Decoding funding, valuation and cap table of quick commerce’s newest entrant FirstClub
▪️Launched in June 2025 by former Flipkart executive Ayyappan R, FirstClub focuses on curated, quality-led commerce rather than delivery speed.
✍️ @Manchanda_mukulentrackr.com/decoding/decodi…
Biotech startup Zumutor Biologics has raised $7.3 Mn in a Pre-Series B funding round from existing investors Accel and Bharat Innovation Fund, along with participation from new investors Premji Invest, Ashish Kacholia, and Raj Dandu Family Office.
Read more @entrackr#Funding
Inside Pine Labs profit story: The gift card income stream set to take a hit
An RBI proposal could end 'breakage' income from unspent gift card balances, one of the most profitable parts of Pine Labs’ Qwikcilver biz.
The move could test durability of its recent profit growth🧵
Inside Pine Labs’ profit story: The gift card income stream set to take a hit.
◾️An RBI proposal could end breakage income from unspent gift card balances in Qwikcilver’s biz, potentially impacting future profitability.
✍️ @upadhyay_harsh1@Kunal_POVentrackr.com/in-depth/inside…
This week, 27 Indian startups raised around $253.34 Mn, comprising 6 growth-stage deals, 16 early-stage deals, while 5 startups kept their funding undisclosed.
In contrast, 17 startups had collectively secured about $165.3 Mn in the previous week.
Growth-stage startups raised a total of $182.9 Mn across six deals this week, led by GPS Renewables, which raised Rs 635 Cr in a Series C round.
Early-stage startups raised $30.1 Mn across 13 deals this week, led by oncology startup 4baseCare
Bengaluru dominated the city-wise deal count with 19 deals, followed by Pune with 2 deals. Hyderabad, Jaipur, Delhi-NCR, Chennai, Kerala and Mumbai recorded one deal each.
Read full story @entrackrentrackr.com/report/weekly-f…
Meesho has approved the acquisition of a 100% stake in Singapore-based Kirana Club and an additional 0.41% stake in its Indian subsidiary Retail Pulse Labs Private Limited for an aggregate consideration of Rs 202.08 Cr.
The acquisition marks Meesho’s entry into the B2B commerce segment for kirana stores and expands its reach into India's grocery and general trade ecosystem.
For FY26, RPLPL reported revenue of Rs 15.84 Cr and a net loss of Rs 30 lakh, while Kirana Club posted revenue of Rs 33.27 lakh and a net loss of Rs 5.37 Cr.
The transaction provides a full exit to Kirana Club’s existing investors, while founders Anshul Gupta and Aishwarya Jain will continue to lead the business after the acquisition.
Read full story here @entrackrentrackr.com/news/meesho-to-…#Meesho#StartupEcosystem#BusinessNews#D2C#StartupIndia
Marine robotics startup @RekiseMarine has raised $9.7 Mn in a seed funding round co-led by Accel and NKSquared
➤ The funds will be used to complete Jalkapi’s sea trials, enhance its autonomy software, and expand its engineering team across robotics, AI/ML, embedded systems, systems integration, and naval architecture.
➤ The startup had previously secured $4.72 Mn from Singularity AMC and others.
➤ Other startups operating in this space include Odisha based Coratia Technologies, Planys, Eyerov, and Sagar Defence.
Read full story here @entrackrentrackr.com/news/rekise-mar…#DefenceTech#IndianNavy#StartupFunding#DeepTech
As IPO nears, Zepto slows dark store expansion amid cash runway concerns.
▪️Based on its Q4 FY26 free cash outflow of about Rs 802 crore, the company appears to have roughly 10–11 months of cash runway at current spending pace.
✍️ @Kunal_POVentrackr.com/report/as-ipo-n…