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Neo Group Marks First Close Of INR 2K Cr Secondaries Fund, Backs 5 Startups

India, Aug. 1 -- Neo Group's asset management arm Neo Asset Management has marked the first close of its INR 2,000 Cr secondaries PE fund at INR 750 Cr. A SEBI-registered Category II AIF, the fund wi... Read More


MobiKwik Q1: Loss Zooms Over 6X YoY To INR 42 Cr

India, July 31 -- Fintech company MobiKwik reported yet another loss-making quarter, with its consolidated net loss surging nearly 535% to INR 41.9 Cr in Q1 FY26 from INR 6.6 Cr in the year-ago quarte... Read More


Govt Extends Electronics Manufacturing Scheme Application Deadline Till September

India, July 31 -- The Centre has extended the application window deadline for the Electronics Component Manufacturing Scheme (ECMS) till September 30. Earlier, the deadline to submit applications und... Read More


Edtech Startup Arivihan Nets $4.2 Mn

India, July 31 -- Edtech startup Arivihan has secured $4.17 Mn (INR 36.54 Cr) in a Pre-Series A funding round co-led by Prosus and Accel, with participation from GSF Investors. The startup plans to u... Read More


JioStar's Chief Revenue Officer Ajit Varghese Quits

India, July 31 -- Reliance-backed media giant JioStar's chief revenue officer (CRO) Ajit Varghese has stepped down from his role. He is now slated to join as the group CEO of media agency Madison Medi... Read More


Eternal Says It Will Pay No Heed To NDMA's Heatwave Advisory For Gig Workers

India, July 31 -- Foodtech giant Eternal has reportedly opposed the National Disaster Management Authority's (NDMA) recent advisory, stating that gig platforms should suspend work between 11 AM and 4 ... Read More


Google To Invest $6 Bn To Build Data Centre In Andhra Pradesh

India, July 31 -- Big tech giant Google's parent Alphabet is reportedly planning to invest $6 Bn to build a 1 gigawatt (GW) data centre and allied power infrastructure in Andhra Pradesh. Sources told... Read More


PB Fintech Q1: Profit Surges 41% YoY To INR 85 Cr

India, July 31 -- Fintech major PB Fintech's consolidated profit after tax (PAT) zoomed 41% to INR 84.7 Cr in Q1 FY26 from INR 60 Cr in the year-ago quarter. However, it slipped 50% from INR 170.7 Cr ... Read More


WeWork India's IPO, Desi Farms Acquires Suruchi & More

India, July 31 -- What's In WeWork India's IPO Fate? After Awfis went public in 2024, followed by Smartworks and IndiQube this year, all eyes are now on WeWork India. Earlier this month, WeWork India... Read More


Exclusive: AI Companion App Mello In Talks With Peak XV, DeVC To Raise Funding

India, July 31 -- Pune-based AI companion platform Mello, which is currently in stealth mode, is in advanced discussions with Peak XV Partners and DeVC to raise seed funding, sources told Inc42. The ... Read More