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LogisticTech

Tan90 Bags INR 20 Cr To Provide Cooling Solutions To Enterprises


SUMMARY

The funding round was led by NABVENTURES and also saw participation from existing investors Blue Ashva Capital, Capital-A, and 3i Partners

Tan90 Thermal uses phase change materials to provide energy-efficient cooling solutions for businesses across sectors

The startup plans to use the capital to expand its presence across India as well as key global markets like Southeast Asia, the Middle East, and Africa

Tan90 Thermal Solutions has raised INR 20 Cr (around $2.3 Mn) in its Series A funding round led by NABVENTURES,…



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by INC42

SUMMARY Alongside disclosing its financial performance for Q2 FY26, logistics major Delhivery announced its plans to foray into the fintech segment today Its board has considered and approved the incorporation of a new wholly owned subsidiary (WOS) Delhivery Financial Services with an initial investment of INR 12 Cr The dedicated fintech vertical would enable Delhivery to provide access to credit, payment, FASTag aggregator, fuel cards and insurance solutions for its partners — truckers, fleet owners, riders, and MSMEs

by INC42

SUMMARY The company had reported a profit of INR 10.2 Cr in the year-ago quarter and INR 91.1 Cr PAT in Q1 FY26 Operating revenue grew 17% YoY and 12% QoQ to INR 2,559.3 Cr Total expenses zoomed 18% YoY to INR 2,708.1 Cr Logistics major Delhivery slipped into red in Q2 FY26, reporting a net loss of INR 50.5 Cr compared to a profit of INR 10.2 Cr in the year-ago quarter, as the integration of Ecom Express impacted the bottom line. The company had reported a profit of INR 91.1 Cr in preceding Q1 FY26.  Operating revenue grew… Source link

by INC42

SUMMARY Shadowfax plans to raise up to INR 2,000 Cr ($225 Mn), split evenly between a fresh issue and an offer-for-sale component via IPO More than half of the proceeds will be channelled into network expansion, with around INR 562 Cr earmarked for building infrastructure and leasing new first and last-mile centres Quick commerce is where our business growth is. Still nascent, we were able to scale this offering to 50 Lakh orders per day: Shadowfax CEO Flipkart-backed ShadowFax is positioning itself to become the country’s… Source link