YC-Backed Firstwork Raises $15 Mn To Scale AI-Led HR Platform. 👇 US-based HR tech startup Firstwork has raised $15 Mn in a Series A round led by Earlybird Venture Capital, taking its total funding to $20 Mn. Existing investors Gradient and Y Combinator also participated. Founded by ex-Deel executives Vardhan Kapoor and Shubham Choudhary, Firstwork uses AI agents to automate frontline workforce operations, including onboarding, background checks, training and compliance. The startup plans to expand across the US and Europe and grow its AI, research, engineering and go-to-market teams. Notably, around 80% of its workforce is based in Bengaluru. 🔗 Read more about Firstwork’s global expansion plans here: 4-2.co/4kbks0y #Firstwork #HRTech #AIEconomy #StartupFunding News

Garuda Aerospace FY26 Profit Jumps 41% To ₹25.9 Cr As Revenue Surges 67%. 👇 Chennai-based drone startup Garuda Aerospace reported a net profit of ₹25.9 Cr in FY26, up 41.1% from ₹18.4 Cr a year earlier. Operating revenue surged 66.8% YoY to ₹206 Cr. EBITDA rose 31.8% to ₹35.1 Cr, while total expenses increased 73.2% to ₹172.2 Cr, driven largely by higher raw material costs. The startup’s proposed ₹750 Cr IPO received SEBI approval in August. Garuda plans to use the fresh issue proceeds for business growth, working capital and loan repayments. 🔗 Read more about Garuda Aerospace’s financial performance and IPO plans here: 4-2.co/4jwqdWq #GarudaAerospace #Drones #DefenceTech #Startup #IPO #News

WhatsApp, Telegram SIM-Binding Rules Set To Take Effect From January 1, 2027: Report. 👇 Messaging platforms including WhatsApp and Telegram are reportedly preparing to implement the DoT’s SIM-binding mandate from January 1, 2027. The rules require services to remain linked to the active SIM associated with a user’s registered mobile number. Platforms must reportedly complete implementation by December 31, 2026. The mandate aims to curb cyber fraud, phishing and impersonation scams. It could affect users who access messaging apps on devices without their registered SIM, though international roaming will remain unaffected if the associated SIM stays in the handset. 🔗 Read more about the upcoming SIM-binding rules and their impact on users here: 4-2.co/4BnzWoq #WhatsApp #Telegram #SIMBinding #CyberSecurity #News

Ultraviolette Launches X-47 Venom Electric Bike At ₹2.65 Lakh. 👇 A month after raising $85 Mn, electric two-wheeler startup Ultraviolette has launched its new motorcycle, X-47 Venom, at an introductory price of ₹2.65 Lakh for the first 5,000 customers. Bookings opened on October 22, with deliveries expected to begin in November 2026. Built on the new VX-100 platform, the bike offers a claimed range of 343 km, a top speed of 155 kmph and acceleration from 0 to 100 kmph in 5.9 seconds. Ultraviolette plans to expand manufacturing capacity and strengthen its domestic and international presence, targeting exports to contribute around 25% of revenue over the next five years. 🔗 Read more about Ultraviolette’s latest electric motorcycle here: 4-2.co/4k9SrGD #Ultraviolette #ElectricVehicles #EV #StartupFunding #News

Swiggy Shares Plunge 17% To 52-Week Low After Q2, Brokerages Cut Price Targets 👇 Swiggy shares fell as much as 17.23% to a 52-week low of ₹174.90 on the BSE after its Q2 FY27 results raised concerns over quick commerce arm Instamart’s widening losses. Several brokerages lowered their price targets, citing slower-than-expected growth and higher losses, though most retained their existing ratings. Swiggy’s consolidated net loss narrowed 16% YoY to ₹922 Cr, while operating revenue rose 36% to ₹7,571 Cr. Instamart’s adjusted EBITDA loss widened to ₹895 Cr in Q2 FY27 from ₹778 Cr in the previous quarter. Swiggy expects losses to have peaked and is targeting double-digit sequential NOV growth in Q3 FY27. 🔗 What’s driving investor concerns over Swiggy’s growth and profitability? Read the full story here: 4-2.co/4idgP7A #Swiggy #Instamart #StockMarket #FinancialResults #News

. @MotilalOswalLtd, Calliope Apply For 2.39 Cr @OlaElectric Shares In Rights Issue. 👇 Motilal Oswal Financial Services and Calliope Capital Advisors have applied for a combined 2.39 Cr shares in Ola Electric’s ₹1,000 Cr rights issue against entitlements transferred by promoter group entities ANI Technologies and Indus Trust. Motilal Oswal applied for 1.28 Cr shares, while Calliope applied for 1.10 Cr, covering the full entitlements transferred to them. Priced at ₹27 per share, the issue will fund debt repayment, organic growth and general corporate purposes. It closes on October 30. 🔗 How will the rights issue support Ola Electric’s growth? Read the full story here: 4-2.co/4edbQmz #OlaElectric #MotilalOswal #RightsIssue #EV #News

. @reliancejio Platforms IPO Subscribed 6.76X On Final Day As QIB Demand Hits 14.18X. 👇 Reliance Industries’ digital services arm Jio Platforms’ ₹30,213 Cr IPO was subscribed 6.76X on the final day of bidding, with investors bidding for 133.51 Cr shares against 19.75 Cr on offer. Qualified institutional buyers (QIBs) led demand with 14.18X subscription, followed by non-institutional investors at 9.17X. The retail portion was subscribed 1.99X. Priced at ₹1,065–₹1,119 per share, the IPO values Jio Platforms at around ₹10.3 Lakh Cr. The company plans to use ₹27,500 Cr of the proceeds to repay borrowings of its telecom subsidiary, Reliance Jio Infocomm. 🔗 Read more about Jio Platforms’ ₹30,213 Cr IPO and investor demand here: 4-2.co/4igrMFN #JioPlatforms #JioIPO #IPO #StockMarket #News

. @PeeSafe built a quick commerce business that now drives 40% of its domestic sales, with double-digit contribution margins. From fixing supply chain gaps to expanding across 6,500+ dark stores, cofounder Rithish Kumar shares how the brand cracked quick commerce profitability. The Quick Commerce Code: Presented by Inc42 | Powered by @NitroCommerce Read more: bit.ly/3W4ZKFF #QuickCommerce #D2C #Inc42 #NitroCommerce

Swiggy To Shift Instamart To Inventory-Led Model By Mid-Q3 FY27. 👇 Swiggy plans to transition its quick commerce business Instamart to an inventory-led model, targeting completion by mid-Q3 FY27. The shift is expected to improve its working capital cycle by 8–10 days and potentially boost contribution margins by 80 basis points once fully implemented. The move will give Instamart greater control over product assortment, pricing and availability, as it looks to improve its business economics. Swiggy’s domestic ownership has now crossed 58%, following shareholder approval for the transition. However, Instamart’s contribution margin weakened to -1% of gross order value in Q2 FY27, while its adjusted EBITDA loss widened to ₹895 Cr. The business added 69 net dark stores during the quarter, taking its network to 1,240 across 133 cities. 🔗 Can the inventory-led model help Instamart improve its margins? Read the full story here: 4-2.co/3UhVeDg #Swiggy #Instamart #QuickCommerce #BusinessStrategy #News

. @TonboImaging Lists At 66% Premium On BSE, 65.7% On NSE. 👇 Defence tech company Tonbo Imaging made a strong market debut, listing at ₹1,162 on the BSE, up 66% from its IPO issue price of ₹700. On the NSE, shares listed at ₹1,160, up 65.71%, valuing the company at ₹6,656 Cr. The ₹852 Cr IPO was subscribed 135.9X and comprised entirely an offer for sale (OFS), meaning Tonbo will receive no proceeds. Its cofounders collectively pocketed ₹137.2 Cr through share sales. Despite the strong debut, FY26 operating revenue fell 22.7% YoY to ₹362.6 Cr, while net profit declined 30% to ₹50.8 Cr. In Q1 FY27, the company reported a net loss of ₹17.7 Cr. 🔗 Can Tonbo sustain its market momentum despite the financial slowdown? Read the full story here: 4-2.co/3WGCQVg #TonboImaging #DefenceTech #IPO #StockMarket #News

BlueStone Q2 Revenue Jumps 45% To ₹745 Cr As Loss Narrows 92% To ₹4.4 Cr. 👇 Omnichannel jewellery retailer BlueStone reported a net loss of ₹4.4 Cr in Q2 FY27, down nearly 92% from ₹52.1 Cr a year ago. However, it slipped into the red from a net profit of ₹6 Cr in the preceding quarter. Operating revenue rose 45% YoY to ₹745 Cr, while adjusted profit after tax stood at ₹19.6 Cr, compared with an adjusted loss of ₹26.8 Cr a year ago. Pre-IndAS EBITDA surged 234% YoY to ₹53.5 Cr. The company said new customers contributed a larger share of revenue than in the previous quarter, while average order value (AOV) moderated. 🔗 How is BlueStone driving growth while improving profitability? Read the full story here: 4-2.co/4za39Sg #BlueStone #Jewellery #FinancialResults #Retail #News

📈 . @zetwerk Makes Stock Market Debut At 5.5% Premium On NSE. 👇 B2B manufacturing company Zetwerk made its stock market debut at ₹159.25 on the NSE, a 5.46% premium over its IPO issue price of ₹151. On the BSE, shares listed at ₹159, up 5.3%. The ₹5,012.3 Cr IPO comprised a fresh issue of ₹2,830 Cr and an offer for sale (OFS) worth ₹2,182.3 Cr. The company plans to use ₹2,160 Cr from the fresh issue to repay or prepay borrowings. Zetwerk’s operating revenue rose 40.4% YoY to ₹15,913.3 Cr in FY26, while its net loss widened to ₹1,606.2 Cr from ₹370.7 Cr in FY25. 🔗 How will Zetwerk perform as a listed company? Read the full story here: bit.ly/3UMFXul #Zetwerk #IPO #StockMarket #Manufacturing #News