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Source: inc42

The AI Layer Powering Indiaā€™s Farms

Business

AI is revolutionizing Indian agriculture by integrating intelligence across the farm economy. Companies like Cropin, Arya.ag, and ANNAM.AI use satellite data, computer vision, and hyper-local advisories to optimize yields and reduce input costs. These technologies help farmers improve income by minimizing crop loss and enhancing market transparency. The focus is now shifting from isolated tools to scalable infrastructure that connects production, financing, and procurement.

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Source: inc42

Anicut Capital Floats ā‚¹250 Cr Fund To Back 20 Early Stage Startups

Business

"Anicut Capital has launched the Grand Anicut Seed Fund, targeting a corpus of ā‚¹175 crore with an additional ā‚¹75 crore greenshoe option. The SEBI-registered fund aims to back over 20 startups in deeptech, enterprise tech, consumer, and financial services, with initial cheques between ā‚¹5 crore and ā‚¹8 crore. Utilizing a blind-pool approach, the fund has already committed capital to three startups and expects a $10 million first close next month.".

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Source: inc42

Q-Comm Poaching Wars, Table Spaceā€™s IPO & More

Business

India's quick commerce sector is seeing a leadership talent war, with Swiggy Instamart and Nykaa poaching executives to scale operations. Meanwhile, Pine Labs reported a significant Q1 profit surge, and Table Space prepares for a $350 million IPO. Other updates include Cursor launching a localized India subscription, Snitch acquiring Berrylush to enter women's fashion, and Krutrim facing further layoffs amid financial struggles and operational pivots. (68 words.

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Source: inc42

AI Data Centres To Consumer 26.3 GW Power By FY32: MoS Power

Business

"India's power ministry projects that AI data centres will demand 26.3 GW of electricity by FY32, nearly doubling previous estimates. Minister Shripad Naik stated that renewable energy will primarily serve this load as peak demand is expected to exceed 388 GW. While major firms like Google and Reliance expand infrastructure, the government is upgrading transmission grids to manage energy intensity and address sustainability and public concerns.".

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Source: inc42

SEDEMACā€™s Q1 Profit Soars To ā‚¹33 Cr, Revenue Up 43% YoY

Business

SEDEMAC Mechatronics reported a 95.1% year-on-year increase in net profit to ā‚¹33.3 crore for Q1 FY27, driven by a 42.5% rise in operating revenue to ā‚¹309.8 crore. While the mobility segment grew significantly, the industrial solutions vertical declined. Despite the profit surge, EBITDA margins fell to 19.4% due to semiconductor supply issues and higher raw material costs. The company has sold over 1.3 crore ECUs globally.

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Source: inc42

Vishal Mega Mart Doubles Down On Quick Commerce Amid Retail Shift

Business

"Vishal Mega Mart is expanding its quick commerce services to 767 stores across 520 cities, reaching 1.4 crore registered users. The initiative, offering 30-minute deliveries, contributes 2% to 9% of store revenue, with many locations hitting a 5% target. By leveraging existing stores instead of dark stores, the retailer has attracted new customers, contrasting with DMart's strategy of avoiding ultra-fast deliveries to prioritize low pricing.".

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Source: inc42

Centre Sets Up Inter-Ministerial Group To Form Financial Cybersecurity Strategy

Business

The Indian government has established an inter-ministerial group to develop a comprehensive cybersecurity strategy for the financial sector. This move addresses rising AI-driven threats, including deepfakes and sophisticated phishing, which Finance Minister Nirmala Sitharaman warned could destabilize the industry. Additionally, the government is utilizing the India Digital Payment Intelligence Corporation to detect real-time fraud, complementing existing frameworks like CERT-In to safeguard India's digital payment ecosystem.

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Source: inc42

Cursor Doubles Down On India, Launches India-Specific AI Coding Plan

Business

AI coding platform Cursor has launched "Cursor Start," a subscription plan exclusively for India priced at ā‚¹649 per month. This move follows SpaceX's $60 billion agreement to acquire the startup. The plan offers Grok 4.5 and cloud agents to India's growing developer base, which has tripled to 3 million. This expansion reflects a broader trend of global AI firms targeting the Indian market, projected to reach $126 billion by 2030.

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Source: inc42

Delhi HC Orders Winding Up Of Paytm Payments Bank

Business

The Delhi High Court has ordered the winding up of Paytm Payments Bank, appointing former SBI executive Girikumar M. Nair as the official liquidator. This follows the RBI's April decision to revoke the bank's license due to persistent regulatory non-compliance and governance lapses. While banking operations end, the court-supervised process aims to protect customers. Meanwhile, Paytm has migrated its digital payments to partner banks and seeks a new wallet license.

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Source: inc42

Table Space To File Draft Papers For $350 Mn IPO Next Month: Report

Business

Managed workspace provider Table Space plans to file for an IPO by early August, seeking to raise up to $350 million. The public issue will likely include a ā‚¹1,000 crore fresh equity component and an offer for sale. Despite a reported net loss in FY25 due to exceptional items, the company's operating revenue grew 51% to ā‚¹1,360 crore, reflecting strong demand for enterprise office solutions in India.

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Source: inc42

Pine Labs Q1: Profit Surges 4X YoY To ā‚¹20 Cr, Revenue Up 20%

Business

Fintech major Pine Labs reported a significant surge in Q1 FY27 net profit, which rose over fourfold year-on-year to ā‚¹19.6 crore from ā‚¹4.8 crore. Operating revenue grew 20% YoY to ā‚¹736.9 crore, reflecting a 5% sequential increase. Despite this growth, net profit declined by 203% compared to the previous quarter. Total income reached ā‚¹765.9 crore, while total expenses increased by 11% year-on-year to ā‚¹728.1 crore.

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Source: inc42

Nykaa Ropes In Ex-Instamart COO Ankit Jain To Helm Nykaa Now

Business

Ankit Jain, former COO of Swiggy Instamart, has joined Nykaa as the business head for Nykaa Now and executive vice president for supply chain of Nykaa Beauty. His appointment aligns with Nykaa's strategy to aggressively expand its quick commerce operations in FY27. This move follows significant executive turnover at Swiggy Instamart. Meanwhile, Nykaa reports strong growth projections for its beauty and fashion segments, targeting $5 billion in GMV by FY30.

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Source: inc42

Why QOSMIC Pivoted From Building Satellites To Ground Infrastructure For Satellite Data

Business

Modern satellites generate massive data volumes that exceed current radio-based downlink capacities. To solve this bottleneck, Indian startups like Astrogate Labs and Olee Space are developing laser communication. Specifically, QOSMIC is building low-cost optical ground stations to enable high-speed data transfer from space to Earth. By offering ground-station-as-a-service, QOSMIC aims to reduce costs and increase efficiency for global satellite operators through a distributed network.

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Source: inc42

Delhi HC Grants BharatPe Interim Relief In Unity SFB Shareholding Dispute

Business

"The Delhi High Court has granted interim relief to BharatPe by restraining Unity Small Finance Bank from increasing its authorized share capital and amending its memorandum of association. BharatPe argues that such changes require its prior consent and could dilute its 49% stake to 21%. Unity SFB contends the move only facilitates warrant conversion into non-voting shares. The court will hear the matter again on October 28.".

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Source: inc42

Snitch Acquires D2C Womenā€™s Fashion Brand Berrylush To Expand Beyond Menswear

Business

Menswear brand Snitch has acquired a 100% stake in D2C womenā€™s fashion label Berrylush to enter the women's apparel market. While financial terms remain undisclosed, Berrylush will maintain its brand identity and existing team. Snitch intends to scale the brand into a ā‚¹1,000 Cr business by providing support in technology, supply chain, and marketing, leveraging Berrylush's established customer base to accelerate its growth and omnichannel expansion.

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Source: inc42

Anicut Capital Takes Control Of Bira 91 Founder Ankur Jainā€™s Stake

Business

"Anicut Capital has acquired a stake of over 17% in B9 Beverages, the parent company of Bira 91, from founder Ankur Jain and his family. This transition follows Jain's resignation from the board and the relinquishment of executive control amid a severe financial crisis and debt exceeding ā‚¹1,000 crore. Anicut Capital will now lead restructuring efforts and nominate three directors to revive the debt-laden craft beer maker.".

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Source: inc42

Swiggy Instamart Onboards Former Myntra CEO Nandita Sinha As Chief

Business

"Swiggy Instamart has appointed former Myntra CEO Nandita Sinha as its new chief executive to drive the platform's next growth phase. Sinha succeeds Amitesh Jha, who recently resigned to take a personal break and spend time with his family. Sinha, who left Myntra in April after a five-year tenure, is expected to further develop Instamart's differentiated assortment strategy and maintain the company's current growth momentum.".

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Source: inc42

ICICI Prudential MF Raises Shadowfax Stake To 8.56% After Buying 89 Lakh Shares

Business

ICICI Prudential Mutual Fund has increased its stake in logistics firm Shadowfax to 8.56% after acquiring 89.44 lakh shares for approximately ā‚¹192 crore. This move follows significant stake sales by Flipkart and Eight Roads Ventures. Shadowfax's stock has risen 84% since its January listing, driven by strong financial growth and a shift to profitability in Q4 FY26, with revenue increasing 73.6% to ā‚¹1,237 crore.

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Source: inc42

Krutrim Cuts Nearly Half Of Remaining Workforce In Fresh Layoffs

Business

Bhavish Aggarwal's AI startup, Krutrim, has laid off 20-25 employees in its second round of cuts this year, nearly halving its remaining workforce. Primarily affecting product and engineering teams, the restructuring aligns with a strategic pivot toward enterprise AI and cloud infrastructure. Despite reporting increased revenue and profit, the unicorn faces allegations of delayed salary and reimbursement payments while reducing its dependence on Ola Group companies.

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Source: inc42

Fashion Commerce Finds Its Plus-Size Fit

Business

Indian D2C fashion brands are shifting from treating plus-size clothing as a separate category to integrating inclusive sizing into their core design and data strategies. By leveraging AI-led tools and low-inventory models, brands like Virgio and NEWME are focusing on precise fit and trend-led designs. This evolution addresses a growing market for both extended sizes and relaxed silhouettes, aiming to build customer loyalty through better proportions.

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