Year in Review: Tier II cities become new hotspots for GCCs
The global capability centre (GCC) story of India is now spreading its roots beyond the top metros of the country into Tier II locations, as corporations seek to reap the benefits of their presence in such cities.
India has turned into a pre-eminent destination for GCCs around the globe, and global corporations are in no mood to slow down their plans of setting up centres in the country. Now, they want to look beyond metropolitan locations.
One of the key highlights for India GCCs in 2025 has been a push towards establishing such centres in locations outside of the metros.
Today, India is home to around 1,800 GCCs generating a revenue of around $65 billion, according to various estimates. This number is projected to rise to about 2,400 GCCs by 2030, with revenue set to cross $100 billion. The segment employs around 1.9 million professionals. Read more.
Beyond the skip button: Flam is rewriting the rules of digital attention
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Sunil Maddikatla (Founder & CEO), Srini Chandupatla (Chief Strategy Officer), and Roshan Gupta (Chief Revenue Officer), the leadership team building EYVA’s non-invasive metabolic health device from India.
” align=”center”> Sunil Maddikatla (Founder & CEO), Srini Chandupatla (Chief Strategy Officer), and Roshan Gupta (Chief Revenue Officer), the leadership team building EYVA’s non-invasive metabolic health device from India.
Most digital advertisements today follow a predictable pattern: a video pops up on your screen, you skip it in five seconds, and move on. In a world where people scroll faster than brands can talk to them, attention has quietly become the most expensive commodity online.
Bengaluru- and San Francisco–based Flam wants to change this. Instead of flat, one-way ads, the startup is building interactive, mixed-reality content that users can touch, move, or even talk to—all without downloading an app.
Flam was founded in 2021 by three college friends from Birla Institute of Technology and Science (BITS) Pilani: Shourya Agarwal (Co-founder and CEO), Malhar Patil (Co-founder and COO), and Amit Gaiki (Co-founder and CTO).
What began as an exploration in consumer internet products gradually evolved into a full-stack mixed-reality publishing infrastructure used by more than 100 global brands. But the idea did not appear overnight. Read more.
Age, grit, and determination: These 5 women are redefining what’s possible
For women, age is frequently treated as a boundary rather than a milestone. It’s often assumed that ambition, determination, and reinvention belong to the youth.
But women are dismantling these assumptions to prove that age is just a number, and you are as old as you feel. They are choosing purpose and adventure and focusing on giving back.
Meet the women rethinking and reinventing ageing while being the change they wish to see in this world.
Latest news
Flipkart gets NCLT nod to shift domicile to India, moves closer to IPO
Flipkart has secured clearance from the National Company Law Tribunal (NCLT) to flip its domicile from Singapore to India. With this, the Walmart-owned ecommerce player moves closer to its public market debut dream.
According to the NCLT order, the approval allows the amalgamation of eight Singapore-incorporated entities with India-based Flipkart Internet. The combined entity will be called Flipkart Internet and will house the company’s core businesses in India, including fashion marketplace Myntra and logistics arm Ekart.
This development comes after the Kalyan Krishnamurthy-led group relocated its legal entity from Singapore to India earlier this year, calling it a “natural evolution” that aligns its holding structure with its core operations. The company’s board of directors had approved the re-domiciling process in April this year. Read more.
Funding news
Moxie raises $15M led by Bessemer to double down on R&D and distribution
Direct-to-consumer haircare brand has raised $15 million in a funding round led by Bessemer Venture Partners, marking a fresh capital infusion after a $2.1 million round last year.
The round also saw participation from existing investors, including Fireside Ventures and a set of angel investors, along with new angels such as Navin Parwal, Sangeet Agarwal, and Arjun Purkayastha.
While the company does not plan to move away from the haircare category in the near term, it plans to deploy a majority of the fresh capital towards research and development. A portion of the funding will also be used to scale up the team and expand distribution, particularly across modern trade and quick commerce platforms.
The remaining capital is expected to be allocated towards working capital requirements, as rapid scaling necessitates holding higher inventory levels. Read more
Quintrans raises $750,000 pre-seed led by Capital-A
Capital-A led a $750,000 pre-seed round in Quintrans, an engineering startup building direct-drive linear motion systems for industrial automation, robotics, and equipment manufacturing.
The round also saw participation from Sumeet Kabra of RR Global, SanchiConnect, AIC-Pinnacle, and IIMA Ventures. It will use the funds to set up an in-house manufacturing and testing facility in Pune, advance R&D, and expand the engineering and operations team ahead of commercial rollout.
Founded in 2021 by MIT Pune graduates Pranay Luniya, Kartik Kulkarni, Aniruddha Atigre, and Prasanna Kadambi, Quintrans designs and manufactures electromagnetic and electromechanical linear motion components in India, focused on precision, speed and reduced mechanical wear.
Quintrans aims to scale production to around 500,000 actuators annually by 2030. It is part of the MaXcel hardware and industrial technology accelerator run by Capital-A and SanchiConnect.
Consumer appliances startup EDT raises $1.4M in pre-seed funding
EDT, a consumer appliances startup founded by Naiyya Saggi and Vyasateja Rao, has come out of stealth and announced its official launch alongside a $1.4 million pre-seed funding round led by Sauce VC, with participation from Consumer Collective, several startup founders, strategic operators and industry executives.
The startup has also received a Spark Grant from Peak XV. The capital will be used to develop new products, strengthen its R&D and design processes, and build teams in India and overseas.
EDT plans to introduce select home, kitchen and personal care appliances through pre-order and waitlist drops between January and February, starting in India, with expansion planned into markets such as the GCC and the US.
Other news
Gates Foundation appoints Archna Vyas as India Country Director
The Gates Foundation has appointed Archna Vyas as its Country Director for India, where she will lead the foundation’s work with central and state governments and other partners in alignment with India’s development priorities.
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Archna Vyas, Country Director for India, Gates Foundation
” style=”float: right; margin-left: 20px; width:50%; height:auto”> Archna Vyas, Country Director for India, Gates Foundation
The foundation has been active in India since 2003 across areas such as health, sanitation, agriculture, education, digital public infrastructure, and financial inclusion.
Vyas previously served as Global Director for Policy and Advocacy, overseeing initiatives across growth, opportunity and empowerment, and joined the foundation in 2014 after holding senior communications and marketing roles at Reckitt.
She holds a master’s degree in physics from the University of Delhi and a postgraduate diploma in business administration from IMT. Vyas succeeds Hari Menon, who has led the India office since 2019 and will move to a global role from January 2026.
(This article will be updated with the latest news throughout the day.)
Edited by Suman Singh
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