RPG Group owned tyre maker CEAT reported a more than two fold jump in net profit to ₹243 crore in Q4 FY26, driven by strong operating performance and growth in its international business. The company’s revenue from operations rose 23.3% year-on-year to ₹4,218 crore during the quarter, supported by a better product mix and steady demand across segments. CEAT’s performance was also aided by the full integration of Camso, strengthening its portfolio and global footprint. On a sequential basis, the company saw profit rise 56%, while revenue remained largely flat with a marginal 1.5% increase. For the full financial year…
Author: Adarsh Kumar
Real estate developer Anant Raj has announced plans to enter the Singapore market by incorporating a wholly owned subsidiary focused on data centres and cloud services, marking its first international expansion. According to a regulatory filing, the new entity will offer co-location and cloud services, including AI-powered solutions, leveraging data centre infrastructure being developed by the company. The Singapore based subsidiary will be 100% owned and controlled by Anant Raj, with an initial share capital of SGD 1,000, through the subscription of 1,000 shares priced at SGD 1 each. The company plans to increase capital post incorporation to support future…
Stock trading platform Sahi has raised $33 million in a Series B funding round led by Accel, with participation from Elevation Capital, valuing the company at around $200 million. Accel Growth contributed approximately $20 million, with the remaining capital coming from existing investors. The round comes within a year of Sahi’s $10.5 million Series A raise, marking a 3X jump in valuation from $60 million. Founded in 2023 by Dale Vaz and Manish Jain, the platform began operations in January 2025 and focuses on performance driven traders, offering futures and options (F&O) and cash trading services. The company plans to…
Nutrition and supplements marketplace HyugaLife has raised ₹100 crore ($10.5 million) in a Series A funding round led by IvyCap Ventures, with participation from First Bridge Fund. The company had earlier secured $6.3 million in seed funding in February 2024 from Peak XV Partners and Spring Marketing Capital, along with backing from Stride Ventures, GetVantage, and cricketer KL Rahul. Founded by Sachin Parikh, Anvi Shah, and Neehar Modi, HyugaLife plans to use the fresh capital to strengthen its AI-led personalisation stack, build a dark store network for faster deliveries, and expand its presence in offline retail. The platform focuses on…
Walmart backed fintech firm PhonePe has crossed 50 million registered merchants on its platform, with its network now covering over 98% of India’s postal codes as of April 28, 2026. The milestone comes amid PhonePe’s continued dominance in the Unified Payments Interface (UPI) ecosystem. In March 2026, the company became the first UPI app to process over 10 billion transactions in a single month, accounting for over 46% of total UPI volumes and more than 49% in value terms, according to National Payments Corporation of India data. PhonePe began its merchant expansion with QR code based payments, aimed at lowering…
Fintech firm One MobiKwik Systems has received approval from the Reserve Bank of India (RBI) for its NBFC licence, marking a key milestone in its transition toward becoming a full-stack financial services platform. The licence will enable the company to launch its in-house lending business through its wholly owned subsidiary MobiKwik Financial Services Private Limited (MFSPL). However, operations will begin only after receiving the Certificate of Registration (CoR) and meeting regulatory conditions. With this move, MobiKwik will be able to originate and underwrite loans directly, reducing its dependence on third-party lending partners. This is expected to improve profit margins, accelerate…
Mobile gaming company Metasports Interactive has secured $20 million in user acquisition (UA) funding from London-based growth financing firm Metica, as it looks to scale its flagship cricket game globally. The funding will be deployed to boost marketing and user acquisition efforts for Hitwicket, the company’s multiplayer cricket game, while also supporting its international expansion strategy. Founded by Kashyap Reddy and Keerti Singh, the company claims that Hitwicket has already built a user base of over 18 million players across 109 countries. As part of the partnership, Metica will also provide its proprietary technology platform, aimed at improving in-game monetisation…
April 2026 has marked a turning point for India’s fintech ecosystem, as the Reserve Bank of India (RBI) rolled out a series of regulatory actions and enforcement measures impacting payments, wallets, cards, and lending startups. The most significant step came on April 24, when the RBI cancelled the licence of Paytm Payments Bank, citing governance and compliance lapses. The regulator has initiated steps to wind up the entity, affecting Paytm’s wallet and merchant settlement ecosystem, although the company maintains that its core business remains unaffected. In digital payments, the RBI has proposed a one-hour delay for UPI and IMPS transactions…
Early stage venture capital firm Capital-A has announced the first close of ₹160 crore for its second fund (Fund II), as it looks to expand investments in deep-tech and industrial innovation sectors. The fund is targeting a base corpus of ₹300 crore, with an additional greenshoe option of ₹100 crore, reflecting strong investor interest in early stage opportunities. The first close was primarily backed by domestic investors, including prominent individuals and family offices such as Srikar Reddy, Siddharth Bafna, Sekhar Boddu, Chamaria Group, Steel House Family Office, Avyay Jhunjhunwala, the family office of Vijayalakshmi Agarbathi Works, and the Anand Rathi…
Sun Pharmaceutical Industries has announced the acquisition of US-based Organon & Co in an all-cash deal valued at $11.75 billion, including debt, marking one of the largest outbound acquisitions by an Indian pharmaceutical company. As part of the transaction, Sun Pharma will acquire all outstanding shares of Organon at $14 per share, representing a premium of over 24% to its last closing price. Organon carried $8.6 billion in debt as of December 31, 2025. The acquisition will significantly strengthen Sun Pharma’s presence in women’s health, providing access to Organon’s portfolio of 70+ products across women’s health and general medicines, with…