Inc42

SUMMARY The public issue will comprise a fresh issue of shares worth up to ₹950 Cr and an offer for sale of up to 17.86 Cr shares Temasek Holdings, via MacRitchie Investments, Schroders Capital, Accel, Tata Digital and cofounder Mukesh Bansal are among selling shareholders Cult.fit operated 708 fitness centres across India and had more than ​9.87 Lakh ​paid members as of March 31, 2026 Fitness unicorn Cult.fit has filed its draft red herring prospectus (DRHP) to raise over ₹950 Cr through its...

NoBroker Rewrites Playbook In Search Of Profits After a decade, the proptech unicorn is shifting from a pure listings engine to a home-buying marketplace and a multi-vertical consumer ecosystem. So, can ancillary services finally deliver profitability for NoBroker? Ditching The Freemium Model: For a long time, NoBroker offered free access to nearly 90% of its users. But it is now rejigging its monetisation model and focusing more on high-margin property resales and real estate launches.

SUMMARY While 25% (₹9.98 Cr) of the amount, will be disbursed after the closing of the agreement, the remaining 75% (₹29.9 Cr) will be paid in three equal tranches between 2027 and 2029 Post the transaction, Info Edge will hold 100% stake in Coding Ninjas.

SUMMARY From a brokerless property platform, NoBroker is pretty much like a real estate brokerage today — with home loans, real estate services and home services becoming a key focus beyond listings and rentals According to cofounder Saurabh Garg, ancillary businesses like financial services and home services combined now contribute nearly 50% of total revenue, though the company has not filed its financials in the past two years NoBroker is targeting profitability in the next 12–15 months,...

SUMMARY Kunal Kapoor, Varun Sheth, and Zaheer Adenwala have launched MetaGO, a doctor-led healthtech platform aimed at addressing obesity and metabolic diseases The founders aim to shift metabolic healthcare from emergency interventions to early, continuous management before medical treatment is required MetaGO’s launch ties into the broader healthtech 2.0 trend of startups focusing on personalised precision healthcare Actor Kunal Kapoor has partnered with crowdfunding platform Ketto’s...

SUMMARY Walmart-owned ecommerce major Flipkart has announced its second ESOP liquidity event over the past year Under the Flipkart Stock Option Plan 2026, all active employees on the company's rolls as of July 15, 2026 will be eligible to participate.

SUMMARY Capillary Technologies said one of its step-down subsidiaries was hit by a financial services-related cyberfraud worth €3 Mn, of which it has recovered €450K The cyber fraud highlights growing cybersecurity risks brought forth by the use of AI and the need for companies to build defenses against the threat Its most recent acquisition was global card network MasterCard’s customer engagement and loyalty platform SessionM, which it snagged in February for $20 Mn SaaS company Capillary...

SUMMARY SEBI has given its go ahead to furniture and appliance rental startup Rentomojo’s initial public offering The approval comes over three months after Rentomojo filed its draft IPO papers. As per the DRHP, the proposed IPO will comprise a fresh issue of shares worth up to ₹150 Cr and an offer for sale (OFS) of up to 2.84 Cr shares by existing shareholders Investors including Accel, Chiratae, Edelweiss Mutual Fund and GMO Venture plan to sell shares through the OFS.

SUMMARY Pharmaceutical-sector focused AI startup Graph AI is in talks to raise $14 Mn (about ₹133 Cr) in a Series A funding round, sources told Inc42. As AI transforms drug discovery and safety landscape, investors are aggressively backing AI-native startups to capitalise on the opportunity the tech provides The funding round will be led by US-based Insights Partners, and will also see participation from existing investors, including Bessemer Venture Partners.

SUMMARY Taking to LinkedIn, Gupta said that he is moving on from PhonePe to “build from scratch, solve hard problems, find PMF, and earn the right to scale." The IIM-B alum joined PhonePe as VP for product, UX/UI, risk and CX in 2016 These exits came at a time when PhonePe has deferred its IPO plans, citing market instability In another leadership exit at IPO-bound fintech major PhonePe, PhonePe Insurance Broking Services’ CEO Vishal Gupta has quit and founded a new stealth startup.