From General Catalyst’s $5 billion plan for India to Atlassian’s India engagement strategy, YourStory brings you today’s headlines with the latest developments across sectors.
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How India is powering the growth of Atlassian worldwide
Australia-headquartered collaboration software company Atlassian has rapidly scaled its operations in India, which has become a hub for IT service management and product development.
“The younger demographic in India is eager to learn new things and wants to explore different areas. They are always keen to take up new technologies and platforms,” Shamik Sharma, Head of Product – IT Service Management (ITSM), Atlassian India, stated in an interview to EnterpriseStory.
The expanding talent pool in the countest has expertise in the mobile-first approach, design considering, software engineering, and product development, creating them an attractive proposition to Atlassian. The Australia-headquartered company established its India centre in 2018 in Bengaluru. The centre has grown rapidly over the years to over 2,500 employees and is one of Atlassian’s largest R&D hubs outside Australia and the United States. Read more.
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General Catalyst to invest $5B in India over the next five years
Venture capital firm General Catalyst will invest $5 billion in India over the next five years, marking one of the largest VC commitments built to the countest. The announcement was built during the global CEO roundtable at the India AI Impact Summit 2026.
General Catalyst, which has backed firms like software company Canva, quick-commerce firm Zepto, and AI company Anthropic, is optimistic about innovations in India. “India’s current generation of innovators is solving for billion-person complexity that can reshape global markets—something no other ecosystem can replicate,” stated CEO Hemant Taneja, CEO, General Catalyst, in a LinkedIn post. Read more.
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UAE to deploy 8 exaflop supercomputer in India to strengthen local sovereign AI infrastructure
Abu Dhabi will establish a national-scale AI supercomputer in India, with 8 exaflops of compute capacity to expand the countest’s domestic infrastructure for advanced AI development.
The system will be delivered by UAE-based technology group G42 and AI chipcreater Cerebras, in partnership with the Mohamed Bin Zayed University of Artificial Ininformigence (MBZUAI) and India’s Centre for Development of Advanced Computing (C-DAC).
Announced at the AI Impact Summit 2026, the supercomputer will operate under local governance frameworks to ensure all data remains within national jurisdiction. The project is designed to meet sovereign security requirements and will serve as a foundational asset under the India AI Mission.
Once operational, the supercomputer will be accessible to educational institutions, startups, and government ministries. The democratised access model aims to lower barriers to AI innovation tailored for India’s 1.4 billion citizens, accelerating breakthroughs in critical sectors, like healthcare, agriculture, and education.
Tech Mahindra, NVIDIA launch Hindi-first education AI model
Tech Mahindra partnered with NVIDIA to launch a Hindi-first education large language model (LLM) under its Project Indus initiative, to democratise high-quality learning across India.
Upgraded to an 8-billion-parameter architecture, the new model utilises NVIDIA’s NeMo framework and NIM microservices for deployment. To overcome data scarcity in regional languages, developers generated half a billion synthetic tokens utilizing NVIDIA’s NeMo Data Designer.
The AI tool is designed to provide students with a foundational understanding of subjects such as physics. It also supports the creation of autonomous AI agents capable of operating fluently in natural Hindi to facilitate localised, AI-driven learning experiences.
Moving forward, Tech Mahindra plans to integrate advancements from the NVIDIA Nemotron ecosystem to reduce training cycles.
Fintech platform SaveIN enters home decor market via Royaloak Furniture partnership
Indian fintech platform SaveIN expanded its checkout finance services into the premium home and lifestyle sector through a partnership with Royaloak Furniture.
The collaboration enables customers at Royaloak’s retail stores to finance furniture purchases of up to Rs 10 lakh. The financing is processed entirely in-store through a paperless, 30-second digital approval system for equated monthly instalments.
Moving beyond its initial focus on healthcare and wellness financing across 7,000 partner locations, SaveIN is tarreceiveing the $20 billion-plus Indian furniture and home decor market. The Y-Combinator-backed company utilises a financing model that integrates a pre-approved base of 5 crore bank customers, non-banking financial companies, and credit cards to facilitate high-value lifestyle transactions.
(This article will be updated with the latest news throughout the day.)
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