The Authoritative Voice On The Indian Startup Ecosystem

Delhi, India
Joined June 2012
Aequs Q2 Loss Widens 2.5X To ₹52.4 Cr As Revenue Jumps 45.3%. 👇 Contract manufacturing company Aequs reported a consolidated net loss of ₹52.4 Cr in Q2 FY27, up 154.4% YoY. Operating revenue rose 45.3% to ₹409.1 Cr from ₹281.6 Cr. The company’s aerospace business remained its biggest revenue contributor, growing 44.2% to ₹351.4 Cr. Consumer business revenue also increased 52% to ₹57.7 Cr. However, expenses excluding finance costs, depreciation and amortisation rose 56.2% to ₹395.2 Cr, outpacing revenue growth. 🔗 Read more about Aequs’ Q2 FY27 financial performance here: 4-2.co/4z1yh5L #Aequs #Manufacturing #Aerospace #FinancialResults #News
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Pune Police Ask Google, Apple To Remove Rapido App Over Alleged Illegal Bike Taxi Operations. 👇 Pune Police have written to Google and Apple seeking the removal of Rapido’s app from their app stores over alleged unauthorised bike taxi operations in the city. The move follows an FIR against Rapido’s parent company, Roppen Transportation Services, for allegedly operating without the required licence and regulatory approvals. Authorities have directed Rapido to suspend bike taxi services across Pune district until it secures an e-bike taxi aggregator licence. Its application reportedly remains pending with the transport department. 🔗 Read the full story on the action against Rapido in Pune here: 4-2.co/4syNPvZ #Rapido #BikeTaxis #Pune #Mobility #News
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FAST42 2027: The Search For India’s 42 Fastest-Growing D2C Brands Is On! 👇 India’s D2C market is growing rapidly, but which brands are turning that opportunity into measurable revenue growth? Inc42’s FAST42 2027 is back for its sixth edition, inviting emerging consumer brands to apply for a spot among India’s 42 fastest-growing D2C businesses, ranked by verified revenue CAGR between FY24 and FY26. Previous editions have featured brands such as Pilgrim, Snitch, The Sleep Company and Perfora. The selected brands will gain industry recognition, visibility across Inc42’s platforms and a place in the FAST42 coffee table book. 📅 Applications close on December 10, 2026. The rankings will be unveiled at the FAST42 Conclave in Delhi NCR in February 2027. 🔗 Apply here: inc42.com/fast42-edition-202… For more information, visit: 4-2.co/48dEAb9 Presenting Partner: @shadowfax_in Co-Presenting Partner: PhonePe Payment Gateway #Inc42 #FAST42 #D2C #ConsumerBrands #StartupEcosystem
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MakeMyTrip Swings To $1.8 Mn Profit In Q2 FY27 As Revenue Grows 2.5%. 👇 Nasdaq-listed travel major MakeMyTrip reported a net profit of $1.8 Mn in Q2 FY27, reversing a $5.7 Mn loss in the year-ago quarter. Revenue grew 2.5% YoY to $235.2 Mn, or 11.2% on a constant currency basis. Gross bookings rose 11.3% to $2.72 Bn, while hotels and packages revenue dipped 1% to $107.1 Mn. Bus ticketing revenue climbed 16.6% to $39.1 Mn, supported by a 24.7% increase in bus tickets sold. MakeMyTrip said a weaker rupee and higher airfares weighed on international outbound travel, while strong domestic demand provided some support. 🔗 Read more about MakeMyTrip’s Q2 FY27 performance here: 4-2.co/4slyP4p #MakeMyTrip #TravelTech #Earnings #FinancialResults #News
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Exclusive: Imarticus Learning Eyes ₹1,000 Cr IPO, Confidential Filing In 2–3 Months. 👇 Edtech startup Imarticus Learning, founded by Nikhil Barshikar and Sonya Hooja, plans to confidentially file its DRHP with SEBI in the next two to three months. Its IPO target has increased from ₹750 Cr to ₹1,000 Cr, sources told Inc42. The proceeds will fund acquisitions, new Centres of Excellence, expanded finance and business school offerings, and enterprise training. The IPO plans follow Imarticus’ ₹800 Cr acquisition of Singapore’s BELLS Institute of Higher Learning to expand its presence in Southeast Asia. 🔗 Read the full story on Imarticus Learning’s IPO plans here: 4-2.co/4sqbyhX #ImarticusLearning #Edtech #IPO #Education #News
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Myntra Swings To ₹582 Cr Loss In FY26 As Revenue Falls 13.5%. 👇 Fashion ecommerce platform Myntra reported a net loss of ₹581.8 Cr in FY26, reversing a profit of ₹546.3 Cr in FY25. Its operating revenue declined 13.5% YoY to ₹5,242.5 Cr. Advertisement and promotion expenses rose 10.5% to ₹2,326.5 Cr, making up 40.4% of total expenses. Meanwhile, logistics and shipping revenue fell 53.2% to ₹1,119.2 Cr. Myntra’s total expenses remained nearly flat at ₹5,757.7 Cr, while its EBITDA loss narrowed to ₹435 Cr from ₹535.9 Cr in FY25. 🔗 Read more about Myntra’s FY26 financial performance here: 4-2.co/4kmz3Gq #Myntra #Flipkart #Ecommerce #FinancialResults #News
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Veefin H1 FY27 Profit Jumps 127% To ₹24.9 Cr, Revenue More Than Doubles. 👇 BSE SME-listed fintech SaaS company Veefin Solutions reported a 127% YoY jump in consolidated net profit to ₹24.9 Cr in H1 FY27, compared with ₹11 Cr in the year-ago period. Operating revenue more than doubled to ₹238.8 Cr from ₹110.4 Cr, while total income rose to ₹240.6 Cr. Total expenses also increased 109% YoY to ₹205.3 Cr. In Q2 FY27, Veefin’s net profit grew 61% QoQ to ₹15.3 Cr, while operating revenue rose 9% to ₹124.7 Cr. 🔗 Read more about Veefin’s H1 FY27 financial performance here: 4-2.co/4jHezIq #Veefin #Fintech #SaaS #FinancialResults #News
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“We pitched 88 people, and 22 said yes.” . @Akshay001, Founder & CEO of @leverageedu , reflects on raising ₹2 Cr and the subtle biases founders face when they don’t fit the conventional mould of an IIT graduate or a top consulting professional. In a conversation with @vardhanvaibhav Cofounder & CEO of Inc42, Akshay shares how being compared to founders with elite academic and corporate backgrounds has been a recurring challenge throughout his entrepreneurial journey. #Inc42 #Reels #fyp #Entrepreneurship #Startups
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Ather Energy Turns Profitable In Q2 FY27, Posts ₹1.3 Cr Net Profit. 👇 EV maker Ather Energy reported a consolidated net profit of ₹1.3 Cr in Q2 FY27, reversing a net loss of ₹154.1 Cr in the year-ago quarter and ₹51.1 Cr in Q1 FY27. Operating revenue surged 62.9% YoY to ₹1,464.2 Cr, while total expenses rose 39.4% to ₹1,526 Cr. However, other income of ₹62.7 Cr played a key role in helping the company turn profitable. Alongside its earnings, Ather announced plans to add 2.25 Lakh units of annual manufacturing capacity across its Hosur factory and upcoming Factory 3.0 in Chhatrapati Sambhajinagar. 🔗 Read more about Ather Energy’s Q2 performance and expansion plans here: 4-2.co/4AeWM0j #AtherEnergy #ElectricVehicles #EV #FinancialResults #News
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L Catterton Backs InMobi-Backed Glance To Scale AI-Powered Shopping In The US. 👇 Consumer-focused investment firm L Catterton has made a strategic investment in Glance to support its expansion, particularly in the US. The investment amount and other terms remain undisclosed. Glance uses agentic AI to understand consumer preferences and recommend products across smartphones, connected TVs and other digital platforms, aiming to take users from product discovery to purchase. The investment comes as Glance pushes to transform its content-led platform into an AI-powered shopping experience. 🔗 Read more about Glance’s US expansion and AI shopping ambitions here: bit.ly/48jFYZK #Glance #LCatterton #AgenticAI #Ecommerce #News #AIEconomy #Inc42
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Why Tier 2 And Tier 3 Cities Are No Longer Behind In Payment Access. 👇 Kamal Lochan Das, Business Head at PhonePe Payment Gateway, challenges the notion that Tier 1 cities have better access to digital payments than Tier 2 and Tier 3 markets. As consumers move from cash to UPI and cards, innovations such as RuPay credit cards on UPI rails are helping bridge the gap. Meanwhile, brands rooted in smaller cities are building ecosystems that make digital payments increasingly accessible. Are Tier 2 and Tier 3 markets catching up with metros in digital payments? Tell us in the comments! #PhonePe #DigitalPayments #UPI #Fintech #Reels #Inc42 #fyp
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. @unacademy Cofounders Plan ₹700 Cr AI, Deeptech Fund Longshot Capital. 👇 Unacademy cofounders Gaurav Munjal and Roman Saini are reportedly raising ₹700 Cr for Longshot Capital, a venture fund focused on AI and deeptech startups, less than two months after upGrad acquired Unacademy. The Category II AIF has secured commitments of around ₹250–300 Cr and is targeting its first close in January 2027. It plans to back 25–28 seed and pre-Series A startups, with initial cheques of $500,000–$1.5 Mn. Longshot Capital will focus on AI-led businesses and deeptech sectors such as manufacturing, space, defence and robotics. Saini will manage the fund full-time, while Munjal will serve as a general partner alongside his role at Unacademy. 🔗 Read more about Longshot Capital’s plans to back India-linked AI and deeptech startups here: 4-2.co/4i5yi3c #Unacademy #LongshotCapital #AIEconomy #Deeptech #News #Inc42
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Building a startup can make you a crorepati. But how much do the founders actually pay themselves? 💸 From Peyush Bansal’s ₹5.7 Cr salary to the founders taking home over ₹3 Cr a year, here’s a look at what India’s startup leaders earned in FY26 Were you expecting these numbers? @Swiggy | @shadowfax_in #Inc42 #foundersalaries #paycheques #Lenskart #Mamaearth #trending
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1.25 Bn+ data signals a day. 42.72 Mn outcomes in FY26. Mobavenue is building its Neural Engine to connect signals, predict intent and learn from campaign outcomes, moving beyond traditional ad optimisation. Founder and CTO Tejas Rathod shares how AI is reshaping digital advertising. Read more: 4-2.co/3TOdIev #AIEconomy #AdTech #DigitalMarketing #Inc42 #Mobavenue
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🍜 No meat. No alcohol. No discounts. Yet, Burma Burma Restaurant & Tea Room has built a ₹155 Cr business with an IPO on the horizon. Founded by Ankit Gupta and Chirag Chhajer around Burmese recipes inspired by Ankit’s mother, the restaurant chain chose to stand out rather than compete on price. By owning the niche of Burmese vegetarian cuisine, it has expanded to 22 restaurants across 9 cities, with an average order value of around ₹2,400. Can Burma Burma turn its niche appeal and premium positioning into an IPO success story? Tell us in the comments! #Reels #Inc42 #fyp #News #BurmaBurma #RestaurantBusiness #RestaurantIndustry
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“In the meantime, it’s not like that gold has done anything for you.” For generations, gold has been tucked away in bank lockers, brought out only for weddings or special occasions. At The D2C & Retail Summit 2026, Rhea Chaterji, Cofounder & COO of @SafeGold_India, shared how people can put their idle gold to work, whether by selling it for cash, redeeming it for jewellery or leasing it to earn more gold over time. The idea? Your gold doesn’t have to sit idle for generations 👀 { The D2C & Retail Summit, Inc42, D2C, Gold, SafeGold, fyp, reel}
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Here Are The Top Stories Of The Week 👇🚨 🔹 Eternal Unveils Privacy-Focused AI Platform Dark: Founder Deepinder Goyal unveiled Dark, an AI platform featuring end-to-end encryption and user-controlled encrypted memory, targeting founders, researchers, enterprises and governments. 🔹 Zerodha Launches US Stock Investing On Kite: The brokerage has introduced beta access to 2,000 US stocks and 1,000 ETFs, with fractional investments starting at $1 and brokerage capped at $10 per order. 🔹 Jio Platforms IPO Subscribed 22.19X: Jio’s ₹30,213 Cr IPO closed with 22.19X overall subscription, led by qualified institutional buyers (QIBs), whose portion was subscribed 70.55X. The offering values Jio Platforms at around ₹10.3 Lakh Cr. #Inc42 #Trending #AIEconomy #StartupNews #Newsmakers
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