Uber rival inDrive scales beyond ride-hailing to capture more consumer spending
inDrive’s ad business, first piloted in July 2025, has served more than 2 billion impressions and attracted over 2,000 paying advertisers a month.
Uber invests $10M in Indian fleet operator Carrum at $168M valuation
Carrum Mobility operates about 5,100 vehicles in India and is Uber’s largest fleet partner for its premium Uber Black service in the country.
Sequoia doubles down on Cymphony as AI agents create new enterprise security risks
Cymphony was valued at more than $100 million in a $25 million Series A co-led by Sequoia and SMBC Fin Atlas Beyond Fund.
Krafton doubles down on India with another $250M bet beyond gaming
Krafton’s planned investment in India is set to surpass $500 million with its latest commitment.
Qualcomm backs Ultrahuman in $70M round on bet to turn smart rings into computers
Ultrahuman is targeting a $200 million annual revenue run rate by January 2027 as it builds a new Qualcomm-powered smart ring.
India’s richest man now wants to turn aging computers into AI-ready PCs
Jio is betting it can turn an aging computer into an AI-ready PC for as little as about $11 for two months.
India’s Unacademy sells to rival upGrad for $206M, about 94% less than its peak valuation
“We raised at a peak, but sold at a fraction of that,” Unacademy co-founder and CEO Gaurav Munjal wrote. “I’m not going to dress these facts up.”
Magna increases bet on battery swapping in India with $35M for Yuma
Magna’s investment in Yuma Energy has reached $87 million as the Canadian auto supplier increases its majority stake in the Indian battery-swapping firm.
Lachy Groom backs Indian startup aiming to keep aircraft aloft for a year
Founded by a 20-year-old, Alteon is developing autonomous aircraft that hopes to harvest wind energy to stay aloft for several months.
Meta executive leaves for OpenAI as the social media giant faces growing scrutiny in India
Sandhya Devanathan will oversee some OpenAI operations across Southeast Asia and Australia in her new role.