India may emerge as second-largest economy by 2038 with $34.2 trillion GDP – EY report

India is projected to become the world’s second-largest economy in PPP terms by 2038 with a GDP of $34.2 trillion, according to EY. Backed by young demographics, high savings, fiscal resilience, and structural reforms, the economy could touch $20.7 trillion by 2030. Experts note India’s strong domestic demand, policy reforms, and adoption of emerging technologies will drive growth despite global headwinds.

Union Minister Ashwini Vaishnaw inaugurates India’s first Tempered Glass Manufacturing Facility for Mobile Devices at Noida

Union Minister Ashwini Vaishnaw inaugurated India’s first Tempered Glass Manufacturing Facility in Noida by Optiemus Electronics and Corning. Built with a ₹70 crore investment, Phase 1 capacity is 25 million units, creating 600 jobs, and scaling to 200 million with ₹800 crore more. Vaishnaw highlighted India’s electronics manufacturing growth to ₹11.5 lakh crore, exports worth ₹3 lakh crore, 2.5 million jobs, and the upcoming Made-in-India chip rollout.

WhatsApp introduces Writing Help, an AI feature powered by Private Processing

WhatsApp has launched Writing Help, an AI-powered feature that refines messages with styles like professional or funny. Built on Private Processing, Meta AI generates suggestions without accessing message content. Validated by NCC Group and Trail of Bits, the feature is optional and off by default. Initially rolling out in English across the US and select countries, WhatsApp plans a wider global expansion.

Mastercard and Infosys Collaborate to Scale Cross-border Payments

Infosys and Mastercard have partnered to integrate Mastercard Move with Infosys Finacle, enabling faster cross-border payments. The collaboration helps financial institutions reduce implementation time and access services across 200+ countries and 150+ currencies, covering 95% of the banked population. Executives from Mastercard and Infosys highlighted the partnership’s focus on security, agility, and improved customer experience as global remittance volumes continue to rise.

Elevation Capital launches a $400M late-stage fund targeting companies near IPO

Elevation Capital has launched Elevation Holdings, a $400M late-stage fund for companies nearing IPO, complementing its $670M Fund VIII. With $20–50M ticket sizes, it targets consumer and fintech firms with tech focus. Spinny is its first bet. Elevation’s portfolio spans Paytm, Swiggy, Meesho, FirstCry, Ixigo, and Urban Company. The fund prioritizes profitability, aiming to back firms within three years of going public.

a99 to launch a $100 million Fund to back manufacturing and infrastructure startups

a99 VC, formerly Artha99, is raising a $100M Fund III to invest $5–10M each in 12–15 manufacturing and infrastructure startups across Pre-Series A to Series B stages. The fund has secured $30M in soft commitments and eyes a first close by April 2026. Founded in 2021 by Vignesh Shankar, a99 previously backed Intangles, Raptee, Vajro, Intents Mobi, and exited Futurice UK with 7X returns.

India Govt Launches JWG with Live Events Industry; BookMyShow, District, Wizcraft Join Mission for 20M Jobs by 2030

The Indian government has launched a Joint Working Group (JWG) with the live events industry, including players like BookMyShow, Wizcraft, Saregama, and District by Zomato, to boost growth and create 20 million jobs by 2030. Key steps include a single-window clearance on India Cine Hub, a digital music licensing registry, new infrastructure policies, skill development, and financial incentives.

Department of Posts & MapmyIndia team up to advance India’s digital addressing system using DIGIPIN

The Department of Posts (DoP) has partnered with MapmyIndia–Mappls to boost India’s digital addressing system via DIGIPIN. An MoU was signed at Dak Bhawan, New Delhi. MapmyIndia will supply base maps for the Know Your DIGIPIN app and integrate DIGIPIN into Mappls, improving location-based services. DoP’s Shri Harpreet Singh highlighted greater reach and accessibility, while Shri Rakesh Verma stressed empowering citizens. The move strengthens innovation and the Address-as-a-Service (AaaS) framework.

Jio launches Jio Frames an AI-powered smart glasses

Reliance Jio unveiled Jio Frames at its 48th AGM, marking its entry into smart wearables. The glasses feature a multilingual AI assistant in Hindi, Tamil, and Bengali, with HD media capture, hands-free operation, and Jio AI Cloud backup. Open-ear speakers support calls and media playback. Offering recipe guidance and real-time information, Jio Frames rivals Ray-Ban Meta, aiming to popularize AI-driven eyewear within the Jio AI ecosystem. Pricing and launch details await announcement.

Reliance and Meta Announce AI Joint Venture to Deliver Open-Source AI for India

Mukesh Ambani and Mark Zuckerberg announced a new joint venture to bring open-source AI solutions to Indian businesses. Powered by Meta’s Llama models and Reliance’s scale, the initiative will democratize AI for startups, enterprises, and industries nationwide. This partnership aims to fuel innovation, productivity, and sovereign AI adoption across India.

Reliance Deepens AI Partnership With Google to Build Jamnagar Cloud Region

Mukesh Ambani announced a strategic partnership with Google Cloud to drive large-scale AI adoption across Reliance businesses. The collaboration will launch a Jamnagar Cloud Region, powered by clean energy and Jio’s network, to deliver secure, scalable AI infrastructure. Sundar Pichai called it a transformative step to empower startups, enterprises, and India’s digital economy.

RIL Incorporates Wholly Owned Subsidiary ‘Reliance Intelligence’

Mukesh Ambani unveiled Reliance’s new AI subsidiary, Reliance Intelligence, at the 48th AGM. The company will build AI-ready green data centres in Jamnagar, form global tech partnerships, deliver affordable AI services for sectors like education, healthcare, and agriculture, and act as a talent hub for AI innovation. The move strengthens Reliance’s ambition to become India’s deep-tech powerhouse.

Laborate Pharmaceutical’s Aqualab achieves ₹100 crore revenue, eyes ₹250 crore with retail-first model

Aqualab, retail arm of Laborate Pharmaceuticals India, crossed ₹100 crore revenue in three years and targets ₹250 crore by FY25–26. Its 800+ SKUs and 500+ stockists drive Tier-II/III expansion. MD Arpit Bhatia cites scaling Direct-to-Retail and last-mile delivery. Leveraging Laborate’s GMP-certified facilities, Aqualab eyes exports, digital channels, and new categories in India’s ₹18,700 crore retail pharmacy market, projected at ₹31,200 crore by FY32. Founded 1985, Laborate operates in 55 countries.

Netrasemi raises $12.5M Series A funding led by Zoho

Netrasemi has raised ₹107 crore ($12.5M) in Series A funding led by Zoho, with Unicorn India Ventures and Maithan Alloys participating. This follows a ₹10 crore pre-Series A in December 2024. The round values Netrasemi at ₹630 crore ($74M), marking a 6.6X jump. Founded in 2020, Netrasemi builds energy-efficient SoCs for smart IoT, featuring an AI acceleration core (NPU) and silicon IPs for on-device analytics.

Nuyug secures ₹2.5 Cr pre-seed funding to fuel its offline presence, diversifying products & investing in R&D

Nuyug, a celebration-wear jewelry brand co-founded by Ankur Dua and Manali Thareja, raised ₹2.5 crore in pre-seed funding led by AJVC. The funds will support channel expansion, R&D, and product diversification. Nuyug bridges imitation and fine jewelry with skin-safe, gold-toned designs for weddings and festivals. In eight months, it achieved ₹1 crore ARR and launched 400+ products via its D2C platform, Myntra, Nykaa Fashion, and Amazon.

Cumin Co bags $1.5M to scale toxin-free cookware

Cumin Co has raised $1.5M in a Fireside Ventures-led round to boost enamel-based coating production and enhance its supply chain. Founded in 2025 by Niharika Joshi and Udit Lekhi, the brand offers toxin-free enamel cast iron cookware priced between ₹1,999–₹7,000. Targeting high-income households via a D2C model, it reports ₹1 crore MRR with 20% MoM growth, and plans expansions to Blinkit, Zepto, and Instamart.

Beatoven.ai launches Maestro, a fully licensed AI music model that pays artists royalties

Beatoven.ai has launched Maestro, a generative AI music model ensuring royalties for artists and rights-holders through full licensing and partnerships. Powering Beatoven’s Music Intelligence tools, Maestro creates instrumental tracks with planned sound effect and vocal support. Trained on licensed datasets via Musical AI, it guarantees attribution and payouts. CEO Mansoor Rahimat Khan highlights AI’s creative role. Industry leaders Ed Newton-Rex and Sean Power endorse its ethical approach.

IBM and AMD Join Forces to Build the Future of Computing

IBM and AMD are collaborating to integrate AI accelerators, quantum computing, and HPC. Leaders Arvind Krishna and Dr. Lisa Su emphasize transformative potential. Their quantum-centric architecture assigns tasks to optimal paradigms quantum for simulations, classical for data analysis. AMD’s CPUs, GPUs, and FPGAs will merge with IBM’s quantum systems for fault-tolerant computing. A demo launches this year, extending IBM’s partnerships with RIKEN and Lockheed Martin. AMD powers the world’s fastest supercomputers.

PedalStart Unveils Hustler Mela 3.0 – Biggest Live Pitching Event, Set to Deploy ~₹15 Cr Investments Across 10 Start-ups in a Single Day

PedalStart has launched Hustler Mela 3.0 in Bengaluru, a live pitching event deploying ~₹15 Cr across 10 startups. With 300+ investors, including angels, HNIs, and VCs, alongside 30 curated startups, the event fosters real-time evaluation and networking via PedalInvest Club. Co-founders Manas Pal and Aditya Darolia highlight building a learning-driven ecosystem. Hustler Mela promotes founder-investor collaborations through pitches, networking, and sessions on startup evaluation.

Ashray Akruti and Optum India launched ‘Mobile Hearing Clinic’ for Hearing Healthcare

Ashray Akruti and Optum India have launched a Mobile Hearing Clinic in Hyderabad to deliver hearing healthcare to underserved communities. Inaugurated by Mr. D.P.K. Babu and Ms. Uma Ratnam Krishnan, it offers free ENT check-ups for early detection and intervention. Mr. Babu stressed hearing’s role in education, while Ms. Krishnan highlighted Optum’s collaborative mission. Recognized by WHO, Ashray Akruti and Optum India, part of UHG, continue advancing healthcare access.

Pet care startup BhaoBhao raises grabs $200K to scale at-home pet grooming

BhaoBhao, co-founded by Aditi Sanganeria and Anshika Maheshwari, raised $200K from angel investors to scale its at-home pet grooming services. Operating in India’s $3.5B pet care sector, the Mumbai startup charges Rs 1,500–2,000 per visit, using certified groomers for dogs and cats. With 3,000+ clients and a 95% repeat rate, BhaoBhao now eyes a $4M- $5M funding round by year-end to expand services.

Apple & Jio team up to bring RCS messaging to iPhones in India

Apple and Reliance Jio have partnered to bring RCS messaging to iPhones in India, enabling Jio users to access rich features like read receipts and high-resolution media. The move modernizes SMS with secure transactions and alerts. With Jio’s vast user base, Apple expects rapid adoption. Simultaneously, Apple is expanding retail and manufacturing in India, planning to shift iPhone assembly for the US market to India by 2026.

TransBnk secures $25M Series B to expand API banking solutions in SE Asia & Middle East

TransBnk, a Mumbai-based API banking startup, raised $25M in Series B funding led by Bessemer Venture Partners with Arkam Ventures and Fundamentum. Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, it plans expansion into Southeast Asia and the Middle East. Its API platform links corporates, fintechs, and lenders to 40+ banks, serving 220+ clients, as India’s fintech sector targets $2.1T valuation by 2030.

India’s Bioeconomy to Touch $300 Billion by 2030, Says Dr. Jitendra Singh

Dr. Jitendra Singh marked the BioE3 Policy anniversary by launching the BioE3 Challenge for Youth and the National Biofoundry Network, targeting a $300B bioeconomy by 2030. India’s bioeconomy grew from $10B in 2014 to $165.7B in 2024. Key milestones include the Biomanufacturing Institute in Mohali and DBT-ISRO’s space biotech collaboration. The BioE3 Challenge supports youth-led innovations in health, agriculture, and environment through BIRAC funding.

Soon, Shops & Retailers in India Can No Longer Ask for Your Phone Number

India’s Digital Personal Data Protection (DPDP) Act, 2023, with draft rules rolling out in 2025, will make it illegal for retailers or visitor systems to ask customers to share mobile numbers aloud. Consent must be explicit, informed, and time-bound. Businesses must offer alternatives like email or physical receipts, store numbers only up to three years, and are barred from reusing or selling data bringing India closer to GDPR-like privacy norms.

D2C grocery startup Anmasa raises $1.1M Pre-Seed funding

Anmasa, a D2C grocery startup, has raised $1.1M in pre-seed funding led by Snow Leopard Technology Ventures, Veltis Capital, Blume Ventures, and Indigram Lab. Founded in 2024 by Yatish Talvadia and Shailendra Upadhyay, the Gurugram-based brand offers healthy staples like cold-pressed flours and wood-pressed oils via an omnichannel model with a store and 90-minute delivery. It plans 10 Delhi-NCR outlets, challenging giants like Aashirvaad, Fortune, and Emami in India’s ₹80,000 crore staples market.

Matiks secures $3.1M Pre-Series A fuel expansion & product enhancements

Matiks, a Bengaluru-based math mobile gaming platform, has raised $3.1M in pre-Series A funding led by Tanglin Ventures, with participation from Info Edge Ventures, Aman Gupta, Gaurav Munjal, Roman Saini, and Anil Goteti. Founded in Sept 2024 by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, Matiks offers competitive math games with live duels, challenges, and leaderboards. With 100K users and 50K+ downloads, the startup has launched a Creators Programme, tapping into India’s $3.8B gaming industry, projected to reach $9.2B by FY29.

Enmovil raises $6M Series A to fuel its expansion & tech advancements

Enmovil, an AI-powered supply chain platform, has raised $6 million in Series A funding led by Sorin Investments, with participation from Capria Ventures and Twynam. Founded by Ravi Bulusu, Nanda Kishore, and Venkat Moganty, the company plans to scale sales, enhance AI capabilities, and expand globally via strategic partnerships. Enmovil serves enterprises like Maruti Suzuki and Nestlé, while Sorin backed by Henry Kravis (KKR) focuses on transformative Indian businesses.

Capgemini to acquire Cloud4C, boosting its hybrid cloud & AI capabilities

Capgemini is set to acquire Cloud4C, a leader in automation-driven hybrid cloud managed services. Founded in 2014, Cloud4C’s 1,600-member team specializes in consulting, migration, and hyper-automated AI cloud operations, with strong expertise in SAP S/4HANA Cloud. The deal expands Capgemini’s cloud services footprint and strengthens its SAP leadership by combining Syniti’s data expertise with Cloud4C’s cloud management. The acquisition awaits regulatory approvals.

Microsoft has launched VibeVoice, a Open-Source Text-to-Speech Model

Microsoft Research has launched VibeVoice, an open-source TTS model enabling expressive, multi-speaker dialogues. Capable of generating 90-minute conversations with up to four speakers, it uses continuous speech tokenisers at 7.5 Hz for high-quality audio. Powered by Qwen2.5-1.5B and a 123M-parameter diffusion head, VibeVoice supports English and Chinese, embeds watermarks for safety, and is available on GitHub (MIT License) for research use.