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Inc42
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Oxyzo’s Profit Jumps 17% To INR 339 Cr In FY25
- Fintech unicorn Oxyzo's consolidated net profit increased by 16.7% to INR 339.15 Cr in FY25 from INR 290.57 Cr in the previous fiscal year.
- Oxyzo's total income rose to INR 1,210.87 Cr in FY25, a 33.9% increase from INR 904.12 Cr in FY24.
- In FY25, Oxyzo's total expenses surged to INR 754.68 Cr, with finance cost increasing by 38.3% and employee benefit expenses rising by 23.8%.
- Oxyzo provides loans to SMEs and has raised a total funding of $263.54 Mn+, with plans for an IPO in the second half of 2025.
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Eu-Startups
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Pitch competition applications now open for the FutureTravel Summit 2025
- The FutureTravel Summit 2025 will be held in Barcelona on October 30th, bringing together over 450 travel innovators, startup founders, corporate executives, and investors.
- The Pitch Competition at the event is a platform for early-stage travel startups to gain traction, visibility, and strategic connections. Applications are open for startups focused on travel or hospitality, at pre-seed or seed stage, and founded within the last three years.
- Selected startups will pitch live in front of a jury of investors and industry leaders for a chance to win a prize package worth over €355,000, which includes Google Cloud credits, HubSpot credits, simpleshow credits, Notion's Business Plan, JetBrains licenses, a complimentary exhibition booth at the 2026 FutureTravel Summit, and media visibility.
- The jury for the Pitch Competition includes Bobby Demri, Elena Ruiz Requena, Jose Gaytan de Ayala, and Virginia Bassano, providing valuable feedback and connections to participants. The event offers networking opportunities and collaboration in the travel industry beyond just the pitch competition.
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ISN
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Yohan and Michelle Poonawalla invests in mass-premium beverage brand TOVA
- Yohan and Michelle Poonawalla have invested in TOVA, a mass-premium beverage brand that specializes in immunity-boosting, herb-infused packaged water.
- TOVA, founded in 2022 under Ayushkalki Wellness, aims to enhance everyday wellness by bringing Ayurvedic wisdom into a modern, accessible format.
- TOVA's herb-infused waters utilize traditional Ayurvedic ingredients to offer natural and convenient solutions for improving immunity and overall well-being.
- The Poonawalla Group's investment in TOVA reflects a shared commitment to promoting a healthier future and supporting ventures that blend traditional wisdom with modern innovation.
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Startup Story
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Unacademy Co-Founders Gaurav Munjal and Roman Saini Step Down to Focus on Airlearn
- Unacademy co-founders Gaurav Munjal and Roman Saini are stepping back from day-to-day roles to focus on Airlearn, Unacademy's language learning app.
- Sumit Jain, elevated to co-founder status, is expected to take over operational leadership at Unacademy amid strategic pivot due to mounting challenges.
- Co-founders' exit coincides with Unacademy's shift to offline learning centers to counter online test preparation slowdown post-pandemic, facing declined revenue.
- Leadership turmoil at Unacademy with significant churn in senior leadership roles over the past year while Munjal and Saini shift focus to growing Airlearn as a standalone language learning app.
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Economic Times
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Lender Oxyzo’s revenue rises 34% to Rs 1,207 crore in FY25; net profit up 17%
- Oxyzo Financial Services, the lending arm of OfBusiness, saw a 33.6% rise in operating revenue to Rs 1,207 crore in FY25 with interest income contributing significantly.
- The net profit of Oxyzo increased by 16.7% to Rs 339.1 crore compared to the previous fiscal year, reflecting a positive growth trend.
- Majority-owned by OfBusiness, Oxyzo provides credit facilities and works closely with the parent platform that offers an ecommerce platform for sourcing raw materials.
- Total expenses of Oxyzo rose by 46% in FY25 to Rs 754.6 crore, with increased finance costs and employee benefit expenses affecting the overall financials.
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Eu-Startups
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Copenhagen-based FinTech startup Groundley secures €970K to build smarter finance engines with AI magic
- Copenhagen-based FinTech startup Groundley secures €970K Seed funding round to transform financial insight and sustainability tracking.
- The funding includes a loan from EIFO and equity backing from angel investors, valuing the startup at €4.6 million.
- Groundley, founded in 2023, offers an AI-powered platform for finance departments to access detailed spending insights and emissions tracking.
- The platform integrates with any ERP system, provides real-time dashboards, targets procurement efficiencies, sustainability compliance, and financial accuracy.
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Startup Story
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Hyderabad-Based Startup Harvesting Robotics Appoints Golden Retriever as Chief Happiness Officer
- Hyderabad-based startup Harvesting Robotics has appointed a golden retriever named Denver as its Chief Happiness Officer (CHO).
- Denver's role is to spread joy, boost morale, and reduce stress among employees in the company.
- The move towards a pet-friendly workplace has garnered positive reactions, with Denver becoming an instant hit among the team.
- Research shows that pet-friendly environments lead to increased employee retention, engagement, lower stress levels, and improved overall morale.
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Inc42
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With IPO On The Cards, Razorpay Moves Domicile To India
- Fintech major Razorpay has completed the reverse flip to merge its Delaware-registered parent entity with its Indian subsidiary, Razorpay Software India Pvt Ltd, as part of its IPO preparation.
- The move signifies a pivotal milestone in Razorpay's journey, as stated by Shashank Kumar, the cofounder and managing director of the company.
- This step follows the startup's recent conversion into a public company and renaming to 'Razorpay Software Limited' from 'Razorpay Software Private Limited.'
- The domicile shift aims to reduce tax liability to the US government, with estimates suggesting a potential decrease from $250-300 Mn to $200 Mn after consolidating under Razorpay Software India.
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Eu-Startups
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AI meets Health: 10 promising European startups leading the change in 2025
- European startups are leveraging AI to revolutionize healthcare by enhancing diagnostics and improving personalized care.
- In Q1 of 2025, European healthtech startups secured €12.79 billion in private funding, with AI-driven startups emerging as key players.
- Better Medicine, based in Estonia, uses AI to improve the early detection of kidney tumors through accurate CT scan analysis.
- Biolevate, headquartered in Paris, streamlines knowledge management in healthcare to fuel scientific innovation.
- Bioptimus, a Paris-based startup, focuses on building a universal AI foundation model for biology to accelerate scientific discovery.
- Elea, a German startup, enhances pathology in clinical diagnostics with AI, improving turnaround times and accuracy.
- Graph Therapeutics in Vienna is revolutionizing inflammation and immunology drug discovery by applying AI to identify drug candidates.
- Kardi Ai from the Czech Republic offers at-home cardiac monitoring through AI-powered wearable tech, reducing hospital visits.
- Okeiro in Paris provides an AI platform for chronic disease and transplant care, enabling early detection and personalised treatment pathways.
- Orakl Oncology in Villejuif combines biology and AI for oncology drug development, utilizing tumour avatars to simulate drug responses.
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ISN
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AI-powered experiential travel platform GydeXP raises funding at Rs 15 crore valuation
- GydeXP, an AI-powered experiential travel platform, has raised an undisclosed amount in a pre-seed funding round, valuing the startup at Rs 15 crore.
- The purpose of fundraising is to enhance AI-driven product capabilities, onboard top travel creators, and scale travel operations in destinations like Goa, Dalhousie, and Bali.
- The platform focuses on connecting travellers with local guides for authentic personalized adventures, addressing travel challenges like fragmented planning, superficial connections, and post-trip memory loss.
- GydeXP aims to facilitate meaningful connections and timeless memories for travellers and empowers travel creators to monetize their expertise through curated getaways.
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Inc42
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Ola Electric Q4: Loss More Than Doubles YoY To INR 870 Cr
- Ola Electric's Q4 FY25 consolidated net loss increased by 109% to INR 870 Cr compared to INR 416 Cr in the previous year.
- The company's operating revenue dropped by 62% to INR 611 Cr from INR 1,598 Cr YoY.
- Total revenue, including other income, stood at INR 728 Cr, marking a 56% decrease YoY.
- For the full fiscal year FY25, Ola Electric reported a loss of INR 2,276 Cr, up 44% from INR 1,584 Cr in FY24.
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Startupreporter
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Reimagining Rural India: How Brand Street Integrated Is Driving Brand Engagement Beyond Urban Borders
- Brand Street Integrated focuses on rural marketing by understanding the significant consumer base and purchasing power in rural India, contributing over 45% to the country's FMCG sales.
- They create immersive brand experiences at rural events like religious fairs, emphasizing on authentic engagement and cultural integration to build trust and brand loyalty.
- Their approach involves using touchpoints like temples, ration shops, and local influencers for effective marketing strategies, resulting in increased product trials and brand recall.
- The company combines data-driven planning with cultural insights, mapping various aspects of rural life to align brand presence for successful engagement, leading brands to see growth in rural markets.
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Economic Times
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Ola Electric Q4 net loss doubles to Rs 870 crore as revenue slumps 62%
- Ola Electric reported a net loss of Rs 870 crore in Q4 FY25, doubling from the previous year, alongside a revenue decline of 61.8%.
- Operating revenue declined to Rs 611 crore from Rs 1,598 crore primarily due to sluggish electric scooter sales.
- The company plans to integrate its own battery cells into its vehicles, aiming to improve cell production yields before full-scale launch.
- Ola Electric slipped to third position in India's electric two-wheeler market, facing scrutiny over discrepancies in reported sales figures and quality issues.
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TechCrunch
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Buildots raises $45M to help companies track construction progress
- Buildots, a Chicago startup founded in 2018, offers a platform that tracks construction progress using AI and computer vision technology.
- The platform processes images from 360-degree cameras mounted on managers' hard hats, allowing real-time tracking and forecasting of project status, potential delays, and pacing issues.
- Buildots raised $45 million in a Series D funding round led by Qumra Capital, bringing its total funding to $166 million.
- The company plans to utilize the new funding to expand its product, improve AI models using historical data, and grow its North American operations and R&D teams.
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Dev
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💡 Have You Ever Had a Brilliant Idea… Then It Got Lost in the Mess?
- Many people experience the frustration of coming up with brilliant ideas that get lost in the chaos of everyday life.
- After the initial spark, ideas often end up half-baked and forgotten, making it challenging to revisit and develop them further.
- The struggle lies in capturing the creative flow while structuring and visualizing the idea in a clear and presentable way.
- The article suggests a comprehensive workspace solution that combines AI assistance, structured documentation, and visualization tools to help refine and share ideas effectively.
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