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Monday

9 stories you need to know from India's startup ecosystem.

9Stories
5Min Read
01
Funding 6 min read

Alive App Raises $1M After Bengaluru Turned Its First Profitable Quarter

Vivek Kumar's account of how this started is unusually specific, and it identifies something most people in Indian cities have felt without naming. He had spent over a decade in the startup ecosystem, as a technologist, …

02
FMCG 4 min read

Anmol Industries Filed For A ₹1,800 Crore IPO In Which The Company Gets Nothing

The profit figure is the one to interrogate, because of how it moved relative to revenue. Revenue rose about 28 per cent. Net profit rose roughly fivefold, from an implied ₹38 crore or so to ₹190.9 crore. That takes net …

03
SaaS & Tech 4 min read

TakeMe2Space Will Fly Two Orbital Data Centre Satellites On A Falcon 9 In 2028

The case for putting computers in space is not about computing power. It is about bandwidth. An Earth observation satellite generates far more imagery than it can send down. Ground station passes are short, downlink capa…

04
Policy 4 min read

The ED Has Attached ₹442 Crore More In The Gameskraft Case, Taking The Total To ₹2,843 Crore

One element of the allegation is different in kind from the others, and it is the one the industry should watch. Most enforcement in Indian real-money gaming has turned on where users were located and whether the activit…

05
Markets & IPO 4 min read

Tonbo Imaging Has SEBI Clearance For An IPO That Raises It Nothing

One pair of figures in the filing needs explaining before anything else. Tonbo reports operating revenue of ₹299.9 crore for FY26 and net profit of ₹362.6 crore. The profit is larger than the revenue. For that to hold, a…

06
Markets & IPO 4 min read

Cars24 Cannot File Its IPO Papers Until April 2027, After The Reverse Flip

The accounting change is the disclosure that will matter most when the prospectus arrives. Cars24 moved its wholesale business from an inventory-based model to a commission-based one during FY26. Under the old treatment,…

07
Fintech 4 min read

The Supreme Court Won't Stay The UPI MDR Rollout, But Wants To Know What The Charge Is

The exchange in court was more revealing than the order. The Additional Solicitor General told the bench that MDR is not a tax and not a fee, but a settlement charge shared among banks and aggregators, with the governmen…

08
Funding 7 min read

Balwaan Krishi Raises ₹100 Crore to Stop Importing the Machines It Sells

India's farm mechanisation story is usually told through tractors, and tractors are the wrong lens for most of the people farming here. About 86 percent of Indian farmers work under two hectares. On a plot that size a tr…

09
D2C 4 min read

Amaani Has Raised $5 Million For Its Arab-Ingredient Beauty Brand AÏZA

The ninefold growth figure needs its starting point attached. AÏZA launched in December 2024. The first half of 2025, against which the first half of 2026 is being measured, covers the brand's first six months of existen…

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