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Source: Tech Crunch

Why the first GPU financiers are turning to inference chips in a $400 million deal

Startups

"AI inference startup General Compute has secured a $400 million loan from Upper90, marking a potential first for using inference-specific chips as collateral. Utilizing SambaNova's SN50 chips, the company aims to offer faster, more cost-effective AI inference for open-source models compared to traditional GPU-based clouds. This financing reflects a growing market shift toward diverse hardware alternatives to challenge Nvidia's dominance in the AI infrastructure sector.".

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PM Narendra Modi launches India's first hydrogen train: what it really changes

Startups

Prime Minister Narendra Modi launched India's first hydrogen-powered passenger train on July 17, 2026, in Haryana. Operating on the Jind-Sonipat section, this indigenous 10-coach train is the world's largest by capacity, carrying 2,600 passengers. Emitting only water vapor, it targets non-electrified and heritage routes. Indian Railways plans to deploy 35 such trains under a Rs 2,800 crore roadmap to achieve a fully green railway network.

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Source: Startup

Khosla Ventures Backed upliance.ai Launches AI-Powered 12L Smart Oven

Business • via Startup • Inc42 BrandLabs

Smart appliances startup upliance.ai has launched a 12L Smart Air Fryer Oven, expanding into the large-family cooking segment. Priced at ₹15,999, the India-engineered appliance features proprietary "Texture Control" technology and a context-aware AI cooking assistant to replace traditional time and temperature settings. Available via Amazon and the company's website, the device uses a unified kitchen OS to ensure consistent results and moisture retention.

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This Mumbai startup turns unrecyclable plastic into paint and adhesive chemicals

Startups

Mumbai-based startup Tulon Materials is upcycling complex plastic waste into chemical resins for specialty chemicals, including paints, inks, and adhesives. Founded in 2022, the company leverages AI and deep industry expertise to replace fossil-derived raw materials. Having secured a Rs 10 crore seed round, Tulon aims to scale its "Made in India" products for both domestic and European markets, focusing on industrial-grade sustainability.

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Becoming Quotient raises ₹7.5 crore to build a career growth platform

Startups

Mumbai-based career growth platform Becoming Quotient (BQ) has raised ₹7.5 crore in pre-seed funding from family offices and industry professionals. The company aims to create a portable, evidence-based record of professional development that follows employees across roles, addressing the lack of infrastructure for measuring growth. BQ will use the capital for product development and national expansion, targeting enterprise customers to improve employee engagement and productivity.

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Source: Startup

DPDP Is Coming Fast But Indian Startups Are Moving At Different Speeds

Business • via Startup • Shraddha Goled

"Indian startups are racing to comply with the Digital Personal Data Protection (DPDP) Act, with the first milestone arriving in four months. Non-compliance risks severe penalties up to ₹250 crore and potential operational damage. While regulated sectors are better prepared, many MSMEs struggle with data mapping and high implementation costs. Beyond fines, poor data governance may hinder fundraising and enterprise partnerships as investors prioritize regulatory readiness.".

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Source: Startup

WeWork India Sinks 10% As Q1 Net Loss Weighs On Investor Sentiment

Business • via Startup • Shrishti Bisht

WeWork India shares dropped nearly 10% after the company reported a Q1 FY27 consolidated net loss of ₹4.1 crore, despite a 28% revenue increase to ₹683.8 crore. Management attributed the loss to accounting transitions, noting an IGAAP-equivalent profit of ₹53.2 crore. With occupancy at 84.9%, the firm reaffirmed its FY27 growth guidance and plans to add 28,000 desks while diversifying into enterprise services.

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Source: Startup

BYJU’S Inches Closer To Resolving Aakash Dispute After Creditors’ Nod

Business • via Startup • Shrishti Bisht

Creditors of Think & Learn, the parent company of BYJU'S, have approved a settlement proposal to resolve a long-standing dispute over Aakash Educational Services' shareholding. Under the deal, lenders would acquire approximately 30% of Aakash at a $2 billion valuation and drop legal actions against founder Byju Raveendran. The National Company Law Tribunal has scheduled the next hearing for August 18 to finalize the ownership arrangement.

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Source: Startup

Kissht Receives Certification For Mutual Fund Distribution

Business • via Startup • Anjali Jain

"OnEMI, the parent company of lending tech platform Kissht, has received AMFI authorization for its subsidiary, Invincible Minds, to operate as a mutual fund distributor in India. This move aligns with the company's strategy to diversify revenue streams into wealth management. Financially, Kissht reported a 75% increase in net profit to ₹281.5 crore in FY26, with operating revenue rising 63% to ₹2,179.3 crore.".

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AI won't replace people, it'll replace the incurious, says Hostinger CMO Kristina Strimaite

Startups

Hostinger CMO Kristina Strimaite asserts that AI will replace workers who refuse to adapt rather than people themselves. The Lithuanian company, which grew bootstrapped to reach 275.4 million euros in 2025 revenue, emphasizes global expansion and AI integration. With India as its largest market, Hostinger leverages AI for marketing and decision-making, while encouraging founders to prioritize customer relationships over operational tasks automated by technology.

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Source: Startup

JFS’ Profitability Flex, Reo.Dev Bags $11 Mn & More

Business • via Startup • Team Inc42

Jio Financial Services reported a profitable Q1 FY27 with revenue exceeding ₹2,000 crore, driven by its lending and payments arms. Meanwhile, Reo.Dev raised $11.3 million, and Aurum approved the acquisition of Housing.com. Agnikul added a former ISRO chief to its board, while Meesho saw increased domestic investment. Conversely, WeWork India returned to a net loss, and health startup The Sweet Change reported strong early revenue growth.

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Andhra Pradesh’s founder-first growth strategy; Wipro’s net profit remains flat

Startups

Agnikul appointed Dr S Somanath for Mission 02, while Tech Mahindra and Wipro reported mixed Q1 FY27 financial results. Nvidia launched Cosmos 3 Edge for physical AI, and Meta introduced teen safety guardrails. Meanwhile, EU regulators pressured Google to increase accessibility. Andhra Pradesh is pivoting toward an entrepreneurship-first growth model, and Swara Baby Products filed for an IPO. Additionally, US regulators are probing Samsung's memory chips.

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Source: Tech Crunch

San Francisco mayor pushes for tougher rules after the Waymo traffic fiasco

Startups

San Francisco Mayor Daniel Lurie has urged California state regulators to strengthen rules for autonomous vehicles following major traffic jams caused by stranded Waymo robotaxis. Citing incidents during a power outage and July 4 fireworks, Lurie proposed four core operational capabilities, including real-time data sharing and the immediate removal of immobile vehicles. He argues that current frameworks fail to ensure reliability during extraordinary events and large-scale traffic disruptions.

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Source: Tech Crunch

SpaceX suddenly aborts second Starship V3 launch after ignition

Startups

The company didn't immediately say what went wrong. SpaceX's stock plunged more than 4% in after-hours trading before paring losses.

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Source: Tech Crunch

Coca-Cola suspended production at its Fairlife dairy after a ransomware attack

Startups

"Coca-Cola has announced that its dairy subsidiary, Fairlife, was targeted by a ransomware attack, leading to the temporary suspension of its production operations across the United States. While Canadian operations remain unaffected, the company has not provided a timeline for system restoration. Fairlife is a significant brand for Coca-Cola, with projected sales of $4 billion by 2024, highlighting the potential impact of this cyberattack.".

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Source: Tech Crunch

Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her Mafia skills)

Startups

Ryan Beiermeister has joined Founders Fund as a partner, bringing experience from Palantir, Meta, and OpenAI. Previously the VP of Product Policy at OpenAI, she departed following a dispute over a planned "adult mode" feature. Beiermeister, who recently appeared on the firm's "Mafia" YouTube show, aims to back high-stakes startups in AI infrastructure, defense, energy, climate, and biotech, targeting founders who challenge traditional molds.

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Source: Tech Crunch

Google Vids now lets you star in your own AI videos

Startups

Google has updated Google Vids, evolving it from a presentation tool into a comprehensive video creation platform. The update introduces custom digital avatars based on user selfies and voice recordings, alongside the integration of Gemini Omni. This multi-modal AI enables video generation from prompts and images, supports step-by-step editing, and offers lighting and background adjustments. These features target business users while competing with AI video startups.

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Source: Tech Crunch

Roblox launches an AI-powered game creation feature in its mobile app

Startups

Roblox has introduced "Build," an AI-powered feature allowing mobile users to create games using text prompts without programming experience. While critics worry about an influx of low-quality content, Roblox plans to use player retention metrics to rank and filter games. The feature enters public alpha testing on July 28 in New Zealand. Roblox is also developing AI agents for playtesting and advanced 3D scene-generation models.

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Source: Tech Crunch

Oil giant BP shutters its corporate venture arm after 20 years

Startups

BP is selling most of its venture portfolio, comprising over ten companies, to Nordic private equity firm Verdane. This move follows BP's pivot away from clean energy. The portfolio, which includes investments in green hydrogen and e-mobility, has seen limited financial growth since 2007. BP will retain a few strategic assets, with the sale expected to conclude by the second quarter of 2027.

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Source: Tech Crunch

Uber’s $14.8B Delivery Hero deal would nearly double its global footprint

Startups

Uber has agreed to a $14.8 billion all-stock acquisition of Delivery Hero, expanding its delivery footprint to nearly 100 global markets. Simultaneously, Delivery Hero will sell operations in 14 markets to SSW Partners for $1.6 billion. While the deal faces regulatory scrutiny and requires a minimum share acceptance threshold, it aims to strengthen Uber's competitive position against DoorDash and Just Eat by doubling its service reach.

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