Daily Indian Funding Roundup and Key News - 10 April 2026: Bidso Bags₹63 Crore, Swiggy's Nandan Reddy Steps Down & More
India’s startup and business ecosystem continued to see steady movement on April 10, 2026, with fresh funding activity, leadership changes, regulatory developments, and corporate updates shaping the day.
Daily Indian Funding Roundup for April 10, 2026
| Startup | Sector | Funding Amount | Round | Investors |
|---|---|---|---|---|
| Bidso | Manufacturing / Consumer Products (Toys) | ₹63 Cr (~$6.7M) | Series A | Blume Ventures (lead), Peer Capital, Sadev Capital, Alteria Capital |
Bidso Raises ₹63 Crore in Series A
Bengaluru-based toy manufacturing startup Bidso has raised ₹63 crore in a Series A funding round led by Blume Ventures. The round includes ₹51 crore in equity and ₹12 crore in venture debt from Alteria Capital, with participation from existing investors Peer Capital and Sadev Capital.
The company plans to use the funds to strengthen product design and manufacturing capabilities, expand production capacity, and grow its product portfolio.
Founded in 2022, Bidso operates as a design-led manufacturing platform that helps consumer brands build and scale products, particularly in the toy segment, while working closely with global licensing partners.
Key Business News for 10 April 2026
Swiggy Board Reshuffle as Nandan Reddy Steps Down
Food delivery platform Swiggy has announced key leadership changes. Co-founder Nandan Reddy is stepping down from his executive role and exiting the board, marking a significant shift in the company’s leadership structure.
The company has elevated senior leaders Phani Kishan and Rahul Bothra to the board, signalling a transition towards operational leadership as Swiggy continues to scale its business.
RBI Proposes 1-Hour Delay for High-Value UPI, IMPS Transfers
The Reserve Bank of India (RBI) has proposed introducing a one-hour delay for digital transactions above ₹10,000 to curb rising fraud in the payments ecosystem.
The proposed cooling-off period will apply mainly to peer-to-peer transactions, allowing users time to review or cancel suspicious transfers.
Additional measures include:
- A “kill switch” to block digital payments instantly
- Extra safeguards for senior citizens
- Possible transaction limits on suspicious accounts
The RBI has invited public feedback on the proposal before finalising guidelines.
Vibhor Jain Appointed MD & CEO of ONDC
Government-backed e-commerce initiative ONDC (Open Network for Digital Commerce) has appointed Vibhor Jain as its Managing Director and CEO, effective April 7, 2026.
Jain, who was previously acting CEO and COO, is expected to lead the next phase of growth, focusing on expanding the open digital commerce ecosystem for small businesses, sellers, and service providers.
TCS Announces Salary Hikes Across All Grades
IT major Tata Consultancy Services (TCS) has announced annual salary increments for all eligible employees across grades, effective April 1, 2026.
The company stated that top performers will receive double-digit increases, while the overall increment range has not been disclosed.
The move comes amid improving business momentum and continued demand for AI-led and transformation-driven projects.
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