From Souvenir Shop to Silicon Valley Billionaire: The Rise of Shyam Sankar to $1.3 Billion

Palantir's stock soars 500%, meet the man who helped build the AI backbone, Shyam Sankar. Know his full story.

TSMC Fires Employees Over Trade Secret Leak Scandal

Taiwan Semiconductor Manufacturing Co. reported on 5 August that it has found possible trade secret leaks as a result of "unauthorised activities". The largest semiconductor maker in the world informed CNBC that it has initiated legal action and taken "strict" disciplinary action against the concerned staff.

Daily Indian Funding & Business News - 5 August 2025: Jeh Aerospace Secures $11 Million, Tata Capital IPO Filing, Capgemini to Hire 45K & More

India's startup and business ecosystem showed steady momentum on August 5th. Aerospace startup EON Space Labs secured $1.2 million in Pre-Series A funding to advance indigenous optical payload technology. Meanwhile, the corporate world saw significant movements, from Bluestone dialling down its IPO size to Capgemini announcing plans

From Growth to Goodbyes: Microsoft Lays Off 40 More Employees In Washington 2025

Even after strong financial growth, Microsoft laid off employees at record-high numbers (15000+ employees). Know the full story.

Tryo raises INR 3 crores in pre-seed funding from Zeropearl VC to launch “Try First, Pay Later”

Bangalore, August 5, 2025 — Tryo, a next-generation fashion shopping marketplace, has raised INR 3 crores in pre-seed funding round led by Zeropearl VC. The funding will be used to launch operations in Bangalore, accelerate product and technology development, and strengthen partnerships with leading Indian fashion brands to reimagine how consumers

Cropin Bags €700K Strategic Artificial Intelligence Deal to Scale Regenerative Potato Farming in Europe

India | August 05, 2025 – Cropin, the world’s largest deployed AI platform for food and agriculture, has secured a strategic €700,000 contract under EIT Food’s Impact Funding Framework. Cropin will deploy its AI-powered initiative, FIRST Potato - Field Intelligence for Regenerative Agriculture and Sustainability in Potato Farming, to

How Best of Exports Became the No.1 Restaurant Furniture Manufacturer in India

New Delhi [India], August 5: Walk into any great restaurant, and you’ll notice everything feels intentional—lights, colors, music. But one thing often gets overlooked: the chair. We’ve heard it before. "We invested in décor and menu, but the chairs didn’t last." Or, "Guests

IRDAI Slaps INR 5 Cr Fine on Policybazaar Over Insurance Norm Breach

For many infractions of insurance regulations, insurtech giant Policybazaar was fined INR 5 Cr by the Insurance Regulatory and Development Authority of India (IRDAI). The infractions pertaining to unclear outsourcing contracts with insurers were also listed in the IRDAI order. Lack of Transparency in Outsourcing Deals Raises Red Flags Large

Big Pharma Eli Lilly Opens Tech & Innovation GCC in Hyderabad, The State Aims 100 GCCs By 2025–26

American Pharma giant Eli Lilly's new technology and innovation center in Gachibowli opened with 100 working employees. Know the full story.

EON Space Labs Raises $1.2 Million to Advance Made-in-India Optical Payloads for Space, Drones, and Ground Platforms

* EON Space Labs raised USD 1.2 million in Pre-Series A (approx INR 10.5 Crore) funding from MGF Kavachh and HHV Group, which also joins as a strategic partner. * Funds will support the launch of MIRA, India’s lightest space telescope, and 4 new LUMIRA EO/IR systems for

Fintechs, NPCI Seek Exemption from DPDP Consent Clause Over Digital Payments

The National Payments Corporation of India (NPCI) and digital payment companies Google Pay, PhonePe, and Amazon Pay have requested an exemption from the provisions of the Digital Personal Data Protection (DPDP) Act that demand user consent for every transaction, claiming that doing so would be excessively burdensome, according to ET.

Capgemini India to Hire 45,000 Employees in 2025 Amid AI Talent Push

This year, Capgemini India expects to hire between 40,000 and 45,000 people, despite mounting concerns about hiring in the information technology (IT) sector. Between 35 and 40% of these will be lateral hiring, CEO Ashwin Yardi told the Hindu Business Line. The number of projects being routed to

NODWIN Gaming Partners with District by Zomato as Exclusive Ticketing Partner for Comic Con India, NH7 Weekender & DreamHack India

NODWIN Gaming, a leading name in youth entertainment, gaming, and esports, continues its exclusive partnership with District by Zomato as the official ticketing partner for its key IPs Comic Con India, NH7 Weekender and DreamHack India for the second year in a row. Comic Con, NH7 Weekender and DreamHack have

Tata Capital Files for IPO: Tata Sons-Backed NBFC Plans Major Market Debut

In order to acquire money through an initial public offering (IPO), Tata Capital, the main financial services provider for the Tata Group, has submitted draft documents to SEBI, the capital markets regulator. The IPO's entire offer size is 47.58 crore shares, of which 21 crore will be

Truworth Wellness Appoints Khurshed Dordi to Board of Directors to Accelerate Strategic Growth and Deepen Client Value

Veteran CXO brings 30+ years of global leadership to guide Truworth’s strategic growth and wellness innovation. Truworth Wellness, a leading provider of holistic corporate wellness solutions, today announced the appointment of Khurshed Dordi to its Board of Directors. With over three decades of leadership experience across global banking, financial

Fraganote Raises $1 Million in Pre-Series A Round Led by Rukam Capital

The investment will fuel product innovation, retail expansion, and brand-building as Fraganote aims to redefine fragrance culture in India. Fraganote Fragrances Private Limited, a modern Indian fragrance/perfumery brand, closes $1 million in a Pre-Series A funding round led by Rukam Capital. The investment marks a significant milestone in Fraganote’

Shortgun Games Secures $1 Million Seed Funding to Build India’s Biggest Cinematic Third-Person Shooter for Global Audiences

The investment will be used for the development of a polished vertical slice, setting the stage for a globally competitive single-player IP from India. Shortgun, India’s emerging Game Development Studio co-founded by the developers of Rogue Heist, announces the closure of its $1 million Seed round supported by Angel

SEBI Proposes Major RPT Rule Changes for Big Corporates to Ease Compliance Burden

With a renewed emphasis on making it easier for big businesses to conduct business, the Securities and Exchange Board of India (SEBI) on 7 August recommended significant modifications to its related party transaction (RPT) system. A substantial revision of materiality requirements is suggested in the capital markets regulator's

Actor-Entrepreneur Ranbir Kapoor Invests in Prozo to Support Scalable Supply Chain Innovation

Prozo, the tech-enabled full-stack supply chain platform powering India’s fastest-growing brands, has announced an investment from actor and entrepreneur Ranbir Kapoor. Known for his sharp business instincts and long-term involvement in ventures like ARKS and Mumbai City FC, Kapoor’s entry highlights the importance of scalable backend infrastructure in

Bug Alert: Google’s AI ‘Big Sleep’ Wakes Up to 20 Open Source Security Flaws

Gemini Powered AI Big Sleep detects 20 bugs with minimal human help, sparking questions about replacing humans. Here’s the full story.

Nawgati Selected for Google for Startups Accelerator to Scale AI Fuel-Tech App

The only mobility-tech startup in the cohort, Nawgati, gears up to refine its AI-driven app solutions with Google’s mentorship. Nawgati, India’s pioneering fuel-tech platform, has been selected to join the prestigious Google for Startups Accelerator: Apps program. As one of only 20 startups chosen from across India, Nawgati

Swiggy Launches DeskEats to Serve Office-Goers Across 30 Indian Cities

The foodtech giant Swiggy has launched DeskEats, a new product created especially to serve Indian working people. According to a statement from the company, the offering is currently accessible in over 7,000 tech parks, business centres, and corporate complexes spread across 30 cities, including Delhi, Mumbai, Bengaluru, Chennai, Gurugram,

Daily Indian Funding Roundup & Key News - 4 August 2025: Mitigata Raises $5.9M, Dhruva Space Plans First SpaceX Launch, & More

On 4th August, cyber resilience startup Mitigata raised $5.9 million in Series A funding led by Nexus Venture Partners. Dhruva Space announced its first commercial satellite mission with SpaceX, and Swiggy launched DeskEats to serve office-goers across 30 Indian cities. Here's a quick look at the key