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🚀 Groww ’s cofounders are planning a ₹400-500 Cr startup fund. 👇 Lalit Keshre, Ishan Bansal, Harsh Jain, and Neeraj Singh are planning to launch a ₹400-500 Cr second fund under Stargazer AIF to invest in seed and early-stage consumer internet and deeptech startups, with a growing focus on AI and frontier technologies. The fund will be backed entirely by the cofounders' personal capital, with no plans to bring in external limited partners. 🔗 To read the article in detail, head to the first comment! #News #Funding #Startups #DeepTech #AIEconomy

🚀 Instamart has achieved contribution margin breakeven in Q1 FY27 👇 Instamart turned contribution margin positive at 0.2% of its ₹7,907 Cr gross order value (GOV), reaching the milestone in May 2026 as higher per-order monetisation boosted unit economics. Adjusted revenue per order rose to ₹108 from ₹97 in Q4 FY26. The quick commerce business also narrowed its adjusted EBITDA loss to ₹778 Cr from ₹896 Cr a year ago, while expanding its network to 1,171 dark stores across 131 cities. Swiggy said it prioritised sustainable profitability over aggressive discount-led growth, even shedding 4 Mn unprofitable users to improve unit economics. 💬 "In the last four quarters, we have taken a very, very contra choice in terms of conscientious overgrowth, and we believe that’s had much stronger staying power," said Swiggy founder and Group CEO Sriharsha M.. 🔗 To read the article in detail, click here: https://bit.ly/453xg0i #Swiggy #Instamart #QuickCommerce #News #Earnings

Swiggy still lost ₹791 Cr last quarter. But one number inside the results is the one it has chased for years: Instamart broke even. The quick commerce arm hit contribution-margin breakeven on stronger monetisation, higher revenue per order, and a deliberate call to shed 4 Mn unprofitable users. Overall loss narrowed 34% as revenue rose 37% to ₹6,812 Cr, even as food delivery took a margin hit. In today's Daily Brief: → Sarvam plans a trillion-parameter model within six months → HomeLane eyes ₹1,000 Cr revenue and EBITDA profit in FY27 → Zepto puts its IPO on hold, pivots to a ₹1,000 Cr pre-IPO round → Sid's Farm raises ₹81 Cr to scale its dairy business → Rapido's Ownly claims 10% of Bengaluru food delivery in four months Instamart hit breakeven partly by dropping 4 Mn users. Is shedding unprofitable customers smart discipline, or a ceiling on scale?

India's second fintech IPO wave looks very different from the first 👀 This time, profitability isn't optional. It's the ticket to Dalal Street From PhonePe and Moneyview to Navi, Fibe and KreditBee, the next crop of fintech IPOs is being judged on stronger fundamentals not just GMV or growth 📊 Here's where India's biggest fintech IPO contenders stand today KreditBee | Fibe.India (Formerly EarlySalary) | Navi | PhonePe | Moneyview Akshay Mehrotra | Sachin Bansal | Sameer Nigam | Puneet Agarwal #Inc42 #trending #fintech #tech #IPO #financials

For decades, ISRO carried India's space ambitions 🚀 Now, a new generation of startups is taking that legacy commercial. With Skyroot becoming India's first spacetech unicorn, India's private space race has officially entered a new orbit Bellatrix Aerospace | Skyroot Aerospace | Dhruva Space | SatSure | GalaxEye | Pixxel | AgniKul Cosmos | Digantara | Optimized Electrotech Pvt Ltd | Yashas Karanam | Pawan Kumar Chandana | Sanjay Nekkanti | Prateep Basu | Suyash Singh | Awais Ahmed | Srinath Ravichandran | Anirudh Sharma #Inc42 #trending #spacetech #tech #space #orbit #unicorn #skyroot

Sarvam is doubling down on India's AI ambitions. 🇮🇳👇 AI startup Sarvam plans to build a trillion-plus parameter AI model in India and has launched Sarvam Inference, an India-hosted inference platform supporting Sarvam 105B, GLM 5.2, and Gemma 4. The startup also announced a San Francisco office, appointed Devendra Singh Chaplot as an advisor, and said its developer platform has crossed 1 Mn registered developers. 🔗 To read the article in detail, head to the first comment! Vivek Raghavan | Pratyush Kumar #News #AI #AIEconomy #IndianStartups #Sarvam

Rapido is taking on Swiggy and Zomato with zero commissions👇 Bengaluru restaurants are pushing back against Swiggy's commission structures as Rapido expands Ownly , its zero commission food delivery platform. Ownly claims nearly 10% of Bengaluru's online food delivery market, has expanded across most of the city, and plans to enter more cities next quarter. 💬 “I personally believe that it can get sorted out and resolved with dialogue,” said NRAI president and Wow! Momo cofounder Sagar J Daryani on the ongoing talks with Swiggy and Zomato. 🔗 To read the article in detail, head to the first comment! Sriharsha M. | Albinder Dhindsa | Aravind Sanka #News #FoodDelivery #Rapido #Swiggy #Zomato

Sarvam strengthens its frontier AI ambitions. 👇 AI unicorn Sarvam has appointed Devendra Chaplot , a founding team member at Mistral AI and Thinking Machines Lab, as an advisor and announced a new San Francisco office. The move comes as Sarvam works on building a trillion-plus parameter AI model in India. Chaplot, formerly xAI's pre-training lead, said a 3 Tn parameter model could be trained in India using 10,000 Blackwell GPUs in four to six months. 💬 “The model is not the goal. The ability to build models is the goal.” — Devendra Singh Chaplot 🔗 To read the article in detail, head to the first comment! #News #AIEconomy #Sarvam #ArtificialIntelligence #IndianStartups

What if India's biggest AI advantage isn't talent or GPUs but its languages? While most AI models still prioritize English, Soket AI Labs is building Project EKA, a foundation model designed to understand Indian languages at its core The ambition goes beyond translation. It's about creating AI that can reason, solve problems and serve millions in the language they're most comfortable with If successful, this could redefine how AI is built not just for India, but for the Global South. Should India's AI future be built in Indian languages? Let us know.👇 Inc42's AI Economy category is powered by Mobavenue Abhishek Upperwal ⁣ #Inc42 #trending #AI #Indianlanguage #funding #valuation #India #AIEconomy

Swiggy trims its losses, but the red ink remains👇 Foodtech major Swiggy reported a 34% YoY decline in net loss to ₹791 Cr in Q1 FY27, while operating revenue rose 37% YoY to ₹6,812 Cr. On a sequential basis, the company's net loss narrowed 1.1% QoQ from ₹800 Cr in the previous quarter. Including other income of ₹211 Cr, total income stood at ₹7,023 Cr during the quarter. Meanwhile, total expenses increased 25% YoY to ₹7,813 Cr. Sriharsha M. 🔗 To read the article in detail, head to the first comment! #News #Swiggy #FoodTech #Earnings #StartupNews