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Bengaluru Tech Summit partners with We Make Future for Startup Exchange Programme

Startups

"Karnataka is expanding the Bengaluru Tech Summit 2026 through new partnerships with We Make Future and VivaTech. A new Startup Exchange Programme will help local startups access European markets, investors, and innovation networks in Italy, France, and Poland. Minister Priyank Kharge aims to transform the summit into a year-round global platform. The 2026 event, themed "AI & Beyond," expects thousands of delegates and exhibitors from over 75 countries.".

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Eternal reports Rs 92 crore net profit in Q1 FY27

Startups

Eternal, parent of Zomato and Blinkit, reported a consolidated net profit of Rs 92 crore and revenue of Rs 20,211 crore for Q1 FY27, marking significant growth over the previous year. Blinkit drove this surge, contributing Rs 15,664 crore in revenue and achieving a positive EBITDA. The company plans to prioritize long-term growth through infrastructure expansion, assortment diversification, and the launch of premium gourmet stores in major cities.

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Source: Startup

IndiaMART Shares Sink 7.5% To 52-Week Low As Paid Supplier Concerns Mount

Business • via Startup • Shrishti Bisht

"IndiaMART shares hit a 52-week low, closing 5.25% lower at ₹1,817.40 despite a 12% year-on-year increase in Q1 FY27 net profit to ₹172.2 crore. Investors reacted negatively to a third consecutive quarterly decline in paid suppliers, particularly within the silver tier. Brokerages Jefferies and Nomura maintained cautious ratings. Meanwhile, the company approved the creation of IndiaMART Finance to facilitate credit through lending partners for its users.".

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Inspecting a corroded ship hull is slow, dangerous work. Octobotics sends a robot instead

Startups

Octobotics, a Noida-based deeptech startup founded by marine engineers, develops specialized robots for non-destructive testing in the maritime, oil, and gas sectors. By automating corrosion and weld inspections, the company reduces human risk and minimizes unplanned shutdowns. With a strong client base including the Indian Navy, Octobotics recently raised Rs 10 crore in seed funding to pursue international expansion and obtain critical safety certifications.

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Every year, Indian workers die inside tanks. Unibose built a robot to take their place

Startups

Unibose, a Chennai-based deeptech startup, develops ATEX Zone-0 certified robots to clean industrial tanks, sewers, and rail wagons, eliminating the need for dangerous human entry. These cost-effective machines reduce cleaning time and operating costs by approximately 40%. Currently deployed at IndianOil and Borouge, the company is adopting a robot-as-a-service model to scale across India, the Gulf, and Southeast Asia, prioritizing worker safety and industrial efficiency.

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India's drones mostly run on Chinese hardware. ZeroDrag builds an Indian alternative

Startups

India's drone market heavily relies on Chinese electronics, posing strategic risks. To address this, ZeroDrag, founded in 2022, develops domestic avionics, including flight controllers and navigation modules, for various UAV manufacturers. Serving sectors like defense and agriculture, the startup recently raised Rs 6.5 crore in seed funding to scale production. ZeroDrag aims to provide a reliable, non-Chinese alternative for Indian and international drone makers.

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Dognosis is training dogs and AI to detect cancer from a breath sample

Startups

"Bengaluru-based startup Dognosis is developing a non-invasive disease screening tool by combining canine scent detection with technology. Using a brain-computer interface and machine learning, the company converts dogs' neural and behavioral responses to breath samples into measurable data. While early trials suggest 90% accuracy in detecting cancer, the tool is not yet clinically validated. Dognosis aims to provide affordable, early cancer detection, particularly for underserved populations in India.".

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Source: Startup

InGovern Asks SEBI To Examine Meesho’s GST Disclosures

Business • via Startup • Team Inc42

"Proxy advisory firm InGovern has urged SEBI to examine the GST classification used by Meesho's logistics arm, Valmo Transportation. InGovern alleges that Meesho applied a lower 5% tax rate instead of 18%, artificially reducing shipping costs and enhancing unit economics. While Meesho denies these claims and maintains full compliance, InGovern argues that the potential for retrospective tax liabilities constitutes a material risk that requires transparent disclosure to investors.".

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Source: Startup

Soket AI Wants To Turn The Language Gap In AI Into India’s Edge

Business • via Startup • Ankush Das

Soket AI Labs is developing Project EKA, a 120 billion-parameter open-source foundation model targeting Indian and over 20 Global South languages. Backed by ₹177 crore from the IndiaAI Mission, the startup focuses on reasoning, mathematics, and coding to support sectors like banking and defense. The company plans to release a smaller 24 billion-parameter model by 2026 before launching the full-scale version in 2027 to reduce foreign AI dependence.

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Source: Startup

Blinkit’s Q1 Adjusted EBITDA Rises To ₹102 Cr; ‘Others’ Losses Rise On Nugget R&D

Business • via Startup • Palak Sharma

Blinkit's adjusted EBITDA rose to ₹102 crore in Q1 FY27, up from ₹37 crore in the previous quarter, driven by strong revenue growth of 18.4% to ₹15,664 crore. This growth followed the addition of 200 dark stores, bringing the total to 2,443. Conversely, Eternal’s “Others” segment saw its adjusted EBITDA loss widen to ₹94 crore from ₹45 crore, primarily due to R&D investments for its AI platform, Nugget.

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Source: Tech Crunch

Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era

Startups

"Glow, a cybersecurity startup founded by former Meta and Snowflake executives, has emerged from stealth as a unicorn after raising $180 million in Series A funding. Valued at $1.2 billion, the company offers an AI-native endpoint security platform designed to prevent risky software and AI agents from entering enterprise environments. Glow competes with industry giants like CrowdStrike by focusing on proactive prevention rather than just threat detection.".

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Source: Startup

Eternal Q1: Profit Rises 3X YoY To ₹92 Cr But Declines 47% Sequentially

Business • via Startup • Akshit Pushkarna

Eternal, the parent company of Zomato and Blinkit, reported a consolidated net profit of ₹92 crore for the first quarter of FY27. This represents a nearly threefold increase from the ₹25 crore profit recorded in the same quarter last year, though it marks a 48% sequential decline from ₹174 crore. Operating revenue surged 182% year-on-year and 17% quarter-on-quarter, reaching ₹20,211 crore during the period under review.

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Source: Startup

Why India Is Betting On Chip Design Startups With ₹1.25 Lakh Cr ISM 2.0

Business • via Startup • Shraddha Goled

The Indian government is launching Semicon 2.0, shifting the India Semiconductor Mission's focus from general manufacturing to electronics systems and chip design. Moving beyond the grant-based model of the first phase, the government will now employ a grant-plus-equity approach, matching private investments to support fabless startups. This strategic shift aims to leverage India's design talent to create globally competitive semiconductor companies through catalytic capital.

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Source: Startup

Aye Finance Q1 Profit Jumps 144% YoY To ₹74.5 Cr

Business • via Startup • Lokesh Choudhary

NBFC Aye Finance reported a 143.5% year-on-year increase in net profit to ₹74.5 crore for the quarter ended June 2026. Revenue from operations rose 17.7% to ₹477.4 crore, while assets under management grew 28% to ₹7,324 crore. The company saw improved asset quality, with GNPA declining to 4.49%. Additionally, the board approved a proposal to raise up to ₹4,000.

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From a bag of naphthol to a ₹175 crore global colour business: The Vipul Organics story

Startups

Vipul Organics, a three-generation family business based in Maharashtra, specializes in pigments and dyes for global industries across 45 countries. With exports driving 70% of its revenue, the company recently reported record profits and expanded into automotive intermediates and water filtration membranes. Recognized for its stringent environmental certifications, the firm continues to grow its technical expertise while reducing India's import dependence in specialized chemical sectors.

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Source: Tech Crunch

Synthesia’s AI training platform is moving beyond videos into live coaching

Startups

Synthesia, a British AI startup, has launched Roleplay Sessions, an interactive training tool allowing employees to practice high-stakes conversations with AI avatars. Unlike traditional video training, this platform provides real-time feedback and scoring against specific rubrics. By integrating performance analytics, Synthesia is transitioning from a content generation tool to a performance-management platform, aiming to provide enterprises with measurable business outcomes and granular talent data.

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‘Cut 50% of the syllabus’: Ashok Jhunjhunwala’s bold plan for India

Startups

Prof Ashok Jhunjhunwala, a veteran technologist and subject of the biography Roots & Wings, advocates for creating 20 million entrepreneurs to transform India. He highlighted the success of the IIT Madras Research Park, which fostered 350 startups valued at Rs 70,000 crore. Jhunjhunwala also proposes scrapping half of the current education syllabus to prioritize building over exams and is developing a green urban transport system.

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Source: Startup

Smartworks Posts ₹13 Cr Profit In Q1, Revenue Zooms 44% YoY To ₹546 Cr

Business • via Startup • Palak Sharma

Coworking provider Smartworks reported a consolidated net profit of ₹13.1 crore for Q1 FY27, reversing a ₹4.2 crore loss from the same period last year, though profit fell 21% sequentially from Q4 FY26. Operating revenue grew 44% year-on-year to ₹546.2 crore, while total income reached ₹559.7 crore. Meanwhile, total expenses increased by 37.7% to ₹542.1 crore compared to the previous year's first quarter.

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India's chip dream was derailed in 1989. In 2026, it's roaring back

Startups

India is reviving its semiconductor industry after decades of interruption, transitioning from policy to execution. By 2026, the government approved 12 projects worth ₹1.64 lakh crore, with Semicon 2.0 adding ₹1.27 lakh crore. Key facilities like Micron's Sanand plant have begun commercial production. Focusing on mature nodes and chip design, India aims to build a sustainable ecosystem, though long-term success depends on manufacturing yield and continuity.

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Source: Startup

Orbit Achieved, Scale Pending: Why India’s Space Startups Need State-Backed Capital

Business • via Startup • Pranav Pai

Skyroot’s Vikram-1 successfully reached orbit on its first attempt, demonstrating India's exceptional capital efficiency in space technology compared to global competitors. While government venture capital has de-risked prototypes, the industry now requires sustained demand to scale manufacturing. To build a globally competitive sector, the Indian state must transition from providing subsidies to acting as an anchor customer through long-term procurement contracts for satellite launches.

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