April 16, 2026
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Startup

Startup News

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Bengaluru Founder Silences American Businessman Who Mocked India’s Talent: “Has a Single Indian Achieved Anything?” Sparks Global Backlash

Business News Desk04 mins mins

A social media storm erupted this week after American businessman and far-right blogger Charles Haywood posted a controversial remark on X (formerly Twitter), questioning India’s contributions to global progress. His post, which read, “Has a single (subcontinent) Indian ever accomplished anything of truly major note in the modern period, in any field? I can’t think…

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NBFC Seeds Fincap Raises ₹50 Crore Funding in Round Led by Z47, Lok Capital

Business News Desk05 mins mins

In a significant boost to its growth ambitions, non-banking financial company (NBFC) Seeds Fincap has successfully raised ₹50 crore in a funding round led by Z47 and Lok Capital, two prominent investors in India’s financial services sector. The fresh capital is aimed at strengthening the company’s lending portfolio, expanding its customer base in semi-urban and…

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Motilal Oswal Financial Services Invests ₹400 Crore in Zepto, Boosting Quick Commerce Race in India

Business News Desk04 mins mins

In a major move signalling confidence in India’s booming quick commerce sector, Motilal Oswal Financial Services (MOFS) has announced a ₹400 crore investment in Zepto, one of the country’s fastest-growing instant grocery delivery platforms. This funding injection is expected to strengthen Zepto’s competitive position against rivals like Blinkit, Swiggy Instamart, and BigBasket Now, as it…

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Reliance in advanced talks to lead $50 million raise in spacetech startup Digantara

Business News Desk06 mins mins

Reliance Industries Ltd (RIL), India’s largest conglomerate, is reportedly in advanced-stage negotiations to lead a $50 million funding round in Digantara, a Bengaluru-based spacetech startup known for its innovative space situational awareness (SSA) technology. The proposed investment underscores Reliance’s expanding ambitions beyond traditional energy and telecom into the fast-growing new space economy, positioning itself as…

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SoftBank’s Sumer Juneja Exits Lenskart Board; IndWealth’s Ashish Kashyap and PaySense’s Prashanth Karanjkar Join Ahead of Mega IPO Plans

Business News Desk15 mins mins

In a strategic reshuffle that underscores its readiness for a much-anticipated IPO, India’s leading omnichannel eyewear brand Lenskart has announced significant changes to its board of directors. SoftBank India head Sumer Juneja has stepped down from the board, making way for two seasoned entrepreneurs — Ashish Kashyap, founder of IndWealth, and Prashanth Karanjkar, co-founder of…

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Flipkart’s VP Smrithi Ravichandran Set to Join PE Firm Multiples, Signaling Strategic Shift Toward Investment Ecosystem

Business News Desk05 mins mins

In a significant career move that underscores the growing intersections between technology, retail, and finance, Flipkart’s Vice President Smrithi Ravichandran is reportedly set to join the prominent private equity firm Multiples. This development marks a pivotal transition for one of India’s most accomplished e-commerce leaders and reflects the broader talent migration from tech-driven consumer companies…

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Perplexity’s Comet lets users order food with AI prompts, says CEO Aravind Srinivas

Business News Desk06 mins mins

In a significant advancement in the practical application of artificial intelligence, Perplexity AI has launched a new capability within its cutting-edge AI agent, Comet, allowing users to order food through conversational prompts. CEO Aravind Srinivas unveiled the development in an exclusive statement, asserting that the move will redefine how people interact with commerce platforms using…

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Thiruvananthapuram startup Netrasemi raises ₹107 crore from Zoho Corp, Unicorn India Ventures to power India’s semiconductor ambitions

Business News Desk05 mins mins

In a significant development that signals a robust shift towards deep-tech manufacturing in India, Thiruvananthapuram-based semiconductor startup Netrasemi has successfully raised ₹107 crore in funding from marquee investors including Zoho Corporation and Unicorn India Ventures. This funding round, among the largest for a fabless semiconductor startup from Kerala, positions Netrasemi at the forefront of India’s…

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Deeptech startup Plenome Technologies raises ₹6.5 crore from Indian and global investors

Business News Desk14 mins mins

In a significant development in India’s deeptech ecosystem, Plenome Technologies, a promising startup focused on revolutionizing genomic research and precision diagnostics, has secured ₹6.5 crore in funding from a mix of Indian and international investors. The round marks a milestone for the Bengaluru-based firm as it aims to accelerate R&D and commercial deployment of its…

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Cloud kitchen firm EatClub to raise Rs 185 crore from Tiger Global, A91 Partners, 360 One

Business News Desk04 mins mins

In a significant development within India’s growing food-tech and cloud kitchen space, EatClub Brands, the parent company behind popular food delivery brands such as BOX8 and Mojo Pizza, is reportedly set to raise ₹185 crore (approximately $22 million) in a fresh funding round. The infusion will come from marquee investors including Tiger Global, A91 Partners,…

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