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Indian startups saw funding flow into trading-tech, biotech, and recovery-tech today, with three rounds totalling around ₹50.3 crore. Mumbai-based trading app Trackk led the day, raising ₹30 crore in an extended seed round from Lightspeed India and Info Edge Ventures. Cellogen Therapeutics bagged ₹20 crore from Kotak Alts to
There will be 850 layoffs at Inter IKEA, the business that franchises the internationally renowned Swedish furniture giant IKEA in 63 countries. In response to declining consumer demand and increasing economic pressures, the move is a component of a comprehensive plan to cut costs. The elimination of positions is part
In an effort to save $2 billion, Starbucks Corp. is considering opening a technology office in India. A message was sent to employees stating that the new hub is scheduled to be built during the company's fiscal year 2027, which begins in October. After deciding on a location
With the opening of Million Minds Tech City, Ahmedabad is vying to become one of India's many Global Capability Centre (GCC) nodes. In this endeavour, Ganesh Housing Limited is investing INR 15,000 crore to build an integrated technological township. Ahmedabad has long been known as a hub
Key Highlights * Paramotor Digital Technology has confidentially filed its draft red herring prospectus (DRHP) with SEBI under the pre-filing route for a proposed IPO. * The Mumbai-based fintech reported revenue of ₹112 crore in FY 2024-25, up 232% year-on-year, with net profit of ₹29.2 crore. * Its portfolio includes SpendPro, RewardOn,
Bharti Airtel Ltd. has overtaken HDFC Bank Ltd. to become India's second most valued listed company by market capitalisation on Monday, May 18, 2026, as the telecom major's shares climbed for a fourth consecutive session while the private lender remained under pressure over its chairman succession
The gold price today in India is ₹15,693 per gram for 24-carat gold, unchanged from Sunday. The silver price today in India is ₹2,79,900 per kg, broadly flat as the week begins. Today's gold price in India stands at ₹15,693 per gram for 24-carat
Recently, Jane Street Group LLC established a new office in Singapore. Consequently, as it keeps expanding its operations across Asia, it is doubling its seating capacity to 250 people. A total of 24,000 square feet (2,230 square metres) has been leased by the market maker in the IOI
Discover 52 profitable low-investment business ideas you can start in India with INR 1 lakh or less. From online ventures to retail and service businesses, explore smart opportunities with high growth potential and low startup costs.
Workers are allegedly stocking up on free snacks, drinks, and chargers as 8,000 Meta employees—equivalent to 10% of Facebook and Instagram's global workforce—face what amounts to a near-certain doomsday. Meta has scheduled layoffs for the first wave of employees for May 20th, with additional layoffs
Welcome to StartupTalky’s 2026 US funding updates. This article offers a clear and structured overview of the latest investment activity in the United States throughout the year. Our weekly funding tables, updated regularly, track how much funding companies have raised, the industries they operate in, key investors involved, and
The gold price today in India is ₹15,911 per gram for 24-carat gold. The silver price today in India is ₹2,71,740 per kg. Both metals are flat today after one of the most turbulent weeks in Indian bullion market history. Gold prices in India remained unchanged on
India had over 601 million OTT viewers in 2025, or 41.1% of the population streaming online video, according to the Ormax OTT Audience Report 2025. Yet only 148.2 million held active paid subscriptions. The industry is currently grappling with high churn (the rate at which subscribers cancel their
The gold price today in India is ₹15,910 per gram for 24-carat gold, down sharply from ₹16,265 yesterday. The silver price today in India has crashed to ₹2,71,720 per kg, a fall of over ₹20,000 in just 24 hours. Spot gold fell 2% to around
Sanjay and Dheeraj Hinduja and Family, representing the 111-year-old transnational conglomerate Hinduja Group, has topped the Sunday Times Rich List at £38 billion for the fifth successive year. The Sunday Times Rich List is a definitive annual ranking of the wealthiest individuals and families residing in the United Kingdom, with
Electric vehicle (EV) giant Ola Electric's board of directors has approved a cumulative investment of INR 2,000 Cr just days before the company reports its financial results for the fourth quarter. The company's cell manufacturing division, Ola Cell Technologies Pvt Ltd (OCT), and its vehicle
India's startup ecosystem saw meaningful action on 15 May 2026, with mobility, consumer brands, and electric vehicles drawing fresh capital. Three funding rounds were announced today, led by Rapido's $240 million primary infusion from Prosus at a $3 billion valuation. On the news front, Walmart-owned Flipkart
Coal India Ltd's solar manufacturing subsidiary has been dissolved. This action officially ends the company's plans to use a special-purpose vehicle to get into integrated solar photovoltaic manufacturing. In a regulatory filing, the state-owned coal miner announced that CIL Solar PV Ltd has been dissolved and
On May 14th, the Enforcement Directorate announced that bank deposits totalling INR 526 crore had been frozen. Moreover, the Enforcement Directorate (ED) has announced that, following the conclusion of searches in a money laundering case involving the online gaming platform Gameskraft and its founders, it has confiscated INR 11 lakh
By the end of 2027, Uber intends to establish two substantial technology centers in Bengaluru and Hyderabad. Consequently, this shows Uber's stronger dedication towards India in the long run. The business is currently increasing its presence in the field of engineering and infrastructure in a rapidly developing market.
The silver price today in India is ₹2,90,000 per kg, falling sharply after COMEX silver crashed nearly 6% overnight. The gold price today in India is ₹16,265 per gram for 24-carat gold, broadly steady but under pressure. Both metals are correcting after a historic two-day surge driven
Campus job offers from Oracle have allegedly been withdrawn from students at various National Institutes of Technology and Indian Institutes of Technology. More than 30,000 workers across the globe were allegedly impacted by the tech company's massive global restructuring exercise, which was completed just weeks ago. Due
Explore the best government franchise opportunities in India, including India Post, BSNL, Jan Aushadhi, CSC, and Indian Oil. Compare investment, ROI, and requirements to choose the right government-backed business opportunity.
Legend of Toys, the Bengaluru-based direct-to-consumer toy brand, has raised ₹21 crore in a Pre-Series A funding round aimed at building what the company describes as India's first premium play universe. The round saw participation from Singularity Early Opportunities Fund, Veltis Capital, Enzia Ventures, DeVC, Atrium Angels and
Discover 64 profitable land business ideas in India to earn from vacant or empty land. Explore farming, EV charging stations, cold storage, parking lots, solar energy, and more high-return opportunities.
Explore the top 10 largest film studios in the world, ranked by revenue, global reach, and blockbuster franchises. From The Walt Disney Company to Universal Pictures, discover the entertainment giants shaping global cinema.
The gold price today in India is ₹16,201 per gram for 24-carat gold, and the silver price today in India has crossed ₹3,10,000 per kg in Mumbai. Both metals continue to trade at elevated levels, a day after India's historic import duty hike from 6%
Three former Peak XV Partners managing directors, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital, a new India-focused venture capital firm, and are targeting a maiden fund of $350 million to $400 million to back domestic startups, according to multiple media reports on May 14, 2026. The
* Secret Alchemist, the Samantha Ruth Prabhu co-founded aromatherapy and clean fragrance brand, leads IPV's exit slate with a standout 192% IRR and 4.56x MoM, followed by Aerem (60% IRR, 3.92x MoM), Qubehealth (49% IRR, 5.49x MoM), and Kazam (34% IRR, 4.21x MoM) among top
India’s oil and gas sector powers the nation’s economy and energy needs. With rising fuel demand, rapid gas infrastructure growth, and investments in cleaner energy solutions, the industry is evolving quickly while balancing energy security with sustainability goals.
Discover the best digital savings apps in India that help automate savings, earn returns, track expenses, and build better financial habits through smart investing and cashback rewards.
In anticipation of its highly anticipated initial public offering (IPO), the digital arm of Reliance Industries, Jio Platforms, has named Akash Ambani as its managing director for a duration of five years, starting April 9, 2026. The nomination was approved by a vote of all board members at an April
Tuesday's deal flow was led by early-stage rounds across fintech, housing finance and on-demand services, with three Indian startups collectively raising over ₹40 crore. Doorstep smartphone repair startup Instafix secured ₹7.55 crore in pre-seed funding, while Nivasa Finance closed a ₹25 crore seed round to scale its
The gold price today in India has surged nearly 6% to ₹1,63,000 per 10 grams. The silver price today in India is ₹2,96,910 per kg, up 6.2% in a single session. The Centre has more than doubled the import duty on gold and silver, raising
The health and insurance benefits for over 90,000 delivery colleagues across Amazon India's operations network have been enhanced, the company announced. Coverage for common medical expenses can be obtained through the benefits' outpatient department (OPD) coverage. Compensation for both temporary and permanent disabilities, as well as
Meta workers are protesting the company's new monitoring software that aims to teach AI by posting leaflets around the headquarters in the United States. This change occurred only days before the corporation was scheduled to start laying off 10% of its employees on May 20. The Model Capability
Rathnakar Samavedam shares how Hyderabad Angels Fund is backing resilient startups, addressing India’s early-growth funding gap, and reshaping regional venture capital.
Gurugram, May 13, 2026 — Instafix, a 30-minute doorstep smartphone repair service, has raised ₹7.55 crore in a pre-seed funding round co-led by Titan Capital and 8i Ventures. The round also saw participation from Anish Srivastava, Senior Vice President at Blinkit, and Bharat Kalia, Co-founder and CEO of Lifelong. The
Walmart is purportedly contemplating the reduction or relocation of approximately 1,000 corporate employees. Its technology and AI activities are being restructured, and this relocation or these layoffs are just one component of this development. As part of its strategy to better integrate its worldwide technology and AI product teams,
Prashasta Seth shares how Prudent Investment Managers is blending VC agility with PE discipline to back capital-efficient startups built for long-term, sustainable growth.
As India’s capital markets grow rapidly, AI-native investment bank S45 is transforming IPOs and M&A with faster execution, stronger compliance, and smarter deal-making.
India's credit card industry has undergone a remarkable transformation over the past five years. From fewer than 60 million cards in FY2020, the country now has over 118 million credit cards in circulation. Spending has grown from under ₹6 trillion annually to nearly ₹24 trillion in FY2026, reflecting
S Cube Capital (SAIML Pte Ltd), a fund management firm located in Singapore, has been bought by InCred Capital, the wealth management subsidiary of InCred Group. The business announced its intention to merge S Cube Capital with its Singaporean subsidiary, InCred Global Wealth Pte Ltd, pending necessary regulatory clearances. With
India's startup ecosystem saw funding activity span semiconductors, electronics manufacturing, deeptech, foodtech and cybersecurity on 12 May 2026. Bengaluru-based HrdWyr led the day with a $13 million Series A to build AI-native chips, while Mekr raised ₹67 crore to scale its electronics manufacturing platform. Spacetech firm Agnikul Cosmos
Commercial real estate developers are increasingly turning rooftops into revenue-generating assets through solar energy, unlocking cost savings, sustainability benefits, and long-term asset value.
The OpenAI Deployment Company is a new venture from OpenAI that will assist organisations in developing and implementing AI systems that are reliable and applicable to their critical daily operations. Organisations tackling difficult challenges in harsh environments will have access to Forward Deployed Engineers (FDEs), who are experts in frontier
Hundreds of paid workers in GM's IT department have been let go as layoffs have started. The move comes as the US carmaker tightens its grip on costs and reevaluates its workforce needs in certain areas. Roughly 500 to 600 employees worldwide are projected to be impacted by
The gold price today in India is ₹1,52,500 per 10 grams for 24-carat gold, down 0.42% from Monday. The silver price today in India has crashed from ₹4,300 to ₹2,62,730 per kg after hitting a high of nearly ₹2,82,000 earlier in the
India’s automotive market kicked off FY27 on a high note, with April 2026 auto sales recording strong growth across segments. The surge was largely driven by rising demand for electric vehicles (EVs) and sport utility vehicles (SUVs), reflecting a clear shift in consumer preferences. The month saw impressive traction
In this interview, Aditya Vuchi shares how VCMint is redefining patient capital, what founders often miss while fundraising, Hyderabad’s startup rise, and the signals that make early-stage startups investment-worthy.
In this interview, Kulmani Rana of Fibonacci X shares insights on VenturEdu’s unique founder-building model, India’s evolving startup funding landscape, family office investments, M&A opportunities, and what early-stage founders need to build scalable, investor-ready ventures in 2025–26.
Staff layoffs, reorganisation of management, and increased use of AI throughout internal processes are all part of GitLab's massive organisational change, which the company has disclosed. This move is being made by the software corporation in preparation for the ever-changing world of AI-driven development. On May 11th, the
The Seattle headquarters of Starbucks has laid off 61 corporate technology employees. Last week, the company's Worker Adjustment and Retraining Notification filing revealed that this action is being made as part of a comprehensive operational revamp under CEO Brian Niccol. With the layoffs underway, the worldwide coffee company
Welcome to StartupTalky’s 2026 Indian startup funding updates. This article provides a clear and easy overview of the latest startup funding news in India throughout the year. Our weekly funding tables, updated regularly, track how much funding each startup has raised, the sectors they operate in, the key investors
Indian startup activity on 11 May 2026 was led by healthy packaged foods and fintech, with one notable funding round and a clutch of IPO and listed-company updates. Wingreens Farms closed a ₹120 crore Series D and acquired Safe Harvest in a share-swap deal. On the public markets front, InCred
As part of its internal reorganisation in preparation for its anticipated initial public offering (IPO) next year, Google-backed edtech giant Adda247 has fired 20% of its staff, or about 200 people. The layoffs affected workers in a wide range of departments, according to news accounts. Employees in departments like product,
India’s RBI is cracking down on dark patterns in digital banking. From hidden fees to manipulative consent flows, the new 2026 regulations force banks and NBFCs to prioritize transparency, fairness, and user trust over conversion-driven design.
In order to fund further expenditures in artificial intelligence, Commerzbank intends to let off 3,000 employees. The move was made as the second-largest listed bank in Germany fortified its defences against a takeover bid by UniCredit of Italy. On May 8, the Frankfurt-based bank announced the layoffs as part
About 70 people, or about 15% of Truecaller's employees, will lose their employment. This comes after the company had a rough first quarter, posting sharp drops in sales in India as well as lower advertising income and overall pressure on its fundamental business model. The caller ID firm
Kathy's Beverages Pvt Ltd, the parent company of Mumbai-based bubble tea and beverage brand Bobakat, has raised ₹6 crore (approximately USD 638,000) in a Pre-Series A funding round to fuel a nationwide retail expansion and accelerate product innovation, the company announced Monday. The fresh capital will be
Oracle is currently experiencing an increase in criticism from former employees as a result of the mass termination of approximately 20,000 employees. The layoff has resulted in disputes regarding severance terms, forfeited stock compensation, and labour protection regulations. Employees in the US, India, and other foreign locations were hit
Sindhuja Microcredit, a new generation digital and rural-focused microfinance institution (MFI) providing financial services to self-employed women entrepreneurs, has raised $5 million (INR 47 crores) in a Pre Series D funding round. Existing investors Abler Nordic, GAWA Capital (through its vehicle Huruma Fund) and Oikocredit have participated in this round.
SustainKart rose as India’s promising green commerce startup but shut down amid financial strain, founder disputes, and legal controversy. Here’s the full story behind its dramatic collapse.
Three of Porsche AG's companies will be closed, and over 500 jobs will be eliminated. The German luxury automaker is taking this action as part of its reorganisation to put greater emphasis on its primary business. This shift is a major strategic rethink for Porsche, as it is
India’s largest public sector lender, State Bank of India (SBI), has reported a steady rise in profits for both the full financial year FY26 and the March quarter, reflecting stable loan growth and improving asset quality. However, the bank’s shares saw a sharp decline following the announcement, signalling
Thousands of long-serving Microsoft employees in the US now have the option to voluntarily leave the company. Consequently, this is the first retirement buyout programme that the corporation has ever run in its fifty years. After being discussed internally last month, Microsoft's HR systems have officially detailed the
Quick commerce major Zepto has secured the Securities and Exchange Board of India's (SEBI) approval for its proposed initial public offering worth around ₹11,000 Cr to ₹12,000 Cr (about $1.2 billion), clearing a key regulatory hurdle for what is set to be one of India&
Thursday, 8 May 2026, was a quiet day for startup funding, with only one deal closing. Business news, however, was packed. Zepto received SEBI's approval for its $1.2 billion IPO, becoming one of the most closely watched public market events in India's quick commerce space.
About 750 permanent workers in the passenger and commercial vehicle divisions of Tata Motors have been offered the opportunity to retire voluntarily (VRS). This will be the first exercise of its kind for the firm since its reorganisation in 2025. After unions representing workers at Tata Motors plants requested a
Roughly 1,000 positions will be eliminated worldwide at Fidelity Investments. The move is part of the financial services provider's effort to reorganise its product and technology operations in preparation for a new delivery model. Out of a total of 80,000 employees around the world, around 1%
Worldwide, more than 1,100 workers will be let go by Cloudflare. In preparation for what business leaders are calling the "agentic AI era", the cybersecurity and cloud infrastructure firm is reorganising its operations. Layoffs were revealed in an internal memo that was emailed to staff on 7
From coding a video game at 12 to building Tesla, SpaceX, and xAI, Elon Musk’s journey is one of relentless innovation. Explore his biography, net worth, companies, achievements, controversies, and how he became one of the world’s most influential entrepreneurs.
Verizon has started laying off workers again in the US. The telecom group has already eliminated 13,000 positions across the board, and now it is laying off hundreds more. In an interview with a news outlet, the telecom company confirmed the most recent layoffs but refused to provide a
From selling Bruce Lee posters on Delhi sidewalks to becoming India’s most recognized gifting brand, Archies’ journey is a remarkable story of vision, reinvention, and emotional connection. Here’s how a ₹5,000 loan built a gifting empire.
How India's most-watched podcaster turned the worst week of his career into a 15-month engineered rehabilitation — and what it teaches us about reputation, PR, and the modern internet.
Indian startups saw a steady flow of capital on 7 May 2026, with spacetech, robotics and quick home services drawing investor attention. Skyroot Aerospace led the day, bagging $60 million to become India's first spacetech unicorn. Pronto wrapped up a $45 million Series B at a doubled valuation,
SEBI has received the updated draft red herring prospectus (UDRHP-I) from InCred Holdings, the parent company of InCred Financial Services, a prominent NBFC. The public offering of the company's stock will include both a new issuance of shares up to INR 1,250 Cr and an OFS of
Hyderabad-based Skyroot Aerospace has raised $60 million in a Series C funding round on May 7, 2026, vaulting the small-satellite launch vehicle developer to a post-money valuation of $1.1 billion and making it India's first space-tech unicorn. The round was led by Sherpalo Ventures, GIC, BlackRock, Arkam
The Nissan plant in Sunderland, United Kingdom, will consolidate production lines and eliminate 900 jobs around Europe. The move is part of a larger restructuring effort by the Japanese automaker to cut surplus capacity and increase efficiency. The Sunderland plant, which produces the Leaf, Juke, and Qashqai models, will combine
A number of Nike's technology-related offices are being shuttered in Atlanta, China, and Poland, and others are being moved to Portland. As part of a larger restructuring plan, the sportswear firm is taking this action, which is anticipated to result in the loss of approximately 1,400 jobs.
Backed by the FPL Group's 35-year entrepreneurial legacy, the Chennai-based quant fund targets USD 1 billion in AUM and full-service wealth management status by 2030 CHENNAI, Tamil Nadu, May 6, 2026 — PinSec.AI, the AI-native financial services arm of the FPL Group of Companies, today announced it has
Mother’s Day is not just about flowers and cards, it is about expressing gratitude and love through thoughtful gestures. Whether your mum prefers luxury, wellness, art, or practicality, this curated list brings together some of the most meaningful and premium gifts from homegrown Indian brands. Celebrate her with something
Andhra Pradesh's industry and manufacturing aspirations have been greatly enhanced by the selection of AP for the new production expansion project by renowned motorbike maker Royal Enfield. Consequently, this is the first significant expansion outside of Tamil Nadu for the corporation since its founding in 1901. A state-of-the-art
Discover how Real Madrid generates billions through media rights, sponsorships, stadium revenue, merchandising, and digital expansion.
Meesho is quickly integrating AI into its foundational processes. Aatrey, the chief executive, recently announced that artificial intelligence tools now generate over 70% of the company's code. This revelation demonstrates how Indian IT companies are boosting the efficiency, speed, and scalability of their engineering and product development processes
India’s chai culture is evolving with startups like Chaayos, Chai Point, MBA Chaiwala, and Teabox redefining tea through innovation, technology, sustainability, and modern café experiences across India and beyond.
Lachy Groom, co-founder of Physical Intelligence, leads $20 million extension; platform now processes 26,000 bookings daily
Coinbase is restructuring its management and laying off 14% of its employees. The move comes as the Bitcoin exchange, now led by CEO Brian Armstrong, speeds up its shift to an AI-first operational strategy. Approximately 700 workers may be impacted by the reorganisation, according to Coinbase's most current
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, has invested USD 15 million in Eversource-backed Ecofy, a Reserve Bank of India (RBI)-registered NBFC specialising in financing green products. Founded in 2022 by Rajashree Nambiar and Govind Sankaranarayanan, and backed by Eversource Capital, British International Investment, FMO
Indian startups attracted capital across deep tech, climate finance, medtech, enterprise AI, fintech, and employment infrastructure on Tuesday. The day's largest raise came from fabless semiconductor startup BigEndian Semiconductors, which secured $6 million (~₹51 crore) in a pre-Series A round led by IAN Alpha Fund. Climate-focused NBFC Ecofy
Discover the top Bollywood celebrities investing in startups and brands, from Shah Rukh Khan to Alia Bhatt, and explore how India’s biggest stars are shaping business, innovation, and entrepreneurship.
Jerome Powell’s journey from lawyer and investment banker to Federal Reserve Chair reflects decades of leadership in finance, policymaking, and economic governance, making him one of the most influential figures in U.S. monetary policy today.
A subsidiary of BMW that operates out of South Carolina's massive manufacturing complex is planning to lay off about 100 workers. This is just the latest blow to the state's car supply chain ecosystem in terms of job cuts. The South Carolina Department of Employment has
As the software company speeds up its transformation powered by artificial intelligence, Freshworks will slash about 500 workers worldwide. In response to industry-wide advances in enterprise technology, the company is reorganising its operations. On May 5th, the business announced that it would be laying off about 11% of its employees.
The Indian government announced the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) on the evening of 5th May 2026, extending collateral-free top-up loans to MSMEs absorbing the economic shock of the Iran war crisis. Confirmed via an official PIB notification, the scheme allows eligible businesses to borrow
In an effort to streamline operations and improve long-term growth, newly hired chief executive Enrique Lores is launching a turnaround efforts at PayPal, which might lead to layoffs and reduced spending. The business has stated that it plans to save $1.5 billion in the next 2-3 years. In the
As part of its Project Leap reorganisation effort, Cognisant may cut 12,000 to 15,000 positions worldwide. Consequently, the worldwide IT services business is bracing for yet another massive staff reset. As part of a larger reorganisation plan, Cognizant has allocated up to $270 million to cover expenses connected
As part of its strategy to expand its AI-powered fleet safety business, Netradyne, which is backed by SoftBank, has purchased Moove Connected Mobility, increasing its footprint in Europe. With this acquisition, Netradyne's edge intelligence platform and Moove's local presence and clientele in key European markets will
Armory, one of India’s fastest-growing defence-tech companies, has reached a significant milestone by becoming among the first startups of its scale to secure a landmark INR 100 crore order from the Ministry of Defence (MoD) for its AI-powered SURGE Counter-Unmanned Aircraft System (C-UAS). This contract was awarded following a