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Source: inc42

Nazara To Raise ₹733 Cr Via Preferential Issue To Fund Acquisitions, Growth

Business

Gaming major Nazara Technologies has approved raising up to ₹733.5 Cr through a preferential issue of equity shares to fund.

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Source: inc42

Dronetech Startup Garuda Aerospace Gets SEBI Nod For ₹750 Cr+ IPO

Business

Chennai-based dronetech startup Garuda Aerospace has received SEBI's final observation for its proposed IPO, following a confidential pre-filing in April. The public issue will include a fresh equity share issue of up to ₹750 crore and an offer-for-sale component. Founded in 2015, the company specializes in drone manufacturing and services for defense and agriculture, reporting a net profit of ₹18.4 crore in FY25.

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Source: inc42

Swiggy Bets On Toing, Instamart To Achieve ₹10,000 Cr Adjusted EBITDA By FY31

Business

Swiggy aims for a consolidated adjusted EBITDA of ₹10,000 crore by FY31, driven by its quick commerce arm, Instamart, and affordable meal platform, Toing. The company projects a total gross order value of ₹2.5 lakh crore by FY31. Swiggy expects its food delivery EBITDA to reach ₹5,000 crore, while Instamart targets a GOV of ₹1.5 lakh crore, leveraging operational efficiencies and expanding its user base through affordability.

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Source: inc42

Consint.AI Bags ₹22 Cr To Expand Globally, Build AI Model For Risk And Fraud Detection

Business

AI startup Consint.AI, which offers an AI-powered healthcare fraud and management platform to enterprises, has raised ₹22 Cr (about $2.3.

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Source: inc42

RateGain Q1 Profit More Than Doubles YoY To ₹95 Cr, Revenue Skyrockets 188%

Business

"Travel-focused SaaS company Rategain reported a strong financial performance for Q1 FY27, with consolidated profit jumping 102% year-on-year and 36% quarter-on-quarter to ₹94.9 crore. Operating revenue surged 188% year-on-year to ₹785 crore, while total income reached ₹788.1 crore. Despite these gains, total expenses also rose significantly, increasing 188% year-on-year to ₹667.5 crore during the June quarter, reflecting the company's rapid growth and operational scaling.".

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Source: inc42

Ola Electric Shifts To Dealer-Led Sales Model To Expand Reach

Business

Ola Electric is transitioning from a direct-to-consumer model to a dealer-led sales and service network across India to expand its reach and improve after-sales support by Diwali 2026. While company stores will focus on brand experience, partners will drive local sales. Additionally, the company is entering the battery energy storage market via Ola Mahashakti, partnering with Axis Energy for a 20 GWh deployment by 2032.

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Source: inc42

Piper Serica’s ₹800 Cr Bharat Tech Fund Hits First Close At ₹300 Cr

Business

Piper Serica's ₹800 Cr Bharat Tech Fund achieved its first close at ₹300 Cr, reflecting growing investor interest in India's deeptech ecosystem. The fund will back Series A and B deeptech startups in sectors like semiconductors, AI, and spacetech, with investments between ₹20 Cr and ₹50 Cr per company. Nearly 50% of commitments came from existing investors.

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Source: inc42

Netflix Launches India Creator Initiative As Ted Sarandos Bets Big On Local Content, AI

Business

Netflix has launched the Netflix India Storytelling Initiative, partnering with IICT and NFDC to train creators in animation, visual effects, gaming, and comics. Co-CEO Ted Sarandos emphasized India's central role in Netflix's global growth strategy, noting the market's diversity and potential. While the company is integrating AI into production workflows to lower costs, Sarandos ruled out bidding for major sports rights like the IPL.

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Source: inc42

[Update] Exclusive: HomeRun Raises $12 Mn To Scale Construction Materials Quick Commerce Platform

Business

Update | August 6, 2026, 10:15 IST Quick commerce startup for construction and interior materials HomeRun has raised $12 Mn.

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Source: inc42

Shiprocket IPO To Open On August 12, Issue Size Cut To ₹1,617 Cr

Business

Logistics major Shiprocket has filed the RHP to raise ₹1,617 Cr (about $170 Mn) via its IPO, a 30% reduction.

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Source: inc42

Meta’s Zuck Apologises, PB Fintech Roars In Q1 & More

Business

Meta In Choppy Waters After being pulled up by the Centre over content moderation lapses, including the recent removal of.

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Source: inc42

Govt Disburses ₹276 Cr To Set Up Four AI Centres Of Excellence

Business

The Indian government has disbursed ₹276.1 crore to establish four national centres of excellence in artificial intelligence at IIT Ropar, IIT Kanpur, IISc Bangalore, and IIT Madras. These centres focus on agriculture, sustainable cities, healthcare, and education to build an indigenous AI ecosystem. Part of the ₹10,370 crore IndiaAI Mission, the initiative aims to develop local large language models, support startups, and expand computing infrastructure across India.

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Source: inc42

Skyroot Invites Bids To Raise $200 Mn At A Valuation Of $2 Bn

Business

Skyroot Aerospace is seeking $200 million in new funding at a $2 billion valuation, an 80% increase from its May valuation. The spacetech unicorn is inviting investors to submit bids, with the round expected to close within two months. This follows Skyroot's milestone as the first private Indian company to reach Earth's orbit with its Vikram-1 rocket, as it aims to expand its launch vehicle portfolio.

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Source: inc42

Govt Operationalises New Framework To Spur Ecommerce Exports

Business

The Indian government has introduced a new framework for inventory-based cross-border ecommerce to boost exports to $200-$300 billion by 2030. The Directorate General of Foreign Trade now allows online marketplaces to procure goods directly from Indian sellers for export, exempting them from certain FDI rules. The policy prohibits stockpiling, mandates DGFT registration, and requires strict digital traceability and compliance with international laws to ensure transparency.

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Source: inc42

Pinegap Nets $8 Mn From Stellaris & Others To Build An Agentic Platform For Market Analysts

Business

AI-powered equity research startup Pinegap has raised $8 million in a Series A funding round led by Stellaris Venture Partners. Based in New York and Bengaluru, the company provides an agentic AI platform to automate tasks for institutional analysts and portfolio managers. Pinegap plans to use the capital to expand its engineering team and enhance its go-to-market capabilities, continuing the trend of high investment in application-layer AI ventures.

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Source: inc42

BPC Brand Typsy Beauty Raises ₹20 Cr To Double Down On Quick Commerce, Offline Retail

Business

Typsy Beauty, a D2C beauty and personal care startup, has raised ₹20 Cr ($2.1 Mn) in a funding round led by Saama Capital. The investment, which included participation from several family offices, will be used to expand the brand's offline presence and quick commerce reach. Additionally, the company plans to enter the skincare market and scale its fragrance sub-brand, Spritz, amid growing industry consolidation.

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Source: inc42

Talks On MDR On UPI At A Premature Stage: RBI Governor Sanjay Malhotra

Business

RBI Governor Sanjay Malhotra stated that discussions regarding the imposition of merchant discount rates (MDR) on UPI transactions are currently premature. This follows a government proposal to amend the Payment and Settlement Systems Act, 2007, potentially introducing fees on business transactions exceeding ₹2,000. While the industry argues that zero-fee models are unsustainable, the government aims to determine which electronic payment methods will remain exempt from these charges.

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Source: inc42

Reliance Retail Acquires Fashion Discovery Platform Furrl

Business

"Reliance Retail (RRVL) has acquired Bengaluru-based fashion discovery platform Furrl in an all-cash deal to integrate its proprietary AI styling technology. Furrl’s entire team, including CEO Esha Tiwary, will join RRVL to lead new AI initiatives. This acquisition aims to enhance personalized shopping experiences across Reliance’s digital commerce operations, strengthening its AI capabilities within India’s rapidly growing e-commerce market as competitors also adopt similar technologies.".

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Source: inc42

ArisInfra Q1 Profit Surges 4X YoY To ₹20 Cr, Revenue Grows By 37%

Business

B2B ecommerce firm ArisInfra Solutions reported a consolidated profit after tax of ₹20 crore for Q1 FY27, a fourfold increase from ₹5.1 crore year-on-year, though it declined 8% sequentially. Operating revenue grew 37% YoY to ₹290.8 crore, despite a 15% sequential drop. Total expenses rose 30% year-on-year to ₹268.5 crore, while decreasing 16% from the previous quarter. Total income for the period reached ₹295.2 crore.

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Source: inc42

Exclusive: Pain Care Startup Zanskar In Talks To Raise $6 Mn In Round Led By Bessemer

Business

"Delhi NCR-based pain care startup Zanskar is negotiating a funding round of approximately $6 million, led by Bessemer Venture Partners. Founded by IIT Delhi alumni, the company provides a technology-driven platform for personalized at-home pain management and sells relief products via various e-commerce channels. This potential raise follows a seed round and reflects increasing investor interest in chronic pain solutions within India's expanding healthtech market.".

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