Bending Spoons to buy Airtable for $1.28B

Source: Tech Crunch

Bending Spoons to buy Airtable for $1.28B

Startups

Bending Spoons has agreed to acquire spreadsheet and database startup Airtable for $1.28 billion in cash. This marks Bending Spoons' first acquisition since going public in July at an $18 billion valuation. Airtable, which serves over 500,000 organizations including 80% of the Fortune 100, has seen its valuation drop from a peak of $11 billion. Bending Spoons typically acquires discounted brands to streamline operations and increase profitability.

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EON wants to move the data superhighway from ocean fiber to space lasers

Startups

Endeavor Optical Networks, a startup with $10.75 million in seed funding, aims to replace brittle undersea fiberoptic cables with a laser-equipped satellite network. Targeting hyperscalers and AI labs, the company plans to link global data centers via space-to-ground optical communications. EON intends to launch a demo satellite by 2027, focusing on high-throughput capacity and underserved routes to provide a resilient alternative for massive data transit.

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Govt to raise CSAM lapses, wrongful account action issue with Meta; global team in India on Aug 5-6

Startups

The Indian government will meet Meta's global team on August 5 and 6 to address several critical concerns. Key issues include the failure to curb Child Sexual Abuse Material, algorithmic bias, and the wrongful restriction of Prime Minister Narendra Modi's social media post. IT Secretary S Krishnan emphasized the need for better safeguards and strict compliance with Indian laws to ensure national security and public order on the platform.

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Nykaa To Acquire Majority Stake In D2C Skincare Brand Aminu

Business

Nykaa's board has approved the acquisition of a 51% stake in premium D2C skincare brand Aminu for up to ₹32 crore. Expected to close by September 15, the deal expands Nykaa's premium beauty portfolio and leverages Aminu's R&D and omnichannel capabilities. Aminu reported FY26 revenue of ₹19.4 crore. Simultaneously, Nykaa reported a strong Q1 FY27, with consolidated net profit surging over three times to ₹79.8 crore.

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MapmyIndia Q1: Profit Rises 6% YoY To ₹50 Cr, Revenue Up 15%

Business

MapmyIndia reported a consolidated net profit of ₹50.4 crore for the June quarter of FY27, marking a 6.3% year-on-year increase from ₹47.4 crore, despite a 3.4% sequential decline. Operating revenue rose nearly 15% year-on-year to ₹139.7 crore, though it dipped 3.6% from the previous quarter. Total income reached ₹159.4 crore, including other income of ₹19.7 crore, while total expenses for the period were ₹92.9 crore.

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VC funding in July rises 29% YoY but declines sharply from June

Startups

India's venture capital funding dropped 61% in July to $804 million across 98 deals, following a strong June. Despite a 29.4% year-on-year increase, large-scale funding remains challenging, with only Emergent and Udaan securing over $50 million. Early-stage startups showed the most traction, while the late-stage market remained muted. Marketplace, fintech, and aerospace led sector funding, with Bengaluru, Delhi-NCR, and Mumbai remaining the primary hubs.

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Nykaa Q1: Profit Surges Over 3X YoY To ₹79.8 Cr

Business

Nykaa reported a significant increase in consolidated net profit for Q1 FY27, reaching ₹79.8 crore compared to ₹24.8 crore in the previous year. Operating revenue grew 29% year-on-year to ₹2,782 crore, while total expenses rose 26% to ₹2,662.2 crore. Additionally, the company's board approved the acquisition of a 51% stake in D2C skincare brand Aminu Wellness for ₹32 crore to expand its beauty portfolio.

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Home Decor Marketplace Vaaree Raises ₹65 Cr Led By Hero Enterprise

Business

Bengaluru-based home decor marketplace Vaaree has raised ₹65 crore in a Series A funding round co-led by Hero Enterprise and Cap Alpha Ventures. The startup will utilize the capital to expand its fulfillment network for faster deliveries and enhance VibeCheck, its proprietary AI-powered discovery engine. VibeCheck provides personalized product recommendations and room visualizations, aiming to act as a digital home stylist for Indian consumers.

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IPO-Bound LEAP India’s FY26 Profit Jumps 66% To ₹62 Cr, Revenue Up 56%

Business

LEAP India, a supply chain solutions provider, reported a 66% increase in FY26 net profit to ₹62.3 crore and a 56.4% rise in operating revenue to ₹729.5 crore. Growth was driven by its asset pooling business and the acquisition of CHEP India. Ahead of its ₹2,480 crore IPO, the company set a price band of ₹151 to ₹159, with the public issue opening on August 7.

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Fintech platform GetVantage raises Rs 63 Cr in Series A1 round

Startups

"B2B fintech platform GetVantage has raised Rs 63 crore in a Series A1 funding round co-led by Rajeev Ahuja and SanRaj Group. The company will use the capital to scale its Capital Gateway, an API ecosystem enabling embedded financing for B2B e-commerce and logistics hubs. By utilizing predictive analytics and alternative data, GetVantage provides MSMEs with seamless access to cash-flow-based financing, reducing reliance on traditional collateral.".

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Why India pays highway builders even when roads stay empty

Startups

India introduced the Hybrid Annuity Model (HAM) to replace the failed Build-Operate-Transfer system for national highways. Under HAM, the government funds 40% of construction and assumes all traffic and toll revenue risks, paying developers through inflation-indexed annuities. While early projects saw high completion rates, newer ventures face significant delays due to land acquisition issues and funding constraints for some developers, highlighting remaining systemic challenges.

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Capillary Tech Swings To ₹10 Cr Loss In Q1 Despite 42% YoY Revenue Growth

Business

SaaS company Capillary Tech reported a net loss of ₹9.6 Cr for Q1 FY27, contrasting with a ₹74.5 Lakh profit in the same quarter last year. Despite this, operating revenue grew 42% year-on-year to ₹256.6 Cr. The net loss was primarily driven by an exceptional loss of ₹33.4 Cr. Excluding one-off items, the company's normalised profit reached ₹25.4 Cr, representing a significant 332% increase year-on-year.

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Mark Zuckerberg Should Apologise Over PM Modi’s Facebook Video Removal: Parl Panel Chair

Business

Parliamentary Standing Committee chair Nishikant Dubey demanded an apology from Meta CEO Mark Zuckerberg after the platform temporarily removed a video of Prime Minister Narendra Modi. While Meta attributed the incident to a technical error, the committee raised broader concerns regarding AI moderation, deepfakes, and child safety. Consequently, Meta implemented stricter approval processes for moderation decisions, while the government considers reviewing the company's safe harbour protections.

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Klassroom IPO Oversubscribed 1.18X On Day 3 Till Now

Business

Edtech startup Klassroom’s IPO was fully subscribed, receiving bids for 20.74 lakh shares against 17.58 lakh offered. Driven largely by retail and non-institutional investors, the issue was 1.18 times oversubscribed. The company aims to raise ₹39 crore for technology upgrades and debt repayment, listing on the BSE SME platform on August 7. Klassroom reported a significant FY26 net profit of ₹7.6 crore, reflecting strong financial growth.

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Bengaluru INDIA NANO 2026: AI meets nanotechnology

Startups

The 14th Bengaluru INDIA NANO conference recently opened in Bengaluru, focusing on the convergence of nanotechnology, artificial intelligence, biotechnology, and semiconductors. Inaugurated by Chief Minister D.K. Shivakumar, the event emphasizes translating scientific research into commercial products. With over 800 delegates and 80 speakers from ten countries, the conference features tracks on semiconductors, healthcare, and sustainable energy to drive economic growth and deep-tech innovation in Karnataka.

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GetVantage Raises ₹63 Cr To Expand Its B2B Revenue Based Financing Platform

Business

B2B fintech startup GetVantage has raised ₹63 crore ($6.6 million) in a Series A1 funding round led by Rajeev Ahuja and SanRaj Group. The Mumbai-based company will use the capital to scale its Capital Gateway platform and expand its financing capacity beyond ₹700 crore. GetVantage provides cash-flow-based, equity-free lending solutions to MSMEs and startups, aiming to bridge India's significant credit gap through data-driven underwriting.

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AI-Native CRM Startup Superleap Bags ₹36 Cr Led By Peak XV’s Surge

Business

Enterprise tech startup Superleap has raised ₹36 Cr (around $4.2 Mn) in its pre-Series A funding round led by Peak.

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WhatsApp Tests Age Verification Prompt Ahead Of DPDP Act Rollout

Business

WhatsApp is testing optional age verification methods to comply with India's upcoming Digital Personal Data Protection Act. Simultaneously, the platform is addressing mistaken account suspensions and facing regulatory scrutiny over content moderation errors involving high-profile figures. Additionally, India's IT ministry has requested a pause on WhatsApp's username feature rollout to prevent potential impersonation and fraud, as Meta navigates increasing legal challenges within the country.

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Apple Restores Telegram On App Store After Brief CSAM-Related Takedown

Business

Apple briefly removed Telegram from the App Store globally after discovering child sexual abuse material. The app was restored once Telegram removed the content and banned the responsible user. This incident occurs as Telegram faces intensifying regulatory pressure in India over issues like piracy, drug trafficking, and exam leaks. The Indian government has labeled the platform the "new dark web," while Telegram maintains it actively combats misuse through moderation.

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Nazara Tech slips into Rs 82.5 Cr loss in Q1; Nitish Mittersain steps down as CEO

Startups

Nazara Technologies reported a Q1 FY27 consolidated net loss of Rs 82.47 crore, primarily due to associate losses and impairments. Despite a 14% revenue decline to Rs 428.77 crore, core gaming grew 14%. The company appointed Raymond Albaladejo Stauffer as CEO, succeeding Nitish Mittersain. Additionally, Nazara revised its acquisition of Bluetile Games and BestPlay Systems to 100% ownership for $303.02 million to ensure full operational integration.

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