Variety India, the world’s leading entertainment industry publication, has officially rolled out its India edition. The company had first announced plans for its India launch in the final quarter of 2025, marking a major expansion of its global footprint. To commemorate this event, the first cover features the who’s who of the Indian film industry – Aamir Khan, Ajay Devgn, Akshay Kumar, and Salman Khan. Sarita Tanwar, Editor-in-Chief of Variety India, shares her views on the occasion, “The launch of the first edition of Variety India is a very special occasion for all of us who track the trends and…
Author: Adarsh Kumar
Market intelligence startup Mindcase has raised ₹1.5 crore in a pre-seed funding round led by early stage venture capital firm AJVC, as it looks to scale its AI-driven intelligence platform and expand globally. The fresh capital will be used to scale Mindcase’s self-serve SaaS platform, deepen its data and intelligence coverage across new domains, and accelerate global go-to-market efforts, the company said in a statement. Building AI-Native Market Intelligence Founded by IIM Ahmedabad alumni Kritish Puri and Saurabh Shubham, Gurugram-based Mindcase leverages hundreds of proprietary AI agents and automated workflows to convert unstructured market and consumer data into actionable, decision…
Reliance Industries–backed Jio Studios has acquired a 50.1% stake in award winning production house Sikhya Entertainment for ₹150 crore, marking a strategic push to strengthen its presence in creator-led and globally recognised cinema. The investment has been executed through Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries, via a mix of primary and secondary transactions. Strengthening Premium Content Play Founded by producers Guneet Monga Kapoor and Achin Jain, Sikhya Entertainment has carved a distinct position in Indian cinema with its focus on independent, story-driven films that have achieved both critical acclaim and global visibility. Sikhya…
Co-working solutions provider Awfis delivered steady growth and higher profitability in the third quarter of FY26, supported by strong demand for flexible workspaces and a rise in ancillary income. According to financial statements filed with the National Stock Exchange (NSE), Awfis’ revenue from operations increased 20% year-on-year to ₹382 crore in Q3 FY26, compared with ₹318 crore in the year-ago quarter. Including other income of ₹29 crore, the company’s total income stood at ₹411 crore for the quarter. Segment Performance Revenue from co-working spaces remained the core growth driver, contributing 84% of operating revenue. For the nine months ended December…
Real estate developer Mahindra Lifespace Developers reported a net profit of ₹108.88 crore in Q3 FY26, reversing a loss of ₹22.49 crore recorded in the same quarter last year, supported by residential project completions and strong momentum in its industrial parks business. The company said profits during the quarter were driven by higher residential revenues, following the completion of three housing projects, and increased income from its Integrated Cities & Industrial Clusters (IC&IC) segment. Revenue is recognised using the project completion method. Revenue Growth Accelerates For the quarter ended December 2025, revenue from operations surged 174.48% year-on-year to ₹459.16 crore.…
Electric two-wheeler maker Ather Energy reported a strong operational performance in the third quarter of FY26, delivering sharp revenue growth while significantly reducing losses on the back of scale and cost discipline. According to the company’s quarterly filing with the National Stock Exchange (NSE), revenue from operations rose 50% year-on-year to ₹954 crore in Q3 FY26, compared with ₹635 crore in Q3 FY25. Nine-Month Performance For the nine months ended December 2025, Ather’s operating revenue stood at ₹2,497 crore, up from ₹1,579 crore in the corresponding period last year. During this period, the company sold 1,79,525 electric two-wheelers, underscoring continued…
India’s digital payments infrastructure continued its steady expansion in January 2026, with Unified Payments Interface (UPI) processing a record 21.7 billion transactions during the month, marginally higher than 21.63 billion transactions recorded in December 2025, according to data released by National Payments Corporation of India (NPCI). On a year-on-year basis, UPI transaction volumes rose 28% in January, while transaction value increased 21% YoY. In value terms, UPI transactions stood at ₹28.33 lakh crore, up from ₹27.97 lakh crore in December. The platform handled an average of nearly 700 million transactions per day, compared with 698 million daily transactions in the…
Peak XV-backed D2C luggage and travel accessories brand Mokobara continued its rapid scale-up in FY25, nearly doubling its operating revenue year-on-year, even as higher marketing and expansion costs pushed losses wider. According to financial statements sourced from the Registrar of Companies (RoC), Mokobara’s operating revenue jumped 97% to ₹230 crore in FY25 from ₹117 crore in FY24. Over a two-year period, the company has grown more than fourfold, with revenue rising sharply from ₹53 crore in FY23. Core luggage business drives scale Mokobara generates its revenue primarily through the sale of luggage, backpacks, and travel accessories across its online channels…
Wealthtech platform Dezerv continued its rapid scale up in FY25, delivering another year of strong topline growth. However, the aggressive expansion came at a cost, with losses widening sharply and employee expenses crossing the ₹100 crore mark. According to its consolidated financial statements filed with the Registrar of Companies (RoC), Dezerv’s revenue from operations grew 2.5X to ₹66 crore in FY25, up from ₹26 crore in FY24. This followed a similar growth trajectory in the previous year, underlining the platform’s push to scale its wealth management offering among affluent professionals. Founded to serve top-tier salaried individuals and high-net-worth clients, Dezerv…
Delhivery reported a strong operational quarter in Q3 FY26, with revenue growth and tighter cost control driving a sharp rise in profitability. The logistics major posted a 59% year-on-year jump in profit to ₹40 crore, marking its second consecutive profitable quarter. According to its unaudited financial results filed with the National Stock Exchange, Delhivery’s revenue from operations grew 18% to ₹2,805 crore in the December quarter, up from ₹2,378 crore in Q3 FY25. Including non-operating income of ₹77 crore, the company’s total revenue stood at ₹2,882 crore during the period. Delhivery’s core logistics services spanning warehousing, freight forwarding, last mile…