4831: PhonePe’s Rs 12,000 crore IPO, Prosus eyes $350 mn bet on Rapido, Apple ramps up iPhone machinery production in India, Ultraviolette plans mass-market EV factory | MC Tech3

In today’s Tech3 from Moneycontrol, we bring you the top startup and tech stories of the day. PhonePe files draft papers through confidential route for a mega Rs 12,000 crore IPO, while Rapido secures a $350 million investment from Prosus. Apple ramps up iPhone machinery manufacturing in India to reduce China dependency, and the Trump administration’s wage-based H-1B plan could reshape Indian IT. Plus, we sat down with Ultraviolette founders as the EV maker prepares a new factory and a mass-market push.