Indian travel-fintech startup Scapia has raised $63 million in a fresh funding round led by General Catalyst, as the company looks to strengthen its position in India’s rapidly expanding travel and digital payments ecosystem. The latest round also saw participation from existing investors Peak XV Partners and Z47. The funding comes less than a year after Scapia raised $40 million in its Series B financing round in April 2025, which was led by Peak XV Partners with participation from Elevation Capital, Z47 and 3State Ventures. Industry analysts believe the latest investment highlights growing investor confidence in startups operating at the…
Author: Adarsh Kumar
India’s investment culture is undergoing a historic transformation as millions of households increasingly move away from traditional assets such as gold and real estate and channel their savings into financial markets. According to a new research paper authored by officials from the Securities and Exchange Board of India (Sebi), Indian households invested a record ₹6.91 lakh crore into securities markets during FY25. The figure represents one of the sharpest increases ever recorded in household financial participation and highlights the growing financialisation of savings in India. The investment amount almost doubled compared to ₹3.58 lakh crore in FY24 and was significantly…
NODWIN Gaming, the esports and youth media platform backed by Nazara Technologies, is planning to raise between $100 million and $200 million through a mix of primary and secondary funding as it prepares for a public listing. Speaking during Nazara Technologies’ Q4 FY26 earnings call, NODWIN founder Akshat Rathee said the company aims to launch its IPO “as soon as possible.” Nazara Technologies had first acquired a majority stake in NODWIN Gaming in 2018 and gradually increased its holding over the years. However, following stake dilution during FY26, NODWIN was deconsolidated from Nazara’s financial books, with Nazara currently holding around…
Moglix has appointed former Symphony Group CEO Amit Kumar as its Managing Director and Chief Business Officer. Kumar joins Moglix’s central leadership team with the responsibility of building and scaling the company’s emerging business verticals and new growth opportunities. He brings more than two decades of experience across business leadership, enterprise transformation, management consulting, and industrial operations. Prior to joining Moglix, Kumar served as Group CEO and Executive Director at Symphony for nearly five years, where he led the company’s overall profit and loss growth, supply chain restructuring, and large-scale digital transformation initiatives. Before Symphony, he held senior leadership and…
Hyderabad-based fintech startup Kalpi has raised ₹3.75 crore in a seed funding round from Rainmatter Capital as it looks to expand its rule-based investing platform for retail and institutional investors. The fresh capital will be used to strengthen the company’s team, acquire datasets, improve product capabilities, and scale distribution across both retail and institutional segments. Founded in 2025 by Ashwar Gupta, Kalpi is building a systematic investing platform that enables users to build, backtest, automate, and execute quantitative investment strategies across equities, ETFs, and mutual funds. The startup currently operates two separate products: Kalpi.ai for retail investors and KalpiQuant.com for…
Unacademy co-founder and Test Prep business CEO Sumit Jain is stepping down from his full-time operating role at the company, with June 30 set to be his final day in an executive capacity. The development was announced by Unacademy CEO Gaurav Munjal through an internal email sent to employees. Jain will continue to remain associated with the company in an advisory role. According to the internal communication reviewed by Entrackr, Munjal credited Jain with building some of Unacademy Group’s key businesses, including creator platform Graphy and the company’s offline coaching vertical. Munjal noted that Jain played a significant role in…
Former Kadensa Capital portfolio manager Kyle Su has launched a new hedge fund named Kuark Capital with a target corpus of $400 million. According to reports, the Hong Kong-based fund will focus on technology and artificial intelligence companies across Asia, with a particular emphasis on markets such as Taiwan and Japan. Kuark Capital plans to follow a long-short investment strategy, allowing it to take both bullish and bearish positions in listed companies while maintaining relatively low overall market exposure. The fund has also appointed Hiro Ikeda, former executive at Optimas Capital, as Director of Research. Kuark Capital aims to identify…
Agri-finance startup ONO has raised $1.2 million in a pre-Series A funding round led by Aeravti Ventures. The round also witnessed participation from angel investors and Tremis Capital. This marks Aeravti Ventures’ second investment in ONO after previously leading the startup’s seed funding round. According to the company, the fresh capital will be used to strengthen its technology platform, expand into newer markets, and deepen its lending infrastructure focused on agriculture SMEs. Founded by Rama Rao Kancharapu and David Pokuri, ONO operates a data and AI-driven platform focused on post harvest agriculture supply chains and financing solutions for agri businesses.…
Global software giant Salesforce consumed more than 12 trillion AI tokens last year as it rapidly expanded agentic AI use cases across its operations, according to the company’s Chief Digital Evangelist Vala Afshar. Afshar said the company’s AI usage is accelerating so quickly that the total token consumption recorded in the previous year could be surpassed within just the first two months of this year. Despite the rapid rise of artificial intelligence adoption, Afshar emphasized that AI is unlikely to replace humans entirely. Instead, he described AI agents as tools designed to eliminate repetitive and low-impact work, allowing employees to…
IndusInd Nippon Life Insurance reported a 15.12% rise in profit after tax to ₹248 crore for FY26, supported by strong growth in new business premium and steady customer retention. The insurer had posted a net profit of ₹215.43 crore in the previous financial year. According to the company, its new business premium (NBP) increased 18.5% year-on-year to ₹1,475 crore during FY26, while total premium collections grew 5.95% to ₹6,051 crore. The company’s assets under management (AUM) also recorded growth, rising 3.85% to ₹40,214 crore during the fiscal year. Commenting on the performance, Ashish Vohra, Executive Director and CEO, said the…