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Source: inc42

NCLT Orders Status Quo On BYJUā€™S Assets Sold For ā‚¹16 Cr

Business

"The National Company Law Tribunal has ordered a status quo on assets auctioned by BYJUā€™S parent company, Think and Learn Pvt Ltd, to Comprint Tech Solutions. This follows a dispute where the resolution professional of BYJUā€™S K3 Education claimed ownership of goods worth ā‚¹150 crore. Due to insufficient evidence from both parties, the tribunal directed Comprint to disclose the assets' location and inventory until ownership is conclusively established.".

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Source: inc42

D2C Smart Crib Brand Cradlewise Raises $12 Mn To Expand Product Portfolio

Business

"Cradlewise, a San Francisco-based smart crib startup, has raised $12 million in a Series A round led by 3one4 Capital and Prudent Investment Management, bringing its total funding to $26 million. The company plans to use the capital to expand its distribution channels, enter international markets, and develop new sleep-related hardware and software solutions for children, leveraging its AI-driven technology and extensive sleep data.".

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Source: inc42

The Ayurveda Co Shuts Down After Overexpansion Derails Business

Business

"D2C ayurvedic beauty brand The Ayurveda Co and its sister brand Khadi Essentials have shut down after ceasing operations in July 2025. Despite raising ā‚¹125 Cr, the startups liquidated their assets and entered a formal winding-up process. Cofounder Param Bhargava attributed the failure to unsustainable rapid expansion and premature senior hiring. The company previously sold various ayurvedic skincare, haircare, and wellness products through online and offline channels.".

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Source: inc42

Inside Yes Madamā€™s Bet To Own The Full At-Home Beauty Stack

Business

Yes Madam is expanding its at-home salon services to include dermatologist-designed, non-invasive aesthetic treatments. Using a hub-and-spoke model, the startup provides professional-grade procedures like laser hair reduction and HydraGlo facials at 35-55% lower costs than conventional clinics. By employing certified professionals and single-use kits, the company ensures safety and convenience. Yes Madam aims to build a ā‚¹500 Cr business while expanding across major Indian cities.

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Source: inc42

Uber To Lay Off 200-250 Employees In India Amid Global Restructuring

Business

Uber is laying off 200-250 employees in India as part of a global restructuring that will eliminate approximately 3,300 roles. These cuts primarily impact technology and operations teams, including half of the AI Solutions unit. The company aims to simplify its organizational structure and redirect resources toward core mobility, delivery, and autonomous vehicle technology. Despite the layoffs, Uber continues to invest in India's strategic growth and infrastructure.

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Source: inc42

Flipkartā€™s Microdrama Foray, Purple Style Labsā€™ IPO & More

Business

The primary story is Flipkart's move into microdramas. The other snippets are secondary news items. Usually, in a summary of a "news article" that contains multiple snippets, the lead story gets the most weight, or the summary covers the main highlights. However, the prompt asks to summarize the "news article content," which is a collection of several short news pieces.

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Source: inc42

Adobe Acquires Peak XV-Backed AI Martech Startup Rilo

Business

Adobe has acquired Peak XV Partners-backed martech startup Rilo for an undisclosed amount. Founded in 2025, Rilo specializes in AI-driven autonomous workflows for marketing and go-to-market teams. This acquisition, Adobe's second Indian startup purchase, allows the software giant to integrate Rilo's agentic capabilities into its enterprise suite. Rilo will shut down its operations, and its technical team will join Adobe to enhance AI tools for marketers.

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Source: inc42

Alpha Wave Sells Pine Labs Stake Worth ā‚¹550 Cr

Business

Alpha Wave has sold nearly its entire 3.1% stake in fintech company Pine Labs, netting ā‚¹550 crore through block deals. Major buyers included ICICI Prudential Life Insurance, Goldman Sachs, and Societe Generale. This move follows a broader selling trend for Alpha Wave, which recently exited positions in Lenskart, Aye Finance, and Delhivery. Meanwhile, Pine Labs reported strong growth, with Q1 FY27 net profits jumping over fourfold to ā‚¹19.6 crore.

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Source: inc42

AI Infra Provider Yotta Eyes $1.5 Bn IPO By March 2027: Report

Business

"Yotta Data Services, backed by the Hiranandani Group, plans to file draft IPO papers in October and launch its public offering by the March quarter of 2027. The company aims to raise up to $1.5 billion through fresh equity to repay debt, purchase GPUs, and expand sovereign cloud infrastructure. Yotta intends to invest over $7 billion in AI infrastructure by FY27 to meet growing global computing demand.".

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Source: inc42

Flipkart Eyes Microdrama Entry Amid Diversification Push

Business

Walmart-owned Flipkart is testing a microdrama feed on its main app, partnering with content creators like Terribly Tiny Tales and Pratilipi to produce exclusive short-form shows. By integrating entertainment with commerce, Flipkart aims to increase user engagement and diversify its ecosystem. This move follows the company's expansion into quick commerce, food delivery, and event ticketing, as it seeks to capture more consumer time and spending.

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Source: inc42

Simple Energy Launches Wave Family Escooter At ā‚¹1.1 Lakh

Business

Bengaluru-based startup Simple Energy has launched the Simple Wave, a family electric scooter starting at ā‚¹1.10 Lakh. The lineup features six models across three variants, with the top-end Wave+ offering a 243 km IDC range and 90 kmph top speed. Aiming to compete with rivals like Ola and Ather, the company plans to scale monthly sales to 10,000 units by March 2027 through expanded production and retail networks.

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Source: inc42

Pine Labs Appoints Ex-Amazon, Razorpay Executive Jayaram Karthik As COO

Business

"Pine Labs has appointed Jayaram Karthik, formerly of Razorpay, as its Chief Operating Officer to oversee operations and merchant experiences across India and over 20 international markets. With 25 years of experience, Karthik aims to standardize operational infrastructure to support global growth. This move follows a strong FY26, where the fintech reported ā‚¹2,711 crore in revenue and a net profit of ā‚¹113 crore, alongside significant AI investments.".

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Source: inc42

Inside 88-Year-Old Jagdish Farshanā€™s ā‚¹43.5 Cr Bet On Quick Commerce

Business

Vadodara-based legacy snacks brand Jagdish Farshan has raised ā‚¹43.5 crore in its first institutional funding round, led by Sharrp Ventures. The company intends to use the capital to expand its manufacturing capacity and retail distribution beyond Gujarat, targeting Maharashtra and Madhya Pradesh. By leveraging quick commerce and adding 30-40 new stores, the brand aims to transition from a regional business into a pan-India consumer brand.

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Source: inc42

Quick Commerce Supply Chain Startup DocPharma Nets $2 Mn For Expansion

Business

Healthcare supply chain startup DocPharma has raised $2 million in a Pre-Series A funding round led by Equentis. The company plans to use the investment to expand its operations to 50 Indian cities and establish 100 new licensed dark stores. DocPharma provides backend infrastructure for healthcare platforms through its proprietary DocPharma One platform, enabling rapid delivery of medicines and wellness products in under 30 minutes.

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Source: inc42

Perniaā€™s Pop-Up Shop Parent IPO Subscribed 37% On Final Bidding Day

Business

Purple Style Labs, the parent company of Perniaā€™s Pop-Up Shop, saw muted demand for its ā‚¹680 crore IPO, with overall subscription reaching 37% by the final bidding day. While retail investors oversubscribed their portion 1.23 times, institutional interest remained low. The company plans to use the proceeds for lease liabilities and marketing. Listing on September 7, the luxury fashion firm reported a widened net loss of ā‚¹285.4 crore.

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Source: inc42

Byju Raveendran Offers Aakash Shares To Settle Qatar Holdingā€™s $235 Mn Claim

Business

Byju Raveendran has proposed relinquishing 17.89 million Aakash Educational Services shares, representing about 5.7% equity, to settle a $235 million arbitration claim from Qatar Holding. Despite this offer, Qatar Holding continues to seek debt repayment and enforcement of arbitral awards through courts in India and Singapore. This dispute occurs as Aakash remains a critical asset amid broader insolvency proceedings and legal battles involving BYJUā€™S various creditors.

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Source: inc42

Eutelsat OneWeb Seeks Urgent Security Nod To Launch Satcom Services In India: Report

Business

Eutelsat OneWeb has urged India's Department of Telecommunications to expedite its pending security clearance to launch satellite broadband services. Despite securing IN-SPACe authorization and establishing ground infrastructure in Gujarat and Tamil Nadu, the company faces delays that threaten the viability of its ageing satellite constellation. Once cleared, OneWeb will still require spectrum assignment to begin commercial operations, competing with other providers like Starlink and Jio Satellite.

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Source: inc42

Edtechā€™s Big Consolidation, ESDSā€™ Bumper IPO & More

Business

upGrad has acquired rival Unacademy in a $200 million all-stock deal, marking a significant valuation drop for the former unicorn. This merger integrates K-12 and test prep into upGradā€™s upskilling portfolio. Other industry updates include ESDS's successful IPO, Yuma Energy's $35 million funding, and Icertis's leadership change following misconduct allegations. Additionally, VinFast is reassessing its Indian operations, while AlgoFET develops autonomous drone docking infrastructure.

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Source: inc42

JioHotstar Rolls Out Services In The UK, Canada and Singapore

Business

"JioHotstar is expanding its streaming services into the UK, Canada, and Singapore, targeting the South Asian diaspora and global audiences. The platform will offer 1.6 lakh hours of content in over 12 languages, with 30,000 hours of new material added annually. Offering quarterly and annual subscription tiers, JioHotstar aims to leverage cultural affinity through originals and early TV access to establish a strong international presence.".

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Source: inc42

Oracle To Lay Off Another 3,000 Employees In India: Report

Business

Oracle is preparing for global layoffs, with India expected to lose approximately 3,000 employees, roughly 10% of its local workforce. These cuts, potentially starting in September, follow a previous reduction of 12,000 staff in March. The company is slashing operational costs to fund massive investments in AI and data centers, mirroring a broader industry trend where tech giants prioritize automation over traditional workforce expansion.

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