For FY25, Pine Labs posted a loss of Rs 145.49 crore, though that represented a 57.4% improvement from the Rs 341.90 crore loss in FY24.

The company board approved a Rs 3 crore investment to form a wholly-owned UAE subsidiary through its Singapore arm. The unit will focus on general trading activities, including selling products to service providers who operate on Urban Company's platform in the Emirates.

Revenue from operations climbed 37% to Rs 380 crore from Rs 277 crore in the year-ago period. Quarter-on-quarter revenue rose 3.5% from Rs 367 crore.

Commerce and Industry Minister Piyush Goyal said the government is committed to strengthening India's deeptech ecosystem, enhancing ease-of-doing business, reducing compliance burden, and promoting innovation and entrepreneurship.

Pine Labs' latest DRHP reflects a downsized offer compared with its earlier plan in June, when it had outlined a Rs 2,600 crore fresh issue and an OFS component of up to 147.8 million shares.

According to the updated DRHP, Shadowfax aims to deploy Rs 423.4 crore from the fresh issue toward expanding its logistics network infrastructure, and Rs 138.6 crore for lease payments related to new first-mile, last-mile, and sorting centres.

The sharp increase in venture capital funding into Indians startups was primarily driven by large value deals.

With the festive season ending, electric vehicle (EV) makers saw a jump in sales during October as consumers rushed in to cash in on attractive discounts and offers. SoftBank-backed Lenskarts IPO was fully subscribed on day one of its bidding.

In this photo essay from the fundraising exhibition at Bangalore International Centre, we showcase a range of artworks and artist insights on creativity.

October saw EV makers enjoy a sales boost, propelled by festive season demand, with OEMs like Ather Energy recording highest-ever monthly sales.

The last week of October saw a marginal dip in funding into Indian startups, but the overall momentum continues to remain upbeat.

Quess Corp Chairman Ajit Isaac talks about how flexible contracts, hybrid work models, and AI are reshaping employment across India's economic landscape.

Claim an early win in 10 minutesset your light-version plan and do it today. Track one tiny improvement this week and let momentum + discipline compound for years.

Lenskart's IPO, which opened today and will close on November 4, comprises a fresh issue of equity shares worth up to Rs 2,150 crore and an offer for sale of up to 127.5 million shares by existing shareholders.

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Heres the roundup for Friday, October 31, 2025.

Dabur Ventures will be led by Abhinav Dhall, Executive Director and Group Head of Corporate Strategy at Dabur India.

The funding will support Goyazs next phase of expansion, including widening retail presence in key cities, improving design and manufacturing, and strengthening online and offline integration.

Founded in 2017 by Nalin Agrawal, Anil Gelra, and Abhineet Sawa, Snapmint offers credit-free EMI options to consumers through UPI and serves more than 7 million monthly active users across 23,000 pin codes.

In an exclusive masterclass at TechSparks, Microsoft showcases how startups can move from automation to autonomyscaling securely in the era of agentic AI.

The companys IPO comprises of a fresh issue of equity shares worth up to Rs 2,150 crore and an offer for sale of up to 127.5 million shares by existing shareholders

The Seattle-based company's profits jumped nearly 39%, driven by AWSs robust growth and accelerating AI-linked demand.

As iPhone and services revenue hit new highs, Apple eyes another record-breaking holiday quarter, expanding its retail presence in key growth markets including India and ramping up new products amid supply constraints.

Swiggys quick commerce drive is impacting its bottomline, widening its Q2 losses by nearly 75% YoY to Rs 1,092 crore. While Instamarts gross order value and average order value both increased, its core operational loss widened significantly to Rs 739 crore.

While rivals add thousands of dark stores, Instamart added just 40 warehouses in Q2 FY26, focusing instead on boosting revenue from existing locations and larger facilities.

The partnership between Nasscom and UIDAI aims to open new pathways for startups in the ID-tech space to build solutions that can power the backbone of Indias digital identity infrastructure.

Hyderabad- and Cambridge-based biotech startup Helex will use the capital to advance its gene therapy platform and develop targeted treatments for inherited kidney disorders.

Captain Fresh swung to black in FY25 after suffering a loss in the previous year, while consolidated revenues rose nearly 2.5x during the fiscal year.

The proposed fundraise comes as the food-tech giant reported widening losses in Q2, weighed down by higher spending.

Swiggy posted revenue from operations of Rs 5,561 crore in FY25, up sharply from Rs 3,601 crore a year earlier. Total revenue climbed to Rs 5,620 crore.

According to the report, Bharat users already make up over 70% of Indias social media population, and a growing share of them engage primarily in regional languages.

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Heres the roundup for Wednesday, October 30, 2025.

Driven by robust cloud adoption and AI workloads, Microsoft has posted strong quarterly gains in the first quarter. Revenue rose 18% year-on-year while net profit surged 12%.

The fund will be set up in partnership with former CEO of Oman India Joint Investment Fund, Srinath Srinivasan

The deal lifts Drip Capitals total debt funding to more than $500 million, backed by institutions including Barclays, the World Banks International Finance Corporation, and East West Bank.

The newly-raised capital will be used to scale the firms payments, credit, and money management features and make it affordable, personalised, and seamless for its users.

Fintech company Jupiter aims to achieve operational breakeven within 24 months while doubling its user base over the next 2-2.5 years, it said.

upGrad has reported EBITDA profitability in FY25, marking a strong turnaround driven by steady revenue growth, operational efficiency, and its AI-led global expansion. The milestone underscores upGrads evolution into a scalable, profitable, and tech-driven learning powerhouse.

Since early 2023, General Atlantic has steadily expanded its stake in PhonePe through a series of investments that reflect deepening conviction in the fintechs prospects.

Billionbrains Garage Ventures Ltd., the parent of online investment platform Groww, has set a price band of Rs 95 to Rs 100 a share for its initial public offering, seeking a valuation of about Rs 61,736 crore.

The company plans to have a network of about 1,000 buses in the next couple of years as the firm looks to achieve overall profitability in FY26, the companys Co-founder and President Kapil Raizada told YourStory.

Shiprockets core businesswhich includes its domestic shipping platform and value-added technology solutions for merchantsgrew over 20% year-on-year to Rs 1,306 crore.

The funding will be used to accelerate product innovation, strengthen its AI capabilities, and expand the companys market footprint across India and international markets.

Meta reported robust third-quarter revenue driven by ad demand, but a $15.9 billion one-time tax charge weighed on its profit. Revenue climbed 26% to $51.2 billion, while net profit dipped 83% to $2.7 billion.

Alphabet increased its full-year capex outlook to $91 billion93 billion, joining its peers who are ramping up data centre investments amid surging AI demand.

Lastly, now that you know YourStory is back with its flagship event TechSparks, arent you curious about the speakers for this edition? We wont keep that a secret from our dear readers!

Indian farmers are eyeing electric tractors and turning to these vehicles to cut down on operational costs, and companies like AdvantEdge-backed Moonrider are rushing to capitalise on this demand.

In an interaction with YourStory, Kapil Makhija, MD and CEO of Unicommerce, says the Shipway acquisition has deepened its logistics capabilities and fast-tracked growth.

Lenskart, one of Indias most iconic startup success stories, isnt just a tale of profit and expansionits a purpose-driven revolution.

Profit before share of loss of an associate, exceptional items, and tax turned to a loss of Rs 2.49 crore from a profit of Rs 19.45 crore a year earlier, including a one-time ESOP expense of Rs 26.93 crore in the quarter.

During the quarter, the company recorded its total insurance premium reaching Rs 7,605 crore, up 39.5% from Rs 5,450 crore in Q2 FY25.