DELHIVERY
Lenskart, Meesho deliver gains of nearly $400 million for SoftBank Vision funds
Lenskart saw returns of $273 million, the highest among the Vision funds' listed investments, while Meesho gained $121 million, according to SoftBank's earnings presentation released on Tuesday. The gains come as SoftBank continues to monetise its Indian investments, having sold shares worth more than Rs 9,300 crore in Lenskart and Meesho since June.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
Rippling steps up AI hiring in India, looks to expand enterprise push
The firm is hiring principal engineers, senior staff engineers and senior directors among others as the lab focuses on developing core components of Rippling’s global AI platform, Parandekar told ET in an exclusive interaction.
AMFI reshuffle: Jio Platforms and NSE may get largecap status, Vedanta may become midcap in H1 CY27
Nuvama expects Jio Platforms and NSE to enter AMFI's largecap category in its H1 CY27 reshuffle, while Vedanta may move to midcap status. The proposed changes also include upgrades and downgrades across midcap and smallcap stocks, with revised market-cap thresholds estimated at Rs 1.12 lakh crore and Rs 36,700 crore.
Samvat 2083 outlook: 8 triggers that could turn Sensex, Nifty correction into a rally by next Diwali
Indian equities enter Samvat 2083 after a correction that has made valuations more attractive, but a sustained rally will depend on several triggers. Falling crude oil prices, easing inflation, an earnings recovery, FII buying, an India-US trade deal and continued domestic liquidity could shape the market's trajectory over the next year.
Samir Arora backed Helios Mid Cap Fund adds Aurobindo Pharma, 2 others, increase stake in Paytm, MCX and 16 others
Samir Arora-backed Helios Mid Cap Fund added Aurobindo Pharma, Zetwerk and PVR Inox in October, while increasing stakes in Paytm, MCX and 16 other stocks. The fund exited Park Medi World, expanded its portfolio to 77 stocks and reported assets under management of Rs 2,421 crore.
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Quant Small Cap Fund adds Jio Platforms and 4 others; increases stake in Adani Power, 5 more
Quant Small Cap Fund added Jio Platforms, Primo Chemicals and three other stocks to its portfolio in October. The fund also increased exposure to Adani Power and LIC Housing Finance, exited five stocks and trimmed holdings in three others.
Shiprocket posts maiden profit on strong core business growth
The company swung to a profit of Rs 60 lakh ($63,487) in the quarter ended September 30, from a loss of Rs 20.29 crore a year ago
Fintechs fortify cyber defences; Logistics cos in the speed lane
Happy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morning Dispatch.
New-age logistics companies see rapid delivery as key revenue driver
Delhivery and Shadowfax, two of India’s largest third-party logistics companies, are expanding their same-day and next-day delivery services, betting that merchants will pay more for faster deliveries as competition for customers intensifies.
Delhivery swings to Rs 41 crore profit as revenue rises 20% in Q2
The Gurugram-based company posted a net profit of Rs 41 crore during the three month period, compared to a Rs 50 crore net loss in the same quarter last year. The turnaround in Delhivery’s bottomline was consistent with its improving unit economics over the last few quarters. In the April-June period, it reported Rs 32 crore in net profit.
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
Stocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL
On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks such as Reliance Industries, Jio Platforms, and IndiGo are expected to remain in focus. Several companies reported varied profit results for the September quarter, impacting market sentiment. Regulatory developments and credit rating updates are also being closely monitored by investors. The upcoming earnings announcements from notable companies will further influence market activity.
Honasa Consumer elevates Vipul Maheshwari to chief product & technology officer
In his new role, Maheshwari will lead the company’s product, technology, engineering and analytics functions. His main task will be to advance Honasa’s plans to use artificial intelligence (AI) in its business, including agentic AI, which refers to AI systems that can carry out multi-step tasks with human oversight.
AI hiring startup Hunar.AI raises Rs 40 crore from Blume Ventures, others
The AI-hiring startup plans to use the money for AI infrastructure, product development and sales and market expansion, targeting businesses that need to recruit and manage large workforces across locations and languages.
Groww Q2 profit jumps; Hocco eyes big funding scoop
Groww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
Pre-owned goods marketplace Circle raises Rs 25 crore led by Nexus Venture Partners
The Bengaluru-based startup will use the funds to expand to other cities, invest in AI-powered pricing, product discovery, and verification, and strengthen its logistics infrastructure.
The ET Startup Awards 2026 special
Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations.
ET Startup Awards 2026: Groww expects new businesses to reshape revenue mix as they scale: Lalit Keshre
The Bengaluru-based company was adjudged Startup of the Year at The Economic Times Startup Awards 2026 for scaling rapidly while maintaining profitability. Groww went public in November 2025 and has a market capitalisation of about $13 billion.
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFI’s H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
Kitchen appliance startup EDT raises $2.4 million in funding led by Sauce VC
The round also saw participation from venture debt firm Alteria Capital, Raul Rai, co-founder of Nicobar, Shibam Das and Arindam Paul of Atomberg, Ajith Pai, chief operating officer of Delhivery, and Anushree Tainwala, chief business officer of Samsonite, South Asia, alongside existing investors.
Ecommerce firms scale logistics, hiring ahead of festive sales
Flipkart’s logistics arm Ekart has added 14 million cubic feet of warehousing space nationwide, increasing its storage capacity by 50%, the company said on Tuesday. The Walmart-backed company also added more than 900 delivery hubs to its last-mile network.
The Souled Store valuation may jump over 3x to Rs 5,000 crore in new secondary deal: sources
The transaction, which will primarily comprise secondary share sales, will value the Mumbai-based startup at about Rs 4,000-5,000 crore, more than three times its last valuation of Rs 1,500 crore, said one of the persons, who did not wish to be identified.
Union minister Piyush Goyal to headline ET Startup Awards on October 9 in Bengaluru
Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26.
RPS Ventures sells 0.9% stake in Meesho for Rs 899.7 crore
As of June 30, RPS Ventures held a 1.2% stake in Meesho. Norges Bank, Fidelity, Goldman Sachs, Morgan Stanley and Citigroup were among the buyers of the shares. The shares changed hands at Rs 233 apiece. Meesho’s stock ended 1.6% lower at Rs 236.35 on the BSE.
Helios Flexi Cap Fund trims exposure in HDFC Bank, RIL, 2 more stocks; hikes stake in Swiggy, Paytm and 26 others
Helios Flexi Cap Fund reshuffled its portfolio in August, cutting exposure to HDFC Bank, Reliance Industries and other holdings while adding to Swiggy, Paytm and several other stocks. The fund also exited five stocks and added two new names. Its portfolio stood at 68 stocks across 26 sectors during the month.
These large-cap stocks have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 29%, according to analysts
After crude oil prices, the one thing that provides a boost to the bears is the tariffs that US President Trump keeps announcing. Now, there is no way of knowing what will happen in terms of the latest 100% tariff announced around Russian oil imports. Even the person who has signed off on the tariff perhaps does not quite know what he did and why he did it. The market can only hope that nothing truly disruptive to the global economy is actually implemented.
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