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(Weekly funding roundup Aug 15-21) VC inflow remains rangebound

Startups

Indian venture capital funding in August has been driven primarily by a few large transactions, reflecting a broader struggle to secure significant investment. Recent funding reached $187 million, bolstered by Navi's $100 million raise. Other major deals included River Mobility and Yulu. While sectors like financial services and deeptech saw activity, the reliance on solitary large deals highlights ongoing challenges within the Indian startup ecosystem.

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Source: Tech Crunch

Oura faces lawsuit accusing it of misleading consumers about sleep-tracking accuracy

Startups

Oura faces a proposed class action lawsuit alleging the company deceived consumers regarding the accuracy of its sleep tracking features. The complaint claims the smart rings cannot measure physiological signals needed for sleep staging, relying instead on unreliable AI estimates. While Oura marketed its devices as clinically accurate, the lawsuit argues such measurements require specialized medical equipment, seeking restitution for users and an end to misleading advertisements.

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Source: Tech Crunch

Walmart to finally start accepting Apple Pay and Google Pay

Startups

Walmart and Sam’s Club will begin accepting Apple Pay and Google Pay starting August 24. The rollout will reach all stores and clubs by the end of the year, with fuel stations following by mid-2027. After years of promoting its own payment solutions and resisting industry standards, the retail giant is finally adopting tap-to-pay technology to provide customers with more checkout options and improve the overall shopping experience.

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Rooftop solar crosses 50 lakh homes as PM Surya Ghar triples its pace

Startups

With a budget of Rs 75,021 crore, the program aims for 1 crore homes through direct subsidies and concessional loans. Currently, 14.8 GW of capacity is commissioned, enabling 19 lakh households to achieve zero electricity bills while others earn income from surplus power.

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Source: Tech Crunch

Starcloud raises $250 million for orbital data centers as launch options dry up

Startups

Starcloud, a startup developing AI inference satellites, has secured a $250 million funding extension, bringing its valuation to $2.3 billion. Led by Manhattan West Ventures with participation from Nvidia and Cisco, the capital will expand manufacturing and support the Starcloud-3 spacecraft. Starcloud is collaborating with Nvidia on a space-ready GPU and plans to launch its Starcloud-2 satellites in 2027 to provide orbital compute services.

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Source: Tech Crunch

Tesla recalls 3 million cars as part of China-wide push to stop hidden door handles

Startups

"Tesla is recalling nearly 3 million vehicles in China to address hidden emergency door releases that could trap occupants during accidents. Eleven automakers, including Tesla, Xiaomi, and Xpeng, are issuing recalls to install warning labels and software updates. This follows concerns over electronic latches failing during collisions. China plans to ban hidden electronic handles by 2027, while U.S. regulators are investigating Tesla's door-latching systems for safety.".

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Gudlyf Mobility builds the lightweight cylinders that hydrogen vehicles need to carry fuel

Startups

Gudlyf Mobility, a Madurai-based startup, is developing Type IV hydrogen cylinders to address the storage challenges of hydrogen fuel. These lightweight, carbon-fiber composite tanks support 700 bar pressure, essential for vehicles, aviation, and industrial use. While the company has received recognition from institutions like IIT Madras and aligns with India's National Green Hydrogen Mission, it remains a small operation with limited public financial data.

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Sagar Defence Engineering builds uncrewed boats that patrol and survey without anyone aboard

Startups

Sagar Defence Engineering, founded in 2015, develops unmanned marine surface vessels, aerial vehicles, and the Genesis autonomous navigation system for defense and offshore energy sectors. Serving the Indian Navy and Coast Guard, the company recently completed the autonomous Sagarmala Parikrama voyage. With funding between $30.1 million and $48.2 million and a partnership with Boeing's Liquid Robotics, it competes with global firms like Anduril and Saildrone.

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Karetic Energy is building iron-air batteries to store power for days rather than hours

Startups

Karetic Energy, an Indian startup, is developing iron-air batteries to provide affordable, long-duration grid storage for renewable energy. Utilizing a rare-earth-free, non-flammable aqueous chemistry, the company claims laboratory discharge cycles of 100 to 145 hours. While the technology aims to bridge multi-day energy gaps more economically than lithium-ion, Karetic currently lacks independent test results, customers, or active field pilots despite seeking utility partners.

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Hyper Horizon builds small autonomous submarines that map the sea without a pilot

Startups

Bengaluru-based Hyper Horizon, founded in 2023, is developing affordable, endurance-class autonomous underwater vehicles to reduce India's reliance on expensive imports. Their portable, modular AUV features advanced survey tools like side scan sonar and Doppler velocity logs. With Rs 1.19 crore in revenue and no external funding, the company aims to supply the Navy and Coast Guard, shifting underwater autonomy toward a more distributed, scalable model.

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Source: Tech Crunch

Private equity firm Apollo confirms data breach amid hacking wave targeting financial giants

Startups

"Apollo Global Management confirmed a data breach where hackers used social engineering to access cloud systems between July 6 and July 10. Stolen information includes names, birth dates, home addresses, and Social Security numbers. The incident follows warnings from Google about a widespread extortion campaign targeting private equity firms. Apollo, managing $938 billion in assets, has not commented on whether a ransom was paid to the attackers.".

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PM Modi assures support to space startups, urges them to develop solutions for everyday needs

Startups

Prime Minister Narendra Modi met with leaders from twenty space startups, assuring them of the government's full support to enhance India's global position in the space sector. He urged entrepreneurs to collaborate across industries, applying space technology to agriculture, livestock, and environmental management to improve everyday lives. By fostering innovation and attracting global investment, Modi aims to establish India as a commercially viable model for space exploration.

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From income to long-term opportunity: The rise of expertise-led side hustles

Startups

Indian professionals are increasingly diversifying their income beyond a single salary to ensure financial resilience against rising costs and career unpredictability. India's gig workforce is projected to reach 23.5 million by 2030, with a growing preference for expertise-based side hustles like consulting and insurance advisory. These sustainable models leverage specialized knowledge and trust to generate recurring revenue, offering professionals greater independence and long-term financial security.

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Source: Tech Crunch

Senator asks US government watchdog to review how feds use hacking tools

Startups

"Senator Ron Wyden has urged the U.S. Government Accountability Office to investigate how federal agencies, including the FBI and DEA, utilize hacking tools and spyware. Citing a lack of transparency and oversight, Wyden requested a report on the frequency of use, potential abuses, and security measures. He emphasized the need for public accountability and better court disclosures to prevent misuse and protect innocent targets from surveillance.".

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SUSE Women in Technology event: Why AI’s next opportunity is also a leadership test

Startups

At SUSE’s Women in Technology event, leaders discussed the shift from AI hype to measurable business value and ROI. Panelists emphasized that enterprises now prioritize defined goals over pilots. The discussion highlighted the need for women to pursue strategic roles in AI architecture and P&L rather than just governance. Additionally, leaders addressed systemic barriers for women in tech and India's potential to lead in transparent AI development.

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6 Books that explain why some people never give up

Startups

True success stems from resilience, adaptability, and purpose rather than innate talent alone. Six influential books explore these themes: *The Dip* examines overcoming obstacles, *Endurance* highlights survival and leadership, and *Peak* emphasizes deliberate practice. *Option B* focuses on recovering from trauma, *The Long Game* advocates for long-term vision, and *The Courage to Be Disliked* stresses self-confidence. Together, they demonstrate that persistence involves learning from failure.

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Meesho expects to create 10 lakh seasonal jobs during festive season

Startups

"Meesho expects to create over 10 lakh seasonal job opportunities across its seller and logistics ecosystem to handle the upcoming festive season's demand surge. This includes approximately 6.5 lakh roles within its seller network and 3.75 lakh positions in logistics operations. These opportunities span packaging, warehousing, and delivery, supported by Meesho's logistics platform, Valmo, and third-party partners, as the company prepares for high annual sales volumes.".

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AlgoFET builds the docking stations that let drones recharge without a person present

Startups

Bengaluru-based startup AlgoFET develops integrated ground stations to enable full drone autonomy by providing autonomous docking, high-power charging, and fleet monitoring. Founded by Ankit Mishra, the company targets defense, logistics, and infrastructure sectors. AlgoFET recently raised Rs 15 crore in pre-Series A funding from Piper Serica. While the company claims a Rs 100 crore order book and 2,000 units deployed, these figures remain independently unverified.

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EyeROV builds underwater robots that inspect where divers cannot reach

Startups

Kochi-based EyeROV specializes in underwater robotic systems for infrastructure inspection, replacing dangerous human diving. Validated by the DRDO and Indian Navy, the company provides ROVs and surface vessels featuring AI-based defect detection. With over 150 projects for clients like Adani and Tata Power, EyeROV recently secured a Rs 47 crore Navy order. The firm utilizes direct sales and service models to expand globally.

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e-TRNL Energy is redesigning the battery cell itself rather than its chemistry

Startups

e-TRNL Energy, founded in 2021, is redesigning battery cell architecture and manufacturing processes to be chemistry-agnostic. The company claims its first-principles approach improves charging speeds, heat management, and energy density. Having raised Rs 27.4 crore in a recent seed round, the Bengaluru-based startup aims to validate its technology and establish a 250 megawatt-hour pilot manufacturing plant by 2027, moving from development to demonstration.

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