STARTUP NEWS
Yulu Raises $93M in Series C Funding
EV mobility service startup Yulu has secured $93 million in funding to expand its fleet and services
13 days ago|STARTUP NEWS
Veefin Secures Board Approval to Raise ₹35 Crore Through Debt to Support Growth Plans
Fintech company Veefin has received board approval to raise up to ₹35 crore through debt financing. The planned fundraising is expected to strengthen the company's financial position and provide additional capital for business expansion, technology investments, and strategic initiatives as it continues to grow in the digital lending and financial technology sector.
32 days ago|STARTUP NEWS
Quick Commerce Discount Wars May Be Nearing Their End, Says Eternal CEO as Blinkit Focuses on Sustainable Growth
Eternal CEO Albinder Dhindsa believes India's intense quick commerce discounting battle is approaching its final phase, arguing that the current level of aggressive subsidies is difficult to sustain over the long term. Instead of relying on deep discounts, the company says Blinkit will continue investing in operational efficiency, infrastructure and customer experience to drive profitable growth. The comments came alongside Eternal's latest quarterly earnings update.
34 days ago|STARTUP NEWS
Bira 91 Founder Ankur Jain Steps Down, Promoter Family Gives Up 17.8% Stake Under Settlement
Bira 91 founder Ankur Jain has resigned from the board and all executive positions at parent company B9 Beverages following a settlement with lenders and institutional shareholders. As part of the agreement, Jain and his promoter family will surrender their combined 17.8% stake, withdraw from management and relinquish control of the company. The arrangement is intended to clear the way for restructuring, fresh investment and a possible revival of the financially stressed beer maker.
34 days ago|STARTUP NEWS
InCred Finance Reports 17% Rise in FY26 Profit to ₹438 Crore as Revenue Surges 36% Ahead of IPO.
InCred Financial Services delivered strong financial growth in FY26, reporting a 17% year-on-year increase in consolidated net profit to ₹438 crore while total income climbed 36% to ₹2,567 crore. The lender continued expanding its loan portfolio and assets under management, although higher credit costs slightly moderated profitability. The results come as the company prepares for its anticipated public market debut.
34 days ago|STARTUP NEWS