The latest from India's startup and technology ecosystem
NPCI reported a 32% profit drop in FY26 despite 22% revenue growth to Rs 4,240 crore, driven by marketing costs. The company announced Unified Ticketing and RuPay's international expansion to the US and UAE at GFF 2026, alongside Instant Card-Issuing ATMs and an AI push.
Ireland's Coimisiún na Meán has opened a formal investigation into X's child access and parental control measures, two years after the platform launched with a focus on revenue-sharing for original content. The inquiry highlights the growing regulatory challenges for content-driven platforms.
Mitti Labs, an Indian climate tech startup, signs a four-year deal to supply 1 million carbon credits to Google, following its $9.5 million Series A funding for water-efficient rice cultivation.
SUGAR Cosmetics secured ₹145 crore from A91 Partners at a Rs 755 crore valuation, an 80% drop from its 2022 peak. Founder Vineeta Singh reportedly paid salaries personally due to aggressive offline expansion outrunning revenue.
Anthropic faces a senior safety researcher's warning about AI risks, class action lawsuits over subscriptions, token theft, and ongoing IP disputes as its $2 trillion IPO approaches.
DigitalPaani, an AI-powered water infrastructure platform, has secured Rs 22 crore in a funding round led by Navam Capital, with co-investors including 3one4 Capital. The capital will fuel expansion into industrial and municipal water management sectors.
Jio introduces new RCS business messaging rates for iPhone users in India while reaffirming its September 2027 target for a 1,600-satellite LEO network test launch, signaling a dual strategy for immediate monetization and future infrastructure.
QNu Labs, an IIT Madras incubated deep-tech cybersecurity startup, raised ₹200 crore in Series A1 funding, co-led by the National Quantum Mission and Speciale Invest, with revenue growing 64% in FY2025.
Skoda Volkswagen India and JSW Group sign an MoU for an EV joint venture, targeting local manufacturing and sourcing, following Volkswagen's global layoffs and competitive pressure from Chinese EV makers.
JLR's decision to cut 4,000 jobs and save £1.7 billion reflects pressures from Chinese EV competition, US tariffs, and cyberattacks. We explore the implications for Indian tech and automotive startups.