🆕 The IITM Unicorn Frontier Fund-I, launched by IIT Madras, IIT Madras Research Park and Unicorn India Ventures, has raised Rs 450 crore in its first close and deployed nearly Rs 55 crore across four deeptech startups.

💵 The fund has a target corpus of Rs 1,000 crore including a Rs 400 crore greenshoe option. 💵 It achieved its first close within three months of receiving approval from Sebi, Bhaskar Majumdar, managing partner, Unicorn India Ventures told ET.

🆕 Infosys plans to move a quarter to a third of its workforce into specialist roles and build a team of around 6,000 frontier engineers, said people who attended a recent company event where it briefed them on the plan.

With more than 320,000 employees on its payroll and AI disrupting the billing rates based on the number of employees deployed on a project, the company acknowledged that the headcount-led rate model was under pressure, three analysts separately told ET.

🤖AI agents are coming for online shopping. From booking restaurants and finding insurance deals to placing orders, personal AI assistants could increasingly make decisions and transactions on behalf of consumers.

Companies ranging from ecommerce platforms and online travel agencies to insurance marketplaces have started rethinking product pricing, customer engagement costs as well as bot verification techniques to manage AI agents that operate with a degree of autonomy, experts told ET.

💵JSW One Platforms has filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial public offering of up to Rs 3,054 crore, comprising a fresh issue of Rs 1,300 crore and an offer for sale of up to Rs 1,754 crore.

The company plans to invest Rs 500 crore in its non-banking financial company JSW One Finance. It will use Rs 350 crore for technology and platform development and Rs 125 crore for marketing and brand-building through subsidiary JSW One Distribution.

🆕The US government has decided to step into Elon Musk’s legal fight against the European Union over a €120 million ($137 million approx) fine imposed on his social media platform X.

The cases challenge a European Commission decision from December 2025 that found X and related entities liable for violations of the bloc’s Digital Services Act (DSA), which became fully applicable to all online services operating in the EU in February 2024.

🆕 ETtech #DealsDigest | Indian startups raised $110 million across 17 rounds during the week, up more than sevenfold from $15.6 million in the previous week, according to data intelligence platform Tracxn.

The increase was driven by Ultraviolette, which accounted for more than three-fourths of the capital raised during the week.