Skyroot fuels deeptech fire; Paytm Q1 profit jumps
Skyroot fuels deeptech fire; Paytm Q1 profit jumps Want this newsletter delivered to your inbox? Also in the letter Deeptech startups to ride on Skyroot’s
Skyroot fuels deeptech fire; Paytm Q1 profit jumps Want this newsletter delivered to your inbox? Also in the letter Deeptech startups to ride on Skyroot’s success; likely to fuel VC funding New benchmark Early backers win Bansal invested about $1.3 million across rounds and now holds a 5.67% stake. He has realised roughly $11 million from partial stake sales and his remaining stake is valued at about $63.2 million. Other early backers include former WhatsApp chief business officer Neeraj Arora and former Google executive Amit Singhal. Commercial ripple effects Also Read Skyroot targets one Vikram rocket launch every month from 2027: CEO Pawan Kumar Chandana Paytm Q1 profit jumps 79%; board shelves bonus share proposal Profitability gathers pace Earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 182% to Rs 203 crore as revenue grew faster than indirect expenses.
Paytm reiterated its medium-term Ebitda margin target of 15-20% over the next two to three years. Merchant payments, merchant loans, consumer payments and consumer monetisation will remain its four key growth engines. Capital stays focused on growth Paytm said it would remain disciplined in deploying its Rs 13,529-crore cash balance across organic and acquisition opportunities. Paytm expects payment processing margins to remain above four basis points over the medium term. It will invest Rs 100 crore in Paytm Money for technology, regulatory capital and expansion of its investment and wealth businesses. Also Read Paytm plans 10% staff increase in AI pivot, to lay off 400 Transition VC launches Rs 1,500 crore Fund II to back India's energy-tech startups Fund details The new fund will invest in about 20-23 hardware and deeptech startups across the energy demand and supply value chain.
The cheque sizes will be about $2-5 million. The fund will hold 20-25% stake in its investments. Managing director Raiyaan Shingati told us the deployment will begin in Q3 FY27. Double click Bigger picture Also Read VCs pivot to EV infra & energy storage in new $65 million funding wave Operator-led startups win an outsized share of venture capital: Report Data decoded Operator-led startups raised $131.7 million in 2025, compared with $11.1 million in
2023. They account for less than 1% of all startups launched in 2025, but attracted 11% of the funding. This is nearly double their share from 5.8% in 2023. Yes, and Also Read Private late-stage cheques go big at $86 million average this year Other Top Stories By Our Reporters TN plant leak fans cybersecurity worries Raghu Vamsi Aerospace raises funds Scapia announces Esop buyback Turtlemint eyes profitable FY27 Global Picks We Are Reading
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