UPI's average daily transaction value tops Rs 1 lakh crore for first time, hits monthly records
UPI processed 25.47 billion transactions worth Rs 31.53 lakh crore in October, with festive spending contributing to the growth.
PB Fintech’s net profit rises 43% to Rs 192 crore in Q2, revenue up 35% to Rs 2,178 crore
Yashish Dahiya, co-founder of PB Fintech Group, said in the investor call after the results said that that it will not cut back on customer service, even though it will look at cost optimisation if any regulatory caps on insurance commissions happen.
Delhivery Q2: Revenues increase 20% to Rs 3,066 crore, profits up; Increases growth forecast
The Gurugram-based firm had reported a profit of Rs 31.9 crore in the previous quarter.
Indian crypto exchanges face liquidity risks as Binance reels from $6.3 billion hack
Binance’s hack comes barely a month after Bitget lost about $387.5 million of crypto assets in a security incident.
Broking firm Upstox secures SEBI licence to offer corporate bonds, joins Groww, Zerodha and Angel One
The broking platform, which previously partnered with IndiaBonds to offer bonds to customers, can now distribute fixed-income products directly through its own platform.
Walmart probes Flipkart employees over kickbacks exceeding Rs 150 crore
The ongoing investigation covers employees in Flipkart’s smartphones, luggage and travel accessories (LTA) divisions and marks the third internal probe Walmart has initiated at the e-commerce company in less than three years over alleged financial misconduct, sources told Moneycontrol.
Pixxel sets up US subsidiary to tap federal defence, intelligence contracts
The Bengaluru-based space technology company has appointed former National Geospatial-Intelligence Agency official Allyson Jenkins to lead Pixxel Federal
Pine Labs revenue grows 24% in September quarter to Rs 806 crore, net profit grows 6x
CEO Amrish Rau said that Pine Labs is looking to find the right balance between investing in new products, new ideas, and new regions, while continuing to be strongly EBITDA positive.
Ather’s market cap now 3.5 times Ola’s, share price delivers nearly 5x returns
Ather’s scooter sales have more than doubled in two years, while Ola Electric’s volumes have fallen by more than half, reflecting the contrasting fortunes of the two electric two-wheeler makers.
Karnataka’s talent pool draws GCCs to the state: Priyank Kharge
RSM US Integrated Services India Private Limited nearly triples Bengaluru office space as headcount grows over 200 percent in three years.
Roti, kapda, makan: VCs prepare to invest over Rs 1,000 crore across a dozen consumer startups
Technosport in talks with Premji, Sofina, Lighthouse Canton and 360 One, while MCaffeine is speaking to Elev8 and The Health Factory to Xponentia and Vertex Ventures, sources told Moneycontrol. Other deals include Littlebox - IvyCap/IndiaSME, Boba Bhai - Left Lane, Circle - Elevation, Eternz-Ashish Kacholia, Creme Castle-Sharrp Ventures, Croffle and Sorele-V3 Ventures, and Saman Now and IPF - All In Capital/Antler.
Small-town merchants to power next phase of credit growth, says PhonePe Lending CEO Hemant Gala
The company has disbursed 47 lakh loans over the past three years and is looking to use its merchant network and data to expand access to credit among underserved businesses.
Meesho Q2 results: Net loss narrows 68% YoY to Rs 132 crore, revenue up 34%
Total expenses for the firm increased 24 percent to Rs 4,382.3 crore in the quarter ended September, up from Rs 3,540.4 crore a year ago and Rs 3,952.2 crore a quarter ago.
ixigo's Rajnish Kumar launches Rs 1-crore fund to back IIT-Kanpur students
Launching with the Class of 2026, the fund will back 10 technology-led startups each year with Rs 10 lakh in funding, mentorship
PhonePe to rebrand Indus Appstore, expand into broader digital marketplace
PhonePe Appstore is the company's second product rebranding in recent weeks, after Share.Market was repositioned as PhonePe Invest.
Zerodha’s revenue dependence on broking down to 44% in FY 26 from 70% in FY 21, lower than rivals
The Bengaluru-based broking firm generated 32% of its FY26 revenue from interest on customer float, more than four times the share for Groww.
Sarvam signs five-year MoU with defence ministry to build AI tech for armed forces
The agreement will cover AI applications for military operations, training and decision support, with deployment on sovereign infrastructure
Peak XV Partners, Lightspeed, Activate, General Catalyst in talks to invest in half a dozen Indian AI startups
Rinshul Chandra (Ex-Zomato), Erid Bio, Spark Labs, Dvar AI, Blackbird and Pathnovo are all raising fresh capital, with individual deals ranging from around $3 million to $10 million across AI agents, biotech and enterprise software, sources told Moneycontrol.
Bengaluru Tech Summit: Karnataka to host AI and robotics pavilion with Bharat.ai
Paytm operating revenue grows 28%, net profit before exceptional items grows 9% to Rs 229 crore
The payment companies, including Paytm, are expected to report higher payment revenue from the December quarter as UPI MDR implementation could begin from mid-November.
Zetwerk's success could spawn a new generation of manufacturing startups, says Accel’s Prayank Swaroop
Swaroop says Zetwerk will help deep-tech startups take products from prototypes to commercial production. However, India's next generation of manufacturing businesses will need intellectual property and capital efficiency to compete globally, he added.
Weekly Funding Roundup: The startup deals you may have missed in week of October 25
The week’s funding deals, beyond the usual headline-grabbers. From AI and deeptech to consumer brands, healthcare and travel, here are some of the more interesting companies that raised capital this week.
CoinDCX denies second hack as blockchain investigators allege $16 million theft
According to an X post by a handle named DarcyAri, on October 21, about 15.99 million USDT and 5,783.81 TRX tokens were stolen from the exchange’s hot wallet and was transferred to multiple addresses after several splits. The deposits went to addresses on Binance, OKX, Gate and others.
Karnataka’s gig worker insurance scheme sees tepid response, only 30,256 registered
Only seven claims have been registered under the state’s insurance scheme, with Rs 11.79 lakh disbursed in compensation.
Walmart-owned Flipkart sees three more VP exits, taking senior-level churn to 14 in over a year
Kanchan Mishra, vice president (VP), Smartphones; Amit Sachan, VP, Product and Tech; and Kamal Chopra, VP, Corporate Tax, are the latest senior executives who are set to leave Flipkart, people aware of the developments told Moneycontrol.
