Startup news and updates: daily roundup (November 4, 2026)

YourStory's daily startup news digest reports on multiple major funding and corporate developments. Canva announced workforce restructuring of 22% following its first growth slowdown in a decade as it adapts to AI-driven market changes. EloElo Group, an AI and entertainment company behind Story TV, raised $80 million in Series C from Hornbill Capital and NBCUniversal alongside other investors. Peppermint Robotics, an autonomous cleaning robot maker, secured Rs 100 crore (approximately $10.5 million) in pre-Series B funding led by pi Ventures and Crane Venture Partners.

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