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AI firm Krutrim lays off nearly half of its workforce

Startups

Bhavish Aggarwal's Krutrim has reportedly cut 20 to 25 jobs, affecting product and engineering teams. This marks the second round of layoffs this year for the AI unicorn, which previously reduced its sales and operations staff. Despite these cuts and previous restructuring, the company reported a 3X revenue increase to Rs 300 crore in FY26 and its first annual net profit, maintaining a margin over 10%.

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Meta summoned after PM Modi post removed; govt rejects glitch explanation

Startups

The Indian government summoned Meta's global head of public policy after the company erroneously removed a post by Prime Minister Narendra Modi regarding paper leaks. While Meta attributed the removal to an automated filter glitch, officials found the explanation insufficient. This incident occurs amid broader regulatory scrutiny of Meta in India, including concerns over WhatsApp features, Instagram advertisements, and AI tools, as the government emphasizes platform accountability.

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Flipkart's supply chain arm Ekart opens logistics network to external brands

Startups

"Ekart, the logistics arm of Flipkart Group, is opening its pan-India network to external businesses, including MSMEs, D2C brands, and FMCG companies. Through a new franchise model and expanded warehousing, Ekart aims to reach 1,000 outlets by 2026. External partners will gain access to dedicated fulfillment centers and AI-powered technology for shipment tracking and demand forecasting, enabling them to scale operations and reduce delivery turnaround times.".

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Antler India bets on AI, climate tech, and deeptech with new startup cohort

Startups

VC firm Antler India has unveiled nine early-stage startups across sectors including AI, climate technology, mobility, and healthtech. This new cohort emphasizes a shift toward solving complex industrial and infrastructure challenges over traditional consumer internet models. Featuring innovations like autonomous cargo aircraft and long-duration batteries, the startups reflect India's growing deeptech landscape and global ambitions, supported by a broader national push toward AI infrastructure and indigenous development.

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Access to growth capital and market expansion are top priorities for Hyderabad's startup ecosystem

Startups

Hyderabad's startup ecosystem, comprising over 10,000 startups, is transitioning toward global scaling and market expansion, according to Endiya Partners' Hyderabad Startup Readiness Index 2026. While the city boasts strong infrastructure, talent from 355 global capability centres, and $3 billion in venture funding since 2014, stakeholders emphasize the need for increased growth capital. Improving capital access and collaboration remains critical for building globally competitive companies.

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Source: Tech Crunch

Lyft and Baidu enter London’s robotaxi battleground as testing begins

Startups

Baidu has begun testing its Apollo Go RT6 autonomous vehicles in London through a partnership with Lyft and Freenow. Currently operating with human safety drivers in Brent, the service aims for a public launch by 2027, pending regulatory approval. This move places Baidu in competition with Waymo and Uber in the UK market. The final service will utilize a hybrid network, combining robotaxis with professional human drivers.

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Inflexor Ventures raises Rs 400 Cr as first close of Fund III

Startups

Inflexor Ventures has announced the first close of its third fund, the Inflexor Technology Discovery Fund, securing Rs 400 crore toward a Rs 1,250 crore target. Backed by the SRI Fund and HDFC AMC, the fund targets pre-Series A and Series A investments with cheque sizes between Rs 15 crore and Rs 45 crore. The firm aims to build a portfolio of 22–25 globally ambitious technology companies.

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Two fund managers who handled Rs 1.35 lakh crore for others just built a company for India's rich

Startups

"Veriqus, a new wealthtech platform co-founded by industry veterans Ashish Gumashta and Roshi Jain, aims to consolidate wealth management, asset management, business advisory, and lending for India's high-net-worth individuals. Unlike typical startups, it is led by experienced money managers. The company recently raised Rs 387 crore, led by Norwest Venture Partners, to target underserved high-growth cities and provide an integrated, AI-enabled financial ecosystem for wealthy families.".

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Source: Tech Crunch

Cursor makes its biggest India push yet ahead of SpaceX acquisition with localized pricing

Startups

"AI coding startup Cursor has launched "Cursor Start," a localized subscription for India priced at ₹649 per month. This move targets one of the world's largest developer markets to drive growth before Cursor's acquisition by SpaceX closes in Q3. The plan offers essential AI tools at a lower cost than the Pro version. Cursor is also expanding its local presence by hiring sales and support staff across India.".

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How entrepreneurs turn dreams into successful startups

Startups

The startup journey begins with a vision and the courage to move from imagination to execution. Entrepreneurs transform beliefs into reality by identifying problems and creating solutions, often facing uncertainty and failure. Success requires resilience, constant adaptation, and a purpose-driven mindset. By taking small, consistent steps and learning from setbacks, founders build momentum, ultimately proving that persistence and determination can turn ambitious dreams into tangible, impactful businesses.

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Cracking the economics of rocket science; Indians with income above Rs 100 Cr

Startups

Tech giants including Nvidia and Microsoft launched the Open Secure AI Alliance to improve AI safety. In India, Visage Lines Personal Care reported significant revenue growth, while Urban Harvest secured Rs 341.4 crore in funding. India's private space sector achieved orbit via Skyroot, emphasizing commercial scalability. Additionally, over 500 Indians earned above Rs 100 crore in FY26, and China's CXMT became the nation's most valuable listed company.

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Source: Tech Crunch

Anthropic’s Dario Amodei responds: doesn’t oppose open-weight models, but fears Chinese AI

Startups

Anthropic CEO Dario Amodei clarified that his company does not advocate for banning open-weight AI models, describing them as a public good. While he supports restricting chip access and distillation to counter authoritarian governments, particularly China, he distinguishes these threats from open-weight models. Amodei expressed concerns over AI-enabled biological attacks and advocated for a global safety testing organization to ensure security and prevent military superiority.

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Source: Tech Crunch

Satya Nadella says companies that trust one AI for everything may not survive

Startups

"Microsoft CEO Satya Nadella warns that businesses relying exclusively on proprietary AI labs risk failure by 'outsourcing their thinking.' He urges companies to maintain control over their data, prompts, and metadata to eventually build their own models. By using AI gateways and open-weight models, firms can avoid dependency on single providers and prevent AI labs from competing against them, though Nadella notes consumers still trade data for services.".

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Source: Tech Crunch

Thea Energy lands $20M federal grant to build its magnets for fusion reactors

Startups

"Thea Energy, a fusion power startup, has received a $20 million ARPA-E grant from the Department of Energy to manufacture modular high-temperature superconducting magnets. These components are critical for its stellarator reactor design. By utilizing fewer magnet templates and software-controlled small magnets, Thea aims to lower production costs. Having raised $120 million in funding, the company plans to build a commercial-scale fusion power plant by the mid-2040s.".

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Source: Tech Crunch

As rivals chase acquisitions, Peacock bets on bundles through a new deal with YouTube

Startups

"NBCUniversal and YouTube have announced a multi-year global partnership to integrate Peacock into the YouTube platform. Starting in early 2027, U.S. YouTube Premium subscribers will receive Peacock Premium, featuring live sports and popular series. Additionally, Peacock Premium will launch as a separate add-on via YouTube Primetime Channels this summer. This strategic move expands Peacock's distribution reach following its first-ever quarterly profit in early 2026.".

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Source: Tech Crunch

PSA: Your Claude shared chats and Artifacts may have ended up on Google

Startups

Numerous Claude chats and Artifacts, including sensitive health records and private company documents, were recently found searchable on Google. The exposure stemmed from Claude's "share chat" feature, which creates public links. Anthropic claimed links only appear in search results if users post them publicly. While the issue now appears remediated, the incident highlights ongoing privacy concerns regarding AI-generated content and the public indexing of shared links.

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Source: Tech Crunch

Microsoft launches its first cybersecurity model, plus a new agentic cybersecurity system

Startups

"Microsoft introduced MAI-Cyber-1-Flash, a specialized AI model for finding vulnerabilities in complex code, and Perception, a new cybersecurity platform. Perception utilizes agentic red, blue, and green teams to automate threat simulation, bug detection, and remediation. Designed to counter AI-powered cyberattacks, these tools aim to increase efficiency for enterprise defenders. The new offerings, available in preview November 3, compete with solutions from Google, OpenAI, and Anthropic.".

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Source: Tech Crunch

Apple sued after alleged App Store crypto scam cost users $1.8M

Startups

Three plaintiffs are suing Apple for negligence after losing over $1.8 million to a fraudulent crypto wallet app on the App Store. The lawsuit claims Apple failed to maintain its promised security standards by allowing a fake Sparrow Wallet app to be distributed. While the plaintiffs seek damages and better disclosures, Apple defends its review process, noting it actively removes impersonating apps to protect its users.

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Source: Tech Crunch

Amazon’s new satellite network for mobile phones could turn up the heat on SpaceX

Startups

Amazon has applied for an FCC license to launch 5,105 satellites by 2028 to provide mobile phone services, utilizing spectrum from its Globalstar acquisition. This move increases competition with SpaceX in the satellite-to-mobile market, despite low current consumer demand. While Amazon faces launch delays due to Blue Origin's rocket issues, its substantial capital reserves provide a significant financial advantage over its primary competitor, SpaceX.

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PM Modi lauds Sitamarhi plastic recycling model in Mann Ki Baat

Startups

"Prime Minister Narendra Modi highlighted Sitamarhi's innovative plastic recycling initiative, which converts single-use plastic waste into durable public benches for schools and parks. Using four Plastic Waste Management Units, the district processes low-value plastic through cleaning, shredding, and moulding. This revenue-sharing model provides a sustainable alternative to subsidies, aligning with India's Extended Producer Responsibility framework to turn environmental waste into usable public infrastructure.".

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