TurboHire, an India-based recruitment automation platform, has secured $6million in Series A funding led by IvyCap Ventures. With its AI-powered solutions for large enterprises, TurboHire aims to streamline hiring processes and make talent discovery more efficient. The fresh capital will fuel product development and market expansion, responding to accelerated demand for digital hiring in South Asia and beyond.
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Healthtech platform Practo has reported a profitable fiscal year 2025 and announced intentions to expand internationally. The platform credits its turnaround to increased efficiency, rapid digitization of healthcare services, and strong domestic demand. Practo’s management says global expansion will focus on markets where digital health adoption is accelerating. This milestone highlights India’s healthtech sector’s resilience and growing influence beyond national borders.
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Tata Consultancy Services (TCS), the biggest name in Indian IT, is letting go of around 12,000 employees in the coming year. That’s a serious move. And while it’s being described as part of a tech transition, it also shows how much the industry is changing beneath the surface.
TCS is trying to reinvent itself by investing more in AI, automation, and newer work models. But it seems not every role fits into that picture anymore. Especially for those in middle and senior positions, the message is clear—the company is shifting gears, and not everyone will be on that ride.
They’ve also introduced new rules for employees who are between projects. Now, you need to be actively billed for most of the year. If you’re not contributing to a live project within a short time, your future at the company could be uncertain. That’s a big cultural shift from the way IT firms used to function.
What’s also interesting is that some insiders say the exit process is not as smooth as it sounds. While severance packages and benefits are being offered, there are reports of quiet pressure being put on employees to resign instead of waiting for a formal termination.
This isn’t just a TCS story. It reflects what’s happening across the tech space. Skills are evolving fast, and companies want talent that can keep up with that pace. If anything, this move is a reminder that staying relevant is now more important than ever.
Credit to Moneycontrol for the core updates
Mumbai-based startup Enlite has raised ₹46 crore in Series A funding led by Avaana Capital to take its AI-powered building automation systems global. Founded in 2017, Enlite makes plug-and-play solutions combining hardware, cloud, and edge AI—no rewiring needed. After bootstrapping for 7 years, the company now plans to expand into the Middle East and Southeast Asia while growing its presence across Indian sectors like hospitality, pharma, and real estate. Already deployed across 25 million sq. ft., Enlite’s tech aims to replace outdated, fragmented systems with smart, efficient automation. The team is also piloting an LLM directly on its hardware.
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Kerala-based semiconductor startup Netrasemi has secured ₹107 crore in Series A funding led by Zoho and Unicorn India Ventures. The funds will help ramp up R&D and manufacturing and launch four AI-powered SoC chips built for edge devices like CCTV cameras, robotics, and smart infrastructure. Netrasemi, started in 2020, targets energy-efficient chips that run AI directly on devices—no cloud needed. Zoho is backing the vision with a rural R&D center in Kerala. With plans to double its team and enter edge server markets, Netrasemi is emerging as a key player in India’s deep-tech and semiconductor growth story.
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Conversational AI startup Gupshup just bagged $60 million in fresh funding—mix of equity and debt—from Globespan Capital and EvolutionX. This cash boost will power its expansion across India, the Middle East, LATAM, and Africa. Honestly, it feels like Gupshup’s timing is spot on—AI agents are no longer “cool tech,” they’re becoming essential. With products like AI chat agents, campaign copilots, and WhatsApp integrations, Gupshup’s pushing hard to lead the next wave of customer engagement. Despite past valuation dips, this move signals confidence in its growth playbook. Big bets are on AI messaging, and Gupshup wants a big slice.
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Paytm surprised many by clocking a ₹122.5 crore profit in Q1, a sharp rebound from its hefty ₹838.9 crore loss during the same time last year. Backed by strong merchant growth and trimmed employee costs, the company clocked ₹1,917 crore in revenue and ₹72 crore in EBITDA. What’s really driving this? Smart use of AI, disciplined spending, and deeper monetisation through device subscriptions. Financial services doubled too, hinting Paytm’s lending game is maturing. It’s early days, but this feels like more than just a lucky quarter — the full-stack strategy might finally be clicking.
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Blinkit, Eternal’s quick commerce arm, is shifting from a marketplace model to full inventory ownership. Instead of just listing sellers, Blinkit will now stock products itself—aiming for better margins, smoother operations, and more control. This bold move could improve availability and fill rates, but it also means higher working capital. With over 1,500 dark stores and aggressive expansion plans, Blinkit’s eyeing profitability. Margins improved slightly this quarter, and leadership seems confident. It’s a risky play in a cutthroat space, but owning the supply chain might just give Blinkit the edge it needs.
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A new report by Nexgen Exhibitions says India urgently needs government incentives and investment in AI to bolster cybersecurity and border defence. Based on a survey of 200+ companies, 86% support stronger state involvement, while 14% back public-private partnerships. With 2.3 million cyber incidents and ₹1,200 crore in losses reported in 2024, the demand for an AI-driven security strategy is growing. Yet, India lacks a national AI defence framework. With global threats rising, the message is clear: without proactive action, India risks falling behind in AI-enabled warfare and defence innovation. The upcoming Police Expo 2025 will spotlight these challenges.
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Bengaluru-based deeptech startup QpiAI has secured $32 million in Series A funding from Avataar Ventures and India’s National Quantum Mission. The company plans to build a utility-scale quantum computer and expand globally. Known for delivering real-world quantum solutions in pharma and material science, QpiAI combines proprietary hardware, AI, and quantum software. With a team of top-tier researchers and global offices, QpiAI aims to push India to the forefront of quantum innovation, serving sectors like manufacturing, logistics, finance, and healthcare.
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