In an effort to increase its technological prowess and, by extension, its long-term competitiveness, the Indian lender Kotak Mahindra Bank Ltd., which is owned by billionaire Uday Kotak, is reportedly hiring 500 engineers. In his pursuit of establishing a technology company with a banking licence, Chief Technology Officer Bhavnish Lathia
In the wake of discovering who else had lost their jobs in the most recent round of layoffs, Pinterest fired two engineers. Consequently, they went against the company's stated privacy and policy guidelines. As part of a larger reorganisation associated with an increased emphasis on artificial intelligence, Pinterest
Massive layoffs have taken place at the Washington Post, a news organisation with a rich history and considerable influence in the US. As part of a massive reorganisation that has abolished entire divisions, the newspaper fired about a third of its employees on 4 February. And as a result of
Digital Striker Private Limited, an optical fiber tools and equipment company founded by Priyanka, has raised $1 million (approx. ₹8.5 crore) from Foxhog Ventures, the USA-based venture capital firm led by CEO, Mr. Tarun Poddar. The funding will be used to set up India's first manufacturing unit
As part of its ongoing staff realignment efforts, aerospace giant Boeing intends to cut 300 supply chain positions in its military division. Affected employees will be notified this week. The layoffs would affect multiple locations across the US. Large firms across sectors are cutting back on staff and are looking
Fibr AI, the innovative company transforming how businesses engage with customers online, today announced it has successfully closed a $7.5 million seed funding round. The round was led by Accel in India, with significant participation from WillowTree Ventures and MVP Ventures, alongside a distinguished group of Fortune 100 operators
Octobotics Tech Pvt Ltd, an industrial robotics company, has announced the successful closure of its Series Seed funding round of approximately ₹10 crore. The round was led by Navam Capital, with participation from BYT Capital. The funds will be deployed to accelerate product development, strengthen field validation, and support international
Good Monk, the flagship brand of Superfoods Valley, is a Bengaluru based start-up, that is founded with a mission to make nutrition a daily habit by making it convenient, effective, and by seamlessly becoming a part of daily food without changing the taste of food. It has now raised INR
Material Depot, a curated home interiors materials platform for modern Indian homes, has raised $10 million in a Series A round co-led by Accel and Stellaris Venture Partners, with participation from Whiteboard Capital, DeVC, Soma Capital, MyAsiaVC, along with a group of angel investors including Ramakant Sharma (Founder & CEO,
- Global turmoil and delayed U.S. data pushed Bitcoin lower by 6%. - The Bitcoin price drop on Tuesday nearly touched its lowest ($72,884.38 in 2024, November). - Experts characterise the dip as normal and express long-term optimism.
India’s startup ecosystem saw strong activity today, with funding flowing into climate tech, robotics, nutrition, AI, and sports-tech startups. Varaha closed a major Series B round, while The Whole Truth raised fresh capital in its Series D. Investments in real estate tokenisation, agentic AI, alternative dairy, and sports infrastructure
Gold and silver prices in India ended higher on Wednesday, reversing a mixed and corrective tone from the previous session. Bullion markets rallied through the day, with both metals moving into positive territory by the market close. Renewed buying interest, global precious metals strength, and improved risk sentiment underpinned the
Juleo, an online matchmaking platform, has ceased operations. After failing to get additional funding, the startup's cofounder Varun Sud announced on LinkedIn that the company is "pausing" its services. Sud boasted that the company had created a fraud-proof AI matchmaker, identified the product-market fit, and helped
Dylan Scandinaro, a member of the Anthropic technical team, has been named Head of Preparedness at ChatGPT developer OpenAI. This recent development was announced by CEO Sam Altman on 4 February. The firm will soon be dealing with very strong models, according to Altman, and they will need corresponding protections.
Google's parent company, Alphabet, is planning to take up a huge office block in Bengaluru in order to expand its operations in India. This might result in the creation of as many as 20,000 new jobs. This decision is made in light of the fact that American
Nila Spaces Limited, one of Gujarat’s most trusted and design-led real estate developers, has announced a strategic investment of ₹6 crores to acquire an approximately 1.40% minority stake in Alt DRX, a fintech start-up at the forefront of asset and real estate tokenization in India. The investment signals
Marine Robotics start-up EyeROV (IROV Technologies Pvt. Ltd.) has raised Rs 13 crore in a pre-Series A round co-invested by AWE Funds and Unicorn India Ventures. Funds raised will be used to accelerate research and development, drive new product innovation, and support market expansion across India and global markets. Founded
Citizens and Infosys, a consulting and digital services firm for the future, have just announced their partnership. The Citizens Bank is among the most ancient and massive American financial organisations. With the help of Infosys, the bank's AI-first Innovation Hub will be launched in Bengaluru, India. Accelerating AI-driven
Elon Musk is signalling a change of guard within his corporate empire with his intention to merge SpaceX with his money-burning artificial intelligence startup xAI. Musk owes a great deal of his fame and fortune to Tesla. However, after the merger on 2 February, SpaceX's reported private market
Varaha, Asia’s largest developer of high-integrity carbon removal projects, today announced its Series B financing round of ~$45M, and close of the initial tranche of $20M, led by WestBridge Capital. The new capital will accelerate Varaha’s geographic expansion, strengthen its scientific and MRV capabilities, and scale a new
Today, India’s startup scene is active, with several tech startups raising funds in AI, market intelligence, and enterprise SaaS. Key business updates included acquisitions, IPO filings, VC exits, and fintech profit growth, highlighting ongoing momentum and change across industries. Daily Indian Funding Roundup - 3rd February 2026 CompanyAmountRoundLead investor(
The acquisition reinforces HORIBA's expertise in diamond technologies, supports the creation of an R&D hub in India & strengthens its ability to deliver innovative analytical & measurement solutions.
To combat the country's dismal sales performance, electric vehicle (EV) giant Tesla India announced a number of new efforts, including an EMI programme, on February 3. Electric vehicles are replacing petrol and diesel vehicles, and Tesla is giving a 3 lakh Indian rupee (INR) exchange bonus to clients