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    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.
  • SKF India Q2 FY27 Results: ₹595.8 Crore Revenue, ₹69.8 Crore PBT Reported

    SKF India Q2 FY27

    SKF India Limited reported a 20.1% year-on-year (YoY) increase in revenue from operations to ₹5,958 million (₹595.8 crore) for the second quarter ended September 30, 2026 (SKF India Q2 FY27).

    The company also recorded a 77.2% YoY rise in profit before tax (PBT) to ₹698 million (₹69.8 crore), supported by demand across key automotive segments, including two-wheelers, three-wheelers, passenger vehicles and exports.

    The financial results for SKF India Q2 FY27 were announced on November 3, 2026.

    The announcement coincided with the launch of the company’s new brand identity, SKF Vertevo, marking an important milestone in its evolution as a focused, stand-alone automotive business.

    For the quarter, SKF India reported EBITDA of ₹865 million (₹86.5 crore), registering a 34.5% increase compared with the corresponding quarter of the previous financial year.

    The company’s performance was driven by broad-based demand across key automotive segments. Sustained momentum in the Indian automotive sector also contributed to growth, with customers increasingly seeking higher efficiency, reliability and performance.

    SKF India Q2 FY27 Financial Performance

    According to the standalone financial results, SKF India reported revenue from operations of ₹5,958 million in Q2 FY27, compared with ₹4,959 million in Q2 FY26, representing a 20.1% YoY increase.

    EBITDA stood at ₹865 million, compared with ₹643 million in the corresponding quarter last year, registering growth of 34.5%. The EBITDA margin improved to 14.5% from 13% in Q2 FY26, an expansion of 155 basis points.

    Profit before tax increased 77.2% YoY to ₹698 million in Q2 FY27, compared with ₹394 million in the year-ago quarter. The PBT margin improved to 11.7% from 7.9%, representing an expansion of 377 basis points.

    For the first half of FY27, SKF India recorded revenue from operations of ₹9,584 million, registering 23.5% growth compared with the corresponding period last year.

    EBITDA for H1 FY27 stood at ₹1,431 million, up 30.7% year-on-year. The EBITDA margin increased by 86 basis points to 14.9%.

    Profit before tax for the first half reached ₹1,026 million, registering growth of 49.8% compared with the corresponding period of the previous financial year. The PBT margin improved by 228 basis points to 10.7%.

    SKF India Q2 FY27: Financial Highlights

    Standalone results | Figures in ₹ million

    ParticularsQ2 FY27Q2 FY26YoY Growth
    Revenue from Operations5,9584,959+20.1%
    EBITDA865643+34.5%
    EBITDA Margin14.5%13.0%+155 bps
    Profit Before Tax698394+77.2%
    PBT Margin11.7%7.9%+377 bps

    Half-yearly performance (H1 FY27):

    ParticularsH1 FY27YoY Growth
    Revenue from Operations9,584+23.5%
    EBITDA1,431+30.7%
    EBITDA Margin14.9%+86 bps
    Profit Before Tax1,026+49.8%
    PBT Margin10.7%+228 bps
    SKF India Launches New Brand Identity, SKF Vertevo

    Alongside its Q2 FY27 financial results, SKF India officially launched its new brand identity, SKF Vertevo, on November 3, 2026. The brand has been introduced across the organisation and to customers and stakeholders worldwide.

    Inspired by the world of racing, where the company has contributed to automotive innovation for decades, SKF Vertevo’s identity is designed to maintain a connection with SKF’s long heritage and expertise while signalling its ambition to help accelerate the future of mobility.

    The launch marks an important development in SKF India’s evolution as a focused, stand-alone automotive business.

    Shailesh Kumar Sharma, Managing Director of SKF India Limited, said: “We delivered strong revenue growth of 20.1% year-on-year in Q2, reflecting healthy demand across key automotive segments and the strength of our customer-focused strategy.

    The launch of SKF Vertevo marks an important new chapter for our business, building on our strong engineering heritage while sharpening our focus on the future of mobility.

    As a focused automotive business, we will continue to strengthen customer partnerships, accelerate innovation and drive sustainable growth.”

    Mayank Holani, Chief Financial Officer, said: “We continue to maintain a disciplined approach to financial performance. Our priorities remain clear: improving operational efficiency, managing costs effectively and maintaining a strong financial foundation to support profitable growth.”

    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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