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Source: Tech Crunch

Exclusive: Mirendil inks $100M+ Google Cloud deal to scale self-improving AI

Startups

"AI lab Mirendil has entered a multi-year partnership with Google Cloud worth over $100 million to secure compute capacity for its self-improving AI research. The deal provides access to Google’s TPUs and Nvidia GPUs, enabling Mirendil to develop recursive AI systems designed to automate scientific research in fields like medicine. This strategic collaboration allows Mirendil to scale its infrastructure while providing Google with a frontier AI partner.".

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Source: Tech Crunch

Ex-Spotify employees raise $10M to bring the AI behind its recommendations to e-commerce

Startups

"Former Spotify engineers Sidd Motwani, Ian Anderson, and Shivaditya Sinha have launched Malachyte, an e-commerce personalization startup that recently raised $10 million in seed funding. The company utilizes "two-headed Vector AI" to predict shopper intent in real time based on current session behavior rather than historical data. Malachyte is currently available to Shopify merchants and larger retailers via API to create more relevant, intent-aware shopping experiences.".

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Leumas rents out robotic factory lines to brands that do not want to build a factory

Startups

Bengaluru-based Leumas offers modular, software-reconfigurable robotic production lines for the nutrition, cosmetics, and pharmaceutical sectors. By providing on-demand manufacturing capacity, the company allows brands to produce small batches without owning a factory. Leumas has scaled over 120 products globally and recently raised $2.2 million in a seed round led by Capital 2B to expand its infrastructure and launch pilot factories for wellness brands.

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Constelli builds the signal processing tools used to design radar and electronic warfare systems

Startups

Hyderabad-based Constelli specializes in signal processing and simulation for radar and electronic warfare systems, reducing the need for costly flight testing. Serving clients in India, South Korea, Australia, and Singapore, the company recently raised Rs 180 crore led by General Catalyst. Constelli is now expanding from providing development tools to creating communication and electronic warfare payloads for drones, satellites, and naval vessels to accelerate production.

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Xovian is building satellites that listen for radio signals rather than take images

Startups

Bengaluru-based Xovian Aerospace is developing a constellation of radio frequency nanosatellites to provide sovereign intelligence for India. Unlike optical imaging, their AI-native system processes signals on-orbit to track "dark" vessels and aircraft regardless of weather or light. Having raised $4.5 million in funding, the company aims to deliver low-latency insights for government and enterprise users, with initial space trials expected by the end of 2025.

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Vikra Ocean Tech builds underwater robots for inspection, survey and defence work

Startups

Chennai-based Vikra Ocean Tech develops indigenous ocean robotics to replace expensive imports in India. The company offers a comprehensive stack, including deep-water ROVs, autonomous surface vessels, and crawling robots, all managed via a single control platform. Targeting defence, infrastructure, and environmental research, Vikra recently raised $1 million in seed funding to scale manufacturing and build a sales pipeline following two Ministry of Defence grants.

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Source: Tech Crunch

Google Maps adds agentic features, including food ordering and hotel bookings

Startups

Google is enhancing Google Maps’ “Ask Maps” feature with new agentic capabilities, enabling users to order food, book hotels, and purchase event tickets. The update introduces Personal Intelligence, which integrates Gmail and Google Calendar for personalized travel and dining responses. Additionally, Ask Maps now remembers previous conversations and includes a live transit widget for real-time updates. These features aim to transform the app into a comprehensive personal assistant.

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Source: Tech Crunch

Omilia raises $67M to scale its customer support platform

Startups

"Omilia, an Athens-based customer support automation company, has raised $67 million in Series B funding led by Expedition Growth Capital. The company focuses on cost-effective, self-learning agents rather than relying solely on generative AI for basic tasks. With annual recurring revenue reaching $60 million, Omilia plans to expand its U.S. presence, open a new office, and hire key executives to scale its operations further.".

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Large firms to be net job losers, small businesses to drive employment: Nandan Nilekani

Startups

Infosys co-founder Nandan Nilekani predicts that AI and automation will make large Indian corporations net job losers, as structured tasks are easily automated. Instead, he argues that millions of small businesses will drive future employment due to their resilience. Nilekani expects India to reach one million startups by 2035, emphasizing the need for deregulation, digital market access, and portable benefits to support a flexible, gig-oriented workforce.

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Swiggy targets Rs 10,000 Cr adjusted EBITDA by FY31

Startups

Swiggy aims for an adjusted EBITDA of approximately Rs 10,000 crore by FY31, driven by growth in food delivery, quick commerce, and out-of-home consumption. The company expects its consolidated Gross Order Value to reach Rs 2.5 lakh crore by FY31. With domestic ownership exceeding 50%, Swiggy remains debt-free with Rs 14,400 crore in cash, projecting a shift from losses to positive earnings per share by FY31.

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Mitti Labs raised $9.5M in Series A from Aramco Ventures, others

Startups

The company said that it will expand its geographical footprint in India and launch greenfield projects in the Philippines and Indonesia.

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Mumbai ranks 15th, Hyderabad 27th globally in operational data centre capacity: Knight Frank

Startups

Knight Frank's Global Data Centre Atlas 2026 report ranks Mumbai 15th globally in operational data centre capacity and 11th in development pipeline. Hyderabad ranks 27th in operational capacity and 19th in pipeline. While India is becoming a strategic digital infrastructure destination, Knight Frank India CMD Shishir Baijal emphasizes that improving power provisioning and renewable energy is essential for India to enter the world's top ten data centre markets.

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How FLiCKA built trust to become India’s fastest growing beauty brand

Startups

Co-founded by Mohit Pardasani and Priyanka Nawani in 2018, FLiCKA Cosmetics bridges the gap between quality and affordability in the Indian beauty market. With a retail-first strategy, the brand has expanded to over 2,200 touchpoints and 350 exclusive counters, achieving FY26 revenues of Rs 100 crore. Offering 400+ specialized products, FLiCKA now leverages its strong physical presence to scale across online platforms and Tier II and III cities.

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IITM-incubated deeptech startup Solinas Integrity raises $5.5M

Startups

Founded by Divanshu Kumar and Moinak Banerjee, Chennai-based Solinas builds robotics and AI systems that inspect, clean, and digitise underground water and wastewater infrastructure, solving problems of water leakages, contamination, and manual scavenging.

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Piper Serica raises Rs 300 Cr as first close of Bharat Tech Fund

Startups

Mumbai-based investment house Piper Serica has raised Rs 300 crore in the first close of its Rs 800 crore Bharat Tech Fund. This Category 2 AIF targets Indian deeptech startups in sectors like semiconductors, defence, and robotics, investing Rs 25-50 crore per company. Backed by institutional investors and family offices, the fund aims to support globally competitive technologies and expects to reach its final close ahead of schedule.

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Ola Electric opens sales, service network to dealer partners across India

Startups

Ola Electric is shifting its go-to-market strategy by opening its sales and service network to dealer partners across India. After building a strong foundation through company-owned stores, the firm aims to leverage local dealer expertise to scale operations and accelerate EV adoption. Company stores will now focus on brand experience, while dealers handle local distribution. BVR Subbu rejoins as Senior Advisor to support this transition by Diwali 2026.

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Shiprocket cuts IPO size, lowers valuation expectations as it readies for Rs 1,618-Cr public issue

Startups

Temasek-backed ecommerce platform Shiprocket has reduced its IPO size by nearly 31% to Rs 1,617.6 crore. The public issue, opening August 12 and closing August 14, features a price band of Rs 92-97 per share, targeting a valuation of approximately Rs 7,057 crore. The company will raise Rs 885 crore through fresh equity to expand technology, fund marketing, and repay debt, alongside a Rs 732 crore offer for sale.

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TV Somanathan gets a year's extension as India's top bureaucrat

Startups

The Government of India has granted a one-year extension to Cabinet Secretary Dr. T.V. Somanathan, extending his tenure beyond August 30, 2026, until August 2027. Chaired by Prime Minister Narendra Modi, the Appointments Committee of the Cabinet approved the move to ensure administrative stability and continuity. Somanathan, a highly qualified 1987-batch IAS officer, previously served as Finance Secretary and played key roles in the GST rollout.

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From cloud migration to citizen services: AppSquadz and India’s evolving digital transformation journey

Startups

In the last 5 years, AppSquadz has expanded its cloud capabilities to support some significant digital transformation initiatives across government, healthcare, and enterprise sectors in India.

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Andhra, Chhattisgarh, Bihar are outsmarting richer states on investments (without outspending)

Startups

India's industrial landscape is shifting as states like Andhra Pradesh and Chhattisgarh attract massive investments despite lower readiness scores. While traditional leaders like Gujarat rely on inherited infrastructure, challengers are prioritizing regulatory ease and statutory certainty to attract modern, automated factories. By legislating faster approvals and ensuring power reliability, these states are reducing execution risks, proving that governance and predictability now outweigh cheap labor in industrial competition.

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