MeMeraki, India’s largest culture-tech platform enabling technology-led market access for traditional Indian arts and crafts, has secured a ₹1 crore investment from four Sharks on Shark Tank India. The deal saw participation from Varun Alagh, Namita Thapar, Kunal Bahl, and Viraj Bahl, marking a rare multi-Shark endorsement for a heritage focused, impact driven startup. Founder and CEO Yosha Gupta entered the Tank seeking ₹50 lakh for 1.67% equity. Following strong interest from the panel, the Sharks collectively closed a ₹1 crore deal for 4% equity, valuing the company at ₹25 crore post-money. The investment signals confidence in MeMeraki’s ability to…
Author: Adarsh Kumar
Study abroad platform Leverage Edu delivered strong top line growth in FY25, but rising marketing and commission costs pushed its losses beyond ₹100 crore. The Delhi-based edtech startup reported a 91% year-on-year surge in operating revenue to ₹173 crore in the fiscal year ended March 2025, up from ₹90.6 crore in FY24, according to filings with the Registrar of Companies (RoC). However, rapid expansion came at a cost. Net loss widened 56% to ₹106 crore in FY25 from ₹68 crore in FY24. Revenue Mix Shifts as Financial Services Scales Founded in 2017 by Akshay Chaturvedi, Leverage Edu offers counselling, admissions…
Online travel platform ixigo has approved the acquisition of a 60% stake in Spain-based online rail ticketing company Trenes for a total investment of approximately ₹125 crore. The move marks ixigo’s first major international acquisition and its formal entry into the European rail travel market. Upon completion of the transaction, Trenes will become a step-down subsidiary of ixigo. The company also retains the option to acquire the remaining stake in the future. Founded in 2013, Trenes operates across Spain and Southern Europe and is integrated with key Spanish and European rail operators, enabling seamless multi-operator train bookings. Spain’s rail network…
Ola Electric reported a sharp 55% year-on-year decline in revenue for the third quarter of FY26, reflecting continued pressure on its electric two-wheeler business. Despite the steep drop in topline, the Bengaluru-based EV maker managed to trim its losses by 14% during the quarter through tighter cost controls. According to its consolidated financial statements filed with the National Stock Exchange (NSE), Ola Electric’s revenue from operations fell to ₹470 crore in Q3 FY26, compared to ₹1,045 crore in Q3 FY25. Including other income from battery and automobile related activities, total revenue stood at ₹504 crore, down from ₹1,172 crore in…
Jewellery startup GIVA continued its rapid growth trajectory in FY25, reporting an 89% year-on-year surge in revenue to ₹518 crore, compared to ₹274 crore in FY24. The strong topline expansion follows a 66% growth in the previous fiscal. However, the company’s losses widened 22% during the year as it accelerated its offline expansion and brand building efforts. According to filings with the Registrar of Companies (RoC), GIVA’s total income stood at ₹523 crore in FY25. The Bengaluru-based brand generates revenue through the sale of jewellery across its omnichannel network, with nearly equal contribution from online and offline channels. Offline Push…
EverBrands, the India operator of global food chains Subway and Lavazza, has secured $15 million in a fresh funding round led by Playbook Partners. The investment will accelerate the company’s multi-brand food and beverage expansion strategy across urban India. The capital infusion comes at a milestone moment for Subway India, which recently crossed the 1,000-store mark nationwide. Over the past three years, the brand has expanded aggressively, adding stores at an average pace of nearly two outlets per week signaling sustained demand in India’s quick service restaurant (QSR) market. Expansion Across QSR and Café Formats EverBrands operates Subway in India…
Uber India’s ride hailing business reported a sharp deterioration in profitability in FY25, with segment losses rising over fourfold to ₹1,407 crore, even as gross commission revenue remained flat during the year. According to its consolidated financial statements for the year ended March 31, 2025, gross revenue from ride commissions stood steady at ₹2,604 crore. However, net revenue from ride hailing plunged 89% to ₹88 crore in FY25 from ₹807 crore in FY24. Incentives Erode Reported Revenue The divergence between stable gross commissions and collapsing net revenue reflects a significant rise in driver incentives and rider discounts. Uber increased spending…
Omnichannel grocery startup Elixiir Foods has secured $9 million in seed funding led by 3one4 Capital, with participation from Incubate Fund Asia. The investment will power the company’s entry into India’s fast growing fresh grocery and private label retail market. Founded by Arvind Mediratta and Ambuj Narayan, Elixiir Foods is building a farm integrated, technology driven grocery platform that combines direct sourcing, private labels, and a centralised wholesale backbone. The startup aims to streamline fragmented supply chains while improving quality, traceability, and margins across the fresh food ecosystem. Funding Use and Growth Strategy The company plans to deploy the fresh…
Honasa Consumer Limited, the parent company of Mamaearth and other personal care brands, reported a steady performance in the third quarter of FY26, with revenue growth supported by improved profitability and disciplined spending. The Gurugram based FMCG firm recorded revenue from operations of ₹602 crore in Q3 FY26, marking a 16.2% year-on-year increase from ₹518 crore in Q3 FY25, according to filings with the National Stock Exchange (NSE). Including ₹21 crore in non-operating income, total revenue stood at ₹622 crore during the quarter. Nine-Month Performance Remains Strong For the nine months ended December 2025, Honasa’s operating revenue rose 13.2% to…
Founded in 2017, Dolphy has rapidly positioned itself as one of India’s fastest growing brands in the hospitality OS&E (Operational Supplies & Equipment) and commercial washroom automation solutions segment. In less than a decade, the company has built a strong presence across India, Australia, New Zealand, the Middle East, Nepal, Bhutan, and major Asian markets, serving premium hotels, large infrastructure projects, and Top MNC clients. With 35+ offices and a network of 450+ sales and service professionals, Dolphy combines scale, design innovation, and operational efficiency to deliver high performance solutions tailored for modern hospitality and commercial environments. Complete One-Stop OS&E…