VFS Blog

Startup News,
Straight to the Point.

Weekly analysis on India's most important startups — IPO moves, funding rounds, founder decisions, and the stories behind the numbers.

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Meesho's Profitability Moment: How India's Scrappiest E-Commerce Startup Defied Everyone

Meesho turned profitable in FY24 after 8 years and ₹12,000Cr in losses. Zero commission, no warehouses, 150M users — here's exactly how the unit economics finally clicked.

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Nykaa's Comeback: From ₹1L Crore Peak to Rebuilding — What the Numbers Say Now

Nykaa's stock crashed 60% from IPO peak. Two years of rebuilding later — the business is profitable, Fashion is pivoting, and SuperStore is a real new revenue line. The stock is not the business.

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Indian Startup Funding Q1 2026: What the Numbers Actually Say

India raised $3.2B+ in Q1 2026 — up 34% YoY. AI is eating everything, B2B fintech is winning, and edtech is still in the cold. Full breakdown of who got funded and why.

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Groww's IPO: Can India's Favourite Investment App Go Public in 2026?

Groww has 50M+ users, turned profitable in FY24, and the IPO signals are clear. We break down the valuation, risks, first-timer retention question, and what to watch in the DRHP.

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PhonePe Defers IPO — War Jitters or Smart Timing?

PhonePe officially pushed its ₹13,000 crore listing amid Israel-Iran conflict volatility. We analyse why this might actually be the right call and what it means for India's $15B fintech giant.

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How Snitch Hit ₹500Cr — Without a Single VC Dollar Early On

From ₹11Cr in FY21 to ₹520Cr run-rate in FY25. Snitch is India's most under-rated D2C success story — profitable, growing 3.2x, and now staring down H&M and Zara.

Ather Energy Listed — What ₹27,000 Cr Market Cap Tells Us

Ather Energy's May 2025 IPO was India's cleanest EV listing yet. Six months in, we examine how it's trading, whether the premium is justified, and what comes next for India's intelligent scooter maker.

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Why Zomato Renamed Itself Eternal — And What It Signals

The Zomato → Eternal rebrand isn't just cosmetic. It signals a structural shift from food delivery platform to a multi-vertical consumer internet company. Here's what the name change really means.