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India Accelerator (IA), a multistage fund-led accelerator, in collaboration with V S Fortune, has launched LeapFWD, a sector-focused accelerator program designed to identify, nurture, and scale high-potential startups driving innovation in the proptech and construction tech sectors.

The initiative aims to bridge the gap between innovation and industry adoption by empowering ten promising startups working at the intersection of technology, sustainability, and construction efficiency.

Through a four-month accelerator program, startups will gain access to…

Slice Small Finance Bank (SSFB), formed after the merger of fintech Slice and North East Small Finance Bank, has reported its first profit since the amalgamation. The lender posted a net profit of Rs 7 crore for the first half of FY26, marking a turnaround from a loss of Rs 217 crore in FY25 and Rs 153 crore in FY24, according to CRISIL’s latest rating report.

During the April–September 2025 period, SSFB’s pre-ESOP profit stood at Rs 43 crore, of which Rs 36.5 crore was transferred to the employee stock option reserve. CRISIL noted that the…

Fintech unicorn Razorpay has appointed Prabhu Rambadran as senior vice president of engineering. Earlier, he was head of engineering at Google.

According to Razorpay, Prabhu will lead the company’s engineering team across risk and intelligence, business banking, payments, customer engagement, and core infrastructure. He will also oversee the Peak XV-backed fintech’s plans to accelerate product innovation and strengthen its technology stack.

“His leadership will strengthen our tech foundation as we build AI-first platforms for the next decade of…

SaaS startup Capillary Technologies is set to launch its initial public offering (IPO) on November 14, with the issue closing on November 18. The Bengaluru-based company has also reduced the size of its public offer.

According to the company’s revised filings, Capillary will raise Rs 345 crore through a fresh issue, compared to Rs 430 crore proposed earlier. The offer-for-sale (OFS) component has also been pared down to 92.2 lakh shares from 1.83 crore shares mentioned in the draft prospectus. The equity shares are proposed to be listed on both the…

InCred Holdings Limited, the parent company of InCred Financial Services, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) via the confidential route, according to sources aware of the matter.

The company is preparing to raise between Rs 4,000–5,500 crore through a combination of fresh issue and offer for sale, marking a major step toward its public market debut.

The IPO proceeds are expected to be used to bolster the capital base of its lending arm and fund expansion across business verticals….

This week only 24 Indian startups raised a total of $242.88 million, comprising 5 growth-stage and 17 early-stage deals, while a startup kept its funding undisclosed.

In contrast, 34 startups had collectively secured about $334.88 million in the previous week.

[Growth-stage deals]

Growth and late-stage funding reached $154.7 million across five deals this week. The round was led by MoEngage, which raised $100 million in its Series F round from Goldman Sachs and A91 Partners. Spacewood Furnishers secured Rs 300 crore ($36 million) from A91 Partners,…

E-commerce-focused logistics company XpressBees reported flat growth in the fiscal year ending March 2025, while its losses jumped 85% to Rs 370 crore in the same period due to higher logistics, facility, and finance costs.

XpressBees’ revenue from operations grew marginally to Rs 2,874 crore in FY25 from Rs 2,831 crore in FY24, according to its consolidated financial statements. Income from the courier services accounted for 96% of the operating income, which stood at Rs 2,772 crore in FY25. 

The other operating income includes Warehousing…

DesignUp, a design and technology conference based in Asia, will hold its first European edition in Berlin in April 2026, coinciding with its tenth anniversary.

The platform, known for discussions at the intersection of design, technology, and innovation, has previously featured speakers such as Alan Cooper, Don Norman, Stefan Sagmeister, and Emmy Award-winning designer Karin Fong. Quartz has earlier listed DesignUp among notable global design events.

“At its core, DesignUp has always stood for thoughtful curation and inclusivity, bridging…

After its $30 million investment in September last year, global ride-hailing giant Uber is set to invest an additional $20 million (Rs 177.5 crore) in mobility firm Everest Fleet. This marks Uber’s third investment in the company, which operates and manages a cab fleet for the platform.

The board at Everest Fleet has passed a resolution to approve the issue of 9,682 Series C CCPS at an issue price of Rs 1,83,388 each to raise the aforementioned amount from Uber, according to its filing with the Registrar of Companies (RoC).

The Mumbai-based firm will…