India's Deeptech Dilemma, Weekly Funding Rundown & More

India, Nov. 2 -- Indian VCs And The Deeptech Dilemma Skyroot has proved that homegrown startups can build rockets, but the bigger challenge may lie in funding them. A recent viral critique of Indian ... Read More

Pernia's Pop-Up Shop Narrows Q2 Loss By 13% To Rs.68.3 Cr, Revenue Up 31%

India, Nov. 2 -- Pernia's Pop-Up Shop parent Purple Style Labs narrowed its consolidated net loss for the September quarter by 12.9% YoY to Rs.68.3 Cr from Rs.78.4 Cr loss incurred in the year-ago per... Read More

Two Point O Bags $10 Mn To Bridge The Financing Gap In Clean Energy

India, Nov. 2 -- India's clean energy transition is attracting significant capital, but much of it is flowing into utility-scale projects. Smaller installations across factories, commercial buildings ... Read More

TBO TEK Q2 Profit Rises 12.5% YoY To Rs.76 Cr, Revenue Up 53%

India, Nov. 2 -- Travel distribution platform TBO Tek reported a 12.5% year-on-year (YoY) increase in its consolidated net profit to Rs.76 Cr for the September quarter of FY27 (Q2 FY27) from Rs.67.6 C... Read More

ESDS Q2 Profit Zooms 41% YoY To Rs.31.1 Cr, Revenue Up 48%

India, Nov. 2 -- Enterprise cloud and AI company ESDS Software Solution reported a 40.7% year-on-year (YoY) increase in consolidated net profit to Rs.31.1 Cr in the September quarter of FY27 (Q2 FY27)... Read More

PB Fintech's Shares Hit Fresh Low Of Rs.928.1, Down 48% Since IRDAI's Proposed Insurance Overhaul

India, Nov. 2 -- Shares of insurtech major PB Fintech hit a fresh 52-week low today, plunging about 8% to Rs.926 apiece on the BSE. The stock closed the day's trading session 7.19% lower at Rs.928.10 ... Read More

Pixxel Is Indian-Owned And Controlled, Says Founder Amid Backlash Over US Foray

India, Nov. 2 -- Bengaluru-based spacetech soonicorn Pixxel's founder and CEO Awais Ahmed has dismissed questions over the startup's Indian ownership and control following online criticism over the la... Read More

Pronto Founder's Provision Labs Acquires Hardware Startup Basilisk Industries

India, Nov. 2 -- Pronto founder Anjali Sardana's physical AI venture Provision Labs has acquired Mumbai-based hardware startup Basilisk Industries for an undisclosed sum. Basilisk founder Shourya Wat... Read More

MobiKwik Reports Rs.11.8 Cr Profit In Q2, Revenue Rises 9% YoY

India, Nov. 2 -- Fintech company MobiKwik reported a consolidated net profit of Rs.11.8 Cr in the September quarter of FY27 as against a net loss of Rs.28.6 Cr a year earlier, supported by revenue gro... Read More

Capillary Q2: Profit Jumps To Rs.21.9 Cr, Revenue Surges 51.3% YoY

India, Nov. 2 -- SaaS company Capillary Technologies reported a consolidated net profit of Rs.21.9 Cr in the September quarter of FY27, up over 75X from Rs.28.8 Lakh in the year-ago period. Operating... Read More

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