StartupCity India

StartupCity India Startupcity India is a leading monthly Magazine, published from New Delhi. Startupcity Magazine is dedicated to all the Indian Startups.

is transferring its fast-growing FMCG brands business to a new entity—New Reliance Consumer Products Ltd (New RCPL)—as...
06/07/2025

is transferring its fast-growing FMCG brands business to a new entity—New Reliance Consumer Products Ltd (New RCPL)—as part of a multi-stage restructuring plan approved by the board and filed with NCLT.

The move will separate the consumer goods vertical from the core retail business, enabling specialised attention, long-term capital allocation, and investor interest in a standalone FMCG play. Brands like Independence and Campa Cola are part of this portfolio, which clocked ₹11,500 Cr in FY25.

The restructuring involves transferring the business from RRL to RRVL, then spinning it off into New RCPL as a demerged entity.

Reliance Retail is transferring its entire consumer goods business to a new entity—New Reliance Consumer Products Ltd (N...
05/07/2025

Reliance Retail is transferring its entire consumer goods business to a new entity—New Reliance Consumer Products Ltd (New RCPL)—as part of an internal restructuring plan filed before NCLT.

The move involves transferring FMCG brands from Reliance Retail Ltd to the parent RRVL, followed by a demerger into New RCPL through a slump sale. The aim is to sharpen focus on the high-growth, capital-intensive FMCG vertical, distinct from its retail operations.

Reliance’s consumer brands like Independence and Campa Cola generated ₹11,500 Cr in FY25 revenue, making it the company’s fastest-growing vertical.
Reliance Industries Limited

Citigroup Global Markets has sold 3.2 lakh shares of Swiggy at ₹381 each to BNP Paribas Bank Polska Financial Markets ...
05/07/2025

Citigroup Global Markets has sold 3.2 lakh shares of Swiggy at ₹381 each to BNP Paribas Bank Polska Financial Markets via a bulk deal valued at ₹12.2 crore.

The move comes amid Swiggy’s decision to shut down its digital storefront platform, Minis, by August 10. The company reported ₹4,410 crore in revenue and a ₹1,081 crore loss in Q4 FY25. Food delivery remains its top-performing segment, contributing 37% of total revenue.

EaseMyTrip.com co-founder and executive director Prashant Pitti has pledged 9 crore shares, valued at approximately ₹94...
04/07/2025

EaseMyTrip.com co-founder and executive director Prashant Pitti has pledged 9 crore shares, valued at approximately ₹94.5 crore, to Motilal Oswal Financial Services, according to a regulatory filing with BSE. The pledged shares account for around 2.54% of the company’s total equity.

While the purpose is marked as “personal use,” such significant pledging by promoters often prompts investor scrutiny regarding liquidity and long-term holding stability.

The development follows recent clarifications by EaseMyTrip on distancing itself from alleged associations with betting platforms and reiterating its commitment to ethical business practices.

Gurugram-based SaaS firm NoPaperForms, the parent company of Meritto, has officially transitioned into a public entity, ...
04/07/2025

Gurugram-based SaaS firm NoPaperForms, the parent company of Meritto, has officially transitioned into a public entity, marking its next step toward a stock market debut. The company, backed by InfoEdge (which holds a 47.9% stake), aims to file for an IPO worth ₹500–600 crore by the end of 2025 at a valuation of ₹2,000 crore.

With IIFL Capital and SBI Capital on board as investment bankers, the edtech SaaS company joins a growing list of Indian startups preparing for public listings. NoPaperForms posted a profit in FY24 after a 45% jump in revenue, signalling strong fundamentals ahead of its IPO.

India continues to hold its ground as a global fintech leader. In the first half of 2025, Indian fintech startups raised...
04/07/2025

India continues to hold its ground as a global fintech leader. In the first half of 2025, Indian fintech startups raised $889 million, placing the country third in global funding rankings—behind only the US and UK.

Bengaluru dominated the landscape with 55% of total funding, followed by Mumbai at 14%. The ecosystem also saw a surge in M&A activity with 16 acquisitions, a 45% jump compared to H1 2024. Notable deals included Groww’s $150M acquisition of Fisdom and InCred Money’s acquisition of Stocko.

While late-stage funding showed signs of cooling, early-stage deals saw a 10% rise. Leading investors included Peak XV, Accel, Blume Ventures, and LetsVenture.

India’s fintech sector remains resilient, innovation-driven, and globally relevant.

India’s Gini Index score of 25.5 places it among the most equal countries globally, ahead of every G7 and most G20 natio...
04/07/2025

India’s Gini Index score of 25.5 places it among the most equal countries globally, ahead of every G7 and most G20 nations. This “moderately low” inequality reflects decades of policies focused on wealth redistribution alongside rapid economic growth. India’s unique model has balanced capitalism with democracy, ensuring benefits reach a broad spectrum of society, unlike many developed nations where inequality remains high.

While countries like the US and China face significant inequality challenges, India continues to close the gap, becoming more equitable than 167 other countries. This achievement underscores India’s robust and inclusive economic framework, one that drives growth while uplifting all citizens. As India climbs to become the world’s third-largest economy, its commitment to equitable prosperity remains a defining strength.

Woolah Tea, a homegrown startup from Assam, has secured a 20-year patent for its revolutionary Bagless Tea Technology, c...
03/07/2025

Woolah Tea, a homegrown startup from Assam, has secured a 20-year patent for its revolutionary Bagless Tea Technology, compressing whole Assam tea leaves into eco-friendly, plastic-free pods. This innovation offers the convenience of dip tea without waste or additives, preserving the rich flavor and heritage of Assam tea while aligning with global sustainability goals.

Adding to the excitement, Woolah Tea will represent India at the prestigious 2025 New York Summer Fancy Food Festival, showcasing its patented technology on a global stage. This achievement highlights Assam’s growing leadership in tea-tech innovation and sustainable entrepreneurship, setting an inspiring example for startups across India’s Northeast.

Indian venture debt firm Stride Ventures has announced the first close of its Abu Dhabi Global Market (ADGM) Fund V, foc...
03/07/2025

Indian venture debt firm Stride Ventures has announced the first close of its Abu Dhabi Global Market (ADGM) Fund V, focused on providing non-dilutive, flexible, and Shariah-compliant capital to high-growth startups across the Gulf Cooperation Council region, especially Saudi Arabia. With ticket sizes averaging $10-15 million and a $110 million pipeline spanning fintech, healthtech, logistics, and climate tech, Stride aims to triple its GCC assets under management to over $500 million by 2026.

Stride’s expanding presence in the region is supported by partnerships with key players like Riyadh’s Digital Innovation District and leading banks, enabling deeper connections with startups and fund managers. Founder Ishpreet Singh Gandhi highlights the GCC’s dynamic growth driven by economic diversification and global competitiveness, positioning Stride as a committed long-term partner on this journey.

After two challenging years of mass layoffs, Indian startups have witnessed a remarkable 67% drop in job cuts in the fir...
03/07/2025

After two challenging years of mass layoffs, Indian startups have witnessed a remarkable 67% drop in job cuts in the first half of 2025. Layoffs fell to just 2,387 across 12 startups compared to over 7,100 last year. At the same time, hiring activity surged by 35–40% across sectors like SaaS, green energy, healthtech, logistics, consumer, and IT. Growth-stage startups are leading this revival, focusing on strategic, quality hires rather than rapid scaling.

Investor confidence is returning with $2.5 billion raised in Q1 2025 alone, fueling intentional hiring, leadership building, and expansion into emerging domains like GenAI, EV, and climate tech. New startup formation is also rising, especially in Tier-II cities, marking a shift from survival mode to forward-looking growth. The Indian startup ecosystem is regaining momentum with stability, better compensation, and a positive hiring outlook for the months ahead.

RegTech startup Zango AI has secured $4.8 million in a funding round led by nexus venture partners, with support from so...
02/07/2025

RegTech startup Zango AI has secured $4.8 million in a funding round led by nexus venture partners, with support from south park commons and industry leaders. Founded in 2024, Zango uses regulation-specific large language models (LLMs) to automate complex compliance tasks, helping clients like novobanco, monzo, and juni stay ahead in an evolving regulatory landscape.

With plans to expand teams in bengaluru and london, Zango is building AI-native governance, risk, and compliance tools designed to integrate smoothly into daily operations—cutting manual work and boosting accuracy. The startup is also broadening its reach into insurance and asset management sectors, aiming to transform how financial institutions manage regulatory challenges.

Bengaluru-based deep-tech startup CIMware has raised $2.3 million in pre-Series A funding from energy transition-focused...
02/07/2025

Bengaluru-based deep-tech startup CIMware has raised $2.3 million in pre-Series A funding from energy transition-focused Transition VC. The funds will boost its hardware production and R&D for its flagship Composable Infrastructure Module (CIM)—a game-changing top-of-rack switch combining compute, storage, and networking.

CIMware, founded by CloudSimple India’s ex-head Rajiv Ganth, claims its technology can slash power use by 80% and cut infrastructure costs significantly. With 20 units already in production, the startup aims to deploy in India by year-end and expand to global markets including the US, UK, and South Korea.

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