SaaS firm Capillary Technologies reported a strong performance in Q4 FY26, with revenue rising 26% year-on-year to ₹191 crore, while net profit surged over fourfold to ₹43 crore, aided by a one-time exceptional gain. The company’s revenue from operations increased from ₹152 crore in Q4 FY25, driven largely by its subscription led business model. Subscription income contributed ₹171 crore, accounting for nearly 90% of total operating revenue, while installation and campaign services added ₹20 crore. Including ₹6.7 crore in non-operating income, total income for the quarter stood at ₹198 crore. Founded in 2008 by Aneesh Reddy, Krishna Mehra, and Ajay…
Author: Adarsh Kumar
Outcome based AI-native software delivery startup AI Library has raised $560,000 in a pre-seed funding round at a valuation cap of $7.5 million, as it looks to accelerate the adoption of AI-driven software execution across enterprises. The company said the fresh capital will be deployed towards product development, R&D, and market expansion, with a focus on scaling its agent led software delivery platform across functions such as finance, operations, sales, and customer support. Founded in November 2023 by Arani Chaudhuri, AI Library is building AI-powered “autopilots” for software delivery, enabling organisations to move beyond experimentation with AI towards measurable business…
Quick commerce startup BazaarNow is set to raise around ₹72.3 crore (~$7.8 million) in its Series A funding round led by Peak XV Partners, as it looks to scale operations in India’s fast growing instant delivery market. According to regulatory filings, the company’s board has approved the issuance of 8,123 compulsorily convertible preference shares (CCPS) at a price of ₹88,851.94 each to raise the planned capital. Peak XV Partners will lead the round with an investment of ₹53.92 crore, while existing backers Whiteboard Capital and Antler will contribute ₹7.2 crore and ₹7 crore respectively. Additional participation is expected from Nirman…
The National Company Law Appellate Tribunal (NCLAT) has set aside a ₹301.6 crore penalty imposed on Grasim Industries by the Competition Commission of India (CCI), directing the regulator to conduct a fresh hearing in the case related to alleged abuse of dominance in the viscose staple fibre (VSF) market. The tribunal observed that the CCI had failed to provide Grasim an adequate opportunity to present its arguments, particularly after it differed from the findings of its investigative arm, the Director General (DG). It noted that in situations where the Commission disagrees with the DG’s conclusions, the affected party must be…
Fabless semiconductor startup BigEndian Semiconductors has raised $6 million in a pre-Series A funding round led by IAN Alpha Fund, with participation from existing investors Vertex Ventures SEA and India, IvyCap Ventures, and strategic angel investors. The round comes less than a year after the company raised $3 million in seed funding in August 2024, signalling continued investor confidence in its deep-tech ambitions. The fresh capital will be used to commercialise its first system-on-chip (SoC), scale product engineering, and strengthen partnerships across foundries, IP ecosystems, and OEMs. This marks a critical step as the company transitions from design to real…
Nasdaq listed SaaS firm Freshworks has laid off around 500 employees, or nearly 11% of its global workforce, as it restructures operations amid the growing adoption of artificial intelligence across the software industry. The layoffs, which will impact teams globally, are expected to result in one-time restructuring costs of approximately $8 million. As of December 31, 2025, the company had around 4,500 employees. CEO Dennis Woodside said the decision was partly driven by the company’s increasing reliance on AI in product development and internal workflows. According to him, more than half of Freshworks’ code is now generated using AI tools,…
The real estate sector has long been dominated by fragmented experiences, delayed decision making, and heavy reliance on brokers. Emerging platforms have attempted to digitise the journey, but most still operate as lead generators rather than true end-to-end solutions. Dooritt is positioning itself differently by building a complete, technology driven real estate experience powered by artificial intelligence, virtual reality, and augmented reality. At the core of Dooritt’s proposition is its ability to compress the property discovery cycle dramatically. What traditionally takes three to six months researching builders, comparing properties, and evaluating localities can now be achieved in about a week…
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…
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…