Startups - Startup Gossips

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

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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Lenskart secures SEBI nod for ₹2,150 cr IPO, targets November listing

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Lenskart has secured SEBI approval for its IPO, targeting a ₹2,150 crore fresh issue plus ₹13.2 crore share sale by existing investors including SoftBank, Temasek, and founders, aiming for mid-November listing. The Gurugram-based eyewear retailer turned profitable in FY25 with ₹297 crore net profit versus ₹10 crore loss in FY24, while revenue grew 22% to

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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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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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Dataiku Prepares for US IPO, Valued at $3.7 Billion

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AI data analytics startup Dataiku is planning a US IPO as early as 2026, hiring Morgan Stanley, Citigroup, and other banks to lead the process. Founded in 2013 and headquartered in New York, Dataiku specializes in AI-powered data analytics solutions for over 700 global customers, including Johnson & Johnson, Toyota, General Electric, and BNP Paribas.

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Fragaria Moves HQ to Bengaluru, Sparks Chennai Startup Debate

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Chennai agritech startup Fragaria has shifted its headquarters to Bengaluru, citing climate, market access, supportive agriculture laws, expat livability, and the city’s thriving startup ecosystem as key reasons behind the move. Founder Harish Varadharajan announced the transition in a viral social media post, acknowledging the team’s efforts to build a global product—and premium strawberries—despite local

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Bob Rides Launches India’s First All-in-One Ride Aggregator App, Unifying Ola, Uber, and Rapido Bookings

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Urban commuters in India often juggle between multiple apps such as Ola, Uber, Rapido, and even platforms like Namma Yatri to secure the best deal on cabs, autos, and bike rides. Addressing this hassle, the newly launched Bob Rides app, a Bengaluru-based mobility startup, aggregates all major ride-hailing platforms into a single, user-friendly interface. Founded

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