Adobe has acquired Indian AI marketing intelligence startup Rilo, licensing its technology and onboarding its six-member team in the company's second acquisition from India.
D2C ayurvedic beauty brand The Ayurveda Co, along with sister brand Khadi Essentials, has formally shut down more than a year after ceasing operations, with cofounder Param Bhargava citing overexpansion.
Uber is set to lay off around 200 to 250 employees in India as part of a global restructuring that will eliminate roughly 3,300 roles worldwide, its largest reduction since the pandemic.
India's largest stockbroker Zerodha has received SEBI's approval to operate as a merchant banker through subsidiary Zerodha Corporate Advisors, as it diversifies beyond its core broking business.
Bengaluru-founded baby-tech startup Cradlewise has raised $12 million in Series A funding led by 3one4 Capital and Prudent Investment Management, taking its total funding to $26 million.
Chinese generative-3D start-up VAST has completed Series B and B+ rounds totalling roughly $446 million, led by Matrix Partners China, as investors bet on 3D generation becoming a major new AI application category.
Ringg AI, which builds AI agents to automate customer conversations and operational tasks for businesses, has raised $10 million in Series A funding led by Peak XV Partners.
Electronics and IT Minister Ashwini Vaishnaw says India's recent semiconductor progress marks only the beginning of a much longer national effort spanning two decades.
Fashion group House of Anita Dongre is combining point-of-sale, e-commerce and loyalty data into a single customer view through a new partnership with customer-engagement platform MoEngage.
Sydney-founded Gridsight has raised US$26 million in Series B funding led by Insight Partners to help utilities dynamically expose unused electricity network capacity rather than treating grid limits as fixed.