Vertiv Completes Acquisition of Great Lakes Data Racks & Cabinets

Vertiv Completes Acquisition of Great Lakes Data Racks & Cabinets.

NBFC CredRight raises $10 mn in Series B from Abler Nordic, existing backers

CredRight, a Non-Banking Financial Company (NBFC) that bridges the credit gap for India’s smallest business owners, has raised $10 million in Series B funding led by Abler Nordic, marking its first investment from the new Fund V. Existing investors Michael & Susan Dell Foundation and Unleash Capital also participated

WizCommerce Raises $8M to Rebuild the $10T Wholesale Market with AI

WizCommerce, the AI-native sales and ecommerce platform for wholesale distributors, has raised $8 million in Series A funding. The round was led by Peak XV Partners (formerly Sequoia India), with participation from Blume Ventures, Z47, and Alpha Wave. The funding will fuel WizCommerce’s continued expansion across the U.S.

Apple to Launch Foldable iPhone in 2026 with Touch ID and Quad-Camera Setup

According to Bloomberg, Apple is preparing a significant overhaul of its iPhone portfolio, with a foldable iPhone anticipated in 2026. Code-named V68, the device is said to include four cameras: two on the back, one within, and one on the front. It will open like a little tablet. Quad-Camera Setup

Stellaris-Backed BeepKart Shuts Operations Amid Funding Winter in India

The four-year journey that once promised to revolutionise India's pre-owned two-wheeler business has come to an end with the closure of Bengaluru-based Beepkart. According to a statement posted on the startup's website, BeepKart is still totally dedicated to helping its current clients. We appreciate your participation

Swasya Living Announces Expansion to Build Eco-Farmland Communities in Pondicherry, Lonavala, and Kanakapura

After establishing its flagship regenerative farmland community in Sakleshpur, Swasya Living has announced its plans to expand into three new locations: Pondicherry, Lonavala, and Kanakapura. The Bengaluru-based brand, which promotes eco-conscious living through integrated farmland and second-home projects, is set to roll out up to three parallel developments over the

PayNearby to Launch IPO in FY26, Eyes Growth in Digital Financial Services

According to reports, Mumbai-based fintech PayNearby intends to do an initial public offering (IPO) within the upcoming fiscal year in order to support its growth. Anand Kumar Bajaj, the CEO and managing director of PayNearby, told Reuters that the company is now choosing a merchant banker for the initial public

Daily Indian Funding Roundup & Key News - 22 August 2025: Goldiam Raises ₹202Cr, Gaming Giants Suspend Real-Money Games & More

It’s been a busy day in India’s business and startup ecosystem. From big-ticket funding rounds powering jewellery, EVs, and impact funds, to regulatory shake-ups forcing gaming giants to pause real-money operations, 22nd August 2025 has brought a mix of growth stories and major policy-driven shifts. Here’s a

OpenAI’s India Expansion: Strategy to Tap the World’s Second-Largest AI Market

Later this year, OpenAI, the parent company of ChatGPT, plans to create its first corporate office in India. The artificial intelligence company's official presence in a significant growing market will be established by the New Delhi office. In a statement released on 22 August, OpenAI announced that it

Dream11, Gameskraft, Zupee, MPL Suspend Real-Money Gaming Services Amid Industry Shake-Up

Shortly after the Indian government's online gaming bill was approved by both Houses of Parliament, India's leading real money gaming (RMG) companies, including Dream11 parent company Dream Sports, Gameskraft, Mobile Premier League (MPL), Zupee, and Nazara-backed PokerBaazi, started to stop holding money-related competitions and games on

Porsche to Cut Majority of Jobs at Battery Division, Says Union

In the most recent setback to Europe's attempts to gain market share in the electric vehicle industry, a union spokeswoman told AFP on 21 August that Porsche's battery manufacturing company would lay off the majority of its employees. According to IG Metall spokesman Kai Lamparter, the

Japan International Cooperation Agency (JICA) Announces Investment of $40 Mn in Aavishkaar Capital’s Global Supply Chain Support Fund to Boost Impact Investment Across Asia, Africa

Japan International Cooperation Agency (JICA) will invest $40 million in Aavishkaar Capital’s Global Supply Chain Support Fund. The move, announced at the TICAD 9 forum in Yokohama, aims to support small and medium enterprises in Asia and Africa.

Kairan Quazi: Meet the 16-Year-Old Bengali Prodigy Who Left Elon Musk’s SpaceX to Join Wall Street

After making headlines as SpaceX's youngest engineer, a 16-year-old youngster is now entering the banking industry. After joining SpaceX shortly after graduating with a degree in computer science and engineering at the age of 14, Kairan Quazi has chosen to accept a new position with Citadel Securities in

AI Can Fake Feelings. We Might Start Believing Them, Says Microsoft AI’s CEO Mustafa Suleyman

A study shows it only takes 5 days for a human to form a “therapeutic alliance” with a bot. But why? Learn more.

Simba Roars at the World Beer Awards 2025 with Global Recognition for Its Craft Beers

India’s pioneering craft beer brand takes home Silver and Bronze at the World Beer Awards 2025, cementing its place on the global stage.

Wipro to Acquire Harman Connected Services for $375 Million to Boost ER&D Capabilities

On August 21, Wipro, the Bengaluru-based IT business said that it would pay up to $375 million to Harman International Industries for a 100% stake in Harman Connected Services Inc. (DTS) and its subsidiaries, as well as some other assets. Subject to US antitrust clearances and other regulatory approvals, the

Axis Max Life’s Term Insurance Premium Calculator: Simplifying Benefit Insights

A term insurance policy is a popular way to provide a financial safety net to your loved ones in case of any unfortunate incident. People purchase a term plan to secure their family so that they do not have to face financial troubles in case they pass away during the

Daily Indian Funding Roundup & Key News - 21 August 2025: Mitra Secures ₹14Cr, Online Gaming Bill Passed & More

India’s startup and business ecosystem saw major developments on 21 August 2025, with fresh funding rounds boosting growth-stage ventures, Parliament passing a landmark bill to regulate online gaming, bike-taxis making a comeback in Bengaluru, and more. Here’s your quick roundup of the top funding deals and key business

AI Fiesta Hype: Are People Buying Into Dhruv Rathee’s New Startup?

The tool welcomed 20,000+ paying users in 36 hours, but still received comments like "Dhruv Rathee is back to scamming people again." Learn more.

CCPA Fines Rapido INR 10 Lakh for Misleading Advertisement

The Central Consumer Protection Authority (CCPA) has ordered Rapido (Roppen Transportation Services Pvt. Ltd.) to pay a penalty of INR 10 lakh for printing deceptive advertisements and engaging in unfair trade practices, in a move to defend consumer rights. Misleading ‘Auto in 5 Min’ Promotion Explained The Authority has additionally

Cisco Announces Major Layoffs Despite CEO’s Denial of AI-Related Job Cuts

Days after CEO Chuck Robbins publicly rejected the idea of laying off employees to make room for artificial intelligence, Cisco Systems announced a new wave of layoffs, removing 157 positions in California. The action has drawn legal attention, which has made the company's attempts to strike a balance

Meta’s AI Hiring Spree Hits the Brakes. Restructuring, Layoffs, What’s Going On?

Mark Zuckerberg, with 50 top AI minds from Google, OpenAI, and more, has cut all AI hiring for now. The question of layoffs still looms... Learn more

Elon Musk’s Starlink Ties Up with UIDAI to Enable Aadhaar-Based Customer Verification in India

According to an official announcement cited by news agency PTI, billionaire Elon Musk's satellite internet service business Starlink would use Aadhaar authentication to validate Indian consumers before onboarding them. Starlink has been given permission by the government to start providing satellite-based broadband services domestically. As per the release,