Startup Funding

Bluecopa raises $7.5 million to kill month-end closures: How the money will reshape finance teams

As CFOs grapple with real-time reporting demands and shrinking tolerance for errors, Hyderabad-based Bluecopa is betting that the traditional month-end close is obsolete. Backed by fresh Series A funding, the AI-native fintech is scaling its autonomous finance platform to help enterprises move from retrospective number-crunching to continuous, always-on financial operations.

Industry Trends

Budget 2026: Textile industry body seeks permanent removal of cotton import duty; flags cost pressure, export risks

The Confederation of Indian Textile Industry (CITI) is urging the government to permanently remove the 11% import duty on cotton in the Union Budget 2026. This levy is increasing costs and harming the global competitiveness of domestic manufacturers, especially as domestic production declines and competing nations offer duty-free imports.

Startup Funding

MapmyIndia to acquire 6% stake in indoor navigation startup Iwayplus for Rs 2 crore

Listed geospatial technology major MapmyIndia is acquiring a minority stake of about 6.06% in indoor navigation startup Iwayplus for Rs 2 crore, as part of its strategy to back emerging technologies and deepen its location intelligence capabilities. In a regulatory filing on January 12, 2026, MapmyIndia said its board approved the investment through the purchase of 3,500 compulsorily convertible preference shares (CCPS) in Iwayplus, representing 6.06% shareholding on a fully diluted basis. The investment will be made in cash and may be completed in one or more tranches within three months. The company said no government or regulatory approvals are required for the transaction. The acquisition does not fall under related party transactions, and the promoter group has no interest in the target entity, according to the filing. Founded in December 2022 by Vikas Upadhyay and Pulkit Sapra, Iwayplus is an indoor navigation and wayfinding startup that develops and deploys technology solutio...