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Source: Startup

Paytm Eyes New Horizons With Enterprise AI & Wallet Revival

Business • via Startup • Lokesh Choudhary

Paytm is diversifying its business model by commercializing internal AI solutions for enterprises and expanding into wealth management. Following a strong Q1 FY27 performance with a 78.8% profit increase, the company aims to boost EBITDA margins beyond 20%. Additionally, Paytm is seeking an RBI license to revive its digital wallet, intending to reduce reliance on transaction fees while building a high-margin, diversified financial ecosystem.

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Source: Startup

IndiaMART Q1: Profit Rises 12% YoY To ₹172 Cr, Plans Lending Foray

Business • via Startup • Akshit Pushkarna

"IndiaMART reported a 12% year-on-year increase in Q1 FY27 net profit to ₹172.2 crore, with operating revenue rising 11% to ₹414.4 crore. While the core marketplace grew 9%, its accounting software arm, Busy Infotech, saw a 49% revenue surge. Additionally, the company's board approved the creation of IndiaMART Finance, a new subsidiary focused on providing short-term working capital lending to enhance customer engagement and diversify services.".

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Source: Startup

Can Cent’s One-Scan Protocol Outdo India’s Legacy Preventive Healthcare Players?

Business • via Startup • Palak Sharma

Cent, a Bengaluru-based D2C preventive healthcare startup founded by former executives from Practo, Ola, and Lenskart, offers a comprehensive full-body diagnostic protocol. For ₹27,500, the company uses AI-enhanced MRI and other scans to detect cardiac, cancerous, neurological, and metabolic conditions early. Having raised approximately $5 million, Cent currently operates three centers in India and plans to expand to 25 more across major cities.

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Source: Startup

Zaggle To Acquire 20% Stake In Unobanc To Bolster Cross-Border Payments

Business • via Startup • Shrishti Bisht

"Zaggle Prepaid Ocean Services plans to invest up to ₹7.97 crore to acquire a 19.9% stake in Unobanc, a provider of digital cross-border payment and remittance infrastructure. This strategic move aims to enhance Zaggle's forex and remittance capabilities for corporate and retail clients. Unobanc holds an FFMC licence and RBI approval for an AD Category-II licence. The transaction is expected to close within 90 days.".

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Source: Startup

BlueStone Zooms 20% After Reporting Third Consecutive Profitable Quarter

Business • via Startup • Anjali Jain

BlueStone reported a net profit of ₹6 crore in Q1 FY27, a significant turnaround from a ₹34.7 crore loss last year. Driven by 50% year-on-year revenue growth to ₹736.8 crore and 39% same-store sales growth, shares surged up to 20%. The company plans to expand its store network to 706 outlets by FY30, targeting annual revenues of ₹12,000 crore through its omnichannel model and lifestyle jewellery focus.

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Source: Startup

E2E Networks Reports ₹44 Cr Profit In Q1, Revenue Zooms 3.3X YoY

Business • via Startup • Akshit Pushkarna

AI cloud provider E2E Networks reported a net profit of ₹43.9 crore for the first quarter of FY27, reversing a net loss of ₹2.8 crore from the previous year. Profit grew sixfold sequentially from ₹6.4 crore. Operating revenue rose to ₹156.8 crore, marking a 3.3X year-on-year and 64% quarter-on-quarter increase. Total income reached ₹168.2 crore, while total expenses doubled year-on-year to ₹109.6 crore during the period.

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Source: Startup

MS Dhoni Invests In Rooftop Solar Startup SolarSquare

Business • via Startup • Shrishti Bisht

"Former Indian cricket captain MS Dhoni has invested in rooftop solar startup SolarSquare through his family office, Midas Deals, and joined as its brand ambassador. This investment is part of a $53 million Series C funding round led by Lightspeed. SolarSquare intends to use the capital to expand into 30 to 40 new cities, enhance its technology platform, and improve customer services amid India's growing residential solar market.".

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Source: Startup

Traveltech Startup 30 Sundays Raises ₹61 Cr To Expand AI-Powered Holiday Planning

Business • via Startup • Anjali Jain

AI-native traveltech startup 30 Sundays has raised ₹61 crore ($6.7 million) in a Series A round led by Bessemer Venture Partners. The Gurugram-based company will use the funds to enhance its AI capabilities, expand its engineering team, and enter new international markets including Georgia and the Philippines. The platform offers AI-driven, end-to-end holiday planning for outbound Indian travelers, currently achieving a ₹200 crore annualized gross booking value.

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Source: Startup

LenDenClub Parent’s Profit Jumps 183% To ₹96 Cr In FY26, Eyes Merchant Lending Foray

Business • via Startup • Palak Sharma

Vartis Platforms, the parent company of LenDenClub, reported a 183% increase in FY26 profit to ₹96.2 crore, with operating revenue rising 43% to ₹338 crore. This marks the startup's second straight profitable year following an RBI crackdown on P2P lending. Processing nearly ₹5,000 crore in transactions, the company now plans to enter merchant lending and targets total revenue of approximately ₹550 crore for FY27.

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Source: Startup

The End Of The ROAS Era In D2C?

Business • via Startup • Meha Agarwal

Indian D2C brands are shifting their marketing strategies away from a heavy reliance on Meta and Google due to rising acquisition costs and the rise of AI-driven product discovery. Companies are now prioritizing organic content, customer retention, and omnichannel execution to ensure sustainable growth. Consequently, brands are replacing traditional ROAS metrics with profitability-focused measures like marketing efficiency ratio and contribution margins to better track real business health.

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Source: Startup

Ather Energy Raises ₹1,300 Cr Via QIP At ₹1,202 Per Share

Business • via Startup • Palak Sharma

"Electric two-wheeler manufacturer Ather Energy has raised approximately ₹1,300 crore through a qualified institutional placement. The company allotted 1.08 crore equity shares at an issue price of ₹1,202 per share, which was 2.8% above the floor price. Major investors include the Abu Dhabi Investment Authority and several mutual funds, such as HDFC, Axis, and Tata, with each receiving over 5% of the total issue size.".

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Source: Startup

Paytm’s Q1 Show, NVIDIA’s New GPU Game Plan & More

Business • via Startup • Team Inc42

Paytm reported a strong Q1 FY27 with profits rising 79% to ₹220 crore and revenue hitting ₹2,448 crore, driven by AI and payment growth. Meanwhile, NVIDIA is offering credit support to AI.

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Source: Startup

Transition VC Launches ₹1,500 Cr Fund To Back Deeptech Startups

Business • via Startup • Lokesh Choudhary

Bengaluru-based Transition VC has launched its second fund with a target corpus of ₹1,500 crore to support engineering-led startups. The firm plans to invest $2 million to $5 million in over 20 companies focusing on energy transition, advanced manufacturing, and industrial deeptech over the next four years. Deployments will begin in Q3 FY27, targeting startups with proven technical feasibility and early commercial traction to drive India's energy transition.

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Source: Startup

Paytm’s Board Shoots Down Proposal To Issue Bonus Shares

Business • via Startup • Team Inc42

"Paytm's board has rejected a proposal to issue bonus shares, deciding instead to prioritize compounding growth and profitability to enhance long-term shareholder value. This decision follows the announcement of the company's Q1 FY27 financial results, which showed a significant 78.8% year-on-year increase in consolidated net profit to ₹220 crore and a 27.6% rise in operating revenue, reaching ₹2,448 crore for the quarter.".

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Source: Startup

Paytm Mints ₹220 Cr Profit In Q1, Revenue Up 28% To ₹2,448 Cr

Business • via Startup • Team Inc42

Paytm reported a strong financial performance for Q1 FY27, with consolidated net profit surging 78.8% year-on-year to ₹220 crore. The fintech major's operating revenue grew 27.6% to ₹2,448 crore, while total income reached ₹2,630 crore. Despite these gains, total expenses increased by 18.2% to ₹2,383 crore. Sequentially, profit rose 20.2% from the previous quarter, reflecting steady growth in the company's overall financial trajectory.

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Source: Startup

Wealthtech Startup Veriqus Raises ₹387 Cr To Build AI-Led Investment Platform

Business • via Startup • Shrishti Bisht

Wealthtech startup Veriqus Group has raised ₹387 crore in a funding round led by Norwest to develop an AI-powered wealth and asset management platform. Founded by Ashish Gumashta and Roshi Jain, the firm will provide advisory, lending, and investment services to high-net-worth individuals and institutions. Veriqus plans to utilize an open-architecture model and expand its presence into India's fast-growing Tier-II cities to serve affluent investors.

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Source: Startup

BlueStone Q1: Profit At ₹6 Cr, Revenue Jumps 50% YoY To ₹737 Cr

Business • via Startup • Akshit Pushkarna

Omnichannel jewellery major BlueStone reported a profit after tax of ₹6 crore in Q1 FY27, recovering from a ₹34.8 crore loss in the same period last year. However, PAT fell 81% sequentially from ₹31.2 crore in Q4 FY26. Operating revenue grew 50% year-on-year to ₹736.9 crore, while total income reached ₹751.8 crore. Total expenses for the quarter increased by 38% year-on-year, totaling ₹744.8 crore.

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Source: Startup

Scapia Announces ₹20 Cr ESOP Buyback

Business • via Startup • Anne Florentyna

Travel-focused fintech startup Scapia has launched a ₹20 crore ESOP buyback program, allowing eligible employees to liquidate up to 10% of their stock options. This move follows a recent $63 million funding round, bringing the company's total raised to over $135 million. Scapia, which offers travel-centric co-branded credit cards, aims to reward its team and improve retention, mirroring a growing trend of liquidity events among Indian startups.

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Source: Startup

Norwest Capital Co-Leads $40 Mn Round In Raghu Vamsi Aerospace

Business • via Startup • Shrishti Bisht

"Hyderabad-based Raghu Vamsi Aerospace Group (RVAG) has raised $40 million in a funding round led by Norwest and Skegen Asset Management. The company plans to use the capital to expand manufacturing capacity across India, the UK, and the US, while enhancing its deeptech and mission systems businesses. With an order book exceeding ₹2,500 crore, RVAG supplies precision components to global aerospace and energy leaders.".

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Source: Startup

Exclusive: Redcliffe Labs To Acquire Megavision Diagnostics In ₹40 Cr Deal

Business • via Startup • Palak Sharma

Redcliffe Labs is acquiring Pune-based Megavision Diagnostics Centre for approximately ₹40 crore to expand its radiology and imaging capabilities. This move is part of a broader inorganic growth strategy to transition from pathology to an integrated diagnostics platform. Following recent acquisitions in Rajasthan, the healthtech startup aims to leverage these facilities to drive growth, targeting a total revenue of ₹700 crore by the 2027 financial year.

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