Author: Arabian Media staff

OpenAI on Monday introduced an India-first initiative that aims to empower educators with AI tools and training, as it announced a new research collaboration with IIT Madras, backed by $500,000 in funding from the ChatGPT-maker.The push on education comes at a time when the company is gearing up to open its first India office in New Delhi later this year. High-profile founder Sam Altman, too, is scheduled to visit the country next month.Through the pact announced on Monday, IIT Madras will conduct long-term studies on how AI can improve learning outcomes, innovate teaching methods, aligned to insights from cognitive neuroscience.…

From meat retailer TenderCuts making a comeback to fresh funding secured by Kiwi, WizCommerce, and Enmovil, among other startups, YourStory brings today’s headlines that highlight significant developments across industries.Featured newsTenderCuts’ second innings: Lean stores, offline push, and focus on unit economicsMaking a comeback in a cut-throat industry is no easy feat. Omnichannel meat retailer TenderCuts’ second innings is a journey of learning from its past when rapid expansion became its Achilles’ heel, to now tempering itself as an offline-first brand, with breakeven on the horizon.The Chennai-based company is on track to reach breakeven on a consolidated level in August 2025,…

When Binance launched its Case Challenge in India in late 2024, the idea was to test how classroom learning could be applied to real-world blockchain problems. The inaugural edition drew 61 teams from 10 leading business schools, including the IIMs and FMS Delhi, with the top three presenting their strategies to Binance’s global leadership.Team Futures from IIM Bangalore, comprising Aviral Verma, Riya Katiyar, and Prajwal S Belagavi (PGP 2025), clinched the national title with a user-first, forward-looking strategy that combined education, AI, storytelling, and gamification, finishing ahead of IIM Lucknow’s Team HODL and FMS Delhi’s Crypto Crusaders.Beyond the textbookFor Team…

Molbio Diagnostics Ltd., the Goa-based molecular diagnostics company known for its Truenat testing platform, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to launch its initial public offering.The IPO comprises a fresh issue of equity shares worth up to Rs 200 crore and an offer for sale (OFS) of up to 12.56 million shares by existing investors and promoters. The company will use the proceeds from the fresh issue to bolster growth. At the same time, the OFS will provide a partial exit to early investors, including venture capital funds and certain…

Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a $7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI.When reached out, a company spokesperson said, “While we cannot comment on any timelines related to OYO’s DRHP or IPO related plans, since it’s a decision that will be guided by OYO’s Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value…

AI-powered sales and ecommerce platform for wholesale distributors, WizCommerce, on Monday raised $8 million in Series A funding led by Peak XV Partners (formerly Sequoia India). The round also saw participation from all four of the company’s existing investors including Z47, Blume Ventures, and Alpha Wave Global. WizCommerce intends to use the newly-raised funds to double down on the company’s products and go-to-market operations. On the go-to-market front, the firm is looking to hire more talents for its teams in the US and India, the company’s co-founder and CEO Div Makkar told YourStory.The company has India-based teams operating out of…

Not long ago, the Indian gaming industry was limited to quick rounds of casual gaming, basic graphics, monotonous challenges and very little room for personalisation. But that has changed – and how! An industry once seen as a niche pastime has rapidly become a mainstream cultural and economic force. India is now home to 591 million gamers, comprising 20% of the total global gamers, around 11.2 billion mobile game app downloads, and 1,900 gaming companies. This tremendous growth is driven by young, mobile-first audiences, mostly GenZ and young millennials, who usually look for personalised , interactive and socially engaging experiences in their…

Kiwi, a Bengaluru-based fintech that offers credit on India’s UPI network, has raised $24 million (about Rs 208 crore) in a Series B round led by Vertex Ventures Southeast Asia & India, with participation from existing investors Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network. The company said it will use the funds to speed product development and reinforce unit economics.Founded by Siddharth Mehta, Mohit Bedi, and Anup Agrawal, the company said it has issued 200,000 RuPay credit cards since launching in 2023, and now processes more than five million merchant transactions a month across 600 cities. It has…

Making a comeback in a cut-throat industry is no easy feat. Omnichannel meat retailer TenderCuts’ second innings is a journey of learning from its past when rapid expansion became its Achilles’ heel, to now tempering itself as an offline-first brand, with breakeven on the horizon. The Chennai-based company currently operates 18 stores across Chennai, reporting an annual recurring revenue (ARR) of Rs 70 crore. The brand is on track to reach breakeven on a consolidated level in August 2025, with all its active stores hitting a positive EBITDA (earnings before net interest, income taxes, depreciation expense, and amortisation)—a rare feat in…

Hello,In the post-real-money gaming era, online gaming platforms are looking for “aapda mein aavsar”—an opportunity to take them out of the crisis. After the government passed the Promotion and Regulation of Online Gaming Bill, 2025, WinZO suspended its money-based games and, on Sunday, entered the US market with a short video content format.With this, WinZO now caters to three of the world’s four largest mobile gaming markets—India, Brazil, and the US—with a combined market size of $65–70 billion and more than 20 billion annual mobile game downloads.Meanwhile, Dream Sports is reportedly foraying into the financial services sector with Dream Money.However, not…