wayr today India

Category: Startup

  • Eternal Invests ₹450 Crore in Blinkit to Boost Quick Commerce Operations

    This article was generated by AI and cites original sources.

    Eternal, a prominent foodtech company, has recently invested ₹450 crore into its quick commerce subsidiary Blinkit through a rights issue. The funding aims to enhance Blinkit’s operations amid the competitive quick commerce market landscape.

    The board of Blinkit has approved the issuance of 2,799 equity shares to Eternal at a price of ₹16.07 lakh per share. The investment is anticipated to facilitate Blinkit’s expansion of dark stores, address working capital requirements, and cover operational expenses as it scales its quick commerce services across multiple cities.

    The move comes at a time when the quick commerce sector in India is witnessing intense competition, with players like Zepto and Swiggy Instamart making significant investments to bolster their presence. Zepto secured $450 million in funding last year, while Swiggy raised approximately ₹10,000 crore through a qualified institutional placement to amplify its quick commerce arm Instamart.

    In its Q3 FY26 report, Eternal described the competition in the quick commerce segment as ‘intense.’ Blinkit’s CEO Albinder Dhindsa highlighted the competitive landscape, citing challenges from startups, major ecommerce platforms, and JioMart, with Amazon and Flipkart also intensifying their quick commerce investments.

    Source: Inc42 Media

  • Slice Strengthens Governance with Veteran Banker Appointment

    This article was generated by AI and cites original sources.

    Fintech company Slice has bolstered its governance framework by appointing Sreedevi Pillai, former Chief General Manager of Risk Management at State Bank of India (SBI), as an Independent Non-Executive Director to its Board.

    Pillai’s extensive 36-year banking leadership at SBI involved spearheading operational risk management, fraud prevention, and developing fraud detection frameworks, helping SBI pioneer large-scale deployment of such capabilities in India.

    Slice’s decision aligns with its commitment to strengthening institutional governance and risk management to support long-term growth strategies. The move signifies a strategic step in enhancing Slice’s responsible finance practices in India.

    Expressing enthusiasm, Pillai stated, ‘I look forward to contributing to robust governance, prudent risk management, and sustainable growth alongside the leadership team and Board at Slice.’

    In a recent development, Slice appointed Rajan Bajaj, the company’s founder, as its Managing Director and Chief Executive Officer. Bajaj, who previously held the position of Executive Director, led Slice’s transformation from a consumer fintech startup into a regulated bank following its merger with North East Small Finance Bank in 2024.

    With over 20 million registered users, a workforce of 3,000, and substantial investments from notable firms like Tiger Global, Insight Partners, and Advent International, Slice continues to expand its presence in the fintech sector.

    Source: Entrackr : Latest Posts

  • Mosaic Wellness Secures ₹200 Cr Funding to Expand Health-Tech Offerings

    This article was generated by AI and cites original sources.

    Thane-based startup Mosaic Wellness has successfully raised ₹200 Cr in primary capital from 360One Asset, with additional undisclosed secondary funding, marking a significant milestone in the health-tech industry.

    The funding round facilitated a partial exit for early investor Spring Marketing Capital, showcasing the startup’s growth trajectory.

    Founded in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness operates popular digital health platforms including Man Matters, Be Bodywise, and Little Joys, catering to men, women, and children with a range of wellness products and telemedicine services.

    The capital injection will enable Mosaic Wellness to expand its strategic plans within the consumer health and wellness sector, allowing the company to capitalize on emerging opportunities and enhance its service offerings.

    360One Asset’s entry into Mosaic Wellness’ investor lineup alongside Elevation Capital, Peak XV Partners, Z47, and Think Investments reflects the industry’s confidence in the startup’s potential.

    Mosaic Wellness demonstrated robust revenue growth and margin improvement in the previous fiscal year, significantly reducing its net loss while achieving remarkable top-line growth, signaling a positive trajectory for the health-tech player.

    Source: Inc42 Media

  • Replit’s Valuation Surges to $9 Billion: Insights into the Coding Startup’s Growth

    This article was generated by AI and cites original sources.

    The coding startup Replit has seen its valuation soar to $9 billion after a substantial $400 million funding round. This rapid growth, supported by investors like Georgian Partners, Shaquille O’Neal, and Jared Leto, highlights the platform’s increasing prominence in the tech industry. Replit’s user base includes 85% of the Fortune 500, showcasing its widespread adoption among major corporations.

    At the core of Replit’s offering is a platform that empowers users to develop software and AI applications efficiently. With an annual recurring revenue of $150 million, Replit has demonstrated its ability to generate substantial income while providing valuable tools for developers and businesses.

    This significant funding boost not only underscores investor confidence in Replit’s potential but also signals a growing demand for coding solutions that streamline development processes and enhance productivity. As the tech landscape continues to evolve, platforms like Replit play a crucial role in enabling innovation and driving digital transformation across industries.

    Source: Tech-Economic Times

  • Green Frontier Capital Adjusts India Fund Amid Climate-Tech Sector Shifts

    This article was generated by AI and cites original sources.

    Green Frontier Capital, a venture capital firm focused on India’s climate-tech landscape, has announced the first close of its debut India fund. Managing Partner Sandiip Bhammer revealed that the firm has decided to resize the fund due to a decrease in high-quality investment opportunities within the climate-tech sector.

    This adjustment by Green Frontier Capital reflects the evolving dynamics of the climate-tech industry in India. Despite the initial momentum and interest in climate-focused investments, the current market conditions have necessitated changes in fund size to align with the available opportunities.

    By adapting its investment strategy, Green Frontier Capital aims to navigate the changing landscape of climate-tech in India effectively. The firm’s decision underscores the importance of flexibility and strategic realignment in response to market trends and investment prospects.

    As the climate-tech sector continues to evolve, the ability to assess and adjust fund size and focus becomes crucial for venture capital firms like Green Frontier Capital. This strategic shift highlights the necessity for adaptability and foresight in pursuing sustainable and impactful investments in India’s growing climate-tech ecosystem.

    Source: YourStory RSS Feed

  • Seekho’s Aggressive Marketing Strategy: A Tech Startup Analysis

    This article was generated by AI and cites original sources.

    Bengaluru-based short learning video platform Seekho has made headlines with its aggressive marketing strategy, spending over Rs 134 crore on advertising to boost its revenue in the fiscal year 2025. Seekho raised $28 million in September 2025, showcasing remarkable growth and a valuation of $180 million after a significant surge in operating revenue.

    Seekho, founded in 2020, offers educational content in various languages on topics like technology, business skills, and government exams, targeting students, professionals, and general learners. Subscriptions primarily drove revenue, with a portion coming from advertisements and non-operating sources like bank interest.

    Marketing expenses dominated Seekho’s financials, comprising 75% of total costs at Rs 134.2 crore, a substantial increase from the previous year. The company’s focus on scaling its platform through aggressive marketing led to a loss of Rs 38.8 crore despite robust revenue growth.

    With content creation costs being a small fraction of overall expenses, Seekho’s heavy investment in advertising raises questions about the sustainability of its business model. As the platform competes for viewer attention, the pressure to maintain success and potentially pivot towards more simplified content looms.

    Source: Entrackr : Latest Posts

  • KaarTech Secures $11M Investment to Accelerate Digital Transformation Services

    This article was generated by AI and cites original sources.

    Digital transformation consulting firm KaarTech has successfully raised $11 million in a recent funding round led by Playbook Partners, with participation from existing investor A91 Partners. The company, founded in 2006, specializes in helping enterprises transition from legacy systems to cloud-based infrastructure and develop AI-ready technology solutions.

    KaarTech offers a range of services, including cloud migration, data platforms, AI, automation, analytics, and managed services, primarily serving global clients in sectors such as aviation, energy, and government. The funding will support the company’s expansion efforts in North America and Europe, bolster hiring initiatives in these regions, and potentially facilitate strategic acquisitions to enhance its product offerings.

    Notably, KaarTech aims to achieve revenue exceeding Rs 1,000 crore in the upcoming fiscal year, showcasing its ambitious growth targets. The company’s revenue surged by 56.8% to Rs 718 crore in FY25, marking a significant increase compared to the previous fiscal year. KaarTech also achieved profitability in FY25, reporting a net profit of Rs 7.74 crore after registering a loss in the preceding fiscal period.

    With a strong foothold in international markets, including the Gulf region, North America, and Europe, KaarTech remains focused on delivering innovative digital solutions and driving value for its diverse clientele.

    Source: Entrackr : Latest Posts

  • Healthtech Startup Cent Secures Funding for AI-Powered Disease Detection Platform

    This article was generated by AI and cites original sources.

    Cent, a healthtech startup, has secured funding from OneFlow Holdings and South Park Commons. Founded by Shashank ND, Arpit Garg, and Anshul Khandelwal, the Bengaluru-based company focuses on early disease detection using AI technology. Cent’s platform aims to identify serious conditions like cancer, cardiac, and metabolic diseases at their initial stages through direct-to-consumer scans.

    Since its establishment in the first quarter of FY26, Cent has conducted over 1,500 scans, with approximately 26% revealing clinically significant results and 3–4% detecting critical conditions requiring immediate medical attention. The startup’s approach underscores the growing importance of preventive healthcare and the role of technology in enhancing early diagnosis.

    Recent funding activities in the oncology sector, such as Oncare and 4baseCare, indicate a rising trend in investments towards healthcare startups specializing in disease management and detection. This influx of capital signifies investor confidence in the potential impact of tech-driven solutions on healthcare outcomes.

    Source: Entrackr : Latest Posts

  • Analyzing the Impact of Eased China FDI Norms and Dream Sports’ Restructuring

    This article was generated by AI and cites original sources.

    The startup ecosystem is closely watching the impact of the relaxed FDI norms, particularly Press Note 3, on the flow of capital. According to Tech-Economic Times, the changes are expected to streamline deal closures involving global venture funds with Chinese limited partners, potentially reducing approval wait times significantly. Additionally, venture funds and private equity firms could benefit from easier capital raising from Chinese limited partners or sponsors, navigating through regulatory uncertainties more efficiently.

    In a separate development, Dream Sports, affected by the RMG ban, has undergone a substantial reorganization with over 100 executives departing across various functions such as customer support, engineering, and data. The company is reportedly restructuring its units and business lines in response to the ban’s impact on revenue streams, leading to a strategic shift.

    Amidst these changes, the tech industry continues to monitor startups adapting to challenges, such as food delivery services facing LPG cylinder shortages impacting restaurant operations and menu offerings. This dynamic landscape underscores the importance for startups to continually evolve and master diverse tech stacks, especially in the realm of AI.

    Source: Tech-Economic Times

  • DrinkPrime Secures Fresh Funding to Expand IoT-Enabled Water Purifier Platform

    This article was generated by AI and cites original sources.

    DrinkPrime, a Bengaluru-based startup specializing in subscription-based reverse osmosis (RO) water supply, has secured Rs 20 crore in fresh funding from Artha Venture Fund and Mirabilis Investment Trust. The company’s latest funding round involved the allotment of 21,718 Series A3 CCPS and 10 equity shares, raising the total amount.

    With this new investment, DrinkPrime plans to further advance its business strategy, using the capital to enhance its IoT-enabled water purifiers for households. The company’s valuation has increased to Rs 340 crore (approximately $37 million) from the previous round, reflecting investor confidence in its approach.

    Founded in 2016 by Vijender Reddy Muthyala and Manas Ranjan Hota, DrinkPrime has been expanding its operations and reported a 54% increase in operating revenue to Rs 72.13 crore in FY25, while also reducing its losses during the same period.

    Source: Entrackr : Latest Posts