BGMI maker Krafton shifts focus to AI, invests $900 million
BGMI operator Krafton plans to invest in five venture capital funds and about half a dozen startups in India by the end of 2026, setting aside $50-60 million each year. The Korean…
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Used-car startups Cars24, Spinny, Droom chase profits, diversify
India's used-car startups, including Cars24, Spinny and Droom, are entering new segments and forging partnerships to pursue stable revenue and profit growth a decade after emerging, as profitability remains elusive. SoftBank-backed Cars24…
Wealth managers quit legacy firms to start own ventures
India's ultra-high net worth individuals (net worth above Rs 25 crore) reached 13,600 in 2024, and wealth management assets under management are projected to nearly double to $2.3 trillion by FY29, reports…
India’s deep-tech cycle: semiconductors and spacetech boom
India has approved 12 semiconductor projects worth over Rs 1.64 lakh crore, with a second phase of its semiconductor programme allocated Rs 1.27 lakh crore. Space-tech startups have raised $871 million across…
Sachin Bansal’s Navi plans Rs 3,000 crore IPO by December
Navi, Sachin Bansal's fintech firm, is reportedly planning to file for a Rs 3,000 crore IPO by December this year, according to a Bloomberg report cited by Business Today and Inc42. The…
Startups adopt fractional CMO model for flexible marketing leadership
Indian startups Traya, Saraf Furniture, PickYourTrail and Phitku are among those hiring fractional chief marketing officers (CMOs) instead of full-time leaders, reports Brand Equity. The model brings in senior marketing expertise for…
DevX Profit Jumps 10X, IndiQube Loss Shrinks 35% In Q1
DevX's net profit jumped tenfold year-on-year to Rs 1.5 Crore in Q1 FY27, but operating revenue slipped 3.2% to Rs 53.8 Crore, Inc42 reports. IndiQube trimmed its net loss by 35% YoY…
Yulu raises $93 mn to quadruple EV fleet, launch express
Yulu raised $93 million (Rs 887 crore) in a Series C round led by GEF Capital, with $63 million in equity and $30 million in debt. The Bengaluru startup plans to double…
Accel raises $550 million ninth India fund
Venture capital firm Accel has raised $550 million for its ninth India-focused early-stage fund, part of a $3.5 billion global fundraise across four vehicles. The new fund comes roughly 18 months after…
NABARD announces winners of climate innovation challenge
The National Bank for Agriculture and Rural Development (NABARD), backed by the Gates Foundation and Dalberg Advisors, has named the winners of the National Climate Stack Innovation Challenge to advance Data in…
