StartUps
StartUps are the backbone of any country and in any Industry as these are the new ventures which entrepreneurs establish and then contribute to the nation growth and progress. The stratups will then grow and become unicorns and create thousands of employments in different sector boosting the economy and take it to the next level.
Top Print Advertisers from July to September 23, 23: TAM AdEx, SBS Biotech, Maruti Suzuki, and Kia
In 2023, Top10VPN calculated the worldwide economic impact of shutdowns, which included 79,238 hours of government-mandated internet outages, to be $9.01 billion. This indicates that India was responsible for approximately 6.5% of the total economic damage caused by internet outages worldwide.The cost of these disruptions—which included significant ISP throttling, internet blackouts, and shutdowns of social media—was estimated using a variety of metrics from the US Census, the World Bank, the ITU, and Eurostat.In India, internet outages are not unusual. India experienced 92 internet shutdown occurrences in 2023, and just a few days into 2024, the nation has already recorded another internet outage, according to SFLC.in's internet shutdown tracker. Furthermore, the Center has a history of taking action against particular websites and pressuring social media companies to remove content at their request. Authorities have disagreed with digital rights advocates over shutdowns, despite citing grounds including putting an end to rumors and misinformation.Since many users rely on online services for information and business, internet disruptions come at a high cost since they reduce trade, which has an economic impact.
Pre-Series A Funding of Rs 10 Crore is Secured by Settl for Co-Living Expansion
In a pre-series A investment round, investors including Gruhas, We Founder Circle, Inflection Point Ventures, and others have contributed Rs. 10 crore to the proptech startup Settl. Settl., which was founded in 2020, intends to use the money for technology advancement, staff growth, and working capital.With 60+ locations across Bengaluru, Hyderabad, Gurugram, and Chennai, Settl. is a co-living operator that offers 4000 beds, mostly for working people, for rental fees between Rs 12,500 and Rs 18,000 per bed.To date, the portal that lets users look for and rent completely furnished rooms, flats, or communal living spaces has raised a total of Rs 15 crore.Another IIT Madras initiative aims to support 100 businesses by 2024. By 2024, 100 companies from a variety of industries will be supported by the IIT Madras Incubation Cell (IITMIC), the institute's central hub for fostering, advising, and supervising diverse innovation and entrepreneurship initiatives."We at IIT Madras take tremendous satisfaction in the fact that we innovate a lot more. In 2024, we also want to launch 100 start-ups. A number of intriguing innovations are also emerging from IIT Madras-incubated start-ups, including Mindgrove Tech, AgniKul Cosmos, and Hyperloop start-up The ePlane Company. These startups will produce goods that are extremely important to the country." remarked Professor V. Kamakoti, Director of IIT Madras.
A diagnostics business is getting ready to launch a blood testing product in Austin and San Antonio.
Babson Diagnostics has successfully obtained important FDA clearance for its blood testing products following years of cooperation and trials. Listen to the most recent episode of Texas Business Minds to hear about the startup's history, its funding efforts, and the Texas towns it plans to debut in this year, including San Antonio.A diagnostic firm is getting ready to launch a blood testing product in Austin and San Antonio. Babson Diagnostics has successfully obtained important FDA clearance for its blood testing products following years of cooperation and trials. The creator of Babson Diagnostics is getting ready to introduce a cutting-edge blood test device. The founder, COO, and chairman of Austin-based Babson Diagnostics, a blood testing firm, is Eric Olson. He was recently a guest on the Texas Business Minds podcast.
How HRtech Startup Erekrut Is Revolutionizing Employers Hiring and Employee Job Search Processes
Since the start of the Covid-19 outbreak, hiring has been erratic. The alternatives available to recruiters have changed over time, ranging from totally remote, tech-driven interviews to in-person meetings brought on by the present back-to-office demands. Job seekers have also witnessed seismic shifts, with tech giants facing broad cuts and the "Great Resignation" giving way to enormous layoffs. Nevertheless, it's still difficult to get qualified applicants through the door, even in this unstable labor market. As a result, businesses and recruiting managers seek to create a talent pipeline that is both efficient and affordable, as well as future-proof recruitment. There are numerous elements to a successful talent hunt, such as finding the ideal candidate, creating a memorable application process, and providing individualized growth plans. Additionally, hiring must be quick and scalable in order to avoid losing out on top talent, income, and credibility for the business. To keep ahead of the curve, nothing really works better than quickly identifying the top candidates for open positions and automating processes. However, in 2019 Amity University fashion student Ajay Goyal witnessed the other side of the story while working as a volunteer for the university's campus-to-corporate program. It was obvious at the time that traditional hiring would need to be fixed because of its drawn-out processes, slow candidate responses, and general impersonal approach that failed to draw in or accommodate outstanding talent. Ajay, being one to let things slide, went to his father, Dr. Ravinder Goyal, who was a professional with almost thirty years of expertise in vocational training and placement.
VinFast, A Rival To Tesla, Is Likely To Construct An EV Battery Plant In India
The test-prep startup Unacademy reported that, despite constant layoffs at the company, its losses in FY23 decreased by 41% to Rs 1,678 crore. In FY23, employee-related expenses decreased by 28% to Rs 1,281 crore.The test-prep startup Unacademy reported that, despite constant layoffs at the company, its losses in FY23 decreased by 41% to Rs 1,678 crore. In FY23, employee-related expenses decreased by 28% to Rs 1,281 crore.In what was a difficult year for the startup environment, many modern businesses, like Myntra, ZestMoney, and Curefoods, reported stronger revenues for FY23, but their losses also increased.Revenue at Myntra rises to Rs 4,375 crore: The apparel retailer Myntra, which is owned by Flipkart, reported a 25% increase in operating revenue to Rs 4,375 crore in FY23, despite a 31% increase in losses to Rs 782 crore. The online fashion platform's largest expense, amounting to Rs 1,758 crore, was spent on advertising and promotional activities, representing a 35% increase over the previous year.Unacademy reduces losses to Rs 1,678 crore, or 41%: Unacademy, a startup providing test preparation, reported that its losses in FY23, which included several layoffs at the company, decreased by 41% to Rs 1,678 crore. The Bengaluru-based firm saw a 26% increase in sales to Rs 907 crore during the year, while costs associated with payroll decreased by 28% to Rs 1,281 crore.ZestMoney reports a loss of Rs 412 crore. ZestMoney, a troubled startup that has been searching for a buyer, declared a net loss of Rs 412.4 crore for the fiscal year 2023. On the other hand, while total expenses increased by 21% to Rs 662.2 crore, overall revenue for the buy-now-pay-later platform increased by 72% to Rs 250 crore.
In 2023, India Lost A Hefty $584 Mn Due to Internet Shutdowns
VinFast, an electric vehicle manufacturer located in Vietnam and considered a competitor of Tesla and BYD in China, is expected to establish its first manufacturing facility in Tamil Nadu, India. Batteries intended for electric vehicles will be produced at the company's new plant in Thoothukudi, according to Reuters, which cited people with direct knowledge of the situation.According to one of the persons who spoke with Reuters, "Several VinFast officials have visited Thoothukudi district in Tamil Nadu to check out sites." There were rumors in September that VinFast had started employing people in India for back-office, sales, and legal positions. But it's unclear how much VinFast would invest and when it will start operating in Tamil Nadu.The corporation is looking into ways to enter the Indian market with electric automobiles and scooters.In 2023, internet outages cost India $585.4 million in lost revenue, according to a report published by UK-based review website Top10VPN. According to the survey, 59.1 million Indians were affected by 7,812 hours of internet blackouts and 144 hours of social media shutdowns that the nation experienced throughout the year.
Prerna Korla becomes a Director of Communications for Asia Pacific at Mastercard.
Prerna Korla is a new Director of Communications for Asia Pacific at Mastercard. With over 15 years of significant experience, Prerna is a communication and PR specialist who has worked with leading Indian and international B2B and B2C brands. Prerna spent more than two years as Manager, Senior Communications at Microsoft before joining Mastercard.She was the Uber South Asia and India Consumer Communications Lead. Prerna has also collaborated with a number of PR companies, such as Edelman and MSL Group India. Prerna Korla has been appointed by Mastercard India as the director of communications for Asia Pacific. She leaves Microsoft after working there for two years as a senior communications manager. Korla updated her LinkedIn post on this development. Korla was the head of customer communications for a brief period of time at Uber before.
Rajat Diwakar is appointed CEO of iD Fresh Foods India.
Rajat Diwakar has been named CEO of iD Fresh Food's India division, the business announced on Friday. Diwakar worked as the Managing Director of Marico Bangladesh Limited before being hired by iD Fresh Foods. Additionally, he has over 20 years of experience leading FMCG companies.Leader of iD Fresh India, Rajat Diwakar Delhi, New: iD Fresh Food, a ready-to-cook packaged food firm, strengthened its leadership team on a national and international level on Friday by appointing industry veteran Rajat Diwaker as the India CEO and PC Musthafa as the Global CEO.Today, iD Fresh Food announced the appointment of Rajat Diwaker, a seasoned industry veteran, as the CEO for India. Rajat is a seasoned professional with more than 20 years of experience in the FMCG sector. He was the Managing Director of Marico Bangladesh Limited in his previous position. Additionally, he serves as a director on the board of Bangladesh's Foreign Investors' Chamber of Commerce and Industry (FICCI).In addition to continuing to lead the board of directors, PC Musthafa, who founded iD Fresh and served in that capacity for almost 20 years, now assumes the position of global CEO. Musthafa will be in charge of iD Fresh's worldwide market innovations, as well as international expansions, strategic acquisitions, the development of food-tech capabilities, and organizational culture inspiration.iD Fresh plans to designate specific Business Heads and CEOs for every international market as part of its expansion strategy. In actuality, the business is currently employing a US CEO. At present, more than one-third originates from sources outside of India. In 2024, the company intends to increase its presence in the current markets while branching out into new ones like Singapore and Australia.The global CEO of iD Fresh Food, PC Musthafa, commented on the most recent development, saying, "iD Fresh's journey has been incredibly rewarding so far, and we continue to make tremendous strides." I'm happy to have Rajat Diwaker join the iD Fresh team. I have no doubt that in the years to follow, we will accomplish greater things and win over more hearts under his capable and visionary leadership. And because of the unwavering support from customers that we have accumulated over the years, I am excited to lead the brand into new international markets as we set off on new experiences.
Namma Yatri and Bengaluru City Police collaborate to introduce a program for female drivers.
App for automatic booking Mahila Shakti, an initiative by Namma Yatri, aims to increase the number of female drivers. The Bengaluru City Police and this initiative were partners in its launch.This curriculum provides a thorough one-month training course covering safe driving, traffic rules, maintenance of vehicles, and practical driving. It also helps women launch their own automobile enterprises.After the ladies finish the program, Namma Yatri helps them own low-interest cars through financial institutions and provides them with electric cars for a small daily rent.On January 5, 2024, the Namma Yatri app company launched Mahila Shakti in Bengaluru. In partnership with Bengaluru police and non-governmental organizations, ride-booking service Namma Yatri announced plans to hire 1,000 women drivers over the next six months.Bengaluru: In partnership with the Bengaluru City Police, Parihar, and the Dr. B R Ambedkar Health and Education Foundation, Namma Yatri, the city's community-focused ride-booking app, has introduced the Mahila Shakti program, which is aimed at empowering women drivers. The goal of this program is to enable women from a variety of backgrounds to become skilled electric vehicle drivers. A thorough one-month training course including practical driving, traffic rules, safety, and car maintenance is provided by the Mahila Shakti program. It also helps women launch their own automobile enterprises. The initiative, which targets women between the ages of 25 and 45, opens doors to increased income, financial independence, and flexible work schedules. Following the free training, Namma Yatri helps women obtain low-interest car loans from financial institutions and gives them access to electric cars for a little daily fee."We are thrilled to launch this program, in line with our mission for women's empowerment," said Parihar's leader, Smt. Rani Shetty. It is encouraging to see more women taking up driving, as this makes Bengaluru a safer and more welcoming city. Juspay's Chief Product Officer, Magizhan Selvan, discussed the advancements, saying, "Since August 2023, we have been empowering women drivers in partnership with NGOs like Shishu Mandir." We take great pride in the 50 female drivers we employ, who between them have driven 55,000 kilometers, served 11,000 clients, and earned a total of Rs. 12 lakhs. By June 2024, we want to have 1000 women driving. Lead trainer Nagalakshmi S P talked about her own experience, saying, "Being an auto driver was a turning point to support my family." Taking the lead on this project makes me very happy.A ground-breaking program that promotes women's economic empowerment and questions established gender conventions is the Mahila Shakti Electric Auto Program. With its EV technology and user-friendly software, it makes the acceptance of driving as a career easier. Due to increased freedom and higher pay, participants evaluated driving automobiles as more favourable than traditional career options like housekeeping or shopkeeping. Women who are interested in participating in the program can reach Namma Yatri at 080-69724800 or 8618963188 via WhatsApp.
This quarter, CarDekho will file a DRHP for a ₹3,500 Cr IPO.
CarDekho, one of India's leading online automobile platforms, is preparing to take a major step toward becoming a publicly listed company. The company is expected to file its Draft Red Herring Prospectus (DRHP) this quarter for an Initial Public Offering (IPO) worth around ₹3,500 crore. Filing the DRHP is the first official step in the IPO process. The document is submitted to the Securities and Exchange Board of India (SEBI) and contains important details about the company, including its business operations, financial performance, risks, management, and how it plans to use the money raised through the IPO. After SEBI reviews and approves the document, the company can move forward with launching its IPO for public investors.CarDekho was founded in 2008 by Amit Jain and Anurag Jain. Over the years, it has grown into one of India's most trusted digital platforms for buying and selling new and used cars, comparing vehicle prices, reading reviews, and applying for car loans and insurance. The company has also expanded its business into other areas such as used vehicle financing, insurance services, and automobile retail technology. Through its digital-first approach, CarDekho has built a strong customer base across India and has also expanded its presence in several international markets. The proposed ₹3,500 crore IPO is expected to include a combination of fresh shares issued by the company and an offer for sale by some existing investors. The money raised through the fresh issue may be used to strengthen the company's technology, expand its business operations, repay certain debts, and support future growth plans. Existing investors may use the offer for sale portion to sell part of their holdings. The exact size of each component and other details will become clear after the DRHP is officially filed with SEBI.The IPO comes at a time when India's automobile market is growing rapidly, supported by rising demand for both new and used vehicles. More customers are now using online platforms to research, compare, finance, insure, and purchase vehicles. CarDekho has benefited from this trend by offering multiple services on a single platform, making the vehicle buying process easier and more convenient. The company also uses technology and data analytics to improve customer experience and help dealers and financial partners make better business decisions.
Mowito, a robotics startup, raises $3 million to increase its presence in the US.
Bengaluru-based robotics startup Mowito has raised $3 million (around ₹28.6 crore) in a pre-seed funding round to accelerate its growth and strengthen its presence in the United States. The investment marks an important milestone for the young deep-tech company, which is developing AI-powered software that enables industrial robots to learn complex tasks through observation instead of traditional programming.The funding round was led by Version One Ventures, with participation from All In Capital, Unisol, and iSeed. Several well-known angel investors also backed the startup, including AI researcher Soumith Chintala, robotics entrepreneur Adarsh Kulkarni, Ashish Kulkarni, and Vaibhav Domkundwar. Their participation reflects growing investor confidence in India's robotics and industrial AI ecosystem.Founded in 2024 by Puru Rastogi and Adityanag Nagesh, Mowito is building "Physical AI" models that allow standard industrial robotic arms to learn tasks by watching human operators. This approach reduces the need for complex coding and enables manufacturers to deploy robots more quickly on factory floors. The newly raised capital will primarily be used to expand operations in the US market, hire more engineering and go-to-market professionals, and increase deployments across automotive and electronics manufacturing companies. The startup aims to strengthen its presence in North America while continuing product development in India.According to CEO Puru Rastogi, the company's vision is to make robots learn the same way humans do—through observation and repetition. He said the funding will help Mowito accelerate the adoption of Physical AI and bring smarter automation to more manufacturing environments around the world.Mowito already operates in Bengaluru and Detroit, and claims that its AI-powered robots are being used by a Fortune 500 automotive company as well as one of the world's largest electronics contract manufacturers. The company's technology focuses on improving productivity, reducing manual intervention, and making industrial automation more flexible.
Vishal Gupta, CEO of PhonePe Insurance Arm, Resigns
Vishal Gupta, the Chief Executive Officer of PhonePe Insurance Broking Services, has stepped down from his position after spending nearly a decade with the Walmart-backed fintech company. Gupta announced his departure through a LinkedIn post, saying he is ready to begin a new entrepreneurial journey and build a startup from the ground up.Gupta joined PhonePe in 2016 as Vice President, where he led product management, user experience (UX/UI), customer experience, and risk functions. Over the years, he played a significant role in expanding PhonePe's financial services ecosystem and was appointed CEO of the insurance business in November 2023. Under his leadership, PhonePe strengthened its presence in India's fast-growing digital insurance market.In his farewell message, Gupta shared that he wants to "build from scratch, solve hard problems, find product-market fit, and earn the right to scale." While he has confirmed that he has founded a stealth startup, he has not yet disclosed details about the business or the industry it will focus on.Gupta's exit marks another high-profile leadership change at PhonePe. In recent months, the company has also seen the departures of senior executives from its subsidiaries, including the CEOs of Share.Market and Indus Appstore. These leadership transitions come as PhonePe continues to strengthen its organisational structure ahead of its long-awaited public listing.The leadership reshuffle comes at a crucial time for PhonePe. The fintech giant has reportedly postponed its initial public offering (IPO) due to market volatility, despite updating its draft IPO documents with the market regulator earlier this year. Even as it delays its listing plans, the company continues to expand across insurance, lending, wealth management, and merchant services while maintaining its leadership in India's digital payments ecosystem.Industry experts believe Gupta's departure reflects a broader trend in India's startup ecosystem, where experienced executives from established technology companies are increasingly choosing entrepreneurship. His move is expected to attract attention from investors and the startup community, while PhonePe is likely to focus on ensuring leadership continuity as it prepares for its next phase of growth.
SEBI Approves Fintech Unicorn Moneyviews 1500 Cr Plus IPO
Fintech unicorn Moneyview has acquired SEBI’s approval to proceed with its proposed IPO. According to the most recent information on its website, the regulator sent the fintech company a final observation letter on June 29. According to SEBI, the final observation's release signals that the IPO can move forward.In March of this year, Moneyview submitted its DRHP. According to the draft documents, the public offering would consist of an offer-for-sale (OFS) component of up to 13.61 Cr shares and a new issue of shares for up to ₹1,500 Cr. The startup wants to employ the money from the IPO to promote the growth of its loan business. Of the total fresh issuance, ₹650 Cr would be invested to stimulate growth in loan disbursals under default loss guarantee (DLG) arrangements and ₹450 Cr will be infused in its NBFC subsidiary Whizdm Finance Pvt Ltd to increase its capital base.The OFS will see cofounders and promoters Puneet Agarwal and Sanjay Aggarwal, along with investors like Accel, Ribbit Capital, Tiger Global, among others, sell their shares. As of December 31, 2025, Moneyview's assets under management (AUM) were ₹19,814 Cr, according to the DRHP. Moneyview, a digital-first lending platform founded in 2014, offers unsecured personal loans to underprivileged and credit-new clients. It partners with banks and NBFCs to originate loans through its app and website, while also lending from its own NBFC arm, Whizdm Finance. Notably, Accel owns 21.9% of Moneyview, making it the biggest stakeholder. Accel India IV and Accel Growth IV are two different funds that the investor used to deploy capital. Tiger Global owns 13.79% of Moneyview's pre-offer shares, or 21.2 Cr of equity. In the meantime, US-based Ribbit Capital presently owns 15.7 Cr of the fintech behemoth, or 10.2% of the business. Moneyview, a digital-first lending platform founded in 2014, offers unsecured personal loans to underprivileged and credit-new clients. It partners with banks and NBFCs to originate loans through its app and website, while also lending from its own NBFC arm, Whizdm Finance.
Swara Baby Products Sells ₹300 Cr in Shares After Filing DRHP and Parent FirstCry
Swara Baby Products, a contract manufacturer that specializes in disposable hygiene products, has submitted its DRHP for a ₹1,000 Cr IPO to SEBI. The IPO would consist of an offer-for-sale (OFS) component totaling up to ₹500 Cr and a new issue of equity shares worth up to ₹500 Cr. Additionally, the company intends to fund up to ₹100 Cr in a pre-IPO transaction. BrainBees, the holding company of Swara Baby Products, which runs the omnichannel kidswear brand FirstCryFirstCry Datalabs_in-article-icon, intends to offer shares through the OFS for up to ₹300 Cr.76.6% of Swara Baby Products is owned by Brainbees. The manufacturer will stay a Brainbees subsidiary after listing. Notably, CFO Gautam Sharma and CEO and cofounder of Brainbees Supam Maheshwari are non-executive directors on the board of directors of Swara Baby Products. Brainbees became a promoter and majority shareholder in Swara Baby Products in 2020 after first investing in the company in 2020 and again in 2023 and 2025. The money raised from the new issue will be used by Swara Baby Products to invest in its subsidiaries Solis Hygiene, Swara Hygiene, and KAEHPL, establish a new manufacturing facility in Madhya Pradesh, repay or prepay debt, and pursue inorganic growth through unidentified acquisitions.Alok Birla, Rahul Bubna, and Ritum Jain founded Swara Baby Products in 2018. The company produces sanitary napkins, panty liners, and diapers for both adults and babies. According to the company's draft documents, it is the biggest manufacturer of hygiene contracts in India in terms of value. It recorded an 18.5% increase in net profit from ₹80.7 Cr in FY25 to ₹95.6 Cr in FY26. Operating revenue increased from ₹943 Cr in FY25 to ₹1,163 Cr, a 23.4% increase. In a different incident, Brainbees notified the markets yesterday that its ESOP Trust has received a warning from the Income Tax Department regarding some income that has escaped taxation.
With $10 million in funding, the former president of Microsoft APAC launches kAIgentic to develop AI for multinational corporations
Ahmed Mazhari, the former president of Microsoft APAC, founded the agentic AI business kAIgentic in strategic collaboration with a $10 million investment from SMBC Group, one of the biggest financial organizations in Japan. In order to test AI systems inside actual banking procedures before branching out into other industries, kAIgentic is starting off with SMBC Group as its first client. The launch coincides with a larger change in the SaaS ecosystem, with enterprise AI expected to make up $71 billion of India's $126 billion AI industry by 2030.Ahmed Mazhari, a former president of Microsoft Asia Pacific (APAC), founded the agentic AI business kAIgentic in a strategic alliance with a $10 million investment from the Japanese multinational banking behemoth SMBC Group. The startup is developing specialized AI deployment infrastructure for large-scale enterprise operations, with its headquarters located in Singapore and its primary technical operations located in India. In a calculated move that distinguishes it from other early-stage businesses, kAIgentic will launch its platform at SMBC Group and introduce its tech stack in a live, heavily regulated setting.The SMBC Group is a multinational financial organization. With a 400-year history and its headquarters in Tokyo, SMBC Group provides a wide range of financial services, such as consumer finance, banking, leasing, stocks, and credit cards. A three-year IT investment of almost JPY 1 trillion was recently announced by the group in April 2026. By enhancing talent, improving the operational environment, increasing employee training, and creating AI-native business processes, the investment will be used to modernize its IT infrastructure and hasten the implementation of AI.
In the App Store Antitrust Case Apple Consents to Share India Financials With CCI
In the App Store Antitrust Case, Apple Consents to Share India Financials With CCIAccording to an agency order, Apple has consented to provide the financials of its India business to the nation's antitrust regulator as part of an inquiry that discovered the American company misused its market position, moving the long-delayed case one step closer to a possible penalty ruling.In India, a crucial growth region where it has quickly increased iPhone production as it diversifies outside of China, the case represents Apple's most prominent regulatory challenge. According to research from Counterpoint Research, the iPhone now makes up 9% of India's smartphone market, up from just 2% five years ago. According to a confidential Competition Commission of India (CCI) ruling that Reuters examined, Apple last month consented to provide its India financials, which are normally required by the watchdog in order to calculate penalties.Apple said it would challenge the results and denied any wrongdoing. Additionally, it declined to provide financial information. Apple has always maintained that the lawsuit should be put on hold because it is independently attempting to overturn India's new antitrust penalty statute, which gives the CCI the authority to penalize businesses based on their worldwide, not just Indian, turnover.Apple claims that the CCI requested global financial information, which might result in a $38 billion fine. The CCI has consistently disagreed with that position.
Shilpa Shetty Purchases Rosada D2C Kids Lifestyle Brand
Actor Shilpa Shetty Kundra has joined D2C kids' lifestyle brand Rosada as a strategic investor in an effort to increase its presence throughout India. Nevertheless, the startup withheld the deal's financial specifics. Rosada is a direct-to-consumer (D2C) brand based in Kolkata that was founded in 2014 by the husband-wife team of Shalu and Bhupesh Agarwal. It creates and produces personalized baby items, everyday necessities, and children's accessories. Bags, bedding, travel items, décor, and baby and early child utility products are all part of its offering. Compared to other products in the category, the business asserts that its in-house design and production capabilities allow for tighter quality control and greater design aesthetics.About 90% of Rosada's revenue comes from its official website, which is the company's primary digital-first business model. Additionally, it is available on marketplaces like FirstCry, Amazon, and Myntra, and it intends to expand further through e-commerce platforms. On the offline front, Rosada has 12 outlets through Hamleys stores in Bengaluru, Hyderabad, Delhi, and Kolkata, among other places. Additionally, the firm intends to create exclusive brand outlets (EBOs); a new showroom in Kolkata is anticipated to open within the next one to two months. Over the course of the upcoming year, it intends to open six to eight EBOs throughout India.
Coinbase a major cryptocurrency company has returned to the Indian market with direct INR trading
Coinbase, a global cryptocurrency exchange, has relaunched its platform in India with INR rails for Indian users, enabling direct rupee trading for digital currency investors. With Coinbase's immediate payment service (IMPS) option, users can now make direct bank account deposits and withdrawals. Additionally, spot trading on a variety of cryptocurrency assets as well as perpetual futures contracts covering significant cryptocurrency assets are now available to Coinbase users in India. In terms of developer skill, trading activity, and the wider use of blockchain technology, India has long been one of the most significant cryptocurrency markets. We're making Coinbase completely available to Indian retail traders with the introduction of direct INR rails," stated John O'Loghlen, Coinbase's head of APAC.After a two-year break, Coinbase plans to return to the Indian bitcoin industry. As regulatory pressure on the unregulated asset class increased, the exchange left India in 2023. It was able to return to one of the most popular cryptocurrency markets in terms of acceptance after obtaining the necessary licensing from the Financial Intelligence Unit in March of last year. According to the corporation, it has established local INR order books that offer specific liquidity for Indian clients. By providing tools for advanced functionality, such as institutional-level APIs, WebSocket order book streaming, direct Trading View integration, and a variety of order types, it is aimed not only at regular investors but also at institutional traders.Instead, Coinbase has been building its presence by investing in top local exchanges since stopping trading business in the nation. In addition to increasing its investment in India's CoinDCX in October of last year, Coinbase is seeking to purchase a minority share in the exchange. It's important to note that Coinbase, which is listed on the Nasdaq, is one of the biggest cryptocurrency exchanges in the world.
Deepinder Goyal Blinkit Owns 50 percent of the Indian Quick Commerce Market
According to Deepinder Goyal, the former CEO of Eternal, Blinkit holds a nearly 50% market share in India's rapid commerce sector. Goyal stated that he is still optimistic about the company's standing in the face of industry competition, notably from Amazon. With competitors like Blinkit, Zepto, and Swiggy Instamart as well as recent arrivals like Flipkart Minutes and Amazon Now, the statement is made in the midst of growing rivalry in India's rapid commerce market.Deepinder Goyal, the founder of Eternal, has stated that Blinkit is not in a "burn-to-earn mode," claiming that the fast commerce platform is still profitable despite growing industry rivalry. Goyal stated in a Financial Times interview that Blinkit, which Eternal paid $560 million to purchase in 2022, currently controls almost half of the rapid commerce market while continuing to be profitable. Goyal told the Financial Times, "I really believe that the quick commerce sector is different from Blinkit." "At 50% of the market, we are profitable. "He added that rivals were making significant investments to spur expansion, saying, "The rest of the industry is in a burn-to-earn mode." "We don't cut our shipping price to nothing or engage in discounts. Thus, we are genuinely profitable. The comments are made in light of Eternal's rapid commerce business's robust expansion in FY26. Blinkit revenue increased 674.2 percent year over year to Rs 13,232 crore, according to Eternal's January–March quarter results, making it the company's biggest growth driver. In Q4 FY26, Eternal, the parent company of Zomato, Blinkit, District, and Hyperpure, reported a 346.15 percent increase in consolidated profit after tax to Rs 174 crore, while operating revenue increased 196.4 percent year over year to Rs 17,292 crore.
Anurag Sharma CFO of Pocket FM Resigns
In 2021, Sharma became the vice president of finance at the audio entertainment platform. In 2023, he was promoted to CFO. According to a Pocket FM representative, he left his job to pursue entrepreneurial options. He had executive roles at businesses including BK Birla Group, Busana Apparel Group, Ninjacart, and others before joining Pocket FM.Following a nearly five-year tenure, Anurag Sharma, Pocket FM's chief financial officer, is departing the company, signaling a significant leadership shift at the audio entertainment platform. "Anurag Sharma has made the decision to leave Pocket FM."Anurag Sharma has made the decision to leave Pocket FM. Over the years, he has made significant contributions and played a significant role in the company's development. We appreciate his leadership and collaboration while he was here, and we wish him all the best as he pursues future business possibilities," a company representative stated. In 2021, Sharma became vice president of finance at Pocket FM, where he contributed to the company's fundraising initiatives, operational effectiveness, and strategic alliances. In April 2023, he was promoted to CFO of the corporation. This development was initially reported by Entrackr. Sharma oversaw the finance department at Ninjacart, a business-to-business agritech firm, prior to joining Pocket FM. Additionally, he has worked for Ernst and Young, PricewaterhouseCoopers, and the BK Birla Group of Companies.
Awfis Q4 Revenue Up 23%, Profit Doubles YoY at ₹23 Cr
In Q4 of FY26, Awfis recorded a net profit of ₹23.2 Cr, increasing 107% from ₹11.2 Cr in the same quarter last year. Operating revenue reached ₹410.1 Cr, up 21% YoY and 7% QoQ. The entire amount spent by Awfis during the quarter was ₹405.6 Cr, a 17% increase from ₹347.5 Cr during the same period in FY25.With net premium income of ₹1,64,691.21 crore (₹1,47,585.56 crore), the total income increased by more than 14% to ₹2,76,827.17 crore (₹2,41.625.02 crore), resulting in the larger profit. Investment income was ₹1,09,022.04 crore (₹93,132.67 crore).Net profit rose 19.25% to ₹57,419 crore (₹48,151 crore) for the fiscal year that concluded in March (FY26). The total revenue increased to ₹8,84,148.22 crore, or ₹9,73,288.26 crore. At ₹5,35,984 crore (₹4,88,148 crore), the total premium income was about 10% more. According to CEO and MD R. Doraiswamy, 2025–2026 has been a fulfilling year due to record performance indicators and excellent overall growth across all company verticals. LIC's VNB margin is higher than 21% for the year, and it attained a nonpar share on APE basis in the individual business of more than 35%. Assets under management (AUM) increased 5.08% to ₹57,29,396 crore, while VNB increased 41.63% to ₹14,179 crore.
