Startup News: Indian Ecosystem & Global Tech Updates – April 30, 2026

YourStory presents a roundup of the latest developments in the Indian startup ecosystem and beyond, covering news from April 30, 2026.

Featured Stories

Beena Gandhi, owner of the South Indian restaurant chain Dakshinayan, shared her philosophy of maintaining high standards through a focus on quality and simplicity. She ensures this by personally tasting the idli each morning and overseeing the production of their new range of masalas and ready-to-eat products.

Alphabet, Google’s parent company, reported a strong first quarter in 2026 with an 81% increase in net profit, driven by AI demand in its cloud services. CEO Sundar Pichai announced plans to increase investment to sustain this growth. The company’s net profit reached $62.6 billion on revenues of $109.9 billion, an 11th consecutive quarter of double-digit revenue growth.

Meta experienced a “milestone quarter” in Q1 2026, with CEO Mark Zuckerberg announcing increased AI infrastructure investment. The company raised its 2026 capital expenditure guidance to $125 billion-$145 billion to support its next generation of digital products.

Microsoft reported robust growth in its third fiscal quarter of 2026, largely due to AI-driven performance in its cloud segment. The Microsoft Cloud generated $54.5 billion in revenue, a 29% year-on-year increase, as the company continues to ramp up capital investments.

Amazon’s CEO Andy Jassy highlighted the rapid growth of its ultra-fast delivery service, Amazon Now, in India, with orders increasing 25% month-over-month. India remains a key focus for Amazon, receiving significant investments in its e-commerce operations and Amazon Web Services (AWS).

Funding News

Deeptech startup Ctruh secured $2.5 million in seed funding, led by Inflection Point Ventures and Avinya Ventures. The funds will accelerate R&D, product innovation, and international expansion, including new sales operations in the US and UAE in 2026.

Ubiqedge raised Rs 10 crore in a seed round led by Piper Serica, with participation from Atomberg and OTO co-founders. The company develops an AIoT Operating System for industrial infrastructure and will use the capital to enhance AI capabilities and scale deployments.

Energy engineering company Kimbal Pvt Ltd closed a $22 million Series B funding round, led by GEF Capital Partners. Existing investor Niveshaay also participated, reinforcing the company’s position at the intersection of energy security and transition themes.

Other News

Swiggy is providing its delivery partners with specialised cooling vests to help them cope with summer heat. These vests use evaporative cooling technology to reduce body temperature for 3-4 hours per soak.

Definedge Securities appointed Hemant Luthra as Chairman and added Ajay Srivastava and D Prasad to its Board of Directors. Luthra brings over 40 years of leadership experience across various industries.

JSW One Platforms Limited has acquired BuildNext Construction Solutions Private Limited to enhance its home construction offerings. This move integrates JSW One’s supply chain and credit capabilities with BuildNext’s design and project management expertise.

Indian drone technology company ideaForge Technology Limited signed a Memorandum of Understanding (MoU) with Japan’s Digital Media Professionals Inc. (DMP) to develop next-generation AI-powered drones for the Japanese defence, security, and industrial markets.

Indo National Limited (INL) is acquiring a 51% controlling stake in Aidin Technologies Private Limited, an aerospace and defence electronics company, for Rs 78 crore. This strategic investment diversifies INL’s portfolio into the high-growth aerospace and defence sector.

Culture Circle, a marketplace for luxury fashion, reported a Gross Merchandise Value (GMV) of Rs 153 crore for FY2025–26 and aims for Rs 1,000 crore in annual recurring revenue by FY27.

Prequate Advisory has appointed Amogh Giridhar as its new Chief Executive Officer. Giridhar brings over two decades of experience and will focus on deepening client delivery, business development, and team building.

Amazon launched a community solar energy project in Powai, Mumbai, in collaboration with the Brihanmumbai Municipal Corporation (BMC). The initiative includes installing solar-powered streetlights and on-grid solar panels in municipal schools.

MIC Electronics is expanding its focus on the Indian defence sector by integrating electronics manufacturing services, rapid prototyping, indigenisation, and semiconductor capabilities.

Data security company Seclore has promoted Nilesh Bhojani to Chief Product and Technology Officer, where he will oversee the company’s global product and technology strategy and execution.

Infosys has been ranked the number one IT services provider for Banking in Europe and the top provider for Financial Services in the Nordics by Whitelane Research. The company was also recognized for its AI-first approach through Infosys Topaz.

A report by myHQ indicates that 73% of office searches in India are now for flexible workspaces, reflecting a significant shift from traditional leasing models.