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  • Apple Races for Formula 1 US Rights After Brad Pitt’s Film Success

    Apple is negotiating to get the US rights to broadcast Formula 1 as the internet giant expands its live sports programming and builds on the success of its popular film based on the racing car series.

    Various media reports stated that when the broadcast deal opens up next year, the iPhone manufacturer plans to challenge Disney’s ESPN, the current American broadcaster of Formula 1.

    Considering that Brad Pitt’s F1 is the company’s first major box office hit since it started producing original content for its Apple TV+ streaming service, demand is high.

    Liberty Media, the US owners of Formula 1, hopes that by drawing in younger, female, and American viewers, the movie and Netflix’s Drive to Survive documentary series will have raised the value of the racing rights.

    F1’s Box Office Collection

    Apple’s highest-grossing film to date is F1, which has grossed approximately $300 million at the box office. This production marks a transition to mainstream spectacles following the commercial failures of Killers of the Flower Moon and Napoleon.

    With a 2022 agreement with Major League Baseball to stream games on Friday nights and a more comprehensive agreement with Major League Soccer in North America, Apple has already ventured into the live sports streaming space.

    The race car series’ current television partner, ESPN, brings in approximately about $85 million annually. Additionally, F1 charges viewers directly for live race streaming on its own streaming service in the United States.

    Prior to the debut of the F1 movie, analysts at Citi had previously predicted that the next US broadcast deal for Formula One may be worth $121 million annually. In 2024, its overall revenue from media rights increased by nearly 8% to approximately $1.1 billion.

    According to someone with intimate knowledge of the situation, F1 has not yet decided on its future broadcasting arrangements, and ESPN may still hold the rights.

    Formula One is no Longer a Monopoly of ESPN

    ESPN had a window of opportunity to negotiate a contract without having to contend with other bidders. But last year, that window closed without a contract, so competitors might now enter the market.

    It is anticipated that other bidders would pursue the rights as well. Liberty Media prioritises the US market, and in recent years, it has expanded its race calendar to include Miami and Las Vegas in addition to its grand prix in Austin, Texas.

    In 2026, Cadillac, a US brand supported by General Motors and billionaire financier Mark Walter’s TWG Motorsports, will become the eleventh team to compete.

    From 554,000 viewers per race in 2018, the year after Liberty Media acquired Formula 1, to around 1.1 million in 2024, F1’s audience on ESPN has doubled. F1 saw an average of 1.3 million spectators over its first 10 events this year, with record attendance in Australia, China, Monaco, Spain, Canada, and Austria.

    The $100 billion in services revenue that Apple generates annually, which includes goods like the App Store, iCloud, and Apple Pay, does not include money from Apple TV+ or its production division, Apple Studios.

  • Blackbuck Hit with INR 28.56 Lakh Tax Demand for FY18, Set to Appeal

    On July 8, listed logistics startup BlackBuck announced that the Income Tax (IT) Department has sent it a tax demand notice for INR 28.55 Lakh. The company stated in a statement with the exchanges that the July 7 tax notice was sent because certain expenses that qualified for tax deducted at source (TDS) had not been taxed.

    The company claims that the tax demand, which included taxes, was made by the Bengaluru office of the Assistant Commissioner of Income Tax (TDS) and related to the fiscal year 2017–18 (FY18).

    In explaining the nature of the infractions, BlackBuck said that an order under Sections 201(1) and 201(1A) of the Income-tax Act, 1961, was issued because some expenses did not have tax deducted at the source, confirming the total demand payment of INR 28,55,872/-, including applicable interest.

    BlackBuck Plans to Appeal the Order

    According to BlackBuck, it has a “strong case on merits,” and the business intends to appeal the notification to the relevant authority.

    The logistics firm added that there would be “no material implications” for the business from the IT department’s order.

    BlackBuck, which was founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Ramasubramaniam B, began as an online truck aggregator before growing to include a wide variety of load management, telemetry, payment, and vehicle financing products.

    It links small and large companies with shipping needs with truck fleet operators. Additionally, the organisation provides fuel cards and FASTag payments, GPS tracking and truck theft protection systems, certified communication channels between the shipper and the trucker, and vehicle financing options.

    BlackBuck Financial Outlook

    The logistics company’s fourth quarter (Q4) of the fiscal year 2024–25 (FY25) had a consolidated net profit of INR 280.1 Cr, compared to a net loss of INR 90.8 Cr in the same period last year.

    A tax credit of INR 245 Cr during the reviewed quarter was the reason for the strong, profitable results. Operating revenues, on the other hand, increased by 30.6% to INR 121.8 Cr in Q4 FY25 from INR 93.2 Cr in the same period the previous year.

    BlackBuck Subsidiary Gears Up for Digital Payments with RBI’s PPI Nod

    The Reserve Bank of India (RBI) has granted a prepaid payment instruments (PPI) licence to Zinka Logistics, a subsidiary of listed logistics giant BlackBuck.

    The business stated in an exchange statement that its fully owned subsidiary, TZF Logistics Solutions Pvt Ltd, was awarded the licence by the central bank. Banks and non-banks cannot issue PPIs without a licence under the Payment and Settlement Systems Act of 2007.

    To put it in perspective, PPIs enable remittance facilities, conduct financial activities, assist the purchase of goods and services, and more, all of which are facilitated by the value they store.

    According to BlackBuck’s petition, the licence will assist the company’s fully owned subsidiary TZF Logistics Solutions Pvt Ltd, in setting up and running a payment system for prepaid payment instruments.

  • Jane Street Slams Sebi Order as ‘Fundamentally Mistaken’ Amid Allegation Storm

    In an internal letter to staff, the US-based trading company Jane Street slammed the Securities and Exchange Board of India (SEBI), calling its recent ruling accusing market manipulation “fundamentally mistaken.”

     The company rejected SEBI’s description of its trading approach as manipulative and instead described it as “basic index arbitrage.” According to Jane Street, it is considering its legal options and is getting ready to respond formally.

    Additionally, it asserted that since February, many attempts to communicate with the market’s regulator have been “consistently rebuffed.”

     Jane Street accused Sebi of using “inflammatory language” and demonstrating a lack of grasp of typical hedging procedures and the connections between derivative and underlying markets in its July 3 order in a letter distributed to staff members over the weekend.

    Deeply Upsetting of Being Mischaracterised: Jane Street

    The letter went on to say that seeing the company misrepresented in this manner is really distressing. Jane Street is proud of the part it plays in global markets; therefore, it hurts to have a study that contains so many false or unsubstantiated claims damage its reputation.

    In addition to prohibiting Jane Street and its group companies from engaging in the Indian market, Sebi’s ruling ordered the disgorgement of INR 4,834 crore in claimed “unlawful gains.” Additionally, the regulator stated that it was still looking into the group’s other trading tactics.

    The market’s watchdog responded to Jane Street’s allegations by stating that the July 3 ruling, like all SEBI orders, is a speaking order that lays out SEBI’s prima facie case and answers all pertinent issues.

    SEBI has nothing more to contribute to what has already been included, clarified, and rationalised in that order at this point. When Sebi initially asked for information about its trading in August 2024, Jane Street claimed to have responded quickly and openly.

    Jane Street’s senior officials from the company’s headquarters in Hong Kong and New York had gone to Mumbai to meet with the National Stock Exchange (NSE), it further stated.

    Why did Sebi Issue the Order?

    Several examples of what SEBI claimed was index manipulation by Jane Street were highlighted in the 105-page study.

    It claimed that on January 17, 2024, the day that weekly index options linked to the NSE Nifty Bank Index were about to expire, the company had engaged in aggressive trading to raise the values of the underlying cash and futures markets.

    According to the report, Jane Street piled up a lot of bearish options transactions and then made a lot of money by closing some of them and letting others expire.

  • Apple Names Indian-Origin Exec Sabih Khan as New Chief Operating Officer in Leadership Shake-Up

    After long-time operations chief Jeff Williams plans to retire, Apple CEO Tim Cook has made a significant leadership change by appointing Indian-origin executive Sabih Khan as the company’s new COO.

    Khan, who has worked for Apple for thirty years, has been instrumental in creating and overseeing the company’s international supply chain.

    Khan was born in Moradabad, Uttar Pradesh, and spent some time in Singapore. His ascent to the second-ranking spot at Apple is a landmark achievement for Indian-origin talent in the global computer sector.

    From Moradabad to USA

    Born in Moradabad, Uttar Pradesh, in 1966, Sabih Khan later relocated to Singapore with his family. After moving to the US, he graduated from Tufts University with two bachelor’s degrees in economics and mechanical engineering.

    He then went on to Rensselaer Polytechnic Institute to acquire a master’s degree in mechanical engineering. Khan was an applications development engineer at GE Plastics before joining Apple.

    He joined Apple in 1995 as a member of the procurement team and worked his way up to the position of Senior Vice President of Operations in 2019. Khan has been in charge of Apple’s global supply chain, manufacturing, product fulfilment, procurement, and logistics in this capacity.

    His leadership was also evident in Apple’s supplier responsibility initiatives, which prioritised environmental sustainability and worker rights.

    Khan a ‘Brillian Strategist’: Cook

    Apple said in a statement that Jeff Williams will retire later this year and hand over his duties to Khan by the end of the month. Tim Cook hailed Khan as a “brilliant strategist” and one of the main designers of Apple’s worldwide supply chain in his statement.

    Cook credited Khan with helping Apple reduce its carbon footprint by more than 60%, highlighting his efforts in sophisticated manufacturing, expanding production in the US, and sustainability programs.

     Cook expressed complete faith in Khan’s ability to influence Apple’s future, saying, “Above all, Sabih leads with his heart and his values.”

    With this change, Khan assumes a position that places him among the most powerful executives in the most valuable corporation in the world, and Tim Cook will now receive direct reports from Apple’s design team.

    India Benefiting from US-China Trade Tension

    The shifting of Khan coincides with Apple’s efforts to lessen the effects of US tariffs by moving some of its manufacture from China to India.

    Trade conflicts between the US and China, which started under former President Donald Trump, are the direct cause of Apple’s entry into India.

    These tensions have now developed into strategic actions on both sides, with China retaliating with limits on technology, talent, and raw materials and the United States providing tax incentives and trade agreements to nations like Vietnam and India.

    Though it might not seem as dramatic, China’s most recent action might be just as destructive as a trade battle. The risk is growing on both sides for Apple, which intends to manufacture the majority of iPhones for the US in India by 2026.

  • From Downing Street to Wall Street: Goldman Sachs Hires Ex-PM Rishi Sunak as Senior Adviser

    The former prime minister of the United Kingdom, Rishi Sunak, has returned to Goldman Sachs Group Inc. as a senior adviser. In a statement released on July 8, Goldman Sachs CEO David Solomon announced that Sunak, who was prime minister from October 2022 to July 2024, will collaborate with executives at New York-based Goldman.

    Sunak will provide worldwide clients of Goldman Sachs advice on a variety of subjects while offering his distinct viewpoints and insights on the macroeconomic and geopolitical environment.

    Prior to becoming prime minister, Sunak held the positions of chief secretary to the Treasury and parliamentary under-secretary of state at the Ministry of Housing, Communities, and Local Government.

    He also served as chancellor of the exchequer from February 2020 until July 2022. In 2015, he became a Member of Parliament, marking the beginning of his political career.

    Sunak was born into a family with immigrant origins. His mother and father were born in Tanzania and Kenya, respectively, after his grandparents left Punjab, in northwest India, for East Africa.

    After their families moved to Southampton, southern England, in the 1960s, they met and got married. Sunak’s father joined the National Health Service as a general practitioner. His mother had a small drugstore and was a pharmacist.

    Current Political Status of Sunak

    Sunak is still an MP for the northern English constituency of Richmond and Northallerton, where he led the Conservative Party to its worst-ever loss in the general election last year.

    Regardless of the result of the vote, he pledged throughout the election campaign to serve as an MP for the entire next Parliament. Keir Starmer of Labour, who succeeded him, has until mid-2029 to call the next general election.

    Sunak began his career at Goldman as a summer investment banking intern in 2000. From 2001 to 2004, he worked as an analyst. Later on, he co-founded an investment firm that works with businesses all over the world.

    Common Move of Former Government Officials

    Former government officials frequently migrate into finance, where their worldwide network and policy experience are viewed as key assets. This shift highlights a well-established career trajectory.

    Former Chancellors of the Exchequer George Osborne and Sajid Javid also entered the business, with Javid becoming a partner at the investment firm Centricus and Osborne joining BlackRock as an adviser.

    These days, banks are valuing such experience even more as they try to help customers navigate a geopolitical environment that is becoming more complicated.

    The wealthiest individuals to have occupied 10 Downing Street are Sunak and his spouse, Akshata Murty, who is a trustee of her alma mater, Claremont McKenna College in Southern California.

    The Bloomberg Billionaires Index estimates that Murty’s wealth exceeds $700 million, primarily due to her ownership of Infosys Ltd., the software behemoth her father created.

  • Daily Indian Funding Roundup & Key News – 8 July 2025

    Here’s a quick look at the top funding deals and key business developments in India on 8 July 2025. From early-stage capital raises to major acquisitions and policy moves, here’s everything you need to know.

    Daily Indian Funding Digest – 8 July 2025

    Company Funding Round Amount Raised Lead Investor(s) Purpose
    Linkrunner Pre-seed ₹5 crore Titan Capital, Samir Sood, 2AM VC Hiring, GTM strategy, product development
    Qoruz Pre-Series A $500,000 The Chennai Angels Scaling influencer marketing platform
    Monetize360 Strategic/Seed Not disclosed Abyro Capital Product development, global market expansion
    Sai Parenterals Equity Funding ₹50 crore Samarsh Capital, Vyom Partners, Blue Lotus Expansion, M&A, manufacturing ramp-up
    Credit Wise Capital Series A ₹200 crore Trident Growth Partners and others Lending growth, tech expansion, AUM scale-up

    Linkrunner Raises INR 5 Cr Pre-Seed Led by Titan Capital

    AI app analytics startup Linkrunner raised INR 5 crore in a pre-seed round led by Titan Capital, with Samir Sood and 2am VC also participating. Founded by Shreyans Sancheti and Darshil Rathod, the Bengaluru-based company will use the funds for hiring, product innovation, and market entry.

    Qoruz Secures $500K from The Chennai Angels

    Influencer marketing platform Qoruz raised $500,000 in a pre-Series A round led by The Chennai Angels. The Chennai startup, working with over 1,000 brands, will use the funds to grow its enterprise offerings and reach. It’s targeting $30M ARR by 2026.

    Monetize360 Gets Strategic Backing from Abyro Capital

    SaaS startup Monetize360 received an undisclosed investment from Abyro Capital. The firm’s platform helps enterprises manage complex pricing models with no-code tools. Funds will boost product development and global go-to-market efforts.

    Sai Parenterals Raises INR 50 Cr for Expansion

    Pharma company Sai Parenterals secured INR 50 crore in equity from Samarsh Capital, Vyom Partners, and Blue Lotus Capital. The capital will support global expansion, manufacturing scale-up, and acquisitions. MD Anil Karusala confirmed a focus on regulated markets.

    Credit Wise Capital Raises INR 00 Cr Led by Trident Growth Partners

    NBFC Credit Wise Capital raised INR 200 crore in its Series A round, led by Trident Growth Partners (INR 120 crore). Founded by Aalesh Avlani and Gurpreet Singh Sodhi, the firm plans to triple its AUM from INR 645 crore, grow lending in smaller towns, and enhance its tech stack.

    Key News Highlights for 8 July 2025

    IIT Madras Launches INR 200 Cr VC Fund

    IIT Madras has launched an INR 200 crore venture fund to back deeptech startups founded by its alumni, students, and faculty. The fund aims to support 100 startups annually, with a vision of one IPO per month by 2032.

    Adani Power Completes INR 4,000 Cr VIPL Acquisition

    Adani Power has finalised its INR 4,000 crore acquisition of Vidarbha Industries Power. The deal adds 600 MW to Adani’s capacity, now totalling 18,150 MW, and aligns with its goal of reaching 30,000+ MW by 2030.

    Capgemini to Acquire WNS for $3.3 Billion

    French IT major Capgemini is acquiring Indian BPM firm WNS for $3.3 billion. The deal, offering a 17% premium to WNS shareholders, boosts Capgemini’s AI-led BPM capabilities and adds $1.2 billion in annual revenue.

    Daily Indian Funding Roundup & Key News – 7 July 2025
    Here’s your roundup for 7 July 2025: Khetika raises $18 million, BigBasket appoints a new CFO, and Jio-BlackRock collects ₹17,800 crore in its maiden mutual fund offer.
    StartupTalkyStartupTalky News

  • Linkrunner Raises INR 5 Crores in Pre-Seed Funding Led by Titan Capital to Transform App Analytics in India

    Linkrunner, India’s first AI-powered app attribution and analytics platform (MMP), has raised INR 5 crores in a pre-seed funding round led by Titan Capital, with participation from angel investor Samir Sood and early-stage venture firm 2AM.VC. The funding will support hiring across engineering, data science, and sales, as well as drive product innovation and go-to-market efforts across India.

    Founded by Shreyans Sancheti, former co-founder of Bluelearn, and Darshil Rathod, Bluelearn’s founding engineer & team member, Linkrunner emerged from their firsthand experience navigating complex app analytics challenges. They realized that most Indian startups lacked access to affordable and efficient app attribution tools and set out to change that.

    Within just a few months, Linkrunner has gained traction with fast-growing consumer apps such as Stimuler, Grapevine, Fold Money, Abcoffee, Jumbo Gaming, Lingopanda and more. Customers appreciate the seamless onboarding, often completed in under an hour, along with a transparent pricing structure and a generous free plan tailored for startups.

    Market context shows timing is ripe: the India mobile application market generated USD 10.6 billion in revenue in 2024 and is projected to reach USD 27.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 17.8%. Meanwhile, India is expected to reach 1 billion smartphone users by 2026—an enormous addressable base for mobile-first businesses.

    Shreyans Sancheti, co-founder of Linkrunner, said, “Today major ad networks like Google/Meta don’t recognize any Indian mobile measurement partners, which limits options for the consumers. We realized there was no simple, cost-effective app attribution platform designed for Indian companies. This round will help us build one of India’s first homegrown AI-driven MMPs, something that empowers companies with actionable data and global-level capabilities.”

    Spokesperson at Titan Capital said, “Linkrunner is solving a real and growing need of data attribution in India’s app ecosystem. Their platform helps to unify data from different marketing platform to enable companies in making better data driven decisions. We’re excited to support Shreyans and Darshil as they build a product that can redefine app analytics in India.”

    With this new capital, Linkrunner plans to strengthen its product and market presence by enhancing its AI-driven attribution engine, which automatically aligns campaign data across channels, and preparing for global expansion beyond India.

    About Linkrunner

    Linkrunner is an AI-driven app attribution and analytics platform (MMP) designed for modern consumer apps. It helps companies track customer metrics, manage advertising spends, and make data-driven growth marketing decisions.

    About founders

    Shreyans Sancheti was previously one of the co-founders of Bluelearn, a social learning platform backed by Lightspeed and Elevation that raised $4M.

    Darshil Rathod was Bluelearn’s founding engineer and played a key role in scaling its core technology. Their shared experience building scalable products directly shaped the vision behind Linkrunner.

    AI Meets Tenders: ContraVault Secures INR 5.1 Cr from Titan Capital
    ContraVault AI raised INR 5.1 crores in a seed funding round led by Titan Capital, alongside notable investors including Rajiv Ahuja, Haresh Chawla, Jaswinder Ahuja, Dilipkumar Khandelwal, Abhishek Goyal and others.
    StartupTalkySubham Kumar

  • Physics Wallah Partners with YCMOU to Offer Online, Credit-Based Degree Programs

    Education company PhysicsWallah (PW) has partnered with Yashwantrao Chavan Maharashtra Open University (YCMOU), with an aim to offer regular online classes and real-time doubt resolution facilities to students. Furthermore, students will also get to gain admission to certain online, credit-based degree programs. The collaboration will combine YCMOU’s academic oversight with PW’s digital infrastructure.

    The two institutions are working towards trying to expand access to formal higher education for learners by introducing four programs:

    • Master of Business Administration (MBA)
    • Master of Computer Applications (MCA)
    • Master of Arts in English (MA English)
    • Bachelor of Computer Applications (BCA).

    These programs are being designed in compliance with UGC/AICTE norms and in alignment with the recommendations of the National Education Policy (NEP) 2020.

    Courses will follow the UGC-compliant Four-Quadrant MOOC model, with a mix of self-paced learning, online sessions, assessments, and learner support. YCMOU will be responsible for academic approvals, compliance, and degree issuance, while PW is going to manage the technology platform, student engagement, and content delivery.

    Aditya Agarwal, CBO-New Initiatives, of PhysicsWallah, said, “This partnership with YCMOU will support our journey towards building scalable, digitally-enabled pathways for learners to help access structured degree programs. We attempt to focus on delivering programs that are accessible, compliant, and aligned with industry expectations.”

    Prof, (Dr.) Sanjeev Sonawane of YCMOU said, “This collaboration with PhysicsWallah continues to enhance our digital academic delivery. We are working towards ensuring that learners are receiving flexible education backed by academic rigour and regulatory alignment.”

    The partnership is trying to create a digitally inclusive academic model that will try to support learners in pursuing recognised qualifications, regardless of geography or background.

    About Physics Wallah (PW)

    PhysicsWallah (PW), an education platform, was founded in 2020 by Alakh Pandey and Prateek Maheshwari. Headquartered in Noida, Uttar Pradesh, PW aims to democratize education through online, offline and hybrid platforms. Initially launched as a YouTube channel in 2016, PW now offers education to students through its YouTube channels, including vernacular languages.

    PW aims to create a hybrid education ecosystem in the country by establishing tech-enabled offline and hybrid centres in cities nationwide. PW’s offerings span various educational segments, including test preparation, a skilling vertical, higher education, and education abroad. PW has raised funding from investors, including Hornbill Capital, Lightspeed Ventures, Westbridge and GSV Ventures.

    Physics Wallah Success Story: A Unicorn Edtech Startup from a YouTube Channel! | Founders | IPO | Funding |
    Physics Wallah is an EdTech startup that started as a YouTube Channel and is into a Unicorn Club. Know about Physics Wallah, its founders, revenue, business model, growth, IPO, startup story, etc.
    StartupTalkyBharath

  • Capgemini to Acquire WNS for $3.3 Billion to Strengthen AI‑Driven Services

    French IT services giant Capgemini has agreed to acquire Indian‑origin BPM firm WNS in an all‑cash deal worth $3.3 billion. The move, expected to close by the end of 2025, marks a strategic bet on AI‑powered business operations.

    Deal Overview

    Capgemini will pay $76.50 per share for WNS, a 17% premium over its closing price on 3 July 2025, and a 28% premium over its 90‑day average. The transaction excludes WNS’s debt and was unanimously approved by both companies’ boards.

    Strategic Rationale

    According to Capgemini’s official statement, the acquisition of WNS will create a global leader in Agentic AI-powered Intelligent Operations. Capgemini CEO Aiman Ezzat said:

    “Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations.”

    He further noted that WNS brings high-growth, margin-accretive, and resilient Digital Business Process Services, which align strongly with Capgemini’s strategic ambition to help clients digitally transform their operations using AI, data, and cloud at scale.

    This move strengthens Capgemini’s ability to deliver end-to-end, AI-first transformation solutions, especially in complex and regulated industries such as banking, healthcare, insurance, and travel.

    WNS: Global Footprint and Strategic Value

    WNS was founded in 1996 in Mumbai as a captive unit of British Airways and became independent in 2002.

    WNS operates with three global headquarters in Mumbai, New York, and London and serves over 700 clients worldwide. It has more than 64,000 professionals across 64 delivery centres in 13 countries, offering services across sectors such as travel, insurance, BFSI, manufacturing, retail, logistics, healthcare, and utilities.

    Commenting on the deal, WNS CEO Keshav R. Murugesh said the next wave of transformation in business services will be led by intelligent, domain-centric operations. He added that combining WNS’s process and industry expertise with Capgemini’s AI capabilities and global reach creates a strong foundation to deliver next-generation, data-driven operations across sectors.

    Financial & Operational Gains

    • WNS brings annual revenue of about $1.2 billion and an operating margin of roughly 18.7%.
    • Under the merger, the combined operating margin is expected to be around 13.6%. Capgemini anticipates additional revenue contributions of €100–140 million and cost savings of €50–70 million by the end of 2027.
    • The acquisition is expected to boost Capgemini’s earnings per share (EPS) by 4% in 2026 and 7% by 2027.

    Wider Market Impact

    The acquisition signals consolidation in the BPM and IT services space. Industry analysts note that integrating AI may threaten traditional BPO models even as it offers higher value in intelligent automation. The merged entity will also improve Capgemini’s competitive edge over rivals like Accenture and the Big 4 consultancy firms.

    Next Steps

    Subject to approvals from Jersey’s Royal Court, WNS shareholders, and global regulators, the deal is expected to be completed by late 2025. Upon completion, WNS shares will be delisted from the NYSE, and the firm will be integrated into Capgemini’s Global Business Services division.

    Conclusion

    The Capgemini-WNS merger reflects a clear shift toward AI‑driven BPM services. By combining domain‑deep WNS with Capgemini’s global scale and AI investments, the new entity aims to lead in Intelligent Operations. As the industry braces for further automation, this deal may redefine competitiveness across IT and consulting.

    Capgemini Success Story | Business Model | Logo | Revenue Model
    Capgemini is a French multinational company headquartered in Paris, France. The founder of the company is Serge Kampf. Know more about the business model, revenue model, etc.
    StartupTalkyPurbalee Dutta

  • Sai Parenterals Secures INR 50 Crore Equity Investment from Marquee Investors

    Sai Parenterals Limited is pleased to announce the successful completion of an INR 50 crore equity investment round by a group of marquee investors. The capital will support the company’s growth plans for establishing its international footprint as it pursues its vision to become a global pharmaceutical company.

    Samarsh Capital, Vyom Partners, and funds associated with Blue Lotus Capital led the fundraising round. 

    Mr. Anil Karusala, Managing Director of Sai Parenterals, remarked:

    We are working diligently to build a world-class pharmaceutical company that adheres to the highest global standards and practices. This equity infusion will allow us to acquire high-potential international assets and intellectual property in regulated markets, expand our product portfolio and geographical presence, and enhance our manufacturing capabilities. We are honoured by the confidence of such professional investors in our company’s strategy and future.

    Mr. Sandeep Shenoy, Managing Partner of Samarsh Capital, commented:

    Our investment in Sai Parenterals reflects our confidence in its solid fundamentals, scalable model, and potential to achieve strong growth in the global pharmaceutical sector. Under the visionary leadership of Anil, we expect Sai Parenterals to emerge as a leader in its segment.

    Mr. Prashant Khanchandani of Vyom Partners added:

    Sai Parenterals’ leadership has demonstrated a future-ready approach by building a capital-efficient and scalable business. Their success in integrating acquisitions and subsequently expanding internationally in the formulations and CDMO segments is commendable.

    Mr. Harikrishnan S, Managing Partner of Blue Lotus Capital stated:

    “Our second round of investment reflects our strong conviction in Sai Parenterals’ science-driven culture and scalable manufacturing platform. By partnering with a formidable player in sterile injectables, we aim to accelerate affordable, high-quality healthcare solutions for global markets while delivering sustained value to the investors.”

    About Sai Parenterals

    Sai Parenterals Limited is an Indian pharmaceutical company with a proven track record in the formulation segment. The company operates across the pharmaceutical value chain, including research & development (R&D), manufacturing, regulatory compliance, marketing, and exports.

    With two strategic business verticals—Branded Export Formulations and Contract Development & Manufacturing Organization (CDMO) Services, Sai Parenterals focuses on delivering value-added drug formulations. The company has built a diverse portfolio across dosage forms, including injectables, oral solids and liquids, and topical preparations.

    The company operates five facilities in India, of which some are approved by TGA Australia, GCC, SAPRA and WHO GMP, supporting a growing presence in both domestic and key international markets.