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Source: inc42

Bombay HC Allows Nitin Gadkari To Sue Meta, Google, X Over Circulation Of Deepfakes

Business

"The Bombay High Court has permitted Union minister Nitin Gadkari to file a civil suit against Meta, Google, X, and other entities over AI-generated deepfakes. Gadkari alleges that defamatory content falsely links him and his family to financial gains from the government's E20 fuel programme. This case serves as a significant legal test for platform liability, personality rights, and the regulation of AI-driven disinformation within India.".

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Source: inc42

Deepinder Goyal’s Temple’s Valuation Doubles To $375 Mn: Report

Business

"Deepinder Goyal’s wearable startup, Temple, has doubled its valuation to $375 million and launched its first ESOP liquidity program for select employees. The company, which develops a forehead-worn device for real-time metabolic monitoring, previously raised $54 million in seed funding. Amid growing investor interest in longevity technologies, Temple is reportedly seeing valuations up to $500 million as it prepares for its next funding round.".

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Source: inc42

Bombay Shaving Company Claims Adjusted EBITDA Profitability In FY26, Loss Narrows 97%

Business

Visage Lines, the parent company of Bombay Shaving Company, reported a consolidated net loss of ₹9 crore for FY26, a 97.4% decrease from the previous year. Operating revenue surged 139% to ₹634.7 crore, and the company achieved an adjusted EBITDA profit of ₹2.2 crore. Growth was driven by omnichannel expansion and a broader product portfolio. The startup now targets ₹1,000 crore in revenue for FY27.

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Source: inc42

EV Manufacturer Omega Seiki Nets ₹50 Cr To Expand Capacity

Business

"EV manufacturer Omega Seiki Mobility (OSM) has raised ₹50 crore ($5.2 million) from the Saket Aggarwal Family Office, Securocorp Securities, and angel investors. The company plans to use the funds to expand manufacturing capacity, enhance research and development, and grow its nationwide service network. This investment comes amid rising demand from e-commerce and FMCG firms, supported by government subsidies under the PM E-DRIVE schemes.".

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Source: inc42

Infosys Cofounder Nandan Nilekani To Lead PM Modi’s Exam Reforms Task Force

Business

"Prime Minister Narendra Modi has established a high-powered task force led by Infosys co-founder Nandan Nilekani to implement technology-driven reforms in India's public examination system. Aimed at curbing paper leaks and enhancing transparency, the move follows widespread protests over NEET irregularities. Alongside the panel, the government is introducing fast-track courts and stricter penalties under the Public Examinations (Prevention of Unfair Means) Act to combat examination fraud.".

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Source: inc42

Crypto Debate Resurfaces, Weekly Funding Tanks & More

Business

A parliamentary panel suggests a self-regulatory organization to govern India's crypto assets, moving beyond taxation. Meanwhile, Indian startup funding fell 26% last week to $209 million, with most new-age tech stocks trending bearish. ShareChat is preparing for a $400 million IPO after achieving.

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Source: inc42

Paytm Dreams The AI Dream

Business

Paytm is diversifying its business by launching an enterprise AI software vertical, offering in-house tools for merchant lifecycle insights and fraud detection to external businesses. This move follows a strong Q1 FY27, where the company reported a 79% jump in net profit to ₹220 Cr. While expanding into AI, Paytm continues to grow its core payments and financial services sectors and is reapplying for a PPI wallet license.

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Source: inc42

Flipkart’s Digital Mall Now Has A Food Court

Business

Flipkart is set to enter India's food delivery market, launching a pilot in Bengaluru to challenge incumbents Zomato and Swiggy. Utilizing a marketplace model and the ONDC network, the e-commerce giant aims to leverage its 500 million registered users to increase daily engagement. This move is part of Flipkart's broader strategy to build a comprehensive digital ecosystem encompassing quick commerce, fashion, travel, and entertainment services.

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Source: inc42

Swiggy Plummets, BlueStone Soars Amid Bearish Week For New-Age Tech Stocks

Business

India's new-age tech stocks faced a bearish week, with combined market capitalization falling to $138.25 billion. Geopolitical tensions and quarterly earnings drove volatility, leaving 43 of 59 tracked stocks in the red. Swiggy was the biggest loser, dropping over 9% due to foreign ownership caps. Conversely, BlueStone surged nearly 29% following strong quarterly profits. Other notable events included InMobi's planned $1 billion IPO and Ather Energy's capital raise.

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Source: Startup

Can Parliamentary Panel’s Latest Recommendations Break Crypto Policy Deadlock?

Business • via Startup • Anjali Jain

For years, India’s approach towards cryptocurrencies has largely revolved around taxation, anti-money laundering (AML) compliance and transaction reporting, while a.

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Source: Startup

From Zetwerk To Veriqus — Indian Startups Raised $209 Mn This Week

Business • via Startup • Lokesh Choudhary

Indian startups raised $209.1 million across 14 deals from July 18 to 24, a 26% decrease from the previous week. The decline was primarily due to lower deal volume, though four rounds exceeding $40 million accounted for over 80% of the total. Enterprise Services and Enterprisetech led funding, while AI activity plummeted. Additionally, InMobi is planning a $1 billion IPO, and Ather Energy raised ₹1,300 crore through a QIP.

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Source: Startup

Veefin Gets Board Nod To Raise ₹35 Cr Debt

Business • via Startup • Team Inc42

BSE SME-listed Veefin Solutions has received board approval to raise up to ₹35 crore through the issuance of non-convertible debentures via private placement. The funds will support working capital, acquisitions, and scaling efforts without diluting shareholder equity. This move follows shareholder approval for the company's migration to the mainboard listing. Veefin recently reported significant growth, with FY26 revenue surging 339% to ₹345.1 crore and net profits nearly doubling.

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Source: Startup

UPI In June: Navi, super.money Gain Ground As PhonePe, Google Pay Slip Slightly

Business • via Startup • Palak Sharma

In June, UPI transaction volume and value declined slightly. While PhonePe and Google Pay experienced marginal market share losses, Navi and super.money saw small gains. WhatsApp surpassed CRED in transaction volume, although CRED maintained a higher transaction value. Meanwhile, NPCI's proposed UPI Meta framework, designed to streamline online payments, faces opposition from smaller players who fear it will further strengthen the dominance of the leading platforms.

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Source: Startup

Flipkart, Eight Roads Offload Shadowfax Shares Worth ₹1,654 Cr In Bulk Deal

Business • via Startup • Lokesh Choudhary

Walmart-owned Flipkart and Eight Roads Ventures have sold Shadowfax shares totaling ₹1,654.4 crore through bulk deals. Flipkart offloaded shares worth ₹690 crore, while Eight Roads sold ₹964.4 crore, marking a partial exit for these early investors. This monetization follows Shadowfax's successful public listing and a profitable FY26, where the logistics firm reported a net profit of ₹112 crore and significant revenue growth across India.

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Source: Startup

Delhi Police Advises App-Based Aggregators To Restrict Services In Central Delhi

Business • via Startup • Lokesh Choudhary

"Delhi Police has advised ride-hailing, food delivery, and ecommerce platforms to regulate or temporarily suspend services in restricted areas of New Delhi. This follows prohibitory orders issued under Section 163 of the BNSS amid ongoing student protests and the Monsoon Session of Parliament. The measures, which may include geo-fencing, aim to reduce movement in sensitive zones and ensure the safety of delivery partners, drivers, and the general public.".

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Source: Startup

Over 35% Of Swiggy Users Try Multiple Services, But Order Frequency Slips

Business • via Startup • Akshit Pushkarna

Swiggy's FY26 report shows a 51% revenue jump to ₹23,053 crore, though net losses widened to ₹4,154 crore. While monthly transacting users grew 33.1% to 23.5 million and over 35% used multiple services, average ordering frequency declined to 4.07 per month. The company is focusing on cross-selling and expanding Instamart's capacity, while seeking IOCC status to potentially transition to an inventory-led model for quick commerce.

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Source: Startup

D2CX Converge Indore Decodes The New Playbook For Building Enduring Consumer Brands

Business • via Startup • Inc42 BrandLabs

Inc42 and Shadowfax hosted the Indore edition of D2CX Converge, bringing together over 50 consumer brand founders to discuss scaling D2C businesses. The event focused on omnichannel expansion, operational excellence, and sustainable profitability over vanity metrics. Key discussions included Koskii’s ₹250 Cr growth journey and strategies for surpassing the ₹100 Cr milestone, emphasizing data-driven decision-making, disciplined capital allocation, and the transition toward system-driven organizational structures.

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Source: Startup

Inside The Leadership Behind ShareChat’s ₹1,000 Cr Turnaround

Business • via Startup • Debarghya Sil

Google-backed social media startup ShareChat is planning a $400 million IPO by next year after achieving net profitability in Q1 FY27. The company crossed ₹1,000 crore in operating revenue for FY26, driven by AI-led product bets and a successful push into microdramas. Through disciplined capital allocation, cost reductions, and a leadership reshuffle, ShareChat transitioned from rapid scale-chasing to a sustainable, cash-flow-positive business model.

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Source: Startup

Exclusive: Zetwerk Bags ₹500 Cr Pre-IPO Funding From Bharat Value Fund

Business • via Startup • Debarghya Sil

"Zetwerk, a B2B manufacturing startup, has raised ₹500 crore in a pre-IPO funding round from Bharat Value Fund, valuing the company at approximately $4 billion. This investment follows SEBI's approval of Zetwerk's IPO, which is expected to include a $300 million fresh issue and a $150 million offer-for-sale. Founded in 2018, the company operates a global manufacturing platform across several countries, including India and the US.".

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Source: Startup

Inside Zomato’s Monetisation Stack: Where The Margins Come From In Food Delivery

Business • via Startup • Palak Sharma

Zomato, now part of Eternal, serves as a highly profitable anchor supporting growth in other ventures like Blinkit. While Blinkit leads in revenue, Zomato's food delivery business generates significantly higher adjusted EBITDA. Its profitability is driven by restaurant commissions, increasing per-order platform fees, advertising, and subscriptions. Serving millions of customers, Zomato leverages its marketplace to monetize both restaurant demand and consumer convenience.

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