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Source: Startup

Khosla Ventures Backed upliance.ai Launches AI-Powered 12L Smart Oven

Business • via Startup • Inc42 BrandLabs

Smart appliances startup upliance.ai has launched a 12L Smart Air Fryer Oven, expanding into the large-family cooking segment. Priced at ₹15,999, the India-engineered appliance features proprietary "Texture Control" technology and a context-aware AI cooking assistant to replace traditional time and temperature settings. Available via Amazon and the company's website, the device uses a unified kitchen OS to ensure consistent results and moisture retention.

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Source: Startup

DPDP Is Coming Fast But Indian Startups Are Moving At Different Speeds

Business • via Startup • Shraddha Goled

"Indian startups are racing to comply with the Digital Personal Data Protection (DPDP) Act, with the first milestone arriving in four months. Non-compliance risks severe penalties up to ₹250 crore and potential operational damage. While regulated sectors are better prepared, many MSMEs struggle with data mapping and high implementation costs. Beyond fines, poor data governance may hinder fundraising and enterprise partnerships as investors prioritize regulatory readiness.".

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Source: Startup

WeWork India Sinks 10% As Q1 Net Loss Weighs On Investor Sentiment

Business • via Startup • Shrishti Bisht

WeWork India shares dropped nearly 10% after the company reported a Q1 FY27 consolidated net loss of ₹4.1 crore, despite a 28% revenue increase to ₹683.8 crore. Management attributed the loss to accounting transitions, noting an IGAAP-equivalent profit of ₹53.2 crore. With occupancy at 84.9%, the firm reaffirmed its FY27 growth guidance and plans to add 28,000 desks while diversifying into enterprise services.

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Source: Startup

BYJU’S Inches Closer To Resolving Aakash Dispute After Creditors’ Nod

Business • via Startup • Shrishti Bisht

Creditors of Think & Learn, the parent company of BYJU'S, have approved a settlement proposal to resolve a long-standing dispute over Aakash Educational Services' shareholding. Under the deal, lenders would acquire approximately 30% of Aakash at a $2 billion valuation and drop legal actions against founder Byju Raveendran. The National Company Law Tribunal has scheduled the next hearing for August 18 to finalize the ownership arrangement.

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Source: Startup

Kissht Receives Certification For Mutual Fund Distribution

Business • via Startup • Anjali Jain

"OnEMI, the parent company of lending tech platform Kissht, has received AMFI authorization for its subsidiary, Invincible Minds, to operate as a mutual fund distributor in India. This move aligns with the company's strategy to diversify revenue streams into wealth management. Financially, Kissht reported a 75% increase in net profit to ₹281.5 crore in FY26, with operating revenue rising 63% to ₹2,179.3 crore.".

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Source: Startup

JFS’ Profitability Flex, Reo.Dev Bags $11 Mn & More

Business • via Startup • Team Inc42

Jio Financial Services reported a profitable Q1 FY27 with revenue exceeding ₹2,000 crore, driven by its lending and payments arms. Meanwhile, Reo.Dev raised $11.3 million, and Aurum approved the acquisition of Housing.com. Agnikul added a former ISRO chief to its board, while Meesho saw increased domestic investment. Conversely, WeWork India returned to a net loss, and health startup The Sweet Change reported strong early revenue growth.

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Source: Startup

PhysicsWallah Acquires Majority Stake In Sarrthi IAS For ₹72 Cr

Business • via Startup • Anne Florentyna

"Edtech major PhysicsWallah has acquired an additional 11% stake in UPSC coaching institute Sarrthi IAS for ₹71.81 crore, raising its total holding to 51%. This transaction is part of a broader agreement to acquire up to 85% of the company by FY31. The move aims to strengthen PhysicsWallah's presence in the civil services preparation segment. Sarrthi IAS reported a significant turnover increase to ₹76.52 crore in FY26.".

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Source: Startup

Neo Group Nets ₹350 Cr From Peak XV Partners To Strengthen Wealthtech Play

Business • via Startup • Lokesh Choudhary

"Neo Group, a wealth and asset management startup, has raised ₹350 crore in a funding round led by Peak XV Partners. This marks its second significant capital raise in six months, following a TVS Capital-led round that granted it unicorn status. The company, which manages ₹1.3 lakh crore in assets, plans to utilize the funds for technology, talent, and product expansion to compete in India's growing wealth sector.".

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Source: Startup

WeWork Back In The Red In Q1 FY27, Reports ₹4 Cr Loss

Business • via Startup • Gaurav Bagur

WeWork India reported a consolidated net loss of ₹4.1 crore in Q1 FY27, ending a three-quarter streak of profitability. Despite this, the company reduced its year-on-year loss by 71% and saw operating revenue grow 28% to ₹683.8 crore. While Ind AS standards show a loss, WeWork claims a net profit of ₹53.2 crore on an IGAAP-equivalent basis, alongside a significant increase in EBITDA to ₹454.8 crore.

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Source: Startup

Ahead Of Mission II, Spacetech Soonicorn Agnikul Ropes In Ex-ISRO Chairman Somanath As Board Observer

Business • via Startup • Anne Florentyna

Spacetech startup Agnikul Cosmos has appointed former ISRO chairman Dr Somanath S as a board observer to support its upcoming second space mission. Mission II will utilize a two-stage Agnibaan rocket to demonstrate the recovery of an orbital-class booster through controlled ocean descent and the conversion of its upper stage into an on-orbit platform. This development highlights the growing momentum of India's private space sector and government support.

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Source: Startup

B2B Garment Manufacturing Platform Groyyo Raises ₹90 Cr To Expand Supplier Network

Business • via Startup • Anne Florentyna

B2B manufacturing startup Groyyo has secured ₹90 crore as part of its ₹200 crore Series B funding round led by Cornerstone Ventures. The Gurugram-based company will use the capital to expand its factory network, enhance its AI-powered design platform, and grow its presence in North America, Europe, and the Middle East. Groyyo helps global fashion brands diversify sourcing away from China by digitizing the apparel supply chain.

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Source: Startup

Mutual Funds Raise Meesho Bets As Early Foreign Investors Trim Stakes

Business • via Startup • Akshit Pushkarna

Domestic institutional investors increased their stake in Meesho during the June quarter, offsetting sales by foreign backers following the expiration of the post-IPO lock-in period. Mutual fund holdings rose to 7.93%, with SBI Mutual Fund becoming the largest domestic shareholder. Conversely, foreign company holdings declined to 62.05% as several investors exited. This shift reflects a broader trend of domestic investors replacing foreign venture capital in Indian tech firms.

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Source: Startup

logcat.ai Bags $2.5 Mn To Build AI Platform For Android, Linux Engineering

Business • via Startup • Shrishti Bisht

Enterprise AI startup logcat.ai has raised $2.5 million in pre-seed funding led by Founders' Co-op to automate Android and Linux device engineering. The Seattle-based company will use the capital to expand its engineering team and enhance its AI platform, Delta, which identifies software issues and recommends code-level fixes. Targeting hardware manufacturers, logcat.ai aims to accelerate product launches for devices like smartphones and robots.

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Source: Startup

Jio Financial Services Q1: Profit Surges 2.6X YoY To ₹830 Cr

Business • via Startup • Akshit Pushkarna

Fintech company Jio Financial Services’ (JFS) net profit zoomed 2.6X to ₹830.3 Cr in the first quarter (Q1) of FY27.

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Source: Startup

Inside Cosmos Diamonds’ Bootstrapped Push Into India’s Lab-Grown Jewellery Market

Business • via Startup • Inc42 BrandLabs

Founded by Sanjana Tripuramallu, Cosmos Diamonds is a bootstrapped lab-grown jewellery brand focusing on heritage-inspired designs and a unique 100% buyback policy to build consumer trust. The company reported ₹20 Cr revenue in FY26 and targets ₹55 Cr for FY27, aiming for a ₹100 Cr ARR by late 2027. As India's lab-grown diamond market grows, the brand plans to expand its physical retail presence across several major cities.

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Source: Startup

Aina Raises $5.5 Mn From Info Edge, Others To Build AI Hardware Interface

Business • via Startup • Shrishti Bisht

AI hardware startup Aina has emerged from stealth after securing a $5.5 million seed round co-led by Redstart Labs and 360 ONE Asset. Founded by Apoorv Shankar, the company aims to develop context-aware, AI-native interfaces that move computing beyond smartphones and PCs. Aina will use the funding to launch its flagship product and expand its teams in Bengaluru and San Francisco, targeting a rapidly growing AI hardware market.

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Source: Startup

Aurum PropTech To Acquire Housing.com For ₹458 Cr

Business • via Startup • Gaurav Bagur

Aurum PropTech's board has approved the acquisition of Locon Solutions, the parent company of Housing.com, from REA India. The deal involves a share swap of 1.98 crore equity shares at ₹231.42 each, valuing the business at approximately ₹458.1 crore. This move aims to create an integrated real estate tech stack. Additionally, Aurum will issue ₹118 crore in convertible warrants to its promoter entity for capital infusion.

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Source: Startup

Former Rippling Cofounder Prasanna Sankar Raises $15 Mn For Vorflux After 0xPPL Shutdown

Business • via Startup • Anne Florentyna

Vorflux, an AI software engineering startup founded by former Rippling cofounder Prasanna Sankar, has raised $15 million in seed funding led by Y Combinator. The San Francisco-based company utilizes specialized AI agents to automate the entire software development lifecycle, including planning, coding, testing, and review. Unlike standard coding assistants, Vorflux employs a model-agnostic, cloud-based approach to handle complex engineering tasks and improve software deployment reliability.

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Source: Startup

Beauty Products Manufacturer Naturis Cosmetics Nets ₹100 Cr To Expand Capacity

Business • via Startup • Anjali Jain

Naturis Cosmetics, a beauty and personal care manufacturer, has raised ₹100 crore in a Series A funding round led by Sharrp Ventures. The company plans to utilize the capital to establish a new production facility in Vapi, an experience centre in Delhi-NCR, and an R&D centre in Mumbai. Naturis aims to expand into men’s grooming and fragrances while supporting the growth of India's rapidly expanding BPC market.

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Source: Startup

Physical AI Startup SwitchOn Raises $8 Mn To Scale Manufacturing Inspection

Business • via Startup • Palak Sharma

SwitchOn raised $8 million in pre-Series B funding, led by IvyCap Ventures, with SIG Tattva and Trifecta Capital participating. The physical AI startup develops AI-powered visual inspection systems using computer vision to detect defective products on manufacturing lines. This capital will accelerate international expansion, deepen R&D, and scale go-to-market capabilities across global manufacturing verticals. The funding reflects growing investor interest as manufacturers increasingly adopt AI for quality control and efficiency.

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