India Tech News 🇮🇳

Travel fintech Scapia is in talks to raise 50-60 million USD in funding led by US-based venture capital firm General Catalyst. The startup plans to scale its co-branded credit card and international travel booking businesses. Nexus Venture Partners could also join the round alongside existing investors. https://economictimes.indiatimes.com/tech/funding/travel-fintech-scapia-in-talks-with-general-catalyst-to-raise-50-60-million/articleshow/129590742.cms #India #Tech #Fintech #Scapia

Tamil Nadu government invests Rs 25 crore in space startup Agnikul Cosmos to accelerate operational readiness and scale aerospace manufacturing. The funding will support stage recovery program and construction of integrated space campus on 300 acres near Kulasekharapatnam. https://economictimes.indiatimes.com/tech/startups/tamil-nadu-govt-invests-rs-25-crore-in-space-startup-agnikul-cosmos/articleshow/129579645.cms #India #Tech #Space

upGrad has signed a term sheet to acquire edtech firm Unacademy in an all-stock transaction. The deal includes a break fee clause and Unacademy co-founder Gaurav Munjal will continue to lead the company. Unacademy currently has more than 100M USD in cash reserves. https://entrackr.com/news/upgrad-set-to-acquire-unacademy-in-deal-with-break-fee-clause-11215415 #India #Tech #Edtech #upGrad

Monthly active users on merchant apps for Paytm and PhonePe have stagnated since late 2023, holding at roughly 14 million and 15 million respectively, even as their combined registered merchant base reached ~47 million and continues growing at 10-15% annually. https://indiadispatch.com/p/are-there-any-merchants-left-to-win #India #Tech #Payments

Dubai-based Solstice Data signs Rs 52,600 crore MoU for investment in Kerala. The AI data centre company will invest in Kannur's KINFRA Industrial Park over 5-7 years, marking a major digital infrastructure milestone for Kerala. https://economictimes.indiatimes.com/tech/artificial-intelligence/dubai-based-solstice-data-signs-rs-52600-cr-mou-for-investment-in-kerala/articleshow/129585840.cms #India #Tech #AI #DataCentre

Restaurant orders impacted by LPG shortage are recovering, says Magicpin. The food delivery platform reports demand is bouncing back as eateries adapt by switching to induction cooking, wood-fired stoves and electric ovens. Magicpin plans to distribute induction stoves to 10,000 affected restaurant partners. https://economictimes.indiatimes.com/tech/startups/lpg-shortage-orders-from-restaurants-start-recovering-says-magicpin/articleshow/129585339.cms #India #Tech #Startups #Magicpin

Tamil Nadu government has invested Rs 25 crore (2.9M USD) in space startup Agnikul Cosmos. The investment will accelerate operational readiness, scaling aerospace manufacturing capabilities, advancing stage recovery program, and developing an integrated space campus on 300 acres near Kulasekharapatnam. https://economictimes.indiatimes.com/tech/startups/tamil-nadu-govt-invests-rs-25-crore-in-space-startup-agnikul-cosmos/articleshow/129579645.cms #India #Tech #Startups #Space #Agnikul

Emversity, higher-education training platform backed by Premji Invest, buys back Rs 6.5 crore (0.77M USD) in ESOPs from 20 employees. The company, founded by ex-Unacademy COO Vivek Sinha, operates 60+ locations across 24 states. https://entrackr.com/snippets/emversity-buys-back-rs-65-cr-esops-from-20-employees-11206952 #India #Tech #Edtech #Emversity

Y Combinator has launched Startup School in India, a free online course offering personalized coaching and lectures for aspiring founders. The program targets engineers, builders, and entrepreneurs interested in the startup ecosystem. This marks Y Combinator's increased focus on the Indian market. https://economictimes.indiatimes.com/tech/startups/y-combinator-brings-startup-school-to-india-here-is-what-it-means-for-your-startup/articleshow/129560825.cms #India #Tech #Edtech #YCombinator

D2C baby products brand R for Rabbit nearly doubled its revenue to Rs 250 crore (29.4M USD) in FY25, growing from Rs 128 crore in FY23. The Ahmedabad-based company operates 3,000 offline partners and serves over 5 million parents. https://entrackr.com/fintrackr/r-for-rabbit-doubles-revenue-in-two-years-crosses-rs-250-cr-in-fy25-11206712 #India #Tech #Startups #RforRabbit

Google is bringing Gemini AI to Chrome in India, with sidebar access and support for 9 Indian languages including Hindi, Bengali, Tamil, and more. Users can ask questions about web content, summarize YouTube videos, and connect to Gmail, Drive, and other Google apps. https://techcrunch.com/2026/03/10/google-gemini-chrome-expands-to-india-canada-new-zealand/ #India #Tech #AI #Google

B2B agritech platform WayCool raises Rs 210 crore (22.7M USD) from Lightrock India in rights issue, first major equity funding in nearly 4 years. The company was last valued at 700M USD in 2022. https://entrackr.com/news/waycool-raises-rs-210-cr-from-lightrock-india-11211096 #India #Tech #Agritech #WayCool

Rapido has become the largest ride-hailing app in India by ride volume, surpassing the combined market share of Uber and Ola. The bike taxi startup has seen massive growth in tier 2 and tier 3 cities. https://indiadispatch.com/p/rapido-is-now-bigger-than-uber-and-ola #India #Tech #Startups #Rapido

Indian-origin AI researcher Devendra Chaplot has joined Elon Musk's xAI. Chaplot previously worked at Meta and is known for his research in language models and AI. This recruitment highlights India's growing prominence as a talent pool for global AI companies. https://economictimes.indiatimes.com/tech/technology/indian-origin-ai-researcher-devendra-chaplot-joins-xai/articleshow/129570032.cms #India #Tech #AI #xAI

The National Stock Exchange has appointed 20 merchant bankers and 8 law firms for its long-awaited IPO, the largest banker consortium on Dalal Street. NSE reported 17% revenue growth to Rs 19,177 crore and net profit of Rs 12,188 crore in FY25. https://entrackr.com/news/nse-appoints-20-bankers-8-law-firms-for-long-awaited-ipo-11208575 #India #Tech #Finance #NSE

UPI's transaction volume growth has more than halved from 82% in FY2023-24 to 42% in FY2024-25, and is projected to slow further to 25% this fiscal year. India's parliamentary finance committee is questioning whether the world's largest real-time payments network should continue to depend on government subsidies. https://indiadispatch.com/p/upis-growth-is-slowing-down #India #Tech #Fintech

Truecaller has rolled out a new feature that lets users hang up on suspected scam calls on behalf of family members. The admin can create groups of up to five members, receive fraud alerts and remotely end suspicious calls. The feature, initially launched in select countries, is now available worldwide including in India, Truecaller's biggest market. https://techcrunch.com/2026/03/12/truecallers-now-lets-you-hang-up-on-scammers-on-behalf-of-your-family/ #India #Tech #Fintech #Truecaller

India's cabinet approved amendments to the FDI policy, allowing investments up to 10% from Chinese beneficial owners through automatic route. The change revises Press Note 3 (2020) and aims to unlock capital for startups and deep-tech firms. https://entrackr.com/news/revised-fdi-policy-likely-reopen-chinese-funding-for-indian-startups-11201183 #India #Tech #Policy #FDI

WheelsEye, a logistics SaaS platform, posted Rs 243.4 crore revenue in FY25, up 17% YoY. Losses remained flat at Rs 47 crore despite revenue growth. The company provides truck booking, fleet management and GPS solutions. https://entrackr.com/fintrackr/wheelseye-posts-rs-243-cr-revenue-in-fy25-losses-remains-flat-11208516 #India #Tech #SaaS