Wealthtech startup Stable Money has secured $25 million in a pre-Series C funding round led by Peak XV Partners at a valuation of $175 million. The round also saw participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership, reinforcing continued investor confidence in India’s fast growing digital savings ecosystem. Founded in 2022 by Saurabh Jain and Harish Reddy, the Bengaluru based company operates a fixed income investment platform enabling users to invest in bank fixed deposits, bonds under its Stable Bonds offering, and other low-risk instruments. The platform allows individuals to digitally compare, invest in, and manage fixed-income…
Author: Adarsh Kumar
Venture capital firm Peak XV has invested in five early-stage artificial intelligence startups at the Impact AI PitchFest, organised as part of the India AI Impact Summit 2026. The announcement was made during the pitch event where selected founders presented their products before a gathering of investors, operators, and ecosystem leaders. The startups that secured backing include Companion Labs, Kello, Memfold AI, Round1, and Zoop each building AI-first products targeting distinct but high growth use cases across consumer, enterprise, and workforce automation segments. AI Across Consumer, Hiring and Knowledge Work Companion Labs is focused on building interactive, entertainment driven AI…
Digital lending platform Fibe (formerly EarlySalary) delivered a strong financial performance in FY25, with operating revenue rising 49% year-on-year to ₹1,228 crore, compared to ₹824 crore in FY24. The company also reported a 13% increase in net profit to ₹114 crore during the fiscal year ended March 2025. The performance precedes the impact of its recent $35 million Series F funding round led by the International Finance Corporation (IFC), which is expected to reflect in FY26 growth metrics. Interest Income Drives Growth Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe offers personal loans, long-term loans, loans against mutual…
Delhi based venture capital firm Udtara Ventures has announced the launch of a ₹250 crore Udtara Growth Fund aimed at scaling defence, aerospace, and deep-tech companies with global ambitions. The newly launched fund will focus on taking meaningful ownership stakes in growth stage startups building patented and commercially deployable technologies. The fund plans to invest in 8 to 10 companies operating across defence, aerospace, and dual use technology domains. Udtara will target startups that have achieved product market fit (PMF), secured confirmed order books, and are seeking a structured mix of equity and debt capital to scale operations efficiently. Focus…
Renewable energy company CleanMax Enviro Energy Solutions has fixed the price band for its upcoming initial public offering (IPO) at ₹1,000 to ₹1,053 per equity share. The issue will open for subscription on February 23, 2026, and close on February 25, 2026. The company plans to raise ₹3,100 crore through a combination of a fresh issue of 11.4 million shares aggregating up to ₹1,200 crore and an offer for sale (OFS) of 18 million shares worth up to ₹1,900 crore. Under the OFS, promoter shareholders Kuldeep Jain, BGTF One Holdings (DIFC), and KEMPINC LLP will dilute their stakes, along with…
Razorpay has partnered with global AI-powered software platform Replit to streamline subscription payments and monetisation for Indian users. The collaboration positions Razorpay as Replit’s India payments partner, enabling local developers and AI-first builders to seamlessly pay for subscriptions and monetise their AI-built products from day one. The partnership integrates Replit’s agentic AI software creation platform with Razorpay’s payments infrastructure, allowing applications built on Replit to accept UPI and other Indian payment methods natively. This effectively converts a global cross-border subscription experience into a localised INR payment flow for Indian customers. INR Payments and UPI Integration in Beta Rollout Currently rolling…
HomeRun, a quick commerce platform focused on construction and interior materials, has raised ₹60 crore (approximately $6.6 million) in a Series A funding round led by Sorin Investments. The investment firm contributed ₹40 crore, while the remaining capital was backed primarily by Titan Capital Winners Fund, along with Sparrow Capital, Consumer Collective by Atrium, and Helios Holdings. The fundraise comes just three months after the Bengaluru-based startup secured ₹9 crore in a seed round co-led by Titan Capital and Sparrow Capital, highlighting strong investor confidence in the fast-growing construction supply-tech segment. Capital to Drive Category and City Expansion According to…
Peak XV and Tiger Global-backed Kutumb has entered the Indicorn club after reporting profitability in FY25, supported by a sharp rise in subscription revenue from its flagship app, Crafto. The Bengaluru based social media startup recorded a 2.7X jump in operating scale during the fiscal year ended March 2025, marking a significant milestone in its growth journey. Revenue Surges on Subscription Momentum Kutumb’s revenue from operations grew 173% year-on-year to ₹128.6 crore in FY25, compared to ₹47.2 crore in FY24, according to filings with the Registrar of Companies (RoC). Founded in 2020, Kutumb operates a multilingual community-driven social platform portfolio…
The Andhra Pradesh government has unveiled its Budget 2026–27 with a clear and decisive shift toward infrastructure-led economic expansion, backed by fiscal prudence and long-term development planning. With total receipts and expenditure both pegged at ₹3.32 trillion, the Budget reflects a calibrated approach balancing aggressive capital investment with sustainable financial management. Record-High Public Capital Expenditure The centrepiece of the Budget is a historic ₹53,915 crore allocation toward public capital expenditure, marking one of the highest infrastructure outlays in the state’s history. The government has positioned infrastructure as a multiplier for private investment, employment generation, and productivity enhancement, moving beyond consumption-driven…
Shriram Properties Ltd has expanded its footprint in Bengaluru with the acquisition of a 4-acre land parcel on Sarjapur Main Road in South-East Bengaluru. The company plans to develop a premium high-rise residential project with an estimated gross development value (GDV) of ₹550–600 crore. According to a regulatory filing, the land has been acquired through an outright purchase transaction. The proposed project will comprise approximately 5 lakh square feet of saleable area and is expected to be launched in the latter half of 2026. Premium Housing Push in High-Growth Micro-Market Sarjapur Main Road has emerged as one of Bengaluru’s fastest-growing…