UpdateCredit, payments & interestTech & digital trade2 days ago

Veefin H1 FY27 profit jumps 2.3X to ₹25 Cr, revenue doubles

BSE SME-listed fintech SaaS firm Veefin Solutions reported a 127% rise in net profit to ₹24.9 Cr in H1 FY27, with revenue more than doubling to ₹238.8 Cr. The company’s supply chain finance pipeline stands at ₹920 Cr.

Read at Inc42 — Startup and funding news

Summary by TT-Media from “Veefin H1 FY27 Profit Jumps 2.3X YoY To ₹25 Cr, Revenue More Than Doubles” (Inc42 — Startup and funding news, Trade press). For the full text, official notices and exact figures, read the original.

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Inc42 — Startup and funding newsTrade press3 h ago

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E-commerce festive season squeezes seller margins with higher fees, penalties

Amazon and Flipkart have revised cancellation penalties and logistics fees ahead of the festive season, impacting seller margins. Flipkart charges flat fees for delays and cancellations, while Amazon links penalties to order value. Rising logistics costs add to the burden.

Why it matters

Textile and apparel sellers on e-commerce platforms should factor in higher cancellation fees and logistics costs when planning festive season inventory and pricing.

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Inc42 — Startup and funding newsTrade press3 h ago

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SoftBank sells 1.2% stake in Ola Electric amid rights issue

SoftBank has sold 1.2% of its stake in Ola Electric, reducing its holding to 11.7%. It also sold 25.9% of its rights entitlements in Ola Electric’s ₹1,000 crore rights issue.

Why it matters

Watch Ola Electric’s financial health; textile MSMEs should monitor EV sector trends for supply chain opportunities.

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Inc42 — Startup and funding newsTrade press3 h ago

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QwikBuild raises $2.3M to expand enterprise AI platform

Bengaluru-based QwikBuild has secured $2.3 million in pre-seed funding led by Globalway. The startup builds AI-driven enterprise software to reduce development and deployment time. It also announced a joint venture to enter Japan’s market.

Why it matters

Textile MSMEs adopting digital tools should watch for AI-driven workflow automation solutions that could streamline operations.

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Inc42 — Startup and funding newsTrade press13 h ago

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IndiaMART Q2 FY27 profit rises 10% YoY to ₹91 Cr, revenue grows 10%

IndiaMART reported a 9.8% YoY increase in net profit to ₹90.7 Cr for Q2 FY27, with revenue up 10% to ₹428.6 Cr. EBITDA margin improved by 300 bps to 40%, despite a sequential profit decline. Paying suppliers grew to 2.2 Lakh.

Why it matters

Textile MSMEs using IndiaMART should track platform trust and AI tools for better engagement and supplier monetisation.

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