Author: Ashish Bisht

Shares of foodtech giant Eternal surged as much as 14.8% on Tuesday, hitting a fresh 52-week high of INR 311.60, buoyed by investor optimism following Zomato’s robust revenue growth in Q1 FY26. Eternal, which owns Zomato, saw its stock rally sharply in early trade, mirroring the positive sentiment around the quick-commerce and food delivery space. By 11:11 AM, the stock had pared some gains but was still trading 8.6% higher at INR 294.55. At this level, Eternal’s market capitalisation stood at an impressive INR 2,85,602.13 crore, supported by a strong trading volume of 14.8 crore shares. The session’s upper circuit…

AceVector Limited, the parent company of Indian e-commerce platform Snapdeal, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) worth ₹500 crore. This marks a significant step for the company as it aims to make its stock market debut amid a renewed wave of interest in tech IPOs. Read Also :- OmSpace Rocket and Exploration Secures $3 Mn in Pre-Seed Funding to Advance Modular Launch Vehicle ‘Infinity One’ IPO Details and Objectives According to the Draft Red Herring Prospectus (DRHP) submitted to SEBI, AceVector plans to raise ₹500 crore through…

Ahmedabad-based spacetech startup OmSpace Rocket and Exploration has successfully raised $3 million (approx. INR 26 crore) in a pre-seed funding round. The round saw participation from a group of undisclosed family offices and angel investors, marking a strong vote of confidence in India’s rapidly growing private space sector. Founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, OmSpace aims to revolutionize access to space with its flagship modular launch vehicle, Infinity One. With the newly secured capital, the company plans to accelerate the development of this innovative launch platform, purpose-built for low Earth orbit (LEO) satellite…

Jio Financial Services has reported a robust financial performance for the first quarter of FY26, showcasing significant revenue growth and steady profitability. The company posted a consolidated net profit of INR 324.7 crore, marking a 4% increase year-on-year from INR 312.6 crore in Q1 FY25. On a quarter-on-quarter (QoQ) basis, net profit grew 3% from INR 316.1 crore in Q4 FY25, reflecting resilience and operational efficiency in a dynamic financial environment. Revenue Soars 48% YoY, 24% QoQ The highlight of the quarter was the sharp increase in revenue, which surged 48% year-on-year to INR 612.5 crore, compared to INR 417.8…

Online travel aggregator ixigo is deepening its presence in the train food delivery segment by increasing its stake in Zoop Web Services, a platform known for delivering meals on trains. In a recent exchange filing, ixigo announced that it will acquire an additional 11% stake in Zoop through a secondary share purchase worth INR 3.25 crore. This strategic acquisition will involve purchasing 1,717 shares from Zoop’s founders, Puneet Sharma and Manoj Kumar Singh. The transaction is expected to be completed by September 30, 2025. Read Also :- Fractal Analytics Secures $170 Mn Ahead of IPO, Valuation Jumps to $2.44 Bn…

In a major development ahead of its much-anticipated initial public offering (IPO), Fractal Analytics has successfully raised $170 million through a secondary share sale. This transaction, which involved the offloading of a 6% stake by early investor Apax Partners, has propelled the company’s valuation to $2.44 billion — a sharp jump from its previous $1.55 billion valuation recorded during its last funding round in 2023, led by TPG Capital. The latest deal saw participation from a wide consortium of 22 institutional investors, signaling robust investor confidence in Fractal’s business fundamentals and future growth prospects. Among the leading participants in this…

IPO-bound stock broking giant Groww is stepping up its game in the Indian trading ecosystem with the upcoming launch of ‘915’, a brand-new, standalone web-based platform aimed squarely at professional and high-volume traders. Designed to offer a superior trading experience, 915 is being developed entirely in-house and promises a range of advanced features not available on the existing Groww app. What is Groww 915? Groww’s 915 is not just an extension of the current app—it’s a whole new platform tailored to meet the needs of serious traders who demand more control, precision, and speed. According to sources close to the…

Fractal Analytics, a leading SaaS-based AI and advanced analytics company, is making headlines as it prepares for its much-anticipated initial public offering (IPO). In a significant development, cofounder and CEO Srikanth Velamakanni has invested INR 48.7 Cr (approximately $5.6 million) in the company. This strategic move underscores Velamakanni’s continued confidence in the company he co-founded over two decades ago. According to Fractal’s recent regulatory filings, this investment stems from the conversion of partly paid-up equity shares into fully paid-up equity shares. The company’s board approved the conversion of 6.6 lakh partly paid-up equity shares held by Velamakanni into fully paid-up…

Astrotalk Eyes Unicorn Status with $50 Mn Series B Funding at $1.5 Bn Valuation Astrotalk, the Delhi NCR-based online astrology platform, is reportedly in advanced talks to raise $50 million in its Series B funding round, which could propel the startup into the unicorn club with a valuation between $1.3 billion to $1.5 billion. According to sources cited by Inc42, Astrotalk is engaging with several top-tier venture capital and private equity investors, while also expecting participation from all its existing investors. If successful, this round would mark a 4X to 5X surge from its previous valuation of approximately $300 million,…

In a significant crackdown on the growing menace of online betting and gambling, the Enforcement Directorate (ED) has reportedly filed an Enforcement Case Information Report (ECIR) against 29 individuals, including prominent actors such as Rana Daggubati, Prakash Raj, Vijay Deverakonda, and several social media influencers and television personalities. The ECIR, which operates under the provisions of the Prevention of Money Laundering Act (PMLA), marks the initiation of a formal investigation into alleged money laundering activities connected to illegal betting platforms. According to The Hindu, the ED’s action stems from at least five FIRs lodged across various cities in Andhra Pradesh…