Freshworks, a software-as-a-service company, plans to reduce its workforce by 11% as artificial intelligence reshapes operations, even as it posted a 16% year-on-year revenue growth in the first quarter of 2026.

In other news, Even Healthcare has secured approval from the Insurance Regulatory and Development Authority of India (IRDAI) to roll out retail health insurance products, marking its foray into the country's rapidly expanding individual insurance market and a shift beyond its group-focused offerings.

YourStory brings you today's headlines with the latest developments across sectors.

Featured news

How Proshort is turning AI into a real-time sales coach

When Gaurav Mishra built his first company, Guruji, in 2006, India was still in its pre-mobile internet era with only about 30 million internet users. Despite this, the company managed to raise $10 million and was later acquired by Flipkart. Many would say that the search engine company was ahead of its time.

After Guruji's acquisition, Mishra spent many years in senior roles at consumer tech companies, building large-scale platforms spanning search, knowledge graphs, and machine learning systems. But he found himself drawn back to entrepreneurship.

In 2022, Mishra returned to the startup world with Proshort, tapping into the rise of generative AI to address a persistent gap in how sales teams operate.

Menopause, misinformation, women's health-how Lisa Ray is rewriting the narrative

Actor Lisa Ray has co-founded NuHer, a midlife health clinic that provides expert, integrated care for women navigating perimenopause and menopause. She highlights the need for informed, empathetic support systems that help women understand and take charge of their midlife health.

At 37 years, when actor Lisa Ray was diagnosed with multiple myeloma, she chose to be public at a time when most celebrities were not.

"I announced my diagnosis on the red carpet, which was cathartic for me, and gave me a sense of purpose during a tumultuous time in my life," she tells HerStory.

We expect non-Yulu business to grow to 25% by year-end: Yuma Energy MD Muthu Subramanian

Battery swapping solutions have found a niche customer segment among delivery partners, who operate under tight timelines in India's fast-growing ecommerce and quick commerce sectors. As more drivers shift to EVs in India, it is creating a unique opportunity for companies like Yuma Energy that offer quick swapping solutions for electric vehicles.

Founded in 2023 as a joint venture between automotive supplier Magna International and electric two-wheeler platform Yulu Energy, Yuma Energy now caters to over 45,000 customers every day through 350 charging stations across the country.

Broking platform Sahi raises $33M in Series B led by Accel

Funding news

BigEndian Semiconductors bags $6M led by IAN Alpha Fund

BigEndian Semiconductors, a Bengaluru-based fabless startup that designs system-on-chips, has raised $6 million in pre-Series A funding. The round was led by IAN Alpha Fund, with participation from Vertex Ventures SEA & India, IvyCap Ventures and angel investors.

BigEndian said the funds will be used to commercialise its first SoC, expand product engineering and deepen partnerships with foundries, IP ecosystems and OEMs.

The semiconductor startup noted that it has already completed tape-out of its first commercial chip, with tape-out meaning the final hand-off of a chip design to manufacturing.

MedVital Ventures raises Rs 18 Cr led by Alkemi Growth Capital

MedVital has raised Rs 18 crore in a growth funding round led by Alkemi Growth Capital, with participation from Dr. Sanjay Arora, Shubhan Ventures, and existing investors.

This follows the company's previous round led by 4point0 Health Ventures and entrepreneur investors.

The funding will support expansion, accelerate product development, and build proprietary capabilities across devices, biomaterials, and biologics, while strengthening supply chain efficiency and unit economics.

JobsUPI secures $250K pre-seed round

JobsUPI has announced the successful closure of its pre-seed round of $250,000.

The round includes support from IIMA Ventures, along with prominent angel investors such as Alok Bansal (Co-founder, PolicyBazaar), Anshoo Sharma (Founder, Magicpin), Amit Jain (Chief People Officer, Taggd), and Manoj Sinsinwar (Co-founder, Hecttor.ai), among others.

JobsUPI is building a fast hiring platform for blue-collar and skilled workers. They plan to use the new funding to strengthen product capabilities, scale distribution, and expand into new geographies.

Vobiz.ai raises $1 M led by Piper Serica VC Fund

Vobiz.ai, an AI-first telephony infrastructure platform focused on Voice AI products, has raised $1 million in Seed funding led by Piper Serica VC Fund.

Founded by former Finin and Plivo executives Suman Gandham and Vikash Srivastava, the company plans to use the capital to strengthen engineering and go-to-market capabilities while targeting $5 million in ARR.

Vobiz.ai aims to solve infrastructure challenges limiting enterprise Voice AI adoption, including latency, scalability, and fragmented developer experiences. Its AI-native communication platform offers instant DID provisioning, SIP trunking, real-time call streaming, noise cancellation, and telecom compliance tools tailored for India. The platform is designed to help enterprises deploy large-scale AI voice agents more efficiently in real-world environments.

AI Library raises $560,000 in pre-seed funding

AI Library, an AI-native software delivery company, has raised $560,000 in a pre-Seed funding round at a valuation cap of $7.5 million. The round saw participation from 12 investors and will support product development, R&D, and market expansion.

The company focuses on helping enterprises move from AI experimentation to measurable business outcomes through agent-driven software delivery systems. AI Library also introduced AI Library MCP, a unified infrastructure layer that simplifies how AI agents access tools, workflows, and enterprise data.

The platform eliminates fragmented integrations and reduces redundant AI operations, enabling more reliable execution. With more than 13 million agent actions already in production, the company aims to accelerate enterprise adoption of scalable AI-powered software delivery systems.

Other news

Digit Insurance settles over one million claims in FY26

Digit Insurance announced that it settled more than one million claims across business lines during FY2025-26, according to its 14th Transparency Report. The company highlighted its performance against regulatory turnaround benchmarks, revealing that 82.9% of health insurance cashless approvals were processed within 30 minutes, faster than the mandated one-hour limit.

Digit also said most post-policy service requests, including corrections and updates, were resolved instantly or within two hours, well ahead of the prescribed seven-day timeline. The latest report expanded disclosures to include everyday service turnaround times across retail health, motor, and non-motor insurance categories. The insurer said the report reflects its focus on improving customer experience through faster digital claims processing and operational efficiency across insurance services.

MOAR Advisory and HEX Advisory partner on GCC consulting

MOAR Advisory and HEX Advisory Group have announced a strategic collaboration to offer integrated advisory services across the Global Capability Centre (GCC) lifecycle in India. The partnership aims to provide enterprises with independent support covering strategy, setup, governance, optimisation, and long-term value creation. The firms said global enterprises increasingly seek objective advisors capable of guiding GCC operations beyond traditional cost arbitrage models. The collaboration will focus on enterprise-first counsel, value-driven operating frameworks, AI-enabled transformation, and regional market intelligence.

Bengaluru-headquartered MOAR contributes on-ground execution expertise and market access, while HEX brings C-suite advisory experience across outsourcing, IT-BPS assessments, vendor governance, and business modelling. Together, the companies aim to provide seamless advisory support spanning planning, execution, governance, and monetisation or divestment of GCC operations.

Zoho report flags AI security gaps among Indian firms

Zoho Corp. has released its State of Workforce Password Security Report 2026, revealing that 93% of Indian businesses believe AI will strengthen cybersecurity, despite many lacking essential safeguards. Conducted by Tigon Advisory Corp. for Zoho Vault, the study found that one in three organisations had not implemented a Zero Trust security framework.

The report also showed that 34% of companies had only partial visibility into critical business identities and access controls. While 98% of organisations are likely to adopt AI-driven security tools, many continue to face gaps in credential management and governance.

Real-time threat detection emerged as the top AI security priority for respondents. Zoho said the findings highlight growing enterprise enthusiasm for AI alongside concerns over visibility, compliance, and identity management risks.

KPMG India and CleverTap form customer engagement alliance

KPMG in India and CleverTap have announced a strategic alliance to strengthen enterprise customer engagement and retention initiatives. The partnership combines KPMG's Connected Enterprise consulting capabilities with CleverTap's AI-driven customer engagement platform.

The alliance will initially focus on BFSI, retail, and consumer market organisations seeking more personalised and lifecycle-based engagement strategies. Through the collaboration, enterprises will gain access to analytics, orchestration tools, governance frameworks, and compliance-focused customer engagement capabilities.

The companies said the partnership aims to help organisations reduce churn, improve customer retention, and drive sustainable revenue growth. KPMG in India will contribute expertise in operating model design, governance, and risk management, while CleverTap will provide real-time analytics and AI-powered engagement technologies to support digital transformation and customer experience enhancement initiatives.

Stratbeans reports 14% revenue growth in FY26

AI-driven learning solutions provider Stratbeans reported 14% revenue growth in FY2025-26, supported by rising enterprise demand for intelligent learning ecosystems. The company added 52 enterprise clients across sectors and is expanding its presence in the US, UK, Southeast Asia, and Middle East markets. Stratbeans said AI capabilities are increasingly influencing workforce readiness, assessment intelligence, and scalable learning personalisation discussions among enterprises.

Its flagship Bytecasting LMS platform has evolved into an integrated learning ecosystem combining LMS, LXP, AI-powered assessments, and workflow-based learning features. The company also reported early success in its AI-as-a-service initiatives, which contributed to revenue growth. Stratbeans said the market is shifting toward smarter learning systems that connect employee development with measurable business outcomes and enterprise capability building.

Netradyne acquires Moove Connected Mobility in Europe

AI-powered fleet safety solutions provider Netradyne has acquired European fleet intelligence company Moove Connected Mobility as part of its expansion strategy in Europe. The acquisition strengthens Netradyne's presence across major European markets by combining its AI-driven fleet safety platform with Moove's regional customer relationships and operational expertise.

Following the acquisition, Moove will operate as part of Netradyne Europe and serve as a regional hub for sales, partnerships, customer engagement, and market development. The company said the deal establishes a stronger foundation for serving enterprise customers across Europe while maintaining closer engagement with regulators and ecosystem partners.

Netradyne added that the acquisition aligns with its long-term strategy to expand globally and accelerate adoption of AI-powered fleet safety and connected mobility solutions.