India’s startup and tech ecosystem witnessed significant funding activity and industry updates this week. AI solutions provider Uniphore raised USD 260 million in a Series F round led by NVIDIA, AMD, Snowflake, and Databricks, while healthy snacking company Wonderland Foods secured INR 140 crore in its maiden institutional funding round. On the corporate front, Tata Technologies announced a strategic shift toward local hiring in the United States, Meta laid off 600 employees from its AI division, and Netflix saw its stock decline by 6.5 percent following a profit miss. Here’s a quick look at today’s major funding and business developments.
Daily Indian Funding Roundup – 23rd October 2025
| Company | Amount | Round | Lead investor(s) | Sector |
|---|---|---|---|---|
| Uniphore | US$ 260 Mn | Series F | NVIDIA, AMD, Snowflake, Databricks | Enterprise AI / Automation |
| Wonderland Foods | INR 140 Cr | Maiden funding round | Asha Ventures, British International Investment (BII) | Healthy snacking / Food & beverage |
Uniphore raises US$ 260 Mn led by NVIDIA, AMD, Snowflake & Databricks
AI enterprise solutions firm Uniphore has raised US$ 260 million in a Series F round, led by top global technology players including NVIDIA, AMD, Snowflake, and Databricks. The investment values the company at around US$ 2.5 billion, making it one of the largest AI funding rounds of the year. The funds will be used to expand Uniphore’s Business AI Cloud platform, enhance conversational and emotional AI products, and strengthen its global footprint across North America, Europe, and Asia. With this round, Uniphore aims to accelerate innovation in speech analytics, generative AI for enterprise communication, and automation tools that improve customer experience across industries.
Wonderland Foods raises INR 140 Cr in maiden funding round led by Asha Ventures & BII
Healthy snacking brand Wonderland Foods has secured its first-ever institutional funding of INR 140 crore, led by Asha Ventures and British International Investment (BII). The Delhi-based company, known for its premium range of dry fruits, nuts, and seeds, plans to use the funds to scale manufacturing, boost supply chain infrastructure, and expand its offline and online presence. The investment marks a strong vote of confidence in India’s fast-growing health and nutrition sector, as consumers increasingly shift toward mindful snacking. Wonderland aims to further strengthen its sourcing network and build brand visibility across Tier-I and Tier-II cities, catering to the growing demand for clean-label, nutritious snacks.
Key Business News for 23rd October 2025
Tata Technologies shifts focus to US local hiring
Engineering-services firm Tata Technologies, which serves customers in North America, Europe, and other global markets, has announced that it will increasingly recruit US nationals rather than relying on H-1B visa holders. The move comes in response to tightened US immigration policies under Donald Trump’s administration, which include higher fees and greater scrutiny for H-1B applications. With over 12,000 employees worldwide and nearly 20% of its revenue coming from North America, Tata Technologies sees this shift as both a strategic compliance decision and a way to strengthen its local delivery capabilities in the US market. The company aims to create a more regionally rooted workforce that can better cater to its American clients in the automotive and manufacturing sectors.
Meta lays off 600 employees in AI division
Meta has announced layoffs of around 600 employees from its AI research arm, Meta Superintelligence Labs. The move follows a phase of extensive hiring and heavy investment in advanced AI projects. The restructuring aims to streamline operations and improve focus within the team. According to internal communication, the company’s goal is to “have fewer conversations and make each person more load-bearing,” reflecting CEO Mark Zuckerberg’s push for smaller, more efficient teams. The layoffs mark a broader shift across Big Tech firms, which are recalibrating their AI ambitions amid rising competition and mounting R&D costs.
Netflix stock drops by 6.5% after profit miss
Netflix shares fell by nearly 6.5% following its July–September quarterly earnings report, which missed profit expectations. While the streaming giant posted steady revenue growth and robust free cash flow, its profits were dented by an unexpected tax burden in Brazil. The dip has sparked investor concerns over Netflix’s international cost structure, even as its paid subscriber count continues to climb. Analysts note that the company’s long-term fundamentals remain strong, but near-term profitability pressures and currency fluctuations may continue to affect quarterly performance.
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