April 30, 2026 saw a burst of funding across India’s startup scene, from Ctruh’s $2.5M seed round for browser-based XR tools to Oolka’s $14M Series A for AI credit management. Kissht pulled in ₹278 crore from anchor investors ahead of its IPO. Meanwhile, Cars24’s COO Mehul Agrawal stepped down and IndiaMART’s Q4 profit fell 72%.
IndiaMART InterMESH’s Q4 FY26 net profit crashed 72.2% year-on-year to ₹50.2 crore, down sharply even versus the previous quarter. While operating revenue rose 13.8% YoY to ₹404.3 crore, total expenses jumped 19% to ₹279.3 crore. A ₹33.9 crore loss under other income dragged total income to ₹370.4 crore.
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