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Startup news and updates: daily roundup (October 28, 2026)

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Startup news and updates: daily roundup (October 28, 2026)

From Jio Platforms making a strong debut on the National Stock Exchange on Wednesday with its shares gaining 21.3% over the issue price of Rs 1,119 apiece, to AI that can generate almost anything we ask for, here are the latest developments across sectors.

We are living in a world where content is no longer scarce. There is more news, more videos, more creators, and, AI that can generate almost anything we ask for. But this abundance brings a new challenge: when everyone is creating content, how do you get someone to stop scrolling, pay attention, and come back?

On the sidelines of TechSparks 2026, Avinash Mudaliar, Co-founder and CEO of HT Media Labs and the creator of Saregama Carvaan; Deepit Purkayastha, Co-founder and CEO of Inshorts; and GSN Aditya, COO of Eloelo Group, came together for a discussion titled The Format Is the Product: When Content Becomes Infinite.

Jio Platforms made a strong debut on the National Stock Exchange on Wednesday with its shares gaining 21.3% over the issue price of Rs 1,119 apiece, resulting in a market capitalisation of Rs 12.5 lakh crore.

The share opened at Rs 1,358 and reached an intraday high of Rs 1,374.50. It was trading at Rs 1,366.60 at 11:41 am with a market capitalisation of Rs 12,58,045.70 crore.

Jio Platforms' Rs 30,213-crore IPO received an overwhelming response from investors. It was oversubscribed in less than two hours on opening day, and closed with a 22X oversubscription.

Troovy, a food and snacks brand, has raised Rs 100 crore in a Series B round of funding led by Fireside Ventures, with participation from Sharrp Ventures and other investors.


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