Invest Stream by Saka Ventures7 Nov 2025

US-India Tech News Update for November 7th, 2025

This is a fully AI generated summary and audio briefing of news int he US and India tech and startup industries.

Hello and welcome to the daily business briefing. Let's dive right in.

The Congressional Budget Office confirmed it was recently hacked, raising concerns about government cybersecurity. This serves as a reminder for all organizations to prioritize robust security measures.

In M&A news, the Competition Commission of India approved the merger of InsuranceDekho and RenewBuy with Artivatic. Also, UpGrad is reportedly set to acquire Unacademy at a valuation between $300-400 million.

Uber is doubling down on its investment in Everest Fleet with another $20 million, and Ola Electric's losses are shrinking as the company shifts its focus to profitability.

Robotics startup Miko secured $10.5 million led by iHeartMedia, and Agnikul Cosmos raised approximately $7.6 million. \n\nPine Labs’ IPO is underway, and Groww's IPO saw strong retail investor interest.

Swiggy’s board approved a $1.1 billion fundraise, and Smartworks shares slumped after Q2 results despite reduced losses.

Several companies are seeing strategic shifts. ArisInfra is focusing on sustainable polymers, while Mobavenue appointed a Microsoft AI advisor.

Karnataka approved a new startup policy with a $58.4 million allocation through 2030.

Finally, let's take a quick look at the crypto market: Bitcoin is currently at 102449.21 dollars and Ethereum is currently at 3421.50 dollars.

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