Alibaba’s Qwen Hits 10 Million Downloads in a Week: Stock up 5%..
Alibaba’s big AI comeback is driving strong attention after Qwen relaunch, and suddenly investors are betting on it for...
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Who Will Control India’s 6GHz Spectrum? Jio, Vodafone, Airtel vs Apple, Amazon, Meta, Intel
Jio asks the government to put the entire 1200 MHz in auction, but Meta, Apple, Intel and others oppose, saying ‘not ready for mobile yet.’
TotalEnergies to Divest 6% Holding in Adani Green Energy Amid Strategy Shift
According to many media sources, TotalEnergies is getting ready to sell up to 6% of Adani Green Energy (AGEL). Through two companies, TotalEnergies Renewables Indian Ocean Ltd (15.58%) and TotalEnergies Solar Wind Indian Ocean Ltd (3.41%), the French energy giant presently owns nearly 19% of the Adani Group&
TCS Faces Setback as US Appeals Court Confirms $194 Million Penalty
According to Tata Consultancy Services (TCS), the biggest provider of IT services in India, a U.S. court ruled against it in the case involving DXC Technology Company (now Computer Sciences Corporation) on November 21. TCS was fined $194 million by a US District Court last year for allegedly stealing
Wealthy Secures INR 130 Crore in Funding Led by Bertelsmann India Investments to Scale its AI-Powered Platform for Mutual Fund Distributors
* The company will use this capital to further invest in technology, expand into Tier 2 and Tier 3 geographies, onboard 50,000 distributors, and achieve INR 1 lakh crore in AUM. * Wealthy combines human trust with AI-powered technology to help independent professionals become sophisticated wealth entrepreneurs, making wealth management scalable,
US Energy Giant Fluence Eyes India for Battery Energy Storage System Manufacturing Base
In an interview to a media outlet, senior vice-president and president of US operations John Zahurancik stated that Fluence Energy, a provider of energy storage technology and services, is getting ready to turn India into a critical manufacturing and export base as it diversifies its global supply chain. The action
Magicpin Partners With Rapido to Take On Zomato, Swiggy’s Food Delivery Dominance
According to a report by PTI, Magicpin and Rapido have teamed up to challenge the duopoly of Zomato and Swiggy. The third-largest food delivery service in the nation will connect its nationwide restaurant network to Ownly, a platform owned by Rapido. The collaboration will allow Rapido, which debuted Ownly in
Amazon Layoffs: Nearly 40% of Job Cuts Fall on Engineering Despite Big AI Push
The IT sector is still feeling the effects of Amazon's largest layoffs in its history. The people who seem to be suffering the most are engineers. Nearly 40% of the 4,700 verified job layoffs in places including New York, California, New Jersey, and Washington involve engineering positions,
US Court Orders Byju’s Founder Byju Raveendran to Pay Over $1 Billion in Major Legal Setback
In a significant legal decision, a US bankruptcy court in Delaware has entered a default judgement against Byju Raveendran, founder of the ed-tech firm Byju’s, ordering him to pay more than $1.07 billion. The ruling comes after the court found that Mr Raveendran repeatedly failed to comply with
Spacetech pioneer Agnikul Cosmos raises US$17 million round at over half-a-billion dollar valuation
Agnikul Cosmos, India’s pioneering space-tech company building the world’s first single-piece 3D-printed rocket engines and end to end space transportation solutions, today announced that it has raised ~₹150 crore (US$17 million) in a fresh funding round at a $500 million valuation. The round saw participation from family
Daily Indian Funding Roundup & Key News – 21st November 2025: Ultrahuman Raises INR 100 Cr, Redrob Secures $10 Mn, Groww Reports Profit & More
The 21st November 2025 edition brings a strong mix of funding announcements and key business developments from India’s evolving startup landscape. Health-tech, AI, semiconductor, and insurtech sectors led the day’s investment momentum, with Ultrahuman raising INR 100 crore in venture debt, Redrob securing $10 million in Series A,
Groww Reports INR 471 Crore Profit in Q2, Revenue Declines Nearly 10% YoY
Billionbrains Garage Ventures, the parent of online investment platform Groww, has reported a net profit of INR 471.33 crore for the quarter ended September 2025, up about 12 % from INR 420.16 crore in the same period a year ago. However, its revenue from operations fell by around 9.
Zoho’s Sridhar Vembu Faces Backlash Over Advice for Young Entrepreneurs to Marry in Their 20s
Zoho’s Sridhar Vembu sparked a debate after advising young entrepreneurs to marry and have children in their 20s. Namita Thapar reacted strongly, urging business leaders to focus on real issues like women’s health, workforce participation, and the challenges women face in the startup ecosystem.
ED Attaches INR 1,452 Crore of Fresh Assets Linked to Anil Ambani Amid Fraud Probe
India’s financial crime agency, the Enforcement Directorate (ED), has attached immovable assets worth INR 1,452 crore in connection with a money-laundering and loan-fraud investigation involving industrialist Anil Ambani and his associated group companies. With this latest action, the total value of properties provisionally attached in the case has
Semiconductor Startup Sophrosyne Technologies Raises $2Mn in Seed round from Bluehill.VC
Bengaluru-based semiconductor startup Sophrosyne Technologies has raised $2M in seed round, fully subscribed by Bluehill.VC. The funding will accelerate Sophrosyne’s transition from prototype silicon to full-scale development and global OEM engagement. It will also fuel expansion across silicon design, firmware development, and early customer deployments in India and
Daily Indian Funding Roundup & Key News – 20th November 2025: Tractor Junction Raises $22 Mn, Pidge Secures INR 120 Cr, PhysicsWallah IPO Soars & More
Stay updated with the latest developments in India’s startup and business ecosystem. The 20th November 2025 roundup captures major funding announcements across agri-tech, fintech, logistics, AI, and emerging tech, alongside key business updates from leading platforms like Zomato and Zepto. Highlights include Agraga raising INR 100 Cr to strengthen
Zepto Tests Super Mall for Premium Orders and Introduces Diagnostics Service
Zepto, a rapid commerce (qcom) platform, has begun trial testing two additional products in an effort to diversify its offerings and break into new markets. It is now trialling Super Mall, a new vertical for high-value and luxury products, and Zepto Diagnostics, an in-app diagnostics solution within its pharma sector.
Medical Device Makers Get Relief as Government Removes QCOs on Crucial Inputs
The industry is greatly relieved that the Indian government has revoked a number of Quality Control Orders (QCOs) pertaining to essential inputs used in the production of medical devices. Manufacturers who had trouble obtaining necessary materials like polypropylene and polycarbonate stand to gain the most from this action. Long-standing industry
Zomato Updates Policy, Will Now Share Customer Information with Restaurants
Zomato has consented to share customers' phone numbers with restaurants after obtaining users' approval, which is a victory for the restaurant business, according to the National Restaurant Association of India (NRAI). Zomato and Swiggy, two meal delivery services, have been at odds with the restaurant industry over their
Kotak & Federal Bank Eye Deutsche Bank’s Indian Retail Business: What’s Next?
Deutsche Bank is exiting its retail business in India despite profitability. It's selling its Retail business, Portfolio and Wealth management...
Thimblerr Raises $1.4 Million in Bridge Round with Participation from Inflection Point Ventures and Others
* The round also saw participation from 3one4 Capital, Mount Judi Ventures, Venture Catalysts and We Founder Circle * Thimblerr is a full-stack supply chain platform that offers fashion products and tech-enabled manufacturing services, seamlessly taking ideas from concept to delivery. * The funding will be deployed towards customer acquisition, diversifying into new
CtrlB Raises $2.5 Million Seed Round Funding Led by Chiratae Ventures to Transform High Scale Observability
With this latest funding round, CtrlB will scale its unified diskless data lake platform and deepen its presence across India and the United States.
Luma Ai Raises $900 Million Series C Led By Humain And Partners On 2 Gigawatt Ai Supercluster In Saudi Arabia
Luma AI, the frontier artificial intelligence company building multimodal AGI, today announced it has raised $900 million in Series C funding, led by HUMAIN, a PIF company delivering global full-stack AI solutions, with significant participation from AMD Ventures, and existing investors Andreessen Horowitz, Amplify Partners, and Matrix Partners. This Series
Daily Indian Funding Roundup & Key News – 19th November 2025: Tractor Junction Raises $22 Mn, Pidge Secures INR 120 Cr, PhysicsWallah IPO Soars & More
Stay updated with the latest developments across India’s startup and business ecosystem. The 19th November 2025 roundup captures major funding announcements in rural mobility, logistics, construction-tech, and voice AI, along with key corporate updates from global giants like Apple and milestone market performances such as the PhysicsWallah IPO. Here’