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Startup India Daily

@startupexitsind

🚀 Covering India’s latest startup and business news—daily & decoded.

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calendar_today06-03-2025 04:22:26

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🚨 Meesho converts to public entity ahead of 💰$1B IPO ➡️FY24 revenue: ₹7,615 Cr (+33%) ➡️Losses down 97% — from ₹1,675 Cr to just ₹53 Cr ➡️Bonus issue worth ₹411 Cr approved ➡️IPO bankers: Morgan Stanley, Kotak, JP Morgan, Citi ➡️Domicile shift :US to India #Meesho #IPO

🚨 Meesho converts to public entity ahead of 💰$1B IPO

➡️FY24 revenue: ₹7,615 Cr (+33%)
➡️Losses down 97% — from ₹1,675 Cr to just ₹53 Cr
➡️Bonus issue worth ₹411 Cr approved
➡️IPO bankers: Morgan Stanley, Kotak, JP Morgan, Citi
➡️Domicile shift :US to India
#Meesho #IPO
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🚨 Byju’s has offloaded two $700M US acquisitions EPIC & TYNKER for a mere 💰$97M ➡️Sold under loan default cleanup: EPIC → TAL Education for $95M TYNKER → CodeHS for $2.2M ➡️Both deals approved by a US bankruptcy court ➡️FY23–FY25 financials still unfiled #Byju #Usa #EdTech

🚨 Byju’s has offloaded two $700M US acquisitions EPIC & TYNKER for a mere 💰$97M

➡️Sold under loan default cleanup:
EPIC → TAL Education for $95M
TYNKER → CodeHS for $2.2M

➡️Both deals approved by a US bankruptcy court
➡️FY23–FY25 financials still unfiled
#Byju #Usa #EdTech
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🚨 Wow! Momo raises 💰₹85 Cr debt from Stride Ventures ➡️Funds to refinance loans & scale QSR + FMCG ➡️₹480 Cr Series D in April ➡️FY24: ₹470 Cr revenue | ₹114 Cr loss (flat YoY) ➡️Target: 1,500 stores & ₹100 Cr FMCG buisness #FMCG #Startups #India #loan

🚨 Wow! Momo raises 💰₹85 Cr debt from Stride Ventures

➡️Funds to refinance loans & scale QSR + FMCG
➡️₹480 Cr Series D in April
➡️FY24: ₹470 Cr revenue | ₹114 Cr loss (flat YoY)
➡️Target: 1,500 stores & ₹100 Cr FMCG buisness 
#FMCG #Startups #India #loan
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💳 MSME-focused fintech FLEXILOANS raises 💰₹375 Cr in Series C ➡️ Led by Fundamentum ➡️ ₹665 Cr total raised in 6 months ➡️ FY24: ₹262 Cr rev (2.4x YoY) ➡️ ₹3.3 Cr profit (↓50%) in Fy24 ➡️ ₹10K Cr loans to 50K+ MSMEs ➡️ 66% from tier II/III cities #MSME #Fintech #India

💳 MSME-focused fintech FLEXILOANS raises 💰₹375 Cr in Series C

➡️ Led by Fundamentum
➡️ ₹665 Cr total raised in 6 months
➡️ FY24: ₹262 Cr rev (2.4x YoY) 
➡️ ₹3.3 Cr profit (↓50%) in Fy24
➡️ ₹10K Cr loans to 50K+ MSMEs
➡️ 66% from tier II/III cities
#MSME #Fintech #India
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🚀 PowerUp Money raises 💰$7.1M led by Accel, Blume & Kae 🔹 Founded by ex-Uni Cards cofounder 🔹 Helps users plan financial freedom & invest in direct mutual funds 🔹 Tracking ₹3,000 Cr AUM across 25000+ users 🔹 Free + paid models now live #Fintech #Wealth #Tech #India

🚀 PowerUp Money raises 💰$7.1M led by Accel, Blume & Kae

🔹 Founded by ex-Uni Cards cofounder
🔹 Helps users plan financial freedom & invest in direct mutual funds
🔹 Tracking ₹3,000 Cr AUM across 25000+ users
🔹 Free + paid models now live
#Fintech #Wealth #Tech #India
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🚨 Pine Labs to file DRHP with SEBI by June-end, eyes 💰₹5,000–6,000 Cr IPO ➡️Valuation: $4–5Bn (inline with last round) ➡️FY24: ₹1,317 Cr revenue (+2.8%) | Losses ₹187 Cr (3x YoY) ➡️Domicile shifted to India ➡️Now a public entity #PineLabs #IPO #Fintech #India

🚨 Pine Labs to file DRHP with SEBI by June-end, eyes 💰₹5,000–6,000 Cr IPO

➡️Valuation: $4–5Bn (inline with last round)
➡️FY24: ₹1,317 Cr revenue (+2.8%) | Losses ₹187 Cr (3x YoY)
➡️Domicile shifted to India 
➡️Now a public entity
#PineLabs #IPO #Fintech #India
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🚛 Piston raises 💰$7.5M seed led by Spark Capital, Pear VC & BOND 🔹QR-based fleet fuel payments replacing cards 🔹$20M+ volume | 50% MoM growth 🔹120+ fleets, 800+ stations onboarded 🔹India operations led by Shivam Shah, scaling fast #Tech #Fintech #Startups #India

🚛 Piston raises 💰$7.5M seed led by Spark Capital, Pear VC & BOND

🔹QR-based fleet fuel payments replacing cards
🔹$20M+ volume | 50% MoM growth
🔹120+ fleets, 800+ stations onboarded
🔹India operations led by Shivam Shah, scaling fast
#Tech #Fintech #Startups #India
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🏸 Bengaluru-based sports-tech startup MACHAXI raises 💰$1.5M led by Zerodha’s Rainmatter + Prakash Padukone! ➡️AI-powered grassroots badminton coaching ➡️Expanding to Pune, Hyd, Chennai ➡️1,000+ centers in 4 yrs via Padukone partnership #Sports #badminton #AI #startupindia

🏸  Bengaluru-based sports-tech startup MACHAXI raises 💰$1.5M led by Zerodha’s Rainmatter + Prakash Padukone!

➡️AI-powered grassroots badminton coaching
➡️Expanding to Pune, Hyd, Chennai
➡️1,000+ centers in 4 yrs via Padukone partnership
#Sports #badminton #AI
#startupindia
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🚀 Deeptech startup Leumas raises $2.2M led by Capital 2B (Info Edge + Temasek), with Capital-A & Anicut. It builds AI-powered modular robot factories for on-demand pharma & wellness manufacturing. 📍120+ products | India, US, MENA #DeepTech #PharmaTech #Startups #AI

🚀 Deeptech startup Leumas raises $2.2M led by Capital 2B (Info Edge + Temasek), with Capital-A & Anicut.

It builds AI-powered modular robot factories for on-demand pharma & wellness manufacturing. 

📍120+ products | India, US, MENA
#DeepTech #PharmaTech #Startups #AI
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🚨 Karnataka Bans Bike Taxis (Again) ➡️Court Upholds Ban – No Ola, Uber, or Rapido bike taxis ➡️Services to stop from June 16 ➡️No legal framework under MV Act 👀Is banning better than regulating? #Karnataka #karnatakahighcourt #Ola #uber #Rapido

🚨 Karnataka Bans Bike Taxis (Again) 

➡️Court Upholds Ban – No Ola, Uber, or Rapido bike taxis
➡️Services to stop from June 16
➡️No legal framework under MV Act

👀Is banning better than regulating?
#Karnataka #karnatakahighcourt
#Ola #uber #Rapido
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🚀 Groww’s $7B IPO Push Begins ➡️Raising 💰₹1,735 Cr (~$200M) from GIC & ICONIQ ➡️Files confidential DRHP with SEBI ➡️Aims $700M–$1B via IPO ➡️FY25 profit jumps 3x to ₹1,819 Cr ➡️FY24: ₹805 Cr loss due to ₹1,340 Cr tax hit #Ipo #Groww #sebi

🚀 Groww’s $7B IPO Push Begins

➡️Raising 💰₹1,735 Cr (~$200M) from GIC & ICONIQ
➡️Files confidential DRHP with SEBI
➡️Aims $700M–$1B via IPO
➡️FY25 profit jumps 3x to ₹1,819 Cr
➡️FY24: ₹805 Cr loss due to ₹1,340 Cr tax hit
#Ipo #Groww #sebi
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🚜 Rural fintech SARVAGRAM raises 💰₹565 Cr ($67M)! ➡️Led by Peak XV, with Elevation, Temasek, TVS & Elevar ➡️Valuation doubles to ₹1,785 Cr ($212M) ➡️1.5L+ households served, 630+ rural franchise ➡️Offers farm loans, gold loans & agri-equipment via SarvaMitra #Finance #India

🚜 Rural fintech SARVAGRAM raises 💰₹565 Cr ($67M)!

➡️Led by Peak XV, with Elevation, Temasek, TVS & Elevar
➡️Valuation doubles to ₹1,785 Cr ($212M)
➡️1.5L+ households served, 630+ rural franchise
➡️Offers farm loans, gold loans & agri-equipment via SarvaMitra
#Finance #India
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📢 Thesis: Regional + Short-form = India’s next OTT wave Hyderabad’s CHAI SHOTS is planning to raise 💰$5M led by GeneralCatalyst ➡️<2-min microdramas ➡️Built by the Chai Bisket team (9 yrs of storytelling IP) ➡️Bharat-first, language-native content engine #India #media #drama

📢 Thesis: Regional + Short-form = India’s next OTT wave

Hyderabad’s CHAI SHOTS is planning to raise 💰$5M led by GeneralCatalyst

➡️&lt;2-min microdramas
➡️Built by the Chai Bisket team (9 yrs of storytelling IP)
➡️Bharat-first, language-native content engine
#India #media #drama
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🚗 Used car platform SPINNY expands funding round to 💰$170M ➡️WestBridge joins with $35–40M ➡️Round led by Accel Leaders Fund ➡️Flat valuation: $1.5–1.7B ➡️Hits ₹3,725 Cr in FY24 ➡️Losses down 28% YOY ➡️Acquired Autocar India, launched in-house NBFC #cars #India #startup

🚗 Used car platform SPINNY expands funding round to 💰$170M

➡️WestBridge joins with $35–40M
➡️Round led by Accel Leaders Fund
➡️Flat valuation: $1.5–1.7B
➡️Hits ₹3,725 Cr in FY24
➡️Losses down 28% YOY
➡️Acquired Autocar India, launched in-house NBFC 
#cars #India #startup
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💳 SNAPMINT offers instant EMIs—no credit card needed Powering buy now, pay later for India’s digital shoppers. ➡️Raising 💰$40M led by General Atlantic ➡️Valued: $160M ➡️FY24 rev: ₹88.6 Cr | Losses flat YoY ➡️Trusted by 100s of D2C brands to drive conversions #Finance #India

💳 SNAPMINT offers instant EMIs—no credit card needed

Powering buy now, pay later for India’s digital shoppers.

➡️Raising 💰$40M led by General Atlantic
➡️Valued: $160M
➡️FY24 rev: ₹88.6 Cr | Losses flat YoY
➡️Trusted by 100s of D2C brands to drive conversions
#Finance #India
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💍 D2C jewelry brand Giva raises 💰₹450 Cr ($53M) Series C led by Creaegis, with Premji Invest & others. ➡️ Affordable silver, gold & lab-grown diamond jewelry ➡️ 150+ stores | Franchise-led scale ➡️ Valued at ₹3,950 Cr ($465M) ➡️ FY24 rev: ₹274 Cr (↑66%) #Startups #India

💍 D2C jewelry brand Giva raises 💰₹450 Cr ($53M) Series C led by Creaegis, with Premji Invest &amp; others.

➡️ Affordable silver, gold &amp; lab-grown diamond jewelry
➡️ 150+ stores | Franchise-led scale
➡️ Valued at ₹3,950 Cr ($465M)
➡️ FY24 rev: ₹274 Cr (↑66%)
#Startups #India
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👩‍🔧 URBAN COMPANY turns profitable with ₹28.5 Cr PBT in FY25 as revenue jumps 38% to 💰₹1,144 Cr ➡️Completed 6.8M transactions across 51 cities, GMV hits ₹3115 Cr ➡️ PO on the way: ₹1900 Cr (₹429 Cr fresh + ofs) ➡️Faces rising heat from Pyng, Snabbit & Pronto #IPOAlert #IPOs

👩‍🔧 URBAN COMPANY turns profitable with ₹28.5 Cr PBT in FY25 as revenue jumps 38% to 💰₹1,144 Cr

➡️Completed 6.8M transactions across 51 cities, GMV hits ₹3115 Cr
➡️ PO on the way: ₹1900 Cr (₹429 Cr fresh + ofs)
➡️Faces rising heat from Pyng, Snabbit &amp; Pronto
#IPOAlert #IPOs
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✨ No phone. No PIN. No charging. Just tap & pay. 💍 Mumbai-based SEVEN raises 💰₹4 Cr for its contactless smart ring ➡️Aims to deploy 30L rings by 2028 for metro & UPI users ➡️Affordable ‘7 Ring Air’ drops next year ➡️Backed by Venture Catalysts & others #Payments #Mumbai #UPI

✨ No phone. No PIN. No charging. Just tap &amp; pay.

💍 Mumbai-based SEVEN raises 💰₹4 Cr for its contactless smart ring
➡️Aims to deploy 30L rings by 2028 for metro &amp; UPI users
➡️Affordable ‘7 Ring Air’ drops next year
➡️Backed by Venture Catalysts &amp; others
#Payments #Mumbai #UPI