April 2026 - Page 4 of 10

Groww’s Q4 Profit Surges 122% to ₹686 Crore as Revenue Jumps 87%, Defying Market Volatility

the West Asia conflict rattled global markets and introduced significant volatility—wealthtech giant Groww delivered what can only be described as a blockbuster performance . The Bengaluru-headquartered fintech platform reported consolidated net profit of ₹686 crore for Q4 FY26, a staggering 122% year-on-year (YoY) jump from ₹309 crore in the same quarter last year .

Operating revenue surged 87% to ₹1,505 crore, up from ₹801 crore in Q4 FY25 . For the full financial year FY26, the company’s revenue from operations reached ₹4,644.6 crore, while net profit stood at ₹2,083 crore .

From Shark Tank Crash to Y Combinator: How Vecros Built India’s First GPS-Free Autonomous Drone

Two years ago, a moment of technical failure on national television nearly grounded the ambitions of a young drone startup. During their pitch on Shark Tank India Season 3, the Vecros drone lost its orientation and crashed while demonstrating obstacle avoidance—an unforgettable moment that could have ended their entrepreneurial journey .

Fast forward to 2026, and the narrative has completely shifted. Vecros, an Andhra Pradesh-registered deep-tech startup building autonomous spatial AI drones, has been selected for the Y Combinator (YC) Startup School—one of the world’s most prestigious startup accelerators that has launched giants like Airbnb, Dropbox, and Stripe .

HeyyPal Secures Funding from Abu Dhabi-Based VC at ₹20 Crore Valuation as Mental Health Tech Gains Global Attention

In a development that underscores the growing global interest in India’s mental health technology sector, HeyyPal, a real-time experts-led conversation platform, has raised funding from Abu Dhabi-based venture capitalist Umesh Bhatt at a valuation of ₹20 crore. While the exact deal size remains undisclosed, the investment signals rising investor confidence in scalable, tech-enabled mental health solutions that address one of the most pressing challenges of our time .

Can AI Unlock India’s $30 Trillion Economy by 2047? Experts Weigh In

At the AI Impact Summit 2026 in New Delhi, International Monetary Fund (IMF) Managing Director Kristalina Georgieva made a powerful case. She said that India’s goal of becoming a developed nation (Viksit Bharat) can be achieved with AI-driven innovation and expansion, and that the country could harness AI to achieve its target of a $30 trillion economy by 2047 .

AI and Semiconductor Design to Drive India’s Next Innovation Wave, Says Founders Forum CEO

At the recently concluded Founders Forum India in Mumbai, Carolyn Dawson, CEO of the global platform that connects leading entrepreneurs, investors, and corporates, offered a clear diagnosis of where India’s next wave of innovation will come from. In an interaction with The Economic Times, she identified artificial intelligence and semiconductor design as the twin engines that will drive India’s next phase of global trade and innovation leadership .

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Beyond the ₹4 Crore Offer: The IIT Grads Who Risked It All to Build a $61 Million AI Startup

an IIT degree has long been considered a golden ticket to corporate stability—a ticket to high-paying jobs in Silicon Valley or prestigious roles in global finance—two graduates from IIT Kharagpur have scripted a different kind of success story.

Meet Varun Vummadi and Esha Manideep, the co-founders of Giga, a San Francisco-based AI startup building voice-based agents for enterprise customer support. Their journey is a masterclass in risk-taking, resilience, and the shifting aspirations of India’s young tech talent.

The Great AI Exodus: Why Senior IT Leaders Are Leaving Corporate Jobs to Build Their Own Startups

For decades, the pinnacle of a career in Indian IT was the corner office—Vice President, Global Head, or Chief Delivery

Razorpay to Confidentially File for IPO at $5–6 Billion Valuation, Targeting $600–700 Million Raise

Razorpay, one of India’s most valuable fintech unicorns, is preparing to confidentially file for an initial public offering (IPO) within the next few weeks, according to multiple people familiar with the matter . The digital payments company is looking to raise between $600 million and $700 million, with an expected valuation of $5–6 billion—a significant markdown from its peak private valuation of $7.5 billion achieved more than four years ago .

Bridge to Bengaluru 2026: Karnataka’s Diplomatic Dialogue Sets Stage for Global Tech Collaboration

the Karnataka government convened the ‘Bridge to Bengaluru 2026 – Dialogue with Diplomats’ . Described as one of India’s most significant diplomatic engagements led by a state government, the event was designed to reposition Karnataka not just as a national leader, but as a global hub for innovation, trade, and people-to-people collaboration .

The gathering served as a strategic curtain-raiser for the 29th edition of the Bengaluru Tech Summit (BTS) 2026, scheduled to be held from November 17–19, 2026, at the Bangalore International Exhibition Centre (BIEC) under the theme ‘AI & Beyond’ .

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Krafton Expands India Gaming Incubator with Cohort 3, Direct User Acquisition Support, and First PC Title Launch

Krafton launched its India Gaming Incubator (KIGI) in 2023, the program was structured around a straightforward value proposition: financial assistance and mentorship from experienced game developers. Over two cohorts, 10 studios received funding and guidance, but a critical gap became apparent.

“Post second cohort, we saw there are gaps when it comes to acquiring users,” said Anuj Sahani, Head of KIGI and Director of Publishing at Krafton India. “The gap comes down to acquiring users and marketing the game” .