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upGrad appoints Mukesh Mundra as CFO
Edtech firm upGrad has named Mukesh Mundra as its new chief financial officer (CFO), replacing Venkatesh Tarakkad, who held the position for almost two years after taking charge in March 2024.
A chartered accountant and certified financial analyst, Mundra brings over 26 years of experience across finance leadership roles in the media, telecom, manufacturing, and consumer sectors.
Mundra joins upGrad from JioStar, where he led the finance division. Before that, he spent more than eight years as CFO at Viacom18 Media.
During the earlier stages of his career, he worked at companies including Idea Cellular, Grasim Industries, and the Anand Rathi Group.
Cashfree Payments' revenue touches close to Rs 1,000 Cr in FY26
Fintech startup Cashfree Payments has registered a revenue of close to Rs 1,000 for FY26 and achieved earnings before interest, taxes, depreciation and amortisation (EBITDA) profitability for the month of March this year.
A statement from the company said it is on track to achieve a full-year EBITDA profitability in the current financial year. The gross transaction value grew by 78% year-on-year in the fourth quarter of FY26.
"We clocked in significant GTV growth that generated strong revenue performance, and with efficient cost management, we achieved EBITDA profitability in March 2026," Cashfree Payments Co-founder & CEO Akash Sinha said.
Funding news
Fairdeal.Market raises $15M in Series A round led by Bertelsmann India
Fairdeal.Market, a B2B quick-commerce platform, has raised $15 million in a Series A funding round led by Bertelsmann India Investments (BII), with participation from WaterBridge Ventures and the Incubate Asia Fund.
Fairdeal.Market plans to use the funds to scale its dark-store network, strengthen its technology and data infrastructure, deepen retailer engagement, and expand last-mile delivery capabilities. The startup currently operates across the Delhi-NCR region.
Founded in 2022 by brothers Prateek Bansal and Yash Bansal, Fairdeal.Market delivers over 1,000 SKUs to retailers in 60 minutes by combining real-time inventory visibility, transparent pricing, and fast fulfilment.
Flexprice raises $1.5M seed round led by Shastra VC
Flexprice has announced a $1.5 million seed funding round led by Shastra VC, co-led by Anupam Mittal, founder of People Group and one of India's most prominent entrepreneurs, and TDV Partners, which doubled down on its initial investment in the company.
The company grew revenue 6X last quarter, while its event processing volume scaled to more than 20 billion events per month over the past year, up 20x.
The new funding will support two priorities: accelerating global expansion across the US and Europe and building new product surfaces that extend Flexprice beyond billing into AI-native finance. Covering metering, revenue recognition, and financial reporting through AI workflows.
Pramatra Space raises pre-seed funding
Pramatra Space has raised an undisclosed pre-seed funding round led by Seafund Ventures.
The round also saw participation from Rebalance, Magnivia Ventures with its partner, Peaceful Progress Fund, and notable angel investors such as Awais Ahmed, Founder of Pixxel Space. Early investors include Techstars (US), Neel Mehta (Founder of Roh Ventures), Raghunath Das (Co-Founder of Almagest Space), and Bhavya Doshi (Director at KRISS Portfolio), with other angel investors.
Founded in 2023 by Richa and Vinay Hukumchand, Pramatra Space is on a mission to make enterprises quantum-resilient before Q-Day
The company has booked an in-orbit demonstration mission for its payload in partnership with a satellite bus manufacturer for 2027. The capital raised will be deployed to advance the PIC chip toward flight qualification and accelerate product development.
Bucketlistt raises Rs 1.07 Cr in pre-seed funding
Experiences marketplace startup Bucketlistt has raised Rs 1.07 crore in a pre-seed angel funding round at a post-money valuation of Rs 10.07 crore. The round saw participation from investors including Arvind Choudhar, Aenik Shah, Kartik Khatri, and Yash Mehta.
Founded by Shubham Makhecha, Nitant Desai, and Divyam Shah, the company operates a curated marketplace for verified travel and adventure experiences across India. Bucketlistt has also launched OkGhumo, an ERP and CRM platform for experience operators. The startup plans to use the fresh capital to strengthen technology, expand its operator network, accelerate customer acquisition, and grow its team.
TIST Media raises seed funding from Sthira Partners
Mumbai-based creator economy startup TIST Media has raised an undisclosed amount in a seed funding round led by Sthira Partners. The company said the capital will be used to strengthen its team, enhance product infrastructure through its app, and scale creator and brand partnerships across India and international markets. TIST Media operates a platform that connects creators and brands through structured collaborations, streamlined payments, and measurable campaign partnerships. The startup aims to strengthen its presence in the rapidly growing creator economy sector by improving engagement tools and expanding its network of creators and businesses globally.
Other news
Juspay powers scalable EMI solutions on Flipkart through HyperCredit infrastructure
Juspay announced on Tuesday that its HyperCredit tech stack has driven significant growth in the EMI disbursement volumes for Flipkart's EMI program. The integration has helped drive an approximate 2X increase in new users opting for EMI solutions
The platform enables end-to-end loan journeys in just 5-7 minutes, matching customers with suitable lenders in real time via lender-configured orchestration logic.
Zendesk commits $100M to help startups build with AI
Zendesk has announced a $100 million, two-year commitment under its Zendesk for startups programme to help startups build AI-powered customer support systems and automate operations from an early stage.
The programme offers eligible startups up to two years of free access to Zendesk's AI suite, along with onboarding support, AI agents, automation tools, founder events and partner benefits from companies including AWS, GitHub and Notion.
Zendesk is also expanding the program to venture capital firms such as a16z, Techstars and 500 Global by providing AI workshops, portfolio support and access to Zendesk executives.
AlmaBetter partners with NASSCOM to skill 2 lakh professionals in AI
(L) Sheeba Thomas - Head of Partnerships at Nasscom (R) Jibbi James - Director Partnership Almabetter, Ravi Kumar Gupta, CEO & Co-Founder Almabetter
Backed by early investor Kalaari Capital, AlmaBetter has partnered with NASSCOM with the aim of upskilling and certifying two lakh professionals in AI and emerging technologies by FY2030.
The announcement comes alongside a fresh round of strategic funding of Rs 2 Cr, secured by AlmaBetter from an HNI educationist.
The fund will be deployed towards upskilling and nationwide access.
The company is supported by a network of 200+ industry mentors and hiring collaborations across 5,000+ companies, helping bridge the industry-academia gap at scale.
DashLoc strengthens global expansion
DashLoc has announced a significant growth milestone as it scales its presence in the multi-location brand management and digital business visibility space. The company now serves over 250 brands across sectors and has expanded its footprint to 12 countries.
Buoyed by a strong business pipeline and rising demand from enterprise and multi-location businesses, DashLoc is aiming to onboard more than 400 brands in the current financial year.
The company recently launched DashVoice, an AI-powered product designed to drive hyperlocal discovery, adding to its core offering, DashLocal, which has anchored its portfolio since inception.
Pepperfry reports first profitable quarter in Q4 FY26
Furniture and home marketplace Pepperfry Limited has announced its first profitable quarter in Q4 FY26, marking a key milestone in the company's growth journey. The company attributed the achievement to multiple strategic initiatives, including strengthening its omnichannel business model, improving conversion rates and average order values, and expanding its network of over 100 studios.
Pepperfry also highlighted gains in direct retail sales following its integration with TCC, as well as continued growth in its supply chain and marketplace ecosystem. Going forward, the company plans to expand its omnichannel footprint, strengthen B2B operations, and invest further in technology and logistics capabilities.
Drip Capital partners with YES BANK for MSME trade finance
Fintech firm Drip Capital has partnered with YES BANK to improve access to trade finance for MSMEs involved in international trade. The collaboration combines Drip Capital's digital trade finance platform with YES BANK's banking infrastructure to provide faster credit approvals, simplified documentation, and improved liquidity support. The companies said the partnership aims to address the persistent credit gap faced by MSMEs engaged in cross-border trade. By integrating digital underwriting capabilities with banking relationships, the initiative seeks to help exporters and importers scale operations and navigate the increasing complexities of global trade more efficiently.
AMU reports strong EV financing growth
Accelerated Money for U (AMU), an NBFC focused on green mobility and EV financing, has reported an average 60% revenue growth over FY24-25 and FY25-26, alongside a 25% increase in disbursements. The company's Assets Under Management grew around 45%, driven by rising demand for commercial and passenger EV financing across India. AMU has served over 25,000 borrowers and expanded through 50 strategic partnerships and 125 dealer additions. Growth was led by Tier 2 and Tier 3 markets, including Uttar Pradesh, Odisha, Bihar and Madhya Pradesh. The company plans to finance over 50,000 EVs while expanding into battery financing and clean-tech assets.
Wissen Technology achieves SOC 2 certification
Wissen Technology, a global technology consulting and digital transformation company, has announced that it has achieved SOC 2 certification. The certification validates the company's compliance with globally recognised standards related to security, confidentiality, privacy, processing integrity, and system availability. Wissen said the milestone strengthens its position as a trusted technology partner for enterprises in sectors including banking, telecom, and healthcare. The certification adds to the company's existing CMMI Level 3 and ISO 27001 credentials. SOC 2 certification is considered a key benchmark for technology companies offering cloud, AI/ML, and digital transformation services to enterprise clients worldwide.
Great Learning sees surge in non-tech professionals joining AI programmes
Edtech company Great Learning said professionals from non-technical educational backgrounds accounted for 66% of enrolments in its AI programmes during FY26. The company noted that professionals with over 12 years of experience accounted for nearly 64% of these enrolments.
Senior leaders from sectors including BFSI, healthcare, manufacturing, FMCG, retail, and education are increasingly adopting AI tools to improve productivity and operational efficiency. Great Learning said professionals across functions such as marketing, HR, finance, sales, and operations are exploring AI-powered automation to streamline workflows and enhance decision-making as AI adoption accelerates across businesses.
MIC Electronics partners with Honeywell Automation India
MIC Electronics Limited has entered into a partnership with Honeywell Automation India Limited to explore opportunities for collaboration in technology, automation, and industrial solutions. Signed in May 2026, the agreement creates a framework for both companies to evaluate strategic projects and exchange business information aligned with their respective expertise.
The partnership aims to combine MIC Electronics' strengths in electronics manufacturing and smart solutions with Honeywell's industrial automation capabilities. Both companies said the collaboration would help identify future business opportunities and support growth across industrial technology and automation sectors.
Electronics Mart India posts strong Q4 FY26 growth
Electronics Mart India Limited reported strong financial performance for Q4 FY26, with revenue from operations rising 15% year-on-year to Rs 1,913 crore. EBITDA increased 20% to ₹129 crore, while profit after tax surged 49% to Rs 40 crore. The company recorded same-store sales growth of 12.1% during the quarter. For FY26, revenue stood at Rs 7,183 crore, up 7% year-on-year, while EBITDA reached Rs 438 crore. Mobiles contributed 44% to annual sales, followed by large appliances at 43%. The retailer also reported pre-Ind AS operating cash flow of Rs 299 crore for the financial year.
Smarten Power launches HELIX solar PCU range
Smarten Power Systems has launched the eighth series of its MPPT Solar PCU range, branded HELIX 1100-1250, aimed at residential and rural users across India. Starting at Rs 5,350, the series includes HELIX 1100 and HELIX 1250 models built on a 12V architecture.
The HELIX 1100 supports up to 600W of solar panel input, while the HELIX 1250 supports up to 1200W. The products use Maximum Power Point Tracking technology to improve solar conversion efficiency compared to conventional PWM systems. The company expects strong demand supported by its nationwide distribution network and expanding solar ecosystem.
(This article will be updated with the latest news throughout the day.)