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Zynk Raises $5 Million Seed Round as Bluestone Tops ₹500 Crore Quarterly Revenue
Zynk raised $5 million to scale cross-border fintech operations, Bluestone earned ₹500 crore revenue, while Mobikwik’s losses widened eightfold, signaling selective startup funding resilience.
Cross-border fintech platform Zynk secured $5 million in seed funding to expand payments and remittance infrastructure across emerging markets. Bluestone, the jewelry retailer, crossed ₹500 crore in Q2 FY26 revenue on rising domestic luxury demand. Meanwhile, Mobikwik reported an eightfold year-on-year surge in quarterly losses due to higher marketing and compliance costs. Investors noted that the funding and mixed results illustrate the divergent performance within India’s startup ecosystem. Analysts expect selective funding momentum to persist for scalable and profitable models.