Inc42 Media

Paytm’s Super App Dream Unravels ?? Once at the forefront of India’s super app revolution, Paytm is now scaling back, shedding parts of its once-mighty empire. Regulatory hurdles, razor-thin margins, and shifting business priorities have forced a major course correction. The biggest setback? The suspension of Paytm Payments Bank, which crippled its payments ecosystem and disrupted key revenue streams. CEO Vijay Shekhar Sharma, once bullish on building India’s answer to WeChat or Alibaba with huge data of customers at its disposal, is now doubling down on core financial services instead. One reason why Paytm is now shedding parts of the super app is its failure to capitalise on a large user base. Ecommerce is the best example of this, but insurance and investments will fill the gap for Paytm, at least that’s the hope. Is this the final chapter for Paytm’s super app ambitions, or can it reinvent itself once again? ???? Read the in-depth article here: https://shorturl.at/UCePy #Paytm #SuperApp #Fintech #IndianStartups #UPI #Payments

In a world where fashion often comes with a hefty price tag, Berrylush is breaking the mold. ? ??Founded in 2018 by Alok Paul and Anusha Chandrashekar, the brand is on a mission to make high-quality, trendy fashion accessible to every modern Indian woman. ??By offering chic, on-trend designs at affordable prices, Berrylush has become a favorite among GenZ and millennial shoppers. ??Also featured in FAST42 by Inc42, the brand has seen impressive growth, from INR 61 Cr in FY23 to INR 76 Cr in FY24. Read the full article here - https://shorturl.at/3Hvqd Nitro Commerce | Emiza Supply Chain Services Pvt. Ltd. | Simpl #Fast42 #Inc42 fashion #D2C #Berrylush

BofA Securities has downgraded ratings for Zomato and Swiggy, citing concerns over their future growth prospects and the increasing competitive pressure in the food delivery industry? ??The brokerage downgraded Zomato’s shares to 'Neutral' from 'Buy' and trimmed the target price to INR 250 per share from INR 300 ??For Swiggy, the rating was lowered to 'Underperform' from earlier 'Buy,' while the price target was reduced to INR 325 per share from INR 420. Read the full article here - https://shorturl.at/GX8OV #news #Inc42 #BofA #Zomato #Swiggy #foodtech #tech #startupnews #startup #India #businessnews

Automobile ecommerce platform Droom has raised $3 Mn (around INR 24.75 Cr) in an undisclosed funding round co-led by India Accelerator and Finvolve.? ??With the freshly raised capital, the company seeks to bolster its tech infrastructure, accelerate customer acquisition and expand its footprint in India. ??The investment will also expedite Droom’s decision to refile its initial public offering (IPO) papers in the ongoing calendar year, it said in a statement. ??Read the full article here - https://shorturl.at/wAJWZ Sandeep Aggarwal #news #Inc42 #Automobile #ecommerce #Droom #carsindustry #startupnews #startup #India #growth #expansion #business

Dairy tech soonicorn Country Delight is raising about $25 Mn (INR 212.50 Cr to be precise), in what looks like its Series E funding round, from Temasek’s subsidiary V-Sciences Investments Pte Ltd. ??According to the startup’s filings with the MCA, its board of directors approved the proposal to issue over 1 Lakh Series E CCPS (compulsorily convertible preference shares) to V-Sciences Investments at INR 21,045 apiece. ?? This is the second time that the startup is raising external capital in the past six months after raising INR 200 Cr in debt from Alteria Capital in October 2024 ??Read the full article here - https://shorturl.at/xwWdR #news #Inc42 #Dairytech #soonicorn #CountryDelight #funding #investment #startupnews #startup #growth #India

Powering India's Tech Future with Semiconductors! ?? From smartphones to AI and autonomous vehicles, semiconductors are at the heart of modern innovation. India is making giant strides toward self-reliance in chip manufacturing with initiatives like the Semicon India Programme and India Semiconductor Mission, backed by a whopping INR 76,000 Cr investment. Partnerships with global giants like AMD, Micron, and Qualcomm are further accelerating the progress. With a $150 Bn market opportunity by 2030, startups like Mindgrove Technologies and FermionIC are leading the charge with record-breaking funding in 2024. #Innovation?#Semiconductors?#TechStartups?#MakeInIndia?#India?#Technology?#Inc42?#future?#semicon?#startupsecosystem?#business?#growth?#marketing?#strategy?#India

Eggoz Nutrition, India’s leading packaged egg brand, is transforming the way eggs are produced and consumed with its farm-to-consumer approach. ? ?? Founded in 2017 by Abhishek Negi, Aditya Singh, and Uttam Kumar, the brand ensures fresh, hygienic, and nutrient-rich eggs through a vertically integrated supply chain. ?? Featured in FAST42 by Inc42, Eggoz has become a trusted name, offering eggs from hens fed herbal feed and subjected to 11 safety checks. ??Read the full article here - https://shorturl.at/vVt6I Nitro Commerce | Emiza Supply Chain Services Pvt. Ltd. | Simpl #Fast42 #Inc42 #Eggoz #supplychain

Fintech major MobiKwik has become the latest entrant to the country’s burgeoning investment tech market. The listed company has set up a wholly owned subsidiary Mobikwik Securities Broking Private Limited (MSBPL) to take on the likes of Zerodha and Groww.? ?? MSBPL has initial paid-up share capital of INR 1 Lakh. MobiKwik plans to pump in INR 2 Cr in the subsidiary in one or more tranches. ?? MobiKwik has a user base of INR 17.2 Cr and it would look to leverage this to gain a big share of the country’s fast-growing investment tech market, expected to become a $74 Bn opportunity by 2030. ??Read the full article here - https://shorturl.at/mCdCz #news #Inc42 #Fintech #MobiKwik #Stockbroking #startupnews #startup #businessnews #business

Nabhdrishti Aerospace Private Limited Aerospace has secured $3 Mn (around INR 25 Cr) in an undisclosed funding round led by Accel, along with participation from a host of existing investors, including IIMA Ventures. ??The Bengaluru-based startup plans to deploy the freshly raised capital to boost the development and testing of its engine prototypes as well as talent acquisition. ??“At Nabhdrishti, we are shifting that paradigm—developing cutting-edge technologies designed to run on sustainable fuels, including green hydrogen, to power everything from UAVs to next-generation air mobility platforms,” said Rohit Chouhan, cofounder and chief executive at Nabhdrishti Aerospace. Read the full article here - https://shorturl.at/P3FUc #news #Inc42 #Aerospace #Aerial #Aviation #startupnews #startup #funding #invetsment

Investment tech unicorn Groww is reportedly in advanced talks with Singapore sovereign wealth fund GIC and its existing backer Tiger Global to raise a mega funding ahead of its initial public offering (IPO).? ?? The Bengaluru-based company is seeking to raise $200 Mn (around INR 1,700 Cr), a deal that could value it at around $6.5 Bn. ??Founded in 2017 by Lalit Keshre, Neeraj Singh and Ishan Bansal, Groww is an online discount broking platform that allows users to invest in stocks, exchange-traded funds (ETFs) and IPOs. Read the full article here - https://shorturl.at/watfi #news #Inc42 #Investment #tech #Unicorn #Groww #wealthtech #finance #stockbroking #startupnews #startup