Sundar Pichai, Scott Hoffman, Valerie Nygaard, Rishi Chandra, Anil Sabharwal and Dave Burke among others delivered keynote speech’s on 17th May at 10 A.M., PST at the Google I/O 17 Conference. The Keynote laid out the roadmap for the company’s various products including Android, Google Assistant, Virtual Reality, Artificial Intelligence and Google Home.
Google Assistant that was launched last year took center stage yesterday, with the announcement of the assistant now being available on iPhone devices as well, which will be made available from versions 9.1 and above.The Google Assistant SDK also allows developers to integrate the Assistant into all kinds of devices. It will also be able to schedule appointments, see visual responses through Chromecast, make hands-free calls and add reminders through Google Home along with playing audio via Bluetooth through your Android or iOS devices. The Assistant will be available in Brazilian Portuguese, Japanese, French and German. Also, Google Home will also be able to make free calls to the United States and Canada. It will also be able to control HBO Now, Hulu, SoundCloud and more along with integrating Google Assistant and Chromecast to obey commands.
Sundar Pichai also launched a new feature called Google Lens that can recognize objects simply by pointing the smartphone’s camera at them.Google Photos also got a slew of updates from being able to remove obstacles in the picture to suggested sharing and shared libraries. The app can now recommend the user to share pictures with people it recognizes to be present in the photo as well as collectively add images to a central connection more easily. Google also allows users to directly create photo books on their smartphones.
With Google Lens, your smartphone camera won’t just see what you see, but will also understand what you see to help you take action. #io17pic.twitter.com/viOmWFjqk1
Our new #Tango-enabled Visual Positioning Service helps mobile devices quickly and accurately understand their location indoors. #io17pic.twitter.com/1pYlCGM8eg
Expeditions AR brings the world into the classroom so students can engage with digital objects in a shared, immersive environment. #io17pic.twitter.com/Yxq5QUaDKS
The highly awaited Android O took a back seat at the conference although a lot of new features were announced in the developer’s preview.A few key features of Android O include the ability to multitask, Picture in Picture, Notification Dots, Smart Text Choice, Autofill, Vitals and Wifi Awareness.
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Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.
Key Reasons for Delay
Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).
Boosting Domestic Shareholding
Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.
Financial and Operational Updates
Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.
Outlook
Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.
Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.
Sandeep Nailwal, co-founder of Polygon, has been appointed as the first CEO of the Polygon Foundation, marking a shift from decentralized governance to focused leadership. This change aims to provide clear direction and accelerate Polygon’s growth in the competitive blockchain space.
Under Nailwal’s leadership, Polygon will discontinue its zkEVM network in 2026 to concentrate on the Polygon PoS chain and AggLayer, a new cross-chain liquidity protocol. Significant upgrades to the Polygon PoS chain are planned, starting with the Bhilai upgrade in July 2025, to enhance transaction capacity and support large-scale financial applications.
Polygon enters this new phase with a strong financial position, enabling long-term development without fundraising pressures. While Nailwal leads the Foundation, Marc Boiron continues as CEO of Polygon Labs. This leadership restructuring aims to drive innovation and reinforce Polygon’s position in Ethereum scaling and the Web3 ecosystem.
Wow! Momo, the Kolkata-based quick-service restaurant (QSR) chain, has secured ₹85 crore (approximately $9.9 million) in debt funding from Stride Ventures, aiming to accelerate its omnichannel expansion and strengthen its presence across India. The company, which operates over 700 outlets in more than 70 cities, plans to utilize the funds to open additional dine-in restaurants, expand its packaged food (FMCG) vertical, and enhance its delivery and supply chain operations. This strategic move will also help refinance existing loans and fuel Wow! Momo’s push into new markets and product categories.
Founded in 2008, Wow! Momo has rapidly diversified its offerings, launching brands such as Wow! China, Wow! Chicken, and Wow! Kulfi, and recently entering the frozen foods segment with quick commerce and retail distribution. The company is targeting a footprint of over 1,500 stores across more than 100 cities within the next three years and aims to grow its FMCG business to ₹100 crore while ramping up its HORECA (Hotel, Restaurant, and Catering) segment. The leadership team views this debt infusion as pivotal for scaling new formats, driving innovation, and building brands that resonate with Indian consumers.
Stride Ventures, known for backing high-growth startups, emphasized Wow! Momo’s strong brand recall, robust business model, and relentless innovation as key reasons for their investment. With this funding, Wow! Momo is well-positioned to further solidify its status as a category-defining player in India’s QSR and FMCG sectors, while preparing for larger equity rounds and a potential IPO in the coming years.
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