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QpiAI Bags $32 Mn To Integrate AI, Quantum Computing Into Enterprise Solutions

India, July 16 -- Deeptech startup QpiAI has raised $32 Mn (around INR 279 Cr) in its Series A funding round co-led by Avataar Ventures and National Quantum Mission. The round also saw participation ... Read More


Blinkit Inventory Model: A Cure For The Cash Burn Problem?

India, July 16 -- When Eternal's quick commerce arm Blinkit hinted at moving to an inventory led model, the first reaction was this would increase its up front costs and put a lot of pressure on drivi... Read More


Can Kusha Kapila's Brand Underneat Become India's Answer To SKIMS?

India, July 16 -- Dominated for years by names like Jockey, Triumph, and Amante, and more recently by the likes of Reliance-owned Zivame and Clovia, India's innerwear market is one where new-age brand... Read More


ixigo Q1: Profit Jumps 27% YoY To INR 19 Cr

India, July 16 -- Online travel aggregator (OTA) ixigo reported a consolidated net profit of INR 18.9 Cr in the first quarter of FY26, an increase of 27% from INR 14.9 Cr in the year-ago quarter. On a... Read More


Phi Commerce Raises INR 51 Cr From BEENEXT

India, July 16 -- Payment solutions provider Phi Commerce has secured INR 51.34 Cr ($5.9 Mn) as a part of its ongoing Series B funding round from existing investor BEENEXT. As per Phi Commerce's MCA ... Read More


SAT Dismisses Plea Seeking Stay On Smartworks IPO

India, July 16 -- The Securities Appellate Tribunal (SAT) has dismissed an appeal seeking a stay on the IPO of coworking space major Smartworks, whose shares are expected to list on the bourses tomorr... Read More


Healthtech Startup Truemeds Bags $20 Mn From Peak XV

India, July 16 -- Mumbai-based healthtech startup Truemeds has secured INR 174 Cr (around $20 Mn) as a part of its Series C funding round from Peak XV Partners. As per Truemeds' MCA filings assessed ... Read More


Snapdeal Parent AceVector To File DRHP For INR 500 Cr IPO: Report

India, July 16 -- Ecommerce platform Snapdeal's parent AceVector is reportedly preparing to file its draft red herring prospectus (DRHP) for INR 500 Cr IPO. Citing sources, Entrackr reported that Ace... Read More


Karnataka Plans To Unveil Its Own AI Mission: Report

India, July 16 -- The Karnataka government is reportedly planning to launch a dedicated AI Mission in tandem with the Centre-led IndiaAI Mission. An ET report, citing Karnataka's minister of electron... Read More


Sarvam To Open Source Its Models Under IndiaAI Mission

India, July 16 -- Bengaluru-based GenAI startup Sarvam AI will be reportedly open sourcing the models it is training under the IndiaAI Mission. At an open source software meeting at IIT Delhi, IndiaA... Read More