How an Ericsson Castoff Became the Backbone of India’s Fibre Internet: The GX Group Story

Startups • Your story

GX Group, a Netherlands-headquartered broadband equipment maker, has evolved into a global hub for design and manufacturing in India. After becoming the first to receive India's telecom PLI incentives, the company expanded internationally by acquiring Swiss firm Ping Communication. GX is now investing Rs 500 crore into GX Quantum Photonics to produce India's first photonics chips by October 2026, targeting AI and 5G markets.

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Vipul Organics, a three-generation family business based in Maharashtra, specializes in pigments and dyes for global industries across 45 countries. With exports driving 70% of its revenue, the company recently reported record profits and expanded into automotive intermediates and water filtration membranes. Recognized for its stringent environmental certifications, the firm continues to grow its technical expertise while reducing India's import dependence in specialized chemical sectors.

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Startups • Rebecca Bellan

Synthesia, a British AI startup, has launched Roleplay Sessions, an interactive training tool allowing employees to practice high-stakes conversations with AI avatars. Unlike traditional video training, this platform provides real-time feedback and scoring against specific rubrics. By integrating performance analytics, Synthesia is transitioning from a content generation tool to a performance-management platform, aiming to provide enterprises with measurable business outcomes and granular talent data.

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Startups • Your story

Prof Ashok Jhunjhunwala, a veteran technologist and subject of the biography Roots & Wings, advocates for creating 20 million entrepreneurs to transform India. He highlighted the success of the IIT Madras Research Park, which fostered 350 startups valued at Rs 70,000 crore. Jhunjhunwala also proposes scrapping half of the current education syllabus to prioritize building over exams and is developing a green urban transport system.

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Business • Palak Sharma

Coworking provider Smartworks reported a consolidated net profit of ₹13.1 crore for Q1 FY27, reversing a ₹4.2 crore loss from the same period last year, though profit fell 21% sequentially from Q4 FY26. Operating revenue grew 44% year-on-year to ₹546.2 crore, while total income reached ₹559.7 crore. Meanwhile, total expenses increased by 37.7% to ₹542.1 crore compared to the previous year's first quarter.

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Startups • Your story

India is reviving its semiconductor industry after decades of interruption, transitioning from policy to execution. By 2026, the government approved 12 projects worth ₹1.64 lakh crore, with Semicon 2.0 adding ₹1.27 lakh crore. Key facilities like Micron's Sanand plant have begun commercial production. Focusing on mature nodes and chip design, India aims to build a sustainable ecosystem, though long-term success depends on manufacturing yield and continuity.

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Business • Pranav Pai

Skyroot’s Vikram-1 successfully reached orbit on its first attempt, demonstrating India's exceptional capital efficiency in space technology compared to global competitors. While government venture capital has de-risked prototypes, the industry now requires sustained demand to scale manufacturing. To build a globally competitive sector, the Indian state must transition from providing subsidies to acting as an anchor customer through long-term procurement contracts for satellite launches.

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Business • Shrishti Bisht

Ankur Jain, founder of Bira 91 parent B9 Beverages, has stepped down from the board and surrendered his family's 17.8% stake. This settlement with investors and lenders ends a two-year dispute and releases Jain from personal liabilities. The move clears the way for recapitalization to address approximately ₹1,000 crore in debt, clear vendor dues, and restart operations after prolonged financial stress and operational disruptions.

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Startups • Your story

"Electric vehicle manufacturer Ather Energy has raised Rs 1,300 crore through a qualified institutional placement, part of a broader Rs 2,500-crore capital infusion plan. The issue was oversubscribed eight times, attracting significant interest from domestic and foreign institutional investors. The company issued 1.08 crore shares at Rs 1,202 each. These funds will be used to drive product development and expand manufacturing capabilities to support long-term growth.".

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Business • Bismah Malik

Zerodha, India's largest discount broker, is diversifying into a full-stack financial services firm to counter declining trading revenues caused by SEBI's crackdown on derivatives. The company is expanding into merchant banking, secured lending, wealth management, and asset management. By leveraging its massive user base, Zerodha aims to create more predictable revenue streams through IPO advisory and lending, reducing its vulnerability to regulatory shifts and market volatility.

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Startups • Your story

YourStory's MSME Sparks 2026 event highlighted the vital role of India's 5.93 crore MSMEs in the national economy. A key session by Zoho's Gautam Varma urged these enterprises to integrate startup-style agility and AI-driven data decisions while preserving their traditional financial discipline and profitability. By leveraging technology for efficiency and scale, MSMEs can drive growth and ensure long-term resilience without risking premature scaling failures.

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Startups • Your story

At MSME Sparks 2026, Recur Club founder Eklavya Gupta emphasized the importance of strategic financing for MSMEs. He advised founders to match capital sources to specific needs, using debt for predictable growth and equity for uncertain outcomes. Gupta highlighted that cash flow and compliance are critical for securing loans. He also recommended maintaining specific debt-to-equity ratios and preparing for funding early to ensure better negotiating power.

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Startups • Your story

India produces 70.73 lakh tonnes of textile waste annually, presenting a significant environmental challenge and business opportunity. Devansh Peshin of Enviu highlights that while mechanical recycling handles cotton, blended fabrics remain difficult to process. To scale circular solutions and reach a projected $3.5 billion market by 2031, India needs improved collection infrastructure, tax reforms for recycled materials, and a supportive Extended Producer Responsibility framework to create green jobs.

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Startups • Your story

Wilma Rodrigues, CTO of Saahas Zero Waste, highlighted circularity as a vital business opportunity for India's MSMEs at MSME Sparks 2026. Addressing India's massive waste problem, she explained Saahas' service-fee model, which achieves a 96% landfill diversion rate. Despite recent revenue fluctuations due to regulatory changes, the company employs over 400 people and aims to grow into a Rs 200 crore business within five years.

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Startups • Your story

India has become a global leader in digital payments, but Mintoak CEO Raman Khanduja argues that QR codes are only the beginning. He emphasizes that the next phase involves leveraging transaction data as economic signals to provide MSMEs with better visibility and formal credit. By integrating embedded finance, banks can offer contextual lending and working capital, shifting the focus from processing payments to driving long-term small business growth.

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Startups • Connie Loizos

Rumors surfaced that Anthropic sought to acquire robotics startup Physical Intelligence, a company valued at $11 billion. While the CEO denied current talks, reports suggest discussions occurred this spring. As both Anthropic and OpenAI prepare for IPOs and race toward superintelligence, robotics expertise is critical. However, OpenAI is an investor in Physical Intelligence, potentially granting it rights that could block or facilitate its own acquisition of the firm.

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Business • Team Inc42

Zerodha is diversifying its business by applying for a Category-I merchant banking licence to manage IPOs and M&As, leveraging its massive retail user base. Meanwhile, IndiaMART reported a 12% profit increase, and Ather raised ₹1,300 crore through a QIP. Other updates include 30 Sundays securing $6.7 million in funding, Zaggle acquiring a stake in Unobanc, LenDenClub reporting significant profit growth, and Cent expanding its AI-driven preventive healthcare centres. (70 words) -.

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Startups • Your story

Generative AI is transforming enterprise data from a passive asset into a central operating layer, accelerating the need for robust data governance. While shadow AI is a concern, the primary challenge lies in preserving information context and ensuring trust. As AI agents become more autonomous, effective governance will provide a competitive advantage, shifting the corporate focus from simply adopting AI to governing the information that powers it.

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Startups • Your story

earned $264.1 million globally. Socially, the Kottravai platform aims to provide sustainable livelihoods for 10,000 women. Financially, Transition VC launched a Rs 1,500 crore fund for energy startups. Additionally, Novo Nordisk sued Eli Lilly over drug advertisements, while cybersecurity firms warned of vulnerabilities affecting millions of WordPress websites.

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Startups • Marina Temkin

Dimension Capital, a New York-based venture capital firm focusing on science and compute, recently announced a new $800 million fund. This vehicle is 60% larger than its previous $500 million fund. Founded by Zavian Dar, Adam Goulburn, and Nan Li, the firm targets deep-tech companies. Notable successes include investments in Chai Discovery and New Limit, as well as shares in Anthropic following the acquisition of Coefficient Bio.

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Categories

How an Ericsson Castoff Became the Backbone of India’s Fibre Internet: The GX Group Story

From a bag of naphthol to a ₹175 crore global colour business: The Vipul Organics story

Synthesia’s AI training platform is moving beyond videos into live coaching

‘Cut 50% of the syllabus’: Ashok Jhunjhunwala’s bold plan for India

Smartworks Posts ₹13 Cr Profit In Q1, Revenue Zooms 44% YoY To ₹546 Cr

India's chip dream was derailed in 1989. In 2026, it's roaring back

Orbit Achieved, Scale Pending: Why India’s Space Startups Need State-Backed Capital

Bira 91 Founder Ankur Jain Steps Down, Gives Up 17.8% Stake In Settlement

Ather Energy raises Rs 1,300 Cr through QIP

Beyond Broking: How Zerodha Is Restacking Its Revenue Pyramid

Borrow the speed, keep the discipline: Zoho's startup playbook for MSMEs

Debt or equity? Recur Club’s Eklavya Gupta breaks down how MSMEs should choose capital

Enviu’s Devansh Peshin on building markets and jobs from India’s textile waste

Waste is a resource, not a liability: Wilma Rodrigues of Saahas Zero Waste

India's QR revolution is just the beginning for MSMEs: Mintoak CEO

The Anthropic-Physical Intelligence rumor roiling AI Twitter

Zerodha’s Second Act, IndiaMART’s Q1 Snapshot & More

The rise of shadow AI is exposing the gaps in enterprise data governance

Helping women find sustainable work; Transition VC launches new fund

Dimension Capital’s $800M third fund shows the intersection of science and compute is booming