Swiggy Q1 losses narrow; Groww founders plan new fundHappy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch.
Sarvam appoints Thinking Machines Lab founding member Devendra Singh Chaplot as advisorSarvam AI has appointed Devendra Singh Chaplot as an advisor. Chaplot was a founding member of Mistral AI and Thinking Machines Lab. The ap...
AI blows up IT playbook: Lines between AI labs and IT services firms start to blurThe enterprise services business they have dominated for decades is beginning to see a new breed of rival. OpenAI and Anthropic are no long...
Klassroom bets on AI tutor, regional content as it prepares for SME IPOThe Mumbai-based company, which has filed draft papers for a BSE SME IPO, plans to use the fresh issue proceeds to strengthen its AI/ML tec...
HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hubHCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastruc...
HCLTech to set up Rs 14,257 crore AI data centre in Odisha with SarvamHCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The init...
Centre to back 20 sovereign AI modelsThis includes 30 billion and 105 billion parameter models by Sarvam AI, a speech-to-speech model by Gnani.AI, BharatGen's multilingual foun...
Govt identifies 20 indigenous AI foundation model proposals under IndiaAI Mission: ParliamentIndia's government is supporting twenty indigenous sovereign AI model proposals. These include twelve large and eight small language models...
ETtech Explainer: Why AI startups like Emergent, Sarvam, UnifyApps are seeing bigger bets & soaring valuationsIndian artificial intelligence startups are experiencing significant funding and valuation surges. Emergent and Sarvam AI recently achieved...
Meet the Indian startups that joined the billion-dollar club in H1 2026The startups span artificial intelligence, fintech, spacetech, and proptech, portraying the growing diversity of India’s startup ecosystem....
Vibe-coding startup Emergent's valuation jumps 5x to $1.5 billion in new fundingThe latest financing takes Emergent's total capital raised since inception to $230 million. The startup last raised $70 million in January,...
AI startup UnifyApps eyes $120 million from EQT as valuation set to tripleThe investment, which comes less than a year after the New York and Gurgaon-based startup raised $50 million from WestBridge Capital, is ex...
Govt working with Sarvam and BharatGen for Mythos-like modelsThe government has also deployed a combination of open source models, which includes Sarvam, to plug gaps in critical infrastructure. This ...
Elevation’s new India fund; InsuranceDekho charts D-Street pathHappy Tuesday! Elevation Capital is looking to back early-stage AI startups in India from its newest fund. This and more in today’s ETtech ...
HCLTech’s Q1 net profit rises 20% to Rs 4,624 croreThe Noida-headquartered company reported a 12% growth in revenue year-on-year for the April-June period to Rs 34,579 crore, although it gre...
Open-source AI will offer India code sovereignty: ExpertsIndia cannot own every AI layer, but open ecosystems and optionality can avoid vendor lock-in and establish control over critical data, gov...
India’s AI upstarts rake in $1 billion in H1 2026 as VCs double downIndian AI startups secured over one billion dollars in funding. This investment surge reflects a growing focus on frontier technology. Sarv...