According to the company’s unaudited financial results sourced from the National Stock Exchange (NSE), revenue from operations increased to Rs 528 crore in Q1 FY27 from Rs 367 crore in the corresponding quarter last year.

The India Consumer Services business, excluding InstaHelp, remained the company’s largest revenue contributor, accounting for more than 67% of operating revenue. Revenue from the segment grew 31% YoY to Rs 356 crore during the quarter.

Urban Company’s Native brands business reported a 58% YoY increase in revenue to Rs 95 crore, compared with Rs 60 crore in Q1 FY26. Meanwhile, its international business recorded 81% YoY growth, contributing Rs 65 crore during the quarter.

The company’s quick-service housekeeping business, InstaHelp, generated Rs 11.11 crore in revenue during Q1 FY27. However, the segment posted an EBITDA loss of Rs 131.58 crore, up 11% sequentially from Rs 118.73 crore in Q4 FY26.

Urban Company also earned Rs 38 crore from non-operating sources, taking its total income to Rs 566 crore. On a sequential basis, overall revenue increased 23% from Rs 462 crore reported in the previous quarter.

On the expenditure front, employee benefit expenses rose 53% YoY to Rs 151 crore, while the cost of materials consumed increased 45% to Rs 100 crore.

Higher finance costs, depreciation and amortisation expenses, along with other operating costs, pushed the company’s total expenditure to Rs 640 crore, up from Rs 384 crore in Q1 FY26.

Despite recording robust revenue growth, Urban Company reported a net loss of Rs 92 crore during the quarter, compared with a profit of Rs 7 crore in the same period last year. The decline was primarily driven by continued investments in scaling InstaHelp.

Following the earnings announcement, Urban Company’s shares closed 6% lower at Rs 129.39 at the end of Friday’s trading session, giving the company a market capitalisation of Rs 19,894 crore (approximately $2.1 billion).

According to a BSE circular, the company allotted more than 6.96 lakh equity shares to six anchor investors at Rs 159 per share. The anchor investors include Subhkam Ventures (I) Pvt Ltd, Kuber India Opportunity Fund, Ekamya Pragati Scheme I, and others.

Klassroom plans to list its shares on the BSE SME platform, with the tentative listing scheduled for August 7.

The IPO comprises a fresh issue of up to 19.89 lakh equity shares and an Offer for Sale (OFS) of up to 4.65 lakh equity shares by existing promoters and investors.

The company plans to use the net proceeds from the fresh issue to repay borrowings, strengthen its technology platform, and invest in artificial intelligence (AI) and machine learning (ML) model development. It will also allocate funds toward building server and cloud infrastructure, developing educational content, procuring desktops and laptops for AI/ML laboratories at new offline centres, undertaking marketing initiatives, and meeting general corporate expenses.

Founded in 2016, Fusion Klassroom Edutech offers professional and competitive examination coaching through digital and hybrid learning models. Its course portfolio includes preparation for Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountancy (CMA) and other commerce-related examinations.

For FY26, the company reported total income of Rs 23.10 crore and profit after tax of Rs 7.6 crore.

Narnolia Financial Services is acting as the sole book-running lead manager for the issue.

With fresh capital secured from anchor investors, Klassroom is set to launch its Rs 39.04 crore SME IPO as it looks to strengthen its technology capabilities, expand AI-driven learning infrastructure and scale its hybrid education platform. The public issue marks a key milestone in the company’s growth strategy as it seeks to broaden its presence in India’s professional and competitive exam coaching market.

The latest investment follows the company’s $10 million Series A funding round in June 2024, which Omnivore and Narotam Sekhsaria Family Office (NSFO) co-led after Sid’s Farm secured $1 million in bridge funding from its customers and their referrals in January 2023.

Sid’s Farm plans to use the fresh capital to strengthen its supply chain, expand its manufacturing and distribution capabilities, invest in product innovation, deepen partnerships with dairy farmers and enter new markets.

Dr. Kishore Indukuri founded Sid’s Farm in 2016 as a direct-to-consumer dairy brand offering milk and a range of food products. The company said it tests every batch of milk across more than 45 quality and safety parameters and conducts over 10,000 quality tests daily.

The company currently partners with more than 5,000 dairy farmers, supporting them through fair procurement practices, veterinary services and farmer education programmes.

Sid’s Farm serves over 50,000 families across multiple cities and plans to leverage the latest funding to accelerate its next phase of growth while expanding the availability of its dairy products in new markets.

The company competes with Country Delight and Akshayakalpa Organic in India’s direct-to-consumer dairy segment.

Truth & Hair gained national visibility after appearing on Shark Tank India Season 5, where it secured an on-air investment offer from Varun Alagh, co-founder of Mamaearth. Since then, the company has built a differentiated portfolio featuring products such as the Root Touch-Up Hair Mascara, 3-in-1 Curly Styler, and Flyaway Wand, expanding the hair care category beyond conventional shampoo-and-conditioner offerings while attracting significant media attention.

Commenting on the investment, Vinay Bansal, Founder & CEO of Inflection Point Ventures, said, “Consumers today are increasingly looking for products that are tailored to their individual hair needs rather than one-size-fits-all solutions. Truth & Hair has built a differentiated product line that combines science-backed formulations with everyday usability, making specialized hair makeup & styling and care accessible to a wider range of consumers. Saumya’s deep domain expertise and the team’s ability to identify underserved consumer needs give us confidence in the brand’s long-term potential. We are excited to partner with them as they continue to scale.”

Speaking on the funding, Saumya Alagh, Founder of Truth & Hair, said, “⁠Consumer expectations in the beauty and personal care space are evolving rapidly, creating a significant opportunity for brands that combine innovation with strong customer engagement. This investment from IPV will enable us to deepen our product portfolio, strengthen our distribution network, and invest further in brand building. We’re excited to partner with a team that shares our long-term vision and is committed to helping us build a market-leading business.”

Certified trichologist Saumya Alagh founded Truth & Hair in 2024 after building NYNM (Naturally You and Me), India’s first platform dedicated to international curly-hair brands and community, in 2018.

Co-founder and Chief Business Officer Shailesh Singh brings leadership experience from companies including GE, Max, and PeopleStrong. The founders previously built and scaled NYNM at a time when India’s curly-hair segment lacked dedicated brands, an experience that now shapes Truth & Hair’s focus on addressing another underserved category in the beauty market.

As the company expands its product portfolio and market presence, the latest funding expects to support its next phase of growth and strengthen its position in India’s evolving hair beauty and styling segment.

The fintech company also turned profit before tax (PBT) positive at Rs 38 crore, compared with a loss of Rs 5 crore a year earlier. Pine Labs said its contribution margin remained strong at 72.3 per cent, or Rs 533 crore, while adjusted EBITDA stood at Rs 126 crore, representing a 17.1 per cent margin.

The strong quarterly performance reflects continued growth in India’s digital payments ecosystem, where rising UPI adoption, merchant digitisation and embedded financial services are driving demand for integrated payment infrastructure.

During the quarter, Pine Labs processed approximately Rs 4.22 lakh crore in gross transaction value (GTV), or nearly USD 45 billion, highlighting increasing preference among merchants and banking partners for its payments infrastructure.

The company’s digital checkout point network expanded 18 per cent year-on-year to 21.7 lakh. More than 70 per cent of all transactions were processed through UPI, underscoring the growing adoption of screen-based, UPI-first checkout solutions.

Pine Labs said every layer of its platform—including payments, affordability, credit and merchant engagement—is becoming increasingly relevant as businesses shift towards integrated digital-first operations. While enterprise merchants continued to account for a dominant share of the business, mid-market adoption accelerated by more than 40 per cent year-on-year.

The company added 1.3 lakh digital checkout points in the mid-market segment, making it the fastest-growing part of its business. It also reported that Flow, affordability and transaction-processing GTV increased by more than 54 per cent year-on-year to Rs 91,000 crore. Meanwhile, UPI GTV grew 80 per cent, while Dynamic Currency Conversion (DCC) GTV rose 40 per cent during the quarter.

On the online commerce front, Pine Labs onboarded more than 40 new merchants across quick commerce, e-commerce, direct-to-consumer (D2C), travel and enterprise segments. The company said its checkout and affordability solutions continued to gain traction with major commerce platforms, while Shopflo Checkout processed more than Rs 400 crore in D2C and small and medium business (SMB) transaction volumes during the quarter.

Pine Labs also expanded its presence in the government and hospitality sectors through new business from DMRC and higher merchant volumes generated via payouts and autopay services.

International revenue increased 21 per cent year-on-year to Rs 114 crore, accounting for nearly 16 per cent of the company’s consolidated revenue across 22 countries. Pine Labs attributed overseas growth to deployments with GCash in the Philippines, new affordability programmes in the UAE and Singapore, and expanded partnerships with British Airways, TAROM, Emirates NBD and Wio Bank. The company said it follows a “seed, land and expand” strategy in global markets.

In its issuing and acquiring business, revenue rose 31 per cent year-on-year as Pine Labs expanded into new consumer categories. During the quarter, the company launched gaming gift-card solutions with Xbox, Roblox and Nintendo, while introducing new prepaid programmes with BharatNXT, Chronon and VA Tech.

Commenting on the company’s strategy, Chief Executive Officer Amrish Rau said Pine Labs is building a new financial infrastructure layer on top of India’s digital payments ecosystem.

“P3P and Credit Line on UPI are not products — they are architectural primitives,” Rau said. “India built the public rails; we are building the intelligence and credit layer on top of them.”

Looking ahead, Pine Labs aims to deepen its payments ecosystem by expanding intelligent payment infrastructure, strengthening credit-enabled solutions and accelerating growth across domestic and international markets while building on India’s rapidly evolving digital payment rails.

The fund will invest in more than 20 startups spanning the pre-seed to Series A stages across deep-tech, enterprise tech, consumer and financial services. Anicut Capital plans to invest Rs 5-8 crore in each startup and is targeting a first close soon, the company said in a statement on July 29.

The fund’s limited partner base is expected to comprise institutional investors, high-net-worth individuals (HNIs), and domestic and international family offices. The company said it has already begun deploying capital and has closed three investments.

The launch of the new fund reflects sustained investor confidence in India’s early-stage startup ecosystem, where venture capital firms are increasingly backing innovative founders at the earliest stages to help build scalable businesses across high-growth sectors.

“Our early-stage investment strategy has been validated through our previous fund, Grand Anicut Angel Fund, which is currently tracking materially ahead of relevant benchmarks and has backed several category-defining companies. With our second fund, we aim to build on this proven strategy by partnering with exceptional founders in their 0-to-1 journey,” said Ajay Anand, Partner at Anicut Capital.

Since 2021, Anicut’s Grand Anicut Angel Fund has invested in 68 startups from the pre-seed to pre-Series A stages. According to the company, these portfolio companies have collectively raised more than Rs 6,000 crore in follow-on funding and achieved 10x revenue growth since Anicut made its initial investments.

The firm’s portfolio includes startups such as Agnikul Cosmos, GIVA, Blue Tokai Coffee Roasters, Snapmint, CapGrid and Galaxeye, highlighting its focus on identifying high-growth businesses across multiple sectors.

With the launch of the Grand Anicut Seed Fund, Anicut Capital plans to expand its early-stage investment portfolio by supporting promising founders from the idea stage through growth, while continuing to strengthen its presence in India’s venture capital ecosystem.

Fixxly will use the newly secured capital to strengthen its AI-powered technology platform and expand its operations ahead of its commercial launch scheduled for September 1. The company will begin operations in Bengaluru before expanding into additional cities.

Earlier this year, DesignCafe co-founder Shezan Bhojani and former Zepto supply-chain executive Sachith Varma founded Fixxly to develop an AI-powered procurement platform that delivers construction materials—including plywood, paint, electricals, lighting, plumbing supplies and hardware—to worksites in as little as 30 minutes.

The startup primarily serves contractors, electricians, plumbers, carpenters, painters, interior designers and homeowners, addressing a market that still depends heavily on fragmented dealer networks for urgent procurement requirements.

“We started Fixxly with one belief: no site should lose a working hour because a single item didn’t arrive. The people building India are professionals, and their time is money. Fixxly exists to keep that from happening by getting the right material on site when it’s needed,” co-founder and chief executive Bhojan said.

The funding reflects growing investor confidence in startups that are extending the quick commerce model beyond grocery deliveries into newer categories such as medicines, electronics, fashion, home services and auto parts. The move also underscores increasing interest in digitising India’s construction supply chain, one of the country’s largest yet least-digitised retail segments.

Offline distributors and neighbourhood dealers continue to dominate construction material procurement despite rising demand for faster fulfilment, creating opportunities for technology-led platforms to improve efficiency and delivery timelines.

“Building material procurement in India remains highly fragmented, with contractors and homeowners often dependent on local suppliers and unpredictable delivery timelines. As projects become more time-sensitive, the need for on-demand access to materials is only increasing,” said Prashanth Prakash, partner at Accel.

Vinay Singh, co-founder and partner at Fireside Ventures, said last-mile delivery of building materials remains “a largely unsolved problem”. “We couldn’t think of a better person than Shezan to solve this given his deep experience in the space. We have been proud investors in his previous startup, DesignCafe, and continue to support him in his new venture,” he said.

Romit Mehta, vice president at Lightspeed India, said the fragmented nature of the sector makes it well suited for a quick commerce model. “Quick as a format creates a breakthrough by serving customers at the point of their need and allowing supply to reach customers faster. With years of experience in building supply relationships and understanding user needs, we believe Shezan is the best founder to build the infrastructure to consolidate this multi-billion dollar industry,” he said.

Bhojani brings more than two decades of experience in the home improvement sector and previously co-founded DesignCafe, which merged with HomeLane in 2024. Varma previously led supply-chain design at Zepto and managed last-mile operations at Flipkart, contributing extensive logistics and supply chain expertise to the venture.

As quick commerce continues to evolve into new industry verticals, Fixxly aims to modernise construction material procurement through AI-driven technology and ultra-fast deliveries. With its commercial launch set for September 1, the company plans to establish its presence in Bengaluru before expanding to more cities, supported by its newly raised seed capital.

Founded in Bengaluru, Yaanendriya develops indigenous sensor, navigation and control technologies that enable autonomous systems such as drones, ground robots, spacecraft and underwater vehicles to navigate in environments where GPS signals are unavailable or disrupted.

The company also plans to scale its SynCore navigation controller series and YDX inertial sensors, develop a hardware-agnostic navigation platform, and advance work on high-precision MEMS accelerometers and gyroscopes for the NewSpace sector.

“Reliable autonomy begins with a system’s ability to sense motion, understand its state, and control itself,” said Vamshi Bharadwaj M V, founder of Yaanendriya.

Commenting on the investment, Satyadeep Singh of Piper Serica said, “Autonomous systems will define the next generation of defence, aerospace, industrial automation and mobility, but their foundation lies in technologies that enable machines to sense, navigate and control themselves reliably. Yaanendriya’s long-term technology roadmap and execution capabilities gave us the conviction that it can build a globally competitive navigation technology company from India.”

The latest funding is expected to support Yaanendriya’s efforts to expand its indigenous navigation technology portfolio while accelerating the development of advanced solutions for defence, aerospace, industrial automation, mobility and NewSpace applications.

The integration significantly expands Ownly’s reach by leveraging Rapido’s established user base and robust logistics network to provide a fast and reliable delivery experience. According to the company, India’s ride-hailing user base is nearly twice the size of its online food ordering user base, presenting a significant opportunity to introduce food delivery to millions of consumers who already rely on Rapido for daily mobility but have not yet adopted an online food ordering platform.

Customers can now access Ownly directly within the Rapido app while booking bike taxis, autos and cabs, allowing them to manage everyday mobility and food delivery from one platform.

Commenting on the integration, Aravind Sanka, Co-Founder of Rapido and Ownly, said, “Ownly was created to solve one of the biggest structural challenges in food delivery, making the business work better for restaurants without compromising customer experience. Our zero-commission model has shown that restaurants can retain more of every order while customers enjoy honest pricing without hidden platform fees. Integrating with the Rapido app is an important step in taking this proposition to millions more users while staying committed to building a food delivery ecosystem rooted in transparency, fairness and long-term sustainability.”

Since its launch, Ownly has sought to redefine the economics of food delivery through its zero-commission model, enabling restaurants to retain a larger share of their earnings while offering customers fair menu prices without hidden platform charges.

The company said that by utilizing Rapido’s existing rider network, Ownly operates with structurally lower logistics costs, allowing the model to remain sustainable without passing additional costs on to restaurants. The approach also improves rider utilization during off-peak mobility hours, strengthening the broader delivery ecosystem.

With Ownly now integrated into the Rapido app, the company continues to advance its vision of building a more transparent, affordable and equitable food delivery ecosystem for restaurants and customers. To mark the integration, new users can download the Ownly app via Rapido and receive 50% off, up to ₹100, on their first order.

The funding comes at a time when India’s commercial EV ecosystem is witnessing increased investments, driven by the rapid adoption of electric mobility across logistics, e-commerce, and urban transportation. For Omega Seiki Mobility, the latest capital infusion is aimed at strengthening its manufacturing capabilities and expanding its market reach.

The company will utilize the newly raised capital to increase its manufacturing capacity while enhancing its research and development (R&D) capabilities. A portion of the investment will also be allocated to expanding its dealer and service network across India and supporting the rollout of its next-generation electric mobility solutions.

These initiatives are expected to help the company strengthen its position in the country’s growing commercial EV segment.

Founded in 2018 by Uday Narang, Omega Seiki Mobility operates in India’s commercial electric vehicle market with a portfolio that includes electric three-wheelers, two-wheelers, and light trucks catering to last-mile logistics and transportation needs.

The Delhi-based company operates under the Anglian Omega Group and runs manufacturing facilities in Faridabad and Pune.

During FY26, Omega Seiki Mobility reported approximately Rs 333 crore in revenue and Rs 7.3 crore in profit after tax (PAT). The company also posted an EBITDA margin of 7.7 percent, reflecting its operational performance during the fiscal year.

OSM serves customers across logistics, e-commerce, food delivery, and other industries. Its client portfolio includes Amazon, Flipkart, Zomato, BigBasket, Porter, Maersk, and Nestlé.

The company has established a presence across multiple segments of India’s commercial EV industry and intends to broaden its product portfolio further. Its expansion strategy includes cargo three-wheelers, passenger vehicles, premium electric two-wheelers, and electric light commercial vehicles.

To strengthen vehicle adoption, Omega Seiki Mobility has also partnered with financial institutions and green mobility companies, including cKers Finance and Mufin Green, to facilitate retail financing and fleet deployment.

The latest Rs 50 crore funding round provides Omega Seiki Mobility with additional resources to expand production capacity, accelerate product development, and strengthen its nationwide sales and service network. As the company continues to diversify its commercial EV portfolio and scale operations, it aims to capitalize on the growing demand for sustainable transportation solutions across India’s logistics and mobility sectors.