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  • Indian Venture Firms Embrace Government Fund to Boost Deeptech Startups

    This article was generated by AI and cites original sources.

    Over 100 Indian venture capital firms, including Mela Ventures, Blume, and Ideaspring, have applied for the Indian government’s Rs 1 lakh crore RDI fund to support deeptech startups, reports Tech-Economic Times. The fund, overseen by the DST, provides various financial instruments like loans, equity, or fund contributions to nurture the growth of India’s tech landscape.

    This surge in applications signifies a growing focus on deeptech within India’s startup ecosystem. By leveraging the RDI fund, venture capital firms aim to fuel innovation and propel the development of cutting-edge technologies across various sectors.

    Deeptech, characterized by its focus on fundamental technological advancements and disruptive innovations, holds the potential to revolutionize industries and drive economic growth. The government’s initiative to channel funds towards deeptech startups not only fosters entrepreneurship but also cultivates a fertile ground for technological breakthroughs.

    With the increasing convergence of venture capital and deeptech, the Indian tech sector is poised for accelerated evolution and global competitiveness, paving the way for a vibrant innovation-driven economy.

    Source: Tech-Economic Times

  • OpenAI Expands Free Offerings with GPT-5.4 Mini and Nano Models

    This article was generated by AI and cites original sources.

    OpenAI has announced the release of the GPT-5.4 Mini and Nano models, expanding its free-to-use offerings. These new models follow the launch of the more powerful GPT-5.4, providing smaller and more cost-effective alternatives for users prioritizing speed and affordability.

    The GPT-5.4 Mini boasts enhanced performance in tasks such as coding, reasoning, multimodal understanding, and tool use. It runs over twice as fast as its predecessor and demonstrates competitive performance compared to the GPT-5.4 on specific benchmarks like SWE-Bench Pro and OSWorld-Verified.

    The GPT-5.4 Nano is positioned as the most compact and economical version of the GPT-5.4 series, catering to scenarios prioritizing speed and cost efficiency. This model is well-suited for tasks like classification, data extraction, ranking, and coding subagents.

    OpenAI emphasizes that these models are designed for workloads where latency significantly influences user experience, such as responsive coding assistants, subagents for swift task completion, systems interpreting screenshots, and real-time multimodal reasoning over images.

    The introduction of the GPT-5.4 Mini as a subagent allows developers to offload specific tasks to this model while the primary GPT-5.4 focuses on planning, coordination, and final decisions. This setup enables efficient handling of narrower, parallel subtasks like codebase searches or document reviews.

    OpenAI highlights the GPT-5.4 Mini’s proficiency in complex computer-use tasks, including rapid interpretation of dense user interface screenshots and real-time image reasoning. Moreover, it narrows the performance gap with the flagship GPT-5.4 on visual benchmarks like OSWorld-Verified.

    Source: mint – technology

  • NPCI Focuses on Expanding UPI Adoption in Smaller States and Northeast India

    This article was generated by AI and cites original sources.

    The National Payments Corporation of India (NPCI) is redirecting its efforts towards fostering UPI growth in smaller states and the northeast region. The move aims to tap into new markets and drive the next phase of UPI adoption. Maharashtra leads in UPI transactions, accounting for approximately 10.4% of the total, followed by Karnataka at 5.3% and Uttar Pradesh at 5.2%. However, states like Gujarat, Madhya Pradesh, West Bengal, and Rajasthan contribute 2.5–3% each, handling 500–600 million transactions monthly.

    Despite the positive trend, challenges persist in the form of the Zero MDR regime, which constrains revenue opportunities for private entities. Additionally, government support currently covers only a fraction of industry costs and potential MDR earnings. In parallel, Udaan, an IPO-bound company, is undergoing a strategic shift back to the Indian market. The firm has experienced a decline in revenue from Rs 10,000 crore in FY22 to approximately Rs 4,561 crore in FY25. However, losses have narrowed by 37% year-on-year to Rs 1,055 crore. Udaan has streamlined its operations from 80 to 16 cities and operates 25 warehouses, serving 200,000 shops.

    The tech industry is witnessing a surge in interest in the government’s RDI fund, particularly as deeptech gains traction. VCs are actively engaging with the fund to explore investment opportunities. These developments underscore the evolving landscape of tech investments and strategic shifts within the Indian tech ecosystem.

    Source: Tech-Economic Times

  • Google Chrome Integrates Gemini AI: Enhancing Browsing with Advanced Features

    This article was generated by AI and cites original sources.

    Google is introducing Gemini AI integration in Chrome, revolutionizing the browsing experience. Initially available globally, this feature is now expanding to users in India, Canada, and New Zealand, offering advanced capabilities within the browser interface.

    The Gemini AI in Chrome empowers users to summarize content, draft emails, and edit images seamlessly without the need to switch tabs. This integration marks a significant advancement in user experience, streamlining tasks and enhancing productivity.

    Key features of Gemini in Chrome include an in-tab browsing assistant, enabling users to summarize web pages, generate quizzes from study material, and manage multiple open tabs effectively. Additionally, Gemini integrates with various Google apps like Gmail, Maps, Calendar, and YouTube, allowing for efficient multitasking and seamless information extraction.

    With support for over 50 languages, including Hindi, French, and Spanish, the Gemini 3.1 model ensures a diverse user base can benefit from its functionalities. While currently available for desktop and iOS users, Android users can access Gemini by activating the assistant through the power button.

    This integration of AI capabilities in Chrome sets a new standard for browsing experiences, catering to the diverse needs of users worldwide.

    Source: mint – technology

  • CRED Granted Final Payment Aggregator License by RBI

    This article was generated by AI and cites original sources.

    The Reserve Bank of India (RBI) has officially authorized CRED to function as a Payment Aggregator (PA), a significant milestone for the fintech company. This endorsement empowers CRED to enlist merchants, conduct payments on their behalf, and oversee settlements and refunds across various payment methods.

    The approval has been granted to Dreamplug Paytech Solutions Private Limited, the entity overseeing CRED’s payment operations. This green light now places the company’s payment system directly under the regulatory oversight of the RBI.

    This final authorization arrives approximately two years after the initial in-principle approval granted by the RBI, signifying a crucial step in CRED’s operational scope.

    Additionally, CRED and its affiliated entities currently possess a spectrum of regulatory licenses, including a Prepaid Payment Instrument (PPI) license from the RBI and a corporate agency license from the Insurance Regulatory and Development Authority of India.

    In the fiscal year 2025, CRED facilitated payments amounting to over Rs 8.5 lakh crore for more than 1.5 crore users, solidifying its significant impact on India’s financial landscape. The company claims that a substantial portion of credit card bill payments in India are currently channeled through its platform.

    Established by Kunal Shah, CRED offers users a comprehensive suite of financial management tools, including credit card payment management, credit score tracking, and financial activity monitoring across accounts.

    Source: Entrackr : Latest Posts

  • Transformative Tech Innovations Shaping the Startup Landscape

    This article was generated by AI and cites original sources.

    In the constantly evolving startup ecosystem, technology continues to play a pivotal role in driving innovation and addressing diverse societal needs. This daily news roundup highlights significant tech developments that are transforming the Indian startup landscape and beyond.

    A Mumbai-based fintech startup has unveiled a cutting-edge AI-driven personal finance management tool, aiming to revolutionize how individuals handle their finances by providing real-time insights and personalized recommendations.

    Additionally, a Bengaluru healthtech startup has announced the launch of a telemedicine platform powered by blockchain technology. This platform promises to enhance the accessibility and security of remote healthcare services, catering to the growing demand for convenient yet reliable medical consultations.

    Furthermore, a Delhi-based edtech startup has introduced an immersive virtual reality (VR) learning experience for students. By leveraging VR technology, the startup aims to transform traditional education methods and offer engaging, interactive lessons that stimulate students’ curiosity and creativity.

    These examples underscore the ongoing trend of startups harnessing technology to innovate and address various societal needs. As the startup ecosystem embraces technological advancements, such initiatives demonstrate the transformative power of tech-driven solutions across diverse sectors.

    Source: YourStory RSS Feed

  • M2P Fintech Expands Tech Infrastructure, Drives Revenue Growth Despite Widening Losses

    This article was generated by AI and cites original sources.

    Banking infrastructure startup M2P Fintech reported a 33% year-over-year increase in operating scale, surpassing the Rs 500 crore revenue mark in the fiscal year ending March 2025. The company’s API infrastructure enables businesses to launch branded financial services through fintech partnerships across Asia Pacific, MENA, and Oceania.

    Despite the revenue surge to Rs 506 crore, up from Rs 382 crore in FY25, M2P Fintech’s costs escalated by 90% during the same period. The firm’s revenue streams include API usage fees, card management charges, and commissions from banking collaborations.

    While the company generated revenue primarily domestically, it saw minimal export earnings. Notably, M2P also received income from non-operational sources, totaling Rs 531 crore last fiscal year.

    Technology expenditures, cloud services, and co-branding accounted for a significant portion of M2P’s costs, doubling to Rs 325 crore in FY25. Employee benefits expenses rose by 24%, reaching Rs 311 crore.

    Legal, advertising, and other overheads contributed to M2P’s total expenses of Rs 786 crore, reflecting a 49% year-over-year surge. The company’s losses widened by 91%, driven by increased technology-related costs.

    Source: Entrackr : Latest Posts

  • Officebanao Secures $7.7M to Enhance AI-Powered Commercial Interior Design

    This article was generated by AI and cites original sources.

    Indian startup Officebanao has successfully raised $7.7 million in funding to advance its technological capabilities in the commercial interiors sector. The investment will primarily focus on integrating artificial intelligence (AI) and machine learning into Officebanao’s platform, enabling automated design processes, predictive scheduling, and intelligent procurement matching.

    By leveraging AI and machine learning, Officebanao aims to streamline interior design projects, enhance efficiency, and deliver tailored solutions to their clients. The integration of these technologies is expected to revolutionize the way commercial spaces are conceptualized, planned, and executed, marking a significant step forward in the evolution of the interior design industry.

    This funding round underscores the growing importance of tech-driven solutions in traditional industries like commercial interiors. Officebanao’s decision to invest in AI and machine learning highlights the company’s commitment to innovation and staying at the forefront of technological advancements within the sector.

    Source: YourStory RSS Feed

  • Narayana Health’s Drone Partnership: Revolutionizing Healthcare Logistics

    This article was generated by AI and cites original sources.

    Narayana Health, a Bengaluru-based hospital chain, has partnered with drone startup Airbound to enhance their logistics operations. The collaboration aims to streamline the transportation of blood samples and units between the hospital’s facilities within the city using drones. This initiative, which began its pilot phase last year, demonstrates the potential for drone technology to transform healthcare logistics.

    Airbound, headquartered in Bengaluru, has achieved a significant milestone by conducting over 700 drone flights without any incidents over a span of 54 consecutive days. Each flight can carry up to 40 samples, showcasing the efficiency and reliability of drone-led transportation in the medical field.

    This partnership between Narayana Health and Airbound not only highlights the growing adoption of drone technology but also underscores its transformative impact on traditional healthcare logistics. By leveraging drones for transporting vital medical supplies, the collaboration sets a new standard for efficiency and speed in the healthcare sector, potentially reducing the reliance on standalone labs and optimizing resource utilization.

    Source: Tech-Economic Times

  • Over 18 Lakh Electric Vehicles Incentivized Under India’s PM E-DRIVE Scheme

    This article was generated by AI and cites original sources.

    According to a recent government report, more than 18.01 lakh electric vehicles (EVs) have been incentivized under India’s Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme as of March 12. This initiative aims to accelerate the adoption of EVs in the country and reduce carbon emissions.

    The Minister of State for Heavy Industries, Bhupathiraju Srinivasa Varma, highlighted that the previous FAME-II scheme had incentivized 16.2 lakh EVs. Additionally, the government has approved the deployment of 13,800 electric buses in seven major cities as part of the PM E-DRIVE initiative, including Bengaluru, Delhi, Hyderabad, Mumbai, Ahmedabad, Pune, and Surat.

    Furthermore, under the production-linked incentive (PLI) scheme for automobiles and auto components, 71 applicants have been granted approval, with financial incentives amounting to ₹39,081 crore already rolled out by the government.

    Another notable statistic revealed that nearly half of the total 2.12 lakh DPIIT-recognized startups in India have at least one woman director or partner, indicating a positive trend towards gender diversity in the startup ecosystem.

    Source: Inc42 Media