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Pine Labs’ RHP reveals a profitable H1 FY26 with ₹650 crore revenue, up 18% to ₹616 crore from transaction processing (70%). PAT reached ₹4.8 crore, reversing a ₹28 crore loss aided by ₹14 crore deferred tax. The firm plans a ₹2,080 crore IPO, including investor OFS participation from Peak XV Partners, Temasek, and Mastercard.

Piyush Goyal reaffirmed the government’s commitment to India’s DeepTech ecosystem at a Bengaluru roundtable with 35 startups and 30 venture capital firms. Discussions focused on easing business, enhancing innovation, and supporting Aatmanirbhar Bharat through extended Startup India benefits, clear R&D funding, and private investment incentives. Participants including Agnit Semiconductors, Celesta Capital, and DPIIT pledged structured collaboration for long-term innovation.

Goa Transport Department suspended Ola Electric’s trade certificate after complaints about poor service and delayed repairs affecting 2,000 scooters. Registrations on the Vahan portal are blocked temporarily until Ola improves after-sales support. EV owners demand stricter accountability, and Chief Minister Pramod Sawant is monitoring the issue.

UPI transactions reached a record 20.7 billion in October 2025, up 3.6% from September, worth ₹27.28 lakh crore. Diwali spending and GST cuts boosted usage, with a daily peak of 754.37 million on October 18. Volume rose 25% and value 16% year-over-year, reinforcing UPI’s role in India’s cashless economy.

Snapmint raised $125 million led by General Atlantic, joined by Prudent Investment Managers, Kae Capital, and Elev8 Venture Partners. The funds will expand its EMI on UPI and merchant network across India. Serving 7 million users in 23,000 pin codes, Snapmint aims to reach 100 million consumers. Radix Capital Advisors managed the deal.

DMRC partners with Mappls MapmyIndia to offer real-time metro data on the Mappls app for 35 million users. The collaboration boosts convenience, safety, and sustainability by enabling access to routes, fares, and station details. Leaders highlight tech integration and multi-modal connectivity, allowing users to report traffic issues and improving urban management.

Canva’s new Creative Operating System is its biggest update, featuring advanced AI tools and an upgraded Visual Suite. Highlights include Video 2.0 automation, Canva Forms for data collection, a context-aware Design Model, Canva Grow for marketing, an enhanced Brand Kit, and free professional Affinity tools. Canva aims to democratize powerful creative and marketing tech.

A Center for AI Safety study found top AI agents automated less than 3% of remote work tasks acceptably; Manus AI succeeded 2.5%, GPT-5 just 1.7%. Failures included poor quality and incomplete results. Despite layoffs citing AI, experts warn current AI lacks long-term memory and skill learning, challenging claims of imminent full job automation.

Nvidia will supply over 260,000 Blackwell AI chips to South Korea, supporting its goal to become a global AI leader. Major firms Samsung, SK Group, Hyundai, NAVER Cloud will deploy these chips for AI infrastructure, manufacturing, mobility, and cloud services. The deal strengthens South Korea’s regional AI position and local semiconductor demand amid US-China tensions.

Reliance Intelligence, RIL’s AI arm, partners with Google to offer Jio users free 18-month Google AI Pro access, including Gemini 2.5 Pro, NotebookLM, expanded limits, and 2 TB cloud storage (worth ₹35,100). Reliance becomes a Google Cloud and Gemini Enterprise launch partner, broadening TPU access. Its goal: build gigawatt-scale AI data centers in India.

India’s Department of School Education & Literacy will introduce AI and Computational Thinking from Grade 3, starting 2026–27, in line with NEP 2020 and NCF SE 2023. Key agencies (CBSE, NCERT, KVS, NVS) support this “AI for Public Good” plan. Prof. Karthik Raman leads curriculum development; teacher training and resources will be provided. The initiative stresses inclusivity and future-readiness.

Groww’s parent Billionbrains Garage Ventures plans a ₹6,632 crore IPO (Nov 4–7) at ₹95–₹100 per share, featuring a ₹1,060 crore fresh issue and sale of 55.72 crore shares. Funds will enhance cloud, credit tech, marketing, and margin trading. Managed by top banks, the IPO, led by its four founders, signals a major milestone for India’s retail investment sector.

McDonald’s opened its largest global capability centre outside the US in Hyderabad, covering 156,496 sq ft at RMZ Nexity, HITEC City. It will handle tech, analytics, finance, and HR, creating 1,200+ jobs and strengthening Hyderabad’s GCC ecosystem. The hub aids community initiatives and boosts Telangana’s economy, reinforcing the city’s growing global business and innovation prominence.

Indian travelers in Malaysia can soon pay via UPI after a Razorpay Curlec–NPCI International partnership. Malaysia becomes among the first foreign markets to accept India’s UPI online and in-store. Payments will settle instantly in Ringgit, avoiding conversion issues. The rollout covers 5,000+ merchants, benefiting tourism, retail, and hospitality, and supports growing cashless travel between both nations.

Happi Planet raised $2 million led by Fireside Ventures and Prath Ventures, marking its first institutional round after internal funding. Founded in 2021 in Mumbai, it makes eco-friendly home-care products like laundry and dishwashing liquids and surface cleaners. Funds will expand products, scale operations, and grow D2C, online, and retail reach, competing with Neynto, Beco, and The Better Home.

Oroos Confectionery raised Rs 20 crore ($2.26M) from Fireside Ventures and SBI to build an automated plant in Greater Noida and expand into tier II and III cities. Founded in 2025 by Raje Suneet Jain and Prashant Manral, it targets affordable confectionery for mass consumers through general and modern trade. India’s confectionery market may hit Rs 597B by 2033.

SaveSage raised $1 million in pre-seed funding led by Bhavesh Gupta with N.R. Narayanan and Venture Catalysts. Founded in October 2024, it helps users manage credit card and travel rewards. Funds will upgrade its AI engine, features, and user base. With 200K users and $1.1M ARR, it manages 1M+ cards and serves 100K+ payers, competing with CRED and CheQ.

Jupiter Money raised $15 million from Mirae Asset, BeeNext, and founder Jitendra Gupta to enhance product growth, lending, and AI tools. Valued at $710M in 2021, it offers credit cards, loans, and investments to 3M+ users, issuing 150K+ CSB Bank cards. Its NBFC will scale lending. FY24 revenue hit Rs 51.2 crore, losses fell 23%, targeting breakeven in 24 months.

The Point AI, formerly Try ND Buy, raised $5.3M led by Yali Capital to expand product development, customer acquisition, and operations. It provides AI solutions to boost e-commerce conversions, cut returns, and personalize shopping by integrating commerce, behavior, and supply-chain data. Competing with Criteo, Algonomy, and Fractal, Point AI focuses on return optimization and pricing for large online merchants.

Redacto, founded by Shashank Karincheti and Amit Kumar, raised $1.4M in seed funding led by PeerCapital and Antler India. The funds will strengthen AI tools and expand teams. Its platform automates privacy compliance, data management, and vendor monitoring for DPDP readiness, featuring Privacy Engine, ConsentFlow, VendorShield, and TrustCentre. Competitors include SecurWeave and Privado.

Openhouse, a proptech startup, raised $2 million led by India Quotient Ventures with angels Mohit Gupta, Gunjan Patidar, Gaurav Sharma, and Ramanshu Mahaur. Founded by Rahool Sureka and Ankit Khemka, it targets India’s $60B resale housing market using AI pricing, a 90-day sale guarantee, and Broker AI. Funds will scale tech, operations, and raise monthly GMV from Rs 10 crore to Rs 100 crore.

Exiles Interactives, a Bengaluru gaming startup, raised $355,000 in pre-seed funding led by Chimera VC with Warmup Ventures, IndigoEdge, Dhruv Vohra, and Sourav Gupta. Funds will develop Centarius, a browser-based social gaming platform for mid-core titles, expand marketing, and support indie developers across devices without app store limits. It targets growth via TikTok, Twitch, and YouTube collaborations.

SalarySe raised $11.3M led by Flourish Ventures and SIG Venture Capital, joined by Peak XV and Pravega. Founded by Saumeet Nanda, Mohit Gorisariya, and Piyush Bagaria, it offers credit, salary advance, and reward management integrated with payroll. The funds will boost tech and user base. With $1.1M ARR, it manages 1M+ cards, 400K rewards, and serves 100K+ users.