Startup news and updates: Daily roundup (November 3, 2025)

From logistics unicorn Shiprocket's IPO bid receiving approval from the market regulator to Urban Company's shares plunging following a disappointing Q2 performance, YourStory brings you all the developments from India's startup ecosystem.

Featured stories 

TechSparks 2025 will see leaders from Pixxel, Tally, CoRover, and more

How do we build intelligence that scales with India? Later this week, at YourStory’s flagship event, TechSparks 2025, key stakeholders from the artificial intelligence (AI) community, will answer that question. 

As TechSparks returns to Bengaluru's Taj Yeshwantpur for its 16th edition, from November 6 to 8, YourStory will bring together the sharpest minds shaping the future of innovation, entrepreneurship and technology. 

Latest news 

Logistics unicorn Shiprocket gets SEBI nod for Rs 2,500 Cr IPO

Ecommerce enablement platform Shiprocket has received the Securities and Exchange Board of India's approval for its Rs 2,500-crore initial public offering, sources confirmed to YourStory.

The company plans to file its updated draft red herring prospectus in the coming weeks.

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Pine Labs IPO: Early investors to score high returns

Early investors in Pine Labs Ltd. are set for strong gains as the fintech unicorn gears up for its much-anticipated initial public offering (IPO), which opens for subscription on November 7 and closes on November 11.

The Gurugram-based firm, which provides merchant payment and digital commerce solutions, has fixed a price band of Rs 210–221 per share. The IPO comprises a fresh issue of Rs 2,080 crore and an offer for sale (OFS) of up to 82.34 million shares by existing shareholders. Pine Labs is seeking a post-issue valuation in the range of Rs 24,217 crore ($2.7 billion) to Rs 25,377 crore ($2.8 billion).

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Urban Company shares plunge 6% on NSE

Shares of Abhiraj Singh Bhal-led Urban Company plunged as much as 6% in the morning trade on Monday, later paring losses to trade around 4% lower at Rs 151 on the National Stock Exchange.

The development follows the newly listed company announcing its Q2 quarterly earnings—the first since its Rs 1,900-crore initial public offering (IPO) in September.

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Other news 

Remidio unveils Neubo 130

Medtech startup Remidio Innovative Solutions has launched Neubo 130, an advanced AI-enabled neonatal retinal imaging system aimed at improving early detection and diagnosis of Retinopathy of Prematurity (ROP) and other retinal conditions in newborns.

Designed for use in hospitals and neonatal intensive care units (NICUs), Neubo 130 integrates optical engineering with edge AI, allowing clinicians to capture ultra-widefield retinal images and detect signs of ROP in real time—even without internet connectivity.

India’s battery manufacturing capacity to hit 100 GWh by next year

India’s battery manufacturing capacity, currently at nearly 60 GWh, is expected to reach 100 GWh by next year, according to Nikhil Arora, Director of Encore Systems.

Speaking at the 18th Renewable Energy India Expo, Arora highlighted the rapid advancements in automation and localisation within the country’s energy storage ecosystem. “With automation efficiencies crossing 95% and advanced six-axis robotics handling 625Ah, 12kg cells, we are driving large-scale localisation in the energy storage value chain,” he said.

Delhivery ships Rs 19,000 Cr goods during festive season phase 2

Logistics major Delhivery reported shipping goods worth over Rs 19,187 crore during phase 2 of the 2025 festive season, reflecting the surge in ecommerce activity across India.

In October 2025, the company processed more than 107.4 million ecommerce and freight shipments through its extensive transportation network. At its peak, Delhivery handled 7.2 million shipments in a single day, with 18,121 clients achieving their own single-day volume records.

The logistics network spanned 4,085 kilometres, from Thiruvananthapuram (Kerala) to Tezu (Arunachal Pradesh), underscoring Delhivery’s pan-India reach. The company delivered 29.57 million packages within 48 hours and 13.59 million within 24 hours.

3M India opens electronics customer experience centre in Bengaluru

3M India has inaugurated a new electronics customer experience centre at its R&D facility in Electronics City, Bengaluru, aimed at bringing the company’s materials science and electronics technologies closer to customers and partners.

The centre will act as an interactive space for customers to explore, test, and co-develop customised solutions across sectors such as consumer electronics, semiconductors, and industrial automation. It is designed to enhance collaboration and innovation by enabling real-time experimentation with 3M’s advanced materials and technologies.

The facility also showcases 3M’s extensive electronics portfolio—including conductive and thermal management materials, semiconductor materials, abrasives, and bonding solutions—highlighting how the company’s materials science expertise supports performance, reliability, and efficiency in manufacturing.

DealShare relaunches in key markets

Ecommerce platform DealShare has announced its strategic relaunch across Jaipur, Lucknow, Kolkata, and parts of the National Capital Region (Ghaziabad and Gurugram), marking a major shift in its business model.

The company said it is moving away from its earlier next-day delivery approach to focus on becoming a consumer-first, savings-led platform tailored to India’s value-conscious households.

According to DealShare, the relaunch is driven by a recognition of a widening gap in India’s e-commerce landscape, where the rise of quick commerce and premium grocery players has prioritised speed and convenience—often at the expense of affordability and transparency.

BharatPe appoints Shilpi Kapoor as head of marketing

Fintech company BharatPe has appointed Shilpi Kapoor as its new Head of Marketing. In her new role, Kapoor will lead brand strategy, integrated marketing, and digital growth initiatives across BharatPe’s portfolio, working closely with the leadership team to drive brand momentum and market expansion.

Kapoor joins BharatPe from Airtel Payments Bank, where she served as Chief Marketing Officer. During her tenure, she helped position the bank as one of India’s leading digital banking platforms, launching the “Safe Second Account” category and scaling monthly transacting users to over 100 million.

With over two decades of experience, Kapoor has held senior leadership roles at American Express, Renault, Godfrey Phillips, Bharti Airtel, and Coca-Cola. Her expertise spans brand launches, data-led marketing, consumer insights, and engagement-driven brand ecosystems.

GoKwik sees 47% jump in D2C orders during Diwali season

Ecommerce enabler GoKwik reported a 46.81% year-on-year increase in direct-to-consumer (D2C) orders during the Diwali shopping period from October 7–20, 2025, as festive spending and online retail activity gathered pace. The company also recorded a 46.44% rise in gross merchandise value (GMV) compared to the previous year.

Interestingly, GoKwik noted that the peak shopping day occurred eight days before Diwali, unlike in 2024 when the surge was seen on Diwali day itself—a shift the company attributes to improved logistics networks and growing consumer confidence in timely deliveries.

Among product categories, air purifiers saw a sharp rise in demand, driven by worsening pollution levels across urban India. The spike highlights an evolving consumer mindset, with health and well-being emerging as key priorities alongside festive spending.

Beckn Labs, Google Cloud launch Beckn Onix

Ahead of the Global DPI Summit 2025, Beckn Labs and Google Cloud launched Beckn Onix, an open-source application designed to speed up the development and adoption of Digital Public Infrastructure (DPI) built on the Beckn Protocol. The initiative aims to foster inclusive growth across key population-scale sectors such as agriculture, healthcare, skilling, energy, tourism, and mobility.

Beckn Onix addresses one of the biggest challenges facing governments and organisations as they adopt open digital networks—the technical complexity of connecting diverse IT systems to emerging protocols. By eliminating the need for custom-built integrations, which are often costly and hard to maintain, Beckn Onix enables faster, more scalable onboarding to open networks, paving the way for broader digital inclusion and interoperability.

(This article will be updated with the latest news throughout the day.)