In a landmark shift for India’s ride-hailing industry, homegrown mobility platform Rapido has overtaken both Uber and Ola in monthly active users (MAU) , according to data from app intelligence firm Sensor Tower . The development marks a major turning point in a market long dominated by the two global and domestic giants.
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The One of a Kind Startup Awards 2026, an initiative by Cashfree Payments in collaboration with The Economic Times, has put AI-first innovation firmly in the spotlight, recognizing early-stage startups that are fundamentally rethinking how problems are solved across healthcare, fintech, education, and sustainability sectors .
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Hyderabad-based spacetech startup Skyroot Aerospace has officially entered the unicorn club, raising $60 million at a $1.1 billion valuation. The round was co-led by Sherpalo Ventures—the venture firm of early Google backer Ram Shriram—and Singapore’s sovereign wealth fund GIC .
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India’s deep-tech startup ecosystem is experiencing a significant surge in venture capital, with investors increasingly backing companies building foundational intellectual property in AI, semiconductors, robotics, space-tech, and climate tech .
After the frothy funding boom of consumer internet companies, the tide has turned. Limited Partners are now asking tough questions of VCs, including diversity (only 1.4% of funds are women-led), financial discipline (the importance of building lean), and regulatory preparedness for portfolio companies, particularly in fintech .
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The Indian Institute of Technology Madras marked a significant milestone on May 5, 2026, by hosting its first-ever Technology Summit at Bharat Mandapam, New Delhi . Under the theme “From IITM. For Bharat. Building Together.” , the summit aimed to build a collaborative framework for industry-academia-government partnerships to design, develop, and deploy technologies that will shape India’s journey towards a Viksit Bharat .
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India’s flexible workspace segment is poised for sustained expansion, with total capacity expected to grow 16–18% over the next two financial years to reach 140–145 million square feet, according to a report by Crisil Ratings . The sector has already witnessed rapid growth, recording a compound annual growth rate (CAGR) of approximately 23% over the past three fiscal years through FY26 .
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Samsung has officially launched the 2026 edition of its flagship Samsung Mobile Advance (SMA) program in India, offering deep-tech startups up to $50,000 in non-equity grant funding to build and scale next-generation mobile technologies.
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Goyal announced on X (formerly Twitter) that the first 100 units of the Temple wearable are ready to ship. Instead of opening the floodgates, the company is limiting early access to a curated group of athletes, scientists, doctors, founders, and creators .
In a startup era defined by hyper-growth and mass adoption, Temple’s controlled rollout is a refreshing anomaly—and it reveals a great deal about where the wearables market is heading
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Bengaluru-based semiconductor startup BigEndian Semiconductors has raised $6 million in a pre-Series A funding round led by IAN Alpha Fund, with participation from Vertex Ventures Southeast Asia & India, IvyCap Ventures, and angel investors . The funding will be used to commercialise the company’s first Vision AI system-on-chip (SoC) for the surveillance and CCTV market .
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Apollyon Dynamics, a Hyderabad-based defence-tech startup founded in a BITS Pilani hostel room, has raised ₹4 crore in a pre-seed funding round, achieving a post-money valuation of ₹25 crore. The round was led by Naandi Ventures, with participation from spacetech founders including Skyroot Aerospace, Dhruva Space, and Agnikul Cosmos .
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