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How will the rise of AI impact India's multi-billion dollar SaaS sector?

India’s consumer tech sector is entering an AI-driven era, where companies prioritise personalisation, data-led growth, and efficiency while maintaining trust, authenticity, and strong brand connections.

The funding will support the company’s expansion in India’s growing health and wellness food market.

The opportunity lies less in backing pure-play AI startups and more in enabling the broader ecosystem, tools, infrastructure, and applied use cases that will define India’s AI trajectory.

The three-month, equity-free programme will select up to 20 startups, starting in July 2026, with applications open until May 24, 2026.

The round also saw participation from BOLD, L’Oréal’s corporate venture capital arm, and Alkemi Growth Capital.

The satellite was launched aboard a SpaceX Falcon 9 rocket from Vandenberg, California.

The acquisition is being led by Lakshmi N. Mittal and Aditya Mittal in partnership with Serum Institute of India CEO Adar Poonawalla.

If completed, the deal would value Unacademy at more than 90% below its peak valuation of USD 3.4 billion in 2021.

Most recently, he served as Senior Vice President and Business Head for Swiggy Dineout, Assure, and Lynk, where he led growth initiatives and strengthened the company’s restaurant partnerships.

Deep tech investing is as much about patience and pattern recognition as it is about scientific rigor. And as venture capital leans back into its origins, the rules are being rewritten, once again.

Investors are shifting from AI hype to focused strategies, backing scalable startups, prioritising execution, managing costs, and betting on long term value across sectors as competition intensifies globally.

Before joining PhonePe, Jain founded WealthDesk in 2016, a platform that enabled users to invest in curated baskets of stocks and ETFs. He also launched OpenQ, focused on quant-led research and portfolio analytics.

Dholakia Lab Grown Diamond topped the funding charts this week, with Snabbit, Sahi, Kimbal, Metasports Interactive, and Oolka also securing major investments.

TIS 2026: Speakers shed light on how AI is redefining the future of innovation and society.

Experts also shed light on enterprise AI adoption maturity and highlighted the shift in required future workforce skills from data-centric to decision-centric problem-solving and governance.

India’s education system doesn’t just need smarter tools, it needs better teachers, stronger industry alignment, and a fundamental shift from passive learning to active creation.

The acquisition will enhance its offerings in key areas such as open banking, commercial lending, regulatory compliance, and fraud and financial crime management.

India’s rise offers a counter-narrative: a bottom-up, mobile-first, youth-powered ecosystem that could redefine what inclusive esports looks like globally.

The acquisition was aimed at strengthening Coforge’s presence in key markets and expanding its capabilities.

The acquisition builds on JSW One’s existing platform, JSW One Homes, and is expected to enhance its ability to offer integrated services across the home-building lifecycle.

The transaction is expected to close within calendar year 2026 and does not require regulatory approvals.

Earlier, co-founder Gajendra Jangid had stepped back from day-to-day operations.

The California-headquartered cybersecurity firm plans to integrate Portkey into its Prisma AIRS platform.

At the Entrepreneur India Tech & Innovation Summit 2026, Umakant Soni delivered a keynote that offered a reality check surrounding artificial intelligence and an expansive vision for the future of AI-led societies.

Existing investor Niveshaay also participated in the round, increasing its investment through a second follow-on funding.

Financial terms of the deal were not disclosed.

As distributed systems, collaborative platforms, and AI-driven environments continue to evolve, that question is likely to define the next wave of innovation.

The company will also increase its network to over 1,000 micro-fulfillment centers to support faster deliveries across both metro and non-metro markets.

The seed round was co-led by Inflection Point Ventures and Avinya Ventures, with participation from India Accelerator, Founder’s Avenue, Anthill Ventures, Finvolve, LVX, Vivek Sinha, and Shivakumar Ganesan.