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While Swiggy’s existing users continue to order, the real expansion lies in tapping into the nearly 90% of Indians who have never used food delivery. Speaking at YourStory’s TechSparks 2026, Rohit Kapoor, CEO of Swiggy's Food Marketplace, highlighted that driving future growth hinges on attracting these new consumers.
Peak XV Managing Director Mohit Bhatnagar said the success of companies such as Zomato and the growing acceptance of startups in India's public markets have fundamentally changed what founders and investors believe is possible.
Indian startup founders are increasingly aspiring to build companies worth $50 billion or even $100 billion, a shift that is prompting venture capital firms such as Peak XV Partners to take bigger risks, according to Bhatnagar.
Meanwhile, India’s primary challenge in educating 247 million students is structural rather than numerical, as traditional schooling remains stuck in nineteenth-century methods despite society entering the intelligence era.
Speaking at TechSparks 2026, leaders from Sri Chaitanya Group and Intel highlighted the need to end the legacy practice of treating technology as an isolated subject. Instead, education must integrate technical tools directly into daily learning to reflect modern workplaces where technology and work are seamlessly merged.
Lastly, IT services company Wipro on Thursday reported a slight decline of 1.40% in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27. The Bengaluru-headquartered company had posted a net profit (attributable to owners of the company) of Rs 3,246.2 crore in the year-ago period, Wipro said in a regulatory filing.
In today’s newsletter, we will talk about
- India can build anything: Prof. Ashok Jhunjhunwala
- Food Pharmer’s shift to food startup founder
Here’s your trivia for today: Before moving into high-end acoustics, what German manufacturer made vacuum tubes and microphones under the original name “Laboratorium Wennebostel”?
TechSparks
India can build anything: Prof. Ashok Jhunjhunwala
Speaking at TechSparks 2026, Padma Shri Prof. Ashok Jhunjhunwala emphasised that while India possesses world-class engineering talent, a heavy reliance on importing physical products persists because technical education prioritizes theory over hands-on building.
To achieve complete technological self-reliance, he urges backing risk-taking young entrepreneurs, particularly from Tier II, III, and IV cities, and overhauling overburdened university curricula to foster practical creation and lifelong learning.
Key takeaways:
- Indian engineers can build virtually any technology, yet the country still imports almost all of its physical products.
- Curricula should cut half of their theoretical coursework to make space for practical building, peer learning, and continuous self-education.
- While established industries remain risk-averse, young founders—especially in smaller cities—are the primary drivers of national tech self-reliance.
TechSparks
Food Pharmer’s shift to food startup founder
Speaking at TechSparks 2026, Revant Himatsingka, popularly known as Food Pharmer, outlined his transition from an uncompromising health activist to the founder of Only What’s Needed (OWN). Facing extreme legal and commercial backlash for exposing misleading claims by major FMCG brands, Himatsingka launched OWN to provide truly transparent food alternatives.
Clean food:
- Transitioning from critic to creator means operating under zero margin for error; any mistake in product safety or labeling will be magnified instantly due to his public profile.
- OWN replaces vague ingredient lists with precise pie charts on the front of packaging and offers QR codes in major Indian languages so consumers can easily see exact percentages without reading hidden fine print.
- Himatsingka deliberately rejects traditional marketing strategies—avoiding "green-washed" packaging, omitting his own face from the box, running no discount promotions, and relying on open supply-chain disclosures rather than ad spend.
News & updates
- Profits: Anthropic told investors its third-quarter revenue stands at $16.8 billion as it prepares for its IPO reportedly planned for November, CNBC reported, citing people familiar with the matter.
- Telecom: Jio Platforms plans to raise revenue per customer mainly by selling more services rather than lifting tariffs, though it keeps the option of higher prices, Managing Director Akash Ambani said on Thursday, days before the Reliance Industries unit opens what would be India's largest initial public offering.
Before moving into high-end acoustics, what German manufacturer made vacuum tubes and microphones under the original name “Laboratorium Wennebostel”?
Answer: Sennheiser
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