Ola Cabs’ Revenue Falls 42% to ₹1,171 Crore in FY25 as Losses Double
Ola Cabs Faces Sharp Revenue Decline in FY25 Ride-hailing platform Ola Consumer, formerly known as Ola Cabs, reported a major decline in financial performance for FY25 as competition intensified in India’s mobility market. The company’s operating revenue dropped by 42% year-on-year to: ₹1,171 crore in FY25compared to ₹2,012 crore in FY24 At the same time, […]
Skyroot Aerospace Becomes India’s First Spacetech Unicorn After $60 Million Funding
Skyroot Aerospace Enters Unicorn Club Hyderabad-based spacetech startup Skyroot Aerospace has raised $60 million (around ₹570 crore) in a new funding round, pushing its valuation beyond $1.1 billion. With this milestone, Skyroot has officially become India’s first spacetech unicorn. Investors Backing the Funding Round The funding round was co-led by: Sherpalo Ventures GIC Other participants […]
InCred Reports ₹1,849 Crore Revenue in First 9 Months of FY26 Ahead of IPO
InCred Files Updated DRHP for IPO Fintech and lending platform InCred Holdings, the parent entity of InCred Financial Services, has filed its updated draft red herring prospectus (UDRHP) with Securities and Exchange Board of India for its upcoming IPO. The company plans to raise: ₹1,250 crore through a fresh issue Additional capital through an offer […]
Pocket FM Lays Off Over 100 Employees Amid Operational Restructuring
Pocket FM Conducts Fresh Round of Layoffs Audio entertainment platform Pocket FM has reportedly laid off over 100 employees, impacting nearly 10% of its workforce, according to sources cited by Entrackr. The move is said to be part of the company’s broader effort to improve operational efficiency and increase revenue per employee. Workforce Impact and […]
Kissht Raises ₹278 Crore from Anchor Investors Ahead of IPO Launch
Kissht Secures Strong Anchor Investor Backing Digital lending platform Kissht, operated by OnEMI Technology Solutions, has raised ₹278 crore (around $30 million) from anchor investors ahead of its IPO launch. The company allotted 1.62 crore equity shares at the upper price band of ₹171 per share on April 29. The anchor round comes just before […]
Prithu Raises ₹10 Crore Seed Funding to Scale Climate and Carbon Credit Platform
Prithu Secures Seed Funding for Climate Tech Expansion Climate-tech startup Prithu has raised ₹10 crore in a seed funding round led by Transition VC. Prior to this, the Gurugram-based company had secured ₹38 lakh in an angel round, including support from the Startup India Seed Fund. Focus on Carbon Removal and Agriculture Founded in 2024 […]
Bluestone Reports 48% Revenue Growth in Q4 FY26, Turns Profitable for the Year
Bluestone Delivers Strong Quarterly Growth Omnichannel jewellery retailer Bluestone reported a 48% year-on-year increase in revenue for Q4 FY26, reaching ₹681 crore, compared to ₹461 crore in the same quarter last year. The company also posted a profit of ₹31 crore for the quarter, marking a significant turnaround from a loss in the previous year. […]
Battery Smart Raises $15 Million Debt Funding to Expand EV Battery Swapping Network
Battery Smart Secures Debt Funding for Expansion EV infrastructure startup Battery Smart has raised $15 million in debt funding from Mirova. The Gurugram-based company plans to use the funds to scale its battery-as-a-service (BaaS) infrastructure across India. Focus on Battery Swapping Infrastructure Battery Smart operates a platform that enables electric vehicle (EV) users to swap […]
Ethereal Machines Raises $28.5 Million at Nearly 4X Valuation Jump
Ethereal Machines Secures Series B Funding Deeptech manufacturing startup Ethereal Machines is set to raise ₹264.5 crore (approximately $28.5 million) in its Series B funding round. The round is led by Avataar Venture Partners, with participation from: Peak XV Partners Novellus Systems Other investors including Sustained Innovations, Eventures India, and Indigo Circle Advisors Significant Valuation […]
Pine Labs Acquires Shopflo for ₹88 Crore to Build Full-Stack E-commerce Platform
Pine Labs Expands E-commerce Capabilities with Shopflo Acquisition Indian fintech company Pine Labs has acquired ecommerce software startup Shopflo in an all-cash deal worth ₹88 crore ($9.3 million). The acquisition is part of Pine Labs’ strategy to evolve into a full-stack commerce platform, integrating both online and offline payment experiences for merchants. Strategic Focus on […]