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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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Source: Startup

Laundry Startup Quick Clean Raises ₹133 Cr To Expand Its Footprint

Business • via Startup • Anjali Jain

Institutional laundry startup Quick Clean has raised ₹133 Cr (about $14 Mn) in a Series B funding round led by.

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Source: Startup

Exclusive: AI Sales Intelligence Startup Reo.Dev Raises $11.3 Mn To Expand In US

Business • via Startup • Anjali Jain

"AI-powered sales intelligence startup Reo.Dev has raised $11.3 million in a Series A funding round led by Elevation Capital. The company provides a go-to-market platform that analyzes developer activity across various public platforms to identify buying intent for technical decision-makers. Reo.Dev plans to use the capital to accelerate AI product development and expand its sales and marketing operations in the US, its primary revenue market.".

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Source: Startup

India’s 132nd Unicorn, Groww’s Q1 Profit Run & More

Business • via Startup • Team Inc42

AI startup Emergent reached unicorn status with a $1.5 billion valuation after a $130 million funding round. Meanwhile, Groww reported a 94.3% profit surge, and Ather Energy seeks to raise ₹2,700 crore. In other news, BigBasket is exiting 36 cities to achieve profitability, and a ransomware group leaked files from India's Kudankulam Nuclear Power Plant. Additionally, D2C brand Anmasa secured $3.1 million in seed funding.

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Source: Startup

Ather Opens QIP, Sets Floor Price Of ₹1,169.70 Per Share

Business • via Startup • Lokesh Choudhary

Ather Energy has launched a qualified institutional placement (QIP) to raise ₹1,500 crore, part of a broader ₹2,500 crore funding plan to support R&D, marketing, and debt repayment. The company also approved a ₹1,200 crore preferential issue, with Hero MotoCorp increasing its stake to 30.68%. This capital injection follows strong revenue growth and narrowed losses, as Ather expands its infrastructure to compete in the electric two-wheeler market.

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Source: Startup

Peak XV-Backed Finova Capital’s FY26 PAT Dips 11% To ₹165 Cr

Business • via Startup • Gaurav Bagur

Finova Capital reported a net profit of ₹165.3 crore for FY26, an 11% year-on-year decline, despite a 21% revenue increase to ₹921.4 crore. Loan disbursements fell 17% as the company prioritized asset quality amid rising NPAs and industry-wide delinquencies. To combat these challenges and improve operational efficiency, the NBFC is implementing AI-driven solutions for collections and fraud detection while restructuring its operational framework to separate sales and risk.

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Source: Startup

Indian Unicorn Tracker: Funding, Investors, Revenue And More

Business • via Startup • Lokesh Choudhary

India's startup ecosystem has produced 132 unicorns, collectively raising over $119 billion with a combined valuation exceeding $394 billion. Bengaluru leads as the primary hub with 55 unicorns, followed by Delhi NCR and Mumbai. While ecommerce and fintech remain dominant sectors, investor interest is shifting toward AI and sustainable business models. In 2026, six startups have already reached unicorn status, signaling a measured recovery from previous funding winters.

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Source: Startup

Files Related To India’s Largest Nuclear Plant Surface On Dark Web

Business • via Startup • Lokesh Choudhary

"A ransomware group called World Leaks published nearly 19,000 files allegedly linked to India's Kudankulam Nuclear Power Plant on the dark web. The data, including facility blueprints and supplier details, reportedly stemmed from a partial breach at contractor Reliance Infrastructure via a Yotta-hosted server. While Reliance and Yotta claim the incident was contained, CERT-In is investigating the leak's authenticity and the potential risks to critical infrastructure.".

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Source: Startup

TVS’ Home Credit Acquires Varthana Finance To Expand Lending Footprint

Business • via Startup • Palak Sharma

"TVS VENU Group-led NBFC Home Credit India has approved the complete all-cash acquisition of Varthana Finance, an education-focused NBFC. This strategic move aims to expand Home Credit’s presence in secured and longer-tenure lending segments. Varthana, founded in 2013, provides collateral-free loans to private schools and students across India. The deal, pending regulatory approval, will leverage TVS's resources to accelerate Varthana's growth and expand its footprint.".

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Source: Startup

How Bolna AI Is Helping Enterprises To Win The Voice AI Race

Business • via Startup • Ankush Das

Bolna AI, founded by IIT Delhi alumni, is a voice AI orchestration platform that enables enterprises to deploy AI voice agents without managing complex infrastructure. Backed by a $6.3 million seed round from General Catalyst, the model-agnostic startup integrates various speech and language models. Bolna currently reports $175,000 in monthly revenue and over 2,500 paying customers, aiming to become the essential infrastructure layer for enterprise voice automation.

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Source: Startup

Emergent Joins Unicorn Club After Raising $130 Mn At $1.5 Bn Valuation

Business • via Startup • Ankush Das

AI software platform Emergent has become India's 131st unicorn after raising $130 million in a Series C round, valuing the company at $1.5 billion. Founded in 2024 by Mukund and Madhav Jha, the startup enables non-technical users to build production-ready applications and automate business operations via AI agents. With an annualized revenue run rate of $120 million, Emergent plans to use the funds for global expansion and research.

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Source: Startup

Promom Bags ₹30 Cr From Fireside Ventures To Expand Mom & Baby Care Portfolio

Business • via Startup • Lokesh Choudhary

"Bengaluru-based maternal and baby care startup Promom has raised ₹30 crore in a funding round led by Fireside Ventures. Founded in 2023, the company focuses on solving feeding challenges for new mothers. Promom intends to use the capital to expand its product portfolio and scale distribution across India. This investment reflects a growing Indian baby care market, which is projected to exceed $10 billion by 2034.".

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Source: Startup

Centre Doubles Down On Mobile Manufacturing With ₹62,500 Cr Scheme

Business • via Startup • Shrishti Bisht

"The Union Cabinet approved the ₹62,500 crore Mobile Phone Manufacturing Scheme and the ₹1.28 lakh crore Semicon 2.0 initiative to bolster domestic electronics and chip capabilities. The MPMS offers incentives up to 5% on sales to drive production and job creation through FY31. Meanwhile, Semicon 2.0 focuses on chip design, fabrication, and R&D, aiming to establish a robust semiconductor ecosystem with the first fab expected by 2028.".

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Source: Startup

Cabinet Approves ₹1.28 Lakh Cr Semicon 2.0 To Boost India’s Chip Ecosystem

Business • via Startup • Lokesh Choudhary

"The Union Cabinet has approved Semicon 2.0 with a ₹1.28 lakh crore outlay to strengthen India's semiconductor ecosystem. The scheme focuses on six key areas: chip design, equipment, fabrication plants, packaging units, R&D, and talent development. By attracting global chipmakers and supporting domestic startups, India aims to reduce import dependence and build a robust supply chain, with its first semiconductor fab expected to be commissioned by 2028.".

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Source: Startup

Ather Energy To Raise ₹1,200 Cr To Fuel Next Phase Of Growth

Business • via Startup • Shrishti Bisht

Ather Energy's board has approved a fundraise of up to ₹1,200 crore through equity shares and convertible warrants. Hero MotoCorp will invest approximately ₹960 crore, potentially increasing its stake to 30.68%, while NIIF's India-Japan Fund will contribute ₹200 crore. Cofounders Tarun Mehta and Swapnil Jain will each invest ₹20 crore. The funds will support expansion, research, and manufacturing capacity, pending shareholder approval at an extraordinary general meeting.

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Source: Startup

Healthy Snacking Brand Open Secret Raises ₹50 Cr To Scale Offline Presence

Business • via Startup • Shrishti Bisht

"D2C healthy snacking brand Open Secret has raised over ₹50 crore in equity and debt, led by Desai Brothers Group. The profitable startup, which has surpassed ₹200 crore in annual recurring revenue, aims to reach ₹1,000 crore within three years. The funds will be used to expand its offline retail presence beyond 500 outlets, scale its savoury snack portfolio, and integrate AI into its supply chain operations.".

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Source: Startup

BigBasket To Slash Geographical Presence By Half To 40 Cities: Report

Business • via Startup • Anjali Jain

BigBasket is reducing its operational presence from 76 to 40 profitable cities to curb cash burn and achieve profitability. Facing intense competition from rivals like Blinkit and Zepto, the Tata Digital-owned company reported a 42% surge in FY25 losses. New CEO Amit Nanda will implement a cluster strategy focusing on high-density urban areas, improving pricing and assortment to regain competitiveness in the quick commerce market.

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Source: Startup

AI Startups To Watch: 5 Startups That Caught Our Eye In July

Business • via Startup • Ankush Das

Inc42's tenth "AI Startups To Watch" edition highlights five emerging Indian ventures: Linkrunner, Monk CI, Rowboat Labs, Vidopix, and WiredLeap. These startups focus on specialized enterprise solutions across mobile attribution, developer infrastructure, knowledge management, ad compliance, and video intelligence. This shift reflects a maturing ecosystem where AI is integrated into specific business workflows, supported by a significant surge in funding, totaling $676 million in early 2026.

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Source: Startup

The Black Box Era Of Enterprise AI Is Ending, As Customer-Controlled AI Takes Spotlight

Business • via Startup • Pranav Pai

Enterprise AI is shifting from a focus on capability to a demand for control over data, weights, and infrastructure. Companies are moving away from proprietary black-box models toward open-weight alternatives to ensure data sovereignty and measurable outcomes. With regulatory support and strong engineering depth, India is uniquely positioned to lead this transition by providing model-agnostic deployment stacks and outcome-based services for regulated global industries.

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