Luxury innerwear, clothing and lifestyle brand MHYTH has raised INR 5 crore (~$600,000) in a pre-seed funding round backed by a Mumbai-based single-family office, led by businessman Mohammed Asief Khan. The round follows an earlier angel raise in December 2024 with participation from Mumbai-based Asset Management firm - Nine
With its shutdown, Ask.com, one of the first internet search platforms, has put a stop to the popularisation of question-based queries. A message on the website stated that the service was no longer available as of May 1, 2026. This shutting down marks the end of an era for
Meta has acquired US-based startup Assured Robot Intelligence (ARI) in a move that underlines its growing focus on humanoid robotics and “physical AI”. The deal, confirmed in early May 2026, comes as the company expands beyond its core social media and AI software business into machines designed for real-world tasks.
As part of a broader restructuring initiative, Estée Lauder intends to cut up to 10,000 jobs worldwide. The layoffs could result in yearly savings of up to $1.2 billion, all while improving its profit forecast. The most recent reductions, which result in an additional 3,000 positions beyond
Monday, 4 May 2026, was a strong day for Indian startup funding, with capital flowing across skincare, menstrual health, bank locker infrastructure, semiconductor AI, ethnic wear, food, and personal data. Fireside Ventures made two separate Series A bets in CHOSEN and Kisah in a single day, signalling continued conviction in
In order to design and construct India's first satellite data centre in orbit, Pixxel and Sarvam formed a strategic alliance on May 4th. Planetary intelligence firm Pixxel constructs and manages a fleet of cutting-edge imaging satellites. The Pathfinder satellite will be developed, manufactured, launched, and operated by Pixxel
India’s premium and authentic staples brand specializing in A2 Gir cow ghee and organic pantry, has secured investment from Aman Gupta through SailThru Ventures. Founded by content creator and entrepreneur Gaurav Taneja (Flying Beast) along with Ankur Tyagi and Sumit Mishra, the brand is building a strong presence in
Due to a lack of funding, Spirit Airlines has decided to cease all operations. Thus, one of the major U.S. low-cost carriers came to a sudden end. More importantly, the movement will result in the layoff of about 17,000 workers. According to multiple news outlets, the airline grounded
A deal for $55.5 billion has been proposed between video game retailer GameStop and online marketplace eBay. The proposed acquisition would put eBay's share price at $125.00, which is 20% more than the company's closing price on May 1st. Since last week, GameStop has
After ex-employees said they waited a long time to get full and final compensation, SpiceJet came under new scrutiny. Workers assert that over 500 former employees are still waiting for payment, despite being long gone from the organisation. In light of the airline's persistent financial and operational problems,
Menstrual hygiene focused startup HealthFab has raised Rs 20 Crore in Series A from Atomic Capital. Funds raised will be strategically deployed for expanding its holistic period care product portfolio, scaling distribution including quick commerce, and expanding manufacturing capacity to support growth. Founded in 2019 by Kiriti Acharjee, Sourav Chakrabarty,
The auto PLI system has several serious problems, and the Confederation of Indian Industry (CII) has called for simpler regulations to help new electric vehicle companies get off the ground and stimulate innovation. In a letter sent to the PMO and the MHI, a group of six electric vehicle startups
For the months of June and July, Air India will cut back on its international flight operations due to the dramatic increase in the price of aviation turbine fuel (ATF). Moreover, media reports indicate that multiple routes are no longer profitable due to the continued airspace restrictions. Managing Director and
According to VAHAN data, Ola Electric reported a noteworthy month-over-month increase in April 2026. The company's registrations increased from 10,133 units in March to 12,166 units. The updated figures were made public by the firm on 30 April. In a statement, Ola Electric stated that this
Tim Cook, Apple's outgoing CEO, expressed his utmost enthusiasm for the country of India, where the company's Mac, iPad, and iPhone divisions are all experiencing double-digit growth with plenty of space to expand. Regardless of this growth, Apple's market share in the world'
In a deal worth approximately INR 325 crore, Accenture leased over 6 lakh sq ft of office space in Pune for installing a global capability centre (GCC). The deal, so, represents one of the year's largest commercial real estate deals in the city. Space at Phoenix Millennium Towers
In an antitrust lawsuit involving allegations of abuse of power in the apps marketplace area, Apple, creator of the iPhone, allegedly requested the Delhi High Court (HC) to prevent the Competition Commission of India (CCI) from setting a final hearing. Apple allegedly accused the watchdog of going beyond by requiring
Amazon, the e-commerce juggernaut, is seeing robust expansion in the realm of fast commerce. Amazon Now, the company's fast commerce platform, is experiencing 25% MoM growth in orders in India, according to CEO Andrew 'Andy' Jassy during the Q1 earnings call. The number of orders processed
India’s startup ecosystem saw steady funding activity on 30 April 2026. Startups across deep tech, fintech, AIoT, and clean energy raised fresh capital. Investors continued to back early and growth-stage companies with a strong product focus. Daily Indian Startup Funding Roundup - 30 April 2026 Startup / CompanyFunding AmountLead InvestorsCtruh$
JSW One Platforms Limited, India’s leading tech-enabled B2B commerce platform for construction and manufacturing MSMEs, today announced the acquisition of BuildNext Construction Solutions Private Limited (BuildNext), a home design and project management company. The acquisition builds on JSW One’s existing home construction platform, JSW One Homes, and marks
With an investment target of more than INR 10,000 cr, the "AI Policy 2026" has been authorised by the Maharashtra cabinet. In addition, by 2031, the government aims to have created 1.5 lakh jobs. The objective of the state is to establish itself as a national
In its US advising sector, KPMG has laid off almost 400 consultants. Demand is falling across critical service lines associated with regulatory risk, customer operations, and financial services, prompting this action. The layoffs were confirmed to a media outlet and affect about 4% of the advisory team. On April 29th,
Amazon to Recruit 11,000 Engineers in 2026 Following Mass Layoffs Amazon is planning to hire 11,000 software developers, interns, and engineers this year. The development came just weeks after cutting about 30,000 jobs in late 2025 and early 2026. The change was announced by AWS CEO Matt