO, will now lead the startup’s AI and tech roadmap, including its...
Gujarat HC Sends Notices To Google, Meta, X Over Deepfake
The Gujarat High Court issued notices to Meta, Google, X, Reddit and Scribd, demanding responses to a public‑interest litigation seeking tighter regulation of AI‑generated deepfake content. The bench set a May 8 deadline and ordered the platforms to join the SAHYOG...
EaseMyTrip Cofounder Nishant Pitti Pledges Another 6.86 Cr Shares
EaseMyTrip co‑founder and chairman Nishant Pitti pledged an additional 6.86 cr shares worth roughly $6.6 million to Motilal Oswal, bringing his total pledged holdings to 44.87 cr shares (12.34% of the company’s equity). The pledge represents 1.89% of the firm’s total share capital...
IPO-Bound Practo Appoints Srijesh Kumar As Global CPTO
Practo, the Bengaluru‑based healthtech platform preparing for a 2027 IPO, has hired former Salesforce VP Srijesh Kumar as its global chief product and technology officer. Kumar will unify product and engineering to scale the service as Practo pursues a $100‑125 million...
Flipkart Elevates Sharon Pais To The Role Of Myntra Head
Flipkart has promoted long‑time executive Sharon Pais to head of its fashion marketplace Myntra, succeeding Nandita Sinha who will transition out over the coming months. Pais, a former chief business officer, will report to group CEO Kalyan Krishnamurthy, while Kapil...
Scope Of Startup India FoF 2.0 Expanded To Support Deeptech, Manufacturing Investments
The Indian government’s Department for Promotion of Industry and Internal Trade (DPIIT) has launched Startup India Fund of Funds 2.0 with a ₹10,000 crore (~$1.2 billion) corpus, expanding its mandate to deep‑tech, tech‑driven manufacturing and micro‑VC backed early‑stage startups. Disbursements to SEBI‑registered...
BharatPe Cofounder Shashvat Nakrani Steps Down To Launch New Venture
BharatPe co‑founder and COO Shashvat Nakrani will step down from daily duties, moving to a strategic advisor and board director role while remaining its largest individual shareholder. The transition comes as the fintech unicorn finalises its leadership overhaul, with CEO...
Foreign Capital Reprices The India Premium
Foreign investors have largely exited Indian equities, with FIIs selling about $5.8 bn in April and $21.6 bn year‑to‑date, pushing foreign ownership to a 14‑year low. Over the past 18 months FPIs withdrew roughly $28 bn, and the MSCI Emerging Markets weighting fell...
The Making Of A Lending Tech Unicorn
KreditBee became India’s 128th unicorn after a $280 million Series E round valued it at $1.5 billion, marking the country’s second unicorn of 2026. The raise was oversubscribed despite a 26% YoY drop in overall startup funding, underscoring investor confidence in data‑driven, digital...
MeitY Extends Deadline For Public Comments To IT Rule Amendments
The Ministry of Electronics and Information Technology (MeitY) has pushed back the public comment deadline for its draft amendments to the 2021 Intermediary Guidelines and Digital Media Ethics Code to April 29, up from April 12. The revisions would tighten oversight of...
How Ottonomy Robots Are Mapping Last-Mile Delivery With Contextual AI
Ottonomy, a US‑based deep‑tech startup manufacturing in India, has raised $7.8 million to commercialize Contextual AI‑powered delivery robots for indoor‑outdoor logistics. Its two SKUs, Ottobot 2.0 and 3.0, can carry up to ten parcels per trip and adapt to hospitals, airports, malls...
WinZO Cofounder Bail: K’taka HC Warns ED Of Costs For Frivolous Appeal
The Karnataka High Court warned the Enforcement Directorate (ED) it could be penalized about $1.2k if its appeal against the bail granted to WinZO co‑founder Paavan Nanda is deemed frivolous. The ED alleges the gaming platform generated roughly $21 million through...
D2C Brand Snitch’s FY26 Revenue Surges 80% To ₹900 Cr
Snitch, the Indian D2C fashion brand, posted FY26 operating revenue of ₹900 Cr (≈$108 M), an 80% jump from ₹498 Cr (≈$60 M) a year earlier. EBITDA remained thin at 2‑3% of revenue, roughly $2‑3 M, while the company turned a modest net loss of...
