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Apple Inc. Establishes First R&D Subsidiary in India!
In a landmark move, Apple Inc. has established its first wholly owned research and development (R&D) subsidiary in India, named Apple Operations India. This significant development marks the first time the tech giant has set up a direct R&D entity in the country, signaling its intent to deepen its involvement in product development activities, including research, design, and testing.
Strategic Importance of the New Subsidiary
According to a regulatory filing with the Registrar of Companies (RoC), Apple Operations India will focus on several key activities to support Apple’s global operations. These include:
- Procurement of Engineering Equipment: The subsidiary will acquire necessary tools and technology to facilitate R&D activities.
- Leasing Facilities: Apple plans to establish dedicated spaces for its engineering teams.
- Employment of Engineers: The company aims to hire specialized engineers for hardware development.
- Conducting Failure Analysis: This will help improve product reliability and performance across Apple’s product lines.
Apple has also issued a “letter of comfort” to assure operational and financial support for the subsidiary “for the foreseeable future,” indicating a strong commitment to its Indian operations.
Enhancing Apple’s Presence in India
Historically, Apple’s sales and marketing operations in India have been managed through Apple India, which is part of its European operations and owned by Ireland-based Apple Operations International. The establishment of Apple Operations India represents a shift towards more localized control over R&D processes, which were previously concentrated in the U.S., China, Germany, and Israel.
This new venture aligns with Apple’s broader strategy to enhance its presence in one of the world’s fastest-growing markets. With India’s vast pool of skilled engineers and researchers, Apple aims to leverage local talent to drive innovation and product development.
Supporting Manufacturing Operations
In addition to its R&D functions, Apple Operations India will play a crucial role in supporting Apple’s manufacturing operations within the country. While Apple’s products are primarily manufactured by third-party contractors, this subsidiary will provide essential resources such as hardware and software support to these partners. This move not only strengthens Apple’s manufacturing capabilities but also contributes to India’s growing role in Apple’s global supply chain.
Broader Context and Future Prospects
The establishment of this subsidiary comes at a time when Apple is actively diversifying its production away from China due to geopolitical tensions and supply chain vulnerabilities. Recent reports indicate that Apple plans to open four new retail stores in India, expanding its footprint beyond assembly and sales. The company has already witnessed record-breaking revenue growth in India, further underscoring the importance of this market.
Industry experts view this development as a testament to Apple’s long-term commitment to investing in India. With approximately 14% of Apple’s overall production now linked to Indian operations, the new R&D initiatives are expected to enhance product localization efforts and innovation capabilities.
Conclusion
Apple Operations India’s establishment marks a pivotal moment for the company as it seeks to deepen its engagement with the Indian market. By investing in local R&D capabilities, Apple is not only positioning itself for future growth but also contributing significantly to India’s technological landscape. As the country continues to emerge as a global hub for technology and innovation, Apple’s investments are poised to play a crucial role in shaping its economic future.
Home services startup Pronto is in advanced talks to raise about $25 million at a near-$100 million valuation, underscoring strong investor confidence in India’s fast-growing 10-minute home services market. This potential round would be the company’s third major funding milestone after its $2 million seed and $11 million Series A in 2025, backed by marquee investors such as General Catalyst, Glade Brook Capital, Bain Capital and new participant Epiq Capital. The fresh capital is expected to further strengthen Pronto’s positioning as a leading tech-led household help platform for urban consumers.
Pronto operates a 10-minute on-demand home-services platform that connects users with trained, background-verified workers for everyday tasks like sweeping, mopping, utensil cleaning, laundry and basic cooking. Using a hub-and-spoke, shift-based model, the startup stations workers at hyperlocal hubs, enabling sub-10-minute fulfilment and more predictable earnings compared to the informal domestic-help market. Founded in 2024 by Anjali Sardana and based in Delhi NCR, Pronto has already expanded from Gurugram into major cities such as New Delhi, Mumbai, Bengaluru and Pune, and is handling around 6,000 daily bookings with nearly 1,300 active professionals as of December 2025.
The upcoming $25 million fundraise is expected to be used to enter more metros, deepen presence in existing neighbourhoods with additional hubs and upgrade Pronto’s technology for smarter routing, shift planning and real-time operations. A significant portion of the capital will also go into training, retention and benefits for its workforce to maintain consistent service quality at scale, especially as competition heats up from rivals like Snabbit and Urban Company in the rapid home services space. This near-$100 million valuation not only validates Pronto’s model but also highlights a broader shift toward organised, tech-driven domestic-help solutions in India’s largely informal home-services market.
Bhavish Aggarwal has sold Ola Electric shares worth about ₹325 crore over three consecutive trading sessions, primarily to fully repay a promoter-level loan of ₹260 crore and release all pledged promoter shares. Despite the stake sale, he continues to hold a significant shareholding of over 34 percent in Ola Electric, and the company has clearly stated that there is no change in promoter control or his long-term commitment to the business. This one-time, limited monetisation at the promoter’s personal level is positioned as a structural clean-up rather than a signal of reduced confidence in the company.
The transactions, executed through open-market bulk deals, included an initial sale of about 2.6 crore shares worth roughly ₹92 crore at an average price of ₹34.99 per share, followed by additional trades of around ₹142 crore and ₹90 crore, taking the total sale value to approximately ₹324–325 crore. As a result, Aggarwal’s stake has fallen by a little over 2 percent, while all previously pledged promoter shares about 3.93 percent of Ola Electric’s equity are being released, removing the overhang and risk typically associated with pledged stock. The company has also clarified that these deals do not involve any capital raise or dilution by Ola Electric itself, which is important for investors tracking promoter stake and governance.
The share sale came at a time when Ola Electric’s stock had been under pressure, even hitting an all-time closing low amid concerns around growth, competition and heavy promoter selling. However, once the company confirmed that the stake sale was complete and all promoter-level pledges would be cleared, the stock rebounded sharply, gaining around 9–10 percent as markets welcomed the removal of this technical overhang. For investors, the focus is now expected to shift back to Ola Electric’s core fundamentals EV sales growth, margins, and market-share performance in India’s two-wheeler EV segment while the reduced promoter debt risk and continued high promoter holding offer some comfort on long-term alignment.
Kuku FM’s parent company, Mebigo Labs, has hired leading investment banks to prepare for a 200 million dollar IPO in India, marking a major milestone for the country’s digital audio ecosystem. The Mumbai-based company has reportedly appointed Kotak Mahindra Capital, Axis Bank and Morgan Stanley’s India unit to manage the proposed share sale, which is likely to be launched on Indian stock exchanges once key regulatory steps are completed. This move signals strong intent to tap public markets and test investor appetite for subscription-led regional audio platforms in India.
The planned IPO proceeds are expected to help Kuku FM expand its content library, strengthen its regional language offerings and invest in technology to enhance user experience. With a focus on Hindi, Marathi, Tamil and other Indian languages, Kuku FM aims to capture the fast-growing audience in Tier 2 and Tier 3 cities seeking affordable audiobooks, courses and storytelling content. The funds could also provide additional firepower for marketing, partnerships and product innovation, helping the platform compete more aggressively in India’s crowded digital entertainment and creator economy landscape.
Founded in 2018, Kuku FM has built a subscription-driven business model and has reportedly scaled to millions of paying users, backed by multiple funding rounds from prominent investors. Its decision to pursue a 200 million dollar IPO positions it as one of the first major Indian audio platforms to attempt a public listing, potentially paving the way for other podcast and niche content startups to follow. As the IPO process moves forward, Kuku FM’s performance in the public markets will be closely watched as a key indicator of how investors value regional, knowledge-first audio platforms in India’s booming digital economy.
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