iPhones light up India; Amazon, Nykaa expand

iPhone shipments from India are set to surge, buoyed by pricing and festive demand. This and more in today’s ETtech Top 5.

Also in the letter:
■ OpenAI, Oracle deal
■ Altman grilled on whistleblower’s death
■ Eruditus refinancing deal

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Apple’s India dispatches set to jump 25% in 2025

Apple is dialling up the volume in India. iPhone shipments are set to surge 25% this year to around 14–15 million units, fuelled by aggressive discounting on older models, savvy pricing on newer ones, and a festive season tailwind.

Why it matters: India…