Ather Energy Reports 71% Reduction in Q1 FY27 Losses as Revenue Crosses ₹1,200 Crore
Ather Energy Delivers Strong Q1 FY27 Performance Electric two-wheeler manufacturer Ather Energy reported a strong start to FY27, posting robust revenue growth and a sharp reduction in losses during the first quarter. The company recorded ₹1,217 crore in revenue from operations in Q1 FY27, driven by strong growth in electric scooter sales. Including ₹43 crore […]
Revspot Raises $4.8 Million in Series A Round Co-Led by Inflexor and Info Edge Ventures
Revspot Secures $4.8 Million in Series A Funding Bengaluru-based artificial intelligence startup Revspot has raised $4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures. The funding round also saw participation from Pentathlon Ventures, Silicon Road Ventures and existing investor Titan Capital. The fresh capital will support Revspot’s efforts […]
Instamart Appoints Former Myntra CEO Nandita Sinha as CEO as Amitesh Jha Resigns
Instamart Announces Major Leadership Change Swiggy’s quick commerce arm Instamart has appointed former Myntra CEO Nandita Sinha as its new Chief Executive Officer, marking a significant leadership transition at the company. Sinha will take charge of Instamart from August 3, 2026, succeeding Amitesh Jha, who has resigned to pursue other opportunities. Swiggy announced the leadership […]
Lumiq Set to Raise ₹50 Crore in Series B Round Led by Bajaj Finserv Ventures
Lumiq Prepares Fresh Series B Fundraise Noida-based data analytics and artificial intelligence startup Lumiq is set to raise ₹50 crore (approximately $5.2 million) in a new Series B funding round. The round will be led by Bajaj Finserv Ventures, with participation from existing investor Info Edge. This marks Lumiq’s first major fundraising event in nearly […]
D2C Fashion Brand Zouk Set to Raise ₹60 Crore in Pre-Series C Funding Round
Zouk Preparing Fresh Fundraise Mumbai-based direct-to-consumer fashion and lifestyle brand Zouk is set to raise approximately ₹60 crore ($6.3 million) in a pre-Series C funding round. The round will reportedly be led by existing investors: Aavishkaar Capital Stellaris Venture Partners Additional participation is expected from: Sharrp Ventures Mihir Gadani The funding is expected to support […]
Former Coupang Executive Sandeep Karwa Set to Replace Vineeth Nair as AJIO CEO
Leadership Change Underway at AJIO Fashion e-commerce platform AJIO, owned by Reliance Retail, is reportedly undergoing a major leadership transition. According to reports, former Coupang executive Sandeep Karwa is expected to take over as CEO of AJIO, replacing current chief executive Vineeth Nair. Sources indicate that Nair is likely to move into a broader strategic […]
Travel-Fintech Startup Scapia Raises $63 Million Led by General Catalyst
Scapia Secures Fresh Funding Round Travel-fintech startup Scapia has raised $63 million in a new funding round led by General Catalyst. The round also saw participation from existing investors: Peak XV Partners Z47 The latest funding comes nearly a year after Scapia raised $40 million in its Series B round in April 2025. Operating at […]
Shadowfax Crosses ₹1,200 Crore Revenue and Posts ₹56 Crore Profit in Q4 FY26
Shadowfax Delivers Strong Q4 FY26 Performance Logistics and last-mile delivery platform Shadowfax Technologies reported another strong quarter, posting significant revenue growth and profitability in Q4 FY26. The company recorded: ₹1,253 crore revenue in Q4 FY26 74% year-on-year growth ₹56 crore net profit during the quarter The performance comes after the company filed for listing on […]
Legend of Toys Raises ₹21 Crore in Pre-Series A Round to Expand Premium Toy Business
Legend of Toys Secures Fresh Funding Toy startup Legend of Toys has raised ₹21 crore in a pre-Series A funding round with participation from several investors, including: Singularity Early Opportunities Fund Veltis Capital Enzia Ventures DeVC Atrium Angels Stride The startup plans to use the fresh capital to accelerate expansion across products and markets. Building […]
Innovaccer Lays Off 340 Employees Amid Shift Toward AI-Native Operations
Innovaccer Announces Workforce Reduction Healthcare technology company Innovaccer has laid off 340 employees globally as part of its transformation into an AI-native organization. The development was initially revealed through an internal email from founder and CEO Abhinav Shashank, which later circulated across social media platforms. The company subsequently confirmed the workforce reduction. AI Adoption Driving […]