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Blinkit Founder Albinder Dhindsa Leads ₹419 Crore Eternal ESOP Exercise

Blinkit’s co-founder and CEO Albinder Dhindsa has led a major ESOP exercise at Eternal, the parent company of Blinkit and Zomato, signaling strong confidence in the company’s growth. Conducted between July 29 and 30, the exercise saw over 140 executives convert stock options worth ₹419 crore into equity. Dhindsa himself converted seven million options into shares valued at ₹214.5 crore, significantly boosting his personal stake while underscoring faith in Eternal’s long-term vision.

The participation extended across Eternal’s leadership, including executives from Blinkit, Hyperpure, and Zomato’s dining vertical. Over 30 leaders individually exercised stock worth more than ₹1 crore, together contributing nearly 90% of the total value (₹378.5 crore). Such broad involvement demonstrates a unified belief in the company’s resilience and trajectory, especially as competition in food delivery and quick commerce intensifies.

The move coincides with Eternal’s stock hitting a seven-month high, a common trigger for ESOP conversions, as executives maximize gains while reducing accounting expenses for the company. More importantly, it sends a message of leadership conviction and alignment with shareholders. By tying their personal wealth to the company’s fortunes, Dhindsa and his team have reinforced confidence among investors, employees, and the broader market.

The development comes as Blinkit cements its dominance in India’s quick-commerce sector. In the June quarter, Blinkit’s gross order value hit ₹11,821 crore—up 140% year-on-year—surpassing Zomato’s core food delivery business for the first time. This rapid growth has validated Eternal’s strategy of betting big on quick commerce, though profitability pressures remain due to expansion and logistics costs.

Industry experts note that the ESOP move goes beyond finances—it serves as a statement of intent. It boosts morale internally, assures investors externally, and reinforces Eternal’s focus on building long-term value through innovation, expansion, and strong governance.

IQue Ventures Launches ₹600 Crore Startup Park to Fuel Early-Stage Innovation

IQue Ventures has announced “Startup Park,” a ₹600 crore initiative aimed at reshaping India’s early-stage startup ecosystem. The first phase—a ₹50 crore facility in Bengaluru launching on September 15, 2025—is expected to support over 200 startups and create more than 10,000 jobs within the next year and a half.

Unlike traditional co-working spaces, Startup Park is designed as a full-stack ecosystem for innovation. It will feature pitch-ready studios, research and prototyping labs, and collaborative workspaces, alongside structured access to mentorship and funding networks. The idea is to give founders a single hub where they can move from ideation to scaling without facing the common bottlenecks of limited infrastructure or disconnected support.

Founder and CEO Shafi Shoukath positions Startup Park as a one-stop platform offering “everything a founder needs under one roof—from pitching to global expansion.” The Bengaluru center is envisioned as a launchpad, with plans to replicate the model across other Indian hubs and, eventually, international markets.

By combining infrastructure, capital access, and strategic guidance, IQue Ventures hopes to reduce the friction that slows early-stage ventures. The project is particularly well-timed, as India’s entrepreneurial ecosystem is rapidly evolving into a globally competitive space. Bengaluru, already recognized as the country’s startup capital, provides the ideal environment for such a venture, with its deep pool of talent, mentors, and investors.

The initiative also mirrors a larger trend: moving beyond piecemeal services to integrated startup ecosystems that streamline resources and accelerate growth. If successful, Startup Park could deliver not just 10,000 direct jobs but also ripple effects across local economies by drawing skilled talent, stimulating ancillary industries, and encouraging bolder ideas to flourish.

In essence, IQue Ventures’ Startup Park is poised to become a cornerstone of India’s startup support infrastructure, empowering entrepreneurs to innovate, scale, and thrive.

Swiggy Raises Platform Fee to ₹14 Amid Soaring Revenue and Mounting Losses

Food delivery major Swiggy has increased its platform fee by ₹2—from ₹12 to ₹14 per order—in select high-demand regions starting mid-August 2025. The hike, positioned as a temporary measure, is aimed at improving unit economics as the company battles mounting losses despite strong revenue growth.

The adjustment comes at a time when certain regions are witnessing a surge in orders. By levying a slightly higher charge during these peak periods, Swiggy hopes to offset rising operational costs and strengthen margins, while expecting minimal impact on customer demand. The company has indicated that the fee will return to normal once order volumes stabilize.

Swiggy’s move follows the release of its Q1 FY26 results, which showed a net loss of ₹1,197 crore—almost double the ₹611 crore reported in the same quarter last year. The widening losses underline the challenges of scaling, especially with heavy investments in Instamart, its quick-commerce arm.

However, revenue trends paint a more positive picture. Revenue from operations jumped 54% YoY to ₹4,961 crore, reflecting strong consumer appetite for food delivery and grocery services. The growth underscores Swiggy’s ability to attract and retain customers, though profitability continues to lag due to high logistics and infrastructure costs.

Industry analysts see the fee hike as a calibrated move to reduce cash burn without undermining service quality. For investors, the strategy appears reassuring: Swiggy’s shares rose 3% shortly after the announcement, signaling market confidence in its ability to balance growth with financial discipline.

In essence, Swiggy’s temporary fee increase reflects a pragmatic approach to stabilizing finances during expansion. The company’s long-term sustainability, however, will hinge on improving operational efficiency and achieving profitability while sustaining leadership in India’s competitive delivery market.

Tags: Swiggy

Natasha Malpani Launches ₹200 Crore Boundless Ventures to Propel India’s AI Startups

Natasha Malpani, former partner at Kae Capital, has launched Boundless Ventures, a ₹200 crore early-stage fund focused exclusively on AI-native startups in India. The fund, backed by her personal network, is already active and has invested in six companies, underlining strong conviction in India’s growing AI ecosystem.

Boundless Ventures targets pre-seed and seed stages, providing critical early capital to startups across consumer AI applications, infrastructure, tooling, healthcare, logistics, and indigenous hardware. Its initial portfolio includes SuperHealth (healthcare delivery), Armatrix (robotics for industrial automation), Piersight (real-time ocean intelligence), Knot (AI-led fashion discovery and logistics), and two stealth startups focused on AI infrastructure and consumer solutions.

Malpani’s vision is rooted in the belief that AI has shifted from experimental to foundational infrastructure. She emphasizes that the most impactful companies will blend deep technical capability with cultural context. Boundless is structured not only to provide funding but also to deliver narrative support and market access, helping startups define and shape new categories before they are widely recognized.

The fund will back 20–30 companies, writing first checks of $200,000–$400,000, with reserves for follow-on investments. This ensures both early momentum and sustained support for founders scaling globally from day one.

The launch comes at a time when India’s generative AI sector is seeing record fundraising, with 2025 marking its strongest half-decade performance. Malpani herself brings a unique mix of operational and creative experience, having founded Boundless Media and scaled Dice Media, alongside a proven investing track record in AI during her Kae Capital tenure.

In an evolving venture landscape, Boundless Ventures represents a strategic bet on India’s AI-first future. By combining capital with trust, storytelling, and operational insight, the fund aims to catalyze a new generation of homegrown AI leaders ready to compete on the global stage.

Ola Electric Unveils Game-Changing Bharat Cell and Rare Earth-Free Motor to Drive Homegrown Innovation

At its Sankalp 2025 event on August 15, Ola Electric showcased two breakthrough technologies at its Krishnagiri Gigafactory—the 4680 Bharat Cell and a ferrite motor that removes reliance on rare-earth materials. The public launch signals Ola’s push toward its “India Inside” vision, aiming for self-reliant supply chains and sustainable EV innovation.

The 4680 Bharat Cell, developed in-house, offers around 10% higher energy density than conventional cells and a life span of nearly 15 years. Its design enables use across Ola scooters, drones, and energy storage systems, reinforcing the company’s emphasis on performance and localisation in battery technology.

Complementing the cell is a ferrite-based motor, which eliminates the need for rare-earth magnets—a critical but geopolitically vulnerable resource. By shifting away from global supply dependencies, Ola aims to build resilience into its EV ecosystem. The phased rollout of this motor highlights its long-term strategy to reduce risk while ensuring continuity in production.

Founder Bhavish Aggarwal stressed that these advancements represent more than product upgrades—they mark India’s growing capability to engineer and manufacture advanced EV technology domestically. By vertically integrating key components like batteries and motors, Ola is strengthening its manufacturing base within India.

The timing is crucial, as Ola’s share in India’s electric two-wheeler market has dipped. These innovations are expected to help the company regain competitiveness by offering longer-lasting products, lowering input risks, and achieving cost advantages through localization.

The Krishnagiri Gigafactory, now central to Ola’s strategy, consolidates cell production and motor development under one roof, creating a hub for indigenous innovation. Beyond boosting its own portfolio, Ola’s new technologies reflect India’s emergence as a global EV player, blending sustainability with strategic independence.

Tags: Ola Electric

NPCI to Phase Out UPI Collect Requests to Strengthen User Security

The National Payments Corporation of India (NPCI) has announced that from October 1, 2025, the peer-to-peer “collect request” feature on UPI apps will be permanently discontinued. This decision applies to all major platforms such as Paytm, PhonePe, and Google Pay. The move is aimed at curbing growing online fraud cases that have exploited the system, while ensuring that core UPI services like direct money transfers and merchant payments remain unaffected.

Initially designed to simplify digital transactions, the collect request option allowed users to send a payment request instead of asking for money manually. However, fraudsters increasingly misused it by sending deceptive requests that tricked users—especially the elderly or new digital users—into authorizing unintended payments. The rise of such scams accelerated during the pandemic, particularly in smaller towns and rural regions, where digital awareness is still developing.

Authorities reported frequent instances where scammers impersonated merchants, service providers, or even acquaintances to solicit funds. With complaints and losses on the rise, NPCI, in consultation with banks and payment providers, concluded that eliminating peer-to-peer collect transactions was the most effective solution to restore trust.

From October, banks and UPI apps must block all such transactions. However, merchant-initiated collect requests—such as those from utility providers, e-commerce platforms, or service companies—will continue as usual since they are backed by stronger authentication and regulatory checks.

Experts view the decision as a balance between convenience and safety. While users may miss the ease of sending requests, eliminating a vulnerable feature strengthens consumer protection. Digital payment advocates argue that this step underscores NPCI’s responsibility to prioritize security over experimental tools.

By removing peer-to-peer collect requests, NPCI is reinforcing public confidence in UPI and safeguarding India’s fast-growing digital payments ecosystem.

Investor Confidence Shifts: ₹3,100 Crore Moves from Zomato to Swiggy Reflect Changing Market Sentiment

India’s food delivery sector witnessed a notable investor shift in July 2025, with mutual funds moving around ₹3,100 crore between Zomato’s parent company, Eternal, and its rival Swiggy. While Zomato’s stock gained nearly 17% during the month, institutional investors offloaded shares worth about ₹1,700 crore, booking profits after a strong rally. In contrast, they poured ₹1,400 crore into Swiggy, despite its stock having dropped over 26% year-to-date.

The exit from Zomato involved the sale of nearly 5.4 crore shares, signaling a cautious approach after its sharp rise. For many funds, the move was less about abandoning confidence and more about capitalizing on recent gains. Swiggy, on the other hand, has been struggling on the market but is increasingly seen as holding stronger long-term growth potential.

A large part of this optimism comes from Swiggy’s aggressive expansion in quick-commerce and grocery delivery, even though the company continues to face losses. Its growing fulfillment infrastructure and diversification beyond restaurant deliveries could be positioning it for resilience in an evolving market. By comparison, Zomato’s stock surge, likely driven by efficiency gains or product additions, made it a candidate for profit booking rather than fresh investment.

This reallocation reflects the dual lens through which institutional investors evaluate the sector—rewarding short-term momentum on one hand and betting on future upside on the other. Swiggy appears to be drawing confidence as the platform tries to establish dominance across adjacent segments, while Zomato faces pressure to demonstrate sustainable value beyond stock appreciation.

The ₹3,100 crore reshuffle highlights how investor sentiment is shaping competition. By redirecting capital toward Swiggy, funds are signaling a longer-term bet on its strategic trajectory, even as Zomato continues to deliver near-term gains.

Tags: SwiggyZomato

Cloudera Unveils On-Prem Private AI for Secure, High-Performance Enterprise Deployments

Cloudera has introduced a new version of its Cloudera Data Services that brings GPU-powered generative AI directly into enterprise data centers. Announced in August 2025, the launch enables companies to deploy advanced AI securely behind their firewalls while maintaining compliance and data sovereignty. With governance and hybrid portability built in, organizations can now run cloud-native AI workflows seamlessly across on-premises and public clouds.

A key highlight is the availability of Cloudera AI Inference Service and AI Studios for internal environments. Previously cloud-only, the inference service now leverages embedded NVIDIA acceleration on-prem, simplifying large-scale AI model deployment. Meanwhile, AI Studios provides low-code templates that speed up GenAI app development, reducing reliance on specialized talent and making AI more accessible to enterprise teams.

Security and privacy have been major roadblocks to AI adoption. Cloudera’s approach ensures that intellectual property and sensitive data remain within enterprise infrastructure, eliminating the risks of moving confidential assets to public clouds. This “Private AI” model gives enterprises both performance and control while reducing operational complexity.

The benefits extend beyond security. A Forrester Consulting study revealed that Cloudera Data Services users saw AI workloads reach value 80% faster, teams gained 20% productivity, and infrastructure costs dropped by about 35%. Hardware utilization improved significantly, with some firms raising efficiency from 30% to 70% while halving capacity requirements.

The platform was unveiled at Cloudera’s EVOLVE25 event in Singapore, where analysts called it a major shift for enterprise AI readiness. Instead of relying on fragmented, in-house setups, businesses can now use a unified, scalable, and secure platform.

By combining sovereignty, flexibility, and efficiency, Cloudera positions itself as the only provider offering consistent cloud-native AI and data services across both on-premises and cloud environments.

Tags: Cloudera

OpenAI Launches India‑Only ‘ChatGPT Go’ Subscription at ₹399/Month

OpenAI has introduced a new, India-exclusive subscription plan—ChatGPT Go—priced at just ₹399 per month (approximately \$4.57), marking the company’s most affordable offering yet. This strategic move aims to enhance accessibility to AI-powered tools in India, one of OpenAI’s fastest-growing markets and currently its second-largest globally.

ChatGPT Go delivers a significant upgrade over the free version, offering users up to ten times more message capacity, image generation, and file uploads, as well as double the memory, enabling more continuous and personalized conversations. Powered by the latest model, GPT‑5, the plan also brings faster response times and improved performance, particularly with better support for Indic languages.

To make subscriptions easier for Indian users, OpenAI now allows payments via UPI—covering platforms like PhonePe, Google Pay, and Paytm—and displays prices in rupees, reducing friction for millions accustomed to local digital payments.

This launch adds a third tier to OpenAI’s offerings in India: the budget-friendly Go plan at ₹399/month, the mid‑range Plus plan at ₹1,999/month, and the high-end Pro plan priced at ₹19,900/month. While Plus and Pro cater to power users with advanced features such as deep research tools and video creation, ChatGPT Go is tailored for everyday users—students, creators, and professionals—who seek more capability than the free tier offers without the higher cost.

OpenAI appears to be treating India as a testing ground for this new tier. The company plans to analyze user feedback from the ChatGPT Go rollout before considering expansion to other countries. The launch also follows earlier engagements between CEO Sam Altman and India’s IT minister to discuss building a low‑cost AI ecosystem in the country.

CJI BR Gavai Highlights Inclusivity and Representation in India’s Judiciary

Chief Justice of India BR Gavai has emphasized the progress India has made in promoting inclusivity and representation within its judiciary, while acknowledging that the journey toward full equality is ongoing. Speaking on August 17, 2025, Justice Gavai highlighted significant milestones that reflect the nation’s commitment to diversity and equitable participation in its highest offices, noting the recent appointment of President Droupadi Murmu as a landmark moment in this ongoing effort.

CJI Gavai pointed out that India’s judiciary has historically strived to reflect the nation’s pluralistic character, providing opportunities for individuals from diverse social, regional, and gender backgrounds. The appointment of President Murmu, the country’s first tribal head of state, was cited as a pivotal step in advancing representation at the highest levels of governance. By breaking longstanding barriers, such appointments demonstrate the country’s dedication to ensuring that governance and judicial institutions remain inclusive and reflective of the society they serve.

The Chief Justice emphasized that while notable progress has been made, inclusivity is a continuous process requiring sustained efforts. He called for proactive measures to strengthen diversity across judicial appointments, administrative roles, and legal education. According to Justice Gavai, fostering an environment that encourages participation from underrepresented groups is essential for the judiciary to maintain public trust, uphold social justice, and deliver fair and impartial decisions.

CJI Gavai also addressed the broader societal implications of inclusive governance. Representation in key national institutions not only empowers marginalized communities but also promotes equitable policymaking and strengthens democratic processes. By ensuring that voices from various backgrounds are heard and considered, India reinforces its commitment to social justice and equality before the law. The judiciary, as a cornerstone of democracy, plays a critical role in setting these standards and modeling inclusive practices.

In addition to celebrating milestones in representation, the Chief Justice underlined the importance of continued mentorship and capacity-building initiatives. Programs designed to identify, train, and support talent from historically underrepresented groups are vital for sustaining inclusivity within the legal profession. Justice Gavai stressed that equitable access to educational resources, legal training, and leadership opportunities strengthens the judiciary’s ability to serve the public effectively and fairly.

CJI Gavai’s remarks also highlighted the symbolic importance of appointments such as President Murmu’s. They signal to society that leadership positions are attainable for all, regardless of background, and that merit combined with opportunity can lead to transformative change. These examples inspire future generations to pursue careers in law, governance, and public service, contributing to a more balanced and representative nation.

Overall, Chief Justice BR Gavai’s address reaffirmed India’s commitment to inclusivity, representation, and equality within its judiciary and governance structures. By celebrating milestones, acknowledging ongoing challenges, and promoting continued efforts toward diversity, the judiciary aims to strengthen public confidence and reinforce the principles of justice. India’s journey toward full inclusivity remains a work in progress, but initiatives and symbolic appointments reflect a nation increasingly dedicated to equitable representation and social empowerment.

Tags: CJI BR Gavai

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