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Tuesday

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

6Stories
3Min Read
01
Spotlight 5 min read

Adani and Jabil Sign a Non-Binding Deal to Build AI Racks in India, Not the Chips Inside Them

For two years the global conversation about AI infrastructure has been about chips. The constraint now runs further along the chain. A working AI data centre needs racks that integrate dozens of accelerators with network…

02
Funding 5 min read

wudhomes Raises ₹2.5 Crore to Own Every Step From Inspiration to a Custom Sofa

Furnishing a new flat in an Indian city is a project with too many moving parts. The ideas come from Instagram and Pinterest. The sofa comes from one place, the coffee table from another and the side chairs from a third,…

03
Funding 5 min read

Manus Raises $500 Million From Chinese Backers After Beijing Blocked Its Sale to Meta

Manus did what many Chinese-founded AI companies have done to reach global markets. It moved its people and its headquarters to Singapore, took money from US investors and then agreed to sell itself to an American techno…

04
Markets & IPO 4 min read

Zetwerk's IPO Prices It At About 1.6 Times Revenue, Not A Platform Multiple

Divide the valuation by the revenue and the question of what Zetwerk is gets answered. ₹25,583 crore against FY26 revenue from continuing operations of ₹15,913 crore is roughly 1.6 times. For comparison, Schneider Electr…

05
Markets & IPO 4 min read

IonQ Is Buying Its Way Into Cybersecurity, And Paying In Its Own Shares

The consistent feature of IonQ's expansion is not what it buys but what it pays with. Six acquisitions in 2025 cost $2,659 million, of which $2,536.4 million was stock and $58.4 million was cash. SkyWater cost $1.8 billi…

06
Spotlight 6 min read

Getty Images Plans Bankruptcy to Go Private, With the Getty Family and Koch Taking All of It

The striking thing about Getty's restructuring is that the business did not shrink first. Revenue in 2025 was the highest in the company's 30-year history. What failed was the balance sheet, and the plan that was meant t…

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