5 Lakh Free ChatGPT Plus Accounts: India Becomes AI’s Biggest Classroom

OpenAI launches its biggest learning programs in India, offering about 5 lakh free accounts to teachers. Will this help students change their 'ratta maar' practice? Learn more.

TikTok Layoffs 2025: Hundreds of UK Jobs Cut Amid Global Restructuring and AI Shift

The Wall Street Journal report, which cited internal sources, claims that TikTok has started a new round of layoffs that would impact workers in the UK as the company works towards artificial intelligence to automate content filtering.  The activities of TikTok in South and Southeast Asia will also be impacted

Kalviro Ventures: Redefining Wealth Management with PMS & AIF Excellence

India is at a turning point in its wealth story. As entrepreneurs, professionals, and family offices achieve new levels of financial success, the way they approach investments is also evolving. No longer satisfied with the familiar comfort of equities, gold, or mutual funds, the country’s emerging affluent are seeking

16% Early-Festive Surge Signals Strong Quarter for D2C: GoKwik

Indian shoppers are ringing in the festive season early this year, and it’s already showing up in the numbers. According to e-commerce enabler GoKwik, order volumes for D2C brands on its platform jumped 16% YoY in the pre-festive period, pointing to a strong quarter ahead.

RBI Ready to Support Tariff-Hit Sectors, Says Governor Malhotra

In the event that US President Donald Trump's tariffs take effect, the Reserve Bank of India (RBI), as it has in the past, will intervene and offer financial assistance to the most severely affected industries to help them weather the storm, RBI Governor Sanjay Malhotra stated in Mumbai

Elon Musk’s xAI and X File Lawsuit Against Apple and OpenAI in Texas Over AI Competition and Rankings

Apple and OpenAI were sued on 25 August in a U.S. federal court in Texas by Elon Musk's AI startup xAI and his social network business X. They allegedly accused Apple and OpenAI of illegally collaborating to stifle competition in the field of artificial intelligence. Allegations of

Daily Indian Funding Roundup & Key News - 25 August 2025: Palmonas Raises ₹55Cr, Kiwi Secures $24M, OYO Eyes $7-8 Bn IPO & More

On 25 August 2025, India’s startup and business ecosystem witnessed a flurry of activity across funding, IPO filings, and strategic expansions. From space-tech innovations to fintech, B2B SaaS, and molecular diagnostics, startups raised significant capital to scale operations, while established companies like OYO and Molbio Diagnostics took steps towards

Coinbase CEO Says Bitcoin Can Reach $1M. Far-Fetched Dream or Future Reality?

Governments backing Bitcoin and easing regulations are making Bitcoin a less risky investment, but will that be enough to go from $111K to $1M by 2030? Learn more.

Palmonas, Co-Founded by Shraddha Kapoor Secures ₹55 Cr Series A from Vertex Ventures SEA & India

India’s Leading Demi-Fine Jewellery Brand Sets Sights on 100 New Stores and Global Expansion

Uber CEO Khosrowshahi Says Rapido Surpasses Ola as Biggest Rival in India

According to Uber CEO Dara Khosrowshahi, Rapido has surpassed Ola in the category and is now the company's fiercest rival in India. "Ola used to be our biggest rival. Rapido is, in my opinion, the more formidable rival in India right now. They aggressively entered the two-wheeler

Bank of India Declares Anil Ambani and Reliance Communications as Fraud Accounts After SBI

In a regulatory filing, Bank of India, following State Bank of India, designated Reliance Communications' loan account as fraudulent and named its former director, Anil Ambani, on the basis of alleged fund diversion in 2016. Ambani retaliated against the Bank of India, claiming that its actions were biased and

“Your Phone Is Outdated”: Sam Altman Wants AI to Be Your New Companion

OpenAI's CEO, Sam Altman, says we are building hardware that does everything for you. But this new AI is a cutting-edge tech, or putting data and privacy on the edge? Learn more.

SMBC Secures RBI Nod to Acquire 24.99% Stake in Yes Bank

The Reserve Bank of India (RBI) has approved a plan by Japanese lender Sumitomo Mitsui Banking Corporation to purchase up to 24.99% of the private sector lender, Yes Bank announced on 23 August. In the biggest cross-border investment in the Indian banking industry, the Japanese lender declared in May

Just Months After Promotion, OpenAI’s Chief People Officer Quits the Company

In the heat of the AI race and $40 billion fundraising, OpenAI loses its high-profile employee, Julia Villagra (Chief People Officer). Learn more...

Harajuku Tokyo Café Raises $2 Mn in Seed Funding to Expand Footprint Across India

Harajuku Tokyo Café, India's fastest-growing authentic Japanese casual dining and QSR chain, today announced the successful completion of its first institutional funding round, raising ₹19 crores in a structured investment. The round was led by Indian Angel Network (IAN), one of India's largest angel investment platforms,

Wastelink raises INR 27 Cr from Avaana Capital to strengthen India’s animal feed supply chain with sustainable upcycled nutrition

Wastelink, a pioneer in technology-led food upcycling, is solving one of the animal feed industry’s most persistent challenges: volatile supply and unstable prices. By transforming food surplus into standardized, high-quality feed ingredients, Wastelink, a brand of Forplanet Ingredients, delivers the nutrient consistency and supply security needed to build resilience

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