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Source: Tech Crunch

Amazon fixing bug that billed some AWS customers billions of dollars

Startups

"Amazon Web Services is resolving a bug in its billing portal that caused some customers to see inaccurate estimates totaling millions or even billions of dollars. The issue, which began late Thursday, stems from a fault in the billing computation subsystem. Amazon clarified that these figures do not reflect actual usage or charges. Some affected users reported estimates as high as $2.5 billion while the company works on a fix.".

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Source: Tech Crunch

Patreon stops asking AI bots not to scrape — and starts blocking them

Startups

Patreon is strengthening its defenses against AI scraping by working with Cloudflare to block bots that train AI models on creators’ content without permission. The move marks a shift away from relying on websites using robots.txt alone to actively block unauthorized AI training.

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Source: Startup

MakeMyTrip Files Confidentially For India IPO

Business • via Startup • Gaurav Bagur

MakeMyTrip has confidentially filed for an India IPO of its subsidiary, MakeMyTrip (India) Limited, via an offer for sale by its US parent and Singapore-based subsidiary. The company aims to raise over $1 billion to strengthen its balance sheet, fund strategic acquisitions, and enhance brand visibility. This move would make it the second Indian travel tech firm listed in both the US and India, following Yatra.

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Source: Tech Crunch

Remarkable’s new Paper Pure is good. That’s why I wrote this review on it.

Startups

The reMarkable Paper Pure is a $399 distraction-free tablet designed for writers and researchers. Featuring a 10.3-inch monochrome display with improved resolution, it focuses on a pen-and-paper experience without notifications. Key updates include calendar synchronization, enhanced handwriting search, and seamless cloud integration with Drive and Dropbox. While not a full e-reader, the device excels at note-taking and sketching, offering a focused alternative to multitasking gadgets.

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Source: Startup

IPO-Bound Jio Platforms’ Q1 Profit Jumps 9% YoY To ₹7,764 Cr

Business • via Startup • Lokesh Choudhary

Jio Platforms reported a consolidated profit after tax of ₹7,764 crore for Q1 FY27, marking a 9.2% year-on-year increase despite a slight sequential dip. Operating revenue rose 11.8% YoY to ₹39,173 crore, while EBITDA grew 15.1% to ₹20,865 crore. Growth was driven by digital services, rising ARPU to ₹215.6, and a subscriber base of 533 million, although higher finance costs from 5G assets partially offset gains.

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(Weekly funding roundup July 11-17) Sharp rise in VC inflow led by AI deals

Startups

"Venture capital funding for Indian startups surged to $431 million across 23 deals in the third week of July, a significant increase from the previous week's $107 million. This growth, the fourth highest weekly total this year, was driven by high-value transactions, particularly in AI. Notable investments include $160 million for Udaan and $130 million for AI startup Emergent, signaling renewed investor confidence in India's tech ecosystem.".

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Source: Tech Crunch

No product? No problem. This Disrupt 2026 session shows how to get pre-seed funding with conviction, storytelling

Startups

TechCrunch Disrupt 2026 will take place from October 13-15 in San Francisco, featuring a specialized "Winning Pre-Seed Without a Product" panel on the Builders Stage. Experts Sandhya Venkatachalam, Puneet Agarwal, and Austin Clements will discuss how pre-seed founders can secure funding despite rising seed-stage expectations driven by AI. The event offers workshops on fundraising and go-to-market strategies for founders and investors within the startup ecosystem.

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Source: Tech Crunch

Zoox issues software recall after a robotaxi got confused by heavy smoke

Startups

"Amazon-owned Zoox has issued a software recall for its fleet of 105 robotaxis after a vehicle struggled to navigate a smoke-filled emergency fire scene in June. No injuries occurred, and a software update has been deployed. This action follows NHTSA warnings to autonomous vehicle developers regarding interference with first responders. Zoox continues testing in Las Vegas and San Francisco while awaiting federal exemptions for its steering-wheel-less design.".

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5 Books that changed millions of lives around the world

Startups

Certain books transcend cultures to influence millions by shaping habits and perspectives. Key examples include Stephen Covey's focus on character, Paulo Coelho's exploration of destiny, and Viktor Frankl's lessons on resilience. Additionally, James Clear emphasizes small improvements, while Napoleon Hill highlights the power of mindset. Together, these works address universal human challenges, offering timeless wisdom that inspires sustainable personal growth and lifelong achievement.

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Source: Startup

Profitability, Geopolitical Concerns Weigh On Zepto’s IPO Valuation

Business • via Startup • Shrishti Bisht

Zepto is preparing for an IPO with a projected post-money valuation of approximately $5.1 billion, down from its $7 billion peak. Despite concerns regarding cash burn and profitability, the offering has attracted strong institutional interest, with Norges and Motilal Oswal expected to hold 40-45% of the anchor book. The company plans to use IPO proceeds to expand its dark store network and enhance technology infrastructure.

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Aurrevia launches Category III alternative investment fund

Startups

Investment platform Aurrevia has launched a Category III alternative investment fund, supported by a $10 million anchor commitment from the Kothari Family Office through Aarii Ventures. Utilizing a proprietary "TechnoValue" framework, the fund blends deep value investing with momentum strategies to achieve long-term, risk-adjusted returns. The fund excludes sectors like tobacco and gambling, targeting India's expanding alternative investment market through disciplined research and active risk management.

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Source: Startup

Turtlemint Turns Profitable In Q4, Posts PAT Of ₹3 Cr

Business • via Startup • Akshit Pushkarna

Insurtech company Turtlemint achieved profitability in the March quarter of FY26, reporting a consolidated net profit of ₹3.1 crore compared to a ₹39.4 crore loss in the same period last year. Operating revenue for the quarter rose 42% year-on-year to ₹357.2 crore. For the full fiscal year FY26, the company narrowed its net loss to ₹184.3 crore, while annual operating revenue grew 66% to ₹1,098.2 crore.

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Source: Startup

Decoding Meesho’s Zero-Commission Model & Seller-Centric Revenue Engine

Business • via Startup • Palak Sharma

Meesho is an affordable e-commerce marketplace targeting semi-urban India, reporting ₹12,626 crore in FY26 revenue. Unlike competitors, Meesho employs a zero-commission model, instead generating income through logistics via its Valmo platform, seller advertising, and content services. After its December 2025 IPO, the company is focusing on reducing losses and diversifying into AI and financial services to achieve long-term sustainable profitability amidst high acquisition costs.

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Source: Startup

Why RBI’s Data Governance Push Puts Fintech Partners In A Spot

Business • via Startup • Lokesh Choudhary

The Reserve Bank of India has proposed a data governance framework making regulated lenders accountable for data handled by fintech partners. The draft requires banks and NBFCs to establish a "Single Source of Truth," ensure end-to-end traceability, and implement board-approved governance structures. While primarily targeting lenders, the framework will likely force fintechs to increase compliance spending and upgrade data architecture to meet stricter partner demands.

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Naturis Cosmetics raises Rs 100 Cr led by Sharrp Ventures

Startups

Naturis Cosmetics, a beauty and personal care CDMO, raised Rs 100 crore in a funding round led by Sharrp Ventures. The company plans to use the capital to establish a production facility in Vapi, an R&D center in Mumbai, and an experience center in the NCR region. With partnerships including Nykaa and Dr. Reddy’s, Naturis aims to diversify into high-growth categories and expand its manufacturing capabilities.

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How a Woman Mukhiya Built Bihar's Digital Panchayat

Startups

Dawa Panchayat in Bihar's Bhojpur district has become a model of rural transformation under Mukhiya Shushumalata Kushwaha. The village earned the Deen Dayal Upadhyay Panchayat Sashaktikaran Puraskar for advancements in e-governance, sanitation, and education. Notable achievements include becoming the district's first ODF Plus panchayat and establishing a digital government building. Further initiatives focus on menstrual hygiene and reducing school dropouts through community participation and leadership.

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Armory first built a counter-drone system in six months, and now it has a Rs 100 crore defence order

Startups

Gurugram-based startup Armory, founded in 2024, has developed SURGE, an indigenous counter-drone system. Powered by the AI-driven Samaritan OS, the system detects and neutralizes hostile drones by continuously learning new radio-frequency signatures. Armory secured Rs 100 crore in Ministry of Defence contracts following rapid field trials. Having raised Rs 35 crore in equity, the company now aims to expand its hardware portfolio and pursue international partnerships.

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Cost-effective drones are winning wars, and Unmannd is building the ones that fight back

Startups

Bengaluru-based startup Unmannd, founded in February 2025, develops autonomous aerial platforms for the Indian defence sector. Its core products include Titan, an Army-certified heavy-lift logistics drone, and Fury, a counter-drone interceptor. Utilizing a full-stack autonomy model for GPS-denied environments, the company recently raised $2 million in pre-seed funding from Speciale Invest and Accel to commercialize its technology and expand its team for indigenous military procurement.

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H2LooP is building AI coding tools for the software hidden inside hardware

Startups

Bengaluru-based startup H2LooP is developing specialized AI to automate low-level firmware and driver development for mission-critical industries. By combining small language models with a proprietary hardware knowledge graph, the company accelerates engineering velocity in semiconductors, automotive, and defense sectors. Recently raising $2 million in seed funding, H2LooP offers secure, on-premises deployments to ensure code privacy while improving the speed and accuracy of hardware-software integration.

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Paar Autonomy is building the eyes for India's drones, ground robots and boats

Startups

Bengaluru-based startup Paar Autonomy, founded in 2024 by Vignesh Jayaraman, is developing a multi-sensor perception layer for autonomous air, land, and sea vehicles. Utilizing agentic AI and gyro-stabilized gimbal cameras, the system enables autonomous navigation and threat detection for defense and industrial applications. The pre-revenue company recently raised Rs 3.5 crore in pre-seed funding to establish manufacturing and validate its technology through pilot testing.

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