Adobe Acquires Indian AI Startup Rilo; The Ayurveda Co Shuts Down

4 Sept 2026, 7:30 am · 8d ago · 1 min read · YourStory

Adobe has acquired one-year-old Indian AI startup Rilo, founded by IIT Bombay alumni Dhruv Jaglan and Georgi Boby. Rilo enables users to automate complex workflows using natural language prompts, marking Adobe’s second Indian AI acquisition after Rephrase.ai in 2023. Meanwhile, D2C brand The Ayurveda Co is shutting down operations after burning through ₹125 crore in funding due to rapid channel expansion, according to co-founder Param Bhargava. In global AI news, Nvidia agreed to buy open-source platform Hugging Face for $12.93 billion, and beauty brand VLCC secured ₹110 crore from credit firm BlackSoil Capital.