Startup news and updates: daily roundup (November 4, 2026)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here’s the roundup for Wednesday, November 4, 2026.
From Canva's workforce restructuring affecting 1,271 employees to EloElo Group securing $80 million in funding, YourStory brings today's startup headlines to your attention. The digital design platform Canva announced it is downsizing by 22% as it navigates the AI era. CEO Melanie Perkins revealed the company has seen its first decade-long growth slowdown, prompting a rethink of its business operations.
Meanwhile, consumer AI and entertainment firm EloElo Group raised $80 million in a Series C round led by investment firms Hornbill Capital and NBCUniversal, with participation from MIT Investment Co. and other investors. In India, Peppermint Robotics secured pre-Series B funding of Rs 100 crore ($10.5 million) led by pi Ventures and Crane Venture Partners, following a surge in revenue and nearly sixfold growth over the past two years.
Lastly, fintech infrastructure company OneStack closed a Rs 12.5 crore ($1.45 million) funding round, enabling cooperative banks to operate directly on NPCI's UPI network.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
