* Drip Capital’s total debt funding raised to date exceeds $500 million, supported by global partners including Barclays, World Bank’s International Finance Corporation (IFC), and East West Bank * The latest round of funding, led by Toronto-Dominion Bank, strengthens Drip Capital’s global platform for small and mid-sized businesses (SMBs)
Sam Altman, the CEO of OpenAI, announced on 30 October a bold trillion-dollar plan to significantly grow the company's artificial intelligence infrastructure, marking a significant change from a research-focused organisation to a major commercial force. Altman declared that OpenAI intends to construct roughly 30 gigawatts of computer capacity
On 29 October, General Motors (GM) declared its intention to reduce the manufacture of batteries and electric vehicles in the United States. In response to a slowdown in demand for battery cars, it plans to lay off 1,200 employees at its EV facility in Detroit and 550 at a
According to various media reports, US retailer Target Corporation is letting off roughly 150 workers from its global capabilities centre (GCC) in India. The action is a component of the company's broader worldwide restructuring, which also includes the largest personnel decrease in ten years: 1,800 corporate job
Capital Small Finance Bank's Q2FY26 Gross Advances rise 17.7% Y-o-Y to ₹7,907 crore; Deposits up 19.8% Y-o-Y to ₹9,317 crore; Profit After Tax at ₹35 crore.
PointAI (previously known as Try ND Buy), a leading deep-tech company specialising in Artificial Intelligence (AI) and Computer Vision, has raised INR 47 crore in a Pre-Series A funding round led by Yali Capital, Lip-Bu Tan (Chairman, Walden International), and Tremis Capital. The company recently underwent a strategic rebrand from
Vijya Fintech, the parent company of flagship wealth-tech platform MIDASX, has announced the successful closure of its INR 12 crore Seed Round, marking a major milestone in its mission to build India’s first open-architecture, AI-driven B2B2C multi-asset marketplace. With this round, the company’s total funding has reached INR
A top official of the Korean electronics giant announced on 29 October that Mahindra & Mahindra and Samsung had partnered to create digital keys for electric SUVs that are integrated with Samsung Wallet, doing away with the need for physical keys. While Samsung Wallet supports the digital keys feature of
India’s startup ecosystem remained vibrant on 29th October 2025, witnessing a diverse set of fundraises across AI, fintech, agritech, and consumer brands. From Mem0’s $24 million round in the AI infrastructure space to Fambo’s Series A boost in agrifood supply, the day highlighted strong investor confidence in
The chief executive of India's Akasa Air stated on 29 October that the airline intends to resume hiring pilots in the second half of next year with the goal of becoming public within the next two to five years. Making a loss Due to delayed deliveries from Boeing,
With a strong rally that has solidified its position at the forefront of the artificial intelligence boom, Nvidia was poised to make history on 29 October by becoming the first business to reach $5 trillion in market value. After CEO Jensen Huang revealed plans to create seven supercomputers for the
According to various media reports, engineering powerhouse Larsen & Toubro (L&T) is considering entering the electronics manufacturing services (EMS) market and has already begun talks with the Tamil Nadu government for roughly 200 acres of property close to Chennai. Following in Tata's footsteps, the $17 billion
* Fambo raises INR 21.55 Cr Series A from AgriSURE Fund (Managed by its Investment Manager NABVENTURES Limited) and EV2 Ventures * Funding to drive expansion, product innovation, team growth, and technology upgrades * Serves 1,000+ restaurants and cloud kitchens, including McDonald’s, Burger King, Burger Singh, and Barbeque Nation Noida-based
Amazon has announced it will cut about 14,000 corporate roles globally, in a restructuring the company says is designed to simplify operations and redirect resources toward priority areas such as artificial intelligence (AI). The move was confirmed in an internal message shared by Amazon executives and in company statements
Indian eyewear retailer Lenskart has secured an investment of INR 100 crore from SBI Mutual Fund in a pre-IPO transaction. The investment comes via SBI’s Alternative Investment Funds (AIFs), namely the SBI Optimal Equity Fund and SBI Emergent Fund. Transaction specifics * The INR 100 crore investment was made at
Imagine Marketing Limited, the parent company of consumer electronics brand boAt, has filed its Updated Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI). The filing marks a key step towards its proposed INR 1,500 crore initial public offering (IPO). The proposed issue includes
Kickstarting in Bengaluru, Snitch eyes Delhi, Mumbai, and Hyderabad next, with a pan-India rollout planned by 2026.
Investment led by Fireside Ventures to drive product innovation and expansion across emerging consumption hubs In a bid to capture the vast potential of India’s confectionery market, long dominated by multinational giants and unorganised regional players, Raje Suneet Jain, a seasoned sales and marketing professional, and Prashant Manral, an
* Funds raised will be used for future growth, marketing & supporting the acquisition of Teleport * SMV recently acquired Kunal Shah-backed Teleport to grow its operations in South India * The fund raise also comes on the back of critical milestones achieved by the company, with a 4X growth in revenues and
Azent Overseas Education, one of India’s leading study abroad platforms, is set to host a UK Admissions Day on October 29, 2025, at its Hyderabad Center. The event will bring together representatives from renowned UK universities — Ulster University Belfast, University of Wolverhampton, Edinburgh Napier University, and St. Mary’s
India’s startup scene stayed active on 28th October 2025, with fresh funding across fintech, AI, and edtech. Optimo Capital led the day’s deals, followed by Smallest.ai and Cybrilla. Meanwhile, OpenAI announced free ChatGPT Go access for Indian users, and Amazon revealed plans for major corporate layoffs. Daily
After a majority of trustees voted against his reappointment to the boards of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, Mehli Mistry, a close friend of Ratan Tata, is leaving Tata Trusts. Mistry will resign from the Tata Trusts' governing boards after three of the
On 28 October, OpenAI declared that starting on November 4, ChatGPT Go will be free for a year for all Indian users. The package, which now costs INR 399 a month, will be made available as part of a temporary promotion that takes place in conjunction with the company'
In its fourth update, released 28 October's morning, the Multi Commodity Exchange (MCX) advised market players that a technical problem has delayed the start of trade. Although it did not provide a new start time, the exchange stated that trading would start from its Disaster Recovery (DR) site.