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Apple Inc. Establishes First R&D Subsidiary in India!

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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.

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Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

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Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions. 

CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.

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Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

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Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.

Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.

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Setu Builds Fintech Powerhouse Leadership Team as Pine Labs IPO Nears

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Pine Labs

Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.

Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.

This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

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