US-India Tech News Update for November 9th, 2025

This is a fully AI generated summary and audio briefing of news int he US and India tech and startup industries. Links are in the show notes below.

Let's dive into the latest business headlines. First, InCred Holdings has confidentially filed for an IPO with SEBI, aiming to raise between 4,000 and 5,500 crore rupees. The company, focused on consumer and SME lending, reported a 50% year-over-year revenue increase.

Moving on, Apple's dependence on China for manufacturing is creating vulnerabilities, and a report suggests India needs to emulate China's approach to industrialization to become a viable alternative. It's not just about attracting investment, but building a self-sustaining ecosystem.

Now, let's talk about climate tech funding. While investment is growing, a significant gap remains, especially for ventures beyond the pilot phase. The focus needs to shift towards long-term impact and localized financing, particularly in the Global South.

TechSparks 2025 highlighted key strategies for scaling in India. Rapido is expanding into Tier II and III cities, while Zetwerk’s competitive advantage lies in its deeply mapped supplier database. NVIDIA emphasized the importance of hardware in enabling modern AI.

IndiQube reported a significant financial turnaround, achieving a record 691 crore rupees in total income and a Q2 profit of 28 crore rupees. They’ve expanded to 16 cities with strong occupancy rates.

In other news, US-based Think Investments has acquired a stake in PhysicsWallah worth 136 crore rupees ahead of its IPO, signaling continued investor confidence.

We’re also seeing some shifts in the market. Investors are reassessing valuations of AI companies, demanding more concrete evidence of profitability. This could lead to a more rational investment landscape.

And in entertainment, the new Apple TV+ show “Pluribus” includes a disclaimer stating it was “made by humans,” as a response to the rise of AI-generated content.

OpenAI has lobbied the Trump administration to expand CHIPS Act tax credits to include data centers, highlighting the escalating infrastructure demands of large language models.

There's a growing belief that India is uniquely positioned to become a hub for the next generation of global consumer brands, leveraging e-commerce and affordable shipping.

NVIDIA’s Vishal Dhupar argues that the recent AI boom is due to a convergence of software with the necessary hardware. He also emphasizes the need for national-scale compute infrastructure in India.

Finally, let’s get you the crypto update. Bitcoin is currently at $103393.90 and Ethereum is currently at $3554.87.