Handpicked Tech & Startup News
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Unacademy Slashes Cash Burn, Shifts Focus to Profit Over Growth
Unacademy plans to cut its core operations cash burn to under ₹200 crore in 2025—down 80% from ₹1,000 crore three years ago. CEO Gaurav Munjal says the focus is now firmly on profitability, not acquisitions. Meanwhile, its language app Airlearn is gaining traction, boasting 70K daily users and $2M in annual recurring revenue.
Read more on startuppedia
Intel to Cut 20% of Jobs? Report Reveals Major Restructuring Under New CEO
Intel is set to lay off over 20% of its workforce this week as part of a major shakeup under new CEO Lip-Bu Tan. The move aims to cut bureaucracy, refocus on engineering, and help the struggling chipmaker compete with Nvidia. Tan’s strategy includes restructuring, spinning off non-core assets, and revamping Intel’s product and manufacturing approach.
Read more on mint
Ather Energy Trims IPO Size Amid Market Conditions
Ather Energy, India’s electric two-wheeler startup, has cut its IPO size by 18% to ₹26.26 billion ($308M) citing market conditions. Targeting a $1.4B valuation, Ather plans to invest proceeds in a new Maharashtra plant, R&D, marketing, and debt repayment. The company saw strong 2024 sales growth and aims to strengthen its position against rivals like Ola Electric.
Read more on INC42
Flipkart to Shift Base from Singapore to India Ahead of IPO Plans
Flipkart announced it will move its holding company from Singapore back to India, a strategic step likely paving the way for its future public listing. The Walmart-backed e-commerce giant says the shift aligns with its Indian roots, growth potential, and commitment to boosting the country’s digital economy and innovation ecosystem.
Read more on The Hindu
Wayve Expands to Japan for AI-Driven Car Tech
British self-driving startup Wayve has opened its first Asian testing center in Japan to boost AI-powered driving software in partnership with automakers. The move aims to train its systems on Japan’s complex roads, enhancing global adaptability. Backed by SoftBank, Wayve’s tech ditches traditional maps, using camera-based machine learning for smarter autonomous driving.
Read more on Wayve
Musk’s Risky Move: Choosing Robotaxis Over Affordable EVs
Elon Musk ignored warnings from Tesla’s analysts and chose to focus on the Cybercab instead of the $25,000 Model 2. The team thought the Model 2 would sell well globally, but Musk went with the robotaxi. With Tesla facing tough competition and falling stock prices, this decision might hurt the company big time.
Read more on Yahoo
BluSmart Halts Services as Probe Hits Co-Founders’ Firm
BluSmart, India’s electric cab startup, has paused operations in cities like Delhi-NCR and Mumbai amid a SEBI probe into Gensol Engineering, linked to co-founders Anmol and Puneet Jaggi. The brothers stepped down after allegations of fund misuse. Investors are stunned, and while a Uber pivot is rumored, Gensol denies it.
Read more on TechCrunch
OpenAI in Talks to Acquire Windsurf for Over $3 Billion
OpenAI is in talks to acquire coding assistant startup Windsurf for over $3 billion, marking its biggest deal yet. The move signals a potential AI app acquisition race as big players look beyond in-house tools. The deal could raise antitrust questions, especially given OpenAI’s complex ties with Microsoft and competition with rivals like Anysphere.
Read more on Axios
EV Charging Startup IPEC Raises $3M to Boost Growth and Global Expansion
Bengaluru-based IPEC secured $3 million from Gruhas to scale its EV charging solutions and manufacturing. Founded in 2017, IPEC supplies top EV brands like Ather and Bajaj, delivering over a million chargers. The company aims to double revenue in FY26, expand globally, and drive “Make In India” power electronics innovation for the EV sector.
Read more on Entrepreneur
TSMC Posts Strong Q1 Amid AI Chip Boom, Keeps 2025 Growth Outlook
TSMC’s Q1 profits surged 60% to NT$361.56 billion, fueled by rising AI chip demand. Advanced tech like 3nm and 5nm chips led sales, with AI and 5G making up 59% of revenue. Despite U.S. trade tariff risks, TSMC maintained its 2025 growth forecast and continues investing billions in U.S. manufacturing expansion.
Read more on CNBC
Wall Street Sinks, Nvidia Slides Amid Fresh U.S. Chip Export Restrictions
Wall Street dipped Wednesday, led by chipmakers, after new U.S. export curbs hit Nvidia and AMD hard, wiping billions from their outlooks. Nvidia warned of a $5.5 billion charge, AMD $800 million. Investors grew cautious as trade tensions, tariff worries, and Fed rate speculations added uncertainty, despite strong retail sales data and stable earnings from United Airlines.
Read more on Reuters
Figma Files for IPO After Adobe Deal Collapse
Design software maker Figma has confidentially filed for an IPO with the SEC, following the collapse of its $20 billion Adobe acquisition due to regulatory hurdles. The move comes as tech IPOs face uncertainty. Valued at $12.5 billion in 2024, Figma continues to grow, backed by top investors and earning $600 million annually.
Read more on CNBC
China’s exporters hit hard as USA tariffs freeze orders
After the U.S. hiked tariffs on Chinese goods by 145%, many Chinese exporters like Conmo Electronic are watching U.S. orders vanish. At the Canton Fair, sellers voiced worries about frozen deals, delayed orders, and shifting markets. Some firms eye other regions like Nigeria, but many fear layoffs if this trade standoff drags on.
Read more on Reuters
upGrad partners with Dubai’s Seed Group to boost AI skills in UAE
India’s edtech giant upGrad joined hands with Seed Group, linked to Sheikh Saeed bin Ahmed Al Maktoum, to spread AI and data training across UAE and MENA. The goal’s to help businesses and govts gear up for the AI-driven future. upGrad’s aiming global too, and this deal speeds up their expansion dreams!
Read more on ISN
Investors Evaluate Tariff Exemptions, Boosting Wall Street
Wall Street saw modest gains: Dow up 0.27%, S&P 500 0.38%, Nasdaq 0.21% as technology, semiconductor, and electronics stocks rallied after tariff exemptions were announced on smartphones and computers. Despite early tech strength, worries about economic growth and future levies linger. Goldman Sachs benefits, while Citigroup downgrades U.S. equities amid caution. Investors now eye policy shifts and emerging economic indicators.
Read more on Reuters
Amazon CEO Urges Heavy AI Investment for Long-Term Gains
Amazon CEO Andy Jassy, in his annual shareholder letter, emphasized the need for aggressive AI investments to secure future profits. With over $100B planned in 2025 capex—mainly for AWS AI—Jassy called AI a “once-in-a-lifetime reinvention.” He highlighted current costs in data centers and chips but expects prices to drop as Amazon builds over 1,000 generative AI tools.
Read more on TechCrunch
Flipkart Bets Big on Quick Commerce in 2025
After a $379 Mn fund boost, Flipkart CEO Kalyan Krishnamurthy revealed plans to expand its quick commerce arm, Flipkart Minutes, from 300 to 800 stores by year-end. Despite tough competition from Blinkit, Zepto, and Instamart, Flipkart is eyeing India’s top cities where fast delivery demand is surging. The quick commerce market is rapidly growing, despite ongoing cash burn.
Read more on Inc42
xAI Acquires X in All-Stock Deal to Boost AI Ambitions
Elon Musk’s AI startup, xAI, has acquired social media platform X (formerly Twitter) in an all-stock deal, valuing xAI at $80B and X at $33B. The merger integrates data, AI models, and talent, strengthening xAI’s competitive edge. Musk aims to leverage X’s vast user base and data to accelerate AI development.
Read more on TechCrunch
Willow Acquires Elvie Amid Femtech Market Challenges
Willow, known for its wearable breast pumps, is acquiring UK-based Elvie as the femtech market faces consolidation. Elvie, once valued at $241M, struggled financially despite raising $186M. Willow aims to build a broader platform in the $60B women’s health industry, tackling market saturation, funding challenges, and the complexities of scaling hardware startups.
Read more on TechCrunch
Microsoft Boosts AI Power with 475MW Solar Energy Expansion!
Microsoft is expanding its renewable energy portfolio by adding 475 MW of solar power across Illinois, Michigan, and Missouri to meet the rising energy demands of its data centers. Solar’s quick installation and lower costs make it an ideal choice. With growing AI power needs, Microsoft continues to invest in renewables for faster, sustainable energy solutions.
Read more on TechCrunch
Google Snags Wiz for $32 Billion, Shaking Up Cloud Security
Google’s parent, Alphabet, just grabbed cybersecurity startup Wiz for $32 billion, its biggest buy yet! Founded in 2020 in Tel Aviv, Wiz secures multi-cloud setups and boasts $500 million in revenue. This move boosts Google Cloud’s edge over AWS and Azure, promising fiercer competition and top-notch security innovation.
Read more on Moneycontrol
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