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Rentomojo targets IPO by FY27 as revenues, profits grow

Bengaluru, June 30 -- Rentomojo, a Bengaluru-based furniture and appliance rental startup, is preparing for a public listing in the next 18 to 24 months, making it the first company in its sector to a... Read More


Swiggy delivers for Prosus with 23% IRR, venture portfolio a mixed bag

Bengaluru, June 23 -- Dutch investment group Prosus' internal rate of return for Indian portfolio companies Swiggy and PayU India stood at 23% and 13%, respectively, in 2024-25. Prosus' venture inves... Read More


Nurix AI expects to hit $10 million in projected annual revenue by the first half of next year

Bengaluru, June 23 -- Agentic artificial intelligence startup Nurix AI expects to hit $10 million in annual recurring revenue (ARR) by the first half of next year, according to founder and chief execu... Read More


Japan's BeyondNext plans $50 million India fund to back deeptech, AI, semiconductor startups

New Delhi, June 20 -- Japanese venture capital firm BeyondNext Ventures, which focuses on deeptech and deep science startups, plans to raise a $50 million fund to back more Indian ventures, a top comp... Read More


Israeli startup Coralogix to invest bulk of $115 million fundraise in India

New Delhi, June 17 -- Israeli data analytics startup Coralogix will be deploying most of its fresh fundraise of $115 million in India as it looks to deepen its presence in the country, according to th... Read More


IFC invests $60 million in Motilal Oswal Alternates's $750 million fifth fund

New Delhi, June 16 -- The International Finance Corporation has invested $60 million in Motilal Oswal Alternates's fifth fund in a deal that will allow it to co-invest in the Indian private equity fir... Read More


IPO-bound Groww sees 3x jump in profit in FY25

New Delhi, June 12 -- Stock-broking app Groww has seen its profit jump more than threefold in FY25 to Rs.1,819 crore, people familiar with the matter said, as the investment platform prepares to launc... Read More


Edtechs Simplilearn, UpGrad and Emeritus bank on B2B revenue as AI and GCC demand rises

New Delhi, June 7 -- As the edtech sector grapples with waning interest in its core, consumer-focused online learning courses post-pandemic, major edtech and upskilling companies like Simplilearn, upG... Read More


Bessemer Venture Partners appoints new partner to focus on AI, enterprise tech

New Delhi, June 4 -- Bessemer Venture Partners (BVP) has appointed Pankaj Mitra as a partner who will focus on the global venture capital firm's investments in artificial intelligence (AI), enterprise... Read More


Whatfix expects AI products to contribute 20% of revenue by end of 2026 as it gears up for IPO

New Delhi, May 28 -- Whatfix, a business-to-business (B2B) software-as-a-service (SaaS) startup, expects its artificial intelligence (AI) products' contribution to revenue to grow at least 13 times fr... Read More