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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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Source: inc42

upGradā€™s Gross Revenue Crosses ā‚¹2,000 Cr In FY26, Loss Narrows 52% YoY To ā‚¹130 Cr

Business

upGrad reported strong FY26 financial results, with gross revenue rising 7% to ā‚¹2,070 Cr and EBITDA jumping eightfold to ā‚¹123 Cr. The company's net loss narrowed by 52% to ā‚¹130 Cr, driven by cost rationalization and AI-led efficiencies. To expand its learner lifecycle platform, upGrad acquired a 90% stake in Internshala and a majority stake in Unacademy, entering the K-12 and test prep segments.

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Source: inc42

[Update] Exclusive: LISSUN Raises ā‚¹48 Cr To Expand Child Development Centre Network

Business

Gurugram-based mental wellness platform Lissun has raised ā‚¹48 crore (approximately $5 million) in a Series A funding round led by Colossa Ventures. The investment, which included several existing and new investors, will be used to expand its child development brand, Sunshine by LISSUN, from 25 to 50 centers. Additionally, the startup plans to develop AI-led solutions and enhance its clinical processes to improve mental healthcare accessibility.

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Source: inc42

Colgate Turns To Bombay Shaving Company To Fix Palmoliveā€™s D2C Play

Business

"Colgate-Palmolive India has partnered with D2C startup Bombay Shaving Company to manage Palmoliveā€™s ecommerce and direct-to-consumer operations. Seeking to revive the underperforming personal care brand, Colgate-Palmolive will leverage the startup's digital expertise for advertising and customer relationships. Meanwhile, the FMCG giant retains control over product innovation, manufacturing, and offline distribution. This strategic move aims to capture growth in India's rapidly expanding digital commerce landscape.".

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Source: inc42

Rezolv Bags $12.5 Mn To Expand AI-Powered Lending Suite

Business

Mumbai-based AI lending startup Rezolv has raised $12.5 million in a Series A funding round led by Norwest, bringing its total funding to $16 million. Founded by former Kissht executives, the company provides an AI-powered platform to automate lending and debt-collection workflows for banks and NBFCs. Rezolv plans to use the capital to enhance its AI capabilities across the lending lifecycle, including risk assessment and collections.

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Source: inc42

Festive Ecommerce: The Battle Beyond The Checkout

Business

By 2026, festive ecommerce success will shift from attracting traffic and offering discounts to achieving operational excellence. Brands must integrate inventory, payments, and fulfillment through technology-driven infrastructure. AI is evolving from front-end recommendations to core supply-chain orchestration, enabling hyperlocal demand sensing and dynamic routing. The winners will be those providing a frictionless customer experience and seamless omnichannel integration to turn high traffic into profitable sales.

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Source: inc42

Razorpay Launches AI Foundation Model Vulcan To Expedite Digital Payments

Business

"Razorpay has launched Vulcan, a transformer-based AI foundation model designed to enhance digital payment reliability and security. Developed using NVIDIA and AWS technology, the proprietary model analyzes trillions of data points to optimize payment routes and detect fraud. Early results show improved success rates and significantly higher fraud detection. This launch aligns with Razorpay's broader AI strategy as the fintech unicorn prepares for its upcoming public offering.".

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Source: inc42

Ecommerce Giants Woo Sellers With AI, Jarā€™s Troubles & More

Business

Indian ecommerce giants like Amazon, Meesho, and Flipkart are integrating AI to enhance seller efficiency and retention. Meanwhile, wealthtech startup Corpus Labs seeks pre-seed funding, and appliance maker Atomberg prepares for a ā‚¹450 crore IPO. In fintech, PhonePe and Google Pay maintain UPI dominance. Other highlights include Jar's legal battles over account freezes, Flipkart's controversial obituary-themed marketing, and Farm Watt's efforts to convert crop residue into biomass.

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Source: inc42

Amazon, Flipkart & Meeshoā€™s AI Focus Shifts To Seller-Side Stacks

Business

Indian ecommerce leaders like Amazon, Flipkart, and Meesho are shifting their AI focus from consumer experiences to seller-side tools. By implementing AI-powered assistants, automated targeting, and demand forecasting, these platforms aim to boost seller productivity and attract non-metro entrepreneurs. This strategic pivot reduces operational costs and listing errors, allowing smaller brands to compete more effectively while driving overall marketplace growth through improved catalogue quality and efficiency.

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Source: inc42

When A Sale ā€˜Diesā€™: Did Flipkartā€™s Dark Humour Go Too Far?

Business

Flipkart's obituary-style advertisement for its Freedom Sale has sparked significant controversy, dividing opinions on whether the campaign was a clever subversion or insensitive. While the ad successfully grabbed attention by mimicking memorial notices to signal ending deals, critics and brand experts argue that using death-related imagery risks damaging long-term trust. The debate highlights the tension between generating immediate visibility and maintaining brand civility.

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Source: inc42

PharmEasy Claims To Be Debt Free After Paring More Stake In Thyrocare

Business

API Holdings, the parent company of PharmEasy, has become debt-free after repaying ā‚¹1,050 crore in outstanding debt. This was achieved through internal accruals and the sale of 1.58 million Thyrocare shares by promoter Docon Technologies. Consequently, the pledge on Docon's remaining 51.02% controlling stake in Thyrocare has been fully released. Meanwhile, Thyrocare reported strong Q1 FY27 results, with net profit increasing 34.1% to ā‚¹52.19 crore.

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Source: inc42

Govt Clears 31 More Electronics Manufacturing Projects Worth ā‚¹7.9K Cr

Business

The Ministry of Electronics and Information Technology approved 31 new projects and a capacity expansion under the Electronics Component Manufacturing Scheme, totaling ā‚¹7,877 crore. These approvals, which will create 9,588 jobs across ten states, bring the total approved applications to 106. The scheme has now surpassed its targets for approved investments and cumulative production value, aiming to build a $500 billion electronics component industry by FY32.

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Source: inc42

Sunil Mittal To Step Down As Airtel Payments Bank Chairman, Shabnam Sinha To Take Over

Business

"Sunil Bharti Mittal will step down as non-executive chairman of Airtel Payments Bank on September 30. Shabnam Sinha, an independent director with over three decades of experience, will succeed him as chairperson on October 1 for a three-year term approved by the RBI. Under Mittal's leadership, the bank grew to 121 million monthly active users. The transition follows strong financial growth, including an 18.4% revenue increase in FY26.".

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Source: inc42

Exclusive: Peak XV Alum Saksham Mittalā€™s Corpus Labs In Talks To Raise Funding From Stellaris

Business

Corpus Labs, a wealthtech startup co-founded by former Peak XV analyst Saksham Mittal, is reportedly seeking pre-seed funding from Stellaris Venture Partners, though its website claims $4.2 million already raised. The read-only platform analyzes mutual fund portfolios for cost differences and asset allocation without executing transactions or recommending funds. Corpus enters a competitive Indian wealthtech market projected to exceed $95 billion by FY30.

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Source: inc42

Atomberg Gets Board Nod To Raise Over ā‚¹450 Cr Via IPO

Business

Atomberg, a D2C consumer appliance startup, has received board approval to launch an IPO of up to ā‚¹450 crore, consisting of fresh equity and an offer for sale. The company also approved a pre-IPO funding round of up to ā‚¹90 crore, which will reduce the IPO's fresh issue size. Atomberg, known for energy-efficient fans, reported FY25 operating revenue of ā‚¹958.4 crore and a 41% reduction in net losses.

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Source: inc42

UPI In July: Navi Gains Market Share As PhonePe, Google Pay Slip Marginally

Business

"In July, India's UPI market saw Sachin Bansal's Navi increase its market share to 4%, while leaders PhonePe and Google Pay experienced marginal declines to a combined 78.6%. Overall transaction volume rose 4% to 23.66 billion, with total value increasing 3% to ā‚¹29.88 lakh crore. Additionally, Parliament approved a bill enabling merchant discount rates on select transactions, although person-to-person payments will remain free for users.".

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Source: inc42

Table Space DRHP: A Look At Shareholding Pattern & Key Executives

Business

Managed workspace provider Table Space has filed its DRHP with SEBI for an IPO, proposing a fresh issue of up to ā‚¹800 crore and an offer for sale of 6.5 crore shares. Hillhouse Investment-backed AGS TS II Holdings is the largest shareholder with a 41.76% stake. The company's cap table includes a disputed 22.14% stake from late promoter Amit Banerji, while FY26 revenue grew 66% to ā‚¹2,262.3 crore.

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Source: inc42

Snabbit Ropes In Klydo Cofounder Pradeep Yadav To Helm Operations

Business

Quick home services startup Snabbit has appointed Pradeep Yadav, co-founder of Klydo and former Udaan CXO, as its new head of operations. Yadav succeeds Vikas Choudhary, who will now lead a new business venture within the company. Snabbit, which recently raised $56 million in Series D funding, provides rapid domestic help across five major Indian cities and reports an annual revenue run rate of $35-40 million.

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Source: inc42

PhysicsWallah Jumps 9.5% After Q1 Results, JPMorgan & JM Financial Upgrade Rating

Business

PhysicsWallah shares rose up to 9.5% after JPMorgan and JM Financial upgraded the stock following strong Q1 FY27 results. Despite NEET exam disruptions, operating revenue grew 24.4% to ā‚¹1,054 crore, while the net loss narrowed to ā‚¹88.3 crore and EBITDA turned positive at ā‚¹52 crore. The company plans to divest its NBFC arm and expects to achieve group-level PAT profitability by the third quarter of FY27.

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Source: inc42

Karnataka HC Quashes Sessions Court Orders To Defreeze Jarā€™s Accounts

Business

The Karnataka High Court quashed three Sessions Court orders that directed the release of precious metals and the defreezing of bank accounts linked to wealthtech startup Jar. The court ruled that police may debit-freeze accounts under Section 106 of the BNSS without prior judicial approval, provided they report the action immediately. This decision emphasizes that digital gold transactions remain subject to criminal law despite lacking direct RBI or SEBI supervision.

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