Daily Indian Funding Roundup & Key News – 9th January 2026: Myntra Waives Commissions, Groww Extends Lead, Skydo Gets RBI Nod & Reliance Jio Eyes IPO
India’s startup and corporate landscape witnessed a series of strategic developments on 8th January 2026, reflecting shifting market dynamics across e-commerce, fintech, broking, and telecom. From Myntra’s move to support emerging D2C brands through a zero-commission model to Groww strengthening its leadership in retail stock broking, the day highlighted changing competitive priorities. Fintech startup Skydo achieved a key regulatory milestone with final RBI approval for cross-border payments, while Reliance Jio’s potential 2026 IPO signalled one of the biggest capital market events on the horizon. Together, these updates underline India’s evolving digital economy and investor sentiment.
Myntra waives commissions for new D2C brands across categories to woo emerging labels
E-commerce giant Myntra has rolled out a zero-commission model for new direct-to-consumer (D2C) brands under its “Myntra Rising Stars” programme, aiming to attract emerging fashion, beauty, and lifestyle labels by lowering barriers to marketplace entry. The initiative allows eligible homegrown brands to sell on the platform without paying seller fees, providing access to Myntra’s large customer base and logistics network. The move is part of a broader trend among Indian e-commerce players to support smaller sellers and tap into new customer segments.
Groww expands stock broking lead in Dec 2025; Zerodha and Angel One lose clients
Indian investment platform Groww widened its lead in the retail stock broking space in December 2025, adding active demat accounts and increasing its market share, while major peers such as Zerodha and Angel One saw client numbers decline amid a broader industry slowdown. Despite the dip in total active users across brokers, Groww continued to grow marginally and maintained its top position, highlighting shifting dynamics in India’s retail trading landscape.
Skydo gets final RBI approval to run cross-border payments platform
Fintech startup Skydo has received the Reserve Bank of India’s final authorization to operate a cross-border payments platform, enabling it to function as a regulated payment aggregator for international transactions. With this approval, Skydo can offer seamless overseas payment services, particularly for Indian exporters and businesses engaging in global commerce. This milestone underscores the growing regulatory support for digital payment innovations in India’s fintech ecosystem.
Reliance Jio considers 2026 IPO, could raise over $4 billion
Telecom and digital arm Reliance Jio Platforms is exploring an initial public offering (IPO) in 2026 that may involve selling roughly 2.5 % of its equity, potentially raising more than $4 billion and setting a record for India’s capital markets. Jio, with over 500 million subscribers and robust digital services growth, is preparing documentation with major investment banks while awaiting regulatory approvals, including a proposal to lower the minimum public float requirement. If executed, this listing could become one of India’s largest ever and offer a significant exit route for early investors.
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