India’s startup landscape is undergoing a sharp valuation correction, with at least 55 companies across fintech, SaaS, and consumer internet sectors raising capital at significantly reduced valuations
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OpenAI is negotiating a $40 billion funding round with Reliance Industries, Saudi Arabia’s Public Investment Fund, and UAE’s MGX, alongside potential investments from Coatue and Founders Fund, to advance its Stargate model and expand AI infrastructure
Delhivery has officially dissolved its UK-based subsidiary, Delhivery Corp, as part of a previously announced liquidation process. The company clarified that the move will not impact its financials, as the unit was not a material contributor to revenue
India's top ride-hailing platforms are shifting from traditional commission structures to a subscription-based model. After piloting it for autos, Uber and Ola are now extending this to cab drivers, charging a flat fee instead of taking a percentage of each ride
IPO-bound Groww has posted a sharp turnaround in its financials, with profits rising threefold to ₹1,819 crore in FY25 and revenue jumping 31% to ₹4,056 crore. The fintech firm also secured a fresh $200 million funding round from GIC and Iconiq Capital, strengthening its war chest just ahead of going public
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India’s aim of building its own ‘Big Four’ audit services firm is a notable proposal, but without a clear roadmap and buy-in from domestic players, the way forward looks unclear
Qualcomm Inc. has agreed to acquire Alphawave IP Group Plc for approximately $2.4 billion (183 pence/share), representing a 96% premium, to expand its AI and data‑center semiconductor capabilities, with the deal expected to close in Q1 2026
