Hello,
Big Tech faces fresh regulatory shocks in China, even as AI and quick-commerce investments accelerate across Asia.
China has ordered Meta to unwind its acquisition of AI startup Manus, a move that underscores tightening regulatory control over foreign tech deals and the growing sensitivity around advanced AI capabilities.
The decision reverses a December agreement and adds new uncertainty for cross-border AI investments, particularly as Manus had been developing autonomous AI agents with strong commercial potential.
Meanwhile, in India, Amazon is making one of its most aggressive pushes yet into the quick commerce space. The company is planning to expand its “Amazon Now” service to 100 cities and build over 1,000 micro-fulfillment centres, supported by an investment of more than Rs 2,800 crore. The expansion signals intensifying competition in India’s rapidly evolving quick-commerce market.
And in South Korea, Google is deepening its AI footprint through a new partnership to establish an AI campus in Seoul. The initiative, backed by a formal memorandum with government agencies, aims to strengthen collaboration between Google DeepMind, local engineers, and startups as the country positions itself as a regional AI hub.
In today’s newsletter, we will talk about
- Young leaders push inclusive urban mobility
- Capital-A raises Rs 160 Cr for Fund II
Here’s your trivia for today: Where was India’s first satellite, Aryabhata, launched from?
Social Impact
Young leaders push inclusive urban mobility
As Indian cities grow, the question of who urban mobility systems truly serve is gaining urgency. For many, especially women and persons with disabilities, navigating public spaces remains difficult. Youth-led initiatives like the Mobility Champions Program by YLAC are bringing lived experiences into the conversation, empowering young people to shape more inclusive and accessible cities.
Urban changemakers:
- YLAC’s Mobility Champions Program trains students and young professionals to engage with real-world urban mobility challenges, ranging from accessibility and safety to sustainable transport, through hands-on projects, campaigns, and research.
- Fellows conduct accessibility audits, surveys, and awareness campaigns, working with partner organisations and local stakeholders. Their efforts have already influenced tangible changes, such as improved campus accessibility and advocacy for inclusive public transport.
- Beyond short-term projects, the programme fosters deeper civic participation. Alumni continue to contribute to policy, urban planning, and social impact sectors, creating a pipeline of young leaders committed to inclusive urban development.
Venture Capital
Capital-A raises Rs 160 Cr for Fund II
Venture capital firm Capital-A has marked the first close of its second fund, raising Rs 160 crore to back early-stage manufacturing and deeptech startups in India. The move reflects growing investor interest in sectors tied to industrial innovation and supply chain shifts.
Key takeaways:
- The fund is targeting Rs 300 crore, with a greenshoe option up to Rs 400 crore, and has drawn backing from family offices, HNIs, industrialists, and corporate leaders.
- Investments will span sectors like advanced manufacturing, AI, robotics, semiconductors, and aerospace—aligned with shifting global supply chains and growing domestic capabilities.
- Capital-A plans to invest in 15–18 startups and has already backed seven companies, with more deals in advanced stages, signalling strong early momentum.
News & updates
- Job cuts: Meta and Microsoft are planning job cuts and buyouts that could impact up to 23,000 roles as both companies streamline operations and manage rising AI-related costs. Meta said in an internal memo it will cut about 10% of its workforce, or roughly 8,000 employees, starting May 20, and will not fill around 6,000 open positions.
- Spotify: After expanding into podcasts, audiobooks, video, etc., Spotify has announced its next category: fitness content. The company is moving from being a source of workout playlists to hosting workouts themselves, partnering with wellness creators and exercise equipment maker Peloton.
Where was India’s first satellite, Aryabhata, launched from?
Answer: The Soviet Union
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