In today’s episode of Moneycontrol Tech3, we discuss how a weakening rupee is making fundraising tougher for Indian VCs, and why domestic capital is becoming more important. They also unpack L'Oréal’s acquisition of Innovist, a deal first reported by Moneycontrol. Plus, Indian deeptech startups find customers and partners in Europe at Bharat Innovates 2026, Bengaluru Development Minister Krishna Byre Gowda outlines his governance priorities, and the AI talent war heats up with Google DeepMind veteran Noam Shazeer heading to OpenAI.