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.
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.
Aastha Spintex has built up a substantial order book worth over Rs 51 crore for its Falcon Yarns product line, with demand visibility stretching into late 2026. The company also posted a net profit of Rs 23.8 crore for FY26 alongside total income crossing Rs 443 crore, reflecting strong business momentum. A board-approved 1:1 bonus share issue further signals confidence in the company's financial health.
Kily, an Indian startup building agentic AI solutions, has secured ₹30 crore in a funding round led by an early-stage venture capital firm. The fresh capital is earmarked to accelerate deployment of its AI platform across the market. This investment signals continued investor appetite for agentic AI ventures in India's growing tech ecosystem.
Bengaluru-based enterprise tech startup Superleap has secured ₹36 crore in a pre-Series A funding round, with Peak XV's Surge programme leading the investment. The startup builds AI-native customer relationship management tools aimed at enterprise clients. The fresh capital is expected to fuel product development and team expansion.
B2B fintech firm GetVantage has closed a ₹63 crore Series A1 funding round, aimed at broadening its revenue-based financing platform for Indian businesses. The capital injection is expected to fuel operational growth, product development, and market reach across the B2B lending space. This adds to the growing momentum in India's alternative business financing ecosystem.
Supply chain solutions firm LEAP India posted a sharp 66% rise in net profit to ₹62.3 crore in FY26, with revenues climbing 56% year-on-year. The IPO-bound company's strong financials suggest robust business momentum heading into a public listing. This growth trajectory positions the firm for potential workforce expansion across its operations.