It sits on your phone like an app and has never once asked for an update.
iPhone
B2B manufacturing startup CapGrid has closed a Rs 50 crore round of primary and secondary shares valuing it at Rs 430 crore, CEO Dheeraj Tiwari told ET. Hero Enterprise Venture Partners led, with Axilor, Anicut and Nexus returning.
Read more at The Economic Times →
Nvidia has invested in Bengaluru AI startup Simplismart as part of a $14 million Series B led by Dallas Venture Capital, with Accel, Shastra VC and Micromax joining. The four year old company, founded by former Oracle and Google engineers, is valued near $100 million.
Read more at businessremedies.com →
Jagruti Rehabilitation Centre, which provides mental health, addiction and dementia care, has raised Rs 28 crore in a Series A led by Alkemi Growth Capital. It will expand into new regions, add clinical capacity and build insurance and corporate partnerships.
Read more at Siliconindia →
Delhi B2B ecommerce startup Bijnis is now Zorit and has raised ₹27 crore led by Sparrow Capital, with Info Edge, WaterBridge and angels including Anupam Mittal. It is doubling down on inventory led quick commerce for offline retailers.
Read more at Inc42 →
Bengaluru's Venttup, founded in 2021, combines in house engineering with a network of mostly MSME manufacturers to take hardware and deeptech products from prototype to production. Its $3 million pre Series A was led by Rainmatter by Zerodha and Unicorn India Ventures.
Read more at Inc42 →Deeptech startup Carbelim, founded by Karthika Gopi and Rahul Babu, has received ₹10 crore from the IIT Madras Unicorn Frontier Fund. It builds microalgae based carbon capture and air purification systems and has filed 13 patents, seven in the US.
Read more at BusinessLine →Bengaluru's Maasi has raised ₹6 crore in pre seed funding led by Better Capital and Antler India, with angels including Rapido's Rishikesh SR. It will strengthen its caregiver network and training. The company launched publicly on 20 October.
Read more at Entrepreneur India →Hyderabad physical AI startup Tensrai has raised Rs 3.4 crore in pre seed funding from India Accelerator, Finvolve, Hyderabad Angels and others. It is building an autonomy platform that lets industrial robots, vehicles and machines carry out physical tasks.
Read more at Ascendants →Deeptech startup Viridian Ingni Propulsion has raised Rs 1.47 crore led by Inflection Point Ventures to move electric propulsion systems for vehicles, drones and robotics from prototype to a pilot production line, and to complete ARAI and ICAT certification.
Read more at Ascendants →
South Korean AI chip company FuriosaAI completed a $623 million Series D at a post money valuation of about $2.89 billion. It started raising in January with a target of $342 million to $570 million, and investor demand pushed the final size higher.
Read more at en.wowtale.net →
Bites, which turns company procedures into short branded videos sent via WhatsApp and Teams, raised a $40 million Series A led by PeakSpan Capital, taking total funding to $55 million. It plans to expand in the US, CTech reports.
Read more at calcalistech.com →
Hamburg deeptech startup MuRay has raised €7.1 million for technology that inspects dense components, such as 3D printed rocket engines and turbines, that conventional X rays struggle to penetrate, Sifted reports. The goal is finding dangerous defects before they fly.
Read more at Sifted →
San Francisco's Plato raised a $16 million Series A led by Nava Ventures, taking total funding to $19 million, to build simulated workplaces for training and evaluating AI. Gradient Ventures and Microsoft AI CEO Mustafa Suleyman also invested.
Read more at tokenpost.com →
Five years after it was allowed to invest in alternative investment funds, EPFO is drafting guidelines to do so, The Times of India reports. Its investment committee discussed allocating up to 3 per cent of fresh annual accretions to Sebi regulated category I and II AIFs.
Read more at The Times of India →London's AP Ventures held the final close of Fund III at $300 million from sovereign wealth funds, corporates, pension funds and family offices. It invests at seed and Series A in hydrogen, carbon capture and other industrial and energy technology, with 13 companies so far.
Read more at hedgeco.net →
Rajnish Kumar of ixigo has launched the Made in Fire Fund to back 10 technology startups from each IIT Kanpur graduating batch, starting with the Class of 2026. Each gets Rs 10 lakh to build and test its first product.
Read more at equitypandit.com →
European early stage firm Entourage, founded by Showpad co founder Pieterjan Bouten, closed its second fund at €100 million after passing its €75 million target within two weeks. It targets AI, robotics and deeptech, and backed unicorn Aikido Security.
Read more at tech.eu →
State backed Investinor is raising a new LP fund of about €200 million to €300 million to back early and growth stage venture funds in Norway, Sifted reports, aiming to bring more pension fund money into VC.
Read more at Sifted →Seaspan Vancouver Shipyards has launched a corporate venture fund for Canadian small and medium businesses in defence, marine and dual use technology, offering minority equity plus shipbuilding expertise, connections and mentorship.
Read more at canadianmetalworking.com →Revolut announced on 26 October the creation of Revolut Ventures in Luxembourg, a platform letting eligible customers invest in unlisted technology companies, with commercial launch planned for 2027, Paperjam reports. Its name has returned to CSSF registers seven years after an earlier withdrawal.
Read more at en.paperjam.lu →Phaze Ventures has secured more than $40 million in commitments for two funds targeting over $75 million, investing in AI and advanced technology internationally with a separate channel for Omani AI businesses. It has already invested over $10 million in 10 companies.
Read more at TradingView →
Jio Platforms listed on the NSE and BSE, opening at Rs 1,358, a 21 per cent premium to its Rs 1,119 issue price, and closing day one at Rs 1,419, India IPO reports. The offer ran from 21 to 23 October.
Read more at indiaipo.in →
Pine Labs reported consolidated net profit of Rs 38.57 crore for the September quarter, up from Rs 5.97 crore a year earlier, as revenue rose 24 per cent on more transactions from its merchant network and a growing prepaid issuing business.
Read more at The Economic Times →
Meesho's contribution margin rose to 6 per cent of net merchandise value in Q2 FY27 from 4.6 per cent in the June quarter, ET reports, but the value commerce platform expects pressure as it steps up festive season investments.
Read more at The Economic Times →
Shadowfax's Q2 FY27 net profit rose to ₹68 crore from ₹13 crore a year earlier, Inc42 reports. Operating revenue rose 57 per cent to a record ₹1,537.7 crore, its sixth straight quarter of more than 55 per cent growth.
Read more at Inc42 →
Fino Payments Bank reported a Q2 FY27 net loss of ₹20.9 crore against a ₹15.4 crore profit a year earlier, its second straight loss after operational disruptions in February. Total income fell 16.6 per cent to ₹333.6 crore.
Read more at Inc42 →ANSR, which helps global companies set up Global Capability Centres, is considering a 2027 IPO to give long standing investors an exit and fund expansion, BusinessLine reports. Backed by Accel, Accenture and ServiceNow, it is profitable and plans more AI investment.
Read more at BusinessLine →Freshworks has acquired Robusta Dev, an AI engine that investigates technology disruptions, finds root causes and recommends fixes, to strengthen its Freshservice IT service management platform alongside FireHydrant. It works like an AI site reliability engineer.
Read more at BusinessLine →Peak XV backed Dashverse has shut its consumer microdrama platform DashReels and is looking to raise $30 million to $40 million to sell AI video production software, Frameo AI, to entertainment companies, ET reports.
Read more at The Economic Times →
Startups have closed at least 114 Series A rounds of $100 million or more this year, over 70 per cent to AI, Crunchbase reports. US Series A rounds fell 28 per cent to 272 in the third quarter, while seed held up at 984.
Read more at news.crunchbase.com →
Info Edge founder Sanjeev Bikhchandani will return as managing director and group CEO from 3 December, as Hitesh Oberoi steps down after nearly 27 years with the Naukri.com owner, People Matters reports.
Read more at peoplematters.in →
Kochi startup Menuthere has launched Zao, an AI agent that lets restaurant owners build and run commission free online ordering by chatting in plain words. More than 1,000 restaurants in over 70 countries use Menuthere.
Read more at ThePrint →
Bengaluru spacetech Pixxel has set up Pixxel Federal to serve US civilian, defence and intelligence agencies, building on work with NASA and the National Reconnaissance Office. It raised $100 million last month and plans an office near Washington, DC.
Read more at Inc42 →
Indian deeptech companies remain heavily dependent on imported chips, battery cells, rare earth magnets and specialised materials, ET reports. A spacetech founder said geopolitical tensions have stretched procurement timelines from weeks to months.
Read more at The Economic Times →Bengaluru's CloudSEK has launched CloudSEK Launchpad, a 12 week programme for 10 early stage cybersecurity startups with up to $5,000 in AI model credits and mentorship. Applications close on 20 November. It also launched an AI security gateway.
Read more at CNBC-TV18 →A Sifted piece asks why so many European founders still run hiring from a spreadsheet, and argues recruiting software was built for large organisations with six figure implementation costs and months of onboarding.
Read more at Sifted →Nigerian fintech Moniepoint is restructuring its engineering and product teams into smaller end to end groups, with some roles redundant, TechCabal reports. Affected staff are being offered a voluntary exit package, with the process due to finish by end December.
Read more at techcabal.com →Startup roles in India first, then global and remote, checked today. Every listing links to the original posting. Equity is between you and the cap table.
Founder meetups and demo days coming up, each checked against its own page this morning. Bring a one line pitch, then shorten it.
Startup-relevant research on AI, markets and product. Preprints say so on the card. Findings stay where the source put them.
Announce Type: new Abstract: Machine learning models deployed behind query interfaces expose more than their predictions, because an adversary can use those predictions to rebuild the model itself. Model stealing attacks (MSAs) exploit this exposure by training a surrogate model. Preprint, not peer reviewed.
Announce Type: new Abstract: Multimodal intelligence can be viewed as human-guided co-evolution between worlds and agents through interaction. However, scaling this process faces two bottlenecks: constructing heterogeneous, verifiable environments is costly, and manual Harness iteration cannot keep pace with growing. Preprint, not peer reviewed.
Announce Type: new Abstract: Tool-assisted planning success can reflect external search and verification, leaving a model's unaided planning ability unresolved. We isolate innate planning through complete plans generated in one response without tools or execution feedback. We propose a verifiable. Preprint, not peer reviewed.
Announce Type: new Abstract: Prefix caching enables a Large Language Model (LLM) servers to reuse the Key-Value (KV) states and accelerate prefill computation stage for requests that share a prefix with earlier prompts, thus reducing latency and serving cost. With. Preprint, not peer reviewed.
Announce Type: new Abstract: Memory-agent benchmarks often collapse retrieval and answer generation into one score, making it hard to tell whether a failure comes from missing an update or from not using an update that was already retrieved. We examine. Preprint, not peer reviewed.
Announce Type: new Abstract: As AI begins to match or exceed human researchers at core scientific tasks, two questions become pressing: \emph{why} should humans keep doing science, and \emph{how} should they use AI when they do? This paper argues that. Preprint, not peer reviewed.
Announce Type: new Abstract: Each new generation of frontier model pushes the edge of what is possible. Inside a harness -- a loop, a shell, a filesystem, the ability to write and run its own code -- a model can. Preprint, not peer reviewed.
Cambridge researchers have created a groundbreaking $10 optical sensor that delivers the precision of laboratory equipment in a device small enough for wearable technology. It identified foods, plastics, and medicines with 100% accuracy in tests and demonstrated the ability to monitor blood glucose, alcohol, and other health markers.
Talks for founders and early teams. Each one was still up on YouTube this morning.
Why The Harness Matters More Than The Model | YC Paper Club. From Y Combinator, 1h 00m.
Open Models Change The Economics of AI. From Y Combinator, 57 min.