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The Latest Breaking News from ET

Intel spinout Articul8 eyes $50 million for India heritage AI venture

Articul8, a spin-off from Intel, is raising $30-50 million to establish an India-based AI entity focused on traditional knowledge systems like Sanskrit. The venture aims to build "heritage models" trained on ancient Indian languages and cultural data, with potential applications in various fields and global preservation efforts.

The Economic Times

Ex-Mirae Asset India head Ashish Dave launches Rs 700-1,000-crore fund

Ashish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aims for Rs 700-1,000 crore. It will invest in Series B and C startups. This move is part of a trend of seasoned investors starting independent funds. Sanskrit Capital will focus on fintech, consumer internet,…

The Economic Times

Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel US

Sachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Growth Fund. This funding aims to expand its lending business in Southeast Asia, following strong performance in India. The move comes after a period of regulatory scrutiny and a…

The Economic Times

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Chip startup AGNIT sets up GaN testing lab at IISc with Rs 3 crore investment

Indian semiconductor startup AGNIT Semiconductors has established a new GaN testing laboratory at IISc Bengaluru. This facility, built with a Rs 3 crore investment, will accelerate the commercialization of indigenous technologies. AGNIT aims to enhance validation and reliability testing for GaN chips used in defence and telecom.

The Economic Times

India Quotient partner Gagan Goyal to quit as churn at top VC funds in India continues

Gagan Goyal, a general partner at India Quotient, is leaving the early-stage venture capital firm, according to people aware of the matter. This departure follows the recent closure of India Quotient's largest fund and the elevation of two new partners. Goyal's exit adds to a trend of senior-level changes observed…

The Economic Times

West Bengal's electronics factory push; Fed jitters hit TCS

West Bengal is exploring ways to expand electronics manufacturing under EMC 2.0. This and more in today's ETtech Top 5.

The Economic Times

Z47 managing director Tarun Davda to exit firm amid string of top-level departures at VC funds

Tarun Davda, a key figure at Z47 for ten years, plans to exit the venture capital firm by year-end. Sources told us that Davda is exploring launching his own fund or returning to entrepreneurship. This departure follows other senior exits at Z47 and mirrors broader churn in India's venture capital…

The Economic Times

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Curefoods follows Flipkart, PhonePe to delay IPO plan amid choppy markets

Cloud kitchen platform Curefoods has postponed its Rs 800 crore IPO plans after Sebi approval, as mutual funds resisted its Rs 4,000 crore valuation. The company, facing market headwinds for loss-making new-age firms, aims to relist next year if market conditions improve. This follows similar deferrals by PhonePe and Flipkart.

The Economic Times

Timing, not talent, holding back Snowflake’s India R&D expansion: Cofounder Benoît Dageville

Snowflake is prioritizing tightly integrated global engineering teams for core product development, impacting its R&D expansion plans in India due to timing and coordination challenges. While India is a growing market and ecosystem hub, the company emphasizes making AI usable across entire organizations, not just isolated pilots.

The Economic Times

Here to win quick commerce, will become market leader in near-term: Samir Kumar, Amazon India chief

Amazon is planning to aggressively expand its 10-minute delivery service, Amazon Now, aiming for market leadership despite moderating quick commerce growth. The ecommerce giant plans to launch in over 100 cities with 1,000 dark stores, emphasising customer experience, wide selection, and speed to compete with rivals like Blinkit and Zepto.

The Economic Times

Sleeping more than 8 hours? Senior Neurologist at Apollo Hospitals explains why it may signal a health issue

New research reveals that both too little and too much sleep can accelerate biological aging across vital organs. A study of nearly 500,000 people found a 'sweet spot' of 6.4 to 7.8 hours nightly for healthiest aging. Dr Sudhir Kumar, Senior Consultant Neurologist at Apollo Hospitals in Hyderabad, explains to…

The Economic Times

RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook

RBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude oil prices and a weakening rupee against the need to support economic growth. The decision comes amid geopolitical tensions and concerns over a below-normal monsoon, with the central…

The Economic Times

Silicon Valley’s South Park Commons ramps up India deeptech push

South Park Commons is increasing its focus on India's deeptech sector, shifting investments beyond traditional software to areas like semiconductors and robotics. The firm, which backs founders at the earliest stages, sees growing global investor appetite for hardtech due to policy support and maturing startups. SPC aims for at least…

The Economic Times

AMFI bars Stable Money from distributing mutual funds for six months

Fintech firm Stable Finserv, backed by Peak XV Partners and Lightspeed, faces a ban from distributing mutual funds until November 2026. The Association for Mutual Funds in India imposed the restriction, impacting investors' SIPs. While the exact reason remains unclear, industry insiders suggest potential violations in advertising or documentation. This…

The Economic Times

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The Economic Times

Ola Electric raises Rs 780 crore via QIP amid market share, cash burn pressure

Ola Electric Mobility has secured approximately Rs 780 crore through a qualified institutional placement, aiming to bolster its recovery efforts and market share. The funds will be used to repay borrowings, fuel growth, and cover general corporate needs. This comes as the company navigates a challenging period marked by declining…

The Economic Times

Kuku FM readies public market debut; SoftBank books Lenskart gains

Kuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.

The Economic Times

SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x return

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s…

The Economic Times

Bigbasket elevates Seshu Tirumala as COO as it sharpens quick commerce push

Tirumala joined BigBasket in 2014 and was most recently its chief buying and merchandising officer. He has also overseen sourcing, category management and private labels. BigBasket said its private-label business now contributes nearly 40% of total sales.

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The Economic Times

PE wars to billion-dollar IPO dreams, hospital sector is fighting fit

Major private equity firms are vying for a stake in Cloudnine, a leading maternity and paediatric care chain. This intense competition highlights strong investor confidence in India's healthcare sector. The industry is entering a new growth phase driven by increasing demand, a shortage of hospital beds, and a rise in…

The Economic Times

Kuku FM's parent confidentially files for Rs 3,500 crore IPO

Audio and video platform Kuku has confidentially filed draft papers with Sebi for a Rs 3,500 crore IPO. The company aims for a Rs 15,000 crore valuation. Kuku expects a sevenfold revenue jump to Rs 1,400 crore in fiscal 2026. This move signals significant growth aspirations for the digital content…

The Economic Times

AI prescription: Infosys bags seven-year deal to upgrade Fortis-owner IHH's network

While IHH executives declined to reveal the value of the deal, IT industry experts said it could be worth a few hundred million dollars, depending on the scale of deployment and the length of the contract.

The Economic Times

Peak XV in talks to back Ringg AI as voice AI gains attention: Sources

Peak XV Partners is reportedly leading a $10 million funding round for Bengaluru-based voice AI startup Ringg AI, highlighting investor enthusiasm for the technology. This move underscores the growing recognition of voice AI beyond call centers, with investors now segmenting the market into various applications. The trend signals a significant…

The Economic Times

PixelSky invests Rs 40-45 crore in biofuels firm GPS Renewables

PixelSky Capital, backed by IndigoEdge and Yumlane founder Hitesh Ahuja, has invested Rs 40-45 crore in waste-to-energy firm GPS Renewables. The company builds compressed biogas plants, aligning with India's energy security goals. PixelSky aims for a final close of its Rs 400 crore Fund-I by July.

The Economic Times

Indian cyber, telecom, banking & finance firms get access to Mythos; IT left out

Several Indian organisations in cyber, telecom, finance and banking have gained early access to Anthropic's advanced Claude Mythos AI model. The govt is actively working to expand this access, with select public entities, including CERT-In, set to receive previews. This initiative aims to bolster cybersecurity for India's critical infrastructure.

The Economic Times

Indian VCs expand US footprint to tap AI boom early

Indian tech investors are increasingly establishing a presence in the US, particularly in the Bay Area, to tap into the booming AI sector. This strategic move aims to foster closer relationships with innovative startups and secure a competitive edge in a market dominated by AI advancements.

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