MobiKwik’s Profitable Q4, India’s CCTV Shake-Up & More
Summary
MobiKwik returned to profitability in Q4 FY26, reporting a ₹4.4 Cr profit versus a ₹56 Cr loss a year earlier, with operating revenue of ₹288.7 Cr (up 7.8% YoY) and expenses down 14%; payments margins improved while lending shifted toward a ZIP EMI model and the company secured an NBFC licence. India’s new restrictions on uncertified internet-connected CCTV cameras have sidelined major Chinese vendors and prompted semiconductor startups and software firms to build domestic SoCs and AI-led camera analytics focused on data residency and local deployment. Nazara posted a sharp rise in Q4 profit driven by cost cuts despite revenue declines, and semiconductor startup HrdWyr raised $13M in Series A to scale AI-native SoC development. InCred Capital acquired Singapore-based S Cube to strengthen offshore wealth management capabilities, and Swish Club rebranded to SwishX and pivoted to an agentic AI platform targeting pharma and medtech with aggressive ARR and client goals. Monk9 Tech is positioning itself as a domestic small-batch chip design and fabrication partner for mature-node applications to lower barriers for hardware innovators.