YourStory brings you today’s headlines with the latest developments across sectors. Edtech firm upGrad has named Mukesh Mundra as its new chief financial officer (CFO), replacing Venkatesh Tarakkad, who held the position for almost two years after taking charge in March 2024. A chartered accountant and certified financial analyst, Mundra brings over 26 years of experience across finance leadership roles in the media, telecom, manufacturing, and consumer sectors. Mundra joins upGrad from JioStar, where he led the finance division. Before that, he spent more than eight years as CFO at Viacom18 Media. During the earlier stages of his career, he worked at companies including Idea Cellular, Grasim Industries, and the Anand Rathi Group. Fintech startup Cashfree Payments has registered a revenue of close to Rs 1,000 for FY26 and achieved earnings before interest, taxes, depreciation and amortisation (EBITDA) profitability for the month of March this year. A statement from the company said it is on track to achieve a full-year EBITDA profitability in the current financial year. The gross transaction value grew by 78% year-on-year in the fourth quarter of FY26. “We clocked in significant GTV growth that generated strong revenue performance, and with efficient cost management, we achieved EBITDA profitability in March 2026," Cashfree Payments Co-founder & CEO Akash Sinha said. Fairdeal.Market, a B2B quick-commerce platform, has raised $15 million in a Series A funding round led by Bertelsmann India Investments (BII), with participation from WaterBridge Ventures and the Incubate Asia Fund. Fairdeal.Market plans to use the funds to scale its dark-store network, strengthen its technology and data infrastructure, deepen retailer engagement, and expand last-mile delivery capabilities. The startup currently operates across the Delhi-NCR region. Founded in 2022 by brothers Prateek Bansal and Yash Bansal, Fairdeal.Market delivers over 1,000 SKUs to retailers in 60 minutes by combining real-time inventory visibility, transparent pricing, and fast fulfilment. Flexprice has announced a $1.5 million seed funding round led by Shastra VC, co-led by Anupam Mittal, founder of People Group and one of India's most prominent entrepreneurs, and TDV Partners, which doubled down on its initial investment in the company. The company grew revenue 6X last quarter, while its event processing volume scaled to more than 20 billion events per month over the past year, up 20x. The new funding will support two priorities: accelerating global expansion across the US and Europe and building new product surfaces that extend Flexprice beyond billing into AI-native finance. Covering metering, revenue recognition, and financial reporting through AI workflows. Pramatra Space has raised an undisclosed pre-seed funding round led by Seafund Ventures. The round also saw participation from Rebalance, Magnivia Ventures with its partner, Peaceful Progress Fund, and notable angel investors such as Awa
