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MumbaiSemi builds the receiver chip that lets a device use India's navigation satellites

Startups

MumbaiSemi, a 2024 spin-off from IIT Bombay, has developed DhruvaPro, a programmable receiver chip designed to support India's NavIC system alongside GPS, Galileo, and BeiDou. Founded by Vijay Kanchetla and Professor Rajesh Zele, the company aims to reduce India's dependence on foreign navigation hardware. While the silicon-proven chip has received academic and institutional recognition, MumbaiSemi is currently seeking commercial partners to scale production and secure customers.

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Gurutvaa Systems builds the anti-drone equipment that Indian forces use to jam intruding drones

Startups

Pune-based Gurutvaa Systems developed DRONAAM, a modular counter-drone system that uses jamming technology to neutralize commercial drones without destroying them. The Indian Air Force and Border Security Force utilize the system, which has significantly increased drone neutralization rates in the Punjab sector. Designed to reduce reliance on foreign defense imports, DRONAAM was also deployed during the 2023 G20 summit and is part of the iDEX framework.

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Iindepro Dynamics makes the electric motors that spin a drone's propellers

Startups

Iindepro Dynamics, founded in Rajkot in 2023, aims to reduce India's reliance on imported drone motors, which currently account for over 90% of the market. The company specializes in brushless direct current motors, offering patented designs and customization for drone manufacturers. While collaborating with IIT Madras and participating in government programs like Bharat Innovates 2026, the startup is currently focused on scaling its production and portfolio.

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Vayudh builds nano surveillance drones for the Indian armed forces

Startups

"Vayudh, the defense arm of IIT Delhi-based BotLab Dynamics, specializes in indigenous nano-class surveillance drones, notably the Atri. After transitioning to in-house component manufacturing, the company focuses on precision reconnaissance and training simulators. Vayudh recently raised $10 million from investors like Dharana Capital to expand R&D and manufacturing. While its technology has gained high-level visibility, the company has not yet disclosed specific order volumes or customers.".

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Bluehill.VC raises Rs 400 Cr for maiden frontier-tech fund

Startups

"Chennai-based venture capital firm Bluehill.VC has closed its maiden Rs 400 crore frontier-tech fund, including a Rs 50 crore greenshoe option. Backed by SIDBI, state governments, and private investors, the fund targets Seed to Series A startups in sectors like semiconductors, space, and defense. The firm aims to build a concentrated portfolio of 15-16 companies, planning to deploy Rs 80 crore over the next six months.".

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What 66 years of selling Indian craft has taught Fabindia

Startups

Fabindia, a 66-year-old handcrafted apparel brand, is evolving to compete with quick commerce by integrating personalized services like interior design and bespoke tailoring into its 340+ stores. Managing Director William Nanda Bissell recently launched Fabels, a premium western wear sub-brand, and implemented RFID and AI technology to optimize operations. The company continues to support micro-entrepreneurs while awaiting a pending public listing to scale its rooted business model.

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Mirae Asset’s MAVI raises Rs 1,125 Cr in first close of Venture Opportunity Fund II

Startups

"Mirae Asset Venture Investments (MAVI) has raised Rs 1,125 crore in the first close of its Rs 1,800 crore Mirae Asset Venture Opportunity Fund – II. Backed by the Unicorn Growth Fund in partnership with Naver and KRAFTON, the fund targets early growth businesses in AI, deeptech, and advanced manufacturing. MAVI aims to bridge the Series B to Series D funding gap for Indian startups to build enduring companies.".

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Define who you want to become before taking action

Startups

Drawing on the wisdom of Epictetus, this article emphasizes that personal growth begins with a clear vision of the person one aspires to become. By prioritizing identity over mere goals, individuals can align their daily actions with their core values, making discipline more sustainable. True transformation occurs through consistent, small choices and patience, ensuring that success is authentic and purposeful rather than driven by societal expectations.

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The real test for AI agents is resolution

Startups

"AI agents are transforming Indian customer service by shifting the focus from response speed to issue resolution. To achieve this, businesses must prioritize context continuity to eliminate data fragmentation, implement continuous learning through real-time feedback loops, and establish strict governance guardrails. By integrating these elements, organizations can ensure consistent, trustworthy outcomes that move beyond templated replies to build stronger, long-term customer relationships and drive revenue.".

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Namakkal to Bombay House: Journey of Tata Sons Chairman Chandra; What Milky Mist’s IPO reveals

Startups

Tata Sons chairman N. Chandrasekaran is stepping down due to board disagreements, triggering a slide in Tata Group shares. Meanwhile, Yulu raised $93 million in Series C funding, and Ola Electric secured a revised PLI window for incentives. Milky Mist's IPO saw strong subscription, while Meta faces a trial regarding child addiction. Additionally, Goldman Sachs is acquiring Neos Investments for $2.25 billion to strengthen its asset management presence.

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Source: Tech Crunch

Some Claude users are mad that Anthropic’s new watermarks will catch them cheating at their jobs, classes

Startups

"Anthropic has introduced invisible watermarking for Claude’s outputs to comply with the EU AI Act’s Transparency Code, which requires labeling AI-generated content. While some users on Reddit have criticized the move as unethical or draconian, arguing it penalizes legitimate tool usage, others support the policy. Proponents believe watermarking is a sensible measure to ensure transparency and prevent the deceptive use of AI-generated material.".

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Source: Tech Crunch

AI nuclear power firm Fermi finally has a new CEO

Startups

AI nuclear power firm Fermi has appointed Lee McIntire as its new CEO, filling a vacancy left by co-founder Toby Neugebauer. McIntire, a former executive at TerraPower and CH2M Hill, will lead the company's Project Matador, an AI campus in Texas powered by nuclear reactors. This appointment and a new lease agreement with TensorWave have boosted Fermi's stock by nearly 23% as the firm enters its construction phase.

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Source: Tech Crunch

Northrop’s robot space mechanic is a new way to keep satellites at work longer

Startups

Northrop Grumman is evolving its satellite life-extension services. After using Mission Extension Vehicles to maintain satellites like Optus, the company is deploying a Mission Robotic Vehicle and Mission Extension Pods. Developed with DARPA, the MRV uses robotic arms to attach propulsion pods to satellites, extending their operational life. This shift toward sustainable space infrastructure aims to reduce waste by repairing and upgrading expensive orbital assets.

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Source: Tech Crunch

Amazon will train on Twitch streamers’ content by default, unless they opt out

Startups

Twitch, owned by Amazon, is now utilizing creator content to train generative AI models, sparking significant backlash from its community. Users are opted in by default and must manually disable the setting to prevent their audio and video from being used. Twitch executives admitted that an opt-in system would be ineffective, while some creators remain concerned about whether their data was already used without their prior knowledge.

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Source: Tech Crunch

Grubhub’s $24M FTC settlement is finally reaching diners and drivers

Startups

The FTC is distributing $23.8 million to over 640,000 Grubhub drivers and customers following allegations of deceptive business practices. The settlement addresses claims that Grubhub misled workers about earnings, listed unaffiliated restaurants to inflate its platform size, and restricted customer account access. As part of the agreement, Grubhub must improve advertising accuracy and obtain restaurant consent before listing. This follows a separate $25 million settlement for California drivers.

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Source: Tech Crunch

AI coding startup Cognition reportedly already in talks to raise at $40B valuation

Startups

Cognition, the creator of AI coding agent Devin, is seeking a new funding round that could push its valuation to at least $40 billion. This follows a $26 billion valuation in May. The company reports strong enterprise growth and a previous annualized revenue run rate of $492 million. Devin focuses on automating tedious programming tasks for clients like NASA and Goldman Sachs rather than replacing human developers.

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Source: Tech Crunch

As AI safety concerns mount, three pioneers make the case for staying open

Startups

At the Ai4 conference, AI researchers Geoffrey Hinton, Fei-Fei Li, and Andrew Ng debated the merits of open-source AI. Andrew Ng emphasized openness to avoid corporate gatekeeping and maintain global competitiveness. Geoffrey Hinton warned about the risks of open-weight models but acknowledged their permanence. Fei-Fei Li advocated for a nuanced balance between open and closed systems. All three agreed that regulation is essential for safe development.

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Source: Tech Crunch

OpenAI-backed Thrive Holdings raises $2B to bring AI to the enterprise

Startups

Thrive Holdings has raised $2 billion at a $12 billion valuation from investors including SoftBank to expand its AI-driven private equity model. A spinout of Thrive Capital with backing from OpenAI, the firm acquires traditional businesses to implement AI workflows. Having already scaled accounting and IT platforms, Thrive now plans to launch a third vertical focused on regulatory services for critical physical infrastructure and built environments.

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AstroTalk turns unicorn via ESOP buyback

Startups

Spiritual-tech startup AstroTalk has achieved unicorn status with a $1 billion valuation, driven by an ESOP buyback funded through business profits. Founded in 2017, the company expanded from astrology consultations into spiritual commerce. In FY25, AstroTalk reported revenue of Rs 1,176 crore and a profit before tax of Rs 285 crore. This valuation marks a significant increase from its $300 million valuation reported in 2024.

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Source: Tech Crunch

Uber Freight reportedly investigating after hacking group claims data breach

Startups

The Helix hacking group claimed responsibility for a data breach at Uber Freight, stealing mailboxes, cloud storage, and dispatch documents. Uber Freight stated that business operations remain unaffected. The hackers, part of the UNC6671 collective, typically use voice phishing to gain system access. Google reports that Helix has collected over $10.6 million in ransoms this year by targeting transportation and financial firms through social engineering tactics.

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