Digital lending platform Kissht, operated by OnEMI Technology Solutions, saw its initial public offering (IPO) subscribed over 9 times by the close of bidding, reflecting strong investor appetite led by institutional participation. The Qualified Institutional Buyers (QIB) segment was subscribed 24.9 times, emerging as the key driver of demand. The Non-Institutional Investors (NII) category saw a 6.5x subscription, while the retail portion remained relatively subdued at 1.83x. The IPO, which was open for subscription between April 30 and May 5, was priced in the range of ₹162–₹171 per share, with a minimum investment requirement of ₹14,094 for a lot size…
Author: Adarsh Kumar
SoftBank backed Netradyne has acquired Moove Connected Mobility, strengthening its footprint in Europe as it scales its AI-powered fleet safety and analytics business globally. The company did not disclose the financial details of the transaction. The acquisition brings together Netradyne’s edge intelligence platform with Moove’s established local operations and enterprise customer base across key European markets. Following the deal, Moove will be integrated into Netradyne Europe, serving as a central hub for regional sales, partnerships, and customer engagement. Netradyne co-founder and CEO Avneesh Agrawal described Europe as a critical growth market, adding that the deal reflects the company’s commitment to…
AI startup Krutrim, founded by Bhavish Aggarwal, has pivoted its business model towards AI cloud services, reporting around ₹300 crore in revenue for FY26, nearly three times higher than the previous year. The company has stepped back from its earlier ambitions of building its own large language models and semiconductor chips, and is instead focusing on AI infrastructure, including cloud-based compute and enterprise tools. This strategic shift appears to be yielding results, with Krutrim indicating that it has turned profitable and is now operating with improved capital efficiency. It also stated that it does not require immediate external funding. Krutrim…
Amazon has opened its end-to-end logistics network, Amazon Transport Services, to third-party businesses, marking a significant shift in its strategy as it monetises its supply chain infrastructure beyond its own marketplace. The move allows any business to use Amazon’s logistics stack including freight, warehousing, fulfillment, and last-mile delivery even if they do not sell on the platform. In effect, Amazon is positioning its logistics capabilities as a standalone service offering, similar to how it scaled Amazon Web Services from internal infrastructure into a global business. This expansion puts Amazon in direct competition with global logistics players such as FedEx and…
Cashback and affiliate commerce platform CashKaro reported a strong financial performance in FY26, with revenue rising 72% year-on-year to ₹600 crore, up from ₹348 crore in FY25. The company, along with its sister platform EarnKaro, facilitated over ₹10,000 crore in gross merchandise value (GMV) for partner brands during the year, compared to ₹6,000 crore in the previous fiscal, highlighting strong traction in affiliate-led commerce. Despite continued investments in technology and ecosystem expansion, CashKaro managed to improve its profitability metrics. Its EBITDA loss narrowed to ₹17.7 crore in FY26, down from ₹29.2 crore in FY25, reflecting better unit economics and operating…
API driven telephony infrastructure startup Vobiz.ai has raised $1 million in a seed funding round led by Piper Serica VC Fund, as it looks to build a next generation communication layer for AI-powered voice applications. The company said the fresh capital will be used to strengthen its engineering capabilities and scale go-to-market efforts, as demand for AI-native communication infrastructure continues to rise. Founded in 2025 by Suman Gandham and Vikash Srivastava, Vobiz.ai is building low latency, secure voice infrastructure designed specifically for AI voice agents. The platform aims to address key limitations of traditional telephony systems, which often struggle with…
Biocon founder and chairperson Kiran Mazumdar Shaw has outlined a gradual leadership transition plan, naming her niece Claire Mazumdar as her successor, with a phased handover expected over the next five years. Mazumdar Shaw clarified that she does not plan an immediate exit but intends to oversee a structured transition, where Claire will move step-by-step from a board level role to vice-chair and eventually chairperson. Claire Mazumdar currently serves as the founding CEO of Bicara Therapeutics, an oncology focused biotech firm incubated with early backing from Mazumdar Shaw. Her experience spans biotech strategy, company building, and partnerships, having previously worked…
Instagram has expanded its original content policy to include photos and carousel posts, extending rules that were earlier limited to reels, as the platform sharpens its focus on promoting authentic creators. The update means that creators producing original photos, videos, and edited content reflecting their own perspective are more likely to receive greater visibility in recommendations. On the other hand, content that is reposted without meaningful changes may see reduced reach and could become ineligible for discovery among users who do not already follow the account. Instagram clarified that creators can still use third-party material, such as memes or trending…
Indian investments in the United States have reached approximately $16.4 billion, supporting around 70,800 jobs, according to a senior US official, highlighting the growing economic ties between the two countries. Speaking at a CII India Reception on the sidelines of the SelectUSA Investment Summit in Maryland, Brandon Remington, Deputy Undersecretary at the US Department of Commerce, said Indian companies are playing an increasingly important role in the US economy. He noted that Indian firms have also contributed about $330 million in research and development (R&D) spending and generated around $1.5 billion in exports, reflecting a broader impact beyond direct investments.…
New Delhi | March 2026 For millions of Indians stepping into the world of investing, the journey often begins with uncertainty and sometimes, costly mistakes. For Deshna Jain, that experience wasn’t just frustrating; it became the foundation for building a solution. MyFinPortfolio, her fintech venture, is designed to address one of India’s most overlooked gaps: access to unbiased, affordable investment advice. A Personal Problem, A National Gap Deshna’s entry into investing mirrors that of many young professionals. With steady income and ambition, she sought financial advice only to realise that most recommendations were driven by commissions rather than client outcomes.…