RBI Cancels Paytm Payments Bank Licence, Orders Winding Up
The central bank cited depositor harm and management failures — ending a banking experiment that had been on life support since 2022.
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Latest developments in startups, business, and technology across India, MENA, and global markets. Stay informed with breaking news, in-depth reporting, and analysis on entrepreneurship, innovation, and emerging trends.
Bengaluru’s LightFury Games Raises $11 Million from MS Dhoni and Seven Cricketers to Build India’s First AAA Cricket Game
The Unreal Engine 5-powered eCricket studio has now raised $19.5 million in total, with a cricketer-packed cap table and a 2026 launch on the horizon.
Cricketer Ajinkya Rahane joins Chupps Footwear as equity investor and strategic advisor
The Mumbai Indians and Gujarat Titans brand ambassador turns cap-table holder as Chupps taps celebrity credibility ahead of its pre-Series B close.
Bengaluru mobile gaming startup Spill Games raises $3.1 million in seed round co-led by Centre Court Capital and PeerCapital
The casual gaming studio behind Cozy Finds and Zen Math Crossword plans to test 20-plus new prototypes over the next 18 months after nearly quadrupling its total funding.
Rajasthan-based K-12 school network operator AITS raises $4 million in pre-Series A round backed by Udaan co-founder Sujeet Kumar
With 15 campuses and 10,000 students already enrolled, AITS is aiming for a 10x expansion to 100 campuses over the next three years — using an asset-light model designed for Tier 2 and Tier 3 India.
As Meta Keeps Poaching Her Founders, Mira Murati’s Thinking Machines Lab Signs a Multibillion-Dollar Deal With Google Cloud
Even as Mark Zuckerberg's Meta systematically hollows out her founding team, Mira Murati is securing the infrastructure backbone to build anyway.
India’s ED Files Criminal Complaint Against Builder.ai Founder Sachin Dev Duggal in Videocon Money-Laundering Case
The Enforcement Directorate has named the collapsed unicorn's co-founder as the alleged key beneficiary of a scheme to siphon Videocon funds — the latest blow in a mounting legal reckoning for a man who once personified British-Indian tech ambition.
Emversity acquires nurse-to-Germany placement platform Lanstitut for $4.25 million in its first-ever acquisition
Founded by former Unacademy COO Vivek Sinha, Emversity is opening an international demand channel for its talent pool — starting with Germany's worsening healthcare worker shortage.
Zerodha winds down its Zero1 creator content initiative, citing regulatory uncertainty
The bootstrapped broker's attempt to build independent, long-form financial storytelling at arm's length from its core business has quietly ended — and everything is coming back in-house.
Pune’s NudgeBee Raises $3 Million from Kalaari Capital to Put AI Agents in Charge of Cloud Operations
Founded in 2024, the startup already serves global enterprise Rackspace and claims its agents cut incident resolution time by up to 80% — a striking early signal for a two-year-old company.
Zerodha’s Rainmatter Backs Legaltech Startup Lawyered in $2.5 Million Pre-Series A Round
The Gurugram startup's AI platform covers 2 million vehicles and has resolved over 200,000 legal matters for fleet operators and individuals across India.
Lenskart’s Dress Code Crisis: What Really Happened, and What Changed
A leaked internal document. Two fired employees. Street protests in Surat. A CEO whose story changed twice. And a listed company that lost ₹7,000 crore in market cap in five days. Here is the full, factual account of what happened at Lenskart in April 2026.