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Wednesday

8 stories you need to know from India's startup ecosystem.

8Stories
4Min Read
01
Funding 4 min read

Quanfluence Raised $10 Million To Build Four Qubits, And Sells Something Else Meanwhile

Four qubits is a very small number, and the gap between it and a hundred by 2029 is where the interesting part of this company sits. A four-qubit machine computes nothing commercially useful. Neither does a hundred, for …

02
Funding 4 min read

Navya Naveli Nanda Has Launched Naveli Ventures To Back Deep-Tech And Frontier Research

Family offices making this move is the pattern, and the timing is the interesting part. Indian family offices have historically invested in real estate, listed equities and businesses adjacent to whatever the family alre…

03
Banking & Finance 4 min read

The RBI Has Raised Rates For The First Time Since February 2023

The forecast revision explains the decision better than the rate move does. A quarter point takes the repo rate back to where it sat for most of last year, which on its own is unremarkable. What changed is the path. The …

04
Funding 5 min read

Zomint Raises ₹36 Crore to Turn a YouTube Finance Audience Into Wealth Clients

Wealth management in India has always had a floor. Below a substantial pool of investable assets, a dedicated adviser was uneconomic for the firm, so working professionals with meaningful but modest savings got an app, a…

05
Funding 5 min read

byteXL Raises $9M to Teach AI Inside the Engineering Degree, Not After It

India produces a very large number of engineering graduates every year, and many of them come from private colleges in smaller cities whose syllabi move slowly and whose faculty have little industry experience. The resul…

06
Funding 5 min read

Desible.ai Raises ₹32 Crore for Bank AI Agents That Can't Ad-Lib a Disclosure

Indian banks, NBFCs and insurers run on the telephone. A new borrower gets a welcome call. An insurance applicant gets a call to record their medical history, the tele-medical examination that often replaces a physical t…

07
Funding 4 min read

DeepSeek Is Reportedly Raising $12 Billion From Tencent, CATL And State-Linked Funds

A battery manufacturer putting billions into an AI lab is the detail worth stopping on. CATL makes cells for electric vehicles. It has no obvious use for a language model and no history of investing in software. The expl…

08
SaaS & Tech 4 min read

Schneider Electric Is Paying $22.6 Billion For PTC, And Its Own Shares Fell 8%

Jefferies put the paradox of this deal in one sentence, and it is worth taking seriously. Software valuations have been depressed by fear that AI will erode the business model, which is why PTC's shares had fallen about …

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