EducateKaro – Handpicked Tech & Startup News | Quick, Smart Summaries
Handpicked Tech & Startup News | Quick, Smart Summaries
India has issued detailed guidelines under its EV manufacturing scheme, requiring a minimum ₹4,150 crore investment and 25% local value addition within three years. Global EV makers can import high-end models at reduced duties for five years. The move, eyed by Tesla and others, aims to boost domestic manufacturing and sustainable mobility in India.
Read more on: YourStory
Nykaa posted a sharp rise in profit, hitting ₹20.28 crore in Q4 FY25, thanks to its thriving beauty and personal care business. Revenue jumped 23% YoY, though fashion losses deepened. B2B expansion and order growth strategies paid off, but rising costs and fashion vertical struggles hint at uneven performance across segments.
Read more on:YourStory
UPI is clearly the backbone of India’s digital economy, now powering 84% of retail payments. Its explosive growth in QR codes and global expansion shows India’s fintech edge. Meanwhile, RBI’s CBDC pilots signal a strategic shift toward programmable money. The future? A hybrid payments system blending real-time rails with state-backed digital currency. A bold move.
Read more on:YourStory
Mumbai-based Snabbit has raised $19M in a Series B round led by Lightspeed, bringing its 2024 total to $24.5M. The quick service startup, now active in 10 micro-markets, plans to expand to 200+ in 9 months. Founder Aayush Agarwal cites strong traction in Mumbai and Bengaluru as the driver behind this aggressive growth push.
Read more on:YourStory
Walmart says quick commerce now forms 20% of its India ecommerce via Flipkart, which is rapidly scaling Flipkart Minutes with 800 stores planned. Backed by recent capital infusions, Walmart prioritizes growth over short-term profits. Meanwhile, Myntra received $125M funding and launched Myntra Global, aiming to serve the Indian diaspora with hyper-personalized fashion and beauty offerings.
Read more on:YourStory
India’s leading job portal, Naukri.com, has patched a serious vulnerability in its mobile apps that inadvertently revealed recruiter email addresses — a flaw that could have opened the door to phishing attacks and data misuse. The issue, however, did not affect the website version.
Source: TechCrunch
Mobikwik is seeing some serious traction in its payments business — but that wasn’t enough to balance out rising costs and a slowdown in its credit arm. The result? A deeper dive into losses this past quarter.
Source: YourStory
Logistics unicorn Delhivery reported its first-ever full fiscal year of profitability in FY25, with strong gains in EBITDA and net income driven by cost optimizations and growing customer activity, despite flat volumes and a dip in quarterly revenue.
Source: YourStory
In a major leap for wireless communication, IIT-Hyderabad, Japan’s Sharp Semiconductor Innovation Corporation (SSIC), and WiSig Networks have successfully tested Beyond 5G (B5G) and 6G technologies, demonstrating high-performance wireless capabilities comparable to current top-tier 5G networks.
Source: TOI
Former U.S. President Donald Trump has voiced frustration over Apple’s growing manufacturing operations in India, urging CEO Tim Cook to prioritize expanding production within the United States. The remarks come just days after India approved a major Apple chip project led by Foxconn, signaling Apple’s deepening commitment to Indian manufacturing.
Read more on TechCrunch
