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Source: inc42

CtrlS DataCenters Nets ₹250 Cr From Zerodha’s Nikhil Kamath, Sreeram Reddy Vanga

Business

CtrlS DataCentres has raised ₹250 crore in equity funding from Zerodha cofounder Nikhil Kamath and Kofluence cofounder Sreeram Reddy Vanga. The company aims to expand its infrastructure to meet India's rising AI-driven demand from enterprises and hyperscalers. This follows a ₹7,000 crore commitment from CPP Investments at a $4.8 billion valuation. CtrlS plans to reach 4 GW of capacity by 2031 while expanding internationally.

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Source: inc42

D2C Brands Should Use Quick Commerce Gains To Scale General Trade: Veeba’s Viraj Bahl

Business

"Veeba founder Viraj Bahl advises D2C brands to leverage the quick commerce boom for visibility and rapid scaling while reinvesting those gains into general trade for long-term sustainability. While quick commerce drives growth, Bahl emphasizes that traditional kirana stores remain critical, accounting for over 70% of Veeba's business. He also highlighted the importance of managing marketing expenditures based on past failures to ensure sustainable expansion.".

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Source: inc42

How Quick Commerce Has Become More Than A Convenience Play

Business

Quick commerce in India is expanding beyond groceries into apparel, beauty, and pharma as consumers increasingly demand instant delivery. This shift provides emerging brands a competitive route to market, offering better inventory visibility and faster payment cycles than traditional retail. Investors are now prioritizing sustainable growth and customer loyalty over discounts, viewing marketplace-led expansion as a viable alternative to the high costs of direct-to-consumer customer acquisition.

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Source: inc42

KKR To Invest In BookMyShow To Fuel Live Entertainment Push

Business

"Global investment firm KKR has signed agreements to acquire a minority stake in BookMyShow, an online ticketing and entertainment platform, for an undisclosed amount. This investment aims to scale BookMyShow's live entertainment business and expand its full-stack offerings in India. The move comes as demand for out-of-home experiences grows and competition intensifies from rivals like District and Flipkart in a rapidly expanding event ticketing market.".

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Source: inc42

Why Dot & Key Waited Until ₹300 Cr Revenue Before Going Offline

Business

Dot & Key CEO Suyash Saraf revealed that the skincare brand expanded into offline retail only after achieving ₹250-300 crore in revenue and establishing online category leadership. Speaking at the D2C & Retail Summit, Saraf emphasized building digital demand and brand recall first. The brand now employs an omnichannel strategy with consistent pricing. Other industry leaders noted that distribution playbooks vary significantly based on product category and consumer trust.

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Source: inc42

How Manyavar Is Using AI To Take The Guesswork Out Of Retail

Business

Manyavar is leveraging AI and advanced data analytics to automate business decisions and optimize its retail operations. By analyzing 85 crore historical data points and utilizing granular product categorization, the brand automates store-level inventory allocation based on local trends. This data-driven approach has helped Manyavar achieve over ₹1,000 crore in revenue with margins exceeding 65%, significantly reducing dead stock and improving overall sell-through rates.

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Source: inc42

Y Combinator Rakes In ₹1,435 Cr From Groww Stake Sale, Clocks 55.7X Return

Business

Y Combinator sold ₹1,435.2 Cr worth of shares in Groww parent Billionbrains Garage Ventures, marking another partial exit. This transaction brought YC's cumulative proceeds from Groww to ₹4,132 Cr, achieving a 55.7X return on the latest sale. YC continues to hold an 8.6% stake in the fintech company, demonstrating its successful investment strategy in India.

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Source: inc42

The Enterprise Fight Against Runaway AI Costs

Business

Indian enterprises are shifting from AI experimentation to scalable deployment by focusing on cost reduction. They are employing three primary strategies: using agent harnesses to limit unnecessary model calls and caching, implementing strategic model selection to route routine tasks to cheaper models, and optimizing inference economics by replacing AI with conventional software where possible. These engineering decisions ensure measurable productivity gains without spiraling project costs.

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Source: inc42

Shiprocket Makes Bumper Market Debut, Lists At 35% Premium

Business

Shiprocket, an ecommerce enablement platform, made a strong stock market debut, listing at ₹131 on the NSE and ₹129.50 on the BSE. This represents a premium of approximately 35% over the ₹97 issue price. The IPO was subscribed 99.38 times, reaching a market capitalization of over ₹9,400 crore. Despite the successful listing, the company reported a widened net loss of ₹79.2 crore for the financial year ended March 2026.

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Source: inc42

Resilient Asset Management Offloads Paytm Shares Worth ₹2,949 Cr

Business

"Resilient Asset Management, owned by Vijay Shekhar Sharma, sold 1.92 crore Paytm shares worth approximately ₹2,948.9 crore in a block deal. Acting for Alibaba affiliate Antfin, Resilient sold the shares at ₹1,535.10 each, a 3% discount. Major buyers included Goldman Sachs and SBI Mutual Fund. Under an existing agreement, Antfin retains the economic value of the sale, reducing its indirect stake from 10.03% to 7.2%.".

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Source: inc42

Meta Begins Action Against Centre’s Concerns Over CSAM, Deepfakes: Report

Business

Meta is taking steps to address the Indian government's concerns regarding child sexual abuse material, deepfakes, and unlabelled AI content. Following multiple discussions, the company is strengthening its detection systems and human moderation for local languages to avoid losing safe-harbour protection. This move follows increased scrutiny after the temporary removal of a Prime Minister Modi video, signaling a broader push for platform accountability and legal compliance.

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Source: inc42

Swiggy Shareholders Vote To Cap Foreign Ownership At 49.5%

Business

Over 99.9% of Swiggy's shareholders approved capping foreign ownership at 49.5% to classify the company as an Indian owned and controlled company. This strategic shift allows its quick commerce arm, Instamart, to transition from a marketplace to an inventory-led model. By procuring products directly from brands, Swiggy aims to improve profitability and reduce significant losses, following a similar successful strategy implemented by its competitor, Zepto (Wait, the text says "Eternal", but I should stick to the text provided).

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Source: inc42

IPO-Bound NoPaperForms’ FY26 Profit Surges To ₹11.9 Cr, Revenue Up 25%

Business

Education-focused SaaS company NoPaperForms reported a significant profit jump to ₹11.9 Cr in FY26, a 6.3X increase from the previous year. Operating revenue grew 25% to ₹115.7 Cr, while adjusted EBITDA doubled to ₹12.9 Cr. The company, which provides enrollment and fee management software, is preparing for an IPO to raise ₹500-600 Cr at a ₹2,000 Cr valuation after receiving SEBI's approval.

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Source: inc42

MobiKwik Infuses ₹61 Cr In Lending Arm, Appoints Ex-Bajaj Markets’ Manish Pathania As Its CBO

Business

MobiKwik has transferred its digital lending operations and team to its subsidiary, MobiKwik Distribution Services Private Limited (MDSPL), to meet RBI requirements for its NBFC license. The company is investing ₹60.85 crore in equity into MDSPL and has appointed Manish Pathania as Chief Business Officer. This restructuring aims to expand lending capabilities, following a strong Q1 FY27 performance and a target of quarterly loan disbursals exceeding ₹1,000 crore.

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Source: inc42

NeoGeo Bags $20 Mn To Scale Its Full-Stack Geospatial Business

Business

Geospatial technology startup NeoGeo has raised approximately $20 million in a Series A funding round co-led by Neev II Fund and Aavishkaar Capital. The Gurugram-based company plans to use the capital to enhance its R&D, expand its product portfolio, and enter markets in the Middle East and the Americas. This growth aligns with India's National Geospatial Policy, which encourages private participation in the country's geospatial sector.

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Source: inc42

Peak XV Partners, Together Fund Join Voice AI Unicorn Wispr Flow’s Cap Table

Business

Wispr Flow, a San Francisco-based voice AI startup, reached a $2 billion valuation after securing $280 million in a Series B funding round led by Menlo Ventures. The round included prominent Indian investors Peak XV Partners, Together Fund, and Activate. The company specializes in speech-to-text software and recently launched Canto, a proprietary model designed to significantly reduce word error rates in noisy environments for consumer and enterprise users.

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Source: inc42

DeHaat’s Honest Farms Raises ₹35 Cr To Expand Retail Footprint, Product Portfolio

Business

Honest Farms, a consumer food brand launched by agritech startup DeHaat, has raised ₹35 crore in a pre-Series A round led by OTP Ventures. DeHaat cofounder Adarsh J Srivastava has been appointed CEO to lead the brand's expansion. The funding will support geographic growth, product diversification, and pesticide-free food awareness. Honest Farms aims to expand its retail presence to 10,000 stores and reach ₹200 crore ARR.

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Source: inc42

Dunzo Cofounder Dalvir Singh Suri Joins Superhealth As Operations Head

Business

"Healthcare startup Superhealth has appointed former Dunzo cofounder Dalvir Singh Suri as its head of operations to lead its national expansion. Suri will develop the operational systems and teams necessary to scale the company's hospital model from one Bengaluru location to 100 multispeciality hospitals over the next five to seven years. Backed by MS Dhoni's family office, Superhealth focuses on fixed pricing and digitally managed workflows.".

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Source: inc42

Shiprocket IPO: 500 Global Hits 77.6X Return, Two Investors Exit At Loss

Business

Shiprocket's IPO has resulted in widely varying returns for its investors, highlighting the impact of entry timing. Early backer 500 Global achieved a massive 77.6X return, while later investors like Lightrock and Moore Strategic Ventures exited at a loss. The company's cofounders collectively earned ₹142.6 crore through the offer for sale. Despite a 99.38X subscription rate, Shiprocket's losses widened to ₹79.2 crore in FY26.

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Source: inc42

Now, ixigo Partners With Uber To Enable Train Ticket Booking Via Its App

Business

Uber has partnered with online travel aggregator ixigo to integrate train ticket booking into its app. Users can now book tickets, check PNR status, and arrange first- and last-mile rides within a single platform. This move expands Uber's intercity travel presence in India, complementing its existing bus and bike services. The partnership leverages ixigo's booking technology to tap into India's massive rail market and enhance overall passenger mobility.

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