Tag: CEO

AI Tech Startups

Indian Startup News on Instagram: “Bharat1.AI has opened a 10-storey AI Superpark at RGA Tech Park on Bengaluru’s Sarjapur Road and is planning a 70-acre AI city near Agara Lake as it looks to raise $650 million, according to a Moneycontrol report. More than two months after the Superpark opened, Moneycontrol found its second floor operational, with engineers testing robotic AI models behind translucent glass walls. The 500,000-square-foot building, which can accommodate 8,000 to 10,000 people, forms Phase 1 of the project. Phase 2 will feature a city-like AI simulator where humans, digital twins and robots interact to help train physical AI for real-world use cases. Bharat1.AI co-founder and CEO Umakant Soni said the project draws inspiration from Shanghai’s Foundation Model Innovation Center, which brings together more than 100 enterprises. Notably, Soni also said the shared ecosystem has helped accelerate China’s AI development. Image for representational purposes only. #bengaluru #sarjapur #techparks #AI #indianstartupnews”

Bharat1.AI has opened a 10-storey AI Superpark at RGA Tech Park on Bengaluru’s Sarjapur Road and is planning a 70-acre…

Fintech Startups

Indian Startup News on Instagram: “MobiKwik co-founder Upasana Taku bought 1.07 lakh shares of the company for about Rs 2.12 crore through open-market transactions, according to a stock exchange filing. Taku acquired 52,000 shares on September 28 for about Rs 1.04 crore and another 55,000 shares on September 29 for about Rs 1.09 crore. The purchases raised her holding to 80.65 lakh shares from 79.58 lakh. Taku said she had also bought 1.87 lakh shares in December 2025, taking her total purchases since MobiKwik’s December 2024 IPO to 2.94 lakh shares. She said neither she nor any member of the promoter group has sold shares since the IPO. Her latest purchases averaged about Rs 198.5 per share, roughly 29% below MobiKwik’s Rs 279 IPO price. Notably, Taku is MobiKwik’s co-founder, while Bipin Preet Singh serves as managing director and CEO. MobiKwik provides payments, investments and consumer credit products. #MobiKwik #shares #payments #indianstartupnews”

MobiKwik co-founder Upasana Taku bought 1.07 lakh shares of the company for about Rs 2.12 crore through open-market transactions, according…

Fintech Startups

Indian Startup News on Instagram: “PhonePe co-founder and CEO Sameer Nigam defended the new MDR framework for select UPI merchant transactions above Rs 2,000 in an interview with India Today’s Rajdeep Sardesai. Asked about criticism from former BharatPe co-founder Ashneer Grover. “I won’t comment simply because I don’t, I don’t take him seriously”, Nigam said. Nigam argued that the payments industry should not depend on taxpayer-funded government subsidies, saying banks and fintech companies spend around Rs 10,000-12,000 crore annually at current UPI volumes. He said government subsidies of around Rs 2,000 crore have not been enough to cover industry costs, adding that payment companies need a sustainable revenue model rather than continued dependence on subsidies. #phonepe #bharatpe #ashneergrover #UPI #payments #digital #indianstartupnews”

PhonePe co-founder and CEO Sameer Nigam defended the new MDR framework for select UPI merchant transactions above Rs 2,000 in…