In 2013, a single betrayal wiped out years of work for entrepreneur Pritesh Patel. There were no headlines or public sympathy. Just a sudden collapse and the difficult decision of whether rebuilding was worth the cost. Patel’s answer was shaped long before business entered his life. Raised around hard work rather than wealth, he spent his early years watching his grandfather farm the land. The lesson was simple and enduring: money can be lost, but dignity and discipline must remain intact. Stability, not spectacle, creates longevity. When Patel chose to rebuild, growth was no longer the goal. Structure was. In…
Author: Aman Atulya
Amagi delivered a sharp financial turnaround in the first half of FY26, driven by strong momentum in its core distribution and payout services business. The segment contributed nearly 98% of operating revenue, with income rising 36% year-on-year to Rs 690 crore during the period. Revenue from the company’s AdPlus segment remained largely flat at Rs 15 crore. Including other income of Rs 29 crore, Amagi’s total income climbed to Rs 734 crore in H1 FY26, up from Rs 551 crore in the same period last year. Controlled Cost Growth Supports Return to Profitability Employee benefit expenses continued to be the…
Deepinder Goyal, founder and CEO of Zomato’s parent company Eternal, has clarified that no public or commercial announcements have been made regarding Temple, an experimental health-monitoring device that recently drew criticism from sections of the medical community. In a post on social media platform X, Goyal said the device is still under development and that no official benchmarking or scientific validation data has been released so far. He added that the company is still months away from deciding whether to introduce preview devices to the public. Founder responds to criticism Goyal’s clarification follows criticism from doctors and influencers after he…
Skydo, India’s cross-border payments platform focused on exporters, has received final authorisation from the Reserve Bank of India to operate as a Payment Aggregator–Cross Border (PA-CB). With this approval, Skydo becomes one of the first cross-border fintechs in the country to secure the licence, marking a key milestone in India’s evolving global payments ecosystem. Strengthening India’s Export Infrastructure The RBI authorisation significantly strengthens Skydo’s position as a compliant, regulation-first payments partner for Indian exporters. The Bengaluru-based company currently serves over 30,000 MSMEs, freelancers, and startups across 50+ cities, enabling collections in 32+ currencies. As India targets USD 2 trillion in…
Digital payments unicorn Razorpay has reportedly started preparations for an initial public offering (IPO) and is looking to raise up to ₹4,500 crore (around $505 million) in fresh capital, according to an Economic Times report. Merchant Bankers Pitched, Timeline Still Fluid The Bengaluru-based fintech has invited merchant bankers to pitch for the IPO mandate, with Kotak Mahindra Capital and Axis Capital emerging as leading contenders. The IPO is expected to be launched towards the end of the year, though the final timeline and issue size are yet to be firmed up. The report also noted that Razorpay is in discussions…
Bollywood actor Neetu Chandra-backed agri-tech startup Agrifeeder has received certification from the United States Food and Drug Administration, clearing the path for exporting agricultural produce sourced directly from farmers in Bihar. The certification marks Agrifeeder’s formal entry into global markets and a significant step in its export-led growth strategy. Global Brand Launch in Delhi The announcement was made at an event in New Delhi, where the company unveiled its international-facing brand identity, Agrifeeder by Neetu Chandra. All export products will now be sold under this brand, with a focus on quality assurance, traceability, and farmer-first sourcing. Building Export-Ready Value Chains…
Aditya Birla Ventures, the private capital investment arm of the Aditya Birla Group, has joined the $70 million Series B funding round of US-based AI startup Articul8, marking another major Indian conglomerate’s push into artificial intelligence. While the firm did not disclose the size of its investment, the round values Articul8 at over $500 million, according to the company. Headquartered in Santa Clara, California, Articul8 focuses on enterprise AI models that run in isolated environments within a company’s own IT infrastructure. This approach is designed to address growing concerns around data security and information leakage in generative AI deployments. The…
Hyderabad-based space tech startup TakeMe2Space has raised $5 million in a seed funding round led by Chiratae Ventures, as it works toward building India’s first orbital data centre infrastructure. The round also saw participation from Unicorn India Ventures, Artha Venture Fund, and Seafund. The fresh capital will be deployed to expand the company’s satellite constellation, scale in-orbit AI computing capabilities, and accelerate research into high-power compute satellites. Founded in 2024 by Ronak Kumar Samantray, TakeMe2Space is building high-compute satellites and an orbital platform that enables customers to run AI models directly in space. The startup aims to make access to…
China has asked some domestic technology companies to temporarily halt orders for Nvidia’s H200 artificial intelligence chips, according to a report by The Information citing people familiar with the matter. The move comes as Chinese authorities review whether and under what conditions the advanced US-made chips should be allowed into the country. Why Beijing has intervened The report said Chinese officials are concerned that companies may rush to stockpile foreign chips ahead of a formal policy decision. By asking firms to pause new orders, authorities aim to retain control over the volume of high-end chips entering China during the review…
Industrial artificial intelligence startup Spector.ai has raised Rs 58 crore (about $6.7 million) in a funding round led by IvyCap Ventures, with participation from a group of US-based strategic investors. The financial terms beyond the headline amount were not disclosed. Use of capitalThe company said the fresh capital will be deployed to accelerate product innovation, expand enterprise deployments across global markets, and strengthen its core capabilities in artificial intelligence, knowledge graphs, and agent-based systems. The focus will be on industrial reliability and operational performance use cases across asset-intensive sectors. Company background and focusFounded to address the growing complexity of large-scale…