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Source: Startup

Groww Q1: Profit Surges 94% YoY To ₹735 Cr

Business • via Startup • Palak Sharma

"Investment tech platform Groww reported a significant increase in its consolidated net profit for the first quarter of FY27, reaching ₹735 crore, a 94.3% rise from the previous year. Sequentially, profit grew by 7.1%. Operating revenue surged 66% year-on-year to ₹1,501.4 crore, though it remained nearly flat compared to the preceding March quarter. Total revenue, including other income, stood at ₹1,548.7 crore against expenses of ₹555.7 crore.".

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Source: Startup

Ather Energy Hits 52-Week High After Hero MotoCorp Announces ₹1,000 Cr Investment

Business • via Startup • Shrishti Bisht

"Ather Energy's shares hit a 52-week high after Hero MotoCorp approved an additional investment of up to ₹1,000 crore. Hero MotoCorp already holds a 29.48% stake in the electric vehicle maker. Ather plans to raise up to ₹2,500 crore for research, development, and manufacturing expansion to combat intensifying competition in India's electric two-wheeler market. The company has recently reported strong revenue growth and narrowing net losses.".

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Source: Startup

The Unit Economics Of India’s Voice AI Boom

Business • via Startup • Ankush Das

Indian voice AI startups are shifting focus from technical perfection to business sustainability. While per-minute pricing remains the dominant revenue model, profitability depends heavily on achieving high customer volumes and owning the underlying technology stack to protect margins. Early adoption is strongest in high-volume sectors like banking and ecommerce, where AI agents enable cost-effective, multilingual outreach, moving the industry toward hybrid pricing tied to business outcomes.

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Source: Startup

Exclusive: D2C Grocery Startup Anmasa Bags ₹30 Cr To Expand Into New Markets

Business • via Startup • Shrishti Bisht

D2C grocery startup Anmasa has raised ₹30 Cr in a seed round led by Fireside Ventures and Blume Ventures. The company utilizes a hyperlocal “bright store” model to provide made-to-order, minimally processed staples like customized flour and spices. Currently operating in Delhi NCR, Anmasa plans to expand into cities like Bengaluru and Hyderabad, leveraging the new capital to enhance its technology, leadership, and manufacturing infrastructure.

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Source: Startup

Anthropic’s India Push, InsuranceDekho’s IPO & More

Business • via Startup • Team Inc42

Anthropic has introduced rupee-linked pricing for Claude to increase adoption in India, its second-largest market. Meanwhile, InsuranceDekho is preparing for a ₹9,500 crore IPO, and Elevation Capital launched a $500 million fund for early-stage startups. In other news, Udaan is seeking $160 million in financing, Medial is shutting down, and BYJU'S continues to face legal challenges in Singapore regarding its cofounder's contempt sentence.

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Source: Startup

E3 Electric.Ai Nets ₹100 Cr To Launch Electric Scooter Range

Business • via Startup • Shrishti Bisht

E3 Electric.Ai, founded by former TVS Motor EV head P Sanjeev, has raised ₹100 Cr ($10.4 Mn) in Series A funding led by BluVenture Holdings. The Bengaluru-based startup will use the capital to develop its AI-powered electric scooter, E3 TRION, focusing on intellectual property and technology. The scooter features predictive maintenance and safety tools, targeting a commercial launch across 90 Indian markets to compete in the growing EV sector.

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Source: Startup

Zomato Piloting AI-Powered Voice Bot For Food Delivery

Business • via Startup • Team Inc42

Zomato is piloting an AI-powered voice bot in Bengaluru, allowing select users to order food and receive personalized recommendations through conversation. This initiative is part of Zomato's broader GenAI strategy, which includes the Nugget support platform and internal logistics bots. Financially, Zomato reported a 33% year-on-year increase in operating revenue to ₹2,737 Cr for Q4 FY26, while its parent company, Eternal, saw net profits jump to ₹174 Cr.

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Source: Startup

BiofuelCircle Raises ₹35 Cr To Expand Its Biomass Supply Chain Ecosystem

Business • via Startup • Anjali Jain

BiofuelCircle, a Pune-based biomass supply chain startup, has raised ₹35 Cr in a bridge funding round led by Spectrum Impact to strengthen its working capital. With a valuation of approximately ₹615 Cr, the company operates 80 biomass banks across 10 states, connecting farmers to biofuel manufacturers. Targeting revenue growth to ₹500 Cr in FY27, the startup plans a Series B round in early 2027 to expand.

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Source: Startup

Udaan Lines Up $160 Mn Financing Round To Strengthen Balance Sheet

Business • via Startup • Lokesh Choudhary

B2B ecommerce unicorn Udaan has announced a $160 million financing transaction involving fresh equity, new debt, and debt-to-equity conversion. This move follows insolvency proceedings against its Singapore-based parent over defaulted convertible notes. The funding, which includes a $45 million private credit commitment, aims to restructure debt, strengthen the balance sheet, and prepare the company for a future public listing while improving overall profitability and operational efficiency.

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Source: Startup

InsuranceDekho To File DRHP By September-End: Report

Business • via Startup • Anjali Jain

"Insurtech startup InsuranceDekho plans to file its DRHP with SEBI by September, targeting a valuation of approximately ₹9,500 crore. The proposed IPO will likely include a fresh issue and an offer for sale. Simultaneously, the company is progressing with its merger with RenewBuy, aiming for a public listing by March 2027. This move follows a broader trend of Indian tech startups preparing for public market debuts.".

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Source: Startup

Shark Tank Fame Medial Shuts Down Amid Mounting Cash Crunch

Business • via Startup • Lokesh Choudhary

"Medial, a startup-focused social networking platform founded in 2023, is shutting down operations. CEO Niket Raj Dwivedi announced the decision following a cash crunch and failure to secure fresh funding or a sustainable monetization model. Despite reaching over 500,000 users across 30 countries and receiving backing from OG Capital and Ritesh Agarwal, the platform struggled to survive in a challenging market for Indian social networking startups.".

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Source: Startup

Claude Rolls Out India Pricing As Anthropic Bets Big On Its Second-Largest Market

Business • via Startup • Lokesh Choudhary

"Anthropic has launched rupee-denominated pricing for its AI chatbot Claude in India, its second-largest global market. The Pro plan starts at ₹2,000 monthly when billed annually, while the Max plan begins at ₹11,999. This move aims to reduce payment friction and attract more paying users, following similar strategies by OpenAI. Anthropic is further expanding its local presence with a new office in Bengaluru.".

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Source: Startup

Singapore HC Rejects Byju Raveendran’s Plea To Halt Six-Month Jail Sentence

Business • via Startup • Shrishti Bisht

"The Singapore High Court has rejected BYJU’S cofounder Byju Raveendran’s attempt to stop a six-month jail sentence for contempt. The ruling follows his failure to comply with court orders to disclose assets, a case initiated by the Qatar Investment Authority. While Raveendran is currently outside Singapore, the sentence remains active. This legal setback adds to the edtech founder's ongoing insolvency and financial disputes across India and the US.".

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Source: Startup

CCI Fines HP India ₹140 Cr For Rigging Tenders On GeM Portal

Business • via Startup • Gaurav Bagur

"The Competition Commission of India fined HP India ₹138.9 crore for anti-competitive practices and cartelisation on the Government e-Marketplace platform. HP was found dictating bid prices and coordinating cover bids for personal computer systems and printing supplies. While five resellers also faced penalties, HP received a reduced fine for voluntarily self-reporting its illegal activities. The regulator ordered all parties to cease these practices and undergo compliance training.".

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Source: Startup

Temasek Offloads Lenskart 3.56 Cr Shares In Multiple Tranches

Business • via Startup • Anne Florentyna

Singapore-based Temasek Holdings has sold a 2.05% stake in omnichannel eyewear retailer Lenskart through multiple open-market transactions. The sale of 3.56 crore shares is valued at approximately ₹1,937.3 crore, reducing its subsidiary MacRitchie’s stake to 4.71%. This divestment follows similar moves by other backers like SoftBank and ADIA. Despite a 7.5% dip in Q4 FY26 net profit, Lenskart reported a 46% increase in operating revenue.

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Source: Startup

IPO-Bound Zepto Eyes Premium Grocery Segment To Take On Blinkit, Instamart

Business • via Startup • Shrishti Bisht

Zepto is preparing to launch "Select," a premium grocery service featuring imported and gourmet products via a dedicated in-app tab. This strategic move aims to attract wealthier consumers and increase average order values ahead of the company's planned IPO later this year. Zepto intends to use IPO proceeds to expand its dark store network and infrastructure, competing with rivals like Blinkit and Swiggy Instamart in the premium market.

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Source: Startup

Avendus Eyes Final Close Of Future Leaders Fund III At ₹1,800 Cr By July-End

Business • via Startup • Shrishti Bisht

Avendus will finalize the close of its Future Leaders Fund III at approximately ₹1,800 crore by the end of July. Targeting late-stage companies nearing IPOs, the fund has deployed 30% of its capital, including a ₹140 crore investment in Parag Parikh Financial Advisory Services. Avendus plans to back five to six additional firms next year, reflecting strong investor appetite for mature Indian startups with clear liquidity paths.

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Source: Startup

Elevation Capital Launches Fund IX With $500 Mn Corpus To Back AI-Led Startups

Business • via Startup • Anjali Jain

"Elevation Capital has launched Fund IX with a $500 million target corpus to invest in early-stage Indian startups. Focusing on seed and Series A rounds, the fund targets sectors like consumer tech, fintech, and healthcare, with a strong emphasis on AI-first products. This initiative complements the firm's $400 million late-stage fund, enabling Elevation Capital to support startups from their inception through to the pre-IPO phase.".

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Source: Startup

Centre Asks Sarvam AI, BharatGen To Develop Mythos-Like Cyber AI Models

Business • via Startup • Shrishti Bisht

"The Indian government has tasked Sarvam AI and BharatGen with developing advanced cybersecurity capabilities similar to Anthropic’s Mythos to protect critical infrastructure. This initiative aims to reduce dependence on foreign AI models by creating sovereign, on-premises defenses hosted on isolated compute infrastructure. While CERT-In currently utilizes indigenous and open-source tools, the push for domestic capabilities responds to rising cyberattacks and faster vulnerability exploitation.".

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Source: Startup

The Indian Kitchen’s New Obsessions

Business • via Startup • Palak Sharma

India's $2 billion cookware market is shifting toward premium, non-toxic, and health-conscious products as consumers prioritize safety and durability. D2C startups like The Indus Valley, Ember, and Cumin Co. are attracting significant investment by offering toxin-free alternatives that withstand rigorous Indian cooking. While health awareness and regulatory pushes drive growth, brands must balance modern design with material transparency to build long-term consumer trust and mainstream adoption.

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