ixigo Crashes 13% Despite Strong Q1, JM Financial Cuts Target Price

Source: inc42

ixigo Crashes 13% Despite Strong Q1, JM Financial Cuts Target Price

Business

ixigo shares dropped over 12% following Q1 FY27 earnings, despite an 81% surge in net profit to ₹34.2 crore and a 13% revenue increase. Investors and JM Financial expressed concerns over near-term margin pressure resulting from aggressive investments in AI, hotels, and strategic acquisitions like Brevistay. Consequently, JM Financial lowered its target price to ₹200, citing higher spending on growth initiatives that may delay margin expansion.

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How WalkAbout helps active agers find purpose in life after 55

Startups

Deval Delivala co-founded WalkAbout India, a community platform designed for active adults aged 55 and above. Aiming to redefine aging in India, the venture promotes independence through four key verticals: finance, health, enrichment, and social engagement. WalkAbout offers business accelerators, wellness programs, and peer-led hobby classes to help seniors find purpose. Recently funded by HDFC Ventures and angel investors, the platform focuses on improving longevity and mental well-being.

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EV retail sales break record at 3.27 lakh units in July: FADA

Startups

"India's electric vehicle retail sales reached a record 3,27,901 units in July, growing 66% year-on-year, according to the Federation of Automobile Dealers Associations. Nearly one in eight vehicles sold was electric, with significant growth across all segments. Two-wheelers led the surge with over 200,0.

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Ola Electric Q1: Loss Narrows 22% YoY To ₹336 Cr, Revenue Plunges 45%

Business

Ola Electric reduced its Q1 FY27 net loss by 22% year-on-year to ₹336 crore, despite a 45% annual revenue decline to ₹455 crore. The company saw a 72% sequential revenue increase and grew its market share to 8.4%. Focused on achieving operating breakeven, Ola Electric is cutting costs and expanding its dealer-led distribution network into non-metro markets to deepen its presence and drive future growth.

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India's handloom doesn't need sympathy. It needs better positioning

Startups

India's handloom sector faces a crisis as young weavers leave for financial stability. To revitalize the industry, the author suggests shifting focus from price competition with powerlooms to emphasizing heritage, sustainability, and craftsmanship. By leveraging existing Weaver Service Centres, encouraging craft-based startups, and integrating modern technology, India can transform handloom from a welfare-dependent sector into a profitable, globally competitive creative industry that attracts future generations.

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LEAP India IPO: Issue Subscribed 24% On Day 1 Till Now

Business

Logistics tech provider LEAP India’s IPO saw a 24% subscription on its first day, with employees and qualified institutional buyers showing the most interest. The company, valued at ₹7,004.5 crore, aims to list on the NSE and BSE on August 14. LEAP India reported significant growth in FY26, with net profit rising 66% to ₹62.3 crore, as it expands its supply chain solutions for diverse industrial clients.

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New Tax Laws Amendment Bill Clears Path For Simpler Data Centre Incentive Regime

Business

The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, simplifying tax incentives for foreign cloud companies to boost India's AI and data centre infrastructure. By removing separate government approval requirements and allowing leased facilities, the Bill reduces administrative hurdles and improves tax certainty. While industry leaders welcome the move, experts emphasize that power availability and infrastructure readiness remain critical for driving long-term global investments.

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Exclusive: Peak XV’s Vice President Kriti Gupta To Leave VC Firm After Five Years

Business

Peak XV Partners Vice President Kriti Gupta is set to leave the VC firm after five years by mutual agreement, planning to take time off. Her departure is part of an ongoing leadership reshuffle at Peak XV, which has seen multiple senior executives exit over the past two years. Gupta focused.

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Wakefit starts FY27 with profitability despite cost pressures

Startups

Wakefit posted stronger Q1 FY27 revenue and profitability, driven by own-channel growth, retail expansion and improved margins despite input-cost pressures, while warning that raw material inflation could weigh on first-half FY27 performance.

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How Aule Space is building a ‘jetpack’ to extend the lives of satellites

Startups

Bengaluru-based startup Aule Space is developing a "jetpack satellite" to extend the operational life of geostationary communication satellites. By docking with fuel-depleted spacecraft, Aule's technology provides propulsion, potentially saving operators hundreds of millions in replacement costs. The company, which recently raised $2 million in pre-seed funding, aims to achieve commercial deployment following a successful orbital docking demonstration scheduled for next year.

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D2CX Converge Kolkata Unpacks The Playbook For Scaling India’s Next Generation Of Consumer Brands

Business

Inc42 and Shadowfax hosted the Kolkata edition of D2CX Converge, bringing together over 60 founders and ecosystem leaders. The event featured discussions on scaling D2C brands, focusing on customer obsession, operational excellence, and omnichannel growth. Key highlights included Wow! Momo's journey to ₹1,000 Cr+ and strategies for reaching the ₹100 Cr milestone, emphasizing that sustainable growth requires disciplined execution and a deep understanding of consumer behavior.

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RBI Bars Lenders From Locking Borrowers’ Devices Except For Gadget Loans

Business

The Reserve Bank of India has prohibited banks from disabling borrowers' devices for loan recovery, unless the loan specifically financed the device. Effective January 1, 2027, lenders must obtain OEM certification and follow a graduated restriction process for financed gadgets. Essential services must remain accessible, and restrictions only begin after 30 days of default. Lenders must compensate borrowers ₹250 per hour for wrongful or delayed device restoration.

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6 Books that teach lessons from ordinary everyday life

Startups

Life's most profound lessons often stem from ordinary experiences rather than dramatic events. Six books, including A Man Called Ove and The Little Prince, illustrate how simple interactions, relationships, and daily routines foster personal growth and resilience. These stories emphasize that meaning is found in small choices and connections, reminding readers that kindness, gratitude, and self-understanding are often hidden within the details of everyday existence.

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Can a services firm scale like a product company? This ex-Tally CFO is betting on AI

Startups

Sathya Pramod, former Tally Solutions CFO, has rebranded his advisory firm as Northbound Advisors to pioneer an AI-native services model. By integrating a proprietary AI tool and pursuing a roll-up strategy to acquire smaller firms, Northbound aims to scale non-linearly, similar to product companies. The firm targets early-stage and midsize markets, automating routine compliance and financial tasks to increase partner capacity and delivery efficiency.

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BlissClub Raises ₹160 Cr To Fuel Offline Expansion, Enter New Categories

Business

<summary> D2C athleisure brand BlissClub has raised ₹160 Cr in a funding round led by Singularity AMC, with existing investors also participating. The capital will accelerate the startup's

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7 Books that reveal the psychology of human attachment

Startups

Explore 7 books that reveal the psychology of human attachment, relationships, emotional bonds, and why we connect with others.

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Edtech Klassroom’s Shares List At 7% Premium To Issue Price

Business

Fusion Klassroom Edutech debuted on the BSE SME platform at ₹170, representing a 6.9% premium over its ₹159 issue price. The stock later reached ₹178.50. The company raised ₹39 crore through an IPO consisting of a fresh issue and an offer for sale, which was oversubscribed. Proceeds will be utilized for technology upgrades, content development, marketing, and debt repayment, testing market appetite for the edtech sector.

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Athleisure brand BlissClub bags Rs 160 Cr to expand product range, retail footprint

Startups

"Bengaluru-based athleisure brand BlissClub has raised Rs 160 crore in a funding round led by Singularity AMC, with participation from founders and existing investors Elevation Capital and Eight Roads Ventures. The company plans to use the capital to expand its product categories, grow its offline retail network, and enhance product development. Since 2020, BlissClub has evolved into an omnichannel brand, recently expanding into the menswear segment.".

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Why Starting Matters More Than Waiting for the Perfect Plan

Startups

Plato’s assertion that the beginning is the most important part of any work emphasizes that the first step establishes momentum and direction. While fear and perfectionism often lead to procrastination, confidence and clarity typically emerge through action rather than preparation. By focusing on small, consistent steps instead of perfect conditions, individuals can build the necessary habits and foundations required to achieve long-term success and meaningful accomplishments.

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Jammu & Kashmir's startup reckoning: What the next chapter demands

Startups

Jammu & Kashmir has established a startup foundation through policy, incubators, and funding. However, the region must now shift focus from participation metrics to sustainable outcomes like revenue and job creation. Key challenges include improving market access, securing follow-on capital, and reducing geographic disparities between urban centers and remote districts. Ongoing initiatives, including investor summits and expanded university incubators, aim to build a competitive, scalable ecosystem.

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