Ronnie Screwvala: No Edtech Company Is IPO-Ready Today

Despite a wave of IPOs in India’s startup ecosystem, edtech remains absent. PhysicsWallah’s upcoming IPO is drawing attention, but upGrad’s Ronnie Screwvala warns the sector lacks maturity and profitability. He stresses sustainable growth, outcome-based learning, and the need for contraction over consolidation before edtech companies go public.

Read complete interview on YourStory

ePlane Company Lands $1B Deal to Deliver 788 Air Ambulances

The ePlane Company and have signed a $1 billion deal for 788 eVTOL air ambulances. Aimed at enhancing India’s emergency medical services, the e200x will enable faster patient and organ transport, bridging urban-rural healthcare gaps. ICATT has completed 2,348 airlifts, with plans to expand further.

Read more on YourStory

IIT Madras and ISRO Develop Indigenous Space Chip

IIT Madras and ISRO have jointly created the IRIS chip, an indigenous semiconductor for space and computing applications. Built on the Shakti processor, manufactured in India, it enhances ISRO’s mission efficiency and supports the ‘Make in India’ initiative, reducing reliance on foreign technology.

Read more on swarajyamag

Zomato Launches AI Support Platform ‘Nugget’

Zomato introduces ‘Nugget’, an AI-driven customer support tool developed by Zomato Labs. Handling 15 million interactions monthly, it automates 80% of queries, offering businesses worldwide customizable, low-cost support without needing developers. The platform is now available globally, with free access for founders stuck with legacy providers.

Read more on MoneyControl

Hotstar and JioCinema Merge to Form JioHotstar

Hotstar and JioCinema have merged into JioHotstar, combining content from Disney, Warner Bros, among others. The new platform targets over 500 million users with content in 19 languages. The merger, following Reliance and Disney’s venture, consolidates India’s streaming market, offering various subscription plans and sports rights.

Read more on TechCrunch

Sachin Bansal Steps Down from CEO Role at Navi, Will Serve as Executive Chairman

Sachin Bansal resigns as CEO of Navi Technologies and Navi Finserv, appointing Rajiv Naresh and Abhishek Dwivedi as CEOs respectively. Bansal will serve as Executive Chairman. The move follows RBI’s temporary lending halt, aimed at focusing on long-term growth. Both new CEOs were part of Navi’s founding team.

Read more on MoneyControl

IIT to Innovative Agriculture: Khetar’s Rainger Dehydrator Revolutionizes Farming

Monika Tiwari, from a farming background in Madhya Pradesh, founded Khetar in 2022 after studying at IIT Bombay. Her company introduced Rainger, a hybrid solar dehydrator to combat post-harvest losses. Khetar uses a pay-per-use model, charging Rs 6.45 per kg for processing, aimed at reducing agricultural waste while generating additional income through byproducts like aromatic water. The firm has plans to scale up, targeting Rs 4 crore by FY26, and sees S4S Technologies and Raheja Solar Food Processing as competitors.

Read more on YourStory

Coinbase Seeks Re-entry into India

Coinbase is actively working to re-enter the Indian market over a year after ceasing operations there. The U.S.-based crypto exchange is engaging with Indian authorities, including the Financial Intelligence Unit (FIU), to secure necessary approvals. This follows a challenging history in India where Coinbase previously had to halt services due to regulatory pressures. The move comes as part of Coinbase’s broader international expansion strategy, with India’s growing web3 ecosystem being a significant draw. However, the crypto market in India remains small due to high taxation on crypto transactions introduced in 2022.

Read more on TechCrunch

ISRO Achieves Milestone with 100th Mission, Launches NVS-02 for NavIC

India’s ISRO launched its 100th mission with GSLV-F15, deploying the NVS-02 navigation satellite from Sriharikota. This mission enhances the NavIC system, now with five satellites, improving regional navigation accuracy. Union Minister Jitendra Singh celebrated this as a historic achievement, highlighting the journey from ISRO’s inception to its current success under PM Modi’s leadership.

Read more on DDNews.

IIT Madras Gains Free Access to Perplexity AI’s Pro Version

IIT Madras students, faculty, and staff gain free access to Perplexity AI’s Pro version, announced by alumnus and CEO Aravind Srinivas. This advanced search tool, normally $20/month, offers deeper AI capabilities. The initiative aims to boost AI education and research. Srinivas is also looking to expand Perplexity’s operations in India and recently met PM Modi.

Read more on YourStory.