Uncategorized

The segment, which started as an on-demand and ‘instant’ model, first saw an impact on some services in a few micro-markets as several workers returned home due to assembly elections in West Bengal, Assam, Tamil Nadu and Kerala, as well as for the harvest season in agrarian states .

According to a Morgan Stanley report, the segment clocked 10 million monthly users in March . However, across several micro-markets in Delhi-NCR, Mumbai, and Bengaluru, 15-minute bookings have become unavailable for days and even near-term slots have turned grey .

AI voice-to-text startup Wispr Flow officially launched in India, introducing full Hinglish support and an Android app with a unique floating button interface. The company also deployed 100 branded auto-rickshaws across Bengaluru as part of an offline marketing campaign targeting commuters stuck in traffic.

Barely eight months after its $7 million seed round, Bengaluru-based fintech startup Oolka is back with a significantly larger cheque. The company has raised ₹130 crore (approximately $14 million) in a Series A funding round led by Accel India, at a post-money valuation of ₹730 crore (approximately $87.6 million) .

This rapid succession of funding—seed in August 2025, Series A in April 2026—reflects the intensity with which Oolka intends to address India’s rapidly growing credit management market . The platform leverages what it calls ‘agentic AI’ to help users track, manage, and improve their credit health, moving beyond passive score tracking to taking personalised actions on behalf of users .

In what could be one of the largest acquisitions in tech history, SpaceX announced it has secured an option to purchase the

The new rules, which operate within the existing framework of the Information Technology Act, 2000, introduce a principles-based, techno-legal approach to AI governance rather than a standalone AI law . This approach was further reinforced at the AI Impact Summit 2026 in New Delhi, where the government released the India AI Governance Guidelines, anchored in seven guiding principles or “sutras”: Trust is the Foundation, People First, Innovation over Restraint, Fairness and Equity, Accountability, Understandable by Design, and Safety, Resilience and Sustainability .

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 .

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 .

Nvidia officially launched its cloud gaming service GeForce Now in India—ending a 15-month wait that began with the initial announcement at CES 2025 . The service is now available in early access, with invitations rolling out on a first-come, first-served basis to users who registered on Nvidia’s India microsite .

What makes this launch genuinely significant is not just that it’s finally here, but how Nvidia has structured its entry: local infrastructure, aggressive introductory pricing, and a clear recognition that India’s gaming market is ready for a service that lowers hardware barriers.

A new Bengaluru-based startup is stepping in to change that equation. Helium, a tech-led real estate rental management platform, has secured its first funding round of ₹5 crore from a group of prominent startup founders. The round includes Albinder Dhindsa (CEO, Blinkit), Kunal Shah (CEO, CRED), and a host of other seasoned operators including Zomato cofounders Pankaj Chaddah, Mohit Gupta, Akriti Chopra, and Gunjan Patidar.