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…
Author: Adarsh Kumar
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…
State Bank of India (SBI) on Saturday launched CHAKRA, a dedicated Centre of Excellence aimed at financing India’s fast emerging sunrise sectors, including renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centre infrastructure. According to SBI, these sectors together hold an estimated economic output potential of nearly ₹100 trillion over the next five years, underlining their importance to India’s long-term growth and industrial transformation. Speaking at the launch, C S Setty, Chairman of SBI, said the bank has identified a lendable opportunity of around ₹20–22 trillion across these sunrise sectors…
Haryana-based real estate developer Eldeco Infrastructure and Properties has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO), according to regulatory observations issued by the market watchdog. The proposed IPO will comprise a fresh issue of equity shares worth ₹800 crore, along with an offer for sale (OFS) of up to ₹200 crore by the promoters, taking the total issue size to ₹1,000 crore. Proceeds from the fresh issue are expected to be used to strengthen the company’s balance sheet, fund ongoing and future real estate projects, and support general…
Google India reported a largely flat standalone profit of ₹1,436.9 crore in FY25, even as operating revenue declined and costs rose, according to regulatory filings analysed by market intelligence firm Tofler. The profit after tax was marginally higher than the ₹1,425 crore reported in FY24, but the year-on-year comparison masks structural changes in the company’s India operations. A spokesperson for Google India said the FY25 numbers are not directly comparable with the previous year. In FY24, Google India’s profit included income from its IT services division, which was later demerged into a separate entity, Google IT Services. As a result,…
Talks between Nvidia and OpenAI over a potential investment of up to $100 billion have collapsed, stalling what would have been one of the largest strategic deals in the global artificial intelligence ecosystem, according to a Wall Street Journal report. The discussions reportedly broke down after concerns were raised within Nvidia about the structure and scale of the proposed transaction. The two companies had announced a letter of intent in September, positioning the deal as a long-term partnership to fund massive AI infrastructure, including new data centres powered by Nvidia’s chips. At the time, the plan involved building AI compute…
Feminine hygiene and personal care brand Plush continued its strong growth trajectory in the fiscal year ended March 2025, more than doubling its revenue even as higher spending led to a wider loss during the period. Plush’s revenue from operations jumped 2.3X to Rs 66 crore in FY25 from Rs 29 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Including around Rs 1 crore in other income, primarily interest, the company’s total income stood at Rs 67 crore in FY25. The brand primarily earns its revenue from the sale of feminine hygiene and…
After delivering a sharp 2.3X growth in FY24, direct-to-consumer menswear brand Snitch managed to sustain its momentum in FY25, doubling its scale, crossing the Rs 500 crore revenue mark and remaining close to breakeven despite rising costs. Snitch’s revenue from operations surged to Rs 498 crore in FY25 from Rs 241 crore in FY24, according to its annual financial statements sourced from the Registrar of Companies (RoC). The performance underscores the brand’s ability to scale rapidly in India’s crowded D2C fashion market without letting losses spiral. Founded in 2020 by Siddharth Dungarwal, Snitch focuses on trendy, fast fashion menswear and…