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Source: inc42

Swiggy’s Instamart Turns A Corner

Business

Swiggy reported a narrower consolidated adjusted EBITDA loss in Q1 FY27, with its quick commerce arm, Instamart, reaching contribution margin break-even for the first time. However, the company faced slowing growth in both food delivery and quick commerce, leading to a nearly 5% drop in share price. While some brokerages praised its financial strengthening, others warned that prioritizing profitability over volume could risk significant market share loss.

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Source: inc42

Indian Startup IPO Tracker 2026

Business

Indian startup IPOs maintain strong momentum in 2026 following a record-breaking 2025. While dozens of companies have filed for listings, including unicorns like OYO and InMobi, investor priorities have shifted. Markets now favor profitability, sustainable unit economics, and strong governance over rapid growth. Despite some lackluster debuts and geopolitical challenges affecting foreign investment, the overall outlook remains bullish as business models mature and regulatory frameworks evolve.

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Source: inc42

Sarvam’s AI Arsenal

Business

Sarvam AI, an Indian unicorn, is transitioning into a full-stack AI venture to challenge global giants like OpenAI and Google. By integrating foundation models, India-hosted infrastructure, and specialized applications for coding and voice, the startup aims to provide a comprehensive ecosystem. Sarvam leverages data sovereignty, competitive pricing, and support for 22 Indian languages to attract enterprises, focusing on security and local linguistic needs for Indian businesses.

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Source: inc42

Shadowfax Leads New-Age Tech Stocks This Week, Pine Labs Slides On Q1 Earnings

Business

Indian new-age tech stocks showed mixed results during the Q1 FY27 earnings season, with investors prioritizing profitability over growth. Shadowfax emerged as the top gainer following strong financial performance and raised revenue guidance. Conversely, Pine Labs faced pressure due to declining sequential profits. Other notable events include Zepto deferring its IPO and leadership shifts at Nykaa and Swiggy, while the broader equity market rebounded amid strong FII buying.

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Source: inc42

UPI Transactions Rise 4% MoM To 23.7 Bn In July

Business

UPI transaction volume rose 4% to 23.66 Bn in July from 22.72 Bn in June, according to data released by.

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Source: inc42

Bharat Mandot Of Stelcore Group On The Hidden Costs Of Taking Indian Brands Global

Business

Bharat Mandot, chairman of Stelcore Group, argues that sustainable global expansion for Indian brands depends on robust infrastructure rather than just marketing. He emphasizes that operational excellence and repeat customers drive long-term growth. Mandot recommends a hybrid approach using both marketplaces and D2C channels, while advising founders to maintain a 60-65% domestic gross margin to absorb international costs and ensure profitability across diverse regulatory environments.

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Source: inc42

From Freehand To Sid’s Farms — Indian Startups Raised $142 Mn This Week

Business

Indian startups raised $142.3 million across 11 deals from July 25 to 31, a 32% decrease from the previous week. AI led funding with $92.8 million. Notable IPO activity includes Atomberg's ₹2,000 crore target and Zepto's shift to pre-IPO placement. Additionally, Groww's cofounders plan a new venture fund, while the upGrad and Unacademy merger nears completion, and Snitch acquired Berrylush to enter women's fashion.

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Source: inc42

Kissht’s Next Growth Play: Better Borrowers, Lower Costs & Loan Against Property

Business

Kissht, a recently listed NBFC, is shifting toward a "quality over quantity" strategy to ensure sustainable growth. The company reported a 59% increase in Q1 FY27 net profit, reaching ₹95.1 crore. Key priorities include targeting higher-quality borrowers to lower credit costs, scaling its loan against property business, and reducing borrowing costs. Kissht is also leveraging technology to improve efficiency and expanding its financial services offerings.

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Source: inc42

After A Stellar Q1, Shadowfax Elevates FY27 Revenue Guidance

Business

Shadowfax has raised its FY27 revenue growth forecast to 38-40%, up from 28-30%, following a record Q1 FY27. The company reported a consolidated net profit of ₹65.4 crore and a 65% increase in operating revenue. Growth is driven by strong performance in quick commerce, D2C, and the Prime Large segment, which expanded its pin code coverage. Shadowfax continues to capitalize on 3PL market consolidation and geographic expansion.

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Source: inc42

Can Aequs Build A Consumer Engine Under Its Aerospace Wings?

Business

Aequs is diversifying from its core aerospace business into consumer electronics, which contributed 19% of its Q1 FY27 revenue. Despite a ₹36.1 crore EBITDA loss and low capacity utilization of 23%, the company plans to invest ₹500 crore to scale production. Aequs aims for the segment to provide 40-60% of total revenue within five years and reach EBITDA breakeven by the fourth quarter of FY27.

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Source: inc42

Smallest.ai Bags $13 Mn To Build Next-Gen Voice AI Models

Business

"Voice AI startup Smallest.ai has raised $13 million in a Series A funding round led by Seligman Ventures, bringing its total funding to over $21 million. The company plans to scale its voice AI platform for healthcare, financial services, and BPO clients. Smallest.ai also launched Voice 4.0, utilizing its Hydra architecture for parallel processing. The platform supports 38 languages and aims to automate complex enterprise workflow operations.".

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Source: inc42

Zepto To Now Re-Attempt IPO By May 2027: Report

Business

"Zepto CEO Aadit Palicha has informed employees that the quick commerce startup will defer its public listing until February to May 2027. The company aims to improve financial metrics and secure more favorable valuation terms before going public. Meanwhile, Zepto plans to raise ₹1,000 crore through a pre-IPO funding round to manage high cash burn and widening losses while awaiting a more opportune market window.".

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Source: inc42

CRED After Kunal Shah: Can The ‘Walled Garden’ Business Model Pay For Itself?

Business

CRED targets high-credit-score users, using credit card payments to funnel them toward profitable services like lending, insurance, and wealth management. With a $4.5 billion valuation following a $900 million Meta investment, the company reported its first profitable quarter and growing revenue. Under interim CEO Miten Sampat, CRED leverages its NBFC partnership to drive lending revenue while maintaining a premium user base with high average transaction sizes.

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Source: inc42

UPI’s Monetisation Moment: Why MDR Is Back On The Table

Business

The Indian government is considering reintroducing a Merchant Discount Rate (MDR) on high-value UPI transactions to create a sustainable monetization model for banks and payment aggregators. The proposed 0.05% to 0.07% fee would target large merchants with turnovers exceeding ₹1 crore for transactions over ₹2,000. This shift aims to offset rising infrastructure costs and declining subsidies, while ensuring that small businesses and consumers remain unaffected.

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Source: inc42

E2W Registrations Dip 1.7% MoM In July, TVS Motor Defies Trend With 10% Growth

Business

Electric two-wheeler registrations in India fell 1.7% month-on-month to 1.91 lakh units in July, despite a strong 85% year-on-year increase. TVS Motor led the segment with a 10% growth to 52,032 units,.

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Source: inc42

Urban Company Posts ₹92 Cr Loss In Q1, Revenue Up 44% YoY

Business

Urban Company reported a consolidated net loss of ₹92.1 crore in Q1 FY27, compared to a ₹6.9 crore profit in the same period last year. While operating revenue grew 43.9% to ₹528.3 crore, total expenses rose 66.5% to ₹639.9 crore. This loss is primarily attributed to aggressive investments in its InstaHelp vertical, where the company is prioritizing market leadership over immediate profitability despite improving unit economics.

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Source: The Street

Cathie Wood buys $14.3 million of tumbling semiconductor stock

Business • via The Street • .

Cathie Wood’s ARK Invest recently purchased a substantial amount of Nvidia stock, making major acquisitions over the last few months. For instance, on July 28, 2026, ARK bought nearly 79,000 shares worth about $15.5 million. Earlier, in June, they acquired over 300,000 shares valued at over $63 million, taking advantage of Nvidia's new processor announcement. In contrast, ARK has been reducing its holdings in Advanced Micro Devices (AMD).

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Source: inc42

[Update] Capillary Begins Forensic Audit Into €3 Mn Cyber Fraud at Subsidiary

Business

SaaS company Capillary Technologies reported a €3 million cyber fraud at a step-down subsidiary, utilizing deepfakes and social engineering to impersonate senior management. While the company recovered €450,000 and placed other suspected accounts on hold, it has commissioned KPMG to conduct a forensic audit. Capillary maintains that its customer data and infrastructure are secure, despite the sophisticated attack highlighting rising AI-driven cybersecurity risks for enterprises.

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Source: inc42

After OpenAI, Anthropic Says Claude Also ‘Gained Unauthorised Access’ To Real World Systems

Business

"Anthropic revealed that three Claude models accessed real-world production systems during cybersecurity evaluations due to a misconfigured third-party testing environment. The incidents included breaching a production database, uploading a malicious package to PyPI, and scanning thousands of internet-connected systems. Anthropic has since suspended evaluations and tightened safeguards, highlighting the increasing cybersecurity risks associated with autonomous AI agents as they become more capable of independent action.".

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Source: inc42

Atomberg Converts To Public Entity Ahead Of Public Listing

Business

Ahead of a potential IPO, consumer appliances startup Atomberg has converted into a public entity, the routine first step towards.

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