SCIKIQ has raised $1.5 million in a pre-Series A funding round led by Triton Fund II as the startup looks to expand its enterprise AI and intelligence platform globally. The company said the fresh capital will be used to strengthen its artificial intelligence capabilities, scale platform infrastructure, and accelerate international expansion efforts. Founded in 2023 by Gaurav Shinh and Rohit Kumar, SCIKIQ operates an AI-native enterprise intelligence platform designed to help organisations convert fragmented and siloed data into business ready intelligence. Its platform combines data governance, analytics, conversational AI, AutoML, and generative AI capabilities within a unified Data Hub architecture.…
Author: Adarsh Kumar
Manipal Health Enterprises has acquired the Khubchandani Hospital property in Mumbai’s Andheri locality for ₹495 crore, marking one of India’s largest healthcare real estate transactions this year. According to property registration documents accessed by CRE Matrix, the transaction was officially registered on May 6, with stamp duty payments amounting to nearly ₹29 crore. The acquisition includes a land parcel measuring 752.77 square metres along with a hospital structure spread across a built-up area of over 20,663 square metres (around 2.2 lakh sq ft) in Andheri, Mumbai. The sellers in the transaction include Khubchandani Hospitals Private Limited, Khubchandani Properties and Investment…
MobiKwik reported an improvement in profitability for the fourth quarter of FY26, posting a net profit of ₹4.4 crore against a loss of ₹56 crore in the corresponding quarter last year. The fintech platform’s revenue from operations rose 8% year-on-year to ₹289 crore in Q4 FY26, compared to ₹268 crore in Q4 FY25, according to its unaudited financial statements filed with the National Stock Exchange of India (NSE). The company’s revenue during the quarter was primarily driven by commissions from recharge and loan servicing businesses, along with income from payment gateway and technology platform services. However, MobiKwik did not disclose…
Pine Labs has expanded its presence in the Philippines through a partnership with GCash for Business, the merchant solutions arm of the country’s leading digital wallet platform. Under the collaboration, Pine Labs will provide merchant payment infrastructure for GCash, enabling businesses to access features such as installment payment plans, loyalty rewards, cashback programmes, and support for multiple payment methods including card and QR-based transactions. The partnership is also aimed at strengthening digital payment access for micro, small, and medium enterprises (MSMEs) in the Philippines through Pine Labs’ commerce and point-of-sale technology stack. GCash for Business currently offers products such as…
Adda247 has reportedly laid off more than 200 employees, representing nearly 20% of its workforce, as the Google backed edtech startup restructures operations ahead of its planned initial public offering (IPO). According to a report by Business Standard, the layoffs were part of a broader organisational restructuring exercise aimed at improving operational efficiency and preparing the company for public market scrutiny. The exercise reportedly affected teams across product, design, content, CUET, UPSC, judiciary preparation, and teaching functions. The layoffs were carried out at the company’s Gurugram office on April 30. In a statement, Adda247 said it periodically reviews its organisational…
Mekr has raised ₹67 crore (around $7 million) in a Series A funding round led by Avaana Capital, with participation from Titan Capital’s Winners Fund. The consumer electronics design and manufacturing startup said the fresh capital will be used to strengthen research and development capabilities, expand manufacturing automation, localise supplier networks, improve quality systems, and scale exports. Founded in 2022 by Anand Yadav and Gaurang Kuchhal, Mekr operates as a full stack product design and manufacturing platform for consumer appliance brands. The startup offers end-to-end solutions across product design, prototyping, tooling, certification, and mass manufacturing, enabling brands to outsource appliance…
Rozana’s in-house FMCG brand Samuh has crossed an annualised revenue run rate of ₹100 crore within just three months of launch, emerging as one of the fastest growing rural consumer brands in India’s FMCG sector. Launched at the end of February 2026, Samuh is now targeting ₹500 crore ARR by the end of this year and aims to scale to ₹1,000 crore by FY27 through rapid expansion across rural India. The company plans to enter 10 additional states, including Bihar, Odisha, Jharkhand, Rajasthan, Madhya Pradesh, Punjab, Himachal Pradesh, Uttarakhand, Jammu & Kashmir, and the National Capital Region. According to co-founder…
Fractal has reported its first quarterly earnings after listing on the stock exchanges, posting strong growth in both revenue and profitability for the fourth quarter of FY26. The AI and advanced analytics firm recorded a 17% year-on-year increase in operating revenue, which rose to ₹886.3 crore in Q4 FY26 from ₹757.5 crore in the corresponding quarter last year, according to disclosures filed with the National Stock Exchange of India (NSE). For the full fiscal year, Fractal’s revenue grew to ₹3,363 crore in FY26, compared to ₹2,816 crore in FY25. On the cost front, employee benefit expenses continued to remain the…
Oil and Natural Gas Corporation (ONGC) is preparing to launch a new ₹200 crore startup fund focused on energy and AI-driven startups, while simultaneously opening applications for advisor roles to strengthen its startup investment operations. According to a document released by the company, the ONGC Startup Fund is hiring two Advisors on a contractual basis for an initial period of 12 months, with an option for extension by another year. ONGC had originally launched its ₹100 crore startup fund in 2016 under the Government of India’s Startup India programme to support startups operating in energy and technology related sectors. In…
Centricity is in discussions to raise around $30 million in a fresh funding round led by Mitsubishi UFJ Financial Group (MUFG) and Susquehanna International Group (SIG), according to sources familiar with the matter. The proposed financing comes less than two years after the Gurugram based wealthtech startup raised its seed funding round. According to sources, the round is likely to value the company at approximately $250 million, nearly double its previous valuation. In September 2024, Centricity had raised $20 million in a seed funding round led by Lightspeed Venture Partners at a valuation of around $125 million. The earlier round…