Update | 19:10 IST Aye Finance’s public issue ended final day of bidding with an undersubscription, with investors bidding for 97% of the overall float. Investors cumulatively bid for 4.42 Cr shares against 4.55 Cr shares on offer. The issue received the highest interest from qualified institutional buyers, who oversubscribed their quota by 1.5X. QIBs bid for 3.72 Cr shares against 2.48 Cr reserved for them. Retail investors undersubscribed their quota, bidding for 63.56 Lakh shares against 82.78 Lakh reserved for them. This translated to a 77% subscription. The least interest for the issue came from non-institutional investors (NIIs), who subscribed to a mere 5% of their quote. NIIs bid for 6.23 Lakh shares of the issue out of 1.24 Cr reserved for them. Although the IPO closed undersubscribed, the NBFC has met SEBI’s minimum subscription threshold. Under SEBI’s ICDR Regulations, an IPO is required to receive at least 90% subscription of the issue size to be considered successful. Original | 14:15 IST NBFC Aye Finance’s IPO picked up pace on the final day of bidding and was subscribed 51% as of 14:15 IST. It received bids for 2.30 Cr shares against 4.55 Cr shares on offer. Qualified institutional buyers…  ​Read MoreInc42 Media

SteamPRO, India’s first bath-tech company, has raised ₹3.8 crore in seed funding in a round co-led by Anicut Capital, Zeropearl VC, D2C Insider Super Angels and Atrium Ventures, with participation from other strategic angel investors. The capital will be deployed to expand in-house manufacturing capacity, scale national service operations, and develop a pipeline of new hydro wellness products. These initiatives support SteamPRO’s long-term vision of establishing bath-tech as a mainstream consumer category within India’s rapidly evolving home and wellness ecosystem.Across India’s leading metropolitan markets, home wellness spending is growing at over 20 percent year on year, signalling a decisive shift in consumer behaviour as wellness at home moves from aspiration to everyday routine. India’s broader bathroom and sanitaryware market, estimated at over ₹30,000 crore, is expanding steadily on the back of rising disposable incomes, premium housing demand, and design-led renovation cycles, with bath technology and hydro wellness emerging as one of the fastest-growing sub-categories. As urban consumers increasingly prioritise clean living environments, holistic lifestyles, and long-term health, bathroom upgrades have become a top renovation priority in premium households. Yet despite this growing momentum, the bathroom remains one of the least evolved rooms in the modern Indian home, and SteamPRO aims to reimagine…  ​Read MoreStartupTalky- Business News, Insights and Stories

As AI chatbots become more common, many internet users now rely on multiple conversational platforms every day to handle questions and tasks. A common frustration, however, is that when users switch from one chatbot to another, they usually have to restart their conversations from the beginning because previous chat histories do not carry over. Growing Use of AI Chatbots Highlights Frustration Over Lost Conversation History Google is reportedly experimenting with a new feature for its AI assistant, Gemini, that may allow users to bring in conversations from other major chatbots such as ChatGPT, Claude, Microsoft Copilot, and others. A report by TestingCatalog revealed that a new option has appeared inside Gemini’s attachment menu, suggesting that users may soon be able to transfer entire chat threads into the platform. Google reportedly labels this option as “Import AI chats,” and the feature would let users export their conversations from another AI service, upload the file into Gemini, and continue the discussion without losing previous context or shared media. Gemini May Soon Retain Context from Chats Imported from Other AI Platforms This system would allow Gemini to reference earlier discussions that originally took place in another chatbot, preserving both the information exchanged and…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups

The Reserve Bank of India is planning to introduce a compensation system for customers who fall victim to small digital frauds, offering reimbursement of 85% of the lost amount or up to ₹25,000, whichever is lower. This relief will be available only once in a person’s lifetime and will apply even to individuals who mistakenly shared their one-time passwords. RBI Proposes One-Time Compensation of Up to ₹25,000 for Small Digital Fraud Victims The proposal is part of a wider effort to strengthen consumer protection rules, especially as concerns grow over cybercrime, misleading financial product sales, and forceful loan recovery methods. RBI Governor Sanjay Malhotra explained that the central bank has reassessed its 2017 guidelines that were designed to limit customer liability in cases of unauthorised electronic banking transactions. The review was prompted by the rapid expansion of digital banking and payment technologies over the past several years. He stated, “Accordingly, the draft revised instructions, including a framework for compensation in case of small value fraudulent transactions, shall be issued shortly for public consultation,” indicating that the new rules will soon be open for feedback from the public. Malhotra added that while customers should ideally learn from others’ mistakes, the RBI…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups

Online travel aggregator (OTA) Yatra’s profit after tax for Q3 FY26 dipped 17% to ₹8.3 Cr from ₹10 Cr in the year ago period. On a QoQ basis, PAT declined 42% from ₹14.2 Cr reported in the previous quarter. The company said the quarter was impacted by a one-time statutory charge of ₹3.8 Cr due to the implementation of new labour codes. Excluding this impact, Yatra’s profit would have grown 21% YoY. Meanwhile, Yatra’s operating revenue increased 9% to ₹256.8 Cr from ₹235.2 Cr in the year-ago period. The company’s top line declined 27% from ₹350.8 Cr recorded in the previous quarter. Including other income of ₹4.8 Cr, Yatra’s total income for the period stood at ₹261.5 Cr.  Total expenses for the quarter stood at ₹248.7 Cr, a 8% increase from ₹231.2 Cr in the same period last year.  Revenue less service cost (RLSC), which essentially is gross margin, rose 23% YoY to ₹127.7 Cr from ₹104.1 Cr in the year-ago period. Gross margin percentage improved marginally to 5.9% from 5.8% last year.  EBITDA jumped 64% YoY to ₹23.9 Cr while EBITDA margin expanded to 18.7% from 14% in Q3 FY25. The company’s gross bookings grew 21% YoY to ₹2,175.9…  ​Read MoreInc42 Media

In the draft Income Tax Rules, 2026, they have proposed significant changes to the way the taxable value of motor vehicles is calculated.  How Did This Happen? So far, they have introduced several revisions  in the valuation of perquisites where an employer provides a car to an employee.  Moving ahead, these changes are approved by Parliament, they will apply under both the old and new tax regimes, since they relate to the valuation of salary-related perks irrespective of the regime opted for. It is mainly affecting the categories where the perquisite value has been increased. The  employees will end up paying higher income tax, as the revised value of the perk will be added to their salary income and taxed accordingly. For understanding this, let’s consider an example of an employer providing a car for both official and personal use and the employee bears the fuel and maintenance costs, the taxable perquisite value has been sharply revised.  Here, for a car with an engine capacity of less than 1.6 litres, the taxable value was Rs 600 per month earlier but this has been increased to Rs 2,000 per month under the draft rules. This changes according to the capacity, for…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups

Recently listed media SaaS company Amagi recorded a 292% jump in its net profit after tax (PAT) for the December 2025 quarter (Q3 FY26) to ₹30.9 Cr  from ₹7.8 Cr in the same quarter last year. Sequentially, PAT zoomed over 12X from ₹2.5 Cr in the preceding quarter.  Operating revenue surged 22% YoY and 8% QoQ to ₹404 Cr during the quarter under review. Including other income of ₹11.1 Cr, Amagi’s total income for the quarter stood at ₹415 Cr.  The company’s expenses during the period under review stood at ₹380 Cr, up 13% from ₹335.8 Cr spent in Q3 FY25.  Growth during the quarter was broad-based across Amagi’s three core business segments. Streaming Unification, its largest segment, contributed ₹226.2 Cr, growing 21% YoY. The revenue growth here was driven by existing clients expanding their content libraries and distribution footprint on Amagi’s platform.  Besides, cloud modernisation revenue increased 18% YoY to ₹64.6 Cr. In its shareholders letter, the company said that YoY comparisons were affected by revenue recognition timing related to a large broadcaster engagement that was recognised earlier in FY26 due to Ind AS norms.  The monetisation & marketplace segment generated ₹113 Cr, rising 28% YoY, supported by higher…  ​Read MoreInc42 Media