In a landmark move that could reshape the global digital payments landscape, the National Payments Corporation of India (NPCI) is planning to make the UPI technology stack open source. This decision is expected to accelerate fintech innovation, reduce development barriers, and encourage global adoption of India’s digital payments infrastructure .
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A quiet but profound shift is underway in India’s corporate corridors. Over the past 12 to 18 months, artificial intelligence has moved from experimental pilots to the top of boardroom agendas, fundamentally changing how directors approach governance, strategy, and risk management . What was once a technology initiative led by CIOs and CTOs is now a core strategic priority demanding active stewardship from the board itself .
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Indian healthtech startup Artelus has been named the winner of the prestigious Roche Drishti HealthTech Challenge, a joint initiative by the Department for Promotion of Industry and Internal Trade (DPIIT) and Roche Pharma India under the Startup India program . The recognition comes with a financial grant of ₹35 lakh to co-develop and pilot the winning solution in partnership with Roche Pharma India.
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The Indian startup ecosystem witnessed a blockbuster funding week, with venture capital inflows crossing the $1.09 billion mark**—the highest weekly total since 2023 . The surge was driven almost entirely by **CRED’s monumental $900 million Series H round led by Meta, which accounted for over 80% of the total funding .
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India’s fintech ecosystem is undergoing a fundamental transformation. The era of rapid, unchecked growth is giving way to a more mature phase defined by strategic acquisitions, secondary sales, and rigorous IPO preparation. This shift is creating diverse liquidity pathways for founders and investors—a sign of a maturing market rather than a slowdown .
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Consumer-tech startup Nothing has officially confirmed the design and launch timeline of its upcoming Phone 4b, generating significant buzz ahead of its India debut on July 7, 2026 . The announcement marks the introduction of an entirely new “B Series” in the company’s smartphone portfolio—a more affordable entry point into the Nothing ecosystem, positioned squarely for the value-conscious Indian consumer .
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In a landmark move that underscores the growing importance of autonomous AI in enterprise software, marketing-tech unicorn MoEngage has acquired San Francisco-based AI startup Aampe in an all-cash deal, marking the company’s first-ever acquisition. The acquisition brings Aampe’s unique “one agent per user” decisioning technology into MoEngage’s platform, creating what the company calls an Agentic Customer Engagement Platform (Source: MoEngage Official Blog).
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Bengaluru-based deep-tech startup QOSMIC has secured $3.33 million (approx. ₹31 crore) in a seed funding round to build laser-based communication systems for satellites, addressing a critical bottleneck in the rapidly expanding space industry .
The round was led by global venture capital firms Accel and Prosus, with participation from South Park Commons, ARTPARK, and angel investor Manish Jain . QOSMIC was also among six startups selected for the inaugural Atoms X cohort, a joint initiative by Accel and Prosus backing breakthrough science-led innovations .
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Former Infosys CEO Vishal Sikka has launched his new AI venture Hang Ten Systems, securing $32 million in seed funding to help large enterprises navigate the AI transformation . The round was led by Mayfield, with strategic participation from Aramco Ventures and a group of angel investors . Yahoo co-founder Jerry Yang has also joined the company’s board .
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India’s sovereign AI push is gaining significant momentum as Sarvam AI emerges as the country’s flagship homegrown artificial intelligence venture. The Bengaluru-based startup, which recently achieved unicorn status with a $1.5 billion valuation** after raising **$234 million in its Series B round, is at the forefront of India’s drive for indigenous AI infrastructure and large language models tailored to the nation’s unique linguistic and cultural diversity .
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