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Source: inc42

Yulu Bags $93 Mn To Scale EV Fleet, Enter Full-Size Electric Scooter Segment

Business

"Electric mobility provider Yulu has raised $93 million in a Series C funding round led by GEF Capital Partners, consisting of $63 million in equity and $30 million in debt. The Bengaluru-based startup aims to quadruple its active fleet to 200,000 EVs within two years and launch Yulu Express, a full-size electric scooter for logistics. Yulu is also planning an IPO following significant revenue growth and EBITDA positivity.".

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Source: inc42

Table Space All Set For IPO, Watermarking AI & More

Business

Managed workspace provider Table Space has filed for an IPO featuring a ₹800 crore fresh issue and an offer for sale. Despite narrowing losses, the company remains unprofitable. Meanwhile, logistics unicorn Porter reported a net profit of ₹229 crore for FY26, and LEAP India’s IPO was oversubscribed 8.38 times. Additionally, Blinkit and Zepto face regulatory scrutiny over food safety violations at their warehouses in Mumbai and Bengaluru.

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Source: inc42

Mobavenue AI Q1: PAT Zooms 94% YoY To ₹12 Cr, Revenue Up 57%

Business

Mobavenue AI Tech reported a significant increase in its financial performance for Q1 FY27. The listed adtech company's net profit surged 94.3% year-on-year to ₹11.7 crore, while operating revenue grew 57% to ₹72.8 crore. Total income reached ₹75 crore, including other income. Despite these gains, total expenses also rose, increasing 54.7% year-on-year and 15.5% sequentially to reach ₹59.5 crore during the first quarter.

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Source: inc42

Zepto Faces Fresh Regulatory Heat As Bengaluru Warehouse Sealed Over Food Safety Violations

Business

"Karnataka's Food Safety Division sealed a Zepto warehouse in Bengaluru’s Hoskote due to misbranding, non-compliant labelling, and unhygienic food storage conditions. Authorities issued a notice and recommended legal action following a special inspection drive. This regulatory crackdown occurs as the quick commerce unicorn pauses its IPO plans over valuation concerns, amid reports of increasing net losses despite a significant rise in the company's operating revenue.".

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Source: inc42

Porter FY26 Profit Skyrockets 4X YoY To ₹229 Cr, Revenue Up 54%

Business

Logistics unicorn Porter reported a significant financial surge in FY26, with net profit jumping 314% to ₹229 crore. Operating revenue grew 54.4% to ₹6,650 crore, driven primarily by its core goods transportation services. While total expenses rose 52% to ₹6,505.4 crore, largely due to fleet operator costs, the company continues to scale. Porter currently serves 30 lakh customers across 35 Indian cities, aiming for further expansion by 2030.

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Source: inc42

IPO-Bound Shiprocket Nets ₹727.4 Cr From Anchor Investors

Business

Logistics tech unicorn Shiprocket has raised ₹727.4 crore from anchor investors ahead of its ₹1,617 crore public issue, which opens tomorrow and closes August 14. Allotting 7.5 crore shares at ₹97 each, the IPO values the company at approximately ₹7,000 crore. The offering includes a fresh issue and an offer for sale. Despite a 24% revenue increase to ₹2,024 crore in FY26, the startup's net loss widened.

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Source: inc42

PM E-DRIVE E2W Subsidy Extended Till March 2028 With ₹1,000 Cr Additional Outlay

Business

The Indian government has increased the PM E-DRIVE scheme's total outlay by ₹1,000 crore to ₹11,900 crore to boost electric vehicle adoption. Incentives for electric two-wheelers are now extended until March 31, 2028, with ₹2,767 crore allocated to support up to 45.79 lakh vehicles. The revised structure provides ₹2,500 per kWh, capped at ₹5,000 per vehicle, while continuing support for e-rickshaws and electric ambulances to strengthen the domestic ecosystem. (70 words) -.

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Source: inc42

[Update] LEAP India IPO Closes With 8.38X Oversubscription

Business

Logistics tech company LEAP India’s IPO closed with a strong 8.38X oversubscription, with investors bidding for 96.32 crore shares against 11.49 crore offered. Qualified institutional buyers showed the highest interest at 16.84X. The company, valued at ₹7,004.5 crore, is tentatively scheduled to debut on the NSE and BSE on August 14. LEAP India reported a 66% jump in FY26 net profit, reaching ₹62.3 crore.

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Source: inc42

Anthropic Adds Watermarks In Claude Content As Deepfakes Run Amok

Business

Anthropic is implementing default watermarking across all Claude products worldwide to distinguish AI-generated content from human work. Using embedded text watermarks and C2PA-standard metadata, the company aims to enhance transparency and combat deepfakes. While Google already employs SynthID, OpenAI has yet to release a text watermark. Despite these efforts, experts warn that such marks are probabilistic signals and can be bypassed through heavy editing.

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Source: inc42

Table Space’s FY26 Loss Shrinks 74%, Revenue Crosses ₹2,200 Cr

Business

Managed office provider Table Space has filed for an IPO, seeking to raise up to ₹800 crore through a fresh issue and offload 6.55 crore shares via an offer for sale. In FY26, the company significantly narrowed its net loss by 74% to ₹403.4 crore, while operating revenue grew 66% to ₹2,262.3 crore. The funds will be used for debt repayment, acquisitions, and general corporate purposes.

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Source: inc42

slice Swings To ₹51 Cr Profit In Q1, Total Income Rises 39% YoY

Business

slice Small Finance Bank reported a profit after tax of ₹50.9 crore in Q1 FY27, rebounding from a ₹10.1 crore loss in the same quarter last year. Total income grew 38.6% to ₹413.8 crore, while deposits nearly doubled to ₹5,765 crore. The bank's gross loan book rose 55% to ₹5,098 crore, and asset quality improved, with the gross NPA ratio falling to 4.36% from 6.31%.

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Source: inc42

Matrimony Q1 Profit Doubles YoY To ₹19 Cr, Revenue up 13%

Business

Matrimony reported a significant increase in its Q1 FY27 consolidated net profit, which more than doubled year-on-year to ₹19.1 crore. Operating revenue grew 13% to ₹130.5 crore, driven by a 14% rise in matchmaking business revenue to ₹129.5 crore. The company added 2.72 lakh paid subscribers, increasing matchmaking billing by 8% to ₹135.3 crore, while total expenses remained largely flat at ₹111.9 crore for the quarter.

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Source: inc42

AvenuesAI Q1 Profit Jumps 45% YoY To ₹85 Cr, Revenue More Than Doubles

Business

AvenuesAI, formerly Infibeam Avenues, reported a 45% year-on-year increase in consolidated net profit to ₹84.8 crore for Q1 FY27. Operating revenue surged 109% to ₹2,680.4 crore, reflecting growth in its digital payments business. Total income reached ₹2,708.8 crore, although total expenses more than doubled to ₹2,624 crore. Sequentially, net profit saw a slight decrease of 5% from the previous quarter's ₹89 crore.

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Source: inc42

Blinkit’s Mumbai Facility Licence Suspended After FDA Finds Cockroach Infestation

Business

"The Maharashtra FDA has suspended the food licence of a Blinkit facility in Mumbai’s Malad West following an inspection that revealed an extensive cockroach infestation. Officials cited severe hygiene violations, including improper food storage, expired products, and inadequate pest control. This action follows similar regulatory measures against other quick commerce platforms, highlighting growing concerns over food safety compliance as dark store networks rapidly expand across India.".

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Source: inc42

Karnataka Flags Safety, Insurance Concerns Over Bike Taxis In SC

Business

Karnataka has approached the Supreme Court to challenge a High Court order allowing bike taxi operations. The state argues that motorcycles lack essential safety features, raising concerns over passenger security, insurance coverage, and women's safety. It contends that transport authorities should maintain discretionary power over permits. This legal battle involving aggregators like Ola, Uber, and Rapido will determine if bike taxis can operate without a dedicated state policy.

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Source: inc42

Discovered Materials Raises $9 Mn For AI-Led Semiconductor Material Discovery

Business

Discovered Materials, founded by IIT Madras alumni, has raised $9 million in a seed round led by Lightspeed India Partners, with support from Y Combinator and Peak XV Partners. The San Francisco-based startup utilizes AI agents to accelerate the discovery and commercialization of semiconductor materials, focusing on thermal management and power efficiency. The funding will expand its team and laboratory infrastructure to shorten the lab-to-fab timeline.

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Source: inc42

Table Space Files DRHP For ₹800 Cr+ IPO

Business

"Managed workspace provider Table Space has filed its DRHP with SEBI for an IPO featuring a fresh issue of up to ₹800 crore and an offer for sale of up to 6.55 crore shares. Key sellers include Hillhouse Investment, founder Karan Chopra, and co-CEO Kunal Mehra. The company intends to use ₹550 crore from the fresh issue for debt repayment, with remaining funds allocated for acquisitions and corporate purposes.".

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Source: inc42

Inside Dark Store Festive Stock Up Strategy

Business

Quick commerce is evolving into a primary shopping channel for India's 2026 festive season, expanding beyond groceries into electronics, beauty, and fashion. Success now depends on AI-driven hyperlocal forecasting and efficient dark-store replenishment rather than just delivery speed. While non-grocery volumes are surging, experts warn brands against mistaking temporary festive GMV spikes for sustainable growth, emphasizing the importance of precise inventory placement to meet demand.

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Source: inc42

IPO-Bound Tonbo Imaging’s Net Profit Sinks 30% YoY To ₹362.6 Cr In FY26

Business

Defencetech startup Tonbo Imaging reported a 30% year-on-year decline in net profit to ₹362.6 crore and a 22.7% drop in operating revenue to ₹299.9 crore for FY26. The company saw significant declines in both domestic and export sales. As it prepares for an OFS-only IPO, Tonbo has refuted allegations regarding the procurement of Chinese components and the intentional underpricing of contracts to inflate its order book.

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Source: inc42

B2C Giants Add AI Twist, LEAP India IPO Day 2 & More

Business

Indian consumer startups like Zomato and CARS24 are transforming internal AI tools into standalone enterprise ventures to unlock new revenue streams. Meanwhile, Apple Pay prepares for an October India launch, and Info Edge reports a 43% profit surge. Other highlights include LEAP India's IPO progress, GalaxEye's acquisition of StarOps, and the emergence of AI-driven rental platform FlatX, alongside ongoing legal disputes between Zostel and OYO.

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