The latest from India's startup and technology ecosystem
Bengaluru-based Yuma Energy has secured $35 million in Series A funding from Magna International Inc. and acquired Grinntech to expand its battery-swapping network and enhance in-house technology in India.
JioHotstar has launched its streaming service in the UK, Canada, and Singapore, offering 160,000+ hours of content across 12+ Asian languages, marking its first international expansion.
New research introduces VakyArth, the first pragmatic benchmark for Indic languages (Hindi, Punjabi, Tamil, Malayalam) to evaluate LLM contextual understanding. Separately, SpeakPay demonstrates a 67.2% WER reduction for Nepali financial speech recognition, improving transaction success rate twenty-fold.
Shein completed its $1 billion IPO on the Hong Kong stock market, seeing its valuation adjust to $26.5 billion from nearly $100 billion in 2022 amidst new US and EU tariffs.
upGrad has acquired Unacademy for just over $200 million, a 94% drop from its 2021 peak valuation of $3.44 billion, marking a significant re-evaluation in the Indian edtech sector.
Sony Music and Warner Music have sued Anthropic, alleging its Claude AI models used copyrighted songs, lyrics, and sheet music for training and can reproduce them verbatim.
Pune-based deeptech firm Aeron Systems raised Rs 45 crore ($4.7 million) in a Pre-Series B round led by Riverwalk Holdings and MGF-Kavachh, targeting manufacturing, R&D, and international market expansion.
Google's new AI-first design suite, Google Pics, uses Gemini and Nano Banana models to enable prompt-based image creation for Workspace users, entering the creative software market against Canva and Adobe.
Bengaluru-based Yuma Energy secures $35 million in Series A funding from existing backer Magna International Inc. and acquires battery tech firm Grinntech to expand its battery-swapping network across India.
The NCLT has stayed Subhash Chandra's ₹6.25-crore repayment plan, with HDFC Bank and LICHFL intensifying legal action. This highlights rigorous debt recovery processes for Indian businesses.