Daily Indian Startup Funding Roundup & Key News - 9 March 2026: KaarTech Raises $11M, Flipkart Reverse Flips To India, & More
India’s startup ecosystem saw activity across enterprise tech and fintech on 9 March 2026, with funding flowing into digital transformation and lending platforms. Meanwhile, major business developments included Flipkart completing its reverse flip to India ahead of its IPO, Uber entering the intercity bus ticketing market, and leadership changes at Cars24. Here’s a detailed roundup of the day’s biggest funding deals and business updates.
Daily Indian Startup Funding Digest - 9 March 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| KaarTech | Enterprise Tech / Digital Transformation | $11 Million (~₹100 Cr) | Growth Round | Playbook Partners |
| True Balance | Fintech / Digital Lending | $10 Million | Debt | Undisclosed lenders |
| StrideOne | Fintech / NBFC Lending | ₹100 Crore (~$11M) | Mixed (Equity + Debt) | Investors undisclosed |
KaarTech Raises $11 Million Led by Playbook Partners
Chennai-based enterprise technology firm KaarTech raised $11 million (around ₹100 crore) in a funding round led by Playbook Partners, with participation from existing investor A91 Partners.
The company provides SAP-led digital transformation services, helping enterprises migrate legacy systems to cloud infrastructure and build AI-ready technology stacks. The fresh capital will be used to expand operations in North America and Europe, strengthen hiring in global markets, and explore acquisitions to enhance its product stack.
Founded in 2006, KaarTech reported 56.8% revenue growth in FY25 to ₹718 crore and has turned profitable, positioning itself for continued global expansion.
True Balance Raises $10 Million in Debt
Fintech platform True Balance secured $10 million in debt funding to support the expansion of its lending operations through its NBFC arm.
The company offers digital lending, payments, and financial services primarily targeted at underbanked consumers in India. The debt capital will help scale its credit offerings and strengthen its financial services infrastructure as the company continues to expand its presence in India’s fintech ecosystem.
StrideOne Raises ₹100 Crore, Onboards Rajesh Sud as Cofounder
NBFC lending platform StrideOne raised ₹100 crore (around $11 million) through a mix of equity and debt capital.
Alongside the funding, the company appointed former Max Life Insurance executive Rajesh Sud as cofounder. The Gurugram-based startup focuses on providing supply-chain financing and embedded credit solutions to startups and high-growth digital businesses.
The newly raised capital will be used to expand lending operations and strengthen partnerships with digital platforms across sectors such as EVs, logistics, and consumer brands.
Key Business News for 9 March 2026
Flipkart Completes Reverse Flip To India Ahead of IPO
Ecommerce giant Flipkart has completed its long-anticipated reverse flip to India, shifting its holding structure from Singapore back to India as it prepares for a future public listing.
The move aligns the company’s corporate structure with Indian regulations and signals progress toward its much-anticipated IPO.
Uber Partners With AbhiBus for Intercity Bus Ticketing
Ride-hailing giant Uber has partnered with AbhiBus to launch intercity bus ticket booking within the Uber app.
Through the collaboration, Uber users will be able to browse routes, compare operators, and book bus tickets directly in the app, marking the company’s expansion beyond ride-hailing into long-distance travel services in India.
Cars24 Used Car CEO Himanshu Ratnoo Resigns
Himanshu Ratnoo, CEO of Cars24 India’s used car marketplace, has resigned just weeks after leading a major branding campaign for the company.
Ratnoo will step down from the leadership role as the company continues its efforts to strengthen operations and brand positioning in India’s competitive used-car marketplace.
StartupTalky News