Snapdeal Parent AceVector Lists At 11.6% Discount On BSE

Source: inc42

Snapdeal Parent AceVector Lists At 11.6% Discount On BSE

Business

Snapdeal parent AceVector debuted on the BSE at ₹28.30, an 11.6% discount to its ₹32 IPO price. This weak listing reduced its valuation by ₹201 Cr, despite the ₹420 Cr IPO being oversubscribed 4.93X. Fresh capital from the issue is primarily allocated for Snapdeal's marketing and technology initiatives. The company's net loss narrowed, and operating.

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Bhavish Aggarwal pledges 4.32% stake to back Ola Electric’s Rs 1,000 Cr rights issue

Startups

Ola Electric founder Bhavish Aggarwal has pledged a 4.32% stake to support the company's Rs 1,000 crore rights issue, ensuring his ownership remains intact. This capital raise, alongside the appointment of a new compliance chief, aims to strengthen governance and financial stability. The move comes as the EV maker faces intensifying competition and declining revenues, seeking a balance-sheet cushion to reclaim its market position against legacy rivals.

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Why finance teams need to think in systems

Startups

Finance is evolving from recording transactions to designing the systems that manage financial data. Fragmented systems often require manual intervention, creating bottlenecks as businesses scale. By leveraging digital transformation, workflow automation, and APIs, finance teams can integrate payments, invoicing, and reconciliation. This shift allows professionals to focus on analysis and planning, ensuring better financial control and visibility through a deeper understanding of the underlying technology.

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Google froze its open source bug bounty program due to a ‘significant rise’ in AI submissions

Startups

Google has paused its open source bug bounty program, effective October 1, citing a "significant rise" in AI-generated submissions. Many reports were invalid or contained hallucinations, overwhelming engineers and maintainers. Cybersecurity experts had previously warned about AI "slop" impacting such vulnerability reward programs. Google plans to provide an update in the first quarter of 2027, encouraging participants to explore its other bug bounty initiatives in the interim.

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India needs its own AI safety framework, not a copy of US pact: Industry experts

Startups

India should build its own artificial intelligence (AI) safety framework suited to its languages, scale, and application-led AI ecosystem rather than replicate a voluntary pact signed by US President Donald Trump and top technology firms last week, industry experts said. They also called for a com.

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Amazon responds to data center backlash, says it no longer uses NDAs

Startups

"AWS CEO Matt Garman announced that Amazon Web Services has stopped using nondisclosure agreements with government agencies to address transparency concerns and combat growing data center moratoriums across the United States. Garman defended data centers against claims of excessive water and energy use and pollution, arguing they benefit local communities. However, critics and scientists remain skeptical, citing a fundamental crisis of trust regarding tech companies' environmental reporting.".

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From K-pop to AI, Karnataka seeks deeper ties with Korea

Startups

Karnataka aims to leverage growing Korean cultural interest into business and technology partnerships. A Korean delegation met Minister Priyank Kharge on October 3, exploring investment in tech, food, retail, and startups. Discussions focused on helping Korean companies enter the Indian market through Karnataka's talent, innovation ecosystem, and research capabilities across sectors like AI and semiconductors. Both sides emphasized moving towards practical collaboration and identifying priority opportunities.

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[Weekly funding roundup Sept 26-Oct 2] VC inflow continues to maintain strong momentum

Startups

Indian startup funding started October robustly, reaching $418 million across 22 deals, primarily driven by two significant investments. EV maker Simple Energy secured ~$182 million, while physical AI startup SiMa.Ai raised $150 million. This positive trend continues from September, where weekly VC funding largely exceeded $300 million, bolstered by four deals over $100 million. Large transactions remain the key driver of capital inflow into the ecosystem.

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AceVector IPO: SoftBank Pockets ₹88 Cr, Most Selling Shareholders Book Losses

Business

AceVector, the parent company of Snapdeal, recently completed a ₹420 crore IPO, valuing the firm at ₹1,741 crore. The offering provided mixed exits for investors; while SoftBank-backed Starfish I Pte Ltd received ₹88.3 crore, individual shareholders like Kenneth Stuart Glass saw multi-bagger returns. The company plans to use fresh capital for marketing and technology. Financially, AceVector reported narrowed losses and a 29.2% increase in operating revenue.

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Women power India to Asian Games gold in hockey, boxing

Startups

India’s women athletes struck gold at the Asian Games, with Lalremsiami and Lovlina Borgohain powering wins in hockey and boxing. Lalremsiami scored the winner against China to secure hockey gold and a 2028 Olympics berth, while Lovlina beat Ziyi Bao 5-0 to claim her maiden Asian Games boxing gold.

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It’s not AI anymore, it’s ‘super intelligence’ (according to the White House)

Startups

This week, the White House got nearly every major tech CEO in one room — Zuckerberg, Bezos, Musk, and Anthropic’s Dario Amodei among them — to sign an AI safety pledge that President Donald Trump called “morally binding.” Trump also signed an executive order officially rebranding AI as “super intelligence,” and meanwhile, Meta and OpenAI are putting friendlier faces on their AI products, even as the biggest money […].

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TechCrunch Disrupt 2026: Blackstone’s Jas Khaira on building the next generation of AI giants

Startups

Jas Khaira, global head of Blackstone N1, will speak at TechCrunch Disrupt 2026 on building lasting AI giants. His session, “Building the Next Generation of AI Giants,” will explore how founders should manage capital and distinguish early momentum from long-term sustainability. As AI scaling requires significant investment in infrastructure and talent, Khaira will share Blackstone's perspective on evaluating companies aiming to define the next generation of AI.

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Less than 24 hours to apply for a Side Event at Founder Summit 2026

Startups

The clock is almost out. You have less than 24 hours left to apply to host a Side Event during TechCrunch Founder Summit 2026. Applications close tonight at midnight PT. Connect with the Boston startup ecosystem through November 1–7 by hosting your own Side Event. Bring your community, start an impactful conversation that’ll push the […].

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Last 24 hours: Exhibit at TechCrunch Disrupt 2026 and reach 10,000+ tech leaders

Startups

Today is the very last day to book your exhibit table at TechCrunch Disrupt 2026. On October 13–15, 10,000+ founders, investors, operators, and tech leaders will arrive at San Francisco’s Moscone West looking for companies, products, ideas, and people worth knowing. The question is: will they find your startup?

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This startup wants to turn idle user car inventory into rental revenue

Startups

When Igor Dobrianskyi looks at a car dealership lot, he doesn't see rows of cars — he sees millions of dollars just sitting there, depreciating, while people who only need a car for a few months are stuck paying too much for too little choice, so he built MyMonthlyCar, a platform that lets dealers rent out their idle used cars month to month (with an option to buy), and it's now one of the startups showing off at this year's TechCrunch Disrupt, running October 13 to 15 in San Francisco.

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Shopify debuts Canvas, a way to build online stores by chatting with AI

Startups

Shopify launched Canvas, a new AI-powered site-building tool allowing merchants to create online stores by chatting with its Sidekick AI agent. Canvas displays real-time, interactive previews of the actual store code, adaptable across various screen sizes. This innovation simplifies store setup, making e-commerce more accessible for individuals without coding skills or developer budgets, aligning with a broader industry trend towards AI-driven website creation.

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Jio IPO nears launch: DRHP filed, SEBI clears path

Startups

Reliance’s digital arm moves closer to listing with a Rs 37,700‑crore fresh issue; final price band and subscription dates expected soon. One of the most anticipated IPOs in India is the Jio IPO. In 2019, at the AGM of Reliance Industries Limited, Mukesh Ambani, Managing Director of Reliance I.

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The new Kindle ditches the bezel in a push toward a smaller, lighter e-reader

Startups

Amazon has significantly redesigned its Kindle e-readers, introducing a flush-front, bezel-free display across its lineup. New models are thinner, lighter, and feature 30% faster page turns. Amazon uses "Cap" touch technology to create a "dead zone" for finger placement. The updated standard Kindle, Paperwhite, and Colorsoft offer new colors.

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Practical tips every Indian household should know How to choose the right family health insurance plan

Startups

From sum insured and hospital networks to waiting periods, exclusions, and claims support, here are key factors Indian families should consider before choosing a health insurance plan. Choosing a health plan for the family is among the most important financial decisions a household can make, y.

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Why procurement and legal teams still struggle to work as one

Startups

Despite the necessity of working together, legal and procurement teams often find themselves at odds. While both play a critical role in the business, their different priorities can create friction. Can technology bridge the gap and help them work together more effectively?

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