Indian startup news on 2 November 2026
It covers acquisitions involving Affle and Provision Labs, results from Capillary Technologies, Delhivery, ideaForge, MobiKwik and Purple Style Labs, launches from CloudSEK, Fibe, Razorpay and Taghash and funding for Compounding Asset Partners, Dispatch Network, Hyeglo Beauty, OBSESS and Two Point O Capital. Sectors: Consumer Internet & Media, Enterprise Software & IT, AI & Deep Tech, Financial Services and Mobility & Logistics. Stages: Private equity round (in talks), Pre-seed, Seed and Angel. Based in Gurugram, Bengaluru, Pune and New Delhi.
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Affle · Acquisition · 2 November 2026 · $420MAffle to buy Perion Network for $420MAffle runs a mobile advertising and consumer intelligence platform that serves brands in India, emerging markets and developed economies - CT
Capillary Technologies · Results · 2 November 2026Capillary Technologies returns to ₹22 crore profitCapillary Technologies is a Bengaluru software firm selling cloud loyalty and customer engagement tools to over 465 brands in 53 countries
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CloudSEK · Launch · 2 November 2026CloudSEK opens incubator for security startupsCloudSEK is a Bengaluru cybersecurity company that tracks digital threats for enterprises - CA
Compounding Asset Partners · Funding · 2 November 2026 · ₹350 CrCompounding Asset Partners in talks for ₹350 CrCompounding Asset Partners is an investment firm started by Niket Shah, a former chief investment officer at a large fund house - DE
Delhivery · Results · 2 November 2026Delhivery swings to ₹41 crore profit in Q2Delhivery is a Gurugram-based logistics company that moves parcels and freight for businesses and online sellers - DN
Dispatch Network · Funding · 2 November 2026 · ₹5 CrDispatch Network raises ₹5 crore pre-seedDispatch Network runs a fleet of riders in Pune who carry food and quick-commerce orders for several delivery apps
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Fibe · Launch · 2 November 2026Fibe launches UPI payments after NPCI approvalFibe is a digital lending platform that also sells credit cards, fixed deposits and loans for healthcare, education and rooftop solar - FV
Fireside Ventures · People · 2 November 2026Vinay Singh to exit Fireside VenturesFireside Ventures is a Bengaluru venture capital firm that backs consumer brands in beauty, food, wellness and lifestyle - HBHyeglo Beauty · Funding · 2 November 2026 · ₹7 CrHyeglo Beauty raises ₹7 crore led by SauceHyeglo Beauty is a Delhi-based direct-to-consumer makeup and personal care brand started in April 2026 by Kanupriya Ahluwalia
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ideaForge · Results · 2 November 2026ideaForge swings to Q2 profit on 124% revenue jumpIdeaForge is an Indian drone maker that sells unmanned aircraft for defence and surveillance work - MO
MobiKwik · Results · 2 November 2026MobiKwik posts record quarterly profit of ₹11.8 croreMobiKwik is a fintech platform offering digital payments and small loans to consumers and merchants - OBOBSESS · Funding · 2 November 2026 · ₹3 CrOBSESS raises ₹3 crore angel roundOBSESS is a Noida fitness platform launched in March 2026 that links users with gyms, sports venues, trainers and nutrition brands
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Pixxel · News · 2 November 2026Pixxel CEO rejects US control claimsPixxel is a Bengaluru spacetech startup that operates satellites for Earth observation data - PLProvision Labs · Acquisition · 2 November 2026Provision Labs buys hardware startup BasiliskProvision Labs, founded by Pronto's Anjali Sardana, builds data and testing tools for AI that works in the physical world
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Purple Style Labs · Results · 2 November 2026Purple Style Labs narrows Q2 loss to ₹68 CrPurple Style Labs is the parent of Pernia's Pop-Up Shop, a designer fashion retailer - RA
Razorpay · Launch · 2 November 2026Razorpay gets final GIFT City payments licenceRazorpay is a Bengaluru fintech that provides payment services to businesses across India - TA
Taghash · Launch · 2 November 2026Taghash launches Brain AI assistant for fundsTaghash makes software for investment funds, covering deal flow, portfolio tracking, fund operations and investor relations - TP
Two Point O Capital · Funding · 2 November 2026 · $10MTwo Point O Capital raises $10 millionTwo Point O Capital, headquartered in Mumbai, finances solar and other clean power assets for factories, offices and similar business clients - VT
ValueQuest Tristar Fund · New fund · 2 November 2026 · ₹2,100 CrValueQuest manufacturing fund raises ₹2,100 CrValueQuest Tristar Fund is a private equity fund backing India's advanced manufacturing, from aerospace to defence