Zaggle Q3: Profit Jumps 88% YoY To ₹37 Cr
SaaS company Amagi sees net profit jump 4X in Q3 FY26
Amagi Media Labs, a software-as-a-service (SaaS) company focused on the media and entertainment industry, saw its net profit rise 4X in the third quarter of FY26.The company registered a net profit of Rs 31 crore in Q3—a whopping 292% jump when compared with Rs 8 crore recorded in the previous year. Its revenue grew by 22% year-on-year (YoY) to touch Rs 404 crore in the third quarter.On the performance of the company, Amagi CEO Baskar Subramanian said, “Our platform, connecting content providers, distributors, and advertisers, continues to compound, with leading indicators strengthening across the board. As revenue scaled, we saw operating leverage translate into improved Adjusted EBITDA and PAT performance.”For the nine months of FY26, Amagi achieved a revenue of Rs 1,109 crore, representing a 30% annual growth, and a net profit of Rs 37 crore.The company said the growth was broad-based across its business segments—streaming unification, cloud modernisation, monetisation, and marketplace. Amagi's customer count reached 499, an addition of more than 40 across segments over the last 12 months.The company said the cash balance at the end of December 31, 2025, stood at Rs 803.4 crore, which will be used to support ongoing operations and planned investments. The capital… Read MoreYourStory RSS Feed
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USV buys 79% stake in Wellbeing Nutrition, bets on weight loss...
Indian pharmaceutical major USV has signed a definitive agreement to acquire a 79% stake in direct-to-consumer (D2C) brand Wellbeing Nutrition, valuing the company at Rs 1,583 crore, as the drugmaker pivots toward the high-growth weight management and clinical nutrition sector.The all-cash transaction facilitates a complete exit for early investors Fireside Ventures and consumer goods giant Hindustan Unilever, each holding a 19.8% stake. The deal marks a significant liquidity event with Fireside Ventures clocking an approximate 15-fold return on its initial investment, while HUL secured a 5-fold gain.Beyond the immediate change in ownership, the acquisition signals a major strategic entry into the GLP-1-based weight-loss market. While patents for key weight-loss drugs are expiring, USV and Wellbeing Nutrition are jointly developing oral, simpler delivery mechanisms for GLP-1 therapies, instead of current injectable treatments.The collaboration is also targeting the side effects associated with these rapid weight-loss treatments, specifically the loss of muscle mass known as sarcopenia. The company plans to introduce clinical-grade protein supplements fortified with ingredients designed to aid muscle synthesis in patients undergoing GLP-1 therapy."We really want to go out and break the norm on how nutrition as a category in India has been built," Wellbeing Nutrition founder Avnish Chhabria shared… Read MoreYourStory RSS Feed
Raenest launches in India to power faster, more predictable global payments...
Raenest, a global payments and multi-currency platform, has launched in India, extending its cross-border payments infrastructure to support Indian professionals earning from international markets. The expansion gives users access to foreign currency accounts and international transfer tools designed for faster settlements, clearer pricing, and more predictable access to global income.The India launch is aimed at freelancers, remote professionals, and creators who receive payments from overseas employers, clients, and platforms. Raenest enables users to send and receive US dollars (USD), euros (EUR), and pound sterling (GBP), receive payments in stablecoins (USDC and USDT), and convert and withdraw in Indian rupees (INR), all within a single platform. The launch also introduces Raenest FastTrack, which allows freelancers earning from platforms like Upwork to receive their earnings in under one hour, helping remove delays associated with international payments.“India is home to a growing base of globally connected professionals,” said Victor Alade, CEO and Co-founder of Raenest. “By launching in India, we’re making it easier for more people to participate in the global economy without being slowed down by payments infrastructure. With features like Raenest FastTrack, freelancers can access their Upwork earnings in under one hour, bringing greater speed and predictability to global payments.”What users… Read MoreYourStory RSS Feed
10,000 delegates, 100+ speakers, one vision: Inside the landmark summit that...
When over 10,000 delegates from 30+ countries gathered in Jaipur from January 4 to 6, 2026, they came seeking answers to questions that will define India's next decade. What emerged over three intensive days at the Jaipur Exhibition & Convention Centre was a blueprint for how technology, entrepreneurship, and policy can converge to create shared prosperity.The 10th edition of TiE Global Summit, running simultaneously with Rajasthan DigiFest, delivered on its promise to showcase why a non-metro city can compete with established innovation hubs and how AI will reshape every aspect of business and governance.Setting the foundation with vision and capitalThe opening day set a national tone. Prime Minister Narendra Modi’s message framed the urgency and opportunity of the moment. “AI is already reshaping our polity, our economy, our security, and even our society. AI is writing the code for humanity,” he said, underlining AI’s role across healthcare, education, agriculture, and governance.This vision translated into concrete action during the Rajasthan Regional AI Impact Summit. The state government announced the Rajasthan AI and ML Policy and Portal, unveiled the Rajasthan AI Mission, and outlined AI skilling initiatives aimed at building long-term capacity. Together, these moves positioned Rajasthan as an active participant in… Read MoreYourStory RSS Feed



















