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Startup news and updates: daily roundup (October 21, 2026)

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Startup news and updates: daily roundup (October 21, 2026)

Companies from the startup ecosystem continue to show strong performance as listed firms, YourStory brings you today’s headlines with the latest developments across sectors.

Eternal, the parent company of Zomato and Blinkit, reported a 92.3% year-on-year (YoY) rise in net profit in the second quarter of FY27, while revenue grew 78% YoY. However, the company missed analysts’ estimates, which had projected a net profit of Rs 250 crore. Eternal’s net profit for the second quarter of FY27 stood at Rs 125 crore, compared with Rs 65 crore in the same period a year ago. Revenue rose to Rs 24,138 crore from Rs 13,590 crore in the corresponding quarter of the previous fiscal year.

Jio Platforms’ initial public offering (IPO) was oversubscribed in the qualified institutional buyers (QIB) category within two hours of opening on Wednesday, signalling strong demand from institutional investors.

At TechSparks 2026, actor and theatre artist Prakash Belawadi reflected on AI’s impact on creativity and jobs, urging people to reconnect with their inner artist and find purpose beyond what technology can replace.

Vectorial, an AI startup developing human behaviour simulation technology, has raised $3 million in a funding round led by SenseAI Ventures. The round also saw participation from Smilegate, Berkeley SkyDeck, Berkeley AI Research Lab, Dent Capital, Motus Ventures, SUM Ventures and strategic investors. 5 million people globally, including 500,000 in India, and conducted over 30,000 simulations. Its SAPIENS model uses demographic, psychological and behavioural data to predict how consumers may respond to digital products and experiences.



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