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YourStory brings you today's headlines with the latest developments across sectors.
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upGrad appoints Mukesh Mundra as CFO
Edtech firm upGrad has named Mukesh Mundra as its new chief financial officer (CFO), replacing Venkatesh Tarakkad, who held the position for almost two years after taking charge in March 2024.
A chartered accountant and certified financial analyst, Mundra brings over 26 years of experience across finance leadership roles in the media, telecom, manufacturing, and consumer sectors.
Mundra joins upGrad from JioStar, where he led the finance division. Before that, he spent more than eight years as CFO at Viacom18 Media. During the earlier stages of his career, he worked at companies including Idea Cellular, Grasim Industries, and the Anand Rathi Group.
Cashfree Payments' revenue touches close to Rs 1,000 Cr in FY26
Fintech startup Cashfree Payments has registered a revenue of close to Rs 1,000 for FY26 and achieved earnings before interest, taxes, depreciation and amortisation (EBITDA) profitability for the month of March this year.
A statement from the company said it is on track to achieve a full-year EBITDA profitability in the current financial year. The gross transaction value grew by 78% year-on-year in the fourth quarter of FY26.
"We clocked in significant GTV growth that generated strong revenue performance, and with efficient cost management, we achieved EBITDA profitability in March 2026," Cashfree Payments Co-founder & CEO Akash Sinha said.
Funding news
Fairdeal.Market raises $15M in Series A round led by Bertelsmann India
Fairdeal.Market, a B2B quick-commerce platform, has raised $15 million in a Series A funding round led by Bertelsmann India Investments (BII), with participation from WaterBridge Ventures and the Incubate Asia Fund.
Fairdeal.Market plans to use the funds to scale its dark-store network, strengthen its technology and data infrastructure, deepen retailer engagement, and expand last-mile delivery capabilities. The startup currently operates across the Delhi-NCR region.
Founded in 2022 by brothers Prateek Bansal and Yash Bansal, Fairdeal.Market delivers over 1,000 SKUs to retailers in 60 minutes by combining real-time inventory visibility, transparent pricing, and fast fulfilment.
Flexprice raises $1.5M seed round led by Shastra VC
Flexprice has announced a $1.5 million seed funding round led by Shastra VC, co-led by Anupam Mittal, founder of People Group and one of India's most prominent entrepreneurs, and TDV Partners, which doubled down on its initial investment in the company.
The company grew revenue 6X last quarter, while its event processing volume scaled to more than 20 billion events per month over the past year, up 20x.
The new funding will support two priorities: accelerating global expansion across the US and Europe and building new product surfaces that extend Flexprice beyond billing into AI-native finance. Covering metering, revenue recognition, and financial reporting through AI workflows.
Pramatra Space raises pre-seed funding
Pramatra Space has raised an undisclosed pre-seed funding round led by Seafund Ventures.
The round also saw participation from Rebalance, Magnivia Ventures with its partner, Peaceful Progress Fund, and notable angel investors such as Awais Ahmed, Founder of Pixxel Space. Early investors include Techstars (US), Neel Mehta (Founder of Roh Ventures), Raghunath Das (Co-Founder of Almagest Space), and Bhavya Doshi (Director at KRISS Portfolio), with other angel investors.
Founded in 2023 by Richa and Vinay Hukumchand, Pramatra Space is on a mission to make enterprises quantum-resilient before Q-Day
The company has booked an in-orbit demonstration mission for its payload in partnership with a satellite bus manufacturer for 2027. The capital raised will be deployed to advance the PIC chip toward flight qualification and accelerate product development.
Other news
Juspay powers scalable EMI solutions on Flipkart through HyperCredit infrastructure
Juspay announced on Tuesday that its HyperCredit tech stack has driven significant growth in the EMI disbursement volumes for Flipkart's EMI program. The integration has helped drive an approximate 2X increase in new users opting for EMI solutions
The platform enables end-to-end loan journeys in just 5-7 minutes, matching customers with suitable lenders in real time via lender-configured orchestration logic.
Zendesk commits $100M to help startups build with AI
Zendesk has announced a $100 million, two-year commitment under its Zendesk for startups programme to help startups build AI-powered customer support systems and automate operations from an early stage.
The programme offers eligible startups up to two years of free access to Zendesk's AI suite, along with onboarding support, AI agents, automation tools, founder events and partner benefits from companies including AWS, GitHub and Notion.
Zendesk is also expanding the program to venture capital firms such as a16z, Techstars and 500 Global by providing AI workshops, portfolio support and access to Zendesk executives.
AlmaBetter partners with NASSCOM to skill 2 lakh professionals in AI
(L) Sheeba Thomas - Head of Partnerships at Nasscom (R) Jibbi James - Director Partnership Almabetter, Ravi Kumar Gupta, CEO & Co-Founder Almabetter
Backed by early investor Kalaari Capital, AlmaBetter has partnered with NASSCOM with the aim of upskilling and certifying 2 lakh professionals in AI and emerging technologies by FY2030.
The announcement comes alongside a fresh round of strategic funding of 2 Crores, secured by AlmaBetter from an HNI educationist.
The fund will be deployed towards upskilling and nationwide access.
The company is supported by a network of 200+ industry mentors and hiring collaborations across 5,000+ companies, helping bridge the industry-academia gap at scale.
DashLoc strengthens global expansion
DashLoc has announced a significant growth milestone as it scales its presence in the multi-location brand management and digital business visibility space. The company now serves over 250 brands across sectors and has expanded its footprint to 12 countries.
Buoyed by a strong business pipeline and rising demand from enterprise and multi-location businesses, DashLoc is aiming to onboard more than 400 brands in the current financial year.
The company recently launched DashVoice, an AI-powered product designed to drive hyperlocal discovery, adding to its core offering, DashLocal, which has anchored its portfolio since inception.
(This article will be updated with the latest news throughout the day.)
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Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: YourStory