Microsoft has launched its first homegrown AI image generator, MAI-Image-1, marking a major step in reducing its reliance on OpenAI. The new model is already making waves, debuting among the top 10 models on LMArena, a global AI benchmark platform where users compare image outputs and vote for the best ones.
A Focus on Realism, Not Style
Unlike many AI image tools that focus on artistic or cartoon-style visuals, MAI-Image-1 aims for photorealism. Microsoft says it worked closely with professional artists and photographers to ensure the model avoids “repetitive and generically stylized outputs.”
The model specializes in natural lighting, reflections, and landscapes, offering fast and lifelike image generation. Microsoft claims it delivers results faster than “larger, slower models” in the market. The company didn’t name specific rivals, but the image generation field is currently led by OpenAI and Google.
Integration with Copilot and Bing Image Creator Coming Soon
Right now, MAI-Image-1 is available for testing on LMArena. Microsoft plans to integrate it soon into Copilot and Bing Image Creator, making the tool accessible to millions of users across its ecosystem.
The company stated that MAI-Image-1 is part of its effort to add real value for creators and ensure outputs look natural and professional. It also mentioned that its data selection and evaluation process focused on real-world creative tasks, guided by feedback from design professionals.
Part of Microsoft’s Independent AI Push
MAI-Image-1 joins MAI-Voice-1 (a voice generator) and MAI-1-preview (a chatbot) as part of Microsoft’s growing suite of in-house AI models. Mustafa Suleyman, Microsoft’s AI division chief, called this expansion part of an “enormous five-year roadmap.”
This move also reflects a shift in Microsoft’s broader strategy. The company is building its own AI infrastructure and diversifying beyond OpenAI, even bringing Anthropic’s Claude models into some Microsoft 365 Copilot features.
Tension Grows Between Microsoft and OpenAI
The $13 billion partnership between Microsoft and OpenAI appears to be under strain. The two firms are reportedly negotiating over equity stakes, revenue splits, and an ‘AGI clause’ that could limit Microsoft’s access once OpenAI achieves artificial general intelligence.
Meanwhile, OpenAI is pursuing independence, working with Oracle, Google Cloud, and Broadcom to build its own chips and infrastructure. Microsoft, on the other hand, is doubling down on internal AI projects like MAI-Image-1 to ensure self-reliance and flexibility.
In short, MAI-Image-1 is more than just an image generator, it’s a signal of Microsoft’s next chapter in AI innovation, one focused on realism, creativity, and independence.
India’s startup and corporate ecosystem continues to witness dynamic growth with significant funding rounds and key business developments on 14th October 2025. From real estate and edtech to agritech and pet food, startups are raising capital to scale operations, enhance technology, and expand market reach. In parallel, major corporate news highlights include Infosys initiating its annual performance review cycle and NASA’s Jet Propulsion Laboratory announcing workforce restructuring. This roundup captures the latest investments, strategic initiatives, and emerging trends shaping India’s innovation landscape.
Daily Indian Funding Roundup – 14th October 2025
Company
Amount Raised
Round
Lead Investor(s)
Sector
HouseEazy
INR 150 Cr
Series B
Accel, Chiratae Ventures, Antler
Real Estate / PropTech
SpeakX
$16 Mn
Series B
WestBridge Capital, Elevation Capital
EdTech / AI-based Learning
Two Brothers Organic Farms
INR 110 Cr
Series B
360 One Asset, Rainmatter Investments
Agritech / Organic Foods
Airbound
$8.65 Mn
Seed
Lachy Groom, Humba Ventures, Lightspeed
Drone Logistics / MedTech
Orange Sugar
INR 4 Cr
Pre-seed
Consumer Collective by Atrium, Ramakant Sharma
Kidswear / D2C Apparel
Airoclip
$2.75 Mn
Seed
T-Accelerate Capital, BITKRAFT Ventures
Gaming / AI-driven Personalization
Currently
$1 Mn
Seed
Aarvi Family Office
Social Networking / App
Reia Diamonds
INR 2 Cr
Pre-seed
Dinesh Talera and Venture Catalysts
Jewelry / Lab-grown Diamonds
Artha India Ventures II
INR 250 Cr
Fundraise
Not disclosed
Micro VC / Early-stage Fund
Fablestreet (parent company)
INR 50 Cr
Growth
Colossa Ventures and Rahul Garg
Fashion Tech / Offline Expansion
Cimcon Software
INR 52 Cr
Funding Round
Niveshaay
Software / Smart City Solutions
Muttley Crew
$425,000
Seed
Not disclosed
Pet Food / Health-focused D2C
HouseEazy launches Series B funding to expand real estate tech platform
HouseEazy, a full-stack property platform, raised INR 150 crore in a Series B round led by Accel. The startup will use the funds to scale its AI-powered home resale and rental platform, improve property listing accuracy, expand into new cities, and enhance customer support. The investment will accelerate its technology adoption, helping homeowners and buyers complete transactions faster with better transparency and efficiency.
SpeakX secures $16 Mn to grow AI-based English learning platform
Edtech startup SpeakX has raised $16 million in Series B funding led by WestBridge Capital. The startup will expand its AI-based language learning app, introducing voice-driven lessons, gamified learning, and adaptive exercises. Funds will help recruit talent, enhance platform features, and broaden access to students across India, making English learning more personalized, engaging, and effective for learners of all levels in schools and at home.
Two Brothers Organic Farms raises INR 110 Cr to expand organic food offerings
Two Brothers Organic Farms raised INR 110 crore in a Series B round. The funds will scale farm-to-consumer operations, increase organic product variety including ghee, rice, and spices, and strengthen supply chain logistics. The startup will also invest in technology for farm management and quality assurance. The round supports the mission of providing healthy, chemical-free food products directly from farmers to households across India.
Airbound raises $8.65 Mn to advance autonomous delivery drones
Drone startup Airbound raised $8.65 million in a seed round to develop autonomous delivery aircraft. The funds will expand its fleet, improve drone technology, and enhance delivery efficiency for healthcare, e-commerce, and logistics sectors. Airbound plans to scale operations, integrate advanced AI for navigation, and reduce delivery costs, aiming to make rapid, reliable, and safe drone deliveries an accessible solution for businesses and consumers nationwide.
Orange Sugar raises pre-seed funding to grow kidswear brand
Kidswear brand Orange Sugar secured INR 4 crore in pre-seed funding. The investment will help scale production, launch new clothing collections, and enhance brand marketing. The startup focuses on comfortable, safe, and stylish apparel for children up to 10 years old. Funds will also be used to strengthen online and offline sales channels, improve customer experience, and establish Orange Sugar as a leading premium kidswear brand in the Indian market.
Airoclip secures $2.75 Mn in seed round to scale AI-powered gaming
Airoclip raised $2.75 million in a seed round led by T-Accelerate Capital. The funding will help develop AI-driven personalized gaming experiences, expand game offerings, and grow the user base globally. The startup plans to enhance content generation, improve in-game engagement, and integrate adaptive gaming features to provide a more immersive experience. Funds will also be used to hire talent, improve analytics, and scale marketing efforts worldwide.
Currently app raises $1 Mn seed funding to expand social network platform
Social app Currently raised $1 million in seed funding led by Aarvi Family Office. The funds will enhance app features, expand the user base, and improve social engagement tools. The platform aims to connect users with relevant content, allow sharing of updates, and foster online communities. Investment will be used to strengthen development, optimize platform performance, and launch marketing initiatives to grow adoption across India and international markets.
Reia Diamonds raises pre-seed funding to grow lab-grown jewelry brand
Reia Diamonds, a lab-grown diamond jewelry brand, raised pre-seed funding to expand its sustainable luxury offerings. Funds will scale production, launch new collections, and strengthen D2C sales. The brand emphasizes ethical sourcing, eco-friendly processes, and affordable pricing while maintaining high-quality design. Investment will also support marketing initiatives and increase visibility, aiming to make lab-grown diamonds a preferred choice for conscious consumers looking for elegant, responsible jewelry.
Artha India Ventures II raises INR 250 Cr for micro VC investments
Artha India Ventures II raised INR 250 crore for its second micro VC fund. The fund will invest in early-stage startups across technology, consumer, and SaaS sectors. The investment will help founders access mentorship, growth support, and funding. The fund targets promising ideas in India’s expanding startup ecosystem, helping build scalable businesses, accelerate innovation, and strengthen entrepreneurship. Artha aims to be a key partner in creating India’s next generation of successful startups.
Fablestreet parent raises INR 50 Cr for offline expansion
Fablestreet’s parent company raised INR 50 crore to expand offline retail presence. The funds will be used to open new stores, enhance in-store experiences, and increase product availability. The startup focuses on stylish, comfortable clothing for urban customers. Expansion plans include tier-1 and tier-2 cities, marketing campaigns, and strengthening the supply chain. The investment aims to improve accessibility and brand visibility while supporting customer engagement and growth in offline channels.
Cimcon Software raises INR 52 Cr to grow smart city solutions
Cimcon Software raised INR 52 crore in a funding round led by Niveshaay. The capital will scale its smart city solutions, enhance urban infrastructure services, and deploy technology for traffic management, waste management, and public safety. Funds will be used to develop software, hire talent, and expand operations. The startup aims to make cities more efficient, sustainable, and safe, supporting urban governance and improving citizen experiences through technology-enabled solutions.
Muttley Crew secures $425,000 seed funding to expand pet food brand across India
Health-focused pet food brand Muttley Crew has raised $425,000 in a seed funding round to grow its footprint across India. The funds will be used to scale production, introduce new nutritious product lines for dogs and cats, strengthen distribution networks, and enhance marketing initiatives. The startup aims to provide high-quality, natural, and health-oriented pet food options for pet owners nationwide, focusing on wellness, safety, and taste.
Infosys has commenced its annual performance appraisal process, requesting employees to submit self-assessments by October 17, 2025. This review cycle, spanning from October to September, is crucial for determining potential salary increases for 2026. Employees are hopeful for more substantial raises following previous years of modest or delayed adjustments. The final ratings are expected by January, with salary revisions anticipated around June next year.
NASA’s Jet Propulsion Laboratory to Lay Off Approximately 550 Employees in Restructuring Effort
NASA’s Jet Propulsion Laboratory (JPL) announced plans to lay off about 550 employees, representing approximately 10% of its workforce. This restructuring, initiated in July 2025, aims to streamline operations and focus on core technical capabilities. The layoffs will affect staff across technical, business, and support departments. Director Dave Gallagher emphasized that these changes are essential for maintaining JPL’s long-term sustainability and competitiveness in the evolving space ecosystem.
Ather Energy’s stock has quietly turned into one of India’s most surprising market stories, jumping over 66% since its debut in May 2025. Its rival, Ola Electric Mobility, has taken a different road altogether, losing nearly a quarter of its value since going public last year.
Both companies are now locked in a fierce battle to own India’s fast-growing electric two-wheeler market, but their sharply contrasting stock charts tell a deeper story. Moreover, investors and EV enthusiasts alike are asking the same question: which brand has the horsepower to lead India’s EV industry, and which one deserves a spot in your portfolio?
In this article, we will find the answer to that question, comparing Ather and Ola Electric across their technology, market share, growth strategy, and financial performance to understand who’s really powering ahead in 2025.
How Ather Energy Built Its Path to Consistent Growth?
Unlike Ola, Ather scaled gradually, focusing on South India initially and expanding thoughtfully. Its strong demand for the 450 series and mass-market Ather Rizta helped maintain consistent sales growth. This methodical approach has also translated into stronger investor trust, with Ather’s stock more than doubling since its May 2025 IPO.
Ownership Structure: Key Promoters and Their Stakes
At the end of June, Ather’s promoters owned 42.09% of the company, with co-founders Mehta and Jain holding 11.19%, and Hero MotoCorp Ltd. owning 30.9%. This strong backing provides both financial stability and strategic support for future growth.
How Ather Surpassed Ola in the EV Market Rankings?
The latest quarterly sales numbers highlight the shift in market leadership:
July–September 2025: Ather sold 52,597 scooters, surpassing Ola’s quarterly total amid a 47% year-on-year drop in Ola’s sales.
September 2025 Rankings:TVS Motor topped the list with 69,195 units, Ather claimed second place, Bajaj followed with 51,120 units, and Ola slipped to fourth with 13,371 units sold, a stark fall from its earlier dominance.
This change in pecking order signals a turning tide in India’s EV market, reflecting both execution and market perception.
From Underdog to Dominator: Ather’s Rise in India’s Electric Two-Wheeler Market
Ather Energy, founded in 2013 by Tarun Mehta and Swapnil Jain, spent its early years quietly building a reputation for engineering excellence. It began delivering scooters in 2018, three years before Bhavish Aggarwal’s Ola Electric entered the market.
Ola, launched in 2017, made a splashy entry with its “Futurefactory” in Krishnagiri, Tamil Nadu, and began delivering its first scooters in December 2021. Backed by global investors like SoftBank, Ola’s scale and aggressive marketing quickly helped it capture over 50% of India’s EV two-wheeler market at its peak.
While Ola prioritized volume and nationwide reach, Ather focused on gradual expansion, customer satisfaction, and engineering innovation, creating a loyal and steadily growing user base.
Diverging Fortunes: Stocks and Sales Tell the Story
Shares of Ather Energy extended a six-day bull run, closing 1.6% higher at INR 639, while Ola Electric fell 2.57% to INR 51.27, reflecting growing investor caution. Ather’s stock signals confidence in sustainable growth and operational discipline, whereas Ola’s volatility highlights concerns over profitability, service, and execution.
This market sentiment mirrors their operational performance:
Ola Electric: Sold 3.44 lakh scooters in FY2025, but sales plunged this year despite expanding stores from 800 to 4,000 and launching a new electric motorbike. Persistent service issues and integration of in-house battery cells have yet to offset negative sentiment.
Ather Energy: Sold 1.3 lakh units, with consistent growth driven by the 450 series and Ather Rizta, reflecting steady execution and strong customer demand.
The combination of rising stock confidence and growing sales momentum positions Ather ahead, while Ola faces challenges in regaining investor trust and market leadership.
The Psychology Behind the Price: Understanding Market Sentiment
The market has taken note of this turnaround. Since its IPO in May 2025, Ather Energy’s shares have more than doubled, closing at INR 542.55 on September 12, up from a listing price of INR 326.05.
Ola Electric, on the other hand, has seen its stock slip over 31% below its August 2024 listing price, mirroring the dip in investor confidence as operational challenges mount.
Stock Price Trends: Short-Term and Long-Term Perspective
Investor sentiment has mirrored operational performance:
Ather Energy
The stock surged over 94% in just three months, a remarkable gain reflecting strong market confidence.
Listed on BSE and NSE on April 23, 2025, with a 52-week high of INR 678.50 (October 8, 2025) and a 52-week low of INR 287.30 (May 7, 2025).
Current valuation has nearly doubled from its IPO price band, indicating robust investor faith in Ather’s strategy.
Ola Electric
Shares rose over 25% in three months, but still trade below the IPO price band of INR 76.
IPO launched in August 2024, with a year-to-date valuation decline of over 40%, highlighting persistent investor caution.
High short-term volatility reflects market concerns over operational execution, margins, and customer satisfaction.
The Financial Face-Off: Ather Surges as Ola Struggles
The Financial Face-Off: Ather Surges as Ola Struggles
Ather’s focus on efficiency and product engineering is beginning to pay off. In FY2025, the company’s revenue from operations rose 29% to INR 2,255 crore, while its losses narrowed to INR 812 crore, compared to INR 1,060 crore the previous year.
Ola Electric, in contrast, saw its revenue fall 10% to INR 4,514 crore, and its losses widened to INR 2,276 crore from INR 1,584 crore in FY2024. Ather’s promoters currently hold 42.09% of the company, with co-founders Mehta and Jain owning 11.19% and Hero MotoCorp holding 30.9%.
Investor Confidence: Ather’s Market Cap Tops Ola
Investors have rewarded Ather’s steady approach. On a recent trading day, Ather’s shares surged 4.78%, lifting its market capitalization to INR 23,601 crore, while Ola Electric fell 2.54% to INR 23,200 crore. This marks the first time Ather’s market value has surpassed its larger rival, highlighting growing investor confidence in the Bengaluru-based startup.
Technology and Product Updates Driving Growth
Ather:
Launched the next-generation EL scooter platform, enhancing manufacturing efficiency and reducing component costs.
Plans to expand dealership presence to 700 outlets by FY26 and introduce lower-priced models for mass adoption.
Ola:
Introduced a rare-earth-free ferrite motor, reducing dependency on imported materials.
Focused on operational restructuring and workforce optimization to improve efficiency.
Despite technological advances, Ola continues to face challenges with profitability and cost management, whereas Ather’s innovations are supporting steady growth and investor confidence.
Ola Electric: Ambitious Scale Meets Operational Challenges
Ola Electric has demonstrated impressive ambition but faces a more turbulent path:
Recovery in Stock Price: Recent upticks are attributed to favorable policy tailwinds and improved production scale.
Technology Innovation: Introduction of rare-earth-free ferrite motors to reduce dependence on costly imported materials and improve long-term sustainability.
Operational Restructuring: Workforce optimization and efficiency measures are underway, signaling a focus on reducing operating costs.
Key Concerns:
Ola continues to grapple with consistent losses, high input costs, and weak margins.
Profitability remains uncertain despite technological upgrades, meaning investor confidence is highly sensitive to execution and future product launches.
Analyst Insight:
“While operational improvements are positive, near-term valuation and execution risks remain key. Upcoming launches and cost structure improvements will be critical to regaining investor trust,” — Kalp Jain, INVasset PMS.
The Ather Advantage: Engineering as a Superpower
For Ather CEO Tarun Mehta, the company’s strength lies in engineering discipline, not just scale.
“Volume has played a minimal role in unit economics over the years,” Mehta explains. “There’s a ton of value engineering, process optimization, and technology improvement, that’s our superpower.”
That engineering-first philosophy seems to be resonating with both customers and investors, a stark contrast to Ola’s volume-driven approach that now faces pressure from declining sales and mounting expectations.
Conclusion
Both Ather Energy and Ola Electric are set on ambitious paths in India’s rapidly growing EV market, but their strategies differ markedly. Ather Energy has taken a steady and disciplined approach, emphasizing engineering excellence, operational efficiency, and sustainable growth. Ola Electric, on the other hand, has pursued aggressive expansion and scale, though this approach has exposed the company to profitability pressures and execution risks.
Which is better: Ather Energy or Ola Electric in India?
Ather Energy currently leads in market share, consistent sales growth, and investor confidence. Ola Electric faces operational challenges and declining sales despite its aggressive expansion strategy.
What are the key differences between Ather and Ola’s growth strategies?
Ather Energy follows a disciplined, gradual expansion focused on customer satisfaction and engineering excellence. Ola Electric emphasizes aggressive scale and nationwide reach but struggles with profitability.
What technology innovations are driving Ather Energy’s growth?
Ather launched the next-generation EL scooter platform to enhance manufacturing efficiency, reduce component costs, and expand its dealership presence to 700 outlets by FY26.
Something interesting is happening beyond India’s metros. Most of the Tier 2 & Tier 3 cities like Nagpur, Coimbatore, and Surat are quietly becoming the new business hotspots. With better infrastructure, rising incomes, and a growing middle class, people in these cities now want the same quality and comfort once found only in big urban centers.
For entrepreneurs, this is a rare chance to step in early. Tier 2 and Tier 3 cities offer room to grow, lower setup costs, and customers who value convenience over luxury. And among all the emerging sectors, laundry and dry-cleaning services are turning into surprisingly steady, recession-proof ventures.
In this article, we’ll look at the 10 best business franchise ideas that are not only profitable but also designed for India’s fast-changing smaller cities in 2025.
As more nuclear families and dual-income households emerge in smaller cities, the demand for professional laundry services is rising rapidly. People are willing to pay for convenience, hygiene, and time-saving solutions, making this segment one of the most promising in 2025.
Why It Works in Tier 2 & 3 Cities?
Busy professionals and students prefer outsourcing laundry
Very few organized players create a high-profit niche
Lower rental and labor costs boost overall ROI
Franchise Highlights:
Investment
INR 7 lakh – INR 2.5 crore (various models)
Area Required
100–750 sq. ft.
Payback Period
12–18 months
Profit Margin
Up to 70%
Best Locations
Near residential complexes, college hostels, gated communities, and IT/business hubs
Quick Service Restaurants have become a favourite business choice in India’s growing smaller cities. With young consumers seeking quick, hygienic, and affordable meals, QSRs see constant demand from students, office-goers, and families alike. The format is flexible; you can start small, expand easily, and benefit from the popularity of food delivery apps that keep orders flowing in.
Why It’s Profitable?
Easy to expand and replicate in multiple locations
Consistent footfall near colleges and busy markets
Food delivery apps enhance reach and brand visibility
Franchise Highlights:
Investment Range
INR 15–30 lakhs
ROI Timeline
18–24 months
Best Locations
Near railway stations, malls, markets, and schools
Coaching Centers & Online Tutoring
Top Brands: Kidzee, NIIT, Aptech
Education and skill development remain evergreen sectors, especially in Tier 2 and Tier 3 cities, where parents and students actively seek quality learning options. With growing competition in academics and rising awareness about skill enhancement, coaching centers and online tutoring services enjoy consistent demand throughout the year.
Why Does It Work?
Steady, year-round customer base
Growing demand for quality coaching and professional upskilling
Franchise support often includes ready-made curriculum, training, and operational guidance
Franchise Highlights:
Investment Range
INR 10–20 lakhs
ROI Timeline
12–18 months
Ideal Locations
Near schools, colleges, residential areas, and commercial hubs
Grocery and retail stores remain a cornerstone of any community, especially in Tier 2 and Tier 3 cities. With fast-moving inventory and essential products, these outlets enjoy constant footfall and recurring customers. Loyalty programs and promotions further strengthen long-term relationships, while franchisors provide strong vendor and supply chain support to ensure smooth operations.
Why Does It Work?
Fast inventory turnover keeps revenue flowing
Loyalty programs help build repeat customers
Franchise support simplifies operations and the supply chain
Franchise Highlights:
Investment Range
INR 10–30 lakhs
Floor Area Required
300–1,000 sq. ft.
Ideal Locations
Near residential complexes, busy markets, and main roads
Healthcare services are essential and see consistent demand, making pharmacies and health clinics highly reliable business models. Tier 2 and Tier 3 cities are witnessing a rise in health awareness, government initiatives, and growing access to medical facilities. Combining pharmacies with diagnostic services or wellness consultations can further increase profitability.
Why It’s Profitable?
High repeat customer base
Essential service ensures business continuity even during downturns
Government support for rural and semi-urban healthcare expansion
Franchise Highlights:
Investment Range
INR 12–25 lakhs
Profit Margin
15–25%
Ideal Locations
Near residential areas, hospitals, and busy streets
Salons and beauty services are among the most profitable service-based franchises in smaller cities. People are increasingly willing to spend on grooming and self-care, creating a steady, recurring customer base. Seasonal events like weddings, festivals, and local celebrations also give a significant boost to business, making it a lucrative investment for entrepreneurs.
Why It’s Lucrative?
High profit margins on services
Recurring clients ensure steady revenue
Seasonal spikes during weddings and festivals
Franchise Highlights:
Investment Range
INR 15–25 lakhs
Payback Period
12–18 months
Ideal Locations
Near malls, commercial hubs, and residential areas
With the surge in e-commerce and online shopping, courier and logistics services have become a daily necessity, even in smaller cities. Regular shipments from local businesses and online sellers ensure a steady flow of income. The company requires minimal infrastructure, has low operational costs, and can be launched quickly, making it an ideal option for entrepreneurs seeking a low-risk investment.
Why Does It Work?
Daily shipments provide consistent revenue
Low operational and setup costs
Minimal infrastructure required
Franchise Highlights:
Investment Range
INR 2–5 lakhs
ROI Timeline
Within 1 year
Ideal Locations
Near commercial hubs, markets, and business districts
Health awareness is on the rise, and Tier 3 cities are seeing growing demand for fitness centers. People are looking for gyms that offer personal trainers, group classes, and wellness programs. Starting with basic equipment and affordable memberships allows you to attract customers early. Over time, you can expand into yoga, Zumba, functional training, diet consultations, and other trending services to increase revenue.
Why Does It Work?
Continuous demand for health and wellness services
Flexible membership plans encourage recurring income
Opportunity to diversify into fitness and wellness programs
Franchise Highlights:
Investment Range
INR 10–30 lakhs
Payback Period
12–24 months
Ideal Locations
Near residential complexes, schools, colleges, and busy markets
Unveiling Franchise Opportunities in Tier-2 and Tier-3 Cities
Car/Bike Wash & Auto Repair
Top Brands: Local franchises or independent setups
With rising vehicle ownership in Tier 2 and Tier 3 cities, demand for reliable car and bike wash and repair services is growing. Offering quality cleaning, minor repairs, and maintenance builds a loyal customer base. Starting costs are minimal; basic cleaning equipment and space in a visible location are enough.
Why Does It Work?
Low overhead with high profit margins
Growing demand due to increasing vehicle ownership
Opportunities for recurring income through memberships and add-on services
Franchise Highlights:
Investment Range
INR 3–10 lakhs
ROI Timeline
12–18 months
Ideal Locations
Near residential areas, main roads, vehicle dealerships, and commercial zones
With smartphones and gadgets becoming an essential part of daily life, mobile device repair and accessories services are seeing rapid growth in Tier 2 and Tier 3 cities. Limited local options for quick, reliable repairs create a strong demand, while accessories like chargers, headphones, and cases provide an additional revenue stream. This business is low-cost, scalable, and attracts repeat customers, making it ideal for entrepreneurs seeking a steady and profitable venture.
Why Does It Work?
High and recurring demand due to growing smartphone usage
Near busy markets, colleges, IT hubs, and residential areas
Conclusion
Launching a successful business in Tier 2 and Tier 3 cities requires patience, planning, and a deep understanding of the local community. Entrepreneurs need to align their offerings with local needs, leverage digital tools to reach a wider audience, and prioritize sustainable, long-term growth. True success comes from solving real problems, building trust, and staying consistent. Start small, learn from every step, and expand thoughtfully. The opportunity is immense. Take the first step today and grow with confidence.
What are some Best Franchise Business Ideas in Tier-2 and Tier-3 Cities?
Some Best Franchise Business Ideas in Tier-2 and Tier-3 Cities
Laundry & Dry Cleaning Franchise
Quick Service Restaurants (QSR)
Coaching Centers & Online Tutoring
Grocery & Retail Franchises
Pharmacy & Health Clinics
Salon & Beauty Services
Courier & Logistics Franchise
Health Clubs & Gyms
Car/Bike Wash & Auto Repair
Mobile Device Repair & Accessories
How long does it take to recover the investment in a small-city franchise?
Most well-planned franchises in Tier 2 & Tier 3 cities offer a payback period of 12–24 months, depending on the sector, location, and operational efficiency.
What is the ideal location for setting up a franchise in a Tier 2 city?
High-traffic zones such as residential complexes, college areas, commercial hubs, markets, and main roads are the most suitable. Visibility and accessibility are key to sustained customer flow.
Thyrocare Technologies Limited (hereinafter referred to as “Thyrocare”) (NSE: THYROCARE, BSE: 539871), one of India’s leading healthcare diagnostics companies, has announced its financial results for the quarter ended 30 September 2025.
Thyrocare’s Key Financial Highlights for Q2FY26
(Consolidated Financial Results in INR Crore)
Revenue
Normalised EBITDA
Profit After Tax
Revenue Growth (YoY)
EBITDA Growth (YoY)
PAT Growth (YoY)
INR 216.53 Cr
INR 75.36 Cr
INR 47.90 Cr
22% YoY
49% YoY
82% YoY
Strong Financial Performance and Shareholder Rewards
Thyrocare reported consolidated revenue of ₹216.53 crore for Q2FY26, marking a 22% year-on-year rise driven by continued strength in the pathology segment, which grew by 24% YoY.
Normalised EBITDA stood at ₹75.36 crore, up 49% YoY, supported by better operating leverage, cost efficiencies, and business mix optimisation. Profit After Tax (PAT) surged 82% YoY to ₹47.90 crore, reflecting the company’s focus on profitable growth.
Gross margin remained robust at 72%, while EBITDA margin stood at 33%. The company remains debt-free on a consolidated basis, maintaining net cash and short-term investments exceeding ₹190 crore.
Recognising this strong performance, the Board of Directors has declared an interim dividend of ₹7 per equity share (face value ₹10 each, pre-bonus) with 24 October 2025 as the record date. The Board has also approved a 2:1 bonus issue, subject to statutory, regulatory, and shareholder approval.
The proposed bonus issue reflects Thyrocare’s confidence in its long-term growth trajectory and its continued commitment to shareholder value creation, stock liquidity, and expanding retail participation.
Operational Milestones
During the quarter, Thyrocare processed an all-time high of 53.3 million tests, a 21% YoY increase, reinforcing its leadership as India’s largest diagnostic test volume processor.
The Pathology business continued to gain traction with franchise revenue rising 20% and partnership revenue up 35% YoY.
In H1FY26, the company expanded its network by adding four new laboratories in Vijayawada, Bhagalpur, Roorkee, and Kashmir, enhancing regional penetration and improving access to diagnostic services across India.
“We are pleased to report a robust set of results for the quarter and the announcement of our bonus issue on the occasion of 25 years of Thyrocare coinciding with the auspicious occasion of Diwali. These numbers underscore our continued focus on operational excellence, network expansion, and value-driven diagnostics. As we deepen our presence in underserved regions and scale our franchise and partner channels, we remain committed to delivering high-quality, affordable healthcare services across India.” – Rahul Guha, MD & CEO, Thyrocare Technologies Ltd
“We are delighted with Thyrocare’s strong Q2FY26 performance, which reflects the strength of our business fundamentals, disciplined financial management, and the unwavering commitment of our teams. As we mark 25 years of trust and innovation, the bonus share announcement underscores our commitment to our shareholders and investors, and reinforces confidence in our long-term growth journey.” – Alok Kumar Jagnani, Group CFO
In a regulatory statement on October 14, IT giant Infosys declared that it has won a £1.2 billion (about INR 14,137 crore) contract from the NHS Business Services Authority (NHSBSA) to provide a new workforce management system. The current Electronic Staff Record (ESR) system will be replaced with the data-driven personnel management platform called Future NHS Personnel Solution, which Infosys will construct under the terms of the 15-year agreement.
With approximately £55 billion in yearly payments, the new system will continue to handle payroll for 1.9 million NHS workers in England and Wales. “The NHS is a cornerstone of life in the UK, providing vital services that touch millions every day,” said Salil Parekh, chief executive officer and managing director of Infosys. It is an honour for NHSBSA to select Infosys to implement the Future Workforce Solution and bring about generational change.
Infosys Selected After Rounds of Procurement Processes
According to Infosys, it was chosen following a thorough procurement process because of its track record of successfully implementing significant digital transformations, its dedication to operational excellence, and its user-centric design methodology. Parekh said that Infosys will develop a solution that not only boosts productivity now but also equips the NHS for the future thanks to its vast experience in digital transformation and its artificial intelligence (AI) platform, Infosys Topaz.
In line with the NHS 10-Year Health Plan, the Future NHS Workforce Solution seeks to create a workforce that is up to date and prepared for the future by investing in digital infrastructure that increases productivity and frees up medical staff to concentrate on patient care.
Details of NHS 10-Year Health Plan
The company said that the new platform, which is driven by AI and cutting-edge technologies, will support every stage of the employee lifecycle, from hiring and onboarding to payroll, career advancement, and retirement. It will improve the user experience for NHS employees by providing simple, AI-powered tools for workforce planning and decision-making. According to NHSBSA CEO Michael Brodie, implementing the new management system is essential to advancing the goals of the 10-Year Health Plan.
The solution will be a strategic facilitator for creating a workforce that is prepared for the future, going far beyond simply replacing ESR. The company said that the new platform, which is driven by AI and cutting-edge technologies, will support every stage of the employee lifecycle, from hiring and onboarding to payroll, career advancement, and retirement. It will improve the user experience for NHS employees by providing simple, AI-powered tools for workforce planning and decision-making.
Additionally, the solution will guarantee smooth connection with other NHS systems, improve operational efficiency throughout the company, and enable staff to handle their personal data more effectively.
Quick Shots
•Infosys
will build Future NHS Personnel Solution, a data-driven workforce management
system.
•The
new project will replace the existing Electronic Staff Record (ESR) system.
•Infosys
will manage payroll for 1.9 million NHS employees in England and Wales (~£55 billion annual payments).
Muttley Crew, a Bangalore-based premium, health-focused pet food brand, announced the successful raise of its seed funding round, raising $425,000. The round saw participation from a group of private investors, reflecting strong confidence in Muttley Crew’s vision, product innovation, and growth potential in India’s rapidly expanding pet care market.
The funds will be used to scale operations, expand retail presence across India and enhance product development, enabling Muttley Crew to make high-quality, natural, and preservative-free pet nutrition more accessible to pet parents nationwide.
“This funding is more than a financial milestone – it validates our belief that pets deserve the same quality and care in their food as humans do. At Muttley Crew, we have proven that premium, all-natural, preservative-free treats made with human-grade ingredients can be delivered with transparency, taste, and convenience. With the support of our investors and the strength of our team, we are ready to expand our footprint to more than 100 locations by the next quarter and redefine pet nutrition across India,”said Smriti Thomas, Founder & CEO of Muttley Crew.
Founded by Smriti Thomas, Muttley Crew has already carved a niche for itself in Bangalore’s growing pet care market; catering to pet parents who prioritize clean, safe and healthy food options. The brand collaborates with veterinarians and pet nutritionists to craft its product range, ensuring both taste and nutritional value.
Its product portfolio includes innovative treat boxes, designed to make healthy snacking fun and convenient for pets. The brand has also partnered with Bangalore cafes to co-create premium, pet-friendly offerings. Muttley Crew is beingfeatured in the Canine 9 Edu Pet Guide, India’s first natural canine nutrition guide.
Currently Muttley Crew is present in 20 outlets across Bangalore and has also entered new cities such as Mysore, Hyderabad, Goa, and Kochi.
The yearly performance review cycle of Infosys has begun, reigniting employee expectations for long-awaited pay raises in 2026. In an email, the HR department of the Bengaluru-based IT services behemoth requested that employees submit their self-evaluations by October 17. Employees feel that this appraisal season is more important than the normal one.
Following delays and smaller-than-normal raises in the previous two years, many are anticipating a rise. This is a standard procedure, but staff anticipate the business will grant them a rise this time, unlike last year, an Infosys employee told the Economic Times.
How Infosys’ Performance Review Cycle Works?
The review cycle at Infosys runs from October to September. Usually, ratings are distributed by January, and in June, the final appraisal letters and updated salary are made public. But in recent years, the business has frequently postponed the procedure. The FY24 final appraisal was postponed and released in January and April of 2025.
While those at JL6 and upwards had to wait until April, employees up to the JL5 level—including team leads—received their raises in January. In comparison with the November 2023 modification, the rises were still 5–10% lower across all bands.
After a difficult year during which Infosys suspended compensation increases in FY22 to save money, which had a negative effect on staff morale, the 2023 rise was announced. The corporation employs around 3.23 lakh people, and the Indian IT industry pays special attention to its appraisal policy.
Infosys Asking Employees for their Key Contributions
Employees have been invited to highlight their major accomplishments, difficulties, and contributions throughout the past year in the current cycle. Additionally, the email instructs employees to identify areas for skill growth, set development goals, and match current goals with future positions.
“This is your chance to evaluate your main endeavours, results, obstacles, and successes and establish goals that are ready for the future,” the organisation informed staff. Salary increases will once again be determined by performance reviews, with increases being correlated with criteria like “met expectations”, “commendable”, and “outstanding performance”.
Other Players too Opting for Annual Performance Reveiw
Infosys is not the only company that is drawing attention to assessments. Tata Consultancy Services (TCS), its competitor, has also begun assessing its performance. Chief Human Resources Officer Sudeep Kunnumal stated in an internal memo that TCS has implemented compensation increases for C3A-level staff, with top performers receiving double-digit rises, starting in September 2025.
On October 16, Infosys will release its second-quarter financial results. According to analysts, the size of the impending pay increases may depend in part on the company’s financial performance. The big concern for workers is still whether they will get the rise they have been hoping for in 2026.
Quick Shots
•Infosys
has begun its annual performance review cycle for employees.
•Self-evaluations
must be submitted by October 17, 2025.
•Employees
are hoping for pay hikes in 2026 after two slow years.
•The review cycle runs from October
to September each year.
NASA’s Jet Propulsion Laboratory (JPL) announced on 12 October that it will reorganise its personnel by laying off around 550 workers, or 10% of its total workforce, in an effort to maintain the facility’s long-term competitiveness. JPL director Dave Gallagher emphasised in a statement that the changes were a part of a larger strategy to restructure the facility and had nothing to do with the present US government shutdown.
Gallagher stated, “All the while continuing to deliver on our vital work for NASA and the nation, this week’s action is essential to securing JPL’s future by creating a leaner infrastructure, focusing on our core technical capabilities, maintaining fiscal discipline, and positioning us to compete in the evolving space ecosystem,” according to NBC News. Technical, business, and support positions throughout the Pasadena-based facility will be impacted by the layoffs. This week, each employee will receive a unique status update.
US Administration facing Financial Crunch and Political Headwinds
However, the centre faces political and budgetary challenges, just like NASA as a whole. As part of a larger federal effort to reduce the size of the government workforce, the agency has maintained budget and staffing cuts in recent years. For many years, the Jet Propulsion Laboratory, which is run by the California Institute of Technology and receives federal funding from NASA, has been essential to US space exploration.
It developed, constructed, and managed all five of the rovers that made a successful landing on Mars in addition to building the country’s first satellite, Explorer 1, which was launched in 1958. Since Donald Trump assumed office, around 4,000 NASA employees have already left the agency on deferred resignation plans, according to Reuters, reducing the agency’s 18,000-person workforce by nearly one-fifth. In a fresh round of layoffs announced in July, almost 2,000 senior-level employees were targeted for termination.
Trump Office Laying Off Above 4000 Federal Employees
NASA was not specifically mentioned in the wave of over 4,000 federal employees laid off by the Trump administration last week amid the protracted government shutdown, which also affected agencies including Treasury and Health and Human Services. The magnitude of JPL’s layoffs demonstrates the conflict between the need for scientific advancement and budgetary restraint.
The loss of hundreds of highly qualified employees could make project schedules and capabilities more difficult, even though the lab is working on future missions, such as Earth science study and planetary exploration. According to Gallagher, the lab is still dedicated to providing for the public and NASA. He declared, “We are sure that this realignment will improve our capacity to support the country’s leadership in space science and exploration.”
Quick Shots
•NASA’s
Jet Propulsion Laboratory (JPL) to cut 550 jobs, around 10% of workforce.
•Organizational
restructuring to ensure long-term competitiveness and fiscal discipline.
•Technical,
business, and support positions at Pasadena-based facility.
•Director Dave Gallagher emphasizes
focus on core capabilities and leaner infrastructure.
Fery Rides, India’s first women-led mobility platform designed for women, has raised INR 2.075 crore in a seed funding round led by IAN Angel Fund, part of IAN Group. The round saw participation from Hari Balasubramanian, Uday Chatterjee, and Sri Prakash. The investment will support the company in enhancing its technology, expanding operations beyond the NCR, and onboarding more women drivers referred to on the platform as Sister Partners.
Fery Rides addresses one of India’s most pressing challenges: the lack of safe and reliable transportation for women. Every day, millions of women in Indian cities commute with anxiety and fear of harassment. The idea for Fery began when co-founder Ajay Kumar witnessed a close friend being harassed by a ride-hailing driver. “That was the moment he realised how unsafe the daily commute had become for women,” say reports. Together with Vindhya Mehrotra and Himanshu Chaubey, he created a platform prioritising safety, reliability, and dignity.
The platform ensures that every ride is operated by trained and verified women drivers and is exclusively for women passengers. Technology facilitates easy onboarding, real-time tracking with SOS alerts, and WhatsApp-enabled customer support via a robust app. Moreover, all vehicles are electric, combining sustainability with inclusivity.
Since its launch in April 2023, Fery has completed over 65,000 eco-friendly rides, empowered more than 250 women drivers, and surpassed 50,000 app downloads. Currently operating in Gurugram, the platform is preparing to scale across Delhi NCR and other major cities. Fery has also partnered with Sakha Cabs for airport rides and participated in pilot operations during the Mahakumbh in Prayagraj.
Ajay Kumar, Co-founder & CEO, Fery Rides, said, “This fundraise is more than just capital; it’s a strong validation of our mission to redefine mobility for women in India. With the backing of IAN Group and our mentors, we are ready to scale Fery into a national movement for safer, sustainable, and women-led urban transportation.”
Padmaja Ruparel, Co-founder, IAN Group, added, “Real change happens when innovation meets inclusion. Fery Rides places women at the centre of the solution to one of the biggest challenges — safe mobility. This company has built an innovative solution to a real problem, creating both value and social change. We’re proud to support a team that is redefining transportation through empowerment, technology, and trust.”
Fery’s model is unique in empowering women on both sides of the ride. It provides commuters with a trusted, stress-free travel option while offering dignified livelihood opportunities for women drivers, often excluded from the gig economy. Sister Partners gain training, financial independence, and confidence, and many are now becoming role models in their communities.
Beyond statistics, Fery’s journey is deeply human. One early driver, once hesitant to navigate traffic, now completes 20 rides a day and supports her daughter’s ambition of becoming an Olympic athlete. Stories like hers reflect the larger mission of building a movement where women support, trust, and uplift one another through mobility.
Nitin Konde
