Startup news and updates: Daily roundup (May 16, 2025)

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, May 16, 2025.

May 16, 2025 - 13:02

Startup news and updates: Daily roundup (May 16, 2025)

From neurotech startup Zeuron.ai's efforts to boost cognitive health to Flipkart leading Walmart’s advertising business sales growth, YourStory brings today’s headlines that highlight significant developments across industries. Here’s a roundup of key stories:

Featured news:

Gaming meets neuroscience: Inside Zeuron.ai’s bid to reprogramme the brain

Can a game-based console improve brain function and movement disorders? Neurotech startup Zeuron.ai is improving cognitive health with a brain-computer interface.

At the core of Zeuron.ai’s vision is MIMO (Mind Motion), an AI-driven interactive therapy console that looks like a gaming system but functions more like a digital neurology lab. The startup works at the intersection of neuroscience, hardware, and AI to understand and improve neurological healthcare.

Latest news:

Flipkart pulls Walmart's advertising business and global sales

US-listed retailer Walmart saw its advertising business sales grow 20% during the first quarter, led by Flipkart.

The world's largest retailer also saw its global net sales, on a constant currency basis, grow 7.8% to $32.1 billion in the first quarter, helped by China.

Flipkart and Walmex also clocked a surge in both unit volumes and transaction counts during the quarter.

Funding news:

Fyn Mobility bags $2.5M in fresh funding

EV-as-a-service startup Fyn Mobility on Friday said it raised $2.5 million in a funding round led by public market investor Vijay Kedia, Lloyd Balajadia, Swiggy’s CFO, Rahul Bothra.

The company intends to use the newly raised funds to accelerate fleet growth, geographic footprint and expand its tech platform.

As the next step, Fyn is looking to expand internationally with a sharp focus on Southeast Asian markets.

Other news:

Shiprocket launches AI-integrated MCP server for ecommerce

Shiprocket on Friday said it has launched India’s first Model Context Protocol (MCP) server for ecommerce shipping.

This innovation will allow AI agents to directly handle key operations—from checking shipping rates to tracking orders—using a single line of instruction.

According the company, this serve will help with faster execution of orders, seamless integration, hands-free operations, and enterprise-grade security.

(The copy will be updated)

Edited by Jyoti Narayan