Zerodha gets SEBI nod to enter investment banking business

Source: Your story

Zerodha gets SEBI nod to enter investment banking business

Startups

"Zerodha has received SEBI approval for a Category-I merchant banking license, enabling its entry into India's investment banking sector. The brokerage will now advise companies on raising capital through initial public offerings and follow-on issues. This strategic expansion diversifies Zerodha's revenue streams beyond traditional stockbroking amid regulatory pressures, allowing the firm to operate on both the investor and corporate sides of the capital markets.".

Read Full Story

Enhanced geothermal notches another win as Google buys 400 MW from Fervo

Startups

Fervo's deal with Google could expand to 1 gigawatt of geothermal power, enough to supply a very large AI data center in Utah.

Read Full Story

Wonderful more than doubles its valuation to $5B in under 6 months

Startups

Israeli-Dutch AI startup Wonderful has raised $550 million in a Series C round, bringing its valuation to $5 billion. Led by Insight Partners and including Salesforce, the funding supports the company's expansion into 35 countries. Wonderful has evolved from customer service AI to "Wonderful AI OS," a platform coordinating AI agents and workflows. The startup will use the capital to accelerate product development and expand its engineering teams.

Read Full Story

India’s richest man now wants to turn aging computers into AI-ready PCs

Startups

Reliance Jio has expanded its JioPC cloud service to all Indian internet users, regardless of their provider. The subscription-based service transforms aging computers into AI-ready machines by streaming virtual processing power and storage from the cloud. While offering an affordable alternative to hardware upgrades, the service faces challenges including the need for stable internet connectivity and a traditional consumer preference for owning hardware over recurring subscriptions.

Read Full Story

HiddenLayer nabs $100M as enterprises rush to secure their AI deployments

Startups

"AI security startup HiddenLayer has raised $100 million in Series B funding led by Delta-v Capital to expand its sales and engineering. The company, which protects AI models and agents from adversarial attacks, reported that its annual recurring revenue grew over tenfold last year. With AI security spending surging, HiddenLayer serves large tech firms and government agencies while planning expansion into European and EMEA markets.".

Read Full Story

PSA: Amazon’s shopping AI can now tell you if that message is a scam

Startups

Amazon is integrating AI into its Alexa for Shopping service to help customers identify scam messages. By analyzing metadata and content against billions of sent communications, the AI can definitively confirm if a message is authentic. This tool complements existing verification emails and forms, reflecting Amazon's strategic shift toward using Alexa for proactive shopping assistance, personalized deals, and real-time alerts for customers on its website and app.

Read Full Story

Zerodha's Nithin Kamath says India's primary market is 'red hot'

Startups

"Zerodha founder Nithin Kamath reports that India's primary market is thriving, with IPOs, OFS, and FPOs attracting significant investor interest despite a stagnant broader equity market. Capital raised this year may surpass previous levels, driven by a strong pipeline of upcoming listings. However, Kamath warns that high demand does not guarantee strong returns or allotment success, as many new listings fail to deliver spectacular gains for retail investors.".

Read Full Story

Alpha Wave Sells Pine Labs Stake Worth ₹550 Cr

Business

Alpha Wave has sold nearly its entire 3.1% stake in fintech company Pine Labs, netting ₹550 crore through block deals. Major buyers included ICICI Prudential Life Insurance, Goldman Sachs, and Societe Generale. This move follows a broader selling trend for Alpha Wave, which recently exited positions in Lenskart, Aye Finance, and Delhivery. Meanwhile, Pine Labs reported strong growth, with Q1 FY27 net profits jumping over fourfold to ₹19.6 crore.

Read Full Story

Adobe acquires Indian market intelligence startup Rilo

Startups

Adobe has acquired Rilo, an India-based marketing intelligence startup, to enhance its marketing and customer experience suite. This deal involves licensing Rilo's intellectual property and integrating its six-member team to automate complex marketing workflows, including competitor intelligence and sales call analysis. Rilo, which raised $1 million from investors like PeakXV, will shut down following the acquisition as Adobe continues to bolster its AI-powered toolset.

Read Full Story

Two-wheeler EV maker Simple Energy eyes another fundraise

Startups

The planned fresh fund raise will help Simple Energy to scale production even as the company has introduced a new model.

Read Full Story

India's ecommerce market to hit $345B by 2030: report

Startups

India's ecommerce sector is projected to grow from $125 billion in 2024 to $345 billion by 2030, with an 18.4% CAGR. Driven by AI integration and quick commerce, the market will see a surge in dark stores and Gen Z spending. Expansion into Tier II and III cities is significant, with ecommerce expected to contribute 2.5% to India's GDP and serve over 420 million online shoppers.

Read Full Story

Govt defends new GDP estimates, says revisions reflect data upgrades, not higher growth by design

Startups

"The statistics ministry defended its revised economic growth estimates, asserting that updated methodologies and data, rather than artificial inflation, drive the results. Using 2022-23 as the base year, the ministry reported a 7.8% real GDP growth for the first quarter of fiscal 2026-27. It clarified that negative manufacturing deflators resulted from rising input costs and rejected claims that GDP estimates were manipulated to strengthen growth figures.".

Read Full Story

Norway considers ban on camera-enabled wearable ‘pervert glasses’

Startups

Norway is considering a ban on smart glasses and other camera-enabled wearables to address growing privacy concerns. Digital Minister Karianne Tung highlighted the trend of combining AI with cameras and microphones in everyday objects, warning against public monitoring. The government may specifically target facial recognition technology. To navigate these challenges, Tung plans to establish an expert group to advise on protecting citizens' privacy rights in public spaces.

Read Full Story

Pine Labs Appoints Jayaram Karthik as Chief Operations Officer

Startups

Fintech platform Pine Labs has appointed Jayaram Karthik as its Chief Operations Officer to lead operations and merchant experiences across India and international markets. With over 25 years of experience at firms like American Express and Razorpay, Karthik will focus on building technology-enabled operating models. This strategic move aims to strengthen Pine Labs' operational foundation to support sustainable global growth and enhance customer experiences across its diverse markets.

Read Full Story

Adobe is making its tools available in Slack

Startups

Adobe has announced a new integration allowing users to access its creative and productivity apps, including Photoshop and Firefly, directly through Slackbot. Over 70 tools will be available via the Adobe for Slack MCP app for Business+ and Enterprise+ teams. This move enables users to perform tasks using conversational AI, streamlining workflows by integrating Adobe's capabilities into the platforms where teams already collaborate and communicate.

Read Full Story

AI Infra Provider Yotta Eyes $1.5 Bn IPO By March 2027: Report

Business

"Yotta Data Services, backed by the Hiranandani Group, plans to file draft IPO papers in October and launch its public offering by the March quarter of 2027. The company aims to raise up to $1.5 billion through fresh equity to repay debt, purchase GPUs, and expand sovereign cloud infrastructure. Yotta intends to invest over $7 billion in AI infrastructure by FY27 to meet growing global computing demand.".

Read Full Story

Uber is laying off 10% of staff, or 3,300 people

Startups

Uber is laying off approximately 3,300 employees, representing 10% of its global workforce, to reduce management layers and streamline operations. CEO Dara Khosrowshahi announced the restructuring to prioritize ride-sharing, delivery, and robotaxi divisions. The plan includes cutting management by 20%, merging several technical divisions, and eliminating most remote work. These changes aim to reduce organizational complexity and improve efficiency as the company scales its global business.

Read Full Story

OpenAI faces 30 more lawsuits tied to Tumbler Ridge shooting

Startups

Law firm Edelson PC is filing 30 new lawsuits against OpenAI following a mass shooting in Tumbler Ridge, Canada. The complaints, filed on behalf of school staff and students, accuse OpenAI of aiding and abetting the attack. Plaintiffs allege that OpenAI leaders ignored internal warnings about the shooter's violent planning. OpenAI denies these claims, stating the risk did not meet their threshold for notifying law enforcement.

Read Full Story

Flipkart Eyes Microdrama Entry Amid Diversification Push

Business

Walmart-owned Flipkart is testing a microdrama feed on its main app, partnering with content creators like Terribly Tiny Tales and Pratilipi to produce exclusive short-form shows. By integrating entertainment with commerce, Flipkart aims to increase user engagement and diversify its ecosystem. This move follows the company's expansion into quick commerce, food delivery, and event ticketing, as it seeks to capture more consumer time and spending.

Read Full Story

Simple Energy Launches Wave Family Escooter At ₹1.1 Lakh

Business

Bengaluru-based startup Simple Energy has launched the Simple Wave, a family electric scooter starting at ₹1.10 Lakh. The lineup features six models across three variants, with the top-end Wave+ offering a 243 km IDC range and 90 kmph top speed. Aiming to compete with rivals like Ola and Ather, the company plans to scale monthly sales to 10,000 units by March 2027 through expanded production and retail networks.

Read Full Story

Categories