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Optimo Capital's FY26 PAT Grows 4.8X YoY To Rs.10.5 Cr

India, June 23 -- Prashant Pitti's NBFC Optimo Capital claims that its net profit for the fiscal year FY26 jumped by 4.8X to Rs.10.5 Cr from Rs.2.2 Cr reported in the previous fiscal year. During the... Read More


Rs.10,000 Cr AUM, MobiKwik Xtra & Per Annum: Lendbox's Risky Regulatory Dance

India, June 23 -- Nearly two years after the Reserve Bank of India (RBI) tightened regulations governing India's peer-to-peer (P2P) lending industry, fresh questions are emerging around the sales prac... Read More


Cyber Risk And Insurance Startup Mitigata Raises $15 Mn

India, June 23 -- Cyber risk and insurance startup Mitigata has raised $15 Mn (about Rs.141 Cr) in its Series B funding round led by Bessemer Venture Partners. Existing investors Nexus Venture Partner... Read More


From Meta To Intel: A Detailed Look At Jio Platforms' Cap Table

India, June 23 -- In what could be perhaps one of the biggest IPOs to hit the Indian equities market, Reliance Industries' (RIL) telecom arm Jio Platforms filed its DRHP for a fresh issue only IPO. As... Read More


How Smartworks Turned Managed Workspaces Into An Enterprise Play

India, June 23 -- India's flex workspace market is witnessing one of its strongest growth phases, with the total market capacity projected to expand to 140-145 Mn sq ft by FY28. As enterprises expand... Read More


Ola Electric Secures BIS Certification For Its In-House Developed LFP Cell

India, June 23 -- Ola Electric said its subsidiary Ola Cell Technologies has received a certification from the Bureau of Indian Standards (BIS) for its indigenously developed LFP 46100 cylindrical cel... Read More


After Files Surface On Dark Web, Tata Electronics Confirms Data Breach

India, June 23 -- Electronics manufacturer Tata Electronics has confirmed that it was hit by a cybersecurity incident a few weeks ago. However, the chipmaker claimed that the incident had no impact on... Read More


Binance Tightens Reporting Rules For P2P Crypto Transactions In India

India, June 23 -- Cryptocurrency exchange Binance has implemented new compliance procedures requiring users in India to submit detailed sender and beneficiary information for all crypto deposits and w... Read More


Proptech Startup Square Yards Raises Rs.900 Cr At Unicorn Valuation

India, June 23 -- Months after raising $35 Mn in November last year, proptech startup Square Yards has raised Rs.900 Cr (around $95 Mn) in a fresh funding round led by EAAA Alternatives, with particip... Read More


Turtlemint IPO Continues To See Tepid Response, Subscribed 57% So Far

India, June 23 -- The IPO of insurtech company Turtlemint continued to witness a lukewarm response on the final day of bidding, with the issue subscribed 57% as of 12:22 IST. According to NSE data, i... Read More