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NIIF raises Rs 19,000 cr as first close in second fund

Startups

India's National Investment and Infrastructure Fund Limited (NIIF) has raised Rs 19,000 crore in the first close of its Rs 30,000 crore Infrastructure Fund II. Anchored by the Indian government, the fund includes global sovereign wealth funds and domestic financial institutions. NIIF plans to mobilize an additional Rs 9,000 crore in co-investment capital, targeting core sectors like energy, transport, digital infrastructure, urban development, and electric mobility.

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Government notifies Rs 1.27L-cr Semicon 2.0 with eligibility norms, sops

Startups

"The Indian government has notified the Semicon 2.0 scheme, allocating Rs 1,27,500-crore to build a comprehensive semiconductor ecosystem. The initiative aims for self-reliance in chip design, manufacturing, and advanced packaging to address global supply-chain vulnerabilities and AI-driven demand. The scheme offers fiscal support for silicon and specialized fabs, alongside incentives for startups and packaging facilities, building upon twelve previously approved projects across six states.".

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From theory to practice: building customer agents with Google's no-code tools

Startups

Google Cloud, partnering with YourStory, will host a webinar on September 4 titled ‘Develop proactive customer agents in minutes’. The session features AI experts Taewoo Kim and May Kim, who will demonstrate how to build and deploy functional generative AI customer agents in under 15 minutes. Using no-code and low-code tools, the event aims to show businesses how to rapidly scale natural customer experiences without extensive engineering.

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10 Lessons from The Midnight Library about second chances

Startups

, follows Nora Seed as she explores alternate versions of her life in a mysterious library between life and death. By experiencing different outcomes of her past choices, Nora discovers that no life is perfect and that external success does not guarantee happiness. Ultimately, the story emphasizes the importance of self-acceptance, letting go of regret, and finding meaning in the present moment.

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Pet insurance guide: Why every pet owner should consider coverage

Startups

Pet insurance helps owners manage eligible veterinary expenses and healthcare costs, promoting responsible pet ownership. By reviewing policy terms, conditions, and exclusions, owners can select plans tailored to their pet's age, breed, and health needs. Preparing involves assessing care requirements and understanding the claim process. Ultimately, these insurance solutions provide financial support for medical treatments, allowing owners to focus on their pet's overall wellbeing and long-term health.

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7 Quotes from Meditations by Marcus Aurelius for resilience

Startups

offers timeless Stoic wisdom on building resilience through self-control and inner peace. By focusing on internal responses rather than external circumstances, the Roman emperor teaches that obstacles provide opportunities for growth. Key principles include challenging perceptions, practicing mental discipline, accepting reality, and maintaining gratitude. Ultimately, the text emphasizes that true strength is developed by facing inevitable adversity with courage, wisdom, and composure.

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Source: Tech Crunch

The U.S. is building barriers around drones and robots, but China has scale to get around them

Startups

"The U.S. has tightened restrictions and imposed tariffs on foreign-made drones and advanced robotic systems, citing national security concerns. While the U.S. leads in AI and semiconductors, Chinese manufacturers dominate global production through scale and cost advantages. These measures may lead to a fragmented global market, where Chinese firms expand in price-sensitive regions while U.S. and allied companies focus on high-security sectors and critical infrastructure.".

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Source: Tech Crunch

Grindr wants to be the everything app for gay men; investors are still deciding whether it can pull it off

Startups

Under CEO George Arison, Grindr has pivoted toward a growth strategy, with guided revenue for this year exceeding $540 million. The company is expanding beyond dating to become a "gayborhood in your pocket," integrating healthcare and travel services. Arison is leveraging AI to boost engineering productivity and launching a high-priced "EDGE" subscription tier, while fighting a perceived market discount on the company's stock valuation.

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How Minus Degre turns plastic waste into eco-friendly materials; 5 organisations taking healthcare to rural India

Startups

Early e-grocery startup Satvacart has shut down after twelve years. Meanwhile, realty firm Smartworks plans a Rs 600 crore investment in workspaces by FY27. In sustainability, Minus Degre converts plastic waste into eco-friendly materials, while five organizations expand rural healthcare in India. Additionally, HDFC Bank considers Kaizad Bharucha for CEO, Hindusthan National Glass issues a default notice to Bira 91, and Venezuela secures a long-term US energy deal.

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Source: Tech Crunch

Liux’s Big microcar bets on sustainability to take on Chinese rivals

Startups

Spanish startup Liux is launching the Liux Big, a sustainable electric microcar, in early 2026. Produced in Spain, the vehicle features a recyclable linen-based biocomposite body and focuses on circularity. Priced under €18,000, the L7e-homologated car aims to compete with Chinese EVs by offering enhanced safety and utility. With over 7,500 people on the waiting list, Liux leverages lean manufacturing to target urban drivers.

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Source: Tech Crunch

Musk’s faster path to more gas turbines comes with pollution problem

Startups

Elon Musk plans to accelerate AI infrastructure by producing gas turbine blades in-house at SpaceX, bypassing a global manufacturing bottleneck. This move aims to reduce the time for natural gas turbines to come online by 18 months, addressing critical power shortages for data centers. However, the shift toward gas-fired power has sparked legal challenges and health concerns regarding pollution in communities near these facilities.

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Source: Tech Crunch

TechCrunch Mobility: The hidden human cost of robotaxis

Startups

Recent reports reveal that Waymo and Zoox test drivers suffered numerous injuries from sudden autonomous vehicle braking. Meanwhile, Gatik secured $200 million to scale its driverless freight operations. Other mobility news includes Regent Craft raising $240 million and GM facing safety scrutiny over EV brakes. Additionally, Rivian's CFO is resigning, and Waymo is expanding into Munich while clarifying its system's computing performance capabilities.

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Source: Tech Crunch

Caterpillar is bringing to AI deployment what it learned from automating mining

Startups

Caterpillar is expanding its AI and autonomous technology from mining into construction and manufacturing. The company utilizes proprietary data from 1.6 million connected assets to power tools like the Cat AI Assistant. To address integration challenges and workforce transitions, Caterpillar is investing $100 million in employee training. Meanwhile, surging demand for data center infrastructure has propelled the company's quarterly revenue to a record $20.5 billion.

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Smartworks to invest Rs 600 Cr in FY27 to expand biz, meet rising demand for managed office spaces

Startups

Smartworks Coworking Spaces Ltd plans to invest approximately Rs 600 crore this fiscal year to expand and refurbish its managed workspace centres. With a portfolio of 16.9 million square feet across 15 cities, the company reported 2025-26 revenues of Rs 1,850 crore. Serving over 760 corporate clients, Smartworks recently posted a quarterly net profit of Rs 13.14 crore, reflecting strong growth in the flexible office market.

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Hindusthan National Glass and Industries issues default notice to Bira 91, plans to move NCLT

Startups

Hindusthan National Glass (HNGIL) served a default notice to B9 Beverages, maker of Bira 91, seeking Rs 11.77 crore for custom glass bottles manufactured but not lifted. HNGIL plans to initiate insolvency proceedings at NCLT if B9 Beverages fails to pay within ten days. This action.

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Online grocery venture Satvacart shuts down after 12-year run

Startups

Gurugram-based e-grocery startup Satvacart has shut down after twelve years of operation. Founded in 2014, the company prioritized profitability over rapid scale, which eventually hindered its ability to secure necessary capital or a strategic acquisition. Despite achieving profitability by 2019, Satvacart struggled to compete as India's market shifted toward quick commerce. Founder Rahul H. Saxena announced the closure on August 28, disbanding the team.

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Services, automation, credit: Test your business creativity with Edition 247 of our weekly quiz!

Startups

YourStory’s 247th edition of Lateral Sparks highlights five entrepreneurial solutions to real-world challenges. Sagar Defence Engineering uses AI-enabled uncrewed vessels for marine inspection, while EzyHelpers provides trained caregivers for elders. AlgoFET offers autonomous drone charging stations, and Progcap’s ProgShakti initiative facilitates credit for women entrepreneurs. Additionally, Milkvilla optimizes the dairy supply chain for faster milk delivery. These examples showcase innovation across various industrial sectors.

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Narrate the story behind the brand: Gifts World Expo highlights shifting customer expectations

Startups

The Gifts World Expo, organized by MEX Exhibitions and Messe Frankfurt Asia Holdings, recently took place at Bengaluru’s Palace Grounds. Featuring approximately 250 exhibitors and 1,000 brands, the event highlighted a growing industry shift toward sustainable, technology-driven, and emotionally resonant gifting. Participants, including Seed Paper India and House of Gulab, emphasized the importance of brand storytelling and authenticity to meet evolving consumer demands for purposeful products.

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AssessPrep turns test scores into data schools can use; VC inflow into startups sees marginal rise

Startups

Jio Platforms Ltd is preparing for India's largest IPO, potentially raising $3.8 billion. Meanwhile, IIT-Madras launched Bharat Ascend to discover innovators in smaller cities. Temasek has backed Singapore Airlines' investment in Air India. In the tech sector, AssessPrep uses AI to enhance school assessments, while UK research warns of AI control issues. Finally, Indian startup VC funding saw a marginal rise to $245 million in late August.

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Source: Tech Crunch

Sony Music, Warner sue Anthropic, alleging a “brazen campaign” of intellectual property theft

Startups

"Sony Music Publishing, Warner Chappell, and other music publishers have sued Anthropic and its co-founders in California. The lawsuit alleges the AI lab illegally torrented and scraped copyrighted lyrics and sheet music to train its Claude model. This follows previous intellectual property disputes, including a landmark case where Anthropic was ordered to pay $1.5 billion for using pirated content, highlighting ongoing legal battles over AI training data.".

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