Banking infrastructure startup Knight FinTech has raised $23.6 million in a funding round led by Accel, with participation from IIFL and Rocket Capital. Existing investors Prime Venture Partners, 3One4 Capital, Commerce VC and Trifecta Capital also participated. With this round, Knight FinTech’s total funding has reached $30 million. Use of CapitalThe company said the fresh capital will be used to strengthen its product capabilities and fund international expansion. Knight FinTech plans to enter new markets across the Asia Pacific region and the Gulf, as it looks to scale its banking infrastructure offerings beyond India. Founders and Company BackgroundKnight FinTech was…
Author: Aman Atulya
First Full Year of OperationsFashion ecommerce marketplace Culture Circle reported a sharp increase in revenue in FY25, marking its first full year of operations after launching in January 2024. The Delhi NCR–based startup recorded operating revenue of ₹3.4 crore during the year, compared with ₹31.4 lakh in FY24. Including other income of ₹45 lakh, total income stood at ₹3.8 crore. Revenue Growth and Scale-Up PhaseIncorporated in September 2023, FY25 was Culture Circle’s first complete operating year. The nearly tenfold jump in topline reflects rapid scaling of its marketplace model and growing traction among buyers and sellers in the premium fashion…
India’s startup ecosystem ended 2025 at a crucial transition point. Total venture funding declined to $13 billion, nearly 10% lower than 2024, as global risk appetite softened and the number of late-stage mega rounds fell. However, the slowdown masked deeper structural strength within the ecosystem, including record IPO activity, selective capital deployment, and sharper operational discipline across startups. Importantly, funding levels stayed well above 2023’s $11.3 billion, widely regarded as the ecosystem’s coldest phase, reinforcing that 2025 represented consolidation rather than contraction. Funding Overview: Cooling Capital, Not Confidence YearTotal Funding2023$11.3 Bn2024$14.4 Bn2025$13.0 Bn Investor caution in 2025 stemmed less from…
India’s startup ecosystem continues to assert itself as a global powerhouse. With India now hosting over 120 unicorns, Bengaluru, Mumbai, and Delhi emerge as leading innovation hubs across fintech, quick commerce, SaaS, AI, and consumer platforms. The 2025 startup landscape highlights both strong homegrown growth and growing global ambitions, even as funding trends show resilience and strategic investor interest. Here’s a curated look at the Top 10 Startups in India 2025 that are driving disruption, scaling fast, and capturing investor attention. RankStartupSectorFounded YearEvolution JourneyWhy It Ranks Top in 20251ZeptoQuick Commerce202110-minute delivery pilot → pan-India quick-commerce platformRedefined last-mile speed and urban…
Higher Incentives Amid Strike ThreatFood delivery platforms Zomato and Swiggy have increased incentives for delivery partners ahead of New Year’s Eve, as gig worker unions have called for a nationwide strike seeking better payouts and working conditions. The companies said higher payouts during festive periods are part of their standard operating practices to manage peak demand. Union Calls and Potential DisruptionThe Telangana Gig and Platform Workers’ Union (TGPWU) and the Indian Federation of App-Based Transport Workers (IFAT) have claimed that a large number of workers plan to participate in the December 31 strike. Industry sources said the action could affect…
The Class of 2000 alumni of the Indian Institute of Technology (IIT) Kanpur has committed ₹100 crore to establish a new academic unit at the institute, named the Millennium School of Technology and Society (MSTAS). The announcement was made during the batch’s silver jubilee reunion held in Kanpur. Focus of the New SchoolAccording to the institute, MSTAS will focus on the intersection of technology, public policy, ethics, and societal impact. The proposed school is intended to complement IIT Kanpur’s core strengths in engineering and science by adding a structured academic and research focus on how technology shapes governance, institutions, and…
The Government of India has sought compensation exceeding $30 billion from Reliance Industries Ltd and its partner BP in an ongoing arbitration related to alleged underproduction from the D1 and D3 gas fields in the Krishna Godavari basin. The claim was made during submissions before a three-member arbitration tribunal, according to a Business Standard report. Basis of the Government’s ClaimGovernment lawyers have argued that the consortium failed to meet production targets committed under the production sharing contract. They contended that infrastructure was built for capacities that were never achieved, leading to lower-than-expected output. The claim reportedly includes the value of…
Project Commissioning and SignificanceTata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Ltd, has commissioned SJVN Ltd’s 1 gigawatt (GW) domestic content requirement (DCR) compliant solar power project in Rajasthan. The company said this is the largest solar project commissioned by TPREL so far and among the largest renewable energy projects executed in India. Impact on Renewable PortfolioWith the commissioning of this project, TPREL’s total renewable utility-scale capacity has increased to 11.6 GW. This includes 4.9 GW delivered through third-party engineering, procurement and construction (EPC) contracts, strengthening the company’s position as a major renewable energy developer…
MapmyIndia’s flagship Mappls navigation app has expanded its capabilities by integrating multimodal public transport routing, enabling users to access metro, rail and bus information within a single platform. The update positions Mappls as a more comprehensive mobility solution by combining private and mass transit options for everyday trip planning. The new feature enhances the experience for more than 40 million Mappls users, allowing commuters to view public transport routes, stations, stops and interchange options alongside existing navigation tools. Initially launched in select cities including Delhi, Mumbai and Bengaluru on iOS and web platforms, the company said an Android rollout is…
Facebook parent Meta Platforms on Monday announced that it will acquire Chinese artificial intelligence startup Manus, as it looks to expand advanced AI agent capabilities across its platforms. The company said the acquisition will help accelerate the deployment of autonomous AI tools for both consumers and businesses. About Manus and Its TechnologyFounded in China, Manus has built a general-purpose autonomous AI agent designed to independently perform complex tasks such as market research, software coding, and data analysis. Meta said the startup’s AI agent technology will support its efforts to scale intelligent automation and productivity features for users. Deal Size and…