MyPickup: The Rise and Fall of an Electric Mobility Vision
MyPickup, a subscription-based electric mobility startup, has shut down operations after three years.
MyNaksh Secures ₹7.5 Crore in Funding, Spearheaded by Eximius Ventures
MyNaksh, an AI-powered astrology platform, has raised Rs 7.5 crore in a pre-seed round led by Eximius.
Finnable Set to Secure ₹250 Crore in Upcoming Funding Round
Finnable is set to raise Rs 250 crore in its pre-series C round from various investors, boosting growth.
LEAD EdTech Unicorn Slashes Losses by 70% While Revenue Holds Steady
LEAD reported flat revenue in FY25 but cut losses by 70% through strict cost controls, improving EBITDA.
Key Developments in Indian Startup Funding and Acquisitions (Sep 08 – Sep 13)
During the week, 26 Indian startups raised $329M, with notable deals from Eruditus and Urban Company.
Kavin Mittal’s Hike Pulls the Plug on Operations: A Major Shift in the Industry
Hike is shutting down completely after 13 years due to challenges from a recent gaming ban in India.
Duroflex Transitions to Public Company with Lighthouse Support
Duroflex is preparing for an IPO, changing its name to “Duroflex Limited” and aims to list by 2026.
Zunroof Closes New Funding Round with Godrej Investment
Zunroof secures Rs 25 crore in fresh funds, focusing on rooftop solar solutions and smart home products.
Myntra’s Profits Skyrocket 18 Times to ₹548 Crore in FY25
Myntra crossed the Rs 6,000 crore revenue mark, with profit after tax surging 18X to Rs 548.3 crore.
Gameskraft Achieves Record Revenue of Over Rs 4,000 Crore in FY25; PAT Approaches Rs 1,000 Crore
Gameskraft's FY25 revenue grew 12% to Rs 3,896 crore, maintaining profitability before the gaming ban.
©️ All rights reserved startupsuperb