The heartbeat of India's entrepreneurial ecosystem. From early-stage breakthroughs to unicorn milestones, we chronicle the journey of the builders defining the next decade.
Flipkart-owned fashion platform Myntra spent ₹2,326.5 crore on advertising and business promotion in FY26, about 40% of total expenses, as revenue from operations fell 13.5% to ₹5,242.5 crore. Excluding logistics, revenue rose 12%, advertising income jumped 35%, and the company swung to a net loss of ₹579.4 crore.
AI meeting assistant Otter.ai has raised $320 million in repayable growth financing from General Catalyst's Customer Value Fund, avoiding shareholder dilution, to expand its enterprise business. Chief executive Sam Liang said Otter, which has more than 40 million users and counts India among its top markets, aims to double or triple sales and marketing spending.
Bengaluru-based Hunar.AI has raised ₹40 crore (about $4.2 million) in a Series A led by Blume Ventures to scale conversational AI agents that recruit, onboard and train frontline workers in more than 20 languages. Its agents handled over 1.5 crore conversations through September for clients including Swiggy, Zepto and Starbucks.
“Innovation is not just about the idea; it's about the grit required to sustain it through the funding winters.”— KUNAL SHAH, CRED
Mumbai-based menswear brand The Pant Project has raised ₹109 crore in a Series B round led by Mirae Asset Venture Investments, with Sorin Investments returning and venture debt from Alteria Capital. The six-year-old company plans to expand from 25 exclusive stores to more than 150 within two to three years.
Study-abroad platform Leverage Edu more than doubled its operating revenue to ₹364.4 crore in FY26 and turned EBITDA positive, while cutting its net loss by 82% to ₹19.4 crore. Founder Akshay Chaturvedi says the company will sharpen its focus on AI, customer experience and new international markets.
B2B e-commerce platform Udaan returned to growth in FY26, lifting gross revenue 12.6% to ₹5,134 crore and cutting its net loss 19% to ₹852 crore as it prepares for a stock market listing.
Bengaluru's Spill Games, founded in 2024 by former PlaySimple team members, has raised a $10.5 million Series A led by Elevation Capital to scale its hit titles, launch new games and strengthen the AI tools behind its in-house Compass engine.
IT research and advisory firm Infotech, formerly Info-Tech Research Group, has acquired Bengaluru-based Zluri, whose SaaS management and identity governance products will become core modules of its new CIO Analytics platform.
Foundry, the new venture of former Dyson India and Middle East and Africa managing director Ankit Jain, has raised ₹12 crore from BEENEXT and Kettleborough VC to build premium home appliances, starting with a kitchen range due in the second half of 2027.