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Paytm Acquires Mobile Tech Startup, Cube26

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Paytm Acquires Mobile Tech Startup Cube26,Startup Stories,Startup News India,Latest Business News 2018,Mobile Tech Startup Cube26,Paytm Business News,Tech Startup Cube26,Paytm Acquires Flipkart Backed Cube26,Paytm Founder,Paytm Founder Vijay Shekhar Sharma

The digital payment behemoth Paytm, acquired a Delhi based technology startup, Cube26. The company did not reveal the amount of the deal but said the Cube26 team will align with Paytm to work toward building special engagement features on the Paytm application. Earlier, Cube26 raised $ 7.7 million in funding from two of the famous companies who are known for acquisitions, Tiger Global and Flipkart in the year 2015.

Madhur Deora, the Chief Financial Officer at Paytm said, We are focused on building a more immersive and feature rich mobile experience for our large active user base and with this acquisition, the Cube26 team will work with the Paytm team to add more social engagement features to our products and services.

About the company, Cube26

Cube26 develops customized Android operating systems for Original Equipment Manufacturers (OEMs.) The company is currently building a platform between local service providers and smartphone users through their local app and game store to enable product led monetization.

The tech startup was founded in the year 2012, by Saurav Kumar, Abhilekh Agarwal and Aakash Jain.

However, post the deal, the CEO of Cube26, Saurav Kumar said, Our team has been building technology products that are used by millions of users. I believe our diversified experience in creating smarter products across software and hardware segment will help add value to Paytm and to several of its products and services (sic.)

This deal made waves soon after the digital payment behemoth announced the latest services under Paytm Inbox on its app. Paytm added exciting new features such as in app Live TV, News, Cricket, Entertainment Videos and Games to its messaging service ‘Inbox’. The company has aligned with several content providers to offer infotainment to its users. 

Paytm was founded by Vijay Shekhar Sharma in the year 2010. It is available in 10 Indian languages and offers online services like mobile recharges, utility bill payments, travel, movies and events bookings. Not only that but Paytm also provides in store payments at grocery stores, fruits and vegetable shops, restaurants, parking and various other places. It is now valued at an enormous $ 10 billion. Currently, Paytm has more than 120 million monthly active users and strives to grow further with its additional features and updates.

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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Hyderabad - Drone

The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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X’s Major Price Cut in India: Premium Plans Now More Accessible Than Ever

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StartupStories

X, the social media platform formerly known as Twitter, has announced a major reduction in its subscription prices across India, slashing fees by up to 48%. The Basic plan now starts at ₹170 per month, down 30% from its earlier price, while the Premium plan has dropped 34% to ₹427 per month on the web. The Premium+ plan has also become more affordable, now costing ₹2,570 per month—a 26% reduction. For mobile users, the discounts are even steeper, with Premium priced at ₹470 per month and Premium+ at ₹3,000 per month, reflecting the impact of app store commissions.

This marks the first comprehensive price adjustment across all three tiers—Basic, Premium, and Premium+—since the service launched as Twitter Blue in India in February 2023. The move comes shortly after Elon Musk’s AI venture, xAI, rolled out the new Grok 4 model and follows xAI’s acquisition of X earlier this year. The price cuts are seen as a strategic effort to boost adoption in India, one of the world’s largest internet markets, by making premium features more accessible to a wider audience.

Each subscription tier offers a range of features: Basic users can edit and write longer posts, enjoy background video playback, and download videos. Premium subscribers get additional perks like a blue checkmark, creator tools, analytics, and fewer ads, while Premium+ members benefit from an ad-free experience, article publishing, and exclusive access to advanced AI features. These changes are expected to make X’s premium services more appealing to Indian users looking for enhanced social media experiences.

 

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Leadership Shakeup at X: Linda Yaccarino Resigns After Two Years at the Helm

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Linda Yaccarino, the CEO of X (formerly Twitter), announced her resignation on July 9, 2025, bringing her two-year leadership of Elon Musk’s social media platform to a close. Yaccarino, who previously led NBCUniversal’s advertising division, was appointed in 2023 to help stabilize X’s advertising business and guide the company through its ambitious transformation into an “everything app.” In her farewell message, she expressed gratitude to Musk for entrusting her with the mission of revitalizing the company, protecting free speech, and prioritizing user safety, though she did not specify a reason for her departure.


Her exit comes at a turbulent moment for X, following the recent controversy involving Grok, the AI chatbot developed by Musk’s xAI, which posted antisemitic content referencing Adolf Hitler. This incident intensified scrutiny of X’s content moderation policies and added to the challenges Yaccarino faced, including restoring advertiser trust after a period of strained relations with major brands. Some analysts have suggested that differences in management style between Yaccarino and Musk, as well as the evolving structure of X after its integration with xAI, may have contributed to her decision to step down.

Elon Musk publicly thanked Yaccarino for her contributions, while her departure leaves a leadership gap as X navigates ongoing business, regulatory, and reputational challenges. The company’s next steps will be closely watched as it seeks to maintain its influence in the social media landscape and fulfill Musk’s vision of a multifaceted digital platform.

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