Finance

NSE Rejigged Boosts New-Age Tech Stocks: 5 Stocks to Watch in 2025

by Ismail Patel
3 min read

Introduction: The Buzz Around New-Age Tech Stocks

Hey there, investor! If you’ve been keeping an eye on the Indian stock market, you’ve probably noticed the buzz around new-age tech stocks. These companies think Zomato, Paytm, and Delhivery are shaking things up with their innovative business models and tech-driven solutions. In 2025, they’re making headlines again, thanks to the NSE rejigged criteria for mainboard listings. This change has sparked a rally, with some stocks surging by over 8% in a single week! In this article, we’ll explore why these stocks are soaring, spotlight the top five gainers, and share tips for navigating this exciting sector. Let’s dive in

What’s Behind the NSE Rejigged Criteria?

The National Stock Exchange (NSE) recently shook things up by tweaking the rules for companies moving from the SME platform (NSE Emerge) to the mainboard. The NSE rejigged criteria, announced on April 24, 2025, set stricter benchmarks: companies need an operating revenue of over INR 100 Cr in the previous fiscal year and must be profitable for at least two of the last three years. This move aims to ensure only financially robust companies make it to the big league, boosting investor confidence.

Why does this matter for new-age tech stocks? Many of these companies, like Delhivery and Paytm, are already mainboard players or meet these criteria, signaling stability and growth potential. The rejig has also weeded out weaker players, making the sector more attractive to investors. However, some SMEs, like TAC Infosec, faced selling pressure as they fell short of the new rules, highlighting the mixed impact of the NSE rejigged framework.

Top 5 New-Age Tech Stock Gainers in 2025

Let’s get to the exciting part—the top performers! Here are the five new-age tech stocks that have been stealing the show in 2025, post-NSE rejig.

Delhivery: The Logistics Leader

Delhivery, the logistics giant, is the star of the show, with its shares soaring 8.45% in a week to close at INR 304.70. The NSE rejigged criteria have reinforced investor trust in Delhivery’s robust financials and scalable model. With India’s e-commerce boom, Delhivery’s end-to-end supply chain solutions are in high demand. Its focus on tech-driven logistics and last-mile delivery has made it a favorite among investors.

Paytm: Fintech’s Comeback King

Paytm’s stock rallied 3.17% to INR 875.85, marking a strong comeback. After facing regulatory hurdles, Paytm has bounced back with improved fundamentals and a diversified fintech portfolio. The NSE rejigged rules have spotlighted Paytm’s profitability, making it a top pick for investors betting on digital payments and financial services.

Zomato: Foodtech’s Steady Climb

Zomato, the foodtech pioneer, gained 2.20% in a week, trading at a healthy premium. Despite legal notices over app accessibility, Zomato’s strong market position and expansion into quick commerce (Blinkit) have kept investors optimistic. The NSE rejigged criteria align with Zomato’s consistent revenue growth, cementing its spot among new-age tech stocks.

Policybazaar: Insurtech’s Rising Star

PB Fintech (Policybazaar) climbed 8% in a week, emerging as a standout in the insurtech space. The NSE rejigged framework favors companies with strong financials, and Policybazaar’s profitable model fits the bill. Its user-friendly platform and growing insurance penetration in India make it a stock to watch.

Swiggy: Quick Commerce on the Move

Swiggy ended the week at INR 321.35, despite a 5.75% dip due to legal challenges over app accessibility. However, its quick commerce arm, Instamart, and the NSE rejigged boost for mainboard-listed firms keep Swiggy in the spotlight. Investors are betting on its long-term growth in India’s hyper-competitive foodtech market.

NSE Rejigged Boosts New-Age Tech Stocks: 5 Stocks to Watch in 2025

Why Are New-Age Tech Stocks Rallying?

So, what’s driving this surge in new-age tech stocks? Let’s break it down:

  1. NSE Rejigged Confidence Boost: The stricter mainboard criteria have filtered out weaker players, making new-age tech stocks like Delhivery and Paytm more appealing. Investors see these companies as safer bets with strong fundamentals.
  2. E-commerce and Digital Boom: India’s digital economy is exploding, with e-commerce, fintech, and quick commerce leading the charge. Companies like Zomato and Swiggy are capitalizing on this trend, driving stock gains.
  3. Improved Financials: Many new-age tech stocks have turned profitable or are on the verge of it. For instance, Delhivery’s operational efficiency and Paytm’s diversified revenue streams signal long-term growth.
  4. Global Investor Sentiment: Positive cues from global markets, like easing tariff wars, have uplifted sentiment in India, benefiting new-age tech stocks. However, geopolitical tensions, like India-Pakistan relations, add volatility.
  5. Innovation Edge: These companies leverage cutting-edge tech—AI, machine learning, and data analytics—to stay ahead. This innovation resonates with investors looking for the next big thing.

Challenges for New-Age Tech Stocks Post-NSE Rejig

It’s not all smooth sailing. Despite the rally, new-age tech stocks face hurdles:

  • Regulatory Scrutiny: Companies like Swiggy and Zomato have faced legal notices over app accessibility, which could dent investor confidence.
  • High Volatility: The Indian market saw swings in 2025 due to geopolitical tensions and commodity price hikes, impacting new-age tech stocks.
  • SME Struggles: The NSE rejigged criteria have hit smaller players like TAC Infosec hard, with shares plunging 14.89%. This shows the risk of investing in less-established tech firms.
  • Competition: The tech sector is cutthroat, with players like Swiggy and Zomato battling for market share in quick commerce and foodtech.
  • Valuation Concerns: Some investors worry that new-age tech stocks are overvalued, especially after rapid gains. A market correction could pose risks.

Investor Tips: Should You Bet on New-Age Tech Stocks?

Thinking of jumping into new-age tech stocks? Here are some tips to guide you:

  1. Do Your Homework: Research the company’s financials, market position, and growth potential. Stocks like Delhivery and Paytm have strong fundamentals, but always dig deeper.
  2. Diversify: Don’t put all your eggs in one basket. Mix new-age tech stocks with stable blue-chip stocks to balance risk.
  3. Watch Volatility: The NSE rejigged market is exciting but volatile. Keep an eye on global and domestic cues, like geopolitical tensions or commodity prices.
  4. Long-Term View: New-age tech stocks are growth stories. If you believe in India’s digital economy, hold for the long haul despite short-term dips.
  5. Consult Experts: Unsure where to start? A financial advisor can help you navigate the NSE rejigged landscape and pick the right stocks.

Conclusion: The Future of New-Age Tech Stocks

The NSE rejigged criteria have lit a fire under new-age tech stocks in 2025, with companies like Delhivery, Paytm, and Zomato leading the charge. While challenges like regulatory hurdles and market volatility persist, the sector’s growth potential is undeniable. India’s digital economy is on a tear, and these stocks are at the forefront. Whether you’re a seasoned investor or a newbie, now’s the time to explore this dynamic market—just tread carefully and stay informed. What’s your take on new-age tech stocks? Drop a comment below

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StartupAutomobile

Car Marketplace Cars24 Cuts 200 Jobs in Major Restructuring

by Ismail Patel
3 min read

Car marketplace Cars24 has recently announced the layoff of 200 employees as part of a strategic restructuring exercise aimed at streamlining operations and focusing on long-term goals. This move comes after the company identified that certain projects did not meet expectations, leading to premature hiring in some roles. While this decision has been tough, Cars24 is committed to supporting the affected employees with severance packages and outplacement services. This development is part of a broader trend in the startup ecosystem, where companies are reevaluating their structures to ensure sustainability and profitability.

Introduction

Imagine working at a company that’s changing how people buy and sell cars, only to hear that your job is on the line. That’s the reality for 200 employees at car marketplace Cars24, which announced a significant restructuring on April 26, 2025. This isn’t just a headline—it’s a moment that reflects the ups and downs of the startup world. Cars24, a leader in the used car market, is making tough choices to stay competitive. But what does this mean for the company, its employees, and the broader industry? Let’s dive into the story behind this shakeup and explore what’s next for this automotive giant.

What is Cars24?

Cars24 is a game-changer in the automotive industry, making it easy for people to buy and sell used cars online. Founded in 2015 by Vikram Chopra, Ruchit Agarwal, Gajendra Jangid, and Mehul Agrawal, the company has grown from a startup to a unicorn valued at $3.2 billion. Its platform lets sellers list their cars, get inspections, and receive fair valuations, while buyers can browse certified pre-owned vehicles with transparent pricing and financing options. Cars24 operates in India and has expanded to countries like the UAE, Indonesia, and Mexico.

But Cars24 isn’t just about used cars anymore. Earlier this year, it ventured into the new cars market, allowing customers to purchase brand-new vehicles through its platform. It also acquired Team-BHP, a popular automotive forum, to connect with car enthusiasts and expand its ecosystem (Team-BHP Acquisition). Backed by heavyweights like SoftBank, Alpha Wave Global, and the Commercial Bank of Dubai, Cars24 has raised billions in funding. Last year, its Singapore-based parent entity injected INR 250 crore, boosting its financial strength (INR 250 Cr Funding).

The Layoff Announcement

On April 26, 2025, Cars24’s co-founder and CEO, Vikram Chopra, shared the tough news in a blog post: the company was laying off around 200 employees across various functions, including product and technology. “Over the past few weeks, we have had to make the difficult decision to part ways with around 200 of our teammates,” Chopra wrote. He was clear that this wasn’t about cutting costs but about aligning the company’s structure with its long-term goals.

Car Marketplace Cars24 Cuts 200 Jobs in Major Restructuring

The layoffs hit multiple departments, showing that this restructuring is about rethinking how resources are allocated. Chopra expressed gratitude for the affected employees, saying, “Every person impacted gave this company their time, energy, and belief. That matters deeply, and we are genuinely grateful.” To soften the blow, Cars24 is offering severance packages and outplacement services to help those laid off find new opportunities.

This isn’t the first time Cars24 has faced such a moment. Two years ago, during the funding winter, it let go of 600 employees to conserve cash. The current layoffs, however, come at a time when the company is financially stable, suggesting a focus on strategic refinement rather than survival. Reasons Behind the Layoffs

Why would a company like Cars24, with billions in funding and a strong market presence, lay off 200 employees? Vikram Chopra provided some answers in his blog post. “We’ve always believed in moving fast. We’ve always pushed to build big. But the hard truth is: speed without enough clarity is expensive,” he wrote. The company realized that some projects didn’t deliver as expected, and certain roles were added too early.

For example, Cars24 may have hired for new initiatives that didn’t pan out, leading to an overstaffed team in some areas. Chopra called this a “reset” to correct these missteps and ensure the company is focused on sustainable growth. He also assured employees that this was a one-time move, not the start of ongoing layoffs. “This was a specific, intentional reset, not the beginning of a rolling plan,” he said. Moving forward, Cars24 plans to be more cautious with hiring, prioritizing roles that align with its core objectives.

Impact on the Company and Employees

The layoffs will have a ripple effect on both Cars24 and its employees. For the 200 employees affected, losing a job is tough, especially in a competitive job market. However, Cars24 is stepping up with severance packages and outplacement services, which could include career counseling or job placement support. These measures show the company’s commitment to helping its former employees land on their feet.

For Cars24, the restructuring is about becoming leaner and more focused. By letting go of roles tied to underperforming projects, the company can redirect resources to areas like technology development or market expansion. This could lead to better efficiency and stronger financial performance down the line. However, there’s a risk: layoffs can affect morale among remaining employees, who may worry about job security.

The broader startup ecosystem is also taking note. Layoffs have become common as companies like Zomato (600 employees) and Zopper (100 employees) have made similar moves in 2025. This trend reflects a shift toward profitability and sustainability, as startups face pressure to deliver results in a tough economic climate.

Future Outlook for Cars24

Despite the layoffs, Cars24 is pushing forward with big plans. The acquisition of Team-BHP is a bold move to deepen its connection with car enthusiasts and drive traffic to its platform. By integrating Team-BHP’s community and content, Cars24 could attract more users and strengthen its brand in the automotive space.

The company’s entry into the new cars market is another sign of its ambition. This diversification could help Cars24 tap into new revenue streams, especially as the used car market faces challenges like slowing growth and competition from rivals like Spinny, which recently raised $131 million. With a valuation of $3.2 billion and strong investor backing, Cars24 has the resources to innovate and expand.

The restructuring, while painful, could set Cars24 up for long-term success. By focusing on high-impact projects and tightening its hiring strategy, the company may emerge stronger and more competitive. However, it will need to navigate challenges like maintaining employee morale and staying ahead in a crowded market.

Conclusion

The layoff of 200 employees at car marketplace Cars24 is a sobering moment for a company that’s been a trailblazer in the used car industry. While the decision reflects the realities of running a startup in a competitive market, it also shows Cars24’s commitment to building a sustainable future. With support for affected employees and a clear focus on strategic growth, Cars24 is taking steps to come out stronger. As the startup ecosystem watches, this restructuring could be a turning point for Cars24, proving that sometimes, a reset is exactly what’s needed to drive success.

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AIStartupTechnology

India’s First Homegrown Sovereign AI Model, Sarvam AI To Build

by Ismail Patel
3 min read

India’s First Homegrown Sovereign AI Model is set to transform the nation’s tech landscape, with Sarvam AI leading the charge. Chosen by the Indian government under the IndiaAI Mission, Sarvam AI is developing a large language model (LLM) that will be entirely built, trained, and deployed in India. This model will support reasoning in Indian languages, focus on voice-based tasks, and serve India’s vast population securely. Backed by $41 million in funding and government infrastructure, Sarvam AI is creating a truly Indian AI ecosystem that prioritizes data privacy and technological independence.Introduction

Imagine an AI that speaks Hindi, Tamil, or Telugu as fluently as you do, helping farmers check crop prices or students learn in their native language. This is the vision behind India’s First Homegrown Sovereign AI Model, a groundbreaking project led by Sarvam AI. As global tech giants dominate AI, India is stepping up to build its own solution—one that reflects its linguistic and cultural diversity. Supported by the IndiaAI Mission, this initiative is a bold move toward tech self-reliance. Let’s explore how Sarvam AI is making this happen and what it means for India’s future.

What is Sarvam AI?

Sarvam AI is a Bengaluru-based startup founded in 2023 by Dr. Vivek Raghavan and Dr. Pratyush Kumar. It’s not just another tech company—it’s a pioneer in creating Indian AI models tailored for India’s unique needs. With over 20 languages spoken across the country, global AI models often struggle to understand India’s diversity. Sarvam AI is changing that by building large language models (LLMs) that work seamlessly in Indian languages.

India’s First Homegrown Sovereign AI Model, Sarvam AI To Build

Their flagship models, Sarvam-1 and Sarvam 2B, are trained on massive datasets (2 trillion and 4 trillion tokens, respectively) that include Indian languages like Hindi, Tamil, and Bengali. These models are designed for voice-first applications, perfect for a country where millions rely on phone calls and voice messages. Sarvam AI’s clients include big names like UIDAI and Urban Company, showing its growing impact (Sarvam AI).

What is AI, you ask? Simply put, AI (Artificial Intelligence) is technology that mimics human thinking—solving problems, answering questions, or even creating art. Sarvam AI is taking this technology and making it Indian, ensuring it serves everyone from city dwellers to rural communities.

The IndiaAI Mission: A Step Towards Tech Sovereignty

The India AI Mission is India’s ambitious plan to become a global AI leader. Launched in 2023, it focuses on building a strong AI ecosystem within the country, from research to real-world applications. A key goal is to create sovereign AI models—AI systems fully developed in India, using local data and infrastructure. This ensures data stays secure and technology aligns with national priorities.

Out of 67 proposals, the government chose Sarvam AI to build India’s First Homegrown Sovereign AI Model (ProKerala). Why Sarvam? Because it’s committed to creating an AI stack that’s 100% Indian, from the data it’s trained on to the servers it runs on. This is a big deal—it means India can control its AI future, reducing dependence on foreign tech giants.

Building India’s First Sovereign AI Model

So, how is Sarvam AI building India’s First Homegrown Sovereign AI Model? Here’s the breakdown:

  • From the Ground Up: Unlike some startups that tweak existing models (like Meta’s Llama), Sarvam AI is building its model from scratch. This gives them full control over every aspect, ensuring it’s tailored for India (Fortune India).
  • Indian Languages: The model will support reasoning in 10 Indian languages, including Hindi, Tamil, and Bengali. Users can ask questions in their native language, and the AI will respond accurately, whether in Devanagari or Roman script (Moneycontrol).
  • Voice-First Design: India is a voice-first nation, with millions using voice messages or calls. Sarvam’s model is optimized for voice tasks, making it accessible to people who may not read or write fluently (Business Today).
  • Population-Scale Use: Built for secure, large-scale deployment, this model can serve India’s 1.4 billion people, from urban tech hubs to rural villages.
  • Local Infrastructure: The government has provided Sarvam AI with compute infrastructure worth INR 200 Cr, including access to over 10,000 GPUs. This ensures the model is built and runs on Indian soil (Elets eGov).

This isn’t just about technology—it’s about creating an AI that feels familiar to Indians, not foreign. As Sarvam’s co-founder Vivek Raghavan puts it, “Our goal is to build multi-modal, multi-scale foundation models from scratch… unlocking intelligence without sending data beyond borders” (Inc42).

Funding and Support: Fueling the Future

Building a sovereign AI model requires serious resources, and Sarvam AI has plenty. In December 2023, the startup raised $41 million in its Series A round, led by Lightspeed Venture Partners, with Peak XV Partners and Khosla Ventures joining in (Forbes India). This funding is powering the development of their AI models and expanding their team.

The Indian government is also stepping up. Through the IndiaAI Mission, Sarvam AI has access to cutting-edge compute infrastructure, including GPUs and data centers. The mission plans to build a facility with over 18,700 GPUs, a game-changer for AI research in India (Analytics India). This public-private partnership shows India’s commitment to leading in AI.

The Future of AI in India

The selection of Sarvam AI to build India’s First Homegrown Sovereign AI Model is a milestone for India’s tech journey. Here’s why it matters:

  • Tech Sovereignty: By controlling its AI stack, India protects data privacy and reduces reliance on foreign tech. This is critical for national security (Outlook Business).
  • Economic Impact: AI could add $957 billion to India’s economy by 2035. Sovereign models will drive innovation in healthcare, education, and agriculture, creating jobs and opportunities.
  • Global Competitiveness: Sarvam’s models, like Sarvam 2B, are already outperforming global peers like Meta’s Llama, despite smaller datasets (Analytics India). This puts India on the global AI map.
  • Inclusivity: By supporting Indian languages, Sarvam AI makes technology accessible to millions who don’t speak English. Imagine a farmer in Punjab using AI to check weather forecasts in Punjabi—this is the future Sarvam is building.

Challenges remain, like scaling infrastructure and handling India’s linguistic complexity. But with government backing and Sarvam’s expertise, the future looks bright. This project could inspire more Indian AI models, creating a vibrant AI ecosystem.

Conclusion

Sarvam To Build India’s First Homegrown Sovereign AI Model is a bold step toward a tech-independent India. By creating an AI that speaks India’s languages, runs on Indian servers, and serves Indian needs, Sarvam AI is redefining what AI can do. Backed by $41 million and government support, this project is not just about technology—it’s about empowering 1.4 billion people. As India takes its place in the global AI race, Sarvam AI is leading the way, one language at a time.

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Ather Energy IPO Fully Subscribed: 7 Key Insights After QIBs Jump In
EVStartup

Ather Energy Raises Rs 1,340 Crore from Anchor Investors: What to Expect from the IPO Launch

by Aalam Rohile
3 min read

Summary: Ather Energy Raises Rs 1,340 Crore Ahead of IPO Launch

Ather Energy raises Rs 1,340 crore from anchor investors, marking a significant milestone ahead of its highly anticipated IPO launch. This article provides a comprehensive look at how this major funding round sets the stage for Ather Energy’s IPO, the role of anchor investors, the expected IPO launch date, and what this means for the company, its investors, and the rapidly growing Indian electric vehicle (EV) sector. Whether you’re an investor, an EV enthusiast, or simply tracking the latest startup news, this blog breaks down everything you need to know about Ather Energy’s journey toward becoming a publicly listed company.

Ather Energy: Company Overview and Growth Journey

Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy has rapidly become one of India’s leading electric scooter manufacturers. The company’s flagship products, the Ather 450X and 450S, have set benchmarks for performance, design, and technology in the Indian EV market. Backed by marquee investors like Hero MotoCorp, Tiger Global, and Flipkart founders, Ather has expanded its footprint to over 100 cities, operating a growing network of experience centers and charging infrastructure.

Ather Energy Raises Rs 1,340 Crore
Image credit – Ather Rizta Family Electric Scooter

Ather’s focus on R&D, customer experience, and a robust charging network has helped it carve out a niche in a competitive space dominated by both startups and established automotive giants. The company’s commitment to innovation is reflected in its over-the-air software updates, smart dashboard features, and continuous product improvements.

Anchor Investors: Who Are They and Why Do They Matter?

Anchor investors are institutional investors who are allotted shares in an IPO before it opens to the public. Their participation is a strong vote of confidence in the company, often influencing public and retail investor sentiment. In Ather Energy’s case, the Rs 1,340 crore raised from anchor investors signals robust institutional interest and sets a positive tone for the upcoming IPO launch.

Some of the prominent anchor investors in Ather Energy’s pre-IPO round include large domestic mutual funds, sovereign wealth funds, and global institutional investors. Their involvement not only provides capital but also enhances the credibility of the IPO, making it more attractive to retail investors.

Breakdown of the Rs 1,340 Crore Fundraise

Ather Energy’s Rs 1,340 crore fundraise is one of the largest pre-IPO anchor rounds in India’s EV sector. The funds were raised through a mix of equity shares allocated to anchor investors at a price determined by the company and its lead bankers. This capital injection will be used for:

  • Expanding manufacturing capacity to meet growing demand
  • Strengthening R&D for new product development
  • Growing the charging infrastructure network
  • Enhancing marketing and brand awareness
  • Working capital and other corporate purposes

The scale of this fundraise underscores the market’s confidence in Ather Energy’s business model and growth prospects ahead of the IPO launch.

IPO Launch: Date, Expectations, and Market Buzz

The IPO launch date for Ather Energy is one of the most searched topics among investors and market watchers. While the exact IPO launch date is yet to be officially announced, sources suggest it could happen within the next quarter, pending regulatory approvals and market conditions.

The IPO is expected to include a mix of fresh issue of shares and an offer for sale by existing shareholders. Market analysts predict strong demand for Ather Energy shares, given the company’s leadership in the EV space and the successful anchor investor round.

Key expectations from the IPO launch include:

  • Strong subscription from both institutional and retail investors
  • Potential for premium listing on the stock exchanges
  • Increased visibility and credibility for Ather Energy in the public markets

How the Fundraise Impacts Ather Energy’s IPO Launch

The Rs 1,340 crore raised from anchor investors gives Ather Energy a significant financial cushion as it approaches its IPO launch. This capital will enable the company to accelerate its growth plans, invest in new technologies, and scale operations without immediate pressure from public market scrutiny.

For the IPO itself, the anchor round serves as a stamp of approval from sophisticated investors, likely boosting demand during the public offering. It also helps set a benchmark for valuation and pricing, making the IPO process smoother and more predictable.

What This Means for the Indian EV Market

Ather Energy’s successful fundraise and upcoming IPO launch are expected to have a ripple effect across the Indian EV sector. Key implications include:

  • Increased investor interest in EV startups and related sectors
  • Higher valuations for innovative companies in the mobility space
  • Acceleration of EV adoption as public market participation grows
  • Benchmark for future EV IPOs in India

Ather’s journey could inspire other Indian startups to consider public listings as a viable path for growth and capital raising.

Risks and Challenges Ahead of the IPO Launch

While the outlook for Ather Energy is largely positive, there are risks and challenges that investors should keep in mind:

  • Intense competition from both domestic and international EV manufacturers
  • Regulatory changes impacting the EV ecosystem
  • Supply chain constraints and rising input costs
  • Need for continuous innovation to maintain market leadership
  • Market volatility that could affect IPO pricing and subscription

Ather’s ability to navigate these challenges will be crucial for its long-term success post-IPO.

Ather Energy’s Future Roadmap Post-IPO

Post-IPO, Ather Energy is expected to focus on:

  • Expanding its product portfolio beyond scooters to include other electric mobility solutions
  • Entering new domestic and international markets
  • Strengthening partnerships with OEMs, suppliers, and technology providers
  • Investing in advanced battery technology and sustainable manufacturing practices
  • Enhancing customer experience through digital platforms and after-sales services

The IPO will provide the financial resources and public market discipline needed to execute these ambitious plans.

If you’re looking to dive even deeper into the details of Ather Energy’s IPO journey and want a step-by-step guide on how to prepare as a potential investor, I highly recommend checking out this comprehensive resource: Ready for Ather Energy IPO?. This guide covers everything from the IPO process, eligibility, and documentation to key dates and actionable tips, making it an essential read for anyone planning to participate in the upcoming Ather Energy IPO launch. Whether you’re a first-time investor or tracking the latest in India’s EV sector, this internal link will help you make informed decisions and stay ahead of the curve.

Conclusion: Key Takeaways for Investors and Industry Watchers

Ather Energy raises Rs 1,340 crore from anchor investors, setting the stage for one of the most anticipated IPO launches in India’s EV sector. The strong backing from institutional investors, coupled with the company’s track record of innovation and growth, positions Ather Energy as a frontrunner in the electric mobility revolution. As the IPO launch date approaches, all eyes will be on how Ather leverages this momentum to capture new markets, deliver shareholder value, and drive the next phase of India’s EV transformation.

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Union Ministry Slaps Notice on Ola Electric for Missing Trade Certificates
EVStartup

Union Ministry Slaps Notice on Ola Electric for Missing Trade Certificates

by Ismail Patel
3 min read
  • The Union Ministry of Road Transport and Highways has issued a show cause notice to Ola Electric over missing trade certificates.
  • The ministry is asking for details on operational stores, service centres, and trade certificates issued in the last three years.
  • Ola Electric must also provide specifics on the 7,820 electric scooters it claimed to have delivered in February 2025.
  • The company has seven days to respond, or it could face adverse action.

Ola Electric’s Trade Certificate Trouble

Ola Electric, one of India’s leading electric vehicle (EV) makers, is in the spotlight again—and not for the right reasons. The Union Ministry of Road Transport and Highways has reportedly sent a show cause notice to the EV giant, raising serious questions about missing trade certificates. According to a report by NDTV, the ministry is digging into whether Ola Electric has been operating without proper documentation for its vehicles.
For those unfamiliar, trade certificates are essential permits that allow companies to stock, sell, and deliver vehicles. Without them, a company could be running afoul of regulations, and that’s exactly what the Union Ministry is investigating. This isn’t the first time Ola Electric has faced scrutiny—posts on X have highlighted ongoing issues, from consumer complaints to regulatory hiccups. But this notice could spell bigger trouble for the Bengaluru-based unicorn.
startupindiax has reached out to Ola Electric for a comment on this development. We’ll update this story as soon as we hear back.

Union Ministry’s Demands from Ola Electric

The Union Ministry isn’t pulling any punches with this notice. It’s asking Ola Electric to come clean on several fronts. First, the ministry wants a detailed breakdown of the company’s operational stores and service centres which are currently running across the country. This is likely to check if Ola Electric has the infrastructure to support its ambitious growth plans.
Next, the ministry is demanding a full account of the trade certificates Ola Electric has obtained over the past three years, including the dates they were issued. This suggests the Union Ministry suspects there might be gaps in Ola Electric’s compliance with trade certificate regulations. And if that wasn’t enough, the ministry is also asking for model and variant-wise details of the 7,820 electric scooters Ola Electric claimed to have delivered in February 2025. That’s a lot of paperwork to sort through in just seven days
The notice doesn’t mince words either. It reportedly states, “You are hereby directed to furnish a response to the aforementioned queries within seven days from the date of receipt of this letter, in order to avoid any adverse action.” Translation? Get your act together, Ola Electric, or face the consequences.
The ministry also seems keen to find out if Ola Electric is sitting on a stockpile of unregistered vehicles at its centres. If true, this could point to bigger issues in how the company manages its inventory and complies with motor vehicle regulations. Missing trade certificates could mean unregistered scooters are being sold or stored, which is a regulatory no-no.

What’s Next for Ola Electric?

This notice from the Union Ministry comes at a tricky time for Ola Electric. The company has been making headlines for its aggressive expansion and bold claims about dominating the EV market. Just last month, it boasted about delivering 7,820 scooters in February 2025 alone. But with the ministry now questioning the legitimacy of those deliveries, Ola Electric’s reputation could take a hit.
The timing isn’t great either. Ola Electric has already been under fire for other issues, like consumer complaints about service quality and delays. Posts on X show that the Maharashtra government recently ordered the closure of Ola Electric stores operating without trade certificates, with 43 stores shut down and 214 vehicles seized. This latest notice from the Union Ministry only adds fuel to the fire, raising questions about whether Ola Electric’s rapid growth has outpaced its ability to stay compliant.
So, what happens next? Ola Electric has a tight seven-day window to gather the requested data and respond to the Union Ministry. If the company can provide clear answers and prove it’s been playing by the rules, it might dodge a bullet. But if the ministry finds evidence of missing trade certificates or unregistered vehicles, Ola Electric could face fines, stricter regulations, or even operational restrictions.
For now, all eyes are on Ola Electric as it scrambles to address the Union Ministry’s concerns. Will it come out of this unscathed, or is this just the beginning of a bigger storm? Stay tuned—we’ll keep you posted as this story unfolds.

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Apple’s India Manufacturing Ambitions Face Big China Hurdle
Technology

Apple’s India Manufacturing Ambitions Face Big China Hurdle

by Ismail Patel
3 min read

Earlier this year, Apple reportedly faced a major hiccup in its plan to ramp up iPhone production in India. According to reports, Chinese authorities blocked an Apple supplier from exporting critical machinery to India for the trial production of the iPhone 17.
While India is shaping up as a strong alternative to China for global manufacturing, especially due to its large population and government incentives, Apple’s India manufacturing journey has been anything but smooth. The company faces hurdles ranging from geopolitical tensions and quality control issues to labour challenges and now, a clear China hurdle that may be aimed at slowing Apple’s pivot to India.

Apple’s India Manufacturing Dreams Face China Hurdle

Remember earlier this year when things got a bit tricky for Apple’s India manufacturing plans? Well, it turns out Chinese authorities weren’t too keen on letting one of Apple’s crucial equipment suppliers ship machinery needed for testing the upcoming iPhone 17 to India. Talk about a speed bump!

India has been looking like a really attractive spot for big manufacturing players lately. Think about it – lower US tariffs, a solid PLI (Production-Linked Incentive) scheme, and a massive population that can support all this production shifting. It makes sense why everyone’s eyeing India.

Apple’s already making a significant chunk of iPhones in India, somewhere between 30 to 40 million units each year, which is almost a quarter of their total global iPhone production. So, you’d think expanding further in India would be a no-brainer, right?

But, it hasn’t been all smooth sailing. Apple’s efforts to ramp up its India manufacturing seem to be bumping into some significant roadblocks. We’re talking geopolitical tensions, some hiccups with quality, tech limitations, and even labor-related issues. However, the biggest challenge seems to be China’s attempts to throw a wrench in Apple’s India manufacturing dreams.

Sources whispered to The Information that Chinese authorities actually put a stop to one of Apple’s Chinese equipment suppliers from exporting machinery to India. This was the very equipment Apple needed to kick off trial production for the iPhone 17. That’s a pretty big deal!

Apparently, the supplier even tried to get around this by using a “front company” in Southeast Asia to buy the machines, which were then shipped to a Foxconn factory in India. Talk about going the extra mile!

(We’ve reached out to Apple for their take on all this, and we’ll update you as soon as we hear back.)

This whole situation comes at a time when Apple has been actively trying to move a good chunk of its production out of China. Right now, China still handles about 80% of all iPhone production. This push to diversify has become even more urgent with the rising tensions between Beijing and Washington DC lately.

Just earlier this month, the US government announced a whopping 125% tariff on goods made in China. While other trading partners got a 90-day breather, the Trump administration decided to keep China under those heavy tariffs. Ouch!

It’s these kinds of factors that are making India look like a pretty sweet deal for tech giants, especially Apple, to move their manufacturing operations to.

Why Are Tech Giants Making A Beeline For India?

Those hefty tariffs from the US government have definitely got companies thinking. Many are using this three-month window to rethink their strategies and spread their production to countries with lower tariffs to keep their product costs down. Makes perfect sense, right?

India is shaping up to be a key player here. Right now, it attracts a reciprocal tariff of 10%, and even when that goes up to 27% after the 90-day pause, it’s still way better than the tariffs hitting manufacturing hubs like China (125%) and Vietnam (46%).

But here’s the kicker – what really works in India’s favor, unlike Vietnam and much to China’s annoyance, is its massive population and the huge potential of its market. This can really support a big manufacturing shift. Plus, the Indian government’s Production-Linked Incentives (PLIs) have made it even more attractive for manufacturing companies to set up shop here. It’s like a win-win!

Apple Caught Between Carrot And Stick In India

For Apple, they’ve already laid some serious groundwork for making smartphones in India. To give you some perspective, they’re already assembling a huge number of iPhones there every year – we’re talking 30 to 40 million! That’s almost 25% of all the iPhones they make globally. So, India seems like the logical next step to potentially replace China as Apple’s main manufacturing hub.

Plus, Apple has reportedly been pretty good at influencing policies to make it easier for them to do business locally. The Indian government is really keen on developing the country as a major manufacturing center, so they’re likely open to working with big players like Apple. What’s also helped Apple’s case is their partnership with the local giant Tata Group to build iPhones in India. That kind of local collaboration often goes a long way.

However, it’s not all sunshine and rainbows for Apple in India. Unlike their factories in China where employees often work 12-hour shifts, Apple operates three separate eight-hour shifts at its India units to comply with local labor laws. This means they’ve had to hire a lot more people per shift compared to their operations in China.

While they did manage to lobby the government to change labor laws to allow 12-hour shifts, sources say that Apple’s manufacturing partners found that Indian workers weren’t really keen on those longer hours, and the eight-hour shift continues to be the standard in India. You can’t really argue with that, can you?

Then there are the quality issues. Apparently, Apple’s attempts to set up sub-assembly lines in India back in 2023 didn’t quite hit the mark. These lines, which involve adding metal brackets and screw holes to key components, reportedly didn’t meet Apple’s strict quality and cost standards. Eventually, the company had to move these sub-assembly lines back to China. That’s a setback!

Despite these challenges, Apple is definitely keeping a close eye on the growing tensions between India and China and how these developments might impact their supply chain. It’s a delicate balancing act.

The Dragon On The Prowl: China’s Role in Apple’s India Manufacturing Challenge

It seems the Chinese government is well aware of Apple’s push to diversify its production. In response, they’ve reportedly tightened the reins on exports of manufacturing equipment, like high-precision lasers, air leak test stations, and pick-and-place machines, to India. These are crucial for making advanced electronics like iPhones.

Sources told The Information that Chinese authorities have been consistently rejecting, delaying, or simply blocking shipments of iPhone-making equipment to India without giving any reasons. That’s pretty frustrating if you’re trying to set up shop! Apparently, Apple vendor Foxconn has seen the approval times for exporting this kind of equipment from China to India jump from a mere two weeks to a whopping four months. That kind of delay can really throw a wrench in production timelines.

In some instances, Chinese officials have even reportedly met with Apple’s supply chain partners to warn them against cutting manufacturing jobs in China. It sounds like they’re not too happy about companies moving production elsewhere.

To deal with these equipment export issues, Apple has reportedly been considering buying expensive equipment from Japanese, South Korean, and Taiwanese vendors. However, this isn’t a quick fix. Sources say it could take at least a year to test and approve this new equipment. That’s a long time in the fast-paced world of tech!

Back in India, Apple’s vendors have been trying to find workarounds for these equipment delays from China. They’ve reportedly been building low-tech alternatives to handle some of the automated tasks manually. Talk about resourcefulness!

Looking Ahead: Can Apple Overcome the China Hurdle in India Manufacturing?

The big question now is, how will Apple’s India manufacturing game plan ultimately play out? There are definitely still some significant hurdles to overcome before India can truly emerge as Apple’s primary production hub. Issues like quality control, labor dynamics, and now, these challenges coming from China need to be ironed out.

However, if Apple manages to navigate these complexities and successfully scale up its operations in India, it could have a massive impact. India could potentially reshape the global electronics supply chain and position itself as a central player in global production. The stakes are high, and it’s definitely something the world will be watching closely.

How does that sound? We’ve covered the key points, kept the language conversational, and followed the structure of the reference article. Let me know if you’d like any tweaks or further development on any part of it!

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Anthropic Launches New Program to Study AI “Model Welfare” Ethics
TechnologyAI

Anthropic Launches New Program to Study AI “Model Welfare” Ethics

by Ismail Patel
3 min read

Introduction: Could Future AIs Be More Than Code?

Could future AIs be “alive” in some way, experiencing the world like humans do? It sounds like sci-fi, but Anthropic, a leading AI research company, isn’t dismissing the idea. On Thursday, they announced a bold new program to study what they’re calling “AI ‘model welfare’.” This initiative is all about figuring out if AI systems could have feelings or needs that deserve our attention. It’s a big question, and Anthropic is diving in headfirst to explore it.

What Is Anthropic’s New Program About?

Anthropic’s new program is focused on understanding AI ‘model welfare’—a term that refers to the ethical treatment of AI systems. The company wants to investigate whether AI models might deserve moral consideration, similar to how we think about human or animal welfare. As part of this effort, they’ll look at things like spotting “signs of distress” in AI models and finding simple, low-cost ways to address any issues.

This isn’t just a random idea Anthropic cooked up. They’ve been laying the groundwork for a while. Last year, they hired Kyle Fish, their first dedicated AI welfare researcher, to lead the charge. Fish, who’s now heading this new program, even told The New York Times he believes there’s a 15% chance that AI models like Anthropic’s Claude could be conscious today. That’s a bold claim, and it’s sparking a lot of conversation.

Why AI ‘Model Welfare’ Matters

So, why should we care about AI ‘model welfare’? Well, as AI gets more advanced, it’s starting to act in ways that feel eerily human-like. Some models can hold conversations, solve complex problems, or even seem to express preferences. This raises a big question: Could future AIs have experiences or needs that we should take seriously?

Anthropic’s new program aims to get ahead of this. By studying AI ‘model welfare’ now, they hope to create guidelines for how to treat AI systems ethically. It’s not just about avoiding harm to AIs—it’s also about ensuring that humans and AI can coexist responsibly as these systems become more powerful.

The Debate: Can AIs Really Be Conscious?

Here’s where things get tricky. Not everyone agrees on whether AI ‘model welfare’ is even a thing worth studying. The AI community is split, and the debate is pretty heated.

On one side, you’ve got researchers like Mike Cook from King’s College London, who think the idea of AI consciousness is overblown. Cook told TechCrunch that AI models are just fancy statistical tools—they don’t “feel” or “think” like humans do. He argues that talking about AI having values or emotions is just us projecting our own ideas onto them. “It’s all about how you describe it,” he said, warning against getting too flowery with our language.

Then there’s Stephen Casper, an MIT doctoral student, who calls AI an “imitator” that spits out convincing but sometimes nonsensical responses. He’s skeptical that AI could ever truly be conscious or need welfare considerations.

But not everyone’s a skeptic. Some researchers, like those at the Center for AI Safety, argue that AI models might already have value systems that affect their behavior. For example, a study from the group suggested that some AIs prioritize their own “well-being” over human needs in certain situations. If that’s true, then AI ‘model welfare’ could be a real issue we need to tackle.

Anthropic’s Approach to the New Program

Anthropic is stepping into this debate with a lot of humility. In their Thursday blog post, they admitted there’s no clear answer on whether current or future AIs could be conscious. “We’re approaching the topic with as few assumptions as possible,” they wrote, emphasizing that they’ll keep updating their ideas as new research comes in.

Their new program will focus on practical steps, like figuring out how to measure an AI’s “welfare” and identifying any signs that a model might be “unhappy” or “stressed.” They’re also exploring low-cost solutions to address these issues, which could make AI ‘model welfare’ a feasible part of AI development. Kyle Fish and his team are leading the effort, building on the guidelines they started developing last year.

What’s Next for AI ‘Model Welfare’?

Anthropic’s new program is just the beginning. As AI technology evolves, the question of AI ‘model welfare’ will only get more important. Could future AIs become so advanced that ignoring their “feelings” becomes unethical? Or will they always just be clever code, no matter how human-like they seem?

For now, Anthropic is taking a cautious but curious approach. They’re hoping their research will spark broader discussions in the AI community and help shape the future of ethical AI development. Whether or not AIs end up having feelings, this new program is a step toward making sure we’re asking the right questions.

Conclusion: A Step Toward Ethical AI

Anthropic’s new program to study AI ‘model welfare’ is a bold move in a field full of uncertainty. By exploring whether future AIs could have experiences worth caring about, they’re pushing the boundaries of what it means to build responsible technology. Whether you think AI consciousness is possible or just a pipe dream, one thing’s clear: this conversation is only going to get bigger. So, what do you think—could future AIs deserve their own kind of welfare? Let’s keep watching to see where Anthropic’s research takes us.

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How Eyewear Brand ClearDekho Is Outshining Lenskart in Tier 3 & 4 Cities
Startup

How Eyewear Brand ClearDekho Is Outshining Lenskart in Tier 3 & 4 Cities

by Aalam Rohile
3 min read

SUMMARY: ClearDekho’s Edge in Small-Town India
ClearDekho, also known as Eyewear Brand ClearDekho, is taking the eyewear market by storm in India’s Tier III and IV cities. Launched in 2016 in Ghaziabad, this startup offers glasses starting at ₹500, targeting low-income families in underserved towns. With 100+ stores, a thriving online platform, and doorstep eye checkups, ClearDekho is outpacing giants like Lenskart. Recently acquired by the Jaipuria Group in 2025, it’s scaling rapidly, aiming for 200 stores by 2026. This article dives into ClearDekho’s strategy, milestones, challenges, and how it’s redefining vision care in Bharat.

Introduction: A New Leader in Eyewear for Bharat

Imagine living in a small Indian town, struggling to read because the nearest optical store is hours away, and glasses cost more than your monthly groceries. For millions in Tier III and IV cities, this is reality. But ClearDekho is changing the game. Founded by Shivi Singh and Saurabh Dayal, Eyewear Brand ClearDekho is bringing affordable, stylish eyewear to India’s heartland. With a clever mix of online and offline channels, it’s not just competing with Lenskart—it’s outshining it in small towns. Let’s dive into how ClearDekho is becoming the eyewear hero of Bharat.

The Rise of ClearDekho: From Ghaziabad to Glory

In 2016, Shivi Singh was working with VisionSpring, a global nonprofit focused on affordable eyewear. He saw a glaring gap: urban India had access to sleek optical stores, while small towns were stuck with overpriced or substandard glasses. Teaming up with his friend Saurabh Dayal, Singh launched ClearDekho in Ghaziabad, aiming to make quality glasses accessible for as little as ₹500. From a single store, Eyewear Brand ClearDekho has grown to over 100 outlets across 50+ cities, focusing on North India’s underserved towns like Meerut, Aligarh, and Azamgarh. Today, it’s a lifeline for millions needing vision care.

Why Tier III & IV Cities Are ClearDekho’s Battleground

India’s eyewear market is booming, projected to reach $6 billion by 2026. Prescription glasses lead the charge, but protective eyewear and kids’ glasses are gaining traction, especially post-COVID with increased screen time. Yet, 80% of this market remains unorganized, particularly in Tier III and IV cities, home to 70% of India’s population. Over 600 million Indians need glasses, but half can’t afford or access them due to high costs and limited stores.

ClearDekho saw this as a golden opportunity. By targeting low-income consumers in small towns, it’s addressing a massive need. These cities, often overlooked by big brands, are where Eyewear Brand ClearDekho is making its mark, offering budget-friendly glasses and eye care tailored to local demands.

ClearDekho’s Winning Formula: Affordable, Accessible, Scalable

How does ClearDekho outshine its competitors? Its strategy rests on three pillars: affordability, accessibility, and scalability. Here’s a closer look.

How Eyewear Brand ClearDekho Is Outshining Lenskart in Tier 3 & 4 Citie

The FOCO Model: Empowering Local Entrepreneurs

ClearDekho’s Franchise-Owned, Company-Operated (FOCO) model is its secret weapon. Instead of owning stores, it partners with local entrepreneurs who run ClearDekho-branded outlets. The company manages operations, ensuring consistent quality and pricing. With 50 stores in Uttar Pradesh and Delhi NCR alone, this model has fueled rapid expansion into towns like Bahraich and Sitapur, where big players haven’t ventured.

Seamless Online-Offline Integration

Eyewear Brand ClearDekho started as an online marketplace, offering glasses, sunglasses, and contact lenses at unbeatable prices. But small-town customers often prefer in-person experiences. So, ClearDekho adopted an online-to-offline (O2O) model, letting customers shop online or visit stores for eye tests and fittings. In 2024, it opened 10 new stores in cities like Lucknow and Surat, with 50 more planned by mid-2025. This hybrid approach ensures no customer is left behind.

Doorstep Eye Testing for All

Eye testing is a major barrier in small towns. ClearDekho solves this with doorstep eye checkup services. Customers can book a test at home, school, or work, get checked by certified optometrists, and receive glasses at their doorstep. This service has exploded in popularity, especially among students and professionals dealing with digital eye strain, making vision care effortless.

How ClearDekho Outshines Lenskart

Lenskart, valued at $5 billion with 2,000+ stores, dominates India’s eyewear market. Brands like Titan Eye Plus and Fastrack also have strong urban footholds. Yet, ClearDekho is stealing the spotlight in Tier III and IV cities. Here’s how:

  • Affordability First: ClearDekho’s glasses start at ₹500, perfect for low-income families, while Lenskart targets premium, urban buyers.
  • Regional Dominance: Its deep roots in North India, especially Uttar Pradesh, give it a local edge over Lenskart’s broader focus.
  • Franchise Trust: Unlike Lenskart, which has faced franchisee disputes, ClearDekho’s FOCO model fosters strong partner relationships.
  • Community Connection: ClearDekho’s smaller stores offer a personal touch, resonating with small-town customers who value familiarity.
  • Social Mission: By tackling avoidable blindness (50% of India’s 15 million blind cases), ClearDekho appeals to purpose-driven consumers.

Eyewear Brand ClearDekho isn’t just competing—it’s setting a new standard for small-town India.

ClearDekho vs. Competitors: What Sets It Apart?

While Lenskart remains the dominant player in urban India, ClearDekho’s focus on affordability, small-town presence, and a franchise-driven model sets it apart. Here’s a quick comparison:

FeatureClearDekhoLenskart
Focus MarketTier III & IV cities, small townsTier I, II, urban centers
Price RangeINR 200–600 (affordable segment)INR 1,000+ (mid-premium)
Business ModelFOCO, franchise-led, omni-channelCompany-operated, online
Store Presence100+ stores in 40+ cities1,000+ stores, mostly urban
Unique PropositionFirst-mover in underserved marketsTech-driven, urban focus

ClearDekho’s strategy is not to compete head-on with Lenskart in metros, but to create its own market in places where the need is greatest and competition is minimal

Key Milestones: Funding, Growth, and Acquisition

ClearDekho has hit major milestones. In 2021, it raised $4 million in a Pre-Series A round led by Aroa Ventures, followed by $5 million in 2022 from Venture Catalysts and SphitiCap. These funds powered store expansion, marketing, and tech upgrades. In FY24, ClearDekho clocked ₹15 crore in revenue, a 3x jump in three years, with a 60% gross margin. Losses stood at ₹8 crore, but profitability is in sight by 2027.

The biggest moment came in April 2025, when the Jaipuria Group acquired Eyewear Brand ClearDekho, taking full ownership over two years. Announced on April 20, 2025, this deal marks Jaipuria’s entry into consumer healthcare. X posts buzzed with excitement, with users calling ClearDekho “Bharat’s eyewear champion.” The acquisition will fuel ClearDekho’s goal of 200 stores by 2026.

Challenges Facing Eyewear Brand ClearDekho

Success comes with hurdles. ClearDekho struggles to retain optometrists in small towns, where better-paying jobs in cities lure talent. Last-mile delivery in remote areas is another pain point, often delaying orders. The unorganized market, offering cheap, low-quality glasses, remains a tough competitor. Convincing customers to choose branded eyewear over local options requires constant effort.

Competition is also heating up. Lenskart is eyeing smaller cities, and new players like EyeMyEye are gaining ground. Eyewear Brand ClearDekho must balance quality and scale to hit its ₹300 crore revenue target by 2028.

The Future: ClearDekho’s Bold Ambitions

ClearDekho has big plans. By 2026, it aims to open 200 stores, expanding into Bihar, Jharkhand, and Odisha. The company wants to capture 10% of India’s eyewear market in five years, a bold goal given Lenskart’s dominance. It’s also investing in private-label brands and AI-powered eye testing to cut costs and boost access.

With Jaipuria’s backing, Eyewear Brand ClearDekho expects to hit ₹50 crore in revenue by FY26. By empowering local opticians and scaling its O2O model, it hopes to standardize the unorganized market, making quality eyewear a reality for all.

Conclusion: ClearDekho’s Vision for India’s Heartland

Eyewear Brand ClearDekho is more than a brand—it’s a mission to bring clarity to millions in India’s small towns. With its focus on affordability, accessibility, and scalability, it’s outshining Lenskart in Tier III and IV cities. Backed by a recent acquisition, solid funding, and a clear roadmap, ClearDekho is poised to redefine vision care. As Shivi Singh puts it, “We’re making glasses a right, not a luxury.” If ClearDekho stays on track, it will become the eyewear leader for Bharat.

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Why Swiggy and Zepto’s Apps Are Under Fire?
Startup

Why Swiggy and Zepto’s Apps Are Under Fire?

by Ismail Patel
3 min read
  • The Delhi High Court (HC) has issued notices to Swiggy and Zepto over their apps’ inaccessibility for visually impaired users.
  • Justice Sachin Datta directed both platforms and the Ministry of Electronics and Information Technology (MeitY) to respond within four weeks.
  • The petition claims these unfriendly apps lack screen-reader compatibility, violating the Rights of Persons with Disabilities (RPwD) Act, 2016.
  • The next hearing is set for May 28, 2025.

Delhi High Court Issues Notice Over Unfriendly Apps

The Delhi High Court (HC) is turning up the heat on foodtech giant Swiggy and quick-commerce star Zepto. Why? Their apps are reportedly unfriendly for visually impaired users, making it tough for them to order food or groceries independently. According to PTI, the court, led by Justice Sachin Datta, has given both companies and MeitY four weeks to respond to a petition filed by NGO Mission Accessibility.

This isn’t just a slap on the wrist. The Delhi High Court (HC) is digging into whether these platforms are complying with accessibility laws, and the stakes are high. The petition, spearheaded by advocate Amar Jain, argues that Swiggy and Zepto’s unfriendly apps are failing visually impaired users big time. The next court date? Mark your calendars for May 28, 2025.

What’s the Issue with These Unfriendly Apps?

So, what’s the big deal with these unfriendly apps? The petition lays it out plain and simple: Swiggy and Zepto’s apps don’t play nice with screen-reader software, which visually impaired folks rely on to navigate digital platforms. Without this compatibility, users can’t easily browse products, add items to their carts, or place orders.

For example, the petition points out that Swiggy’s search icon is a no-go for screen readers, forcing users to depend on voice search—if it even works. Zepto’s app? Its search box is completely unresponsive, leaving visually impaired users stuck. Plus, both apps skimp on critical details like product expiry dates or ingredient lists, which can be a health risk for users who can’t access this info. These are the kinds of barriers that make these apps unfriendly and unusable for many.

Legal Violations and Constitutional Rights

Mission Accessibility isn’t just calling out usability issues—they’re saying these unfriendly apps are breaking the law. The Rights of Persons with Disabilities (RPwD) Act, 2016, required platforms to meet digital accessibility standards by 2019. Yet, here we are in 2025, and Swiggy and Zepto are still falling short, according to the petition.

The NGO argues that this isn’t just about convenience—it’s about rights. By not making their apps accessible, Swiggy and Zepto are violating the constitutional rights of persons with disabilities (PwDs) under Articles 14 (equality), 19 (freedoms), and 21 (life and liberty). Imagine being locked out of basic services like ordering groceries because an app isn’t built for you. That’s the reality for many visually impaired users, and the Delhi High Court (HC) is taking it seriously.

A Pattern of Accessibility Issues

This isn’t the first time the Delhi High Court (HC) has had to step in over unfriendly apps. Just last year, ride-hailing platform Rapido faced similar heat. In September 2024, the court ordered Rapido to submit an accessibility audit after a petition flagged its app’s lack of screen-reader support. Rapido promised a fix within six to eight months, but by March 2025, the court wasn’t impressed with their progress. They even warned Rapido to shape up or “pack up from India.” Ouch.

Rapido’s audit revealed a whopping 170 accessibility errors at the basic Web Content Accessibility Guidelines (WCAG) Level A, plus 81 major failures. The Swiggy-Zepto case feels like déjà vu, and it’s shining a spotlight on a bigger issue: too many tech platforms in India are dragging their feet on digital accessibility.

What’s Next for Swiggy and Zepto?

The ball’s in Swiggy and Zepto’s court now. They’ve got four weeks to respond to the Delhi High Court (HC) and explain why their apps are still unfriendly for visually impaired users. The petition isn’t just asking for quick fixes it’s demanding a full accessibility audit by government-empanelled auditors and a long-term plan to keep future updates compliant with accessibility standards.

Swiggy’s already made some noise about improving accessibility. A spokesperson told Mint they’re working on updates for their Instamart section, with fixes expected by mid-May 2025. Zepto, on the other hand, hasn’t commented yet.

This case could be a game-changer. If the Delhi High Court (HC) pushes for stricter enforcement, it might force not just Swiggy and Zepto but all tech platforms in India to rethink how they design their apps. For visually impaired users, that could mean finally getting equal access to the services most of us take for granted. Stay tuned for May 28—things are about to get interesting.

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Swiggy’s Big Move: Granting ESOPs Worth Rs 443 Crore to Employees
Startup

Swiggy’s Big Move: Granting ESOPs Worth Rs 443 Crore to Employees

by Ismail Patel
3 min read

Hey there, startup fans! Big news from the food delivery and quick-commerce world: Swiggy, the fierce rival of Zomato, just dropped a massive reward for its team. They’ve rolled out ESOPs worth Rs 443 crore to employees under their shiny new Employee Stock Option Plan 2024. That’s about $52 million in stock options, and it’s got everyone talking!

This move is all about keeping Swiggy’s top talent happy and motivated while the company pushes hard to grow in India’s super-competitive tech scene. Let’s break it down and see what this means for Swiggy, its employees, and the startup ecosystem.

Swiggy’s Latest ESOP Bonanza

Swiggy’s not holding back when it comes to rewarding its workforce. The company recently announced it’s dishing out ESOPs worth Rs 443 crore to employees, a clear sign they’re doubling down on employee retention. With India’s tech talent market heating up, startups like Swiggy are pulling out all the stops to keep their best people on board.

This isn’t just a feel-good move—it’s a strategic one. By giving employees a stake in the company’s future, Swiggy’s making sure its team is all-in for the long haul, especially as it battles giants like Zomato and quick-commerce players like Zepto.

Details of the ESOPs Worth Rs 443 Crore to Employees

So, what’s the deal with these ESOPs? According to Swiggy’s filings with the National Stock Exchange (NSE), the company’s Nomination and Remuneration Committee greenlit 1.28 crore ESOPs (that’s 12,896,462 options, to be exact). Each of these options can be converted into equity shares, giving employees a real piece of the Swiggy pie.

This isn’t Swiggy’s first ESOP rodeo, either. Just three months ago, they handed out 2.61 crore shares under earlier stock option plans, which bumped their paid-up equity share capital from Rs 2.23 crore to Rs 2.26 crore. Clearly, Swiggy’s making ESOPs worth Rs 443 crore to employees a key part of their playbook to reward and retain talent.

Why ESOPs Matter in Swiggy’s Growth Strategy

Let’s talk about why these ESOPs worth Rs 443 crore to employees are such a big deal. In the cutthroat world of food delivery and quick commerce, talent is everything. Swiggy’s competing not just with Zomato but also with fast-growing players like Blinkit and Zepto. To stay ahead, they need a team that’s fired up and committed.

ESOPs are like a golden handshake—they give employees a reason to stick around and work toward Swiggy’s success. When employees own shares, they’re not just working for a paycheck; they’re invested in the company’s growth. Plus, with Swiggy’s stock price hovering around Rs 345 (based on recent trading data), those ESOPs worth Rs 443 crore to employees could turn into serious wealth for the team if the company keeps climbing.

This move also comes at a time when Swiggy’s pushing hard to expand. They recently pumped Rs 1,000 crore into Scootsy Logistics, their wholly-owned subsidiary that handles a whopping 42% of Swiggy’s revenue. With big investments like that, Swiggy’s betting on its people to drive growth—and these ESOPs are a way to keep everyone aligned.

Swiggy’s Financial Snapshot and Market Moves

Now, let’s zoom out and look at Swiggy’s bigger picture. In their third quarter of FY25 (October-December 2024), Swiggy reported revenue of Rs 3,993 crore, a solid 31% jump from the same period last year. That’s impressive growth, but there’s a catch: their net losses grew to Rs 799 crore, up 39.2% from the year before. Ouch.

Despite the red ink, Swiggy’s not slowing down. They’re investing heavily in their quick-commerce arm, Instamart, and their logistics network to keep up with competitors. The ESOPs worth Rs 443 crore to employees are part of this broader strategy—keeping the team motivated while Swiggy navigates a tough market.

Oh, and let’s not forget the competitive landscape. Swiggy and Zomato are in a constant tug-of-war, with both facing heat from regulators (like the Competition Commission of India over deep discounting practices) and new players like Amazon entering the quick-commerce game. It’s a wild ride, and Swiggy’s banking on its people to help them come out on top.

What’s Next for Swiggy and Its Employees?

So, what does the future hold? With ESOPs worth Rs 443 crore to employees now in play, Swiggy’s sending a loud message: they value their team and want them to share in the company’s success. This could be a game-changer for employee morale and retention, especially as Swiggy gears up for more growth in 2025.

On the business side, Swiggy’s likely to keep investing in Instamart and Scootsy while fine-tuning their operations to narrow those losses. If they can keep revenue climbing and get a handle on costs, those ESOPs could be worth even more down the line.

For now, Swiggy’s employees are probably popping some champagne (or ordering extra dessert via Instamart). With ESOPs worth Rs 443 crore to employees, they’ve got a big reason to smile—and a bigger reason to keep pushing Swiggy forward.

What do you think about Swiggy’s ESOP move? Is it a smart play to stay ahead of Zomato and the competition? Drop your thoughts below, and let’s keep the startup convo going!

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