Author: Ashish Bisht

Groww, one of India’s fastest-growing online stockbroking platforms, has infused INR 104.5 Cr into its wholly owned wealthtech subsidiary Fisdom through a rights issue. The capital injection marks another major step in Groww’s strategy to strengthen its wealth management offerings after completing the acquisition of Fisdom earlier this year. According to Groww’s recent exchange filing, the infusion is part of the obligations outlined in the share purchase agreement signed with Fisdom’s parent company, Finwizard Technology Pvt Ltd, back in May. The investment is expected to support Fisdom’s payout commitments and working capital requirements, ensuring smooth operations and enabling the platform…

Indian e-commerce startup CityMall has secured $47 million in Series D funding, marking a significant milestone in its mission to redefine grocery and essentials delivery across India’s tier 2 and tier 3 towns. The round was led by Accel, with continued participation from long-time backers including WaterBridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures. This latest funding comes three years after CityMall’s $75 million Series C round led by Norwest Venture Partners. Interestingly, the company’s valuation has remained steady at $320 million, indicating investor confidence despite a flat valuation period. According to sources cited by…

In a major secondary market development, global investment firm Tiger Global has fully exited its stake in Ather Energy, the Bengaluru-based electric vehicle (EV) manufacturer. The early backer sold its entire 5.09% stake in the company through block deals worth INR 1,204 crore, marking a significant return on its nearly decade-long investment. According to bulk deal data, Tiger Global sold 1.01 crore shares of Ather Energy at INR 623.56 per share on the National Stock Exchange (NSE) and offloaded another 92.35 lakh shares on the Bombay Stock Exchange (BSE) at INR 620.45 per share. Combined, these two block deals amounted…

India’s stock markets are witnessing an unprecedented wave of public listings in 2025. After a record-breaking October, where 14 IPOs collectively raised over ₹46,000 crore, the momentum is showing no signs of slowing down. November is expected to be another blockbuster month, with companies across sectors aiming to mobilize more than ₹75,000 crore through public offerings. Among the lineup of new entrants, new-age tech startups are once again taking center stage, signaling strong investor appetite for innovation-driven businesses. Following the success of Urban Company’s listing and Lenskart’s highly subscribed IPO last week, all eyes are now on Groww, the Bengaluru-based…

Indian logistics major BlackBuck has continued its profitable streak in the second quarter of FY26, reporting a net profit of INR 29.2 crore, marking a significant turnaround from the loss of INR 308.4 crore recorded in the same quarter last year. Although profit declined 13% sequentially from INR 63.1 crore in Q1 FY26, the company’s consistent profitability and revenue growth underscore its strong operational performance and improving cost efficiencies. Strong Recovery from Losses In Q2 FY25, BlackBuck had reported a heavy loss primarily due to a share-based payment expense of INR 320.7 crore. Excluding this one-time, non-cash expense, the company’s…

India’s leading omni-channel jewellery brand BlueStone Jewellery and Lifestyle Limited (“BlueStone”) reported a marked improvement in its consolidated Q2 FY26 results, reflecting both robust growth in operations and early signs of margin recovery. 📊 Key Financial Highlights Read Also :- Zupee Acquires AI Storytelling Startup Nucanon to Power Next-Gen Interactive Gaming Experiences 🔍 What’s Behind the Growth? BlueStone’s strong top-line performance is likely driven by a combination of factors: ✅ Margin and Cash Flow Progress While the company is not yet profitable on a net-loss basis, there are encouraging signs: ⚠️ Points to Consider 🧭 Outlook For FY26 and beyond,…

In a strategic move to diversify its offerings beyond traditional real money gaming (RMG), Indian gaming startup Zupee has announced the acquisition of AI storytelling company Nucanon. The Sydney-based startup specializes in artificial intelligence–driven narrative experiences that evolve dynamically based on user choices. While the financial details of the deal remain undisclosed, the acquisition signals Zupee’s continued push into AI-powered entertainment and interactive storytelling, especially following India’s recent ban on real money gaming. This move underscores the company’s intent to redefine how players experience games — blending storytelling, emotion, and user agency. Read Also :- Shadowfax Technologies: Riding the Logistics…

The India-based logistics services firm Shadowfax Technologies Limited, founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, is gearing up for a public listing — and the numbers from the first half of FY26 demonstrate why. Stellar First Half (H1 FY26) Performance In the six months ended September 30, 2025 (H1 FY26), Shadowfax achieved an operating revenue of ₹1,805.4 crore, marking a growth of 68.4% from ₹1,072 crore in H1 FY25. Meanwhile, net profit surged nearly 114% to ₹21 crore from ₹9.8 crore during the same period last year. Outlook Business+3Moneycontrol+3Business Today+3These numbers suggest improved scale, stronger margins and faster…

Healthtech startup Pluro Fertility has successfully raised INR 125 crore (approximately $15 million) in its Series A funding round, led by Bessemer Venture Partners, at a valuation of INR 1,000 crore (around $112 million). The round also saw participation from several prominent angel investors, including MediAssist’s Vikram Chatwal, PharmEasy’s Dharmil Sheth, All Home’s Hardik Dedhia, Salil Musale of Astarc Ventures, Motilal Oswal’s Shalibhadra Shah and Niket Shah, and K Hospitality’s Karan Kapur. Founded in 2025 by Jaydeep Tank, Parikshit Tank, and Bhaskar Shah, Pluro Fertility is on a mission to transform the fertility and reproductive healthcare landscape in India. The…

India’s leading food delivery giant, Swiggy, continued to face financial turbulence in the second quarter of FY26. Despite reporting impressive revenue growth, the company’s losses widened sharply, signaling that profitability remains a challenge for the foodtech major amid intense competition and rising operational costs. Losses Mount Despite Sequential Improvement According to the latest financial data, Swiggy’s net loss surged 74.4% year-on-year (YoY) to INR 1,092 crore in Q2 FY26, compared to INR 626 crore in the same period last year (Q2 FY25). However, there was a slight improvement on a sequential basis, as the company managed to reduce its losses…