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Source: inc42

Nykaa’s Q1 Snapshot, Klassroom Wraps Up IPO & More

Business

Nykaa reported a strong Q1 FY27, with net profits jumping three-fold to ₹79.8 crore and revenue rising 29%. Its fashion business turned EBITDA positive, while the company expanded its quick commerce reach. Other highlights include Klassroom's oversubscribed IPO, MapmyIndia's 6.3% profit growth, and Vaaree raising $6.8 million. Additionally, Mintoak acquired ICC Loyalty,.

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Source: inc42

Elevation Capital Offloads Paytm Shares Worth ₹2,038 Cr

Business

Elevation Capital offloaded Paytm shares worth ₹2,038 crore through bulk and block deals at an average price of ₹1,367.8. The VC firm's move follows Paytm's strong Q1 FY27 results, which saw net profit surge 79% to ₹220 crore. Various domestic mutual funds and international investors, including Goldman Sachs and Morgan Stanley, purchased the shares. Additionally, Elevation Capital sold Meesho shares worth ₹974.6 crore in a separate block deal.

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Source: inc42

Elevation Capital, Peak XV Partners Sell Meesho Stock Worth ₹1,949 Cr

Business

Elevation Capital and Peak XV Partners sold a combined 10.28 crore shares of e-commerce company Meesho through block deals, netting ₹974.6 crore each. The shares were sold at an average price of ₹186, a 3% discount on the closing price, to buyers including ADIA and Fidelity. This move follows Meesho's improved financial performance, including a 54% year-on-year reduction in net losses and 48% revenue growth in Q1 FY27.

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Source: inc42

Meet The 20 Startups Selected For Google Play Accelerator India

Business

Google has selected 20 Indian startups for the 2026 cohort of its Google Play Accelerator India programme. This third iteration of the equity-free, three-month initiative supports founders across sectors including edtech, healthtech, and gaming. Selected companies will receive hands-on guidance in AI integration, app quality, security, growth, and monetisation to help them build scalable, trusted products for both domestic and global markets.

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Source: inc42

ET Now Acquires OpiGo To Expand Its Investment Platform

Business

Times Network has acquired fintech startup OpiGo for an undisclosed amount to expand ET NOW’s investor-focused financial services. OpiGo’s platform, featuring SEBI-registered analyst recommendations and investor communities, will be integrated into ET NOW Pro. This strategic move transforms ET NOW from a business news platform into a comprehensive financial intelligence ecosystem, reflecting a broader Indian market trend toward subscription-led advisory and compliance-first investing tools.

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Source: inc42

How Octobotics Is Saving Human Lives By Placing Robots In Hazardous Industrial Jobs

Business

Delhi NCR-based deeptech startup Octobotics is scaling its robotic industrial inspection business to replace hazardous manual processes. Founded in 2020, the company utilizes magnetic crawler robots and phased-array ultrasonic testing to detect structural defects for clients like IOCL and BPCL. Having raised ₹10 Cr in seed funding, Octobotics is now introducing lighter modular robots and transitioning to a service-based revenue model to enhance safety and efficiency.

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Source: inc42

Nykaa To Acquire Majority Stake In D2C Skincare Brand Aminu

Business

Nykaa's board has approved the acquisition of a 51% stake in premium D2C skincare brand Aminu for up to ₹32 crore. Expected to close by September 15, the deal expands Nykaa's premium beauty portfolio and leverages Aminu's R&D and omnichannel capabilities. Aminu reported FY26 revenue of ₹19.4 crore. Simultaneously, Nykaa reported a strong Q1 FY27, with consolidated net profit surging over three times to ₹79.8 crore.

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Source: inc42

MapmyIndia Q1: Profit Rises 6% YoY To ₹50 Cr, Revenue Up 15%

Business

MapmyIndia reported a consolidated net profit of ₹50.4 crore for the June quarter of FY27, marking a 6.3% year-on-year increase from ₹47.4 crore, despite a 3.4% sequential decline. Operating revenue rose nearly 15% year-on-year to ₹139.7 crore, though it dipped 3.6% from the previous quarter. Total income reached ₹159.4 crore, including other income of ₹19.7 crore, while total expenses for the period were ₹92.9 crore.

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Source: inc42

Nykaa Q1: Profit Surges Over 3X YoY To ₹79.8 Cr

Business

Nykaa reported a significant increase in consolidated net profit for Q1 FY27, reaching ₹79.8 crore compared to ₹24.8 crore in the previous year. Operating revenue grew 29% year-on-year to ₹2,782 crore, while total expenses rose 26% to ₹2,662.2 crore. Additionally, the company's board approved the acquisition of a 51% stake in D2C skincare brand Aminu Wellness for ₹32 crore to expand its beauty portfolio.

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Source: inc42

Home Decor Marketplace Vaaree Raises ₹65 Cr Led By Hero Enterprise

Business

Bengaluru-based home decor marketplace Vaaree has raised ₹65 crore in a Series A funding round co-led by Hero Enterprise and Cap Alpha Ventures. The startup will utilize the capital to expand its fulfillment network for faster deliveries and enhance VibeCheck, its proprietary AI-powered discovery engine. VibeCheck provides personalized product recommendations and room visualizations, aiming to act as a digital home stylist for Indian consumers.

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Source: inc42

IPO-Bound LEAP India’s FY26 Profit Jumps 66% To ₹62 Cr, Revenue Up 56%

Business

LEAP India, a supply chain solutions provider, reported a 66% increase in FY26 net profit to ₹62.3 crore and a 56.4% rise in operating revenue to ₹729.5 crore. Growth was driven by its asset pooling business and the acquisition of CHEP India. Ahead of its ₹2,480 crore IPO, the company set a price band of ₹151 to ₹159, with the public issue opening on August 7.

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Source: inc42

Capillary Tech Swings To ₹10 Cr Loss In Q1 Despite 42% YoY Revenue Growth

Business

SaaS company Capillary Tech reported a net loss of ₹9.6 Cr for Q1 FY27, contrasting with a ₹74.5 Lakh profit in the same quarter last year. Despite this, operating revenue grew 42% year-on-year to ₹256.6 Cr. The net loss was primarily driven by an exceptional loss of ₹33.4 Cr. Excluding one-off items, the company's normalised profit reached ₹25.4 Cr, representing a significant 332% increase year-on-year.

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Source: inc42

Mark Zuckerberg Should Apologise Over PM Modi’s Facebook Video Removal: Parl Panel Chair

Business

Parliamentary Standing Committee chair Nishikant Dubey demanded an apology from Meta CEO Mark Zuckerberg after the platform temporarily removed a video of Prime Minister Narendra Modi. While Meta attributed the incident to a technical error, the committee raised broader concerns regarding AI moderation, deepfakes, and child safety. Consequently, Meta implemented stricter approval processes for moderation decisions, while the government considers reviewing the company's safe harbour protections.

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Source: inc42

Klassroom IPO Oversubscribed 1.18X On Day 3 Till Now

Business

Edtech startup Klassroom’s IPO was fully subscribed, receiving bids for 20.74 lakh shares against 17.58 lakh offered. Driven largely by retail and non-institutional investors, the issue was 1.18 times oversubscribed. The company aims to raise ₹39 crore for technology upgrades and debt repayment, listing on the BSE SME platform on August 7. Klassroom reported a significant FY26 net profit of ₹7.6 crore, reflecting strong financial growth.

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Source: inc42

GetVantage Raises ₹63 Cr To Expand Its B2B Revenue Based Financing Platform

Business

B2B fintech startup GetVantage has raised ₹63 crore ($6.6 million) in a Series A1 funding round led by Rajeev Ahuja and SanRaj Group. The Mumbai-based company will use the capital to scale its Capital Gateway platform and expand its financing capacity beyond ₹700 crore. GetVantage provides cash-flow-based, equity-free lending solutions to MSMEs and startups, aiming to bridge India's significant credit gap through data-driven underwriting.

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Source: inc42

WhatsApp Tests Age Verification Prompt Ahead Of DPDP Act Rollout

Business

WhatsApp is testing optional age verification methods to comply with India's upcoming Digital Personal Data Protection Act. Simultaneously, the platform is addressing mistaken account suspensions and facing regulatory scrutiny over content moderation errors involving high-profile figures. Additionally, India's IT ministry has requested a pause on WhatsApp's username feature rollout to prevent potential impersonation and fraud, as Meta navigates increasing legal challenges within the country.

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Source: inc42

Apple Restores Telegram On App Store After Brief CSAM-Related Takedown

Business

Apple briefly removed Telegram from the App Store globally after discovering child sexual abuse material. The app was restored once Telegram removed the content and banned the responsible user. This incident occurs as Telegram faces intensifying regulatory pressure in India over issues like piracy, drug trafficking, and exam leaks. The Indian government has labeled the platform the "new dark web," while Telegram maintains it actively combats misuse through moderation.

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Source: inc42

Ather Energy Surges 18% To Hit All-Time High As Brokerages Turn Bullish After Strong Q1

Business

Ather Energy shares reached an all-time high after the company reported strong Q1 FY27 results, including turning EBITDA positive and narrowing its net loss by 71%. Driven by an 89% surge in operating revenue and robust scooter demand, brokerages like CLSA, HSBC, and Nomura issued bullish ratings. The EV maker plans to expand production capacity via Factory 3.0 and launch a new scooter platform on August 29.

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Source: inc42

Ather’s Stellar Q1, Klassroom IPO Day 2 & More

Business

Ather Energy turned EBITDA positive in Q1 FY27, narrowing net losses by 71% amid surging scooter volumes and revenue growth. Meanwhile, Imarticus acquired Singapore-based BELLS for ₹800 crore, and Shiprocket prepares for a ₹7,000 crore IPO. In contrast, MakeMyTrip's net profit plunged 65% due to currency depreciation. Additionally, the.

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Source: inc42

Ex-Delhivery, Cleartrip Execs Launch Profound To Bring AI-Powered Professional Support For Individuals

Business

Profound, an AI-native startup founded by Prashant Parashar and Anuj Rathi, has raised $1.5 million in seed funding from Stellaris Venture Partners, 3one4 Capital, and prominent angel investors. The company creates AI professional representatives that manage networking, personal branding, and job matching for users. Profound offers subscription-based consumer services and a B2B recruitment vertical for startups, targeting professionals in tech, marketing, sales, and analytics roles.

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