Used-car marketplace Cars24 has committed $20 million to a new AI Labs vehicle, offering capital, mentorship, infrastructure and distribution to AI-native startups. The program is partnering with OpenAI, AWS and ElevenLabs as it positions itself as both an AI builder and ecosystem backer.

Business Standard · Companies · 6/1/2026, 12:56:11 PM

India's used-car marketplace Cars24 has launched AI Labs with a $20 million commitment to fund AI-first startups. The program offers capital, mentorship, infrastructure and distribution, with technology partnerships across OpenAI, AWS and ElevenLabs aimed at next-generation AI entrepreneurs.

Business Today · Latest · 6/1/2026, 12:54:28 PM

IPO-bound used-car marketplace Cars24 is committing $20 Mn through AI Labs, a build-partner-invest vehicle backing early-stage AI startups in tandem with OpenAI, ElevenLabs and AWS. The move lands amid a leadership reshuffle and acquisition spree, with H1 FY26 revenue at ₹651 Cr against a ₹162 Cr EBITDA loss.

Inc42 · 6/1/2026, 9:50:07 AM

IPO-bound used car marketplace Cars24 is deploying $20 Mn (₹189.8 Cr) into an AI Labs unit to build in-house products, partner with OpenAI, ElevenLabs and AWS, and seed early-stage AI startups. The bet lands as H1 FY26 revenue hits ₹651 Cr (+18% YoY) but EBITDA losses widen 36% to ₹162 Cr.

Inc42 · Buzz · 6/1/2026, 9:49:48 AM

Pine Labs posted Q4 FY26 net profit of ₹59.4 Cr versus ₹28.9 Cr loss YoY, with revenue up 14.7% to ₹700.5 Cr. The merchant payments firm will launch stablecoin-backed prepaid card infrastructure globally, partner with OpenAI on AI products, and guides 21-23.5% growth for FY27.

Inc42 · 5/26/2026, 7:36:22 AM

Q4 FY26 revenue missed Street estimates, dragging shares 1% to ₹144.45. Full-year revenue rose 19% to ₹2,711 cr with adj EBITDA up 57% at ₹559 cr. Stock down 38% YTD despite OMC wins (BPCL, HPCL, IOCL), GCash Philippines push and OpenAI agentic commerce tie-up. Morgan Stanley target ₹245.

The Hindu BusinessLine · 5/26/2026, 5:50:56 AM

Pine Labs posted its first full-year profit of ₹113 crore in FY26 versus a ₹145 crore loss, as revenue rose 19% to ₹2,711 crore and adjusted EBITDA jumped 57% to ₹559 crore. GTV crossed $194 billion (+50%), with 2 million terminals across 450 brands and overseas revenue contributing 15%.

The Hindu BusinessLine · 5/25/2026, 3:44:06 PM

Pine Labs posted record Q4 FY26 net profit of Rs 59.36 Cr versus a Rs 28.91 Cr loss YoY, on revenue of Rs 700.51 Cr (+17%). FY26 swung to Rs 112.51 Cr profit. GTV rose 50% to $194B, UPI volumes +68% at 20M daily txns, and international crossed Rs 400 Cr (~15% of revenue) across 22 countries.

YourStory · 5/25/2026, 3:07:45 PM

Merchant payments platform Pine Labs reported its first full-year profit of ₹113 crore in FY26 against a ₹145 crore loss a year ago. Revenue grew 19% to ₹2,711 crore, adjusted EBITDA jumped 57% to ₹559 crore (21% margin), and GTV rose 50% to $194 billion. Overseas revenue crossed ₹400 crore across 22 countries.

The Hindu BusinessLine · 5/25/2026, 2:06:12 PM

Le Travenues-owned ixigo says flights now lead its GTV mix while buses anchor margins. The ₹7,418 crore-market-cap OTA is wiring OpenAI/ChatGPT into its 'Ixigo NEXT' interface and pushing hotel expansion as the FY27 growth lever.

CNBC-TV18 · Companies · 5/22/2026, 7:45:25 AM

OpenAI rolled out visual product discovery in ChatGPT, powered by the Agentic Commerce Protocol co-developed with Stripe. Walmart launched an in-ChatGPT app routing shoppers from discovery to its own tailored checkout, marking a concrete step toward agentic commerce in mainstream retail.

PYMNTS Commerce · 5/15/2026, 2:18:49 AM

Etsy launched a beta ChatGPT app for natural-language listing search and rolled out on-site conversational gift discovery, while expanding agentic integrations with OpenAI, Microsoft and Google. The marketplace flags agentic traffic as small but high-intent, particularly for gifting under $100.

PYMNTS Commerce · 5/15/2026, 2:17:19 AM

Indian markets fell 2% with Sensex at 74,559 and rupee at record 95.63/USD. Jewellery stocks extended losses on Modi's call to defer gold purchases, signalling a possible policy shift that could reset demand for India's largest discretionary category.

Indian Express · Business · 5/15/2026, 1:46:30 AM

OpenAI pulled ChatGPT's Instant Checkout, exposing the limit of agentic commerce: shoppers lean on AI for discovery and comparison but still want to own the buy button. Retailers must rebuild loyalty around the human behind the algorithm, not hand the basket to the model.

Total Retail · 5/15/2026, 1:34:31 AM

Glossy+ Research surveyed 142 brand and agency marketers on adapting generative engine optimization strategies as Google, OpenAI, Anthropic and Perplexity tools drive zero-click behavior, reshaping how consumers discover brands through 2026.

Glossy · 5/15/2026, 1:25:07 AM

Inc42's D2C 3.0 Report crowns Delhi NCR India's biggest D2C hub with $3.5 Bn across 434 deals, edging out Bengaluru ($3.4 Bn) and Mumbai ($2 Bn). D2C is set to capture ~86% ($245 Bn) of India's $285 Bn ecommerce GMV addition through 2031. Zaggle posts ₹40.6 Cr Q4 profit, guides 25-40% FY27 growth.

Inc42 · 5/14/2026, 2:38:02 AM