Weekly VC funding falls below $100M again; How Ottonomy is building robots for real-world logistics
It’s a wrap for SEMICON India 2026, which drew investment commitments of aroundRs 1 lakh croreunder Semicon 2.0. The event concluded with aspotlighton startups and student teams building on homegrown chip platforms. A report by EY and India Semiconductor and Electronics Association was also released. The report estimates India’s semiconductor market to grow from $64 billion in 2026 to $200 billion by 2035, and also lays out a roadmap for converting domestic demand and design talent into leadership across manufacturing, advanced packaging and innovation. Highlighting thechip-making prowessthe country aims to build going forward, Electronics and IT Minister Ashwini Vaishnaw said India should design and manufacture chips for everyday products such as cars, power systems, televisions, refrigerators, and other appliances within the next five years. In global news, Australia’s curbs onsocial mediaseem to have won Tim Cook’s approval. After meeting with Cook at the company’s US headquarters, Prime Minister Anthony Albanese said Apple’s Executive Chair had called the Australian government’s efforts “world-leading”. The government’s moves include a proposal to give users the option to select the content they see on their feeds. In December last year, Australia became the first country to ban social media for children under 16. Meanwhile, calls for anAI kill switchare growing louder, but experts say implementing it could be a logistical nightmare. In today’s newsletter, we will talk about Here’s your trivia for today: What was Sony’s first product which was a massive failure?(Scroll down for the answer) Venture capital funding into Indian startups saw a steep decline in the third week of September as the majority of the fundraise came from the very early-stage category, which generally accounts for lower value. This is the seventh time in the year that VC funding on a weekly basis has fallen below $100 million, revealing the challenges the Indian startup ecosystem faces in raising large amounts of capital. Sunnyvale-based deeptech startup Ottonomy is building robots for real-world logistics. Ottonomy, which has a production facility in Noida, has deployed its products across North America, Europe, the Middle East, and India. The 81st session of the United Nations General Assembly’shigh-level weekunfolds this week. The packed agenda includes conflicts and international security, climate change, pandemic preparedness, sea-level rise, and fight against racism and progress towards the Sustainable Development Goals. What was Sony’s first product which was a massive failure? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.
Original source: YourStory