Location Tech Firm Sees Weak Quarter Amid Decline in Core Mapping Revenue Revenue Decline Driven by Core Digital Mapping Segment CE Info Systems, the parent of MapMyIndia, reported an 18% year-on-year decline in revenue for Q3 FY26. Revenue from operations fell to ₹94 crore from ₹114.5 crore in the same quarter last year, according to its filing with the National Stock Exchange. The company’s core digital mapping and location-based services segment, which contributes the majority of revenue, declined 23.5% to ₹78 crore in the quarter. This segment includes income from digital map data, GPS navigation, location intelligence, and IoT solutions,…
Author: Aman Atulya
Pepperfry is raising Rs 158.4 crore (approximately $17.6 million) in a fresh funding round led by Morde Foods and SageOne Investments, with participation from Newage Global Ventures, F3 Advisors, and over 50 investors, including Indian cricketer Shreyas Iyer. The omnichannel furniture platform continues to attract investor interest even as it navigates slowing growth and valuation pressure. Funding Details and Investor Participation According to regulatory filings, Pepperfry’s board approved the issuance of 40,51,174 equity shares at Rs 391 per share to raise the capital. Morde Foods is leading the round with Rs 25 crore, followed by SageOne Investments (Rs 20 crore)…
India’s entertainment industry was comfortable importing innovation. High-end racing simulators came from Europe or East Asia. Arcade owners paid premiums. Consumers experienced advanced hardware, but it was rarely built domestically. That dependency created an opportunity. MetaDrive was founded to challenge the assumption that precision motion simulators could not be engineered in India. The Founders and Early Resistance Manish Kumar Malik and Chaitanya Malik began in a workshop environment, developing motion-based racing simulators through repeated prototyping. Operating in India’s limited hardware funding ecosystem meant navigating high component costs, long development cycles, and minimal early institutional backing. The larger obstacle, however, was…
HUL Completes Buyout to Consolidate Wellness Portfolio Hindustan Unilever Limited (HUL) has acquired the remaining 49% stake in plant-based nutrition brand OZiva, operated through Zywie Ventures Private Limited, for ₹824 crore. The acquisition makes OZiva a wholly owned subsidiary of HUL, signalling the FMCG major’s deeper push into the fast-growing wellness and nutrition category. HUL had earlier acquired a 51% stake in OZiva in December 2022 for ₹264.28 crore, implying a valuation of approximately ₹518 crore. The latest transaction values OZiva at nearly ₹1,682 crore, representing over threefold growth in valuation within three years. Growth Momentum and Strong Operating Performance…
Artificial intelligence startup Anthropic has raised $30 billion in fresh funding, pushing its valuation to $380 billion, as the company accelerates development of enterprise-grade AI systems and expands global infrastructure capabilities. Funding Momentum & Financial Growth The new capital infusion comes as Anthropic continues to witness rapid commercial growth, with the company reportedly reaching an annualised revenue run rate of approximately $14 billion. The funding round reflects strong investor confidence in the enterprise AI market, which is witnessing accelerated adoption across sectors such as finance, healthcare, customer support, and software development. Anthropic has positioned itself as a leading developer of…
Engineering, Procurement, and Construction (EPC) company Transrail Lighting has secured new domestic orders worth ₹2,350 crore, strengthening its order pipeline and reinforcing its position in India’s power transmission and infrastructure sector. Order Details & Business Expansion The newly secured contracts are largely focused on the Transmission and Distribution (T&D) segment, along with select wins across civil infrastructure and poles and lighting projects. The T&D contracts primarily include the construction of 765 kV transmission lines, a critical component in strengthening high-voltage power infrastructure across India. With these latest order wins, Transrail Lighting’s cumulative order inflows for FY26 have crossed ₹7,980 crore,…
Battery-tech startup E-Trnl Energy has raised ₹27.4 crore in a fresh funding round to accelerate product development and strengthen its position in India’s advanced energy storage ecosystem. Funding & Utilisation Plans The newly raised capital will be primarily deployed toward accelerating product engineering, expanding research and development capabilities, and advancing the commercialisation of next-generation battery solutions. The funding will also support scaling testing infrastructure and strengthening technology capabilities as demand for high-performance energy storage continues to grow across electric mobility and clean energy sectors. Business Model & Technology Focus E-Trnl Energy operates in the battery technology and advanced energy storage…
Electronics and mobility equipment manufacturer Six Sense Mobility has raised $4.8 million in a funding round led by Ashish Kacholia, with participation from existing investor Piper Serica Angel Fund, as the company strengthens its position in India’s smart mobility and automotive electronics ecosystem. Funding Snapshot The startup had previously raised ₹6 crore in a seed funding round led by Piper Serica in 2024. The fresh capital will be used to establish a new manufacturing facility, expand production capacity, strengthen supply chain capabilities, and accelerate early-stage product development initiatives. Business Model & Product Focus Founded by Abhinav Sinha and Vishal Gupta,…
RegTech startup IDfy has raised ₹476 crore in a funding round led by Neo Asset Management, with participation from existing investors. The funding marks a significant milestone for the company as it aims to expand its technology capabilities and strengthen its position in the identity verification and risk intelligence space. Funding Utilisation And Growth Strategy The fresh capital will be deployed to strengthen IDfy’s technology stack, enhance artificial intelligence and automation capabilities, and accelerate global market expansion. The company also plans to invest in product innovation and scale enterprise adoption across regulated sectors such as financial services, fintech, e-commerce, and…
UKHI, an IP-led biopolymer and sustainable materials company, has raised Rs 10.5 crore in a seed funding round led by Venture Catalysts, with participation from 100 Unicorns, 888 VC, and DCG Pack, its strategic industrial partner. Funding Deployment And Expansion Plans The fresh capital will be used to scale production of EcoGran, UKHI’s flagship sustainable materials line, while strengthening formulation and process intellectual property. The company also plans to deepen partnerships across the packaging value chain to accelerate adoption of biodegradable alternatives across industries. Technology And Product Innovation Co-founded in 2019 by Vishal Vivek, Priyanka Chauhan, and Sandeep Kumar Tyagi,…