Breaking news, insights & smart analysis on the business of technology, startups & the new economy in India, from the reporters at The Economic Times.
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🆕Indian tech and startup funding rose to $141.5 million across 19 rounds during the week ended November 6, up 27.4% from the previous week's tally, per data from Tracxn. However, this was 35% lower than the same period last year.
Eloelo led deal activity with $80 million, followed by Peppermint Robotics at $10.6 million, altM at $10.3 million, Two Point O Capital at $10 million, and PowerUp Money at $10 million. Crane Venture Partners was among the most active investors.💸💰
Late-stage deals accounted for 56.5% of the capital raised, while early-stage transactions made up 22.8%. Seed-stage companies comprised 20.6%, with other deals accounting for the remaining 0.1%.
📲Read full story here👇
economictimes.indiatimes.com…
Quick commerce platforms witnessed a surge in demand on Dhanteras as consumers rushed to make last-minute purchases of occasion-specific products such as puja thalis, gold and silver coins and lightweight jewellery.🛵📿🪔
Heavy demand across platforms led to dark stores in multiple pincodes in Delhi, Mumbai, and Bengaluru temporarily pausing services on Friday due to a paucity of delivery executives.
📲Read full story by @dishaacharya_ and @AyantiBera here👇
economictimes.indiatimes.com…
ETtech #Top5 | US polls hit tech stocks; Qcomm’s Dhanteras gold rush
Also in the letter:
■ Honasa Q2 revenue jumps
■ Deepinder Goyal vs TheLiverDoc
■ Angel One overtakes Zerodha
Read more👇
economictimes.indiatimes.com…
📹 Explained: How #HouseofNykaa is driving growth and margins
Nykaa’s acquisition of celebrity makeup artist Namrata Soni’s Simply Nam highlights its strategy of building, partnering with and acquiring brands.
ETtech’s @dishaacharya_ decodes the strategy.
Read the explainer here: economictimes.indiatimes.com…
🛒 #Dhanteras rush: Quick commerce platforms flagged high demand, surge charges, and long delivery timelines in parts of Mumbai, Delhi, Pune, and Bengaluru on Friday, as shoppers rushed to place Dhanteras orders.
Read more:
economictimes.indiatimes.com…
Honasa Consumer revenue grows 36% in Q2, highest since listing
Read more:
economictimes.indiatimes.com…
🆕One MobiKwik Systems on Friday said its wholly owned subsidiary, MobiKwik Financial Services, has received a Certificate of Registration from the RBI to operate as a non-banking financial company (NBFC). This follows the central bank's in-principle nod in April 2026.
The NBFC aims to disburse loans worth Rs 5,000 crore over the next three to four years, offering secured and unsecured credit to consumers and MSMEs.
It expects to begin operations within three to six months through an asset-light co-lending model with banks and other NBFCs, as per a statement.
Read the full story here
economictimes.indiatimes.com…
👉 The shift marks a reversal from September, when Zerodha had a lead of nearly 36,000 clients over Angel One.
👉 Groww continued to retain its position as India's largest stockbroker by active clients.
Read here:
economictimes.indiatimes.com…
📢Soon after opening up its wearable device to the larger public, Temple, a startup founded by Deepinder Goyal, found itself at the centre of a heated exchange on X.
The entrepreneur sparred with hepatologist and social media personality Cyriac Abby Philips over allegations that the product’s claims of measuring blood flow to the brain lack scientific backing.
Read the full story here👇
economictimes.indiatimes.com…
📢Following Google and Microsoft, Meta is now reportedly offering voluntary exit packages to its employees.
Voluntary exits, unlike conventional layoffs, are programmes where an employer invites employees to leave their jobs by choice in exchange for a financial package and transition support.
So, why are companies opting for buyouts rather than layoffs?
Read the full story here👇
economictimes.indiatimes.com…
