Startup News 2026: Debt-Free API Holdings, Quantum Chip Foundry by QpiAI

30 SEC SUMMARY

Stay ahead with the latest startup news in 2026: API Holdings repays Rs 1,050 Cr and turns debt-free, QpiAI inaugurates Asia’s largest quantum chip foundry, and Swiggy launches Guru, a 24x7 AI assistant for restaurant partners.

TABLE OF CONTENTS

1. API Holdings Turns Debt-Free
2. QpiAI Opens Quantum Chip Foundry
3. Swiggy Launches 24x7 AI Assistant Guru
4. Per Annum AUM Rises Over 400%
5. Aum Ventures Launches DeepSpark 2.0
6. VSURE Investment Affairs Crosses Rs 300 Cr Portfolio Exposure
7. Atravelq Raises Funding from Individual Investors
8. Snabbit Appoints Pradeep Yadav as Head of Operations
9. Paramotor Partners with NSDL Payments Bank
10. Cognizant Launches Talent Accelerator for 489 Graduates
11. Sarvam BuildIn’ Hours Showcases AI Projects
12. Ather Expands 450X Range in Nepal
13. Voltas, Atomberg Plan AC Compressor Joint Venture
14. Superhealth Appoints Dalvir Singh Suri as Head of Operations
15. ShepHertz Launches Sovereign Agentic AI Platform AgentAnywhere

KEY HIGHLIGHTS

• API Holdings repays Rs 1,050 Cr and turns debt-free
• QpiAI inaugurates Asia’s largest quantum chip foundry
• Swiggy launches Guru, a 24x7 AI assistant for restaurant partners

API Holdings Turns Debt-Free

Digital healthcare platform API Holdings, the parent company of businesses such as PharmEasy, Thyrocare, and Docon, has turned debt-free following the repayment of outstanding debts worth Rs 1,050 crore. This was funded through proceeds from a recent sale of a portion of its stake in Thyrocare Technologies and internal accruals. API Holdings' debt-free status marks a significant milestone in its financial health and operational stability.

QpiAI Opens Quantum Chip Foundry

Quantum computing startup QpiAI has inaugurated an eight-inch quantum processing unit manufacturing facility at Jakkur in Bengaluru. The company said the second phase of the facility, described as a quantum foundry, has been completed. It can fabricate flip-chip superconducting processors with up to 128 qubits. This state-of-the-art facility positions QpiAI as a leader in the quantum computing industry, targeting the development of 10,000-qubit processors.

Swiggy Launches 24x7 AI Assistant Guru

Swiggy has launched Guru, a 24x7 AI Business Partner designed to help restaurant partners make data-driven decisions, optimize sales funnels, and resolve operational queries through a conversational interface. Available in more than 20 vernacular languages, including Hindi, Kannada, and Telugu, Guru enables restaurants to manage advertising and discount campaigns and access detailed payout information, including tax reports and summaries.

Per Annum AUM Rises Over 400%

Technology-led wealth platform Per Annum has grown its assets under management from around Rs 360 crore to more than Rs 1,400 crore over the past 12 months, representing growth of over 400%. Around Rs 670 crore of its current AUM comes from peer-to-peer lending, its original business, while approximately Rs 740 crore is contributed by Estates, its fractional real estate platform launched in early 2025. The company said the two businesses have helped create a diversified investment platform.

Aum Ventures Launches DeepSpark 2.0

Early-stage venture capital firm Aum Ventures has launched the second edition of India DeepSpark, its initiative to identify and back the next generation of Indian DeepTech founders. DeepSpark 2.0 is inviting applications from startups developing technologies across SpaceTech, semiconductors, DefenceTech, AI, robotics, quantum computing, energy, advanced manufacturing, and other frontier sectors. Selected startups can receive up to $1 million in investment, along with strategic and financial mentorship, investor-readiness support, and access to Aum Ventures’ networks across the US, Israel, and the Middle East.

VSURE Investment Affairs Crosses Rs 300 Cr Portfolio Exposure

VSURE Investment Affairs has crossed Rs 300 crore in portfolio value exposure across more than 40 startups and small and medium enterprises. The firm has also facilitated over Rs 125 crore in capital and built relationships with more than 150 investors. Its portfolio includes five companies that have appeared on Shark Tank India and three companies preparing for SME initial public offerings.

Atravelq Raises Funding from Individual Investors

Chandigarh-based personalized international travel company Atravelq has raised an undisclosed amount of funding from individual investors. The company said the fresh capital will be used to strengthen its technology, enhance customer experience, expand its destination portfolio, and improve operations across selected growth markets in India.

Snabbit Appoints Pradeep Yadav as Head of Operations

Quick home services platform Snabbit has appointed Pradeep Yadav as its Head of Operations as the company strengthens its leadership team for its next phase of growth. Yadav brings 15 years of experience spanning supply chain, operations, and consumer internet businesses.

Paramotor Partners with NSDL Payments Bank

Financial technology company Paramotor Digital Technology has entered into a co-branded partnership agreement with NSDL Payments Bank to issue prepaid cards across India. The partnership is expected to strengthen Paramotor’s SpendPro consumer spend management platform, Yayyy.shop digital gifting platform, and RewardOn rewards and loyalty offering.

Cognizant Launches Talent Accelerator for 489 Graduates

Cognizant has launched its Talent Accelerator programme with 489 newly hired graduates from 58 business schools across 37 Indian cities. The cohort includes graduates from institutions such as IIM Bangalore, IIM Kozhikode, IIM Lucknow, ISB Hyderabad, SPJIMR Mumbai, FMS Delhi, and XLRI Jamshedpur. The two-week immersive onboarding programme is being conducted across Cognizant facilities in Chennai, Bengaluru, Hyderabad, and Pune.

Sarvam BuildIn’ Hours Showcases AI Projects

Zo House hosted Sarvam BuildIn’ Hours, Sarvam AI’s 12-hour in-person hackathon, along with the Bengaluru leg of Elevation Capital’s Basecamp Week. Selected developers built projects across four tracks—Voice AI, Document Intelligence, Multilingual AI, and AI Agents—using the Sarvam technology stack. Participants received Rs 5,000 in Sarvam credits and mentorship from professionals across Sarvam AI, IBM, Qdrant, Razorpay, and Google for Startups Accelerator.

Ather Expands 450X Range in Nepal

Electric scooter maker Ather Energy has introduced its new 450X Overtones Series in Nepal, expanding its product portfolio in the company’s first international market. Alongside the new model, Ather is bringing features including Magic Twist, Infinite Cruise, and Voice on Ather to the 450 Series in Nepal.

Voltas, Atomberg Plan AC Compressor Joint Venture

Tata Group company Voltas has signed a Binding Term Sheet with Atomberg Innovation to establish a joint venture for manufacturing high-efficiency room air-conditioner compressors and related components in India. The proposed venture will focus on developing, manufacturing, and supplying AC compressors, with emphasis on energy efficiency, operational reliability, cost competitiveness, and increasing localisation.

Superhealth Appoints Dalvir Singh Suri as Head of Operations

Healthcare provider Superhealth has appointed Dalvir Singh Suri as Head of Operations as it looks to scale its healthcare model across India. Suri brings nearly 17 years of experience in building and scaling complex operating systems.

ShepHertz Launches Sovereign Agentic AI Platform AgentAnywhere

ShepHertz Technologies has launched AgentAnywhere, a sovereign agentic AI platform designed for banks, insurers, hospitals, governments, and BPOs. The platform enables organizations to run AI agents within their own infrastructure, cloud environment, and jurisdiction, using their own encryption keys.

Conclusion

The startup ecosystem in 2026 is buzzing with innovation and growth. From debt-free API Holdings to QpiAI’s quantum chip foundry, these developments highlight the dynamic and evolving nature of the startup landscape. Stay tuned for more updates as the industry continues to thrive.

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Internal Links:

• API Holdings Turns Debt-Free
• QpiAI Opens Quantum Chip Foundry
• Swiggy Launches 24x7 AI Assistant Guru
• Per Annum AUM Rises Over 400%
• Aum Ventures Launches DeepSpark 2.0
• VSURE Investment Affairs Crosses Rs 300 Cr Portfolio Exposure
• Atravelq Raises Funding from Individual Investors
• Snabbit Appoints Pradeep Yadav as Head of Operations
• Paramotor Partners with NSDL Payments Bank
• Cognizant Launches Talent Accelerator for 489 Graduates
• Sarvam BuildIn’ Hours Showcases AI Projects
• Ather Expands 450X Range in Nepal
• Voltas, Atomberg Plan AC Compressor Joint Venture
• Superhealth Appoints Dalvir Singh Suri as Head of Operations
• ShepHertz Launches Sovereign Agentic AI Platform AgentAnywhere

External Link:

• Startup News 2026

Inline Images:

FAQ Section:

**Q: What is API Holdings' debt-free status? A: API Holdings has turned debt-free following the repayment of outstanding debts worth Rs 1,050 crore.

**Q: What is QpiAI's quantum chip foundry? A: QpiAI has inaugurated an eight-inch quantum processing unit manufacturing facility in Bengaluru, capable of fabricating flip-chip superconducting processors with up to 128 qubits.

**Q: What is Swiggy's Guru AI assistant? A: Swiggy has launched Guru, a 24x7 AI Business Partner designed to help restaurant partners make data-driven decisions and resolve operational queries.

Table Block:

Company	Milestone/Development
API Holdings	Turns debt-free
QpiAI	Opens quantum chip foundry
Swiggy	Launches Guru AI assistant
Per Annum	AUM rises over 400%
Aum Ventures	Launches DeepSpark 2.0