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VC firm Peak XV has announced three maiden funds — India Seed, India Venture and APAC Funds — its first…

Peak XV Partners has become the latest venture capital firm to stock up on dry powder, closing $1.3 billion in capital commitments to invest across its India Seed, India Venture, and APAC funds. This also marks the VC firm’s—one of the largest in India—maiden fund post its split from Sequoia Capital back in 2023. According to a post on X on Friday, the firm will dip into “significant” uninvested capital from its existing growth fund and make investments. It also noted that most of its limited partners (LPs) are non-profit endowments and foundations. Peak XV, like other VC firms, have commented on the optimism around artificial intelligence (AI) startups, having made a series of recent bets in the space, including Y Combinator-backed PostHog and Hyperbound. Also ReadAshish Agrawal, Ishaan Mittal, Tejeshwi Sharma leave PeakXV to set up own VC firm“AI is transforming the world at an unprecedented pace, and while the initial breakthroughs were concentrated in Silicon Valley, AI opportunities are now abundant in India and APAC. The size, scale and sophistication of technology startups is deeply inspiring across both India and APAC,” the post read, hinting at the firm doubling down on investments in the sector, along with fintech…  ​Read More​YourStory RSS Feed

The India AI Impact Summit 2026 had a good start in terms of funding into the Indian startup ecosystem. AI cloud firm Neysa received a $600 million investment, which helped boost the overall weekly funding for the third week of February.This week, the total funding into Indian startups touched $705 million across 21 deals—the highest weekly funding for the year until now. In contrast, the previous week saw $203 million being raised.Besides Neysa, funding activity was muted among early-stage and growth-stage startups, revealing the ongoing challenge faced by the Indian startup ecosystem as capital inflow thins. The weekly funding into Indian startups has hovered around the $200 million range. Fundamentally, there seems to be no key theme that would drive money into Indian startups.Nonetheless, the India AI Summit in New Delhi may provide a boost to startups, as large corporations continue to announce multi-billion-dollar investments into the deeptech and AI segments.Key transactionsAI startup Neysa raised $600 million from Blackstone, Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners.Fintech startup Stable Money raised $25 million from Peak XV Partners, Z47, RTP Global, and Fundamentum Partnership.EV charging startup Statiq raised $18 million from Tenacity Ventures, Y Combinator, Shell Ventures,…  ​Read More​YourStory RSS Feed

The looming AI disruption is not Vijay Shekhar Sharma’s first time staring down the barrel of technological upheaval. Now, he is urging today's builders to apply the hard-won lesson that saved his empire: adapt immediately, or be erased.By the time Vijay Shekhar Sharma was preparing to take his mobile-services company public in 2010, he already knew his business was dying.One97 Communications, the parent company of what would later become Paytm, was then one of India's most successful purveyors of mobile value-added services — ringtones, ringback tones, cricket scores, astrology readings, jokes delivered by SMS, exam results pinged to feature phones across the country. It was a thriving business. It was also, Sharma had concluded, a business with a clock ticking above it."I was going for an IPO in 2010, and the challenge was, what will happen to the future?" Sharma told the audience at the India AI Impact Summit 2025. "I had seen the smartphone in the US, and I was uncomfortable that we should do an IPO at that point in time because I was like, the business model is going to change."The world had not yet seen it coming. He had. "The ringtone will no longer be a…  ​Read More​YourStory RSS Feed

IT services major Tech Mahindra has announced the launch of a new Hindi-first LLM focused on education developed in collaboration…

In an era of feature-rich productivity apps, collaboration dashboards, and AI-powered knowledge systems, a surprising number of high performers rely on something far simpler.Plain text files.No formatting toolbar. No embedded media. No complex database structure. Just words on a blank screen.For professionals managing complex decisions, research, and long-term projects, plain text offers advantages that many modern tools cannot. Let's explore it in detail!5 reasons high performers rely on plain text filesFocus without interface frictionPlain text removes everything except thinking. There are no font choices, alignment options, or layout distractions. There are no notifications inside the writing environment. This reduces cognitive switching.Productivity research consistently shows that attention fragmentation reduces output quality. Feature-heavy note-taking applications often introduce friction through design layers, plugin menus, and visual clutter. Plain text eliminates that layer. The result is faster idea capture and clearer thought flow.When the tool disappears, thinking improves.Portability across time and devicesOne of the biggest risks in digital productivity is vendor lock-in. Proprietary applications store notes in specific formats that may not be accessible decades later. Companies shut down. Pricing models change. Export formats break.Plain text files, typically saved as .txt or .md files, are universally readable. They open on any device, across operating…  ​Read More​YourStory RSS Feed

Home interior and innovation unicorn Livspace has laid off 1,000 employees, or 12% of its workforce, amid AI push. In…

Soon, you will be able to ask your fridge to buy a packet of milk for you. That, according to Harshil Mathur, Co-founder and CEO of Razorpay, is not a distant scenario but a logical extension of what he calls “agentic commerce”—payments embedded directly into conversational AI interfaces.This week, Razorpay launched Agentic Payments on Claude in partnership with the National Payments Corporation of India (NPCI), enabling users to order from Zomato, Swiggy, and Zepto within a chat interface at the India AI Impact Summit in Delhi.The rollout builds on an earlier integration unveiled with OpenAI at the Global Fintech Festival 2025, marking what the company describes as a sustained push into AI-native commerce.For Mathur, the shift is less about a new checkout button and more about reimagining how commerce happens. “The chat environment is just a starting point,” Mathur said in an interview with YourStory on the sidelines of the event. “The chat first model allows you to discover the way you expect to do.”He contrasted conversational commerce with traditional app-based interfaces. “Apps are typically built in a specific format that there is a search bar here, there’s a text, here you go, and you discover in the format the…  ​Read More​YourStory RSS Feed

In order to be considered for leadership positions, senior staff at Accenture are required to use the firm's artificial intelligence products on a regular...

In India, freight transport — especially heavy and medium-duty trucks — contributes disproportionately to the country’s greenhouse gas emissions. Although trucks make up just about 3% of all vehicles on the roads, they are responsible for a significant share of transport emissions, including carbon and particulate pollutants that accelerate climate change. According to a new report by the Smart Freight Centre (SFC) India, TERI and IIM-Bangalore, freight demand in India is expected to nearly triple by 2030–31, while emissions from road freight could rise sharply as well — a troubling trend for climate targets and environmental health. Without strategic action, freight emissions will continue to escalate, undermining efforts to mitigate global warming and improve air quality. Why Freight Emissions Matter More Than They Appear The core issue lies in how freight moves across the country. Road freight — dominated by diesel-powered heavy trucks — currently accounts for the majority of logistics transport. As India’s economy expands, infrastructure projects, e-commerce growth and industrial output are driving higher consumption of freight transport services. Without clean alternatives, this results in a disproportionate rise in emissions even though trucks are a small share of the total vehicle fleet. This rising emissions trend not only…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups