Business

Nykaa Shares Fall 5% After ₹1,210 Cr Deal

Nykaa shares dropped nearly 5% after a ₹1,210 crore block deal involving early investor Harindarpal Singh Banga. The move sparked concerns over insider exits, despite the company’s strong Q4 showing with a threefold rise in profit and 25% growth in beauty sales. As Nykaa pushes into fast delivery and fashion, questions remain—passing cloud or early signs of change?

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CIMware Secures $2.3M for Data Centre Management

CIMware, a Bengaluru-based deeptech startup, has raised $2.3M in its first institutional round led by Transition VC. Their game-changing Composable Infrastructure Modules promise up to 80% energy savings and 66% lower capital costs. Backed by the Department of Telecommunications and targeting global markets, CIMware is gearing up to redefine data centre management in the AI era.

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Eight Roads Offloads Stakes in $50M Secondary Deal

Eight Roads Ventures has exited its stakes in MoEngage, Shadowfax, and Whatfix through a $50M secondary deal with TR Capital. With IPOs still sluggish, this move signals the growing momentum of secondary transactions in India. These aren’t early-stage bets—they’re mature, high-growth companies now backed by one of Asia’s leading secondaries investors. This isn’t just an exit. It’s a shift in how India’s startup ecosystem defines success.

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Zango Raises $4.8M to Advance AI Compliance Tools

Zango just raised $4.8M to revolutionize AI-powered compliance. Backed by Nexus Venture Partners and global fintech leaders, this Bengaluru-born startup is redefining how financial institutions handle regulatory chaos. With live clients like Monzo and Novobanco, and plans to expand into insurance and asset management, Zango is turning compliance into a competitive advantage. This isn’t hype, it’s execution.

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Jumbotail Joins Unicorn Club After $120M Funding Round

Jumbotail has officially joined the Unicorn Club, raising $120M in Series D led by SC Ventures, with strong support from Artal Asia. The B2B marketplace, founded in 2015, is transforming India’s kirana economy serving 500K+ retailers across 400 towns. With revenue doubling in FY23 and the acquisition of Solv India, Jumbotail is betting big on scale and fintech, even as profitability takes a backseat for now.

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