Smart wearables startup GoBoult is planning to file a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) by October or November 2026 with the aim of listing on public bourses by the summer of 2027, cofounder Varun Gupta told Inc42.  “We have started the IPO process already. We had three major objectives before we go for an IPO and we have achieved those. We also wanted to rebrand before an IPO because the risk appetite to rebrand afterwards is much higher. We have done that now, so we are all set and are looking at a summer 2027 listing,” he said.  For context, GoBoult rebranded from Boult in August 2025 to position itself as a younger and more upmarket brand in anticipation of its public listing. However, it was reported at the time that the company was facing copyright infringement accusations from its competitor boAt, which might have influenced this decision. Important to note that boAt is also currently in the process of going public.  On the financial front, Gupta shared that the startup is targeting achieving a revenue of  ₹1,000 Cr for FY26. He is also projecting another 15-20% growth in revenue in…  ​Read MoreInc42 Media

While EV marker Ola Electric has been plagued by losses, declining market share in the two-wheeler EV segment, regulatory scrutiny, and falling share prices for the past year, retail investors seem to be betting on a revival in the company’s fortunes.  According to its shareholding data, the stake of retail investors in the company rose to 29.74% at the end of December quarter of 2025 (Q3 FY26) from 25.25% at the end of September quarter (Q2 FY26). The rise in shareholding was even more stark when compared to Q3 FY25, when retail investors held a 12.43% stake in Ola Electric. Retail investors holding nominal share capital of up to ₹2 Lakh held a 21.21% stake in Ola Electric at the end of Q3 FY26, up from 17.33% in the preceding quarter and more than double of 9.85% stake held by them in Q3 FY25. Meanwhile, large retail investors with a nominal share capital of over ₹2 Lakh had a 8.53% stake in the EV maker at the end of December 2025 as against 7.92% at the end of September quarter and 2.58% at the end of December 2024. It is pertinent to note that shares of Ola Electric crashed nearly…  ​Read MoreInc42 Media

German venture capital (VC) firm Bertelsmann Investments (BI) has acquired a majority stake, 80% to be precise, in its portfolio truck aggregator startup LetsTransport, with an intent to build and scale the startup as its first India based majority-owned, founder-led operating business. The firm didn’t disclose the size of the deal. In a statement, BII said that the deal would allow it to support LetsTransport by providing them access to long-term capital and governance support, as well as enabling access to Bertelsmann’s global network. With the deal, LetsTransport will become a part of Bertelsmann Next growth unit of BI. This marks the launch of Bertelsmann’s acquisition-oriented investment arm, Bertelsmann Next, in India. The buy-and-build investment unit within Bertelsmann Investments was created in 2022 as a dedicated division to accelerate entrepreneurial development in key growth sectors. Under this structure, LetsTransport will expand beyond a typical VC holding to become a core operating business within a dedicated “anchor investment” strategy, while founders continue to lead daily operations. Post the acquisition, the logistics startup will be renamed to LetsTransport Group (LTG). While the founders will remain in full operational leadership, BI’s managing director Pankaj Makkar will become the chairman of LTG’s board.  “LetsTransport…  ​Read MoreInc42 Media

The Central government has amended the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 to formally bring AI-generated content within India’s regulatory ambit. The amendments, notified by the Union Ministry of Electronics and Information Technology (MeitY) today, will come into effect from February 20.  The amended rules, Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2026, introduce a definition of “synthetically generated information”, which covers audio, visual or audio-visual content that is modified or altered using computer resources in a manner that appears real or authentic and is likely to be perceived as indistinguishable from a natural person or real-world event. The changes place fresh responsibilities on social media platforms and online intermediaries that allow users to create or share such content. Platforms will now have to clearly label AI-generated content and ensure users can easily identify it as “synthetically generated”. Intermediaries that enable the creation or dissemination of such content would be required to ensure that it is clearly and prominently labelled as synthetically generated. The amendments substantially reduce enforcement and grievance redressal timelines under Rule 3 of the IT Rules. Compliance with lawful takedown directions has been shortened from 36 hours to 3…  ​Read MoreInc42 Media

Coworking space provider IndiQube posted yet another loss-making quarter, with its loss widening 25% to ₹17.1 Cr in Q3 FY26 from ₹13.7 Cr in the year-ago quarter. However, the company managed to trim its loss by 43% from ₹30 Cr in the preceding September quarter. Operating revenue surged 45% YoY and 11% QoQ to ₹389.9 Cr. Including other income of ₹21.2 Cr, total income for the quarter stood at ₹411.1 Cr. IndiQube said that it reported its best quarterly revenue in the quarter. Meanwhile, total expenses grew 39% YoY to ₹434.2 Cr. The company received a tax credit of ₹6 Cr during the quarter under review. In its statement, the company claimed that its net profit for the quarter stood at INR 40 Cr, as per IGAAP, with an EBITDA of INR 81 Cr and EBITDA margin of 21%. It added that the variance between Ind AS and IGAAP-equivalent reporting arises mainly from non-cash accounting impacts, primarily on account of Ind AS 116, such as depreciation on right-of-use (ROU) assets and interest on lease liabilities. “These adjustments are purely accounting in nature and do not affect the company’s underlying operating strength. IndiQube’s core business continues to demonstrate robust profitability and…  ​Read MoreInc42 Media

Titan Company-owned jewellery brand CaratLane has reported a revenue of ₹1,537 Cr for the third quarter of the current financial year (Q3FY26), up 42% from ₹1,117 reported in the same quarter previous year. On a sequential basis, revenue grew 43% from ₹1,072 Cr. The brand’s EBIT (earnings before interest and taxes) grew about 53% to INR 200 Cr from INR 109 Cr in Q3 FY25. EBIT margin grew 287 bps to 13% from 10.1% in the year-ago quarter. Titan noted that its jewellery portfolio, which includes CaratLane, delivered an overall “blockbuster” quarter, elevated by a festive season boost to sales. The company attributed the robust growth across its jewelry catalogue to strong exchange programme, wedding demand, festive collections and attractive coin offers, which sustained momentum through the quarter despite elevated gold prices. Additionally, CaratLane’s studded portfolio clocked a robust 35% YoY growth led by consumer offers during this period. “Targeted promotions bundling coins resonated well with customers, aiding in conversions and increase in average ticket sizes,” the company said. Titan also launched a brand focussed on lab-grown diamonds during the quarter called beYon. It noted that this is unlikely to have an effect on its existing brands like CaratLane that…  ​Read MoreInc42 Media

Update | February 10, 18:20 IST Aye Finance’s IPO continued to witness lukewarm demand on the second day of bidding and was subscribed 16% by the end of the day. The issue received bids for 72.87 Lakh shares against 4.55 Cr shares on offer. Retail investors led the pack, with the portion reserved for them subscribed 47%. They placed bids for 39 Lakh shares against 82.78 shares reserved.  The portion reserved for qualified institutional buyers saw 13% subscription, receiving bids for 31.88 Lakh shares against 2.48 Cr shares reserved.  Non-institutional investors showed the least interest in the public issue, with the portion reserved for them seeing just 2% subscription. They bid for 1.98 Lakh shares against 1.24 Cr shares on offer.  Original | February 10, 14:47 IST NBFC Aye Finance’s IPO continued to see tepid response on the second day of bidding, with the issue subscribed 15% as of 13:48 IST. It received bids for 68.08 Lakh shares against 4.55 Cr shares on offer. Retail individual investors continued to drive the demand, placing bids for 34.67 Lakh shares against 82.78 Lakh shares reserved for them. This translated to a 42% subscription of their quota.  The subscription for the qualified institutional…  ​Read MoreInc42 Media