Snitch Acquires D2C Women’s Fashion Brand Berrylush To Expand Beyond Menswear

Source: inc42

Snitch Acquires D2C Women’s Fashion Brand Berrylush To Expand Beyond Menswear

Business

Menswear brand Snitch has acquired a 100% stake in D2C women’s fashion label Berrylush to enter the women's apparel market. While financial terms remain undisclosed, Berrylush will maintain its brand identity and existing team. Snitch intends to scale the brand into a ₹1,000 Cr business by providing support in technology, supply chain, and marketing, leveraging Berrylush's established customer base to accelerate its growth and omnichannel expansion.

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Meta summoned after PM Modi post removed; govt rejects glitch explanation

Startups

The Indian government summoned Meta's global head of public policy after the company erroneously removed a post by Prime Minister Narendra Modi regarding paper leaks. While Meta attributed the removal to an automated filter glitch, officials found the explanation insufficient. This incident occurs amid broader regulatory scrutiny of Meta in India, including concerns over WhatsApp features, Instagram advertisements, and AI tools, as the government emphasizes platform accountability.

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Flipkart's supply chain arm Ekart opens logistics network to external brands

Startups

"Ekart, the logistics arm of Flipkart Group, is opening its pan-India network to external businesses, including MSMEs, D2C brands, and FMCG companies. Through a new franchise model and expanded warehousing, Ekart aims to reach 1,000 outlets by 2026. External partners will gain access to dedicated fulfillment centers and AI-powered technology for shipment tracking and demand forecasting, enabling them to scale operations and reduce delivery turnaround times.".

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Antler India bets on AI, climate tech, and deeptech with new startup cohort

Startups

VC firm Antler India has unveiled nine early-stage startups across sectors including AI, climate technology, mobility, and healthtech. This new cohort emphasizes a shift toward solving complex industrial and infrastructure challenges over traditional consumer internet models. Featuring innovations like autonomous cargo aircraft and long-duration batteries, the startups reflect India's growing deeptech landscape and global ambitions, supported by a broader national push toward AI infrastructure and indigenous development.

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Centre Summons Meta Over Removal Of PM Modi’s Facebook Post

Business

The electronics and IT ministry (MeitY) has summoned Meta’s global head of public policy after Facebook temporarily removed a video.

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Pine Labs Q1: Profit Surges 4X YoY To ₹20 Cr, Revenue Up 20%

Business

Fintech major Pine Labs reported a significant surge in Q1 FY27 net profit, which rose over fourfold year-on-year to ₹19.6 crore from ₹4.8 crore. Operating revenue grew 20% YoY to ₹736.9 crore, reflecting a 5% sequential increase. Despite this growth, net profit declined by 203% compared to the previous quarter. Total income reached ₹765.9 crore, while total expenses increased by 11% year-on-year to ₹728.1 crore.

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Nykaa Ropes In Ex-Instamart COO Ankit Jain To Helm Nykaa Now

Business

Ankit Jain, former COO of Swiggy Instamart, has joined Nykaa as the business head for Nykaa Now and executive vice president for supply chain of Nykaa Beauty. His appointment aligns with Nykaa's strategy to aggressively expand its quick commerce operations in FY27. This move follows significant executive turnover at Swiggy Instamart. Meanwhile, Nykaa reports strong growth projections for its beauty and fashion segments, targeting $5 billion in GMV by FY30.

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Why QOSMIC Pivoted From Building Satellites To Ground Infrastructure For Satellite Data

Business

Modern satellites generate massive data volumes that exceed current radio-based downlink capacities. To solve this bottleneck, Indian startups like Astrogate Labs and Olee Space are developing laser communication. Specifically, QOSMIC is building low-cost optical ground stations to enable high-speed data transfer from space to Earth. By offering ground-station-as-a-service, QOSMIC aims to reduce costs and increase efficiency for global satellite operators through a distributed network.

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upGrad-Unacademy Merger Nears Completion

Business

Edtech major upGrad is in the final stages of acquiring edtech rival Unacademy in a transaction valued at ₹1,955 Cr,.

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Delhi HC Grants BharatPe Interim Relief In Unity SFB Shareholding Dispute

Business

"The Delhi High Court has granted interim relief to BharatPe by restraining Unity Small Finance Bank from increasing its authorized share capital and amending its memorandum of association. BharatPe argues that such changes require its prior consent and could dilute its 49% stake to 21%. Unity SFB contends the move only facilitates warrant conversion into non-voting shares. The court will hear the matter again on October 28.".

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Access to growth capital and market expansion are top priorities for Hyderabad's startup ecosystem

Startups

Hyderabad's startup ecosystem, comprising over 10,000 startups, is transitioning toward global scaling and market expansion, according to Endiya Partners' Hyderabad Startup Readiness Index 2026. While the city boasts strong infrastructure, talent from 355 global capability centres, and $3 billion in venture funding since 2014, stakeholders emphasize the need for increased growth capital. Improving capital access and collaboration remains critical for building globally competitive companies.

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Lyft and Baidu enter London’s robotaxi battleground as testing begins

Startups

Baidu has begun testing its Apollo Go RT6 autonomous vehicles in London through a partnership with Lyft and Freenow. Currently operating with human safety drivers in Brent, the service aims for a public launch by 2027, pending regulatory approval. This move places Baidu in competition with Waymo and Uber in the UK market. The final service will utilize a hybrid network, combining robotaxis with professional human drivers.

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Anicut Capital Takes Control Of Bira 91 Founder Ankur Jain’s Stake

Business

"Anicut Capital has acquired a stake of over 17% in B9 Beverages, the parent company of Bira 91, from founder Ankur Jain and his family. This transition follows Jain's resignation from the board and the relinquishment of executive control amid a severe financial crisis and debt exceeding ₹1,000 crore. Anicut Capital will now lead restructuring efforts and nominate three directors to revive the debt-laden craft beer maker.".

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Inflexor Ventures raises Rs 400 Cr as first close of Fund III

Startups

Inflexor Ventures has announced the first close of its third fund, the Inflexor Technology Discovery Fund, securing Rs 400 crore toward a Rs 1,250 crore target. Backed by the SRI Fund and HDFC AMC, the fund targets pre-Series A and Series A investments with cheque sizes between Rs 15 crore and Rs 45 crore. The firm aims to build a portfolio of 22–25 globally ambitious technology companies.

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Swiggy Instamart Onboards Former Myntra CEO Nandita Sinha As Chief

Business

"Swiggy Instamart has appointed former Myntra CEO Nandita Sinha as its new chief executive to drive the platform's next growth phase. Sinha succeeds Amitesh Jha, who recently resigned to take a personal break and spend time with his family. Sinha, who left Myntra in April after a five-year tenure, is expected to further develop Instamart's differentiated assortment strategy and maintain the company's current growth momentum.".

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ICICI Prudential MF Raises Shadowfax Stake To 8.56% After Buying 89 Lakh Shares

Business

ICICI Prudential Mutual Fund has increased its stake in logistics firm Shadowfax to 8.56% after acquiring 89.44 lakh shares for approximately ₹192 crore. This move follows significant stake sales by Flipkart and Eight Roads Ventures. Shadowfax's stock has risen 84% since its January listing, driven by strong financial growth and a shift to profitability in Q4 FY26, with revenue increasing 73.6% to ₹1,237 crore.

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Krutrim Cuts Nearly Half Of Remaining Workforce In Fresh Layoffs

Business

Bhavish Aggarwal's AI startup, Krutrim, has laid off 20-25 employees in its second round of cuts this year, nearly halving its remaining workforce. Primarily affecting product and engineering teams, the restructuring aligns with a strategic pivot toward enterprise AI and cloud infrastructure. Despite reporting increased revenue and profit, the unicorn faces allegations of delayed salary and reimbursement payments while reducing its dependence on Ola Group companies.

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Two fund managers who handled Rs 1.35 lakh crore for others just built a company for India's rich

Startups

"Veriqus, a new wealthtech platform co-founded by industry veterans Ashish Gumashta and Roshi Jain, aims to consolidate wealth management, asset management, business advisory, and lending for India's high-net-worth individuals. Unlike typical startups, it is led by experienced money managers. The company recently raised Rs 387 crore, led by Norwest Venture Partners, to target underserved high-growth cities and provide an integrated, AI-enabled financial ecosystem for wealthy families.".

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Fashion Commerce Finds Its Plus-Size Fit

Business

Indian D2C fashion brands are shifting from treating plus-size clothing as a separate category to integrating inclusive sizing into their core design and data strategies. By leveraging AI-led tools and low-inventory models, brands like Virgio and NEWME are focusing on precise fit and trend-led designs. This evolution addresses a growing market for both extended sizes and relaxed silhouettes, aiming to build customer loyalty through better proportions.

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Cursor makes its biggest India push yet ahead of SpaceX acquisition with localized pricing

Startups

"AI coding startup Cursor has launched "Cursor Start," a localized subscription for India priced at ₹649 per month. This move targets one of the world's largest developer markets to drive growth before Cursor's acquisition by SpaceX closes in Q3. The plan offers essential AI tools at a lower cost than the Pro version. Cursor is also expanding its local presence by hiring sales and support staff across India.".

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