• Startup Pulse
    Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating.
  • Indus Towers Q2FY26: Revenue Climbs 9.7 Per Cent YoY to INR 8,188 Cr; PAT at INR 1,839 Cr

    Indus Towers Q2FY26

    Gurugram: Indus Towers Limited announced its audited consolidated financial results for the second quarter ended September 30, 2025.

    The Indus Towers Q2FY26 performance reflected consistent operational strength supported by ongoing tower additions and a strategic focus on cost efficiency.

    Indus Towers Q2FY26: Financial Performance Overview

    For the quarter, consolidated revenue stood at ₹8,188 crore, marking a 9.7% year-on-year increase. Consolidated EBITDA was ₹4,613 crore, representing a 6.0% decline year-on-year, with an EBITDA margin of 56.3%.

    Also Read: IIT Madras Joins Hands with Indus Towers for GFRP Research in Telecom Infrastructure

    The company’s consolidated Profit After Tax (PAT) came in at ₹1,839 crore, down 17.3% year-on-year.

    Indus Towers’ Return on Equity (pre-tax) improved to 38.9%, compared to 38.4% in the previous year, while post-tax ROE remained steady at 29.0%.

    Return on Capital Employed (ROCE) rose to 26.3%, up from 22.9% a year earlier. During Indus Towers Q2FY26, the company also reported a write-back of ₹195 crore in provisions for doubtful receivables, aided by recoveries of past dues.

    Indus Towers Q2FY26: Operational Performance

    As of September 30, 2025, Indus Towers maintained a total tower base of 2,56,074 with a closing sharing factor of 1.62. Continued tower additions contributed to a stable operational foundation across key regions.

    Also Read: Indus Towers Announces Foray into Africa, Starting with Nigeria, Uganda, and Zambia

    Prachur Sah, Managing Director and CEO of Indus Towers Limited, stated, “We are pleased to report another quarter of solid performance driven by healthy tower additions and the strengthening of our market presence. Our sharp focus on cost efficiency continues to contribute to steady improvements in profitability.

    The quarter also marked the announcement of our plan to foray into Africa – a strategic step toward supplementing long-term growth by extending Indus Towers’ proven execution capabilities to new high-potential markets.

    Leveraging automation and AI will be critical in maintaining our leadership position by enhancing efficiency, scalability, and service quality, enabling sustainable growth and long-term value creation for our shareholders.”

    Indus Towers reaffirmed that its growth fundamentals remain robust, supported by a scalable business model, technology-led efficiency, and expansion into emerging global markets.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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