Acquisition OverviewUrban Harvest, a B2B fresh-produce and food supply startup, has acquired premium gourmet food brand Cocosutra in an all-cash transaction valued at ₹2.5 crore. The acquisition marks Urban Harvest’s entry into value-added and higher-margin packaged food categories as it looks to strengthen its presence in the restaurant and HoReCa segment. Strategic RationaleUrban Harvest said the acquisition adds a portfolio of gourmet products that typically command higher margins and repeat demand. The company plans to leverage its existing base of restaurant, cloud kitchen and foodservice clients to scale Cocosutra faster than a standalone consumer brand could achieve. Integration and TimelineAccording…
Author: Aman Atulya
Company Rejects Bloomberg ReportReliance Industries Limited has denied a Bloomberg report that claimed three tankers carrying Russian crude oil were headed to its Jamnagar refinery in Gujarat. The company termed the report “blatantly untrue” and said it was concerned about the reputational damage caused by what it described as incorrect reporting. Clarification on Crude SuppliesIn an official statement posted on X, Reliance said its Jamnagar refinery has not received any Russian crude cargoes in the past three weeks and is not scheduled to receive any such deliveries in January 2026. The company added that vessel tracking signals only indicate potential…
Transaction OverviewGlobal private equity firm Apax Funds has acquired a significant minority stake in iD Fresh Food, a Bengaluru-based company that makes ready-to-cook packaged food products. The stake was purchased from existing investors Premji Invest and TPG NewQuest, both of which will continue to back the company alongside its founders. Financial terms of the deal were not disclosed. Background to the DealMint had earlier reported Apax’s interest in November, noting discussions to acquire around a 30 percent stake for approximately ₹1,200 crore, potentially valuing iD Fresh between ₹4,000 crore and ₹4,500 crore. The companies did not comment on valuation details.…
By 2026, artificial intelligence will no longer be treated as a side initiative inside companies. It will be embedded into core operations, decision-making, and product strategy. The real differentiator will not be access to AI tools, but the ability of people to apply AI meaningfully at scale. Businesses are shifting focus from experimentation to execution. They need teams that can combine AI capabilities with business understanding, governance, and creativity—turning technology into measurable outcomes. Below are the ten most important AI skills businesses will prioritize in 2026. 10 Critical AI Skills for the Business World in 2026 AI SkillBusiness ValueGenerative AI…
Funding Round and InvestorsKayess Square, a finance, risk, governance and transaction advisory firm, has raised ₹10 crore in a pre-Series A funding round led by Vakil Housing. The round also saw participation from individual investors including Parthasarathy NS, Ramakrishna, Umashankar, Raveen Sastry, Vadiraj Katti, Suresh Pillay and Anand Narayanan, among others. Use of ProceedsThe company said the capital will be used to strengthen its core practice areas and enhance the quality and depth of its advisory services. The funding is expected to support investments in people, systems and process capabilities across its service lines. Company BackgroundFounded in 2017 by Sathya…
New Category for Health-Conscious ConsumersSwiggy on Monday announced the launch of EatRight, a new category aimed at users seeking healthier food options. The category brings together offerings such as high-protein meals, low-calorie dishes and food with no added sugar under a single umbrella, and is now live across more than 50 cities. Scale and Restaurant ParticipationAccording to the company, EatRight currently features over 1.8 million dishes sourced from more than 2 lakh restaurant partners. Swiggy said the category has been designed to integrate health-focused options into users’ regular ordering behaviour rather than positioning them as niche or separate choices. Growth…
Funding Round DetailsMylapay has raised $1 million as part of an ongoing funding round, ahead of its planned Series A raise. The round saw continued participation from existing investors CDM Capital and Credit Saison, along with new backing from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors. Capital Positioning Before Series APrior to the current round, Mylapay had raised $550,000 in seed funding. With the latest infusion, the Chennai-based startup said it is preparing to scale adoption of its acquiring platform and move closer to a full Series A fundraise later this year. Use of…
Scale of Gig Worker ExitsZomato terminates close to 5,000 gig workers every month due to fraud-related issues, while another 1.5–2 lakh delivery partners exit the platform voluntarily, according to Deepinder Goyal, founder and chief executive officer of parent firm Eternal. Voluntary Attrition a Key FactorSpeaking on a video podcast with YouTuber Raj Shamani, Goyal said a large share of delivery partners view gig work as temporary in nature. As a result, voluntary attrition remains high, with many workers using food delivery as a short-term income option rather than long-term employment. Context of Recent Worker ProtestsGoyal’s comments come shortly after gig…
Revised Cost Estimate DisclosedThe estimated cost of the Mumbai–Ahmedabad High-Speed Rail project has risen sharply to around ₹1.98 lakh crore, nearly double the original estimate, according to Satish Kumar, Chairman and Chief Executive Officer of the Railway Board under the Ministry of Railways. Cabinet Approval PendingSpeaking at a briefing marking the 50th meeting of the Pro-Active Governance and Timely Implementation (PRAGATI) framework, Kumar said the final sanction of the second revised estimate is yet to be approved. He added that the revised cost is still under review and is expected to receive Cabinet approval within the next one to two…
A startup’s biggest risks rarely come from competitors. They come from poor documentation. Missing or weak legal paperwork can block funding, trigger founder disputes, or even cost you ownership of your own product. Strong legal foundations ensure your startup can grow, raise capital, and scale without friction. Below are the 10 most important legal documents every startup must have, along with why each one matters. Top 10 Legal Documents for Startups 1. Certificate of Incorporation This is your startup’s legal birth certificate. It proves your company exists as a registered legal entity and is mandatory for opening bank accounts, signing…