upGrad
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Indian startup funding slumps 27% MoM to $630M in May, even as Rapido bags $240M Series F
May 2026 funding fell to $630M, down 27.2% MoM and 45% YoY, despite Rapido's $240M Series F and Skyroot's $60M raise. Bengaluru captured 65% of capital; fintech led sectors at $97M. Zepto secured SEBI IPO nod, Emami took 60% in InCut Digital, while 680 layoffs at Apna Mart and others signal cautious investor mood.
Entrackr · Newsletter · 6/1/2026, 6:15:02 AM
Indian D2C raises $75.35M in week of May 25-30, led by Anveshan's Rs 121 cr Series B
Fifteen deals closed across consumer and fintech, with food brand Anveshan, abcoffee, Fairdeal.Market, Yes Madam and Yoho headlining. PhonePe held 46.2% UPI volume share in April; MobiKwik secured PA-P licence; Pushp filed DRHP with a 7.44M share OFS; 28% GST on online gaming was upheld.
Entrackr · Newsletter · 5/30/2026, 5:35:13 AM
Fairdeal.Market lands $15M Series A from Bertelsmann India to scale Delhi-NCR dark stores
B2B quick-commerce platform Fairdeal.Market raised $15M Series A led by Bertelsmann India with WaterBridge Ventures, deploying capital into dark-store expansion across Delhi-NCR. The network promises 60-minute delivery on 1,000+ SKUs to kirana and HoReCa buyers, riding 78% YoY GTV growth as B2B grocery distribution digitises.
YourStory · 5/26/2026, 9:11:13 AM
Sandeep Karwa takes over as AJIO CEO as Reliance sharpens fashion etail bet
Reliance has installed Sandeep Karwa as CEO of AJIO, signaling a leadership reset at its flagship online fashion arm. The move lands amid a quiet funding week for Indian startups ($128M, down 56% WoW), with Scapia ($63M) and upGrad (~$38M) leading rounds and Snabbit pushing into salon-at-home beauty.
Entrackr · Newsletter · 5/23/2026, 7:11:36 AM
Lenskart Q4 revenue jumps 46% to ₹2,515.7 Cr, but profit dips 7.5% on cost pressure
Eyewear major Lenskart posted a 46% YoY surge in Q4 FY26 revenue to ₹2,515.7 Cr, while net profit slipped 7.5% to ₹203.6 Cr as costs climbed. Full-year FY26 profit rose 69% to ₹500.9 Cr on revenue of ₹8,814 Cr (+33%). The retailer added 183 net new stores, taking its global footprint to 3,327.
Inc42 · Buzz · 5/21/2026, 2:39:22 AM
Lenskart Q4 revenue jumps 46% to ₹2,515.7 Cr; adds 183 stores to hit 3,327 globally
Eyewear major posts FY26 revenue of ₹8,814 Cr (+33%) and PAT of ₹500.9 Cr (+69%), even as Q4 PAT slips 7.5% to ₹203.6 Cr. Aggressive store rollout continues with 183 net additions, taking the global footprint past 3,300 outlets ahead of its IPO push.
Inc42 · 5/21/2026, 2:38:59 AM