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Source: Startup

Centre Doubles Down On Mobile Manufacturing With ₹62,500 Cr Scheme

Business • via Startup • Shrishti Bisht

"The Union Cabinet approved the ₹62,500 crore Mobile Phone Manufacturing Scheme and the ₹1.28 lakh crore Semicon 2.0 initiative to bolster domestic electronics and chip capabilities. The MPMS offers incentives up to 5% on sales to drive production and job creation through FY31. Meanwhile, Semicon 2.0 focuses on chip design, fabrication, and R&D, aiming to establish a robust semiconductor ecosystem with the first fab expected by 2028.".

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Source: Tech Crunch

A SpaceX vet raised $65M to pull wire harnesses out of the Cold War era

Startups

"Senra, a startup founded by former SpaceX engineer Jordan Black, has raised $65 million in Series B funding to modernize wire harness production. The company uses its proprietary Amp software to standardize manual cabling processes for defense, maritime, and aerospace vehicles. By integrating automation and digital twins, Senra aims to improve reliability and scale production from 1,000 to 10,000 units per month by 2027.".

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Source: Startup

Cabinet Approves ₹1.28 Lakh Cr Semicon 2.0 To Boost India’s Chip Ecosystem

Business • via Startup • Lokesh Choudhary

"The Union Cabinet has approved Semicon 2.0 with a ₹1.28 lakh crore outlay to strengthen India's semiconductor ecosystem. The scheme focuses on six key areas: chip design, equipment, fabrication plants, packaging units, R&D, and talent development. By attracting global chipmakers and supporting domestic startups, India aims to reduce import dependence and build a robust supply chain, with its first semiconductor fab expected to be commissioned by 2028.".

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Source: Startup

Ather Energy To Raise ₹1,200 Cr To Fuel Next Phase Of Growth

Business • via Startup • Shrishti Bisht

Ather Energy's board has approved a fundraise of up to ₹1,200 crore through equity shares and convertible warrants. Hero MotoCorp will invest approximately ₹960 crore, potentially increasing its stake to 30.68%, while NIIF's India-Japan Fund will contribute ₹200 crore. Cofounders Tarun Mehta and Swapnil Jain will each invest ₹20 crore. The funds will support expansion, research, and manufacturing capacity, pending shareholder approval at an extraordinary general meeting.

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Groww's net profit soars 94% in first quarter of FY27

Startups

Investment platform Groww reported a 94% increase in net profit to Rs 735 crore and a 66% revenue rise to Rs 1,501 crore for Q1 FY27. The company's total customer assets grew 38% to Rs 3.6 lakh crore, with market share increasing across all investment categories. Despite lower capital market activity, Groww added 115,000 net active NSE clients and is now integrating AI to enhance customer service.

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Source: Startup

Healthy Snacking Brand Open Secret Raises ₹50 Cr To Scale Offline Presence

Business • via Startup • Shrishti Bisht

"D2C healthy snacking brand Open Secret has raised over ₹50 crore in equity and debt, led by Desai Brothers Group. The profitable startup, which has surpassed ₹200 crore in annual recurring revenue, aims to reach ₹1,000 crore within three years. The funds will be used to expand its offline retail presence beyond 500 outlets, scale its savoury snack portfolio, and integrate AI into its supply chain operations.".

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Source: Startup

BigBasket To Slash Geographical Presence By Half To 40 Cities: Report

Business • via Startup • Anjali Jain

BigBasket is reducing its operational presence from 76 to 40 profitable cities to curb cash burn and achieve profitability. Facing intense competition from rivals like Blinkit and Zepto, the Tata Digital-owned company reported a 42% surge in FY25 losses. New CEO Amit Nanda will implement a cluster strategy focusing on high-density urban areas, improving pricing and assortment to regain competitiveness in the quick commerce market.

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Source: Startup

AI Startups To Watch: 5 Startups That Caught Our Eye In July

Business • via Startup • Ankush Das

Inc42's tenth "AI Startups To Watch" edition highlights five emerging Indian ventures: Linkrunner, Monk CI, Rowboat Labs, Vidopix, and WiredLeap. These startups focus on specialized enterprise solutions across mobile attribution, developer infrastructure, knowledge management, ad compliance, and video intelligence. This shift reflects a maturing ecosystem where AI is integrated into specific business workflows, supported by a significant surge in funding, totaling $676 million in early 2026.

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Source: Startup

The Black Box Era Of Enterprise AI Is Ending, As Customer-Controlled AI Takes Spotlight

Business • via Startup • Pranav Pai

Enterprise AI is shifting from a focus on capability to a demand for control over data, weights, and infrastructure. Companies are moving away from proprietary black-box models toward open-weight alternatives to ensure data sovereignty and measurable outcomes. With regulatory support and strong engineering depth, India is uniquely positioned to lead this transition by providing model-agnostic deployment stacks and outcome-based services for regulated global industries.

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Meta faces lawsuit from 26 employees over AI-based layoffs

Startups

"Twenty-six Meta employees have filed a federal lawsuit alleging the company used AI systems to select individuals for layoffs, disproportionately targeting those on protected medical, parental, or family leave. The plaintiffs claim algorithmically assisted performance rankings penalized absences, violating several state and federal laws. Meta denied the allegations, stating that workforce decisions were made by people rather than AI, and asserted that the claims lack merit.".

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Shunya Labs wants voice infrastructure to work the way Indians speak

Startups

"Shunya Labs has developed a proprietary voice AI infrastructure designed for multilingual, accented, and code-switched speech, specifically targeting diverse linguistic patterns across Asia. Its CPU-based stack supports over 220 languages, including 55 Indian ones, significantly reducing deployment costs for enterprise clients in banking, healthcare, and automotive sectors. The company recently launched Vāķ, a real-time translation system, while focusing on sustainable growth and profitability.".

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Source: Startup

Groww Q1: Profit Surges 94% YoY To ₹735 Cr

Business • via Startup • Palak Sharma

"Investment tech platform Groww reported a significant increase in its consolidated net profit for the first quarter of FY27, reaching ₹735 crore, a 94.3% rise from the previous year. Sequentially, profit grew by 7.1%. Operating revenue surged 66% year-on-year to ₹1,501.4 crore, though it remained nearly flat compared to the preceding March quarter. Total revenue, including other income, stood at ₹1,548.7 crore against expenses of ₹555.7 crore.".

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udaan secures $160M in financing

Startups

"IPO-bound eB2B platform udaan has secured $160 million through a financing round involving fresh equity, debt, and the conversion of existing debt into equity. This includes a $45 million commitment from a global investment management firm. The funding aims to strengthen the company's balance sheet and simplify its capital structure, supporting long-term growth and public market readiness as the Bengaluru-based firm continues expanding its B2B trade operations.".

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Source: Startup

Ather Energy Hits 52-Week High After Hero MotoCorp Announces ₹1,000 Cr Investment

Business • via Startup • Shrishti Bisht

"Ather Energy's shares hit a 52-week high after Hero MotoCorp approved an additional investment of up to ₹1,000 crore. Hero MotoCorp already holds a 29.48% stake in the electric vehicle maker. Ather plans to raise up to ₹2,500 crore for research, development, and manufacturing expansion to combat intensifying competition in India's electric two-wheeler market. The company has recently reported strong revenue growth and narrowing net losses.".

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Source: Startup

The Unit Economics Of India’s Voice AI Boom

Business • via Startup • Ankush Das

Indian voice AI startups are shifting focus from technical perfection to business sustainability. While per-minute pricing remains the dominant revenue model, profitability depends heavily on achieving high customer volumes and owning the underlying technology stack to protect margins. Early adoption is strongest in high-volume sectors like banking and ecommerce, where AI agents enable cost-effective, multilingual outreach, moving the industry toward hybrid pricing tied to business outcomes.

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E3 Electric.Ai raises Rs 100 Cr in Series A round led by BluVenture

Startups

"Bengaluru-based E3 Electric.Ai has raised Rs 100 crore in a Series A funding round led by BluVenture Holdings. The startup will use the capital to accelerate R&D and expand its market presence before launching the E3 TRION scooter. Utilizing a modular platform and proprietary AI, the company focuses on predictive maintenance and vehicle safety to enhance the ownership experience within India's growing electric two-wheeler market.".

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Source: Startup

Exclusive: D2C Grocery Startup Anmasa Bags ₹30 Cr To Expand Into New Markets

Business • via Startup • Shrishti Bisht

D2C grocery startup Anmasa has raised ₹30 Cr in a seed round led by Fireside Ventures and Blume Ventures. The company utilizes a hyperlocal “bright store” model to provide made-to-order, minimally processed staples like customized flour and spices. Currently operating in Delhi NCR, Anmasa plans to expand into cities like Bengaluru and Hyderabad, leveraging the new capital to enhance its technology, leadership, and manufacturing infrastructure.

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7 Books that explore the complexity of human relationships

Startups

, examine themes like family dynamics, romantic intimacy, and enduring friendships. By depicting struggles with communication, identity, and empathy, these works reflect universal experiences, reminding readers that the complexity of human bonds is what makes them profoundly meaningful.

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This startup wants CFOs to treat cloud bills as innovation funds

Startups

CloudLens AI has launched an agentless cloud cost optimization platform that analyzes AWS billing summaries to identify wasteful spending. By avoiding direct infrastructure access, the tool bypasses security hurdles and provides reports in minutes. The startup reframes recovered costs as budgets for new AI projects, appealing to executives. This approach targets the significant global cloud waste while facilitating faster reallocation decisions for companies across various markets.

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Source: Startup

Anthropic’s India Push, InsuranceDekho’s IPO & More

Business • via Startup • Team Inc42

Anthropic has introduced rupee-linked pricing for Claude to increase adoption in India, its second-largest market. Meanwhile, InsuranceDekho is preparing for a ₹9,500 crore IPO, and Elevation Capital launched a $500 million fund for early-stage startups. In other news, Udaan is seeking $160 million in financing, Medial is shutting down, and BYJU'S continues to face legal challenges in Singapore regarding its cofounder's contempt sentence.

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