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Groyyo raises Rs 90 Cr in first close of Series B round led by Cornerstone Ventures

Startups

AI-driven fashion supply chain platform Groyyo has raised Rs 90 crore in the first close of its Rs 200 crore Series B funding round led by Cornerstone Ventures. The Gurugram-based startup will use the capital to enhance its AI capabilities, expand its manufacturing network, and accelerate global growth. Groyyo connects international brands with manufacturers to digitize apparel sourcing, aiming for revenues exceeding Rs 3,000 crore within three years.

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Source: Startup

Ahead Of Mission II, Spacetech Soonicorn Agnikul Ropes In Ex-ISRO Chairman Somanath As Board Observer

Business • via Startup • Anne Florentyna

Spacetech startup Agnikul Cosmos has appointed former ISRO chairman Dr Somanath S as a board observer to support its upcoming second space mission. Mission II will utilize a two-stage Agnibaan rocket to demonstrate the recovery of an orbital-class booster through controlled ocean descent and the conversion of its upper stage into an on-orbit platform. This development highlights the growing momentum of India's private space sector and government support.

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Neo Group raises Rs 350 Cr in funding led by Peak XV Partners

Startups

Wealth and asset management firm Neo Group has raised approximately Rs 350 crore in a funding round led by Peak XV Partners. This capital infusion follows a previous Rs 550 crore investment from TVS Capital. Neo Group plans to use the funds to enhance its technology platform, expand its advisory network, and develop new products. The Mumbai-based firm currently manages approximately Rs 1.3 lakh crore in client assets.

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Source: Tech Crunch

Why AMI Labs’ Alexandre LeBrun won’t call his AI ‘AGI’ or ‘superintelligence’

Startups

AMI Labs CEO Alexandre LeBrun is developing world models to provide physical context and safety for robotics, distinguishing them from language models. Co-founded by Yann LeCun, the pre-product startup raised $1.03 billion to build AI that understands real-world physics. LeBrun is currently scouting partners in South Korea, leveraging the nation's advanced semiconductor and manufacturing sectors to move AI from the lab into practical, real-world applications.

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Quick Clean raises $14M in Series B round led by Stakeboat Capital

Startups

"Quick Clean, an institutional laundry infrastructure provider, has raised $14 million in Series B funding led by Stakeboat Capital. The company provides build-own-operate on-premise laundry services for hotels and hospitals. Quick Clean plans to use the capital to expand its Indian network from 140 to 500 units, invest in AI-driven automation, and enter Southeast Asian and Middle Eastern markets while maintaining its focus on water-efficient sustainability.".

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Source: Tech Crunch

Moonshot’s upcoming Kimi 3 is expected to close the gap with Anthropic’s Opus 4.8

Startups

Chinese AI lab Moonshot AI is set to release Kimi K3, which may rival Anthropic’s Opus 4.8. As China's largest open-weight model with 2 to 3 trillion parameters, Kimi K3 aims to close the gap with closed-source frontier models. Meanwhile, Moonshot is seeking new funding at a $31.5 billion valuation as industries increasingly favor open-source alternatives over expensive, closed-source options for better data privacy.

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Source: Startup

B2B Garment Manufacturing Platform Groyyo Raises ₹90 Cr To Expand Supplier Network

Business • via Startup • Anne Florentyna

B2B manufacturing startup Groyyo has secured ₹90 crore as part of its ₹200 crore Series B funding round led by Cornerstone Ventures. The Gurugram-based company will use the capital to expand its factory network, enhance its AI-powered design platform, and grow its presence in North America, Europe, and the Middle East. Groyyo helps global fashion brands diversify sourcing away from China by digitizing the apparel supply chain.

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NITI Aayog charts 2047 roadmap to expand India's Bioeconomy to $2.6T

Startups

A NITI Aayog report suggests India can scale its bioeconomy to $691 billion by 2035 and $2.6 trillion by 2047 through coordinated national execution. To achieve this, the government needs mission-mode BioMissions, regulatory reforms, and a Rs 50,000 crore Growth Fund. By integrating AI-enabled biotechnology and biomanufacturing, India aims to create 30 million high-value jobs and become one of the world's top three biotechnology powers.

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Source: Startup

Mutual Funds Raise Meesho Bets As Early Foreign Investors Trim Stakes

Business • via Startup • Akshit Pushkarna

Domestic institutional investors increased their stake in Meesho during the June quarter, offsetting sales by foreign backers following the expiration of the post-IPO lock-in period. Mutual fund holdings rose to 7.93%, with SBI Mutual Fund becoming the largest domestic shareholder. Conversely, foreign company holdings declined to 62.05% as several investors exited. This shift reflects a broader trend of domestic investors replacing foreign venture capital in Indian tech firms.

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Source: Startup

logcat.ai Bags $2.5 Mn To Build AI Platform For Android, Linux Engineering

Business • via Startup • Shrishti Bisht

Enterprise AI startup logcat.ai has raised $2.5 million in pre-seed funding led by Founders' Co-op to automate Android and Linux device engineering. The Seattle-based company will use the capital to expand its engineering team and enhance its AI platform, Delta, which identifies software issues and recommends code-level fixes. Targeting hardware manufacturers, logcat.ai aims to accelerate product launches for devices like smartphones and robots.

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Source: Tech Crunch

Apple Intelligence approved for launch in China with Alibaba and Baidu

Startups

"Apple Intelligence is launching in China after receiving approval from the Cyberspace Administration of China. To enter the market, Apple has partnered with Alibaba to integrate the Qwen AI model into its operating systems. Baidu is also collaborating on AI features, while Apple explores further integrations with ByteDance and DeepSeek. This move supports Apple's growth in Greater China, where sales recently rose 28% in the second quarter.".

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Source: Startup

Jio Financial Services Q1: Profit Surges 2.6X YoY To ₹830 Cr

Business • via Startup • Akshit Pushkarna

Fintech company Jio Financial Services’ (JFS) net profit zoomed 2.6X to ₹830.3 Cr in the first quarter (Q1) of FY27.

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Musk quietly buys APR Energy in $1B deal to power Grok

Startups

Elon Musk personally acquired APR Energy for over $1 billion to secure fast-deployable mobile power plants for xAI's Grok chatbot data centers. By purchasing the company personally rather than through his corporate entities, Musk avoids shareholder scrutiny and board oversight. The deal highlights the urgent need for electricity in the AI race, as mobile gas and diesel turbines bypass lengthy utility grid interconnection queues.

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Conquest BITS Pilani Selects 22 Startups from Over 3,000 Applications for Its 2026 Cohort

Startups

Conquest, Asia's largest student-run startup accelerator from BITS Pilani's Centre for Entrepreneurial Leadership, has selected 22 startups for its 2026 cohort from over 3,000 applications. Operating on a zero-equity, zero-cost model, the program focuses on diverse sectors including AI, healthcare, and deep-tech. Selected founders will undergo structured mentorship and a Bengaluru-based workshop, culminating in a Demo Day to present their scalable, global-facing innovations to investors.

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Source: Startup

Inside Cosmos Diamonds’ Bootstrapped Push Into India’s Lab-Grown Jewellery Market

Business • via Startup • Inc42 BrandLabs

Founded by Sanjana Tripuramallu, Cosmos Diamonds is a bootstrapped lab-grown jewellery brand focusing on heritage-inspired designs and a unique 100% buyback policy to build consumer trust. The company reported ₹20 Cr revenue in FY26 and targets ₹55 Cr for FY27, aiming for a ₹100 Cr ARR by late 2027. As India's lab-grown diamond market grows, the brand plans to expand its physical retail presence across several major cities.

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5 Books that will change your mindset in a weekend

Startups

* Role: Professional editor. * Task: Summarize the provided news article. * Length: Exactly 60 to 70 words. * Tone: Neutral. * Focus: Key facts. * Constraints: No introductory phrases, no conclusions, no bullet points, no lists, no metadata. * Formatting: Wrap in `<summary>` and `</summary>` tags. * Main theme: Short books that can change your mindset over a weekend. * Books mentioned: 1. *The Four Agreements* (Don Miguel Ruiz) - Principles for emotional freedom. 2. *Man's Search for Meaning* (Viktor E. Frankl) - Finding purpose in adversity. 3. *The Psychology of Money* (Morgan Housel) - Behavior and decision-making. 4. *The Comfort Book* (Matt Haig) - Self-compassion and balance. 5. *Who Moved My Cheese?* (Spencer Johnson) - Adapting to change. * *Draft 1:* Changing your mindset doesn't require long books; several short reads can offer life-altering perspectives in a single weekend. Don Miguel Ruiz’s *The Four Agreements* promotes emotional freedom, while Viktor Frankl’s *Man's Search for Meaning* focuses on resilience. Morgan Housel explores behavioral finance in *The Psychology of Money*, Matt Haig offers comfort and balance, and Spencer Johnson’s *Who Moved My Cheese?* teaches adaptability in a changing world. (68 words) * *Word Count Check (Draft 1):* 1. Changing 2. your 3. mindset 4. doesn't 5. require 6. long 7. books; 8. several 9. short 10. reads 11. can 12. offer 13. life-altering 14. perspectives 15. in 16. a 17. single 18. weekend. 19. Don 20. Miguel 21. Ruiz’s 22. The 23.

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Source: Startup

Aina Raises $5.5 Mn From Info Edge, Others To Build AI Hardware Interface

Business • via Startup • Shrishti Bisht

AI hardware startup Aina has emerged from stealth after securing a $5.5 million seed round co-led by Redstart Labs and 360 ONE Asset. Founded by Apoorv Shankar, the company aims to develop context-aware, AI-native interfaces that move computing beyond smartphones and PCs. Aina will use the funding to launch its flagship product and expand its teams in Bengaluru and San Francisco, targeting a rapidly growing AI hardware market.

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Telangana CM lays foundation for Amazon Data Centre, seeks Rs 1 lakh Cr investment

Startups

"Telangana Chief Minister A Revanth Reddy laid the foundation stone for Amazon's Data Centre in Hyderabad's Bharat Future City. To achieve a $1 trillion state economy by 2034, Reddy urged Amazon to invest Rs 1 lakh crore. Meanwhile, Amazon plans to invest over $21 billion in Indian cloud infrastructure between 2026 and 2030, supporting the nation's AI and Digital India ambitions through expanded data centre capacity.".

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Source: Tech Crunch

Ultrahuman’s former hardware VP raises $5.5M for devices that control AI agents, not just record you

Startups

Aina, a Bengaluru- and San Francisco-based startup, has raised $5.5 million to develop action-oriented AI interface hardware. Founded by Apoorv Shankar, the company is launching Dune, a context-aware macro keyboard designed to control AI agents and trigger workflows. This move distinguishes Aina from passive recording devices in a competitive market that includes various wearables and smart glasses as developers seek the ideal form factor for AI control.

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Source: Tech Crunch

Meta now alerts parents if their teen discussed suicide or self-harm with its AI chatbot

Startups

Meta is implementing new safety measures for its AI chatbot to protect teenagers. The company will now notify parents if a teen discusses suicide or self-harm with Meta AI, following manual reviews of flagged conversations. Meta is also expanding its "Limited Content" settings and working to contact emergency services for users at risk. These features are rolling out globally after initial launches in several English-speaking countries.

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