Ujjwal Jain, CEO of Share.Market, the stockbroking and wealth platform backed by PhonePe, has stepped down after a four-year stint. Jain announced his departure via LinkedIn, calling it the end of a “decade-long Chapter 1” and hinting at a new beginning. “This is not a goodbye. This is a relaunch,” he said. Jain previously founded WealthDesk and OpenQ in 2016, platforms focused on portfolio investing and quant driven analytics. In May 2022, PhonePe acquired both startups in a deal worth around $75 million, marking its entry into the wealth management space. Following the acquisition, Jain joined PhonePe to lead the…
Author: Adarsh Kumar
Jindal Steel and Power (JSPL) reported a consolidated net profit of ₹1,041 crore in Q4 FY26, marking a sharp turnaround from a ₹304 crore loss in the same quarter last year, driven by record sales and higher revenues. The company’s total income rose 25% year-on-year to ₹16,484 crore during the January–March quarter, compared to ₹13,254 crore in Q4 FY25. On a sequential basis, profit surged fivefold from ₹189 crore in Q3 FY26, reflecting improved operational performance. For the full financial year FY26, JSPL posted a 20% increase in net profit to ₹3,361 crore, while total income grew to ₹53,553 crore,…
Union Rural Development Minister Shivraj Singh Chouhan has launched the fourth phase of the Pradhan Mantri Gram Sadak Yojana (PMGSY-IV) in Odisha, with an estimated outlay of ₹1,700 crore, aimed at boosting rural connectivity across the state. The scheme was rolled out at an event in Barijhola, Rayagada district, and is expected to significantly improve access to remote and underserved regions. Under the first phase of PMGSY-IV implementation in Odisha, 827 road projects have been sanctioned, covering a total length of 1,701.84 km and benefiting 898 villages across districts including Kandhamal, Keonjhar, Khordha, Koraput, Malkangiri, Nabarangpur, Rayagada, and Sambalpur. Chouhan…
AI-driven travel platform ixigo has launched native travel apps within ChatGPT, enabling users to plan and explore trips through a conversational interface. The integration brings ixigo’s platforms ixigo Flights & Hotels, AbhiBus, and ConfirmTkt directly into ChatGPT, allowing users to search, compare, and plan travel across flights, trains, buses, and hotels in real time. Users can access real time pricing, availability, and fare insights, along with features such as nearby date comparisons for lower fares. The platform also introduces live flight tracking, enabling users to check updates like boarding gates, baggage belts, and check-in counters. For bookings, users are redirected…
CARS24 co-founder and COO Mehul Agrawal has stepped down from his operating role after more than a decade, marking a significant leadership change at the company. Agrawal confirmed the development in a LinkedIn post, stating that he will continue as a board member, though he did not disclose his next move. The exit comes amid a broader wave of senior level changes at the company. Earlier, co-founder Gajendra Jangid stepped back from day-to-day operations, although the company clarified that he remains involved in brand and product initiatives, including Crashfree. In recent months, the company has also seen key executive departures,…
Digital lending platform Kissht, operated by OnEMI Technology Solutions, has raised ₹278 crore ($30 million) from 22 anchor investors at the upper price band of ₹171 per share, ahead of its IPO opening on April 30. The company allotted 1.62 crore equity shares to anchor investors, with 57% of the allocation going to domestic mutual funds, which invested ₹158.32 crore across multiple schemes. Key participants in the anchor round include domestic institutions such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, WhiteOak Capital, Bandhan Mutual Fund, Quant Mutual Fund, Tata Mutual Fund, and Sundaram Mutual Fund, along with global investors…
Early stage VC firm Exfinity Venture Partners has announced a partial exit from its investment in CloudSEK, delivering a 13x multiple on invested capital (MOIC) and an internal rate of return (IRR) of over 40%. The transaction was executed as a secondary sale to existing investors, while Exfinity continues to retain a meaningful stake in the company. Exfinity was the first institutional investor in CloudSEK, backing the cybersecurity startup during its pre-Series A stage. Since then, CloudSEK has evolved into an AI-driven threat intelligence platform, enabling enterprises to proactively manage risks across digital exposure, attack surfaces, and supply chains. The…
AI fintech startup Oolka has raised $14 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Z47. The round also saw participation from Vidit Aatrey and Sanjeev Barnwal in their personal capacity. Founded in 2024 by Utkrishta Kumar, Oolka is building AI-driven financial agents designed to assist users across the entire financial lifecycle from identifying credit issues to offering personalised, actionable solutions. The company aims to move beyond traditional transaction-led financial services by creating a context aware financial system, where AI agents actively guide users in managing their finances. Oolka plans to…
Quick service restaurant chain Wow! Momo is set to raise ₹110 crore ($11.6 million) in debt funding from Anicut Capital, marking its first fundraise of 2026. The company’s board has approved the issuance of 1,100 non-convertible debentures (NCDs) with a face value of ₹10 lakh each, aggregating ₹110 crore. The funding will be raised in three tranches, of which ₹60 crore has already been received, with the remaining expected within six months. The proceeds will be used for refinancing existing debt, general corporate purposes, and growth capital requirements, as the company continues its expansion. Founded in 2008 by Sagar Daryani…
Climate tech startup Prithu has raised ₹10 crore in a seed funding round at a pre-money valuation of ₹30 crore, led by Transition VC. Prior to this, the company had secured ₹38 lakh in an angel round, including support from the Startup India Seed Fund. The fresh capital will be used to expand farmer networks, strengthen its blockchain powered MRV (Measurement, Reporting, and Verification) systems, and secure global carbon credit offtake agreements. Founded in 2024 by Sunny Vaish, Prabal Tomar, and Abhinav Pandey, Prithu is building a full stack carbon removal platform focused on nature based solutions. The startup works…