Daily Indian Funding Roundup & Key News - 30 October 2026: Zorit Raises ₹27 Crore, Delhivery Swings to ₹41 Crore Q2 Profit
Zorit raised INR 27 crore and two more startups closed rounds, as Delhivery and PB Fintech posted higher Q2 profits and SEBI cleared Atomberg's IPO.
Three funding rounds were announced on 30 October 2026, in B2B quick commerce, factory inspection tech and fashion accessories. Sparrow Capital, Campus Angels Network and ISV Capital led the rounds. Delhivery and PB Fintech also posted higher Q2 profits, while SEBI cleared Atomberg's IPO.
Daily Indian Startup Funding Roundup - 30 October 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Zorit | B2B Quick Commerce | ₹27 Cr | Undisclosed | Sparrow Capital |
| AugurAI | Industrial AI | ₹2 Cr | Undisclosed | Campus Angels Network |
| Qiroko | Fashion Accessories | ₹1.5 Cr | Pre-Seed | ISV Capital |
Zorit Raises INR 27 Crore Led by Sparrow Capital
Zorit, formerly known as Bijnis, raised about INR 27 crore in a round led by Sparrow Capital. Existing investors Info Edge and WaterBridge also took part, along with Better Capital, angel investors and employees. The company will use the money to strengthen its quick commerce network, add products and work more closely with retailers.
Founded in 2015, Zorit helps shopkeepers restock from nearby dark stores, with delivery in as little as 60 minutes. It switched to this model in late 2024 and now runs 12 dark stores across 12 cities. The company says its annualised sales have reached INR 120 crore.
AugurAI Raises INR 2 Crore From Campus Angels Network
AugurAI raised INR 2 crore from Campus Angels Network. The startup will use the money for product development, research and growing its sales.
Founded in 2022, Tiruchirappalli-based AugurAI builds camera and lens systems that use AI to spot defects in factory products. Its customers include JSW, ZF Rane and Brakes India. It won the fifth cohort of the Maruti Suzuki Incubation Program.
Qiroko Raises INR 1.5 Crore in Pre-Seed Round Led by ISV Capital
Qiroko raised INR 1.5 crore in a pre-seed round led by ISV Capital, with angel investors also taking part. The brand will use the money to launch new products, expand into watches and bags, and sell through more channels.
Founded in 2025 by Shivam Vasisht and Ashwin Krithik, Bengaluru-based Qiroko sells affordable everyday fashion accessories. It sells through its own website and on Amazon, Flipkart, Myntra and Blinkit. The brand says it reached an annual revenue run rate of INR 6 crore in its first year.
Muskaan Kapoor
Key Business News for 30 October 2026
Delhivery Swings to INR 41 Crore Profit in Q2 FY27
Delhivery reported a net profit of about INR 41 crore for Q2 FY27, against a loss of INR 50.5 crore a year earlier. Its revenue from operations rose 19.8% to INR 3,066 crore.
Profit also rose from INR 32 crore in the previous quarter. For the first half of FY27, Delhivery's revenue grew 23.6% to INR 5,997 crore.
PB Fintech's Q2 FY27 Profit Rises 43% to INR 193 Crore
Policybazaar parent PB Fintech reported a net profit of INR 193 crore for Q2 FY27, up 43% from INR 135 crore a year earlier. Its revenue from operations rose 35% to INR 2,178 crore.
Revenue from its insurance broking business grew 41% to INR 2,015 crore. Its advertising spend rose 59.5% to INR 447 crore. PB Fintech's shares have fallen about 38% since the end of the June quarter.
SEBI Clears Atomberg's IPO
SEBI has cleared consumer appliance maker Atomberg's IPO. It includes a fresh issue of up to INR 450 crore and an offer for sale of up to 7.65 crore shares. Existing investors such as A91 Partners and Temasek will sell shares.
Atomberg will spend INR 150 crore on marketing, INR 100 crore on research and INR 90 crore on repaying loans. Founded in 2012 by Manoj Meena, the company makes ceiling fans, mixer grinders and water purifiers.
Labour Ministry Sets Up National Board for Gig and Platform Workers
The Labour Ministry has notified the National Social Security Board for unorganised, gig and platform workers under the Code on Social Security, 2020. The board, chaired by the Union Labour Minister, will recommend welfare schemes and monitor how they are run.
The move could add costs for platforms such as Swiggy, Zomato, Ola and Uber. Under the Code, eligible platforms must contribute 1% to 2% of their annual turnover towards gig worker welfare, subject to a cap. Karnataka has already set up its own welfare board for gig workers.
