More than three dozen Indian technology startups with a combined valuation of $100 billion are likely to launch their IPOs by 2027, as per a report by The Rainmaker Group. Young companies are now in better shape than in 2021 and 2022, said Rainmaker executive Kashyap Chanchani. Flipkart, PhonePe and OYO are among the startups looking to go public.

Of the 78 companies that launched their IPOs in FY25, shares of 34 ended the financial year below their issue price, Moneycontrol reported. Godavari Biorefineries led the fall with a 58% drop, followed by Carraro India and Western Carriers India. Ola Electric Mobility, Saraswati Saree Depot and Tolins Tyres are also among those trading below their issue prices.

Zach Yadegari is the 18-year-old Co-founder and CEO of Cal AI, an AI-powered calorie tracking app which generates $30-million annual revenue. The New York-based millionaire entrepreneur began coding at age of seven, launched his first app at 12 and built a gaming platform, which attracted five million users. Despite 4.0 GPA, colleges including MIT, Harvard and Stanford rejected his application.

Zach Yadegari, the 18-year-old CEO of $30-million ARR calorie tracking app Cal AI, shared a list of colleges that rejected his admission application, which included Harvard, MIT, Stanford, Yale, Columbia and Princeton. "That's nuts," Reddit Co-founder Alexis Ohanian reacted to Zach's X post. "You've a high probability to drop out," one said, while another asked, "This is a joke, right?

Dezime, a tech-driven interior solutions startup, has secured ₹2.5 crore in pre-seed funding from strategic investors, including Rishi Kajaria of Kajaria Tiles and Rishi Gulati of Chalo Holdings. The funding will enhance Dezime's AI and 3D visualisation technology, improving customer experiences. Focused on Delhi NCR, Dezime aims to offer faster, personalised home design solutions.

Better Nutrition, India’s first biofortified food brand, secured ₹10 crore in funding. Investors include Namita Thapar, Shantanu Deshpande, PV Sindhu, Aclr8.vc, and others from Google and Meta. The brand, which grew 5x post-Shark Tank India, will use funds to expand products, strengthen distribution, and scale farmer training. Previously, it raised ₹3.1 crore in 2022.

Infinity Fincorp secured $40 million in a Series A extension, with Beams Fintech Fund participating. The micro-LAP lender, backed by True North, serves small businesses in Tier 3 towns. The funds will expand its loan book and presence. Now an RBI-classified Middle Layer NBFC, the funds will expand its loan book and presence.

Pradeep Devarakonda, a twenty-year-old hailing from Guntur in Andhra Pradesh, has founded Krupa Corp. It is a construction solution startup that aims to streamline the procurement of construction materials for builders and infrastructure companies. Currently only offering steel, Pradeep has plans to scale to more construction materials soon.

Swiggy faces a ₹158 crore tax demand for FY 2021-22 over alleged violations related to cancellation charges paid to merchants. The Bengaluru-based company plans to appeal, claiming the demand stems from a misunderstanding of tax provisions. Experts suggest the case may set a precedent for how cancellation fees are taxed in the evolving digital economy.

China has discovered a crude oil reserve estimated at 100 million tons in the northeastern part of the South China Sea, according to a statement from the China National Offshore Oil Corporation (CNOOC). CNOOC said test drilling at the site yielded 413 barrels of oil and 68,000 cubic meters of natural gas per day.