India's startup ecosystem saw a Rs 1,27,500-crore Semicon 2.0 push, a new NPCI framework for AI-agent UPI payments, Zerodha's merchant banking approval, and a wave of funding across aerospace, deeptech and EV infrastructure this week.
Accel-backed furniture and appliance rental platform Rentomojo has filed its Red Herring Prospectus for a ₹1,256 crore IPO, opening September 9, at a price band that values the company at roughly ₹4,200 crore — about five times its last private valuation.
Flipkart's quick-commerce arm Minutes is closing the order-value gap with market leader Blinkit, helped by its strength in mobile phones and electronics, according to a UBS report that also flags an intensifying, increasingly capital-heavy quick-commerce race.
Used-car marketplace Cars24 reported an 18.3% decline in FY26 revenue to ₹5,092 crore, with its core auction and retail business falling 22.7%, even as the company narrowed its net loss and continued a wave of senior leadership exits.
Bengaluru-based Slice has raised $100 million at a valuation of roughly $450 million, a steep reset from its earlier unicorn valuation, as the fintech pivots to profitability following its transformation into a licensed small finance bank.
Bengaluru-based Ultrahuman has raised $70 million at a $365 million valuation, with backing from Qualcomm Ventures, as it looks to turn its smart ring into a standalone computing device running on-device AI and games.
Hyderabad-based power electronics startup Leanwatts has raised approximately $2 million in seed funding led by Trivest Partners to scale its India-engineered EV charging hardware and expand into new power electronics applications.
Bengaluru-based semiconductor metrology startup Makr Microsystems has raised ₹10.2 crore in a seed round led by Bluehill VC, building technology to inspect hidden defects beneath chip surfaces without damaging them.
Sydney-founded Gridsight has raised a $26 million Series B led by Insight Partners to expand its AI-powered grid capacity management platform in the U.S. and Australia.
European growth-equity firm Revaia has appointed Marc-Étienne Mercadier as Partner to co-lead its debut energy transition fund, joining Jean-Patrice Bellier at the helm of the new investment platform.