Insurance startup Corgi reportedly raised more money at $4B — its third round in eight weeks

Source: Tech Crunch

Insurance startup Corgi reportedly raised more money at $4B — its third round in eight weeks

Startups

Corgi, an AI-powered insurance startup, is reportedly raising a B2 funding round that would double its valuation. Following a rapid sequence of raises since January, the company's valuation jumped from $1.3 billion to $2.6 billion in May. Corgi expects its annualized revenue run rate to reach $450 million by year-end. Beyond insurance, the firm operates data room software and 24-hour coffee shops in San Francisco and Atlanta.

Read Full Story

Ola Electric Slides Over 7% After Bearish Call From Goldman Sachs

Business

Ola Electric shares plunged 7.6% to ₹29 on October 23 after Goldman Sachs downgraded its outlook to "Sell," citing high interest costs and capex for its E2W business, making cash flow positive challenging. This occurred a day after Ola opened its ₹1,000 Cr rights issue, aimed at debt reduction and business expansion. Founder Bhavish Aggarwal pledged a stake to participate.

Read Full Story

Autonomy and control are not opposites, they go together: EY GDS at DevSparks Chennai

Startups

Strapline: At DevSparks Chennai 2026, Arvind Purushothaman of EY GDS made the case that moving agents into production is an engineering problem, not a model problem. Gayatri Guha Ask a room of developers about agents today and you will get plenty of answers. Almost everyone has built one, and m.

Read Full Story

Building a New Foundation for Education: Anshu Kumar’s Neev Ki Eent Foundation for Children of Bihar’s Brick Kiln Workers

Startups

"Anshu Kumar Jaiswal founded the Neev Ki Eent Foundation to support migrant brick kiln workers in Bihar. Through Project Swabhimaan, the NGO provides education via Akshar Learning Centres, assists families in obtaining essential government documents, and connects them with welfare schemes. By collaborating with district administration and training local youth leaders, the foundation ensures that children's education and social security are maintained despite the families' migratory nature.".

Read Full Story

Sebi cautions investors against fraudulent stock-tip WhatsApp groups

Startups

Markets regulator Sebi has warned investors against fraudulent WhatsApp stock-tip groups using "astroturfing" to create fake credibility through false profit claims. These unregistered operators often use overseas numbers and lure victims with free education. Sebi advises against joining invitation-only groups, sharing account details, or using recommended trading platforms. Instead, investors should only deal with Sebi-registered intermediaries and verify their registration status on the official website.

Read Full Story

From Three Products To 450 SKUs: How R for Rabbit Built A ₹250 Cr Baby Care Brand Around Parents’ Concerns

Business

Founded in 2014, R for Rabbit has evolved from three baby-gear products into a ₹250 Cr parenting brand with over 450 SKUs. The company expanded into diapers, personal care, and apparel, supported by a $27 million Series B funding round. To scale toward a ₹1,000 Cr target, the brand is leveraging 3,000 offline touchpoints and a partnership with Shadowfax to enhance last-mile delivery across India.

Read Full Story

Apple iPhone Duo's entire first week stock pre-booked in India

Startups

"Apple's first foldable smartphone, the iPhone Duo, has already sold out its first week's stock in India ahead of its October 23 launch. High pre-booking numbers were recorded at stores in Mumbai and New Delhi. Priced between Rs 3 lakh and Rs 4.5 lakh, the device competes with Samsung's Z Fold 8. Analysts expect the Duo to capture 24% of the foldable market, expanding the segment's overall value.".

Read Full Story

Tonbo Imaging Makes Strong Market Debut, Lists At 66% Premium To IPO Price

Business

"Defence tech startup Tonbo Imaging made a strong stock market debut, listing at ₹1,162 on the BSE and ₹1,160 on the NSE, representing premiums of 66% and 65.71% over its ₹700 issue price. The ₹852 crore IPO, consisting entirely of an offer for sale, was subscribed 135.9 times. With a BSE market capitalization of ₹6,656.18 crore, the company received no proceeds from the public offering.".

Read Full Story

Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta

Startups

"Meta has introduced a new class of non-voting Class C common stock to facilitate capital raising and AI investments. However, SEC filings and reports suggest the move also helps CEO Mark Zuckerberg potentially pay California’s proposed Proposition 40 billionaire tax without relinquishing his majority voting control. The wealth tax could cost Zuckerberg $11 billion, while proponents argue the revenue would fund essential state healthcare and education services.".

Read Full Story

Warhound raises $200M to engineer war dogs and arm them with Anduril gear

Startups

Warhound, a new startup funded with $200 million and valued at $1.2 billion, aims to genetically engineer high-performance working dogs for the U.S. military and law enforcement. Founded by Ben Lamm and Palmer Luckey, the company will use gene editing to improve health and agility while integrating advanced hardware from Anduril. The first cloned dogs are expected early next year to reduce reliance on foreign imports.

Read Full Story

Rivian buys world model startup to accelerate self-driving ambitions

Startups

EV maker Rivian has acquired Third Dimension, a UK-based AI startup specializing in creating lifelike 3D worlds from images and videos. Rivian intends to use this technology to enhance its autonomous driving systems and robotaxi development for Uber. By integrating real-world data into simulations, Rivian can better train its vehicles for complex driving scenarios, expanding its AI capabilities and its presence in London.

Read Full Story

Former OpenAI science lead launches Warp Science to automate wet labs with robots

Startups

"Former OpenAI science lead Kevin Weil has launched Warp Sciences, an AI startup automating lab work for drug discovery. The company raised $215 million at an $865 million valuation, led by Lightspeed. By training robots to synthesize and test compounds, Warp Sciences aims to accelerate drug development and reshore critical processes from China to reduce geopolitical supply-chain risks, enabling continuous, around-the-clock laboratory operations.".

Read Full Story

Elon Musk made a $1 billion investment in Skydance, report says

Startups

"Elon Musk has invested approximately $1 billion in Skydance, a media company currently integrating Paramount and Warner Bros. Discovery. This financial injection joins contributions from other investors, including Laurene Powell Jobs, to support Skydance's goal of reducing costs by $6 billion over three years. The company aims to merge streaming platforms Paramount+ and HBO Max while managing a vast portfolio of networks under Co-CEOs David Ellison and Ynon Kreiz.".

Read Full Story

eMudhra to exit global website security certificate business

Startups

Bengaluru-based eMudhra is exiting its global SSL/TLS certificate business following a security incident involving weak cryptographic keys that prompted action from Google and Mozilla. The company cited rising compliance costs and diminishing commercial returns as additional factors for the withdrawal. While SSL/TLS represents only 1% of its revenue, eMudhra will provide free replacement certificates to affected customers while focusing on its core enterprise digital trust services.

Read Full Story

Uber puts all 30,000 employees on ChatGPT Work

Startups

Uber and OpenAI expanded their partnership, deploying ChatGPT Work to Uber's entire global workforce of 30,000 employees. Following a successful pilot, the enterprise AI agent will assist diverse teams, including finance and operations, with tasks like data analysis and material localization. Uber aims to track usage and encourage experimentation to optimize AI integration across its business operations.

Read Full Story

Tesla is prepping a Cybercab onslaught

Startups

Tesla plans a major expansion of its Cybercab robotaxi service, launching in Dallas next month and other cities this year. The company aims to dominate terrestrial transportation, intending to undercut rivals like Waymo with its reportedly cheaper-to-build vehicles. However, Tesla faces regulatory.

Read Full Story

Developer platform Railway urges ‘all users’ to revoke secret keys after cyberattack

Startups

Railway confirmed a cyberattack allowed hackers to access some customer secrets, including encrypted environment variables and decrypted contents. The company urged all users to immediately rotate their API and cloud keys, despite initial analysis suggesting a limited breach. Deployments are paused during investigation. This incident, potentially part of a broader attack targeting AI inference providers, follows a similar OpenCode breach but is separate from recent PHP vulnerabilities.

Read Full Story

5 Books you must read to learn how to say no confidently

Startups

Learning to say no is challenging, often leading to overwhelm and emotional exhaustion from people-pleasing. Setting boundaries is vital for well-being, not selfishness. Five recommended books offer practical strategies to overcome guilt, communicate needs assertively, and protect personal energy. These resources help readers understand their limits, manage relationships, and make intentional choices, fostering confidence in expressing needs without constant approval-seeking.

Read Full Story

TravClan raises $5M from Flipkart, others

Startups

Traveltech startup TravClan raised $5 million from Flipkart, August One, and Trifecta Capital to expand its global supply network, enhance technology, and strengthen international operations. Its platform enables over 15,000 Indian travel agents to manage bookings, itineraries, and payments for flights, hotels, and holiday packages, processing over $100 million in annual sales. TravClan's model focuses on owning supply to provide better prices and reliable travel experiences, with significant growth from Tier II and III cities.

Read Full Story

Binny Bansal-Backed ShopOS Launches AI Creative Platform Sloosh For Individuals

Business

"Binny Bansal-backed AI startup ShopOS has launched Sloosh, a self-service platform offering AI image and video generation for individual creators and small businesses. Starting at $19 per month, Sloosh provides tools like reusable workflows and batch generation to users who cannot afford ShopOS's managed enterprise services. Meanwhile, ShopOS aims to expand its enterprise client base to over 100 brands in India and 50 in the US.".

Read Full Story

Swiggy Q2: Loss Narrows 16% YoY To ₹922 Cr, Revenue Jumps 36%

Business

Swiggy reported a consolidated net loss of ₹922 Cr in Q2 FY27, narrowing 16% year-on-year but widening 17% quarter-on-quarter. Operating revenue grew 36% YoY to ₹7,571 Cr, while total expenses rose 30%. Increased losses from its quick commerce business, Instamart, which saw segment losses widen to ₹764 Cr, impacted sequential performance despite improved food delivery profitability.

Read Full Story

Categories