Daybreak

Cred just reported its first profitable quarter. Meta invested 8,500 crore rupees. And Kunal Shah walked out the door. Eight years of questions about Cred's business model ended the moment it finally had answers. The design-first, exclusivity-obsessed fintech that rewarded creditworthy Indians with gold credit cards now makes most of its money from lending — the same way every other UPI app does....

Netflix built its empire on one idea: watch what you want, when you want, all at once. Now it's losing viewers to YouTube, struggling to bring audiences back for season two, and internally discussing always-on live channels and ad bundles you can't skip. Which is to say: it's considering becoming cable TV. The irony is that while Netflix is scrambling for answers in the US, India may already have...

In October last year, a ship owned by Adani Ports slowed to less than one knot near Malta. It held that position for over seven days, directly above the cables linking Malta to Sicily. It was no accident.  India's largest private port operator has quietly built a fleet of more than a hundred vessels across 12 countries. Their job is servicing the world's offshore energy infrastructure. The busines...

In April, India made AI education mandatory across 28,000 CBSE schools, giving them 90 days to comply. Most had already finalised their academic calendars for the year. Some schools were ready. Others scrambled. A few found that the harder problem wasn't the teachers — it was the students. At one Hyderabad school already using an AI learning tool, kids were  From 2029, AI becomes a compulsory boar...

Naresh drives for Rapido. When his phone died, so did his income — for seven days, until he could borrow enough to replace it. Until 2024, India's biggest consumer lenders had turned that exact vulnerability into a recovery tool. Miss an EMI, lose your phone. It worked so well that smartphone lending grew from 1% to nearly 40% of consumer borrowing in three years.  Then the RBI banned it.  Lending...

Last week, the government ordered Apple and Google to pull at least three battery management system or BMS apps that were being used to switch off e-rickshaws mid-road. If you've been on Instagram, you've seen the videos. A prankster opens the app, taps a switch, and a passing e-rickshaw just dies. It works because the cheap lithium batteries these vehicles run on often ship from China with their...

WhatsApp just announced usernames for Indian users. Two days later, the Indian government told it to stop. The privacy case for usernames is real — phone numbers are permanent, linked to everything, and once shared, impossible to take back.  But India already has 43,000 WhatsApp-related cybercrimes in a single quarter. And when TechCrunch tested the feature, handles like "rbi_verify," "indiamodi,"...

Your AC is running longer this year and the machines responsible may have been designed for a different climate entirely. Optimist, a two-year-old Gurugram startup, has built what it says is India's most energy-efficient residential AC. It is recalibrated for Indian humidity, sourced almost entirely from local suppliers, and engineered with components the industry has long considered too expensive...

In May, L'Oréal ended a 16-year agency relationship. The reason? Simply that a competitor was better prepared with better data and AI capabilities. This incident illustrates the shift that's happening in advertising right now. The agencies that bet on technology early are pulling ahead. The ones that are built on relationships are finding out how quickly those erode. Sitting unnoticed at the top o...

When a bill arrives, what do you pay it with? That's the question running underneath this week's Daybreak roundup. The government of India is answering it with slices of LIC and other PSUs, because the American war in Iran has kept oil expensive and the budget is straining. OYO's parent is answering it with money from public investors, most of which will go straight to its lenders. Google spent ei...

Some of India's biggest consumer platforms, Swiggy, Zomato's parent Eternal, Zepto, Urban Company, and Meesho's logistics arm Valmo, have asked the Karnataka High Court to strike down the state's gig worker welfare law entirely. Their central argument is about money, a welfare fee they say duplicates a national contribution already required under the Code on Social Security. But the petition goes...

Before every August, Indians who've been nursing a cracked screen or a lagging phone make the same calculation: wait for the festive season. The discounts will come. After all, they always do. This year, they might not. AI data centres are consuming more than 70% of high-end memory chip production. The same chips that go into your phone. Apple has already raised Mac and iPad prices. Budget Android...

Lightrock arrived in India with nearly a billion dollars and royal backing — the Liechtenstein dynasty's centuries-old fortune funding bets on around 40 growth-stage startups. The firm moved fast, doubled down on existing investments more aggressively than most peers, and scaled hard during the zero-interest-rate boom. Then the cycle turned. Its portfolio — Waycool, Pharmeasy, Dunzo — ran into tro...

K12 Techno Services has a very specific type of school it likes to find. They're old, debt-ridden, maybe run by an ageing owner with no succession plan. It moves in, rebrands it Orchids, adds a basketball court, and locks the deal in for 50 years. Ownership never changes hands. The management, though, does. The model is built for patience. It takes 12 years for a school to turn a profit. But K12's...

Take the Daybreak listener survey here . Meet Ranjan. He works at Deloitte by day and spends his evenings strapping a camera to his forehead, recording himself doing household chores by evening. He's a physical AI trainer, a part of a growing gig economy built around creating training data to teach humanoid robots human behaviour. Reporter Sakshi Sadashiv joins host Rachel Varghese to break down h...

This week, Instagram expanded its TV app to Samsung Smart TVs, joining Amazon Fire and Google TV, and announced it is testing episodic series and live creator experiences for the big screen.  The announcement is the latest move in an eight-year pattern — a platform that keeps giving creators more time, more formats, and now a larger screen. Instagram tried long-form video once before. It called it...

On June 11th, TCS announced an exclusive partnership with Anthropic — 50,000 employees trained on Claude, early access to new models, a dedicated business unit. The next day, a US export control order cut off access to Anthropic's most advanced models for users worldwide, including the very partner that had just signed up for early access. India's IT sector has spent years building its AI pivot on...

India's telcos looked like the obvious gateway for AI companies chasing scale. With nearly 900 million subscribers between them, Jio and Airtel could put an AI product in front of more users faster than almost any other distribution channel in the world. So Google paid Jio and Perplexity paid Airtel. Both spent tens of thousands of rupees per user to make it work. One partnership is still standing...

In 2022, Mamaearth's founder made two unusual logistics bets: one on a shipping aggregator and one on a small Delhi drone startup nobody had heard of. Now, four years later, those bets have converged into one of India's fastest-growing logistics categories. Drones are now flying blood samples to hospital labs in 10 minutes instead of four hours. They're cutting delivery costs for D2C brands trying...

2026 was the first IPL season after India banned online real money gaming last year. The platforms were gone and the payment gateways were blocked. The government had made its position clear.  The betting, however, did not stop.  The Ken's Mrunmayee Kulkarni went looking for where it went and found it hiding inside something the government itself built. On platforms like 99 Exchange, gamblers depo...

India's southwest monsoon is running 35% below normal. Mumbai's reservoirs are at 12% of capacity. And the rain that should have arrived by June 11th still hasn't. The same water and power systems that keep this economy running are now being asked to power India's AI future too — a $180 billion data centre bet that nobody is stress-testing against a failing monsoon and climate change. The groundwa...

Zepto just filed its DRHP. It wants to open 1,900 new dark stores, on top of the 1,139 it already runs. Blinkit, the only profitable player in the sector, is racing to 3,000 stores by March 2027. Meanwhile, its adjusted EBITDA is just Rs. 37 crores — not a lot considering the billions that have been spent on getting it to profitability. The dark store is quick commerce's core bet — and its biggest...

India is spending over 10,000 crore rupees building what it calls sovereign AI. The servers are going up in Mumba and the ministers are saying the word at every summit. There is just one problem: nobody has defined what sovereign actually means.  And the chips powering all of it are American, subject to American law. A US subpoena can reach a data centre in Mumbai as easily as one in Seattle. In t...

Amazon Now launched in September 2025. It was already two years behind Flipkart, and well behind Blinkit and Zepto.  Nine months later, it's doing 450,000 to 500,000 orders a day, expanding to 100 cities, and a Blinkit executive is walking through Colaba market, stopping in front of an Amazon dark store in a location Blinkit's expansion head could only dream of. Amazon has something its rivals don...

Adani started buying apples in Himachal Pradesh two decades ago. Not because it wanted to be in the fruit business — but because it wanted to own the cold chain that nobody else was building. Now the India-New Zealand free trade agreement is about to test Indian apple growers like never before. New Zealand yields 50 to 70 tonnes per hectare. Himachal Pradesh averages 7 to 8. Adani just expanded in...