Inc42

Deeptech company SEDEMAC Mechatronics’ net profit for the quarter ended March 2026 (Q4 FY26) surged 273% to ₹32.1 Cr from ₹8.6 Cr in the year-ago quarter. On a sequential basis, profit rose 32% from ₹24.3 Cr.  Operating revenue zoomed 60% YoY and 8% QoQ to ₹287.7 Cr. Including other income of ₹63 Lakh, the company’s total income for the quarter stood at ₹288.3 Cr.  Meanwhile, its EBITDA profit more than doubled to ₹61 Cr from ₹29 Cr in Q4 FY25, while EBITDA margin expanded sharply to

As India’s consumer internet story matures beyond the first wave of ecommerce adoption, the next decade of D2C growth will be shaped by brands that can build strong recall, crack omnichannel distribution, and create products tailored to the country’s evolving consumption habits. The opportunity is massive, driven by a 500 Mn-strong shopper base, over 800 Mn internet users, rising discretionary spending, deeper internet penetration and the rapid expansion of digital commerce across non-metro mark

Biotech startup Cellogen Therapeutics has secured ₹20 Cr (about $2 Mn) in funding from Kotak Alternate Asset Managers (Kotak Alts).  The startup plans to use the capital to advance its CAR‑T clinical programmes, expand its gene therapy pipeline, and strengthen its GMP‑compliant manufacturing and regulatory capabilities. Kotak Alts made the investment through the Kotak Life Sciences Fund I (KLSF-I), an investment vehicle for early- and growth-stage lifescience and healthtech ventures.  Founded in

The National Payments Corporation of India (NPCI) is working on building a common interoperable infrastructure for UPI soundboxes to enable a single device to process UPI payments across different payment apps.  Citing sources, ET reported that the back-end infrastructure would allow merchants to accept payment from any QR code and use the same device for the settlement services. The NPCI’s common platform would be compatible with QR codes of all fintech players. The infrastructure would allow m

Update | May 18, 2026, 11:42 IST Shares of Delhivery ended today’s trading session 4.2% lower at ₹455. 7 apiece on the BSE. Its market capitalisation stood at ₹34,119 Cr (about $3.5 Bn) at end of the day. Original Story | May 18, 2026, 17:58 IST Shares of Delhivery fell nearly 6% to hit an intraday low of ₹447.85 on the BSE as investors turned cautious following the logistics major’s largely flat Q4 FY26 profit despite strong top line growth. Shares were further weighed down by a broader market

MobiKwik’s Q4 results at the tail end of last week brought up some interesting views over this past week, but our reading of the numbers raised a deceptively simple question: If payments GMV is growing 58% and UPI transactions are exploding 170%, why has payments revenue barely moved for over a year? This contradiction sits at the centre of the company’s entire story and could define the future for MobiKwik, which has painfully pieced together its fintech empire in the past year and a half.  On

When AI Learns to Break Things Anthropic’s Mythos — an AI system capable of autonomously finding and exploiting software vulnerabilities — has sent shockwaves through India’s financial establishment.  The system reportedly uncovered decades-old security flaws in OpenBSD, one of the world’s most hardened operating systems. For a country that has built its financial stack on deeply interconnected digital rails — UPI, Aadhaar-linked auth, cloud-native banking APIs — the implicatio

Just as the global security community grapples with shockwaves from Anthropic’s Mythos that can autonomously exploit software vulnerabilities, Google recently confirmed the first case of cyberattackers using AI to build a zero-day exploit. OpenAI, Google’s arch-nemesis, has also announced Daybreak, an initiative focused on strengthening defensive AI infrastructure and improving coordinated cyber resilience. Together, these developments are marking a turning point in how AI is reshaping cybersecu

When Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma quit Peak XV Partners earlier this year, it revived the debate around carry-share and power dynamics in the VC ecosystem. The departures came on the back of a monumental year for Peak XV which saw it get exits from notable portfolio companies, including Groww. Agrawal in fact led Peak’s first ₹30-35 Cr investment in Groww in 2019. Overall, Peak XV invested close to $50 Mn (around ₹400 Cr) over many years in Groww, which delivered more than 5

It was FY22 and Shadowfax was still viewed largely as another fast-growing logistics startup battling for ecommerce deliveries in India’s crowded third-party logistics (3PL) market. Four years later, the Bengaluru-based company’s market share in the 3PL segment has climbed from roughly 8% to as much as 29%, making it one of the country’s largest logistics platforms. But its ambitions now extend far beyond parcel delivery. After posting its first meaningful quarterly profit in Q4 FY26, Shadowfax

New-age tech stocks saw a bearish week as investors turned selective amid the ongoing Q4 earnings session. Forty six out of the 57 new-age tech stocks under Inc42’s coverage fell in a range of 0.2% to over 22% this week.  Fintech company Pine Labs emerged as the biggest loser after the expiry of its IPO lock-in on Wednesday (May 13). After touching an all-time low of ₹151 on Wednesday, the company’s shares recovered a bit to end the week at ₹152.7. The stock slumped 22.15% during the

Logistics major Delhivery’s consolidated net profit for the March quarter of FY26 (Q4 FY26) was almost flat at ₹72.4 Cr as against ₹72.5 Cr in the year-ago quarter. On a sequential basis, profit rose 83.3% from ₹39.6 Cr. Operating revenue rose 30% to ₹2,850 Cr from ₹2,191.6 Cr in the same quarter last year. On a QoQ basis, it rose 1.6% from ₹2,805 Cr. Including other income of ₹59.4 Cr, total income stood at ₹2,909.4 Cr. Total expenses rose 26.9% to ₹2,853.1 Cr during the quarter under review fr

India’s ecommerce market has grown into a $165 Bn industry in just over a decade, but its growth remains heavily concentrated among a small set of consumers. Currently, just 2% of power shoppers out of India’s 958 Mn internet users account for 60% of the country’s ecommerce GMV, according to Inc42 Datalabs’ ‘D2C 3.0: The Next Big Wave in Indian Ecommerce Report 2026.’ This means that despite a total 350 Mn online shoppers recorded over time, only 19 Mn account for over half of the total sp

The Gig & Platform Service Workers Union (GIPSWU) has called for a nationwide five-hour shutdown of app-based services, demanding higher kilometre-based payment rates from digital platforms and government intervention following the recent hike in petrol, diesel and LPG prices. In a statement issued yesterday, the union appealed to gig and platform workers associated with various app-based companies to observe a temporary shutdown of services from 12 PM to 5 PM today. Amid the ongoing geopoli

Right after hosting a high-profile conclave of the foreign ministers of BRICS nations in New Delhi on Thursday (May 14), Prime Minister Narendra Modi landed in the UAE the next day for the first-leg of his five-nation diplomatic tour.  While the announcement of the West Asian nation committing $5 Bn investment in the country grabbed headlines, much more happened behind the scenes. During a tête-à-tête, UAE President Sheikh Mohamed bin Zayed Al Nahyan presented a Cerebras chip to PM Modi.  The ex

Indian startup funding momentum witnessed a sharp uptick this week on the back of Rapido’s mega funding round this week. Fifteen startups managed to raise $303 Mn between May 11 to May 15, marking a 129% increase from $132.2 Mn raised across 18 deals last week. However, barring Rapido’s $240 Mn primary infusion, startup funding would have declined by 52% this week. Funding Galore: Indian Startup Funding Of The Week [May 11 — May 15] Date Name Sector Subsector Business Model Funding

Discount brokerage company Zerodha (Zerodha Broking Ltd) has purchased over 35 Lakh shares of listed gaming firm Nazara Technologies on Friday. The deal valued each share at  ₹265.85, taking the stake purchase price to ₹93.05 Cr.  Besides Zerodha, Nazara promoter Axana Estates bought 1.48 Cr shares in a bulk deal for ₹392.9 Cr. Axana Estates is a partnership between CaratLane founder Mithun Sacheti and Arpit Khandelwal, founder and managing partner of Plutus Wealth Management.  The shares were o

Listed adtech company Mobavenue AI Tech’s net profit for the March 2026 quarter (Q4 FY26) jumped 60% to ₹8.4 Cr from ₹5.4 Cr in the previous year quarter. On a sequential basis, profit grew 11% from ₹7.61 Cr in Q3 FY26.  Operating revenue surged 42% YoY and 14% QoQ to ₹62.6 Cr. EBITDA for the quarter zoomed 68% YoY to ₹13.3 Cr. Including other income of ₹30 Lakh, the company’s total income for the quarter stood at ₹62.9 Cr. Meanwhile, total total expenses rose 40% YoY to hit ₹51.5 Cr. Its larges

Over the past decade, India’s cloud ecosystem has moved from being an enterprise-led, cost-optimisation layer to becoming a foundational driver of how digital products are built and scaled. What began as a shift away from on-premise infrastructure has evolved into a far deeper architectural transformation, shaped by the rise of digital public infrastructure such as Aadhaar and the Unified Payments Interface (UPI). With platforms like UPI now processing over 19 Bn transactions a month, the demand

On Monday, a customer calls support to flag a billing issue. By Wednesday, they receive a promotional email pushing an upgrade to the very plan they just complained about. Nothing about this is unusual. And that’s precisely the problem. That one customer exists across four different systems: a CRM logging the support interaction, a behavioral profile sitting in a marketing tool, billing data in a warehouse, and app activity that hasn’t synced anywhere else yet. The data exists. But the systems d