Accel Closes Ninth India Fund With $550 Mn Corpus To Invest In AI, Deeptech

India, Aug. 12 -- Global venture capital firm Accel has raised $550 Mn for a new India-focused fund as it looks to step up investments in artificial intelligence (AI), deeptech and other emerging star... Read More

Shiprocket IPO Subscribed 35% On Day 1; Retail, Employee Quotas Fully Booked

India, Aug. 12 -- Ecommerce enabler Shiprocket's IPO was subscribed 0.35X within the first few hours of bidding today, led by demand from retail investors and employees. As of 11:57 IST, investors ha... Read More

Discovered Materials Raises $9 Mn For AI-Led Semiconductor Material Discovery

India, Aug. 11 -- AI-powered materials discovery startup Discovered Materials has raised $9 Mn (about Rs.85.9 Cr) in a seed funding round led by Lightspeed India Partners. The round also saw particip... Read More

Table Space Files DRHP For Rs.800 Cr+ IPO

India, Aug. 11 -- Managed workspace provider Table Space has filed its DRHP with SEBI for an IPO comprising a fresh issue of shares worth up to Rs.800 Cr and an offer for sale (OFS) of up to 6.55 Cr e... Read More

Inside Dark Store Festive Stock Up Strategy

India, Aug. 11 -- August is here, and India's biggest shopping months are just around the corner. From Raksha Bandhan and Ganesh Chaturthi to Navratri, Dussehra, Dhanteras and Diwali, the festive cale... Read More

Mobavenue AI Q1: PAT Zooms 94% YoY To Rs.12 Cr, Revenue Up 57%

India, Aug. 11 -- Listed adtech company Mobavenue AI Tech's net profit zoomed 94.3% to Rs.11.7 Cr in the first quarter (Q1) of the fiscal year 2026-27 (FY27) from Rs.6 Cr in the year ago quarter. On a... Read More

IPO-Bound Tonbo Imaging's Net Profit Sinks 30% YoY To Rs.362.6 Cr In FY26

India, Aug. 11 -- Defence tech startup Tonbo Imaging has reported a net profit of Rs.362.6 Cr in the financial year ended March 31, 2026 (FY26), a 30% decrease from Rs.469.1 Cr it reported in the same... Read More

Zepto Faces Fresh Regulatory Heat As Bengaluru Warehouse Sealed Over Food Safety Violations

India, Aug. 11 -- Adding to the ongoing regulatory scrutiny, the Food Safety Division of Karnataka's Food Safety and Drug Administration Department has sealed a major Zepto warehouse in Bengaluru's Ho... Read More

Porter FY26 Profit Skyrockets 4X YoY To Rs.229 Cr, Revenue Up 54%

India, Aug. 11 -- Logistics unicorn Porter posted a net profit of Rs.229 Cr in the financial year ended March 31, 2026 (FY26), a 314% jump from Rs.55.3 Cr reported in the year-ago period, driven to sh... Read More

IPO-Bound Shiprocket Nets Rs.727.4 Cr From Anchor Investors

India, Aug. 11 -- Ahead of the commencement of the bidding for its public issue tomorrow (August 12), IPO-bound logistics major Shiprocket has raised Rs.727.4 Cr from anchor investors. The startup al... Read More

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