StartupGossips

Myntra FY25 profit

Myntra posts ₹548 cr FY25 profit, stands out as fashion’s profit machine

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Myntra surged to a record ₹548 crore net profit in FY25 (up 18X YoY), driven by 18% revenue growth, a focus on Gen Z shoppers, and a diversified model spanning marketplace services, logistics, and advertising. The Flipkart-owned fashion platform now claims a 19–20% online market share, outpacing rivals in the mid-premium segment. Strategic initiatives—including FWD […]

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Indian startup fund launches

Early Stage Funds Dominate $9B Indian Startup Fund Launches in 2025

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Indian startups have seen over $9 billion in new fund launches during 2025 so far, with a strong focus on early stage funds targeting seed and Series A investments. Despite the record $9B in fund launches, actual startup fundraising totalled just $2.1B across 240 deals in Q3, down 38% year-on-year. More than 60% of new

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Alakh Pandey net worth

Physics Wallah’s Alakh Pandey worth ₹14,510 cr, richer than SRK

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Physics Wallah co-founder Alakh Pandey’s net worth surged 223% to ₹14,510 crore, exceeding Shah Rukh Khan’s ₹12,490 crore fortune, according to the Hurun India Rich List 2025. Both Pandey and co-founder Prateek Maheshwari rank among India’s fastest wealth creators despite Physics Wallah posting ₹243 crore losses in FY25. The edtech firm, preparing for IPO after

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OpenAi Valuation

OpenAI tops $500B valuation after $6.6B share sale, overtakes SpaceX

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OpenAI has completed a $6.6 billion employee share sale at a record $500 billion valuation, making it the world’s most valuable startup and surpassing SpaceX. The buyers included Thrive Capital, SoftBank, Dragoneer, Abu Dhabi’s MGX, and T. Rowe Price, with the sale mainly benefiting current and former staff. The secondary deal sharply increased OpenAI’s valuation,

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PRIP Scheme

Govt Calls for Proposals Under PRIP Scheme for Pharma, MedTech

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The government has opened applications for the PRIP scheme, inviting industry and startups to submit proposals for pharma and MedTech innovation projects, with funding support up to ₹100 crore for late-stage initiatives. Backed by a ₹5,000 crore outlay, the scheme aims to support 300 projects and catalyse ₹11,000 crore in R&D investments in new medicines

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Real money gaming ban

MeitY Drafts Rules Banning Real Money Online Gaming

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MeitY’s draft rules under the Promotion and Regulation of Online Gaming Act, 2025 ban real money online gaming, set up an Online Gaming Authority, and create new frameworks for social games and esports. The draft proposes recognition and support for esports, central oversight of social games, penalties for violations, and a national registry for classified

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Paper Boat FY25 revenue

Paper Boat FY25 Revenue Up 16%, Losses Cut by 24%

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Paper Boat posted ₹668 crore in FY25 revenue, up 16% year-on-year, and narrowed its losses by 24% to ₹48 crore, driven by strong third-party product sales despite declines in own manufacturing revenue. The Hector Beverages brand, backed by Peak XV, GIC, Sofina, and A91 Partners, saw third-party manufacturing contribute 66% of operating revenue, while total

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Deta Surf app

Deta Surf Combines AI Browser with NotebookLM Features

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Deta’s new Surf app blends an AI-powered browser with advanced knowledge management, allowing users to create and edit AI-generated notebooks, summarize web content, and generate code or charts in one place. Launched in beta by Berlin/New York-based Deta, Surf lets users organize research in editable, Notion-style documents while leveraging AI for summarization, context-aware questions, and

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