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Debarghya Sil

Debarghya Sil

Inc42

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The Making Of A Lending Tech Unicorn

Last week, India got its 128th unicorn, as KreditBee entered the coveted club. The fintech startup raised $280 Mn in…

12.04.2026 10

Inc42

Debarghya Sil

Inside Dream Sports’ Fantasy To Fintech Leap

Nearly eight months after the Government of India’s sweeping crackdown on real money gaming (RMG) dismantled a multi-billion-dollar industry, the…

01.04.2026 10

Inc42

Debarghya Sil

Platform Fee Dependency: How Long Can Swiggy, Zomato Flex Their Pricing Power?

Earlier this week, Bengaluru-based food delivery giant Swiggy increased its platform fees by approximately 17% to ₹17.58 (after taxes). The…

25.03.2026 30

Inc42

Debarghya Sil

Decoding Lenskart’s 70X Profit Surge: Just A Matter Of Volume?

Ever since its inception two decades ago, Lenskart has remained a capex-heavy business — building manufacturing capacity, developing proprietary...

13.02.2026 10

Inc42

Debarghya Sil

Decoding Lenskart’s 70X Profit Surge In Q3 FY26

Ever since its inception two decades ago, Lenskart has remained a capex-heavy business — building manufacturing capacity, developing proprietary...

12.02.2026 9

Inc42

Debarghya Sil

Gig Economy’s Uneasy Unit Economics And The High Cost Of Home Delivery

India’s consumer services giants are enduring a winter of discontent. From ride-hailing drivers to quick commerce riders, gig workers are…

08.02.2026 20

Inc42

Debarghya Sil

Meesho’s Post-IPO Reality Check

“We will not sacrifice platform health for quarterly optics. We will not pretend that accounting profits are the same as…

01.02.2026 10

Inc42

Debarghya Sil

Eternal’s Post Deepinder Goyal Era

In what could be the hottest top-level rejig in the Indian startup ecosystem, Eternal founder Deepinder Goyal stepped down as…

25.01.2026 10

Inc42

Debarghya Sil

Unacademy Hits Reset, Again

Just over nine months ago, in April 2025, Unacademy CEO Gaurav Munjal proclaimed that nearly 70% of the company’s offline…

18.01.2026 50

Inc42

Debarghya Sil

India Enters The Healthtech 2.0 Era

Two months ago, we identified an inflexion point in India’s health ecosystem – the early emergence of healthtech 2.0. As…

11.01.2026 20

Inc42

Debarghya Sil

Honasa’s 2025: Becoming More Than Mamaearth

In 2025, Honasa deliberately razed what it had built over the years. The beauty and personal care (BPC) giant spent…

23.12.2025 10

Inc42

Debarghya Sil

Dream11’s Gap Year: Hitting Reset After The RMG Crisis

Editor’s Note: As we bid adieu to 2025, for the next few weeks, The Outline by Inc42 will look back…

21.12.2025 20

Inc42

Debarghya Sil

Flipkart’s 2025: Crossing The Quick Commerce Rubicon

Even if one splits Flipkart’s two-decade-long journey into two halves, it’s the second decade that stands out as truly transformative.…

16.12.2025 20

Inc42

Debarghya Sil

Eternal’s Triple-Engine Year: Grappling With The Post-Zomato Era

Editor’s Note:  As we bid adieu to 2025, for the next few weeks, The Outline by Inc42 will look back…

14.12.2025 10

Inc42

Debarghya Sil

Zepto In 2025: Lost Rhythm, Bleeding Coffers And A Fresh Shot At IPO

Zepto has its own rhythm. Every fund-raising kicks off a cycle, starting with a period of hyper-expansion, followed by a…

10.12.2025 20

Inc42

Debarghya Sil

Ola Electric In 2025: How A Market Leader Ran Out Of Spark

If there is one indicator to sum up Ola Electric’s year so far, it would be its share price, which…

05.12.2025 20

Inc42

Debarghya Sil

Ola Electric’s Plan B

When a hero product begins to wobble, the founder’s first instinct is almost always the same: pull the pivot lever.…

30.11.2025 20

Inc42

Debarghya Sil

Deepinder Goyal’s Temple And India’s Longevity Rush

Longevity is the new frontier, and Indian founders are obsessing over it.  Take Eternal founder Deepinder Goyal, for instance, whose…

23.11.2025 20

Inc42

Debarghya Sil

Tracing Capillary Tech’s Blueprint To D-Street

Bengaluru-based SaaS startup Capillary Technologies is all decked up to make its stock market debut by the end of this…

19.11.2025 20

Inc42

Debarghya Sil

Has CarTrade Found Its Missing Piece?

Last week, the Indian automotive sector woke up to what might be one of the most significant M&As in the…

16.11.2025 10

Inc42

Debarghya Sil

Ather Outruns Ola Electric; Can It Keep Its Throttle Steady?

Two months ago, after assessing Ather Energy’s Q1 FY26 results, we predicted that the EV maker would soon catch up…

12.11.2025 10

Inc42

Debarghya Sil

Is PhysicsWallah Ready To Step Up?

It’s been a blockbuster week for startup IPOs. Lenskart and Groww wrapped up their public listings, together pulling in nearly…

09.11.2025 30

Inc42

Debarghya Sil

Why Quick Commerce Is Central To Shadowfax’s Post-IPO Vision

Flipkart-backed Shadowfax is positioning itself to become the country’s second new-age logistics tech company, after Delhivery, to go public. The…

04.11.2025 50

Inc42

Debarghya Sil

Has boAt Found Its Rhythm Again?

When boAt first floated its IPO plans in September 2021, it was aiming to raise close to INR 3,500 Cr.…

02.11.2025 10

Inc42

Debarghya Sil

Early Mover Zing Abandons Quick Food Delivery, Looks To Pivot To Grocery

Quick launch, quick shutdown. It’s been something of a theme in 2025 so far. Whether it is flash-in-the-pan AI startups…

30.10.2025 30

Inc42

Debarghya Sil

From Burn To Break-Even: Meesho Shows Signs Of Turnaround

Just a few years ago, the idea of Meesho, an ecommerce marketplace targeting India’s Tier 2 and Tier 3 cities,…

27.10.2025 10

Inc42

Debarghya Sil

Zepto’s Expansion Dilemma

Something seems amiss at Zepto. In a matter of days, the quick commerce giant went from raising a massive $450…

26.10.2025 8

Inc42

Debarghya Sil

Mapping Tata 1mg’s Journey From Classifieds To A Full-Stack Healthcare Ecosystem

Tata 1mg is shifting gears to become a full-stack healthcare service provider to offer everything from diagnostic services to e-consultations…

11.10.2025 10

Inc42

Debarghya Sil

Rentomojo Took Almost A Decade To Find Its Mojo; What’s Next?

The great Indian new-age tech IPO queue is growing as we speak, and the newest entrant to add gravity to…

08.10.2025 10

Inc42

Debarghya Sil

Ankit Maheshwari: Serial Founder At The Centre Of Alleged Fraud, Data Theft

The Delhi International Airport is said to have stood witness to the dramatic detention of a serial startup founder last…

04.10.2025 30

Inc42

Debarghya Sil

Can PhysicsWallah Fix Its Teacher Problem?

Even as Alakh Pandey-led PhysicsWallah readies itself to become the first edtech startup to go public, there’s one potential challenge…

29.09.2025 90

Inc42

Debarghya Sil

Inside Pepperfry’s Descent: What Drove Furniture Marketplace To A Distress Sale

A major development shook India’s new-age furniture marketplace last week. Once hailed as the poster child of online furniture retail,…

27.09.2025 20

Inc42

Debarghya Sil

Did Swiggy Hive Off Instamart To Help In Inventory Pivot, Fund Raise?

Swiggy’s double move to hive off its quick commerce vertical Instamart into a step-down subsidiary and exit mobility startup Rapido…

25.09.2025 20

Inc42

Debarghya Sil

Can PhysicsWallah Break The Indian Edtech Jinx With A Blockbuster IPO?

PhysicsWallah (PW) has refiled its draft IPO papers with the market regulator SEBI, setting the stage for a massive INR…

11.09.2025 20

Inc42

Debarghya Sil

GST Reforms: Booster Shot For D2C Startups, New-Age Brands?

India’s biggest overhaul of the Goods and Services Tax (GST) since the 2017 rollout has reset the playing field for…

06.09.2025 10

Inc42

Debarghya Sil

Can FanCode Fill Dream11’s RMG Revenue Vacuum?

Last week, India’s $12 Bn real money gaming (RMG) industry was dismantled overnight after a ban on many formats of…

29.08.2025 20

Inc42

Debarghya Sil

Can India’s Real Money Gaming Startups Fight Off Potential Ban?

The online real money gaming industry in India is once again at a flash point. And this time its very…

21.08.2025 20

Inc42

Debarghya Sil

Zepto’s IPO Crawl

Last week, Zepto grabbed headlines again, but this time for reasons that could shape its future. First, it raised INR…

17.08.2025 30

Inc42

Debarghya Sil

Four Levers That Lifted Nykaa’s Beauty Biz In Q1

“Nykaa’s strong growth momentum continues with this quarter with GMV coming 26% YoY growth and GMV at INR 4,182 Cr.”…

13.08.2025 20

Inc42

Debarghya Sil

PhysicsWallah’s IPO Test: Can PW Rewrite The Edtech Story?

India’s edtech sector is reeling from a brutal reality check, but Alakh Pandey-led PhysicsWallah is looking to change the tune…

09.08.2025 30

Inc42

Debarghya Sil

Ather Energy Is Closing In On Ola Electric’s Tail

About a month ago, Ather Energy’s cofounder Tarun Mehta remarked that sales volume alone wouldn’t drive profitability, but product innovation…

07.08.2025 40

Inc42

Debarghya Sil

Has Swiggy Instamart Come Out Of The Food Delivery Shadow?

Food delivery giant Swiggy’s ambition to become the one-stop platform for urban convenience is undeniable, but when it comes to…

04.08.2025 30

Inc42

Debarghya Sil

Blinkit Vs Instamart: The Gap Keeps Growing

Swiggy underwent a UI-UX change last month, giving its app a new look. While the fresh design gave Swiggy a…

01.08.2025 10

Inc42

Debarghya Sil

From Burn To Break-Even: Vedantu Plugged Leaks But Will The Revival Last?

The frost is beginning to thaw, and Vedantu has hit the ground running, yet again. “We aren’t here for a…

29.07.2025 10

Inc42

Debarghya Sil

How Refocussing On Payments Biz Helped Paytm Turn Profitable

A year ago, delivering quarterly profit seemed like a distant dream for Paytm. Hit by the RBI’s crackdown on the…

22.07.2025 20

Inc42

Debarghya Sil

Eternal Is Now More Blinkit Than Zomato

Earlier this year, when Zomato changed its name to Eternal, a lot of eyebrows were raised. It signified a shift…

21.07.2025 10

Inc42

Debarghya Sil

Lenskart Adds Smart Glasses To Its Cart: Next Growth Arc Or Risky Bet?

“We have the super power to do things which we could not have imagined earlier,” Lenskart founder Peyush Bansal said…

18.07.2025 40

Inc42

Debarghya Sil

From Mattress To Everything: Analysing Wakefit’s INR 1,000 Cr Furniture Biz

India’s mattress industry, which is usually not in the spotlight, finds itself in a strange new place in 2025. Almost…

04.07.2025 30

Inc42

Debarghya Sil

Urban Company’s Product-Led Makeover: Can It Outgrow Its Services DNA?

Urban Company’s transformation from the services-first to a product-services mix is more or less complete. Just as the Gurugram-based company…

03.07.2025 20

Inc42

Debarghya Sil

Reliance-Backed Altigreen’s EV Three-Wheeler Dreams Hit A Wall

Yet another EV startup is close to pulling its shutters down. Bengaluru-based three-wheeler EV manufacturer Altigreen has halted its manufacturing…

24.06.2025 20

Inc42

Debarghya Sil