Expansions, layoffs, funding, leadership moves, and policy shifts — with our take on what it means for hiring in India, today and over the next five years.
Chennai-founded SaaS company Freshworks posted a net profit of $3.2 million in Q2 2026, reversing a loss from the same period last year. The company's revenue grew 16% year-on-year to $237.4 million, signalling a meaningful turnaround in its financial health. As a major employer with significant engineering and operations presence in India, this profitability milestone carries real implications for its domestic workforce.
GIFT City-based insurtech startup InRisk Labs has closed a $27 million Series A funding round to scale its AI-driven reinsurance platform, EarthRe. The capital infusion signals growing investor confidence in India's emerging insurtech and climate risk analytics space. Operating out of GIFT City positions the company at the heart of India's ambitions to become a global financial services hub.
Insuretech startup InRisk Labs has closed a $27 million Series A funding round. The company plans to channel this capital into building out its insurance products and services across several segments. The raise signals growing investor confidence in technology-driven insurance solutions.
Vodafone Idea has moved past its financial turbulence, entering what it calls an execution phase focused on network buildout and competitive recovery. Fresh capital from promoters and debt financing are now being channelled into infrastructure expansion. Subscriber numbers are recovering and average revenue per user is trending upward.
ASK Property Fund has joined hands with Bhumika Group to create a Rs 500 crore real estate investment platform, with an initial Rs 125 crore commitment directed at a plotted development project in Faridabad. The partnership is anchored by Faridabad's growing infrastructure and relatively affordable land prices compared to other NCR micro-markets. This signals renewed institutional confidence in Delhi-NCR's residential real estate segment.
Freshworks, the Chennai-founded and Nasdaq-listed SaaS company, returned to profitability in Q2 CY26, posting a net profit of $3.2 million alongside a 16% year-on-year revenue jump to $237.4 million. The turnaround marks a significant financial milestone for one of India's most prominent SaaS success stories. A healthier balance sheet generally gives companies more room to invest in people and product.
Bengaluru-based Adiabatic Technologies has closed a seed round of Rs 8.3 crore, backed by Malpani Ventures and Avinya Ventures. The startup focuses on developing advanced battery systems designed specifically for robotics and drone applications. The fresh capital will be used to scale up its technology and operations.
Pune Municipal Corporation has restarted its long-stalled High Capacity Mass Transit Route project, inviting bids from consultants to handle technical planning and land acquisition across a 43-km corridor. The project connects several key locations across the city, with construction tenders expected to be floated by October following initial assessments. This revival signals a renewed push by civic authorities to modernise urban transport in one of India's fastest-growing metros.
MapmyIndia recorded a 14.9% jump in revenue from operations to Rs 139.7 crore in the June quarter, while net profit climbed 8.6% to Rs 49.7 crore. The homegrown mapping and geospatial technology company continues to demonstrate consistent financial momentum, suggesting sustained capacity to invest in talent and product development.
InRisk Labs has raised $27 million in fresh funding, with a significant portion earmarked for technology development and specialist hiring. Its subsidiary EarthRe has also secured a reinsurer licence, opening a new regulated line of business. The capital will support expansion into additional insurance segments and the creation of event-based risk products.
Ola Electric has entered into an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems across utility-scale projects by 2032. The deal is the first major commercial tie-up for Ola's Mahashakti energy storage platform, which is slated to officially launch on Independence Day. The agreement signals Ola Electric's push beyond EVs into India's rapidly growing grid-scale energy storage sector.
Apple's India business has crossed a significant milestone, with revenues approaching ₹1 lakh crore in FY26, reflecting roughly 20% year-on-year growth. iPhone shipments in the country climbed to 14 million units, a 24% jump compared to the previous fiscal year. This sustained momentum signals that India has firmly cemented itself as one of Apple's most strategically important markets globally.