Indian on-demand home services startup Pronto has raised an additional $20 million in its Series B round from venture ​capitalist Lachy Groom, doubling its valuation to $200 million in just ‌two months.

The fresh capital will be used primarily to scale worker supply, deepen operational infrastructure, and expand service density across existing markets, said founder Anjali Sardana

Source: X

Prior to joining Honasa, Yatish Bhargava held senior leadership roles at Flipkart and Hindustan Unilever Limited.

Source: Entrackr

Parker, a well-funded startup offering corporate credit cards and banking services for e-commerce businesses, has filed for bankruptcy and is widely reported to have shut down.

The startup was part of Y Combinator’s winter 2019 cohort, and its Series A was led by Valar Ventures.

And Parker’s troubles seem to be confirmed in its May 7 filing for Chapter 7 bankruptcy protection. The filing states that the company has between $50 million and $100 million in assets, with liabilities in the same range. It also states that Parker has between 100 and 199 creditors.

Parker, the YC19 fintech that served ecommerce merchants with credit cards, has officially ceased operations on May 4th '26

Patriot Bank, parkers banking operations partner, issued an official statement to clients confirming. Parker had raised $200M.

Source: Tech Crunch

Home services firm Urban Company posted a net loss of Rs 159 crore in the fourth quarter (Q4) of financial year 2025-26 (FY26), widening 50X from a loss of Rs 3 crore in the year ago period.

The company's revenue from operations grew 42.5 percent year-on-year (YoY) to Rs 426 crore in Q4 from Rs 298 crore in the same period last year.

The company has reported a sharp increase in losses as it spends more heavily on expansion of InstaHelp, its 10-minute quick service arm, to ward off competition from new-age, privately held rivals such as Snabbit and Pronto. Urban Company is currently the market leader in the space and has said it will not shy away from investing more money to retain its leadership position.

Source: Money Control

The ads landing page includes a way to sign up, ads documentation, and a video guide.

Reach people as they explore options, compare choices, and make decisions in ChatGPT, with relevant ads that fit naturally into the experience.

After you sign up, you'll be taken into Ads Manager, where you can create your account, create campaigns, and access step-by-step Help Center resources.

Source: OpenAI

India-built AI models will run on an India-built satellite, with both training and inference happening directly in orbit.

The demonstrator satellite will carry datacenter-class GPUs in orbit, the same hardware that powers AI on the ground, with our models running on board, analyzing hyperspectral imagery in real time as it is captured.

This is a first for the country, with India-built AI models running on an India-built satellite and both training and inference happening directly in orbit, without any dependence on foreign cloud or ground infrastructure.

Source: Sarvam

Vicharak is launching a low cost microcontroller FPGA board for makers , hobbyist and student for endless possibility.

It has wifi/ble micro-controller, plus an FPGA. Low cost FPGA boards with integrated MCUs.

Their goal is to make FPGAs accessible to everyone by offering robust toolchains, high-quality hardware, and strong ecosystem support. They’re committed to keeping the hardware prices extremely low, and every piece of software for Shrike will be completely open-source.

Source: Vicharak

Amazon is opening its entire logistics network—freight, distribution, fulfillment, and parcel shipping capabilities—to every business, of all types and sizes.

Any business can now move, store, and deliver everything from raw materials to finished products using the same supply chain that supports Amazon and its independent selling partners.

Amazon is opening its full portfolio of freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes, not only Amazon sellers. With this launch, Amazon is expanding its third-party logistics capacity to support businesses in industries such as healthcare, automotive, manufacturing, and retail.

Key takeaways

• Over the past three years, hundreds of thousands of Amazon sellers have trusted the company’s logistics network to move, store, and deliver hundreds of millions of packages across third-party facilities, warehouses, and sales channels beyond the Amazon store.
• Today, Amazon is launching Amazon Supply Chain Services (ASCS), opening its freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes.
• Leading brands Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters, Inc. are among the first to sign up for ASCS, now relying on Amazon’s logistics network across their supply chain.

Source: Amazon

Google is expanding access to digital IDs in Google Wallet in select countries, all built with advanced privacy features like selective disclosure to keep your data secure.

🇮🇳 In India, you’ll be able to save Aadhaar Verifiable Credentials directly on your device

🇸🇬 🇹🇼 🇧🇷 And in Singapore, Taiwan and Brazil you’ll be able to create a secure ID pass based on your passport information.

Source: Google

Communities will have until May 30th to transition and migrate members to XChat, which has a limit of 500 members.

X's product head Nikita Bier today announced two product changes for organizing communities on X:

1. XChat now supports joinable links for groupchats. Create a public link & share direct to Timeline. With support for 350 members per chat (and growing), Groupchat Links are the fastest way to bring people together on X.
2. Due to declining usage, we're deprecating X Communities on May 6.

To migrate your Community's members, pin your groupchat link so people can join it over the next 2 weeks.

This is part of our broader effort to simplify the experience on X. Make no mistake: we are investing heavily in niche communities with the launch of Custom Timelines—and much more to come.

Source: X

SpaceX said it has an agreement giving it the right to acquire artificial intelligence startup Cursor for $60 billion later this year or to pay $10 billion for the companies’ work together, part of the Elon Musk-run firm’s efforts to catch up with rivals in AI coding tools.

Musk’s rocket, satellite and artificial intelligence giant announced the deal in a post on X, saying the two companies are “now working closely together to create the world’s best coding and knowledge work AI.”

Source: SpaceX

Apple announced that Tim Cook will become executive chairman of Apple’s board of directors and John Ternus, senior vice president of Hardware Engineering, will become Apple’s next chief executive officer effective on September 1, 2026.

Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition. As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world.

Arthur Levinson, who has been Apple’s non-executive chairman for the past 15 years, will become its lead independent director on September 1, 2026. Ternus will join the board of directors, also effective September 1, 2026.

Ternus joined Apple’s product design team in 2001 and became a vice president of Hardware Engineering in 2013. He joined the executive team in 2021 as senior vice president of Hardware Engineering. Throughout his tenure at Apple, Ternus has overseen hardware engineering work on a variety of groundbreaking products across every category. He was instrumental in the introduction of multiple new product lines, including iPad and AirPods, as well as many generations of products across iPhone, Mac, and Apple Watch.

Source: Apple