In this exclusive interaction with StartupTalky, Gaurav Shisodia, VP & Country Manager of Payoneer India, shares insights on the resilience and growth of India’s services exports amid global uncertainty. He highlights key drivers such as the country’s large digital talent pool, strong infrastructure, and dependable delivery for international
Goodness Group Global Pty Ltd (GGG), an Australian health-focused beverage firm, was acquired by Reliance Consumer Products Limited (RCPL), the FMCG division of Reliance Industries, on 7 February. This acquisition further establishes RCPL as a major player in the international health beverage industry and ushers it into the Australian consumer
Business identity theft is no longer limited to individual fraud. Companies now face risks such as account takeovers, fake supplier profiles, payroll fraud, synthetic identities, and large-scale data breaches. This is why business identity theft protection tools have become essential for modern organisations. These platforms help companies protect digital identities,
In a recent announcement, Mahindra Group detailed their plans to invest INR 15,000 crore over 10 years to build their largest integrated manufacturing complex in Nagpur. The project will produce automobiles and tractors. When fully operational, the factory can produce 500,000 automobiles and 100,000 tractors. In 2028,
Startup funding activity in India on 6 February 2026 featured notable traction in consumer wellness, beauty tech, and artisanal goods. Delhi‑based wellness startup Wholeleaf clinched a ₹1.5 crore investment deal on Shark Tank India, while celebrity‑backed beauty tech brand House of EM5 closed an angel funding round.
Gold and silver prices in India closed lower on February 6, 2026, amid heightened volatility and profit-booking pressure. Gold held relatively firm above ₹1.52 lakh per 10 grams on MCX but edged down, while silver extended losses with a sharp 6% crash on MCX futures. A stronger US dollar
Fi Money, a once-celebrated star in India's neo-banking firmament, is undertaking a significant strategic pivot, moving away from its consumer-facing financial products to focus on a B2B model centered on Artificial Intelligence. The move, announced by co-founder and CEO Sujith Narayanan in a recent LinkedIn post, comes amid
In 2026, cloud data integration is no longer just an IT function, it has become core enterprise infrastructure. As organisations operate across multi-cloud, hybrid, and on‑premise environments, data is increasingly fragmented across SaaS platforms, internal systems, data warehouses, and operational applications. Without a strong integration architecture, this data remains
In its ongoing multi-year campaign to reduce its employment, Wells Fargo has announced yet another wave of layoffs. Hence, bringing the total number of employees expected to lose their jobs in 2026 to over 100. According to the Des Moines Register, the lender has informed 49 employees of their impending
By April of 2027, Exchange Web Services (EWS) in Exchange Online will be permanently discontinued by Microsoft. Consequently, the transition from older email integration systems to the more modern Microsoft Graph platform is progressing at a faster pace. The Exchange Team said in a blog post dated 5 February that
Edtech company PhysicsWallah reported a strong set of financial results for the third quarter of FY26, showing solid growth in both revenue and profitability. The Noida-based education platform, which went public in November 2025, continues to strengthen its position in India’s competitive online and offline education market. For the
Bharat Taxi, India's first ride-hailing platform supported by the government, was inaugurated by Union minister Amit Shah. The platform is based on the idea of shared ownership. At the 5 February launch ceremony in Delhi NCR, Shah stated that the platform's primary objective is to provide
Shares of leading cigarette makers ITC Ltd and Godfrey Phillips India rose sharply on Thursday after a brutal start to 2026, as investors returned to tobacco stocks following last month’s heavy sell-off triggered by new cigarette taxes. The rebound comes after January saw one of the worst months for
Face recognition software created with the help of artificial intelligence utilizes advanced algorithms to detect, analyze, and recognize human faces within video frames or digital images by extracting discriminative facial features and creating mathematical representations known as facial signatures. Face recognition systems typically operate through a series of steps: face
Ghazal Alagh, Co-founder of Mamaearth and Chief Mama at Honasa Consumer, has delivered a sharp message to India’s startup ecosystem, urging early-stage founders to stop chasing quick exits and start building long-term businesses. In a LinkedIn post shared on Thursday, Alagh addressed what she described as a growing obsession
Myntra, a leading fashion e-commerce company, is consolidating its operations and laying off workers. The goal of the exercise is to relocate its satellite operations from Gurugram to Bengaluru. While some positions will be eliminated, others will be consolidated into bigger teams centred in Bengaluru. Fifty people from the supplier
Union Home and Cooperation Minister Amit Shah officially launched Bharat Taxi on Thursday, February 5, 2026, marking a significant shift in India's burgeoning ride-hailing industry. Positioned as the nation's first cooperative-based platform, Bharat Taxi aims to empower drivers by transforming them into co-owners, thereby challenging the
Adding to the recent spate of layoffs in the US tech and telecom industries, T-Mobile is planning to terminate the employment of approximately 400 workers in the state of Washington. According to local broadcaster KING 5, state filings reveal that the corporation intends to permanently eliminate 393 positions across various
Nutrify Today, the global catalyst for the nutraceutical industry, has premiered a landmark feature in its documentary series, Legends of Lifesciences, featuring Rajeev Juneja, Vice Chairman and Managing Director of Mankind Pharma. The documentary offers a rare, high-level perspective on the evolution of Indian healthcare, chronicling Juneja’s journey from
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
Starting a business often feels like an impossible dream for many. The common belief is that finance businesses demand vast amounts of money, making them exclusive to those with family wealth or large funding. However, this view overlooks a simple truth: finance is about more than just lending money. For
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
- 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
Jio BlackRock Investment Advisers Private Limited (JioBlackRock Investment Advisers), a 50:50 joint venture between Jio Financial Services Limited (“JFSL”) [BSE, NSE: JIOFIN] and BlackRock Inc. [NYSE: BLK], has launched JioBlackRock Personalised Investment Advice. This digital advisory platform aims to transform Indians from savers to informed investors through guided advice
The Poonawallas bet high on Biodegradable Packaging, the Sector projected to reach USD 31.1 billion by 2033 In a powerful step towards advancing sustainable innovation, billionaire industrialists and philanthropists Yohan and Michelle Poonawalla have announced their investment in Regeno, a next-generation material science company creating fully biodegradable, water-soluble, and
Gold and silver prices in India ended Tuesday’s trading session on a mixed note, reflecting a day of sharp intraday swings and cautious positioning across bullion markets. Gold recovered from early weakness to close marginally higher, supported by global price stabilisation and late-session buying, while silver continued to face
A strategic alliance to create an integrated ecosystem in India for the manufacturing of helicopters was launched on 3 February by the Adani Group and the Italian major Leonardo. This will greatly assist the 'Make in India' initiatives and the goal of increasing India's self-sufficiency. Increasing
Prime Minister Narendra Modi and US President Trump, have given the electronics industry hope for more stable policies. Although the specifics of the long-awaited trade agreement between the two countries are still murky, as are its effects on tariffs imposed on some industries. According to Trump, he and Modi have
On February 3, the Supreme Court strongly cautioned Meta Platforms, a multinational technology corporation, and its messaging service WhatsApp. SC stated that, according to WhatsApp's privacy policy for 2021, they are not permitted to disclose user data for advertising reasons. Meta was informed that the continuation of the
Loop AI, the enterprise-grade AI platform purpose-built for the restaurant and retail back office, today announced its $14M Series A funding round. The round was led by Nyca Partners with participation from prominent investors Gokul Rajaram, Base10, Afore Capital, Converge, Alumni Ventures, Data Tech Fund, John Pepper, 9Yards Capital and
Indian fintech company One MobiKwik Systems has posted a notable turnaround in its financial performance for the third quarter of the 2025-26 financial year (Q3 FY26). After years of losses, the digital payments platform recorded a net profit of ₹4.05 crore, driven by increased revenue and tighter cost management.
Talks are underway between the promoters of mid-sized competitor Mastek and IT giant Zensar Technologies to purchase an 18% to 20% share. Although negotiations have not yet concluded, the value of the potential acquisition is believed to be more than $200 million and may perhaps reach $400 million. The long-planned
Waaree Energies led a surge in Indian renewable energy shares today, climbing over 13% amid excitement over a fresh India-US trade pact. This agreement, revealed by US President Donald Trump after discussions with PM Narendra Modi, slashes tariffs and opens doors for green exports. Waaree Energies, Suzlon Surge on Tariff