Daily Indian Funding Roundup & Key News - 6 November 2026: MakeMyTrip Buys Majority Stake in Quick Ride, Honasa's Q2 Profit Jumps 87%
No new startup rounds were confirmed on Dhanteras, as MakeMyTrip bought a majority stake in Quick Ride, Honasa's Q2 profit rose 87% and MobiKwik won an NBFC licence.
No new startup funding rounds were confirmed on 6 November 2026, as deal activity slowed on Dhanteras. MakeMyTrip bought a majority stake in ride pooling startup Quick Ride, while Mamaearth parent Honasa posted an 87% jump in Q2 profit. MobiKwik also received an NBFC licence from the RBI.
Daily Indian Startup Funding Roundup - 6 November 2026
We did not find any new Indian startup funding rounds confirmed by the company or its investors today. Rounds reported only through regulatory filings, or still at the talks stage, have been left out. Our previous roundup covered altM, Cosmoserve Space and Venomics AI.
On the investor side, Daksham Growth Ventures marked the first close of its maiden consumer fund at INR 125 crore. The fund plans to back pre-Series A and Series A consumer brands, with cheques of INR 5 crore to INR 20 crore.
Muskaan Kapoor
Key Business News for 6 November 2026
MakeMyTrip Acquires Majority Stake in Quick Ride
MakeMyTrip has acquired a majority stake in Bengaluru-based ride pooling startup Quick Ride. The stake size and deal value were not disclosed.
Founded in 2015 by KNM Rao, Quick Ride lets people on similar routes share car and bike rides. It will sit within MakeMyTrip's ground transport business, alongside redBus and Savaari. Quick Ride's founders will continue to run the business.
Mamaearth Parent Honasa's Q2 FY27 Profit Jumps 87% to INR 73 Crore
Honasa Consumer reported a net profit of INR 73.25 crore for Q2 FY27, up 86.7% from INR 39.23 crore a year earlier. Its revenue from operations rose 36% to INR 731 crore.
Honasa owns brands such as Mamaearth. Its total expenses rose 29.1% to INR 652 crore.
MobiKwik Gets RBI Licence for Its NBFC Arm
MobiKwik's subsidiary, MobiKwik Financial Services, has received an NBFC licence from the RBI. The unit plans to start lending within three to six months.
The NBFC will lend alongside banks and other lenders, letting MobiKwik give loans directly. It aims to disburse INR 5,000 crore in loans over the next three to four years.
Angel One Overtakes Zerodha to Become Second-Largest Broker
Angel One became India's second-largest broker by active clients in October, with 69.98 lakh users. Zerodha slipped to third place with 67.59 lakh active clients, according to NSE data.
Groww stayed on top with 1.37 crore active clients after adding over 3 lakh users in October. Angel One added 2.43 lakh clients during the month.
Go Digit's Q2 FY27 Profit Falls 31% to INR 142 Crore
Go Digit General Insurance reported a net profit of INR 142.4 crore for Q2 FY27, down 31.1% from INR 206.8 crore a year earlier. Its insurance revenue rose 1.7% to INR 2,720.5 crore.
Profit also fell 62.4% from INR 378.61 crore in the previous quarter. Its gross written premium fell 3.6% to INR 2,571 crore.
Aina Unveils AI-Powered Smart Ring
Bengaluru-based Aina has unveiled a smart ring with a screen that can control AI agents, apps and Macs. Pre-orders opened on 5 November, with early prices starting at $399.
Founded by Apoorv Shankar in May 2025, Aina builds new ways for people to interact with computers. The ring learns user habits and suggests the next three actions. Shipping is expected to start in January 2027.
