Salesforce Acquires Moonhub, an AI-Powered Hiring Solutions Startup

Salesforce is integrating members of Moonhub’s team, an AI-driven startup specializing in talent acquisition, following Moonhub’s closure announcement. Though not a full acquisition, the move aligns with Salesforce’s growing AI strategy. Moonhub, backed by investors like Khosla Ventures and Salesforce, built tools for automated hiring. The team will now help enhance Salesforce’s AI-driven HR solutions.

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Samsung Eyes Deeper AI Integration with Perplexity

Samsung is reportedly planning to invest in AI startup Perplexity and integrate its technology into future Galaxy phones. Discussions include preloading its app, enhancing Bixby with Perplexity’s AI, and adding its search tools to Samsung’s browser. This move follows Perplexity’s $500M raise at a $14B valuation, drawing attention from Apple and Motorola too.

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UK’s Space Forge Secures $30M to Manufacture Semiconductors in Space

UK startup Space Forge raised $30M to produce advanced semiconductor materials in space, where microgravity yields purer crystals. Supported by the NATO Innovation Fund and defense giant Northrop Grumman, the company aims to power technologies ranging from 5G networks to quantum computing systems. Its first launch failed in 2023, but a new mission, “The Forge Awakens,” is set to demonstrate its tech later this year.

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Heatseeker AI Raises $1.5M to Disrupt Market Research with Real-Time Insights

Australian startup Heatseeker AI has secured $1.5M in US-led pre-seed funding to scale its behavioral research platform. With clients like Medibank, Tyro, and Bain, the platform captures real-time customer behavior. Led by ex-Cisco innovator Kate O’Keeffe, the team runs product in Australia and sales from the US—mirroring Atlassian and Canva’s global playbook.

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Nykaa’s Profit Triples, BPC Shines While Fashion Falters

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.

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UPI Dominates Digital India, CBDC Gathers Steam

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.

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Perplexity Unveils ‘Perplexity Labs’ to Expand Beyond Search with AI-Powered Productivity Tools

Perplexity has launched Perplexity Labs for Pro subscribers, enabling users to create reports, dashboards, web apps, and more using AI. Available on web and mobile, Labs boosts functionality with tools like code execution and data visualization. The move strengthens Perplexity’s enterprise appeal, aligning with reports of a potential $1B raise at an $18B valuation.

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Grammarly Secures $1B Non-Dilutive Funding to Fuel Growth and Acquisitions

Grammarly has landed a $1 billion non-dilutive commitment from General Catalyst’s Customer Value Fund, designed to support sales, marketing, and strategic acquisitions. Instead of equity, Grammarly will repay the capital via a capped share of revenue. The AI productivity firm, now led by ex-Coda CEO Shishir Mehrotra, earns $700M+ annually and continues evolving post its Coda acquisition.

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Snabbit Secures $19M to Accelerate Quick Service Expansion

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.

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Walmart International CEO: Rapid Commerce Powers 20% of India’s Ecommerce Sector


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.

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