StartupCity Magazine

There is something special about a day dedicated to the people, tools and workplaces that make things happen. Vishwakarma Puja is celebrated with prayers for machinery, tools, workshops and workplaces, particularly among artisans, craftsmen, engineers and industrial communities. A celebration of creation, skill and the people behind the work. #vishwakarmapuja #vishwakarma #craftsmanship #makers #artisans #engineering #manufacturing #industry #tools #workers #indianfestivals #tradition #startupcity #india #celebration

State Bank of India is scaling its wealth management operations by tapping into a pool of 1.7 million existing customers with an estimated investment potential of Rs 2.4 lakh crore. The public sector lender currently manages Rs 80,000 crore on behalf of wealth clients. By the end of fiscal 2026, SBI's wealth management customer base grew to 4.64 lakh from 3.60 lakh three years prior. The bank has operationalized 345 wealth hubs nationwide, supported by a team of over 2,100 relationship managers providing deposits, mutual funds, portfolio management, alternative investment funds, and NRI-focused products. Chairman CS Setty outlined ambitions to establish SBI as India's leading wealth architect, utilizing virtual relationship managers under the SBI Premier brand. Beyond wealth management, the bank is scaling SME lending, home loans, renewable energy financing, global education loans, and acquisition financing via a partnership with Japan's MUFG. Market analysts indicate that these new growth pillars will require a longer timeline to register on the bank's bottom line. https://lnkd.in/gyDTvPsQ #statebankofindia #wealthmanagement #vcfunding #startups #growth #sme #mufg #banking #investments #portfoliomanagement #funds #economy #businessgrowth #entrepreneurship #finance #bankingsector #wealtharchitect #infrastructure #markets #strategy

A new offering provides Jio customer base with access to Canva premium design tools at no additional cost for twelve months, featuring support for Indian languages. https://lnkd.in/gyDTvPsQ #jio #canva #startups #funding #growth #technology #platforms #mobile #apps #digitalindia #design #software #business #scale #innovation #users #market #enterprise #services #telecom

The Semicon India 2026 conference launches this week. Ecosystem participants and startups are monitoring the sector for new updates and strategic announcements. https://lnkd.in/gyDTvPsQ #semiconindia #semiconindia2026 #startups #techstartups #ecosystem #entrepreneurship #venturecapital #funding #chips #hardware #semiconductors #electronics #manufacturing #makeinindia #deeppech #innovation #technology #business #growth #development

Pune-headquartered digital credit platform Fibe.India (Formerly EarlySalary), operated by Social Worth Technologies Ltd, has obtained regulatory clearance from Sebi for its public offering. The upcoming market entry involves a fresh share capital raise of Rs 750 crore alongside an offer-for-sale of upwards of 4 crore equity shares by current investors. The fresh capital deployment is designated primarily for subsidiary ESPL to strengthen capital requirements for future lending operations. Founded in 2015 by Akshay Mehrotra and Ashish Sohan Goyal, the venture features backing from institutional investors such as TPG Inc, Norwest, and International Finance Corporation. Personal loans constituted 77.38 percent of its total assets under management of Rs 8,603 crore as of March 31, 2026. https://lnkd.in/gyDTvPsQ #fibe #socialworthtechnologies #sebiapproval #startupindia #venturecapital #ipo #fintechstartup #digitalcredit #pune #fundraising #growth #businessgrowth #indianstartups #tech #startupfunding #enterprises #founders #investors #markets #news

Capital markets regulator Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing changes to the disaster recovery framework for market infrastructure institutions, including stock exchanges, clearing corporations, and depositories. The draft norms reduce disaster recovery drill durations from a full trading day to a minimum of four hours. These drills are slated for non-working days, mandating a switchover from the primary data centre to the disaster recovery site. Sebi noted the adjustment accounts for extended trading hours in commodity derivatives. The updated framework requires institutions to simulate real-life participation levels, test various disruption scenarios reviewed by the Standing Committee on Technology, and conduct stress testing on both transactional and non-transactional components. Fault tolerance testing for redundant systems has also been proposed. https://lnkd.in/gyDTvPsQ #sebi #stockexchanges #disasterrecovery #marketinfrastructure #financialregulation #clearingcorporations #depositories #tradingplatforms #compliance #riskmitigation #businesscontinuity #capitalmarkets #marketoperations #financialtech #regulatoryframework #infrastructure #sec #securitiestofficer #governance #techpolicy

A $1 billion funding commitment has been announced by the Gates Foundation to support artificial intelligence equality worldwide, focusing on global technology distribution and equitable development. https://lnkd.in/gyDTvPsQ #startupindia #gatesfoundation #artificialintelligence #venturecapital #funding #techfunding #globaltech #aiinequality #techdevelopment #innovation #digitalinclusion #emergingtech #techpolicy #philanthropy #futuretech #software #technology #investments #startups #techsector

Series B funding of $40 million has been secured by AI-powered content platform Flam through primary and secondary transactions, led by QED Investors. The investment round included participation from Claypond Capital, the family office of Manipal Group chairman Ranjan Pai, actor Shah Rukh Khan’s family office, Australian Gulf Capital, and angel investors Martin Chavez and Olivier Pomel. Previous backers RTP Global and Dovetail also participated. Cofounder Shourya Agarwal confirmed a small portion of the round involved secondary capital. The capital will be deployed to scale research and development for AI models, broaden the product suite, and introduce new configurations for interactive content. https://lnkd.in/gyDTvPsQ #flamofficial #seriesbfunding #qedinvestors #startupfunding #venturecapitalindia #aiplatform #techstartups #fundingnews #growthcapital #enterprisecontent #augmentedreality #rtpglobal #manipalgroup #claypondcapital #startupindia #techinvestments #businessgrowth #innovation #fundinground #marketnews

Quick commerce expansion beyond metro cities has propelled Amazon to achieve USD 1 billion in annualized sales. The figures document the rapid scaling of rapid delivery models into tier-two markets and beyond. https://lnkd.in/gyDTvPsQ #startups #quickcommerce #amazon #ecommerce #funding #growth #ventures #business #retail #markets #technology #operations #scale #strategy #delivery #logistics #supplychain #entrepreneurship #commerce #investments #retailtech

Digital transaction costs for small-value transfers remain unchanged as UPI payments up to Rs 2,000 are subject to zero charges. Startups and merchants operating within the digital payments ecosystem will operate under this continued zero-fee structure. https://lnkd.in/gyDTvPsQ #startups #upi #digitalpayments #fintech #india #payments #entrepreneurship #businessnews #tech #economy #merchants #smallbusiness #transactions #fintechstartups #digitalindia #vc #funding #growth #innovation #policy #banking