Domestic funds are reshaping India's startup landscape. As foreign investors retreat due to geopolitical tensions, Indian mutual funds and AIFs are aggressively backing homegrown companies. SBI Mutual Fund and HDFC Mutual Fund have built substantial positions exceeding 3.5% each in Eternal, while Paytm has officially become Indian-owned and controlled for the first time, with domestic investors now holding 50.3%. This shift reflects genuine confidence in mature, cash-generating businesses rather than speculative bets. Eternal reported a 73% profit jump in Q3 with Blinkit crossing ₹10,000 crore quarterly revenue, while Paytm posted ₹225 crore net profit. Meanwhile, analytics startup GobbleCube raised $15 million in Series A funding to expand AI capabilities and scale operations globally. The domestic institutional confidence surge signals a turning point for Indian startups.
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