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Source: Tech Crunch

Saudi Aramco backs India’s Mitti Labs to make Asia’s rice farming more water-resilient

Startups

"Climate-tech startup Mitti Labs has raised $9.5 million in a Series A round led by Aramco Ventures to expand its AI-driven platform across Asia. By combining satellite imagery and field data, the company helps rice farmers reduce water consumption by 40% and methane emissions by over 50%. Currently serving 100,000 Indian farmers, Mitti Labs plans to expand into the Philippines and Indonesia to scale its environmental impact.".

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Startup news and updates: Daily roundup (August 5, 2026)

Startups

Freshworks returned to profitability in Q2 with rising AI demand. Several startups secured funding, including InRisk Labs, Hulp, Vingo, and Zoppler Systems. Key partnerships emerged between Cars24 and DPIIT, and Cisco and IIT Delhi. Additionally, UNESCO launched an AI ethics course, while companies like BLUE, Aziro, and Cloud.in introduced new AI and quantum platforms. Cleartrip expanded its bus services, and SAP Labs hosted its.

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Meta global team meets top IT ministry officials on govt summons over PM's FB post takedown

Startups

Meta's global executives met with India's IT ministry following the brief removal of Prime Minister Narendra Modi's Facebook post. While Meta cited a technical glitch, the government found the explanation inadequate. Discussions also addressed child sexual abuse material on Instagram, algorithmic bias, and national security concerns. The Indian government is demanding greater accountability and compliance from Meta's international leadership to ensure platform safeguards and legal adherence.

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Govt notifies norms to facilitate ecommerce firms undertaking inventory-based online exports

Startups

The Indian government now permits foreign direct investment in inventory-based ecommerce models exclusively for exports to boost outbound shipments. These firms must register as an exporter-on-record and procure made-in-India goods only against confirmed orders, prohibiting speculative stockpiling. This framework aims to help Indian manufacturers and MSMEs access global markets by streamlining logistics and compliance, while ensuring transparency and timely payments to domestic sellers.

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From a small room to a 100,000 sq m manufacturing powerhouse

Startups

D-Lyft, based in Rohtak, Haryana, has evolved from a small setup into a 100,000-square-metre manufacturing campus with over 400 employees. The company focuses on in-house precision engineering to reduce import dependence and export world-class products. Its operations span two main segments: event infrastructure and mobility, including bicycle frame manufacturing. By investing in automation and local talent, D-Lyft aims to strengthen its global presence and innovation.

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5 Lessons from The Anxious Generation by Jonathan Haidt

Startups

, social psychologist Jonathan Haidt argues that the shift toward phone-based childhoods has fueled a mental health crisis among youth. He contends that replacing real-world experiences and face-to-face interactions with social media has increased anxiety and loneliness. Haidt emphasizes that addressing these systemic issues requires collective action from parents, educators, and policymakers to restore resilience and foster healthier development for the next generation.

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Freshworks beats revenue estimates, turns profitable in Q2

Startups

Freshworks reported a return to profitability in the second quarter of 2026, posting a net profit of $3.2 million. Revenue grew 16% to $237.4 million, driven by strong demand for its AI offerings, including the Freddy AI Copilot. The company also saw significant growth in high-value customers and expects full-year 2026 revenue between $963.5 million and $966.5 million, reflecting a consistent pattern of execution and growth.

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Source: Tech Crunch

Wispr Flow launches a Granola-styled meeting notetaker

Startups

"Wispr Flow has launched an AI-powered meeting notetaker for Mac that utilizes system audio to transcribe meetings without joining them. The tool generates summaries, action items, and insights, allowing users to query meeting history. Competing with services like Otter and Fireflies, the startup aims to expand its AI assistant capabilities. Wispr Flow has raised over $81 million and is reportedly seeking a valuation of $2 billion.".

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Insuretech startup InRisk Labs raises $27M in Series A

Startups

"Ahmedabad-based insuretech startup InRisk Labs has raised $27 million in a Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital. The company plans to enhance its AI, underwriting, and catastrophe-modelling capabilities while expanding coverage for climate and natural catastrophe risks. The funding will also scale its subsidiary, EarthRe, a licensed reinsurer focusing on providing tailored solutions for India and the Global South.".

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Adiabatic Technologies raises Rs 8.3 crore to power robots and drones

Startups

Adiabatic Technologies has raised Rs 8.3 crore in seed funding led by Malpani Ventures and Avinya Ventures to scale its lithium-ion battery systems. The company specializes in custom battery packs and proprietary battery management systems for robotics, drones, and defense sectors. The capital will expand manufacturing capacity to 100 MWh annually and accelerate product development, focusing on high-performance engineering for demanding industrial environments across India.

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MapmyIndia profit rises 8.6% to Rs 49.7 Cr in June quarter

Startups

CE Info Systems, operating as MapmyIndia, reported a consolidated profit of Rs 49.7 crore for the first quarter ended June 30, 2026, marking an 8.6% increase. Revenue grew 14.9% to Rs 139.7 crore. The company is expanding its AI-powered deep-tech geospatial and IoT capabilities. Additionally, Rohan Verma has been appointed as Joint Managing Director effective July 1, 2026, subject to shareholder approval.

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Apple India FY26 revenue grows 20% to near Rs 1 lakh Cr

Startups

Apple's revenue in India surged over 20% in FY26, nearly reaching Rs 1 lakh crore, driven by a 24% increase in iPhone shipments to 14 million units. This growth is attributed to expanded retail presence, local manufacturing, and flexible financing. While supply constraints and rising component costs may lead to price hikes, analysts view India as a critical growth market with significant long-term potential for Apple.

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SAIF Partners, Elevation Capital sells 2.3% stake in Paytm for Rs 2,038 Cr

Startups

"Private equity firms SAIF Partners and Elevation Capital sold a combined 2.33% stake in One 97 Communications, the owner of Paytm, for Rs 2,038 crore. The block deal involved 1.49 crore shares sold at an average price of Rs 1,367.80. Various domestic institutional investors and global firms purchased the shares. Following the transaction, One 97 Communications' shares closed nearly 1% lower at Rs 1,400 on the National Stock Exchange.".

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Nykaa net profit soars over 3X; VC funding remains modest

Startups

Former Swiggy and Zomato leaders launched Profound, an AI assistant startup. Nykaa reported a threefold profit increase to Rs 79.76 crore and is acquiring Aminu. Meanwhile, Nazara Technologies faced a net loss, and Indian VC funding dropped to $804 million in July. Other highlights include JioBlackRock's new Nifty 50 ETF, Amazon's $21-billion cloud investment in India, and Apple's legal battle with OpenAI over trade secrets.

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Source: Tech Crunch

Elon Musk repeatedly one-upped his execs on SpaceX’s first earnings call

Startups

During SpaceX's first earnings call, Elon Musk made ambitious predictions regarding the company's future, including reaching $1 trillion in revenue by 2030 and Starlink providing most of the world's internet within a decade. While Musk claimed Starship human flights could begin next year, executives provided more tempered, cautious projections. As a public company, these divergent claims raise potential regulatory concerns regarding investor expectations and corporate accountability.

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Source: Tech Crunch

Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis

Startups

Lucid Motors CEO Silvio Napoli has launched an "operational reset" to reduce cash spending by $1.4 billion and stabilize the company's finances. The plan includes significant layoffs, leadership changes, and cost-cutting measures to extend liquidity into 2027. Key growth priorities include a mid-sized electric vehicle, a Saudi Arabian factory, and a robotaxi partnership with Uber and Nuro, aiming for profitability despite a recent $1.26 billion quarterly loss.

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Source: Tech Crunch

How to get the best hotel deals for TechCrunch Disrupt 2026

Startups

"TechCrunch Disrupt 2026 will take place from October 13 to 15 at Moscone West in San Francisco. To assist attendees, the event has partnered with several nearby hotels, including the Hyatt Regency and InterContinental, to offer discounted rates with flexible cancellation policies. Additionally, a limited-time flash sale provides $100 off tickets until August 7, and discounts are available for registering teammates to join the experience.".

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Source: Tech Crunch

SpaceX has bought $329M worth of Tesla Megapacks so far this year

Startups

SpaceX has increased its investment in Tesla Megapacks, spending $329 million this year to support data centers for its merged AI entity, xAI. These industrial batteries provide critical backup power and stabilize energy demands for GPUs. Additionally, SpaceX reported purchasing $131 million in Tesla Cybertrucks. These transactions highlight the deep operational and financial integration between Elon Musk’s various companies, including Tesla, SpaceX, and xAI.

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Source: Tech Crunch

SpaceX doubles revenues on Anthropic and Google compute deals, Starlink growth

Startups

"SpaceX reported a 92% revenue increase, growing from $4 billion in Q2 2025 to $7.8 billion in Q2 2026. This growth was driven by Starlink and AI computing deals with Google and Anthropic. Despite the largest IPO in history and a $1.75 trillion valuation, the company's shares have fallen below the $135 IPO price, closing recently at over $125 before dropping further in after-hours trading.".

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Source: Tech Crunch

Android app developers may be unwittingly sharing their users’ location data with advertisers

Startups

The Electronic Frontier Foundation (EFF) warns app developers that third-party code (SDKs) in their apps often collect users' precise location data by default. When users grant location permission to an app, embedded SDKs inherit this, sharing sensitive data with advertisers and data brokers, often without the developer's knowledge. This information can be sold to governments and intelligence agencies, posing significant privacy risks. The EFF urges developers to disable unnecessary data collection to protect user privacy.

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