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Nikhil Subramaniam

Nikhil Subramaniam

Inc42

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Swiggy’s Instamart Engine Needs To Kick On

Food delivery giant Swiggy finds itself at a critical juncture, and it’s almost a make-or-break time for its big bet…

18.05.2025 10

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Nikhil Subramaniam

Will India Get Squeezed Between Trump And Apple? 

The theatre surrounding Apple’s manufacturing tussle between India and China got another twist this past week, courtesy of US President…

18.05.2025 10

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Nikhil Subramaniam

 Time To Fight The Misinformation War

There’s supposed to be a ceasefire between India and Pakistan now, but the biggest lesson from this past week was…

11.05.2025 10

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Nikhil Subramaniam

India-Pakistan Conflict, The Ceasefire And Stock Markets 

Just as we were about to finalise this edition of Inc42 Markets, word broke out about a ceasefire and potential…

11.05.2025 8

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Nikhil Subramaniam

Unmasking Kult: How Rahul Yadav’s Web Swallowed The Beauty App

What’s in a name? In the case of Karishma Singh’s beauty app Kult, the name is a premonition — it…

08.05.2025 8

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Nikhil Subramaniam

Eternal Battles Its Eternal Problem

Zomato or Eternal — what’s in a name, indeed? Even with a new name, the Deepinder Goyal-led company is dealing…

04.05.2025 10

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Nikhil Subramaniam

Flipkart’s Big India Bet

Eleven years after it was founded, Flipkart was acquired by Walmart in 2018 for a staggering $16 Bn. And as…

27.04.2025 10

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Nikhil Subramaniam

Ather Energy IPO: A Litmus Test For India’s EV Pioneer

After months of waiting, it’s finally here. Ather Energy will be the first mainboard IPO for FY26, and the first…

27.04.2025 10

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Nikhil Subramaniam

What India’s Early Stage AI Investors Want: Depth In Data, Talent And Product

What is the state of early stage AI investments in India and are investors changing the way they evaluate startups…

24.04.2025 4

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Nikhil Subramaniam

BluSmart, Medikabazaar & The Ghost Of Corporate Governance Returns

If there’s one consistent theme in business, it’s that everything moves in cycles. We have a funding and growth boom…

20.04.2025 7

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Nikhil Subramaniam

Will Trump’s Tariffs Spoil Indian Startup IPO Party?

In less than three months into his second stint as the US President, Donald Trump has thrown dozens of startup…

20.04.2025 10

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Nikhil Subramaniam

It’s Now Or Never For India’s Deeptech Dreams

In the fortnight since commerce and industry minister Piyush Goyal’s address at the Startup Mahakumbh, we have seen a range…

16.04.2025 9

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Nikhil Subramaniam

Urban Company Lines Up For IPO Race

At the start of the year, we knew that the IPO momentum was going to be super strong among Indian…

13.04.2025 20

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Nikhil Subramaniam

Ola Charges Up Battery Game

Ola Electric seems to be on the cusp of a transformation. And we don’t necessarily mean with the number of…

06.04.2025 10

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Nikhil Subramaniam

OYO Builds Its Tower Of Profits 

When OYO stepped out of losses and emerged into profitable territory in FY24, there was more than a healthy dose…

06.04.2025 10

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Nikhil Subramaniam

MobiKwik Spins The Revenue Wheel

Paytm went through the fire soon after its listing, and now it’s MobiKwik’s turn. The Gurugram-based fintech company has seen…

30.03.2025 20

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Nikhil Subramaniam

Swiggy Adds B2B Brick In Food Delivery Wall

Riding high at INR 617 just three months ago, the Swiggy stock has nosedived 43% from peak levels, wiping out…

23.03.2025 10

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Nikhil Subramaniam

Urban Company Joins The Rush Hour

Three years ago, we wrote about the 15-minute economy. At the time, quick commerce had just begun to find its…

23.03.2025 20

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Nikhil Subramaniam

PB Fintech’s Revenue Muddle Amid Healthcare Foray

What’s brewing at PB Fintech? That’s the question many are asking this past week after the release of a curious…

16.03.2025 10

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Nikhil Subramaniam

Indian VCs Pile Up On SaaS Deals In Chase For AI Gold

In the face of global geopolitical shifts, Indian VCs and startup investors are increasingly seeing AI and SaaS investments as…

13.03.2025 10

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Nikhil Subramaniam

Is Food Delivery The Silver Lining For Zomato, Swiggy?

Food delivery-turned-quick commerce giants Swiggy and Zomato have seen significant erosion in value and stock price in the past month,…

09.03.2025 6

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Nikhil Subramaniam

BYJU’S Stuck In Bankruptcy Limbo

Even as the tubelights go off one by one, BYJU’S founder and CEO Byju Raveendran continues to fight the fight…

09.03.2025 5

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Nikhil Subramaniam

Can Ola Electric Stop The Drop?

At an event before the Ola Electric IPO in August last year, the company’s founder and CEO Bhavish Aggarwal banked…

02.03.2025 20

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Nikhil Subramaniam

CRED Cranks Up The Loan Machine

When CRED crossed INR 2,400 Cr in revenue last year, it finally sent a message to India’s fintech ecosystem. The…

02.03.2025 10

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Nikhil Subramaniam

PhonePe Rolls Out The IPO Carpet

Ola Electric, Swiggy and now PhonePe. Another IPO from Bengaluru is all set to grab the limelight, as the fintech…

23.02.2025 8

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Nikhil Subramaniam

Zomato’s GenAI Bet: A Golden Nugget?

When Zomato announced that it would become Eternal, it kinda flipped a switch. The group became bigger than Zomato. It’s…

23.02.2025 20

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Nikhil Subramaniam

PE Funds Hone India Exits Playbook Amid Startup IPO Wave

For India’s private equity ecosystem, the wave of startup IPOs has unlocked new insights into the Indian market and in…

20.02.2025 10

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Nikhil Subramaniam

Bearish Market Curbs New-Age Tech Stocks’ Enthusiasm 

It was a week to forget for all new-age tech stocks in India, with just Honasa surviving the broad market-wide…

16.02.2025 10

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Nikhil Subramaniam

India’s OTT Battle Turns Into JioHotstar Or Nothing

‘One ring to rule them all, and in the darkness, bind them’ — the situation perhaps not as morbid as…

16.02.2025 10

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Nikhil Subramaniam

Swiggy Enters The Cauldron

After a spell of running with the bulls, Swiggy is grappling with bears. The stock fell below its issue price…

09.02.2025 10

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Nikhil Subramaniam

Ola Electric’s Slide 

Ola Electric has had a rough few months, going from a post-IPO high to crashing below its listing price and…

09.02.2025 10

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Nikhil Subramaniam

The Bull Case For Indian Startups

This is the first edition of Inc42 Markets, a special Sunday newsletter that spotlights exclusive insights, deep analysis, and expert…

02.02.2025 4

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Nikhil Subramaniam

The Blinkit Paradox

Remember that scene from Christopher Nolan’s Inception? One of the main characters takes another on a walk up a staircase,…

26.01.2025 30

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Nikhil Subramaniam

Paytm Still Waiting For Revival, One Year After RBI Action

It’s been a curious past year for Paytm. Even as the fintech giant has shown improved financial performance on paper…

20.01.2025 4

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Nikhil Subramaniam

How Dunzo Lost Its Edge

November 2024: it was a cool evening in Delhi, when the general partner of a Bengaluru VC firm frantically sought…

19.01.2025 10

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Nikhil Subramaniam

Will 2025 Bring Springtime For Startup M&As?

Despite showing signs of a funding revival, the Indian startup ecosystem is in a peculiar place now. Most of the…

16.01.2025 4

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Nikhil Subramaniam

Zomato, Swiggy’s New Hunger

Zomato and Swiggy walk into a bistro, ask to see the menu and the kitchen, have a ‘Snacc’ or two…

12.01.2025 20

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Nikhil Subramaniam

Indian VC Funds In 2025: New Faces, New Models And New Horizons  

Investors expect a bullish year ahead for startup funding, but that doesn’t necessarily mean a great 2025 for venture capital…

09.01.2025 20

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Nikhil Subramaniam

Ather Energy’s IPO Speed Bumps

Ather Energy is entering 2025 on the cusp of an IPO, but now India’s EV pioneer needs to get out…

05.01.2025 20

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Nikhil Subramaniam

Paytm’s Roller-Coaster Year

Paytm’s 2024 was a mirror image of 2023. The fintech giant finished 2023 on a low after coming very close…

29.12.2024 6

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Nikhil Subramaniam

PhysicsWallah’s IPO Frenzy 

In August, when we last looked at PhysicsWallah’s product strategy, we said the company is the only game in town…

22.12.2024 6

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Nikhil Subramaniam

Zepto Hits Quick Commerce Gold

Till Friday evening, Zepto was largely among the headlines this year for its massive $1.3 Bn fundraise spree. But with…

15.12.2024 20

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Nikhil Subramaniam

Unacademy’s Big Test

What’s happening at Unacademy? Reports indicate that the company is close to an acquisition, but cofounder and CEO Gaurav Munjal…

08.12.2024 5

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Nikhil Subramaniam

Swiggy, Flipkart’s Growth Pill: Will Quick Commerce Disrupt Pharmacies Next?

Aman Priyadarshi claims his startup Plazza is building India’s first instant health app. The likes of Swiggy Instamart, Blinkit and…

06.12.2024 6

Inc42

Nikhil Subramaniam

With 30 Startups At Launch, ‘Startup Policy Forum’ Looks To Fuel India’s New Economy 

Even as Indian startups have grown in prominence through funding and milestones such as IPOs, engaging with policymakers and regulators…

05.12.2024 4

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Nikhil Subramaniam

Zomato’s INR 8,500 Cr Refuel

Swiggy just netted $1.35 Bn through its IPO, Zepto armed itself with over $1 Bn in VC funding this year,…

01.12.2024 4

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Nikhil Subramaniam

How Mamaearth Lost Its Glow

One of India’s most celebrated beauty brands Mamaearth and its parent Honasa Consumer are under immense pressure. The past month…

24.11.2024 2

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Nikhil Subramaniam

Swiggy, One Year From Now

Swiggy is now a publicly listed company and there’s no looking back. But this is not the Swiggy that we…

17.11.2024 3

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Nikhil Subramaniam

Ola Electric Hits A Bottleneck

Ola Electric has always run on the fast track in India’s electric vehicle race—but after going public, the Bhavish Aggarwal-led…

10.11.2024 4

Inc42

Nikhil Subramaniam

Swiggy Wears The Concierge Hat

Would you pay INR 50,000 to Swiggy to be your personal butler? Well, not quite a butler — that would…

27.10.2024 4

Inc42

Nikhil Subramaniam