Walmart backed fintech giant PhonePe continued to dominate India’s Unified Payments Interface (UPI) ecosystem in January, processing 9.91 billion transactions during the month. The company accounted for 45.7% of total UPI transaction volume and 48.6% of total transaction value, reinforcing its leadership in the digital payments market. According to data released by the National Payments Corporation of India, the UPI network processed 21.7 billion transactions worth Rs 28,33,481 crore in January, marginally higher than December’s 21.63 billion transactions, indicating continued strength in India’s digital payments growth trajectory. Google Pay Holds Second Position, Paytm Third Google Pay retained its position as…
Author: Adarsh Kumar
NASDAQ-listed SaaS firm Freshworks delivered a strong close to calendar year 2025, reporting $223 million in revenue for Q4 CY25, up 15% year-on-year from $195 million in the same quarter last year. The company also achieved a key milestone by posting a GAAP operating profit, signaling sustained margin improvement. On a sequential basis, revenue rose 4% from $215 million in Q3 CY25, reflecting steady demand across its customer engagement and IT service management solutions. Turns GAAP Profitable at Operating Level Freshworks reported GAAP operating income of $40 million in Q4 CY25, compared to an operating loss of $24 million in…
Fashion supply chain platform Showroom B2B has raised ₹150 crore (approximately $17 million) in a Series A funding round led by Cactus Partners, as it looks to deepen its technology-led sourcing and manufacturing capabilities across India. The round, comprising a mix of equity and debt, also saw participation from new investor Zephyr Peacock and existing backers Jungle Ventures, Accion Venture Lab, and NBD Ventures. The Gurugram based startup had previously secured $6.5 million in a pre-Series A round in October 2023, led by Jungle Ventures. Capital to Strengthen Tech-Enabled Sourcing Infrastructure The fresh funds will be deployed to expand Showroom…
Petcare startup Supertails has raised $30 million in a fresh funding round led by Venturi Partners, as the company accelerates its push to build a full-stack, technology-led petcare ecosystem in India. The round also saw participation from Nippon India Alternative Investments, Titan Capital Winners Fund, and existing backers including Fireside Ventures, RPSG Capital Ventures, Sauce VC, and Saama Capital. Expansion Across Clinics, At-Home Care and Fulfilment The fresh capital will be deployed to expand Supertails’ veterinary clinic network, scale its at home petcare services, strengthen fulfilment and logistics infrastructure, and enhance personalisation across its digital platform as it deepens presence…
Adani Energy Solutions Ltd has secured a $750 million long-term loan led by major Japanese lenders, underscoring growing foreign interest particularly from Japan in India’s infrastructure and clean energy ecosystem. The dollar-denominated facility carries a five year tenor and is priced at roughly 200 basis points over the Secured Overnight Financing Rate (SOFR), according to people familiar with the transaction. The funding was led by Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp, as per a company release. Funding to Back Flagship Green Transmission Project The proceeds from the loan will be used to fund Adani Energy’s high voltage…
Adani Energy Solutions Ltd (AESL) has secured long-term financing from a consortium of Japanese banks for its flagship high voltage direct current (HVDC) transmission project, marking a significant step in strengthening India’s green energy infrastructure. The project is being developed as a dedicated green power evacuation corridor, aimed at transporting renewable energy generated in western India to high-demand regions in the north. High-Capacity HVDC Link to Evacuate Renewable Power The ±800 kV HVDC corridor will have an evacuation capacity of 6,000 megawatts (MW) and will span nearly 950 kilometres, connecting Bhadla in Rajasthan one of India’s most solar rich regions…
Global rating agency Moody’s Ratings has projected India’s GDP to grow 6.4% in FY27, positioning the country as the fastest growing major economy among the G20 nations. The outlook is underpinned by strong domestic consumption, supportive policy measures, and a resilient banking system. The projection was outlined in Moody’s latest banking system outlook report, which highlighted India’s macroeconomic stability despite pockets of stress in specific borrower segments. Consumption and Policy Reforms to Drive Growth According to Moody’s, India’s growth momentum will be sustained by robust household consumption and recent policy interventions aimed at improving affordability. The agency pointed to the…
Mumbai based Dream Sports, the parent company of fantasy gaming platform Dream11, reported a net loss of ₹479 crore in FY25, marking a rare setback for the company after years of profitability. The loss was largely driven by one-time tax expenses linked to its domicile restructuring and director-related benefit costs, even as the company’s operating scale declined during the year. Revenue Declines as Operating Scale Contracts Dream Sports’ revenue from operations fell 15% year-on-year to ₹6,759 crore in FY25, down from ₹7,934 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Platform fees…
Bengaluru-based biotech startup Pandorum Technologies has raised $18 million (around ₹150 crore) in a Series B funding round, led by Protons Corporate, as it accelerates its push into global clinical and commercial markets. The round saw participation from Galentic Pharma, investor Ashish Kacholia, Noblevast Advisory, Avinya Fund, and members of the Burman Family, among others. Two-Tranche Round Values Company at ₹822 Cr The Series B round was completed in two tranches, with the first closed in November and the second in December. Following the fundraise, Pandorum is valued at approximately ₹822 crore ($91 million) on a post-money basis, according to…
Mumbai’s property market began 2026 on a strong revenue note, with stamp duty collections crossing ₹1,012 crore in January, marking the highest January tally in the past 14 years, according to data released by Knight Frank India. Despite a moderation in transaction volumes, the surge in collections underscores a clear shift towards higher-value property purchases, signalling sustained end-user confidence in India’s largest real estate market. Property Registrations Dip, Revenue Holds Firm Under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, the city recorded 11,219 property registrations in January 2026. While this represents an 8% year-on-year decline compared to January 2025, it still…