News 

Recently launched live entertainment discovery and ticketing platform thumpN has raised over $3.75 Mn (₹35.7 Cr) in its Pre-Seed funding round from a host of investors, including Paytm founder Vijay Shekhar Sharma’s family office VSS Investco, Paytm CFO Madhur Deora, Hyperlink Brand Solutions’ founder VG Jairam and Capitalmind cofounder Shray Chandra. Singers Arijit Singh, Sunidhi Chauhan and Bads

Anjali Jain · 7 Jul 2026

Shares of Swiggy surged over 7% during the intraday trading on the BSE today after the foodtech major said that the aggregate foreign investment in the company has fallen below the 50% mark. In an exchange filing, Swiggy said aggregate foreign investment, including foreign portfolio investment (FPI), foreign direct investment (FDI) and other indirect foreign holdings, stood at 49.76% of its paid-u

Shrishti Bisht · 7 Jul 2026

Months after it launched its first OptoSAR satellite under ‘Mission Drishti’, spacetech startup GalaxEye said it lost communication with the spacecraft after an anomaly linked to a geomagnetic solar storm. The development marked a setback for the Bengaluru-based startup which is seeking to establish in-orbit credibility in the Earth observation segment. Mission Drishti is an Earth observation miss

Palak Sharma · 7 Jul 2026

Industrial packaging startup Econovus Packaging has raised ₹40 Cr (about $4.2 Mn) in its maiden institutional funding round. The pre-Series A funding round led by Rainmatter by Zerodha, with participation from Rockstud Capital.  The fresh capital will help the B2B packaging startup expand its presence into high-growth sectors like automotive, lithium-ion batteries, solar infrastructure, steel and

Shrishti Bisht · 7 Jul 2026

Amid plans to bolster international presence, audio OTT soonicorn Pocket FM has onboarded ex-Bank of America director Abhilash Padival as its new chief financial officer (CFO). Padival is succeeding Anurag Sharma, who resigned from his position back in May. Pocket FM said Padival would oversee its global finance organisation, including financial strategy, capital allocation, business planning, inv

Palak Sharma · 7 Jul 2026

Bengaluru-based robotic startup Mowito has secured $3 Mn (almost ₹28.6 Cr) in a pre-seed funding round led by Version One Ventures, with participation from All In Capital, Unisol and iSeed. Angel investors including Thinking Machines Lab CTO Soumith Chintala, Foundry Robotics founder and CEO Adarsh Kulkarni, Coformer.ai cofounder and chief executive Ashish Kulkarni, and Better Capital founder and

Anne Florentyna · 7 Jul 2026

Gurugram-based mental wellness platform Lissun is in talks with Colossa Ventures to raise around ₹45 Cr ($4.7 Mn) in its Series A funding round, sources told Inc42. The Mumbai-based VC firm will lead the round, with participation from Lissun’s existing investors, including Rainmatter, IPV, RPSG, among others, the sources said.  The discussions are at an advanced stage and the startup would be valu

Debarghya Sil · 7 Jul 2026

Fresh produce startup Origin Fresh is in talks to raise $10 Mn in a Series A funding round from a clutch of investors as it looks to deepen its supply chain, expand its retail footprint, and bring premium fruits and vegetables to Indian consumers, founder and CEO Prashanth Vasan said. The startup had previously raised $3.5 Mn across its seed and pre-Series A funding rounds led by Aeravti Ventures,

Anjali Jain · 7 Jul 2026

The Competition Commission of India (CCI) has approved edtech major upGrad’s proposed acquisition of Unacademy. The competition watchdog approved the proposed combination under Section 31(1) of the Competition Act, 2002, at a meeting held on the same day. upGrad had announced the acquisition of Unacademy in April this year, marking its entry into the premium higher education and global admissions

Lokesh Choudhary · 7 Jul 2026

Shashvat Nakrani, cofounder and former COO of BharatPe, is in talks to join Dubai-based luxury ecommerce platform Luxury For You as its cofounder and CEO, sources told Inc42.  Nakrani will lead the operations of Luxury For You if he joins the startup. The platform is currently in talks to raise a fresh round of funding, the sources said.  Questions sent to Luxury For You and Shashvat Nakrani didn’

Debarghya Sil · 7 Jul 2026

Update | Jul 7, 2026, 21:42 IST Days after reports on Instagram ads that allegedly promoted child sexual abuse material surfaced, parent Meta denied allegations that its system deliberately showed the ads to users.  “It is categorically inaccurate to suggest that we’d knowingly and deliberately target ads featuring children to people based on an inappropriate interest in children. Quite the opposi

Gaurav Bagur · 7 Jul 2026

Listed dronetech company ideaForge has opened its qualified institutional placement (QIP) today (July 7) to raise fresh capital. The fundraising committee approved a floor price of ₹835.86 per equity share, a slight discount from its closing price of ₹838 today. The company said it may offer a discount of up to 5% on the floor price, subject to shareholder approval already received. In its QIP p

Lokesh Choudhary · 7 Jul 2026