Tag: Entrackr : Latest Posts

Social investing and stock market advisory platform StockGro is set to secure up to $15 million in its pre-Series C funding round, with Tawuniya, Saudi Arabia’s largest insurance company, as the primary investor. The Bengaluru-based firm, founded in 2020 by Ajay Lakhotia, specializes in providing a platform for trading and investing supported by expert insights and AI-based research in a community-driven format. Recently, StockGro introduced Stoxo, a research platform tailored to offer investment analysis to its user base exceeding 35 million individuals.

This forthcoming investment follows the recent closure of StockGro’s Series B1 round in January 2026, where $13 million was raised from Bitkraft Ventures. Prior to that, the company secured $17 million in a Series B round led by Mukul Agrawal’s Param Capital.

StockGro, having amassed a total of $97 million in funding from various sources including General Catalyst, SBI Holdings, and a SoftBank subsidiary, continues to expand its presence in India’s retail investment market. Although the company’s FY25 financial statements are pending, its FY24 figures revealed a 34% decline in revenue to Rs 86.5 crore and an 84% widening of losses to Rs 101 crore.

Competing with key players like Groww, Zerodha, and Upstox in the retail investment sector, StockGro differentiates itself through a focus on social investing and research-oriented tools as it aims to enhance its market footprint.

Source: Entrackr : Latest Posts

Pluto Mobility, an electric vehicle (EV) startup, has raised $2 million in a seed funding round. The funding was led by Version One Ventures, with participation from Grad Capital and founders/executives from companies like Delhivery, OfBusiness, Pixxel, and Boom Supersonic.

With the new capital, Pluto Mobility aims to enhance its engineering and product development, grow its team, and initiate pilot deployments in key urban markets. Co-founded by Akshat Bhatia and Himanshu Panda, the Delhi-based startup specializes in electric vehicles for last-mile logistics.

Pluto Mobility’s focus is on creating scooter-sized, fully enclosed electric delivery vehicles that are resilient in adverse weather and can handle double the orders of traditional two-wheelers. The company prioritizes throughput, durability, and cost efficiency in its vehicle design, while keeping fleet complexity low.

Pluto Mobility plans to kick off pilot deployments in 2026, targeting e-commerce and quick-commerce operators, as part of its commitment to revolutionizing last-mile delivery with sustainable EV solutions.

Source: Entrackr : Latest Posts

Swiggy, the Bengaluru-based food delivery giant, has shut down its standalone app Snacc, which was designed for ultra-fast 10-15 minute food deliveries. Launched in January 2025, Snacc focused on the quick delivery of snacks, beverages, and ready-to-eat items through centrally stocked hubs. This move comes less than a year after its inception, as reported by Entrackr.

In an internal email, Swiggy highlighted its strong overall food delivery business growth, emphasizing disciplined capital allocation and scalable initiatives. The company’s food delivery segment saw a 20.5% year-on-year growth, attributed to a rise in order volume and increasing average order values (AOVs).

While Snacc initially operated in select areas of Bengaluru, Gurugram, and Noida, it never saw a national expansion. This closure mirrors similar actions by competitors like Zomato, Zepto Café, and Ola, who paused or restructured their quick-delivery services due to market challenges.

However, the sector remains dynamic, with reports of fast-delivery startup Swish seeking substantial funding. This indicates ongoing investor interest despite recent setbacks in the quick-delivery space.

Source: Entrackr : Latest Posts

Edtech startup Klassroom has filed its Draft Red Herring Prospectus (DRHP) to go public on the SME platform of the Bombay Stock Exchange, according to Entrackr. The IPO includes fresh equity shares and an offer-for-sale by existing stakeholders.

The funds raised will support debt repayment and enhance Klassroom’s technology stack, focusing on AI/ML capabilities, content development, and marketing strategies. This move follows the company’s shift to a public limited entity, as reported by Entrackr last year.

Established in 2016, Klassroom operates a hybrid learning model that combines an AI-powered education OTT platform with offline partner centers, targeting students from Classes 8 to 12. The company’s approach, which includes recorded and live classes, as well as a franchise-led expansion strategy, sets it apart in the edtech landscape.

Klassroom’s IPO submission comes as the edtech sector shows signs of recovery. The company has reported commendable financial growth, with revenue surging by 120% to Rs 10.1 crore in FY25 and net profit reaching Rs 2.9 crore. In the first half of FY26, the company reported operating revenue of Rs 12.4 crore and a net profit of approximately Rs 4 crore.

Source: Entrackr : Latest Posts

This week, Indian startups secured $1.3 billion in funding, with 29 companies receiving investments. The funding included a mix of 3 growth-stage and 19 early-stage deals, while 7 startups chose to keep their funding details undisclosed.

The growth-stage deals saw significant activity, with the AI acceleration cloud platform Neysa leading the pack by raising $1.2 billion in a noteworthy round involving debt and equity. This marked a major milestone in India’s AI infrastructure sector. The wealthtech startup Stable Money secured $25 million in a pre-Series C round, and the EV charging startup Statiq received $18 million through a combination of equity and debt.

On the early-stage front, funding totaled $86.47 million across 19 deals. The semiconductor startup C2i Semiconductors and the AI application platform Portkey each raised $15 million in Series A rounds, while the fabless semiconductor startup Vervesemi secured a $10 million Series A round.

Notably, AI startups dominated the funding landscape with 9 deals, followed by fintech and EV startups with 5 and 3 deals, respectively. Bengaluru was the top city for deals, while Mumbai led in total funding, raising $1.2 billion across just 2 deals.

This surge in funding signifies strong investor interest in Indian startups, particularly in AI technologies, showcasing the country’s growing tech ecosystem.

Source: Entrackr : Latest Posts

Univest, a broking superapp, announced its foray into mutual fund advisory at the Wealth Multiplier Summit 2026 held in Delhi. The event marked Univest’s strategic move to enhance its advisory services. The summit, sponsored by HDFC Mutual Fund and presented by Mirae Asset, gathered key players in India’s financial sector to discuss the future of wealth creation and mutual funds.

The summit featured industry leaders discussing topics like market cycles and the impact of technology on mutual fund advisory. Pranit Arora, Co-Founder and CEO of Univest, emphasized the importance of democratizing access to quality research and asset allocation strategies for all Indian investors.

Univest’s expansion reflects a shift towards disciplined wealth creation supported by research and expert advice. Co-founded in 2022, Univest operates as a retail advisory platform offering insights across stocks, derivatives, and commodities through its SEBI-registered RA entity, Uniresearch.

The startup’s recent $10 million Series A funding round led by Bertelsmann India Investments underscores its growth trajectory in the competitive market. Univest aims to carve a niche in the advisory space, competing with players like Liquide, Waya, and Tejimandi.

Source: Entrackr : Latest Posts

CityMall, a grocery-focused e-commerce platform, has reported impressive revenue growth in its fiscal year ending March 2025, with revenue exceeding Rs 500 crore. However, the company continued to face losses during this period.

CityMall’s operating revenue surged to Rs 534 crore in FY25, up from Rs 427 crore in FY24, as reported by the Registrar of Companies (RoC). Established in 2019, the company operates in tier II and III cities, emphasizing a shift towards a grocery-focused model and private label products.

Nearly 96% of CityMall’s revenue came from product sales, which reached Rs 512 crore in FY25, with the rest from logistics and marketing services. Key product categories driving sales include atta, sugar, oil, and ghee, accounting for 39% of total product sales at Rs 210 crore in FY25. The company also saw significant contributions from branded food and beverages, home and personal care products, and miscellaneous staples.

In terms of expenses, procurement costs constituted the largest share at 72%, rising to Rs 510 crore in FY25. Despite a decline in employee benefit expenses, overall expenditures increased by over 15% year-on-year to Rs 710 crore, driven by factors like transportation costs and provision for obsolete inventory.

CityMall’s financial performance in FY25 showed a flat loss figure of Rs 159 crore, with an improved EBITDA margin but a worsened ROCE. The company’s unit economics revealed that it spent Rs 1.33 to earn a rupee of operating revenue during this period.

Source: Entrackr : Latest Posts

Euler Motors, a commercial electric vehicle startup, is in the process of securing Rs 220 crore, approximately $25 million, through a debt round to be conducted in multiple tranches. This move comes after the company raised Rs 638 crore in its Series D round just nine months ago.

The funding details were revealed through regulatory filings obtained from the Registrar of Companies (RoC). In the initial tranche, Euler Motors aims to raise Rs 105 crore (about $11.6 million) by issuing non-convertible debentures. BlackSoil Capital is leading this round, with Trifecta Venture also participating.

To facilitate this fundraising, Euler Motors’ board has approved the issuance of up to 10,500 NCDs priced at Rs 1,00,000 each. BlackSoil is set to contribute Rs 75 crore, while Trifecta will invest Rs 30 crore, making the total proposed debt raise Rs 105 crore.

The capital raised will be utilized for various purposes including working capital, capital expenditure, refinancing existing borrowings, and general corporate needs. Established in 2018, Euler Motors focuses on producing three-wheelers and targets sectors like e-commerce and logistics with its electric vehicle solutions.

Having raised over $200 million to date, Euler Motors counts Hero MotoCorp, GIC, and British International Investment as key investors. The company’s revenue for FY25 saw a 12% year-on-year increase to Rs 192.26 crore, while losses decreased by 12% to around Rs 200 crore during the same period.

Source: Entrackr : Latest Posts

Livspace, a prominent interior design startup, has recently undergone a significant internal restructuring, resulting in the layoff of approximately 1,000 employees, constituting nearly 12% of its workforce. The company has cited its ambition to transition into an AI-native organization as the driving force behind this move.

Despite Livspace’s official announcement of a 12% employee impact, a report by Moneycontrol suggests that the figure could be as high as 25%, indicating the magnitude of this organizational shift.

The company clarified that the recent layoffs were not merely a cost-cutting measure but a strategic reallocation of resources aimed at integrating advanced artificial intelligence and automation technologies across key functions such as sales, design, operations, and marketing.

Livspace highlighted the gradual implementation of AI systems over the past six months, leveraging AI agents to automate tasks previously handled manually. This transition was meticulously executed to maintain service quality even as certain roles were phased out.

In addition to the operational changes, Livspace also announced a leadership transition, with co-founder Saurabh Jain stepping down after an 11-year tenure to pursue personal interests.

Since its establishment in 2014, Livspace has secured over $450 million in funding, achieving unicorn status in 2022. The company’s fiscal performance for the year ending in March 2025 showcased revenues of Rs 1,460 crore, with a 42% reduction in losses.

Source: Entrackr : Latest Posts