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Furniture and appliance rental startup RentoMojo's IPO has delivered sizeable returns for its early backers through its offer-for-sale (OFS) component, ahead of the startup's stock market debut tomorrow.

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RentoMojo IPO: Accel Clocks 8.6X Return, Cofounder Geetansh Bamania Pockets ₹34 Cr #DH_SHARE_URL# By Inc42 via Dailyhunt

RentoMojo IPO: Accel Clocks 8.6X Return, Cofounder Geetansh Bamania Pockets ₹34 Cr

https://inc42.com/buzz/rentomojo-ipo-accel-clocks-8-6x-return-cofounder-geetansh-bamania-pockets-%e2%82%b934-cr

India's consumer brand ecosystem is entering a more demanding phase. As brands move beyond achieving product-market fit, founders are having to make tougher choices around distribution, profitability, customer retention, and expansion.

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D2CX Converge Pune Decodes The Playbook For Building ₹100 Cr Consumer Brands #DH_SHARE_URL# By Inc42 via Dailyhunt

D2CX Converge Pune Decodes The Playbook For Building ₹100 Cr Consumer Brands

https://inc42.com/buzz/d2cx-converge-pune-decodes-the-playbook-for-building-%e2%82%b9100-cr-consumer-brands

Former Haptik CEO Aakrit Vaish-led VC firm Activate has announced the final close of its maiden fund at $105 Mn (around ₹1,000 Cr). The fund, which was closed within a year of its launch, comprises an $85 Mn flagship early-stage fund and $20 Mn deployed through dedicated growth investment vehicles.

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Aakrit Vaish's Activate Closes Maiden VC Fund At $105 Mn To Back AI Startups #DH_SHARE_URL# By Inc42 via Dailyhunt

Aakrit Vaish's Activate Closes Maiden VC Fund At $105 Mn To Back AI Startups

https://inc42.com/buzz/aakrit-vaishs-activate-closes-maiden-vc-fund-at-105-mn-to-back-ai-startups

Investment platforms Zerodha and INDmoney have flagged the cost impact of the new merchant discount rate (MDR) on UPI transactions, warning that they could incur charges on fund transfers without necessarily generating corresponding trading revenue.

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Zerodha, INDmoney Flag UPI MDR Impact On Brokers, Nithin Kamath Seeks ₹5-10 Cap #DH_SHARE_URL# By Inc42 via Dailyhunt

Zerodha, INDmoney Flag UPI MDR Impact On Brokers, Nithin Kamath Seeks ₹5-10 Cap

https://inc42.com/buzz/zerodha-indmoney-flag-upi-mdr-impact-on-brokers-kamath-seeks-%e2%82%b95-10-cap

AI-native semiconductor verification startup VerifAIX has raised $5 Mn (about ₹48 Cr) in a seed funding round co-led by Endiya Partners and Bluehill VC. 

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VerifAIX Bags $5 Mn To Scale AI-Based Chip Verification Platform #DH_SHARE_URL# By Inc42 via Dailyhunt

VerifAIX Bags $5 Mn To Scale AI-Based Chip Verification Platform

https://inc42.com/buzz/verifaix-bags-5-mn-to-scale-ai-based-chip-verification-platform

UPI Gets MDR MakeoverAfter a decade of free UPI payments, NPCI will now impose an MDR for select high-value transactions starting October 15. The move marks UPI's most consequential monetisation shift yet.

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The End Of Free UPI, Fibe IPO Gets SEBI Nod & More #DH_SHARE_URL# By Inc42 via Dailyhunt

The End Of Free UPI, Fibe IPO Gets SEBI Nod & More

https://inc42.com/buzz/the-end-of-free-upi-fibe-ipo-gets-sebi-nod-more

The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹10 Lakh on ride unicorn Rapido for misleading advertisements, unfair trade practices, unfair contract and dark patterns, where consumers are prompted to pay more before their rides are confirmed.

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CCPA Penalises Rapido Over 'Advanced Tipping' Prompts #DH_SHARE_URL# By Inc42 via Dailyhunt

CCPA Penalises Rapido Over 'Advanced Tipping' Prompts

https://inc42.com/buzz/ccpa-penalises-rapido-over-advanced-tipping-prompts

Foodtech unicorn Rebel Foods managed to cut its net loss for the fiscal year FY26 by 16.3% to ₹281.8 Cr from ₹336.6 Cr in the previous fiscal.

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Rebel Foods Cuts FY26 Loss By 16% To ₹282 Cr, Revenue Jumps 21% #DH_SHARE_URL# By Inc42 via Dailyhunt

Rebel Foods Cuts FY26 Loss By 16% To ₹282 Cr, Revenue Jumps 21%

https://inc42.com/buzz/rebel-foods-cuts-fy26-loss-by-16-to-%e2%82%b9282-cr-revenue-jumps-21

After months of anticipation, UPI operator National Payments Corporation of India (NPCI) has introduced the merchant discount rate (MDR) fees framework for select high-value UPI transactions.

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NPCI Sets 0.4% MDR On P2M UPI Transactions Over ₹2,000 #DH_SHARE_URL# By Inc42 via Dailyhunt

NPCI Sets 0.4% MDR On P2M UPI Transactions Over ₹2,000

https://inc42.com/buzz/npci-sets-0-4-mdr-on-p2m-upi-transactions-over-%e2%82%b92000

The Delhi High Court has asked the RBI to mediate a dispute involving Prosus-backed fintech platform PayU Payments, YES Bank, ICICI Bank, other acquiring banks, and Visa over interchange reimbursement fee (IRF) claims arising from the alleged misclassification of merchant category codes (MCCs).

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Delhi HC Asks RBI To Mediate PayU's Dispute With Banks, Visa #DH_SHARE_URL# By Inc42 via Dailyhunt

Delhi HC Asks RBI To Mediate PayU's Dispute With Banks, Visa

https://inc42.com/buzz/delhi-hc-asks-rbi-to-mediate-payus-dispute-with-banks-visa

HR tech unicorn Darwinbox has received a follow-on investment from Teachers' Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan.

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Teachers' Venture Growth Doubles Down On Darwinbox With Fresh Investment #DH_SHARE_URL# By Inc42 via Dailyhunt

Teachers' Venture Growth Doubles Down On Darwinbox With Fresh Investment

https://inc42.com/buzz/teachers-venture-growth-doubles-down-on-darwinbox-with-fresh-investment

IPO-bound NODWIN Gaming has launched NODWIN Sports, a mainstream sports vertical focused on developing sporting properties, mass-participation events, and commercial partnerships.

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NODWIN Gaming Launches Sports Vertical, Ex-Adidas Executive Gurbaksh Virdi To Lead #DH_SHARE_URL# By Inc42 via Dailyhunt

NODWIN Gaming Launches Sports Vertical, Ex-Adidas Executive Gurbaksh Virdi To Lead

https://inc42.com/buzz/nodwin-gaming-launches-sports-vertical-ex-adidas-executive-gurbaksh-virdi-to-lead

AI-powered content platform Flam has raised $40 Mn (around ₹383 Cr), via a mix of primary and secondary deals, in its Series B funding round led by QED Investors.

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Flam Bags $40 Mn To Offer Immersive Content To Enterprises #DH_SHARE_URL# By Inc42 via Dailyhunt

Flam Bags $40 Mn To Offer Immersive Content To Enterprises

https://inc42.com/buzz/flam-bags-40-mn-to-offer-immersive-content-to-enterprises

Opening doors for the reintroduction of the merchant discount rate (MDR) on high-value UPI payments, the finance ministry has notified amendments to the Payment and Settlement Systems Act (PSSA), 2007. 

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Govt Notifies New Rules, No MDR For UPI Transactions Under ₹2,000 #DH_SHARE_URL# By Inc42 via Dailyhunt

Govt Notifies New Rules, No MDR For UPI Transactions Under ₹2,000

https://inc42.com/buzz/govt-notifies-new-rules-no-mdr-for-upi-transactions-under-%e2%82%b92000

Fintech unicorn Moneyview has trimmed the size of its initial public offering (IPO) significantly a couple of months after the markets regulator SEBI greenlit the issue. In a public announcement today, the company announced that it has halved the fresh issue component of the IPO to ₹750 Cr, from the initially proposed ₹1,500 Cr and trimmed the offer for sale (OFS) component to 10.04 Cr equity shares from 13.6 Cr.

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Moneyview Cuts IPO Size After SEBI Nod, Halves Fresh Issue Component To ₹750 Cr #DH_SHARE_URL# By Inc42 via Dailyhunt

Moneyview Cuts IPO Size After SEBI Nod, Halves Fresh Issue Component To ₹750 Cr

https://inc42.com/buzz/moneyview-cuts-ipo-size-after-sebi-nod-halves-fresh-issue-component-to-%e2%82%b9750-cr

IPO-bound InsuranceDekho's cofounders - CEO Ankit Agrawal and CTO Ish Babbar - are in talks to step down from their executive roles due to disagreement with board members about the strategic direction of the recently merged business, sources told Inc42. 

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IPO-Bound InsuranceDekho's Cofounders Mull Move To Promoter Roles, Company Denies #DH_SHARE_URL# By Inc42 via Dailyhunt

IPO-Bound InsuranceDekho's Cofounders Mull Move To Promoter Roles, Company Denies

https://inc42.com/buzz/ipo-bound-insurancedekhos-cofounders-mull-move-to-promoter-roles-company-denies

Startup News

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Inc42

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Brandlabs

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Electric Vehicles

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Startup Ecosystem

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Dharamshala (Himachal Pradesh) [India], September 16 : The second session of the 18th Tibetan Parliament-in-Exile began with the inaugural address by Speaker Dolma Tsering, followed by solidarity and obituary resolutions for people who lost their lives to the Nepal floods, among others.

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Tibetan parliament-in-exile strongly condemns ‘ethnic unity’ law as 2nd session of 18th parliament begins in Dharamshala #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Tibetan parliament-in-exile strongly condemns ‘ethnic unity’ law as 2nd session of 18th parliament begins in Dharamshala

https://www.lokmattimes.com/international/tibetan-parliament-in-exile-strongly-condemns-ethnic-unity-law-as-2nd-session-of-18th-parliament-begins-in-dharamshala

Kathmandu [Nepal], September 16 : Nepal has formed a seven-member expert committee to determine the origin, cause and sequence of events behind the Tibet-Nepal floods, which has a deadline of two months to submit its report.

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Nepal forms 7-member expert committee to determine origin, cause and sequence of events behind Tibet- Nepal floods #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Nepal forms 7-member expert committee to determine origin, cause and sequence of events behind Tibet- Nepal floods

https://www.lokmattimes.com/international/nepal-forms-7-member-expert-committee-to-determine-origin-cause-and-sequence-of-events-behind-tibet-nepal-floods

Balochistan [Pakistan] September 16 : The Baloch Yakjehti Committee (BYC) has raised concerns over what it described as a loss of public trust in Balochistan’s judiciary, alleging that judicial proceedings involving its leaders have been affected by pressure and prolonged delays.

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Pakistan: Baloch Yakjehti Committee raises concerns over judicial independence, delays in bail and appeals #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Pakistan: Baloch Yakjehti Committee raises concerns over judicial independence, delays in bail and appeals

https://www.lokmattimes.com/international/pakistan-baloch-yakjehti-committee-raises-concerns-over-judicial-independence-delays-in-bail-and-appeals

Rawalakot [PoJK], September 16 : The Human Rights Council of Pakistan-occupied Jammu &amp; Kashmir (HRC-PoJK) has expressed concern over reports of alleged physical violence against a minor nursery student at a government primary school in Intalyaan village of Leepa Valley, while also raising concerns over the prolonged unrest in parts of PoJK.

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HRC-PoJK raises concern over alleged violence against minor student, calls for dialogue amid 100 days of unrest #DH_SHARE_URL# By Lokmat Times via Dailyhunt

HRC-PoJK raises concern over alleged violence against minor student, calls for dialogue amid 100 days of unrest

https://www.lokmattimes.com/international/hrc-pojk-raises-concern-over-alleged-violence-against-minor-student-calls-for-dialogue-amid-100-days-of-unrest

New Delhi [India], September 16 : The Pakistani naval vessel involved in a collision with an Indian Navy ship in the North Arabian Sea on Tuesday evening was PNS Hunain, an Offshore Patrol Vessel of the Pakistan Navy, sources said on Wednesday.

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Pakistan's PNS Hunain involved in collision with Indian Navy vessel in Arabian Sea: Sources #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Pakistan's PNS Hunain involved in collision with Indian Navy vessel in Arabian Sea: Sources

https://www.lokmattimes.com/international/pakistans-pns-hunain-involved-in-collision-with-indian-navy-vessel-in-arabian-sea-sources

Colombo [Sri Lanka], September 16 : Sri Lanka President Anura Kumara Dissanayake on Wednesday laid the foundation stone for a new two-storey Accident and Emergency Unit at the District General Hospital in Mannar, a project supported by an Indian grant of SLR 600 million, the Indian High Commission in Sri Lanka said.

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Sri Lanka President Dissanayake lays foundation stone for India-backed emergency unit at Mannar hospital #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Sri Lanka President Dissanayake lays foundation stone for India-backed emergency unit at Mannar hospital

https://www.lokmattimes.com/international/sri-lanka-president-dissanayake-lays-foundation-stone-for-india-backed-emergency-unit-at-mannar-hospital

Kathmandu [Nepal], September 16 : Indian Ambassador to Nepal, Naveen Srivastava, on Wednesday made a farewell call on Foreign Minister Shisir Khanal and Foreign Secretary Amrit Bahadur Rai.

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Indian envoy Naveen Srivastava makes farewell call on Nepal FM Khanal #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Indian envoy Naveen Srivastava makes farewell call on Nepal FM Khanal

https://www.lokmattimes.com/international/indian-envoy-naveen-srivastava-makes-farewell-call-on-nepal-fm-khanal

Geneva [Switzerland], September 16 : Rajasthan Samgrah Kalyan Sansthan (RSKS India) Chief Executive Officer SN Sharma has called for stronger international action against cross-border networks that finance, train, facilitate or support armed violence, saying accountability must extend beyond national borders.

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RSKS India seeks global action against cross-border terror networks at UNHRC #DH_SHARE_URL# By Lokmat Times via Dailyhunt

RSKS India seeks global action against cross-border terror networks at UNHRC

https://www.lokmattimes.com/international/rsks-india-seeks-global-action-against-cross-border-terror-networks-at-unhrc

Brussels [Belgium], September 16 : European Commission President Ursula von der Leyen on Wednesday invited Canada to become the European Union's first "associate member", signalling a push by Brussels and Ottawa to deepen economic and strategic ties amid growing uncertainty in transatlantic trade relations.

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Von der Leyen opens EU’s door to Canada, invites Ottawa to become first "Associate Member" #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Von der Leyen opens EU’s door to Canada, invites Ottawa to become first "Associate Member"

https://www.lokmattimes.com/international/von-der-leyen-opens-eus-door-to-canada-invites-ottawa-to-become-first-associate-member

Texas [US], September 16 : Union Power Minister Manohar Lal Khattar highlighted India's progress in strengthening energy security, expanding clean energy and improving regulatory efficiency at the G20 Energy Abundance Working Group meetings in Houston, Texas, while holding bilateral discussions with senior US and Canadian officials on cooperation in emerging energy technologies.

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India highlights energy security, clean power and emerging tech at G20 Energy meeting in Houston #DH_SHARE_URL# By Lokmat Times via Dailyhunt

India highlights energy security, clean power and emerging tech at G20 Energy meeting in Houston

https://www.lokmattimes.com/international/india-highlights-energy-security-clean-power-and-emerging-tech-at-g20-energy-meeting-in-houston

Tshwane [South Africa], September 16 : The Defence Research and Development Organisation (DRDO) is showcasing advanced weapons systems and indigenous defence technologies at the Africa Aerospace and Defence (AAD) 2026 Exhibition in Tshwane, South Africa.

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DRDO showcases indigenous defence technologies at Africa Aerospace and Defence Expo in South Africa #DH_SHARE_URL# By Lokmat Times via Dailyhunt

DRDO showcases indigenous defence technologies at Africa Aerospace and Defence Expo in South Africa

https://www.lokmattimes.com/international/drdo-showcases-indigenous-defence-technologies-at-africa-aerospace-and-defence-expo-in-south-africa

Geneva [Switzerland] September 16 : On the sidelines of the 63rd session of the United Nations Human Rights Council (UNHRC), Oxford University student Sophia Howard shared her observations on India’s education system, the National Education Policy (NEP) 2020 and the role of sustainable practices in education.

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Oxford student highlights India’s holistic education approach, praises Akshar Foundation model #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Oxford student highlights India’s holistic education approach, praises Akshar Foundation model

https://www.lokmattimes.com/international/oxford-student-highlights-indias-holistic-education-approach-praises-akshar-foundation-model

Washington DC [US], September 16 : The US Department of Justice has unsealed charges against five individuals allegedly working for Russian intelligence services to carry out attacks and murders around the world, including in the United States.

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US charges five linked to Russian intelligence over alleged global murder, terror plots #DH_SHARE_URL# By Lokmat Times via Dailyhunt

US charges five linked to Russian intelligence over alleged global murder, terror plots

https://www.lokmattimes.com/international/us-charges-five-linked-to-russian-intelligence-over-alleged-global-murder-terror-plots

New Delhi [India], September 16 : India on Wednesday summoned the Charge d'Affaires of the Pakistan High Commission in New Delhi and lodged a strong protest over the “unacceptable and unprofessional conduct” of Pakistani naval units that led to a collision with an Indian Navy vessel in the Arabian Sea.

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https://www.lokmattimes.com/international/india-summons-pakistan-cda-lodges-strong-protest-over-naval-collision-in-arabian-sea