Latest News

Info Edge To Invest ₹250 Cr In B8 Fund I To Back Tech Startups

Info Edge’s board has approved a commitment of up to ₹250 Cr to a newly launched alternative investment fund (AIF), B8 Fund I The company said its board approved entering into a contribution agreement with the fund which is a scheme The commitment will be made by Smartweb Internet Services Limited, a subsidiary of Info Edge under B8 Trust

Latest News

ED Freezes ₹505 Cr Held Abroad In WinZO Money-Laundering Case

The ED has attached properties alleging the funds were proceeds of crime routed through overseas shell entities. Investigators claim the platform used bots and algorithm-driven personas to play against real users in paid games The probe was triggered by multiple FIRs alleging cheating, impersonation, misuse of PAN and KYC data, and wrongful blocking of user accounts

Latest News

Info Edge Q3: Share Dividend Approved After Profit Rises To ₹317 Cr

On a sequential basis, profit declined 9% from ₹347.5 Cr Operating revenue grew 13% YoY and 2% QoQ to ₹819.4 Cr The company’s board also approved a second interim dividend of ₹2.40 per share for FY26

Latest News

Amagi Q3: Profit Zooms 4X YoY To ₹31 Cr

Amagi recorded a 292% jump in its PAT for the December quarter from ₹7.8 Cr reported in Q3 FY25 Operating revenue surged 22% YoY to ₹404 Cr in Q3 FY26 from ₹330 Cr reported during the same quarter last year The company’s expenses stood at ₹380 Cr in Q3 FY26, up 13.13% from ₹335.8 Cr reported in Q3 FY25

Latest News

Gig Economy's Uneasy Unit Economics And The High Cost Of Home Delivery

Behind India’s recurring gig worker strikes lies a nuanced tale of fragile margins, weak pricing power, and an economic model struggling to achieve growth due to discounts

Latest News

Beyond Screens: Why Nazara Is Doubling Down On Offline Gaming

While Nazara is widely recognised for its mobile games, esports platforms and global IP portfolio, its offline gaming business is now scaling up In Q3 FY26, Nazara reported a revenue of ₹30.4 Cr in its offline gaming segment which includes Smaaash and Funky Monkey Nazara’s push into offline gaming comes after a period of strategic introspection

Latest News

Mutual Funds Dilute Stake In Paytm Amid Rally In December Quarter

The stake of domestic mutual funds (MF) in Paytm stood at 14.34%, via 36 schemes, in Q3 FY26 as against 16.25% stake held by them through 40 schemes in the previous quarter Meanwhile, the holdings of alternate investment funds (AIFs) and insurance companies in the company increased While mutual funds and early backers used the rise in share price to book profits, insurers and AIFs bought these shares, which potentially implied that long-term investors were willing to step in even at higher prices

Latest News

Matchmaking Startup Juleo Shuts Down Due To Capital Crunch

The startup's cofounder Varun Sud took to LinkedIn to announce that the startup is “pausing” its services after failing to raise further capital Founded in 2023, Juleo raised $2.5 Mn in 2024 from angel investors like Livspace cofounder Ramakant Sharma, CRED founder Kunal Shah, and others Juleo joins a growing list of startups that have shut shop in the past year. As many as 25 startups wrapped up their operations in 2025, double compared to 12 in 2024

Latest News

Exclusive: Zupee Acquires Microdrama Startup Vertical TV

The acquisition, valued at under INR 40 Cr, will help Zupee strengthen its recently launched short-video content platform Zupee Studio The deal will enable Zupee to gain a consistent content supply of creators, acquire production workflows and create a new revenue engine The acquisition comes as Zupee grapples with the fallout of the Centre’s ban on real-money gaming last year. The startup has laid off more than 370 employees in the past four months

Latest News

Nazara Q3: Profit Slumps 36% YoY To INR 9 Cr

The gaming major had reported a loss of INR 33.9 Cr in the previous quarter Its top line plunged 24% YoY and 23% QoQ to INR 406 Cr Meanwhile, total expenses also reduced 24% YoY to INR 402.2 Cr

Latest News

RBI Imposes FEMA Compounding Penalty On Paytm

RBI has slapped a compounding order worth INR 18.8 Lakh on fintech major Paytm pertaining to alleged Foreign Exchange Management Act (FEMA) breach In a filing with the exchanges, the company informed that it is in the process of making the payment for the compounding fee, pursuant to which the matter will be disposed off Earlier, RBI had issued a separate compounding order worth INR 4.3 Lakh to Paytm for its investment in Nearby India

Latest News

Paytm Shares Plunge About 5% Despite Strong Q3 Performance

Shares of Paytm plunged close to 5% during intraday trading today to touch a low of INR 1,112.55 on the BSE A key concern of investors was uncertainty over continuation of incentives under the Payments Infrastructure Development Fund (PIDF) Brokerages estimate that incentives received under this scheme by Paytm in 9M FY26 stood at INR 220 Cr

Latest News

Exclusive: Zupee Lays Off Around 200 Employees

Zupee is laying off around 200 employees, almost 40% of its workforce The layoffs were announced today during a town hall by cofounder and CEO Dilsher Singh Malhi The fresh round of layoffs comes four months after Zupee fired around 130 employees

Latest News

Paytm’s Q3 Profit Run, JioMart’s Quiet Rise & More

Latest News

Info Edge Inadvertently Shares Draft Q3 Results With Outsider

Info Edge clarified that the information was meant to be sent to the company statutory auditors, but was accidentally emailed to an external person The company said that the file is password-protected, adding that the password to access the draft results was not included in the “inadvertent” email The Naukri parent also informed the exchanges that it has initiated steps to take necessary action in the matter

Latest News

Paytm Q3: Profit At INR 225 Cr, Revenue Jumps 20% YoY

Paytm reported yet another profitable quarter in Q3 FY26, posting a consolidated net profit of INR 225 Cr as against a loss of INR 208 Cr in the year-ago quarter. On a QoQ basis, profit surged over 10X from INR 21 Cr Revenue from operations jumped 20% to INR 2,194 Cr in Q3 FY26 from INR 1,828 Cr in the same period last year. Sequentially it increased 6.5% from INR 2,061 Cr Including other income of INR 212 Cr, total income stood at INR 2,406 Cr during the period under review