India’s startup and tech ecosystem saw a mix of funding activity, IPO filings, and major product announcements today. From jewellery brand Goyaz securing fresh Series A capital to fintech major Pine Labs and logistics player Shadowfax gearing up for their IPOs, and Lenskart revealing plans for AI-powered smart glasses
Indian-origin CEO Bankim Brahmbhatt is suspected of fabricating emails, invoices, and assets to secure loans from HPS Investment Partners and...
Plans to Raise ₹1,000 Crore via Fresh Issue and ₹1,000 Crore through Offer for Sale Shadowfax Technologies Limited (“Shadowfax” or “the Company”), a technology-driven third-party logistics (3PL) company, has filed its Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI) to raise up
Receives Additional $3 Million Grant under GCF’s BEACON INDIA Programme to Support Early-Stage Climate Ventures Tata Capital Limited (TCL), the flagship financial services arm of the Tata Group, has announced its partnership with the Green Climate Fund (GCF) under the newly approved BEACON INDIA Programme, aimed at supporting early-stage
According to reports, Apple is getting ready to include Google's Gemini AI model into a redesigned Siri, marking a rare partnership between two of the tech industry's most competitive rivals. This is a surprising turn in the AI arms race. The new Siri, which is a
In a move set to accelerate growth and innovation in India’s $380 billion logistics industry, the Poonawalla Group, led by Yohan and Michelle Poonawalla, along with their associate partners, has announced a strategic investment in Macron Group, a diversified enterprise specialising in integrated supply chain solutions, record management, and
According to persons familiar with the situation, eyewear giant Lenskart is preparing to introduce its first pair of AI-powered smart glasses by the end of December, establishing itself as a technology-led lifestyle brand. Called "B by Lenskart Smartglasses" internally, the future gadget is anticipated to incorporate UPI payment
In a significant commercial move, Allcargo Logistics Limited, the top provider of integrated logistics solutions in India, has successfully demerged its International Supply Chain (ISC) division into Allcargo Global Limited, a new publicly traded company, with effect from November 1, 2025. The action comes after an October 10, 2025, order
As part of a money laundering investigation into his group firms, the Enforcement Directorate (ED) has seized assets connected to Reliance Group Chairman Anil Ambani valued at over INR 3,000 crore, according to government sources on Monday, November 3, 2025. In addition to other residential and commercial assets owned
In order to raise INR 2,080 crore through a new share issuance, fintech company Pine Labs is preparing to make its initial public offering (IPO) on November 7. On November 11, the company's first public offering will come to an end. The red herring prospectus (RHP) states
Weeks after concluding a $450 million investment round, the quick commerce platform Zepto has lowered the minimum order amount to INR 99 for free delivery and eliminated the handling fee and surge charge that are assessed to its customers for each order. The company is promoting "zero handling fee&
In a 31 October podcast, CEO Satya Nadella informed investor Brad Gerstner that Microsoft will once again increase its workforce. The staff of the software company remained steady throughout the fiscal year 2025, which concluded in June. It was 228,000, but several rounds of layoffs reduced that figure by
According to data from Layoffs.fyi, the IT industry's major layoff wave has gotten worse in 2025, with over 1,000,000 workers losing their employment at 218 organisations so far. After years of overexpansion during the pandemic, tech firms from Bengaluru to Silicon Valley are reducing workers
With its AI-generated app Sora, OpenAI will begin charging users to produce further videos. This adjustment has been implemented for all users who surpass the free daily limit, according to a statement made by Sora head Bill Peebles on X. When more people join the platform in the future, the
In collaboration with US chipmaker Nvidia, Samsung has revealed plans to build a next-generation artificial intelligence (AI) "megafactory". Focus Taiwan reported on the venture, which was unveiled on 31 October and intends to incorporate AI into Samsung's whole semiconductor manufacturing ecosystem. Samsung claims that the platform,
With unprecedented iPhone sales in the second-largest smartphone market in the world, where demand for high-end devices is setting new records, Apple earned its highest-ever quarterly revenue in India in the three months ending in September. In India, Apple saw consistent, strong demand for the iPhone, particularly during the quarter&
On 31 October, Hindustan Unilever disclosed that company has received a sizable tax notice totalling INR 1986 crore. The UK-based company's Indian division claimed that the Income Tax Department had questioned certain of its tax-related depreciation claims and contested the valuation of several related-party transactions. The business, which
India’s startup ecosystem wrapped up October with major funding and IPO action. Fintech major Snapmint led the day with a $125 Mn Series B, followed by Pluro Fertility, Goyaz, and Jupiter securing growth capital. Meanwhile, PhysicsWallah announced plans for a INR 3,820 Cr IPO, and Lenskart raised INR
According to reports, WhatsApp is introducing passkey support to enable users to recover their encrypted end-to-end chat backups from compatible cloud providers. The functionality enables users to unlock their backups using biometric techniques, including fingerprint, facial recognition, or the screen lock code from their prior device, according to a TechCrunch
The competition for food delivery in India is intensifying once again, and the results of this quarter highlight the disparity more than before. Rival Zomato (Eternal) is booming with record revenues, while Swiggy continues to report growing losses despite robust revenue growth. Fast commerce platform and food delivery On October
The founders, Alakh Pandey and Prateek Maheshwari, are to sell their shares worth INR 720 crore. Here's how the funds...
As the US automaker revives a plant it closed four years ago, Ford Motor Company intends to invest roughly INR 3,250 crore ($370 million) in India to produce new engines, according to a report by Bloomberg. According to a source who asked not to be identified because the plans
Under the leadership of Adesh Kumar Tyagi, Tryfacta Inc., a US-based AI-driven staffing and technology solutions firm, is preparing to file draft papers for an Initial Public Offering (IPO) aimed at raising between $100 and $150 million on the Gujarat International Finance Tec-City (GIFT City) exchange. The filing is expected
The pre-seed round led by Momentum Capital will accelerate Beyond Renewables’ plan to build India’s first large-scale solar waste recycling ecosystem through its proprietary 95% recovery technology, and scale partnerships to tackle the country’s growing 1.2 million-ton solar waste challenge.