From Rapido’s food delivery app launch in Bengaluru to Treebo’s strategy from burn to profitability, YourStory brings you today’s headlines with the latest developments across sectors.
Featured News
From burn to breakthrough: How Treebo Hospitality Ventures found profitability, tech muscle, and a mid-market play
Treebo Hospitality Ventures (THV) has had a journey marked by turning points—each one nudging the company toward resilience, innovation, and a growing share of India’s fragmented hospitality sector.
The company began challenging industry norms early on. While most hotels relied heavily on OTAs (online travel agencies) for demand, Treebo invested in building its direct-to-consumer (D2C) channel.
In a conversation with YourStory, Sidharth Gupta, Co-founder of Treebo Hospitality Ventures, walks through the company’s biggest pivots—from near-collapse to profitability, and from budget focus to a full-fledged mid-market expansion.
IndiaMART’s playbook for digitising MSMEs
IndiaMART InterMESH Limited, one of the leading B2B marketplaces in the country, has been closely connected with the MSME ecosystem, supporting their digitisation journey and showcasing new ways of doing business.
MSMEs in India have adopted digital platforms in their business, but now they will have to harness AI and GenAI technologies to remain relevant, says IndiaMART InterMESH COO.
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Latest News
Aditya Birla Group’s TMRW secures Rs 437 Cr from ServiceNow Ventures
TMRW, a house-of-brands ventures backed by Aditya Birla Group, has raised Rs 437 crore from US-based ServiceNow Ventures to tap into the investor’s agentic AI platform.
“ServiceNow’s Agentic AI and automation capabilities to power TMRW’s tech platform,” Aditya Birla Fashion and Retail Limited said in a press release.
TMRW’s revenue grew 38% in the first quarter of FY26, even as its losses widened by 37% to Rs 63 crore. TMRW has brands such as The Indian Garage Co, Bewakoof, Nobero and Virat Kohli’s Wrogn in its portfolio.
Rapido rolls out food delivery app Ownly in selected areas of Bengaluru
Cab-hailing startup Rapido has rolled out its food delivery app, Ownly, catering to selected areas in Bengaluru. The app is currently only available on the Google Play Store, and services areas including Koramangala, BTM Layout, and HSR, according to reports. The company’s plans to enter the segment ruled by listed giants Zomato and Swiggy were disclosed earlier this year.
The firm is rolling out a commission-free model to enable restaurants to pocket more money from food orders and also reduce the cost of food being delivered to users.
Ride-hailing platform Rapido’s foray into the food delivery landscape is expected to challenge the heavy commissions levied on restaurants by food-tech giants Zomato and Swiggy.
Funding News
SMBC Asia Rising Fund leads Rs 100 crore equity round in Shivalik Small Finance Bank
SMBC Asia Rising Fund, the corporate venture capital arm of Japan’s Sumitomo Mitsui Banking Corporation (SMBC), has led a Rs 100 crore ($12 million) equity funding round in Shivalik Small Finance Bank, the Indian lender said on Thursday.
Existing investors Accel, Quona Capital, Lightspeed and Sorin Investments also participated in the round.
The bank said it will use the fresh capital to strengthen its technology stack, expand hiring in product, engineering and operations, and scale its banking-as-a-service offering aimed at underserved MSME and retail segments in semi-urban and rural India.
Shreetech secures $4.5M from Aarii Ventures, Cello Family Office for infra tech expansion
Shreetech Data Pvt. Ltd. has raised $4.5 million from Aarii Ventures, the investment arm of the Kothari family, and the Cello Family Office to strengthen its integrated operations across data centres, power infrastructure, and in-house equipment manufacturing.
Founded in 1998, the Mumbai-based Shreetech offers design, construction, technical audits, IT integration, and lifecycle management through three verticals—data centre and digital infrastructure, power infrastructure, and manufacturing of mission-critical components. It has executed more than 100 data centre projects and holds over 500 MW of sanctioned power capacity.
Other News
Ampere Nexus becomes first electric scooter to reach Shipki La Pass
Ampere Nexus, an electric two-wheeler from Greaves Electric Mobility, has become the first electric scooter to reach Shipki La Pass in Himachal Pradesh, at an altitude of 13,200 feet, the company said on Thursday.
The three-day expedition, part of the Indian Army’s Border Tourism Initiative, began in Chandigarh on Aug. 9 and covered over 425 km through Shimla, Reckong Peo and Pooh before the final climb to the pass, located just 200 metres from the Line of Control.
The feat, achieved by two Ampere Nexus scooters, was recognised by the India Book of Records as the “First Electric 2-Wheeler to Reach Shipki La Pass.”
(The copy will be updated with the latest news throughout the day)
