Building materials quick commerce startup Fixxly raises $5.5M in seed round

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Building materials quick commerce startup Fixxly raises $5.5M in seed round

Startups

"Fixxly, a quick commerce platform for building materials, has raised $5.5 million in seed funding from Accel, Fireside Ventures, and Lightspeed India Partners. Founded by Shezan Bhojani and Sachith Varma, the startup utilizes an AI-powered network of dark stores to provide 30-minute deliveries to contractors and homeowners. Launching September 1 in Bengaluru, Fixxly aims to reduce construction delays caused by fragmented traditional procurement and unpredictable delivery timelines.".

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AI startup Simplismart raises $14M from Dallas Venture Capital, Nvidia, and others

Startups

AI inference infrastructure startup Simplismart raised $14 million in Series B funding, led by Dallas Venture Capital with NVIDIA participating. The capital will further develop its AI inference platform, expand cloud provider partnerships, and strengthen its global market presence. Simplismart builds software that optimizes AI model deployment and scaling on GPU infrastructure, enabling efficient production workloads for enterprises and cloud providers. The.

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Exclusive: Ex-Pixxel Engineer Effy John’s Parsec Aerospace In Talks To Raise $10 Mn

Business

Parsec Aerospace, a Bengaluru-based startup founded by former Pixxel engineer Effy John, is in talks to raise $10 million. Nexus Venture Partners is leading the funding round, with Lightspeed Venture Partners also participating. The company, currently in stealth mode, is developing next-generation aerospace engines. This investment highlights growing investor interest in early-stage deeptech ventures, even with unproven technologies and commercial prospects.

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Simplismart Bags $14 Mn To Expand AI Inference Platform

Business

Simplismart has raised $14 million in Series B funding, led by Dallas Venture Capital with participation from NVIDIA and Accel. This capital will drive global expansion, enabling enterprises and cloud providers to lower the cost of running AI applications at scale. The company plans to enhance its AI inference platform, deepen partnerships with cloud and sovereign AI players, and expand across North America and other markets.

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Workshaala targets Rs 1,000 Cr revenue as it scales enterprise workspace business

Startups

Workshaala targets Rs 1,000 crore revenue, expanding its 75,000-seat enterprise workspace footprint across 10 Indian cities. Following the world's largest service-platform workplace transaction, the company leverages technology and strategic partnerships to meet India's surging demand for flexible, efficient office solutions. Its proven model caters particularly.

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Capital no longer creates jobs, and AI is compounding the issue: Yatish Rajawat of Hundred Million Jobs

Startups

K Yatish Rajawat, co-founder of Hundred Million Jobs, warns that India's growth model is decoupling investment from employment. He attributes this shift to automation in manufacturing and AI in white-collar sectors, alongside platform consolidation that stifles entrepreneurship. To combat these trends, his non-profit focuses on transforming skilling into job creation, reducing energy costs for MSMEs, and advocating for legal reforms to protect solo entrepreneurs.

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Cent Raises $15 Mn To Scale AI-Led Preventive Healthcare Platform

Business

Healthtech startup Cent, founded by Practo cofounder Shashank ND, has raised $15 million in a Series A round led by Blume Ventures and South Park Commons. The company also acquired AI radiology startup Medsee to enhance its reporting workflow. Cent will use the funds for R&D and team expansion. Its flagship "Cent Check" uses AI and precision radiology to screen asymptomatic patients for over 300 health conditions.

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Ministry Of Defence Partners With Sarvam To Drive AI Adoption For Armed Forces

Business

Sarvam AI has signed a Memorandum of Understanding with India's Ministry of Defence to advance AI adoption across the Indian Army, Navy, and Air Force. This partnership, Sarvam's first defence venture, aligns with the government's focus on indigenous defencetech. It aims to develop tailored AI solutions for the armed forces, supporting India's rapidly growing defence tech market, where AI is a significant driver. Specific applications and financial details are yet to be disclosed.

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Nazara Technologies swings to profit in Q2; revenue jumps 53% to Rs 803 Cr

Startups

Nazara Technologies swung to a profit of Rs 35.3 crore in Q2 FY27, as revenue surged 53% year-on-year to a record Rs 803 crore. Gaming revenue more than doubled, driven by growth in mobile gaming and the consolidation of Bluetile and BestPlay.

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Ather Cracks Profitability In Q2, But Can It Sustain The Momentum?

Business

<summary>Ather Energy achieved its first-ever consolidated net profit of ₹1.3 Cr in Q2 FY27, a significant turnaround from previous losses. The EV maker plans to invest ₹122 Cr to expand capacity to 11.4 Lakh units by Q2 FY28, addressing high demand. Its new mass-market Konarc.

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Talent diplomacy may become the next driver of global economic growth

Startups

As ageing populations and skill shortages weigh on economies worldwide, countries are looking beyond immigration to build structured talent partnerships. India has an opportunity to emerge as a trusted global hub for workforce readiness, backed by skills training, tech and verifiable credentials.

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How OpenAI turned its coding tools into dots, an always-on personal assistant

Startups

OpenAI has launched "dots," a proactive AI personal assistant available to high-tier ChatGPT subscribers. Unlike traditional chatbots, dots works autonomously in the background, integrating with emails and calendars to anticipate user needs. While offering increased productivity, the tool raises privacy concerns regarding data collection. OpenAI is currently exploring partnerships with payment processors to expand the agent's capabilities, aiming for a more ubiquitous, intuitive user experience.

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Cohere says Alibaba’s Qwen model tried to send a file to Beijing

Startups

An AI model said it wouldn’t use any tools, then tried to send something to a server in Beijing anyway, and while researchers say it’s probably a training quirk and not espionage, the whole thing has people asking how much to trust free Chinese AI.

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Protectt.ai To Acquire Controlling Stake In Bosch’s AIShield

Business

Protectt.ai has acquired a majority stake in AIShield, an AI security platform incubated by Bosch. This strategic move integrates AIShield's AI security capabilities with Protectt.ai's mobile security platform, significantly expanding its offerings into enterprise AI security. AIShield will operate independently, with plans to grow its team substantially. Protectt.ai is also actively exploring further acquisitions in areas like API and cloud security to build a comprehensive, full-stack AI security platform.

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SpaceX locks in $40B GPU financing deal with Apollo

Startups

SpaceX has locked in a binding commitment for roughly $40 billion in financing to pay for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday. In a statement, SpaceX called it the “largest committed GPU financing” ever.

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Aequs Q2: Loss Widens 2.5X To ₹52.4 Cr, Revenue Jumps 45% YoY

Business

Aequs reported a Q2 FY27 consolidated net loss of ₹52.4 Cr, widening from ₹20.6 Cr year-on-year, despite operating revenue growing 45.3% to ₹409.1 Cr. Deepening losses in its consumer business, which saw revenue rise 52% to ₹57.7 Cr, weighed on profitability. Aerospace remained the primary revenue driver, contributing nearly 86% with ₹351.4 Cr. Expenses outpaced revenue growth.

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Healthtech startup BioStack raises $9.5M in seed funding round led by Peak XV, others

Startups

Healthcare technology company BioStack has raised $9.5 million in seed funding led by Peak XV and other investors to expand its operations globally. The startup is launching a data infrastructure network providing access to over 100 million de-identified patient records across the US, India, Brazil, and Argentina. By integrating fragmented clinical data, BioStack aims to support medical research and train AI agents to improve patient outcomes.

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India's voice AI challenges could shape global technology, says Murf AI co-founder

Startups

Sneha Roy, COO of Murf AI, argues that India's linguistic diversity and infrastructure constraints are ideal for refining global voice AI. By addressing challenges like code-switching and low latency through smaller models like Falcon 2, Murf AI aims to create natural, cost-effective speech technology. Roy emphasizes responsible data practices and believes that solving for India's complex requirements will ultimately benefit voice AI applications worldwide.

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Life After 55: Cradle Of Life is reimagining senior living lifestyle for retired Indians

Startups

Sharad Gadsing on why senior living needs to move beyond real estate and ageing, and create communities designed around how people want to live. Senior living is evolving beyond simply providing safe, comfortable homes. For Sharad Gadsing, Co-founder, Cradle Of Life, the opportunity lies in rethi.

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Who will shape India’s next 500 million digital users?

Startups

India's digital economy is rapidly evolving, focusing on local, personal, and AI-powered services for the next 500 million users. Experts at TechSparks 2026 discussed challenges in app discovery, digital goods marketplaces, and digital sovereignty. AI is crucial for content creation, personalization, and maintaining app store relevance. The goal is to build accessible platforms and frameworks, leveraging India's strengths, while challenging assumptions about consumer value and affordability for diverse audiences.

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Rapido rides ahead with Razorpay’s real‑time payments

Startups

Rapido rides ahead with Razorpay’s real‑time payments Getting around an Indian city has always been harder than it should be. Cabs were expensive, public transport was overcrowded, and for millions of daily commuters, the last mile remained unsolved. When Aravind Sanka, Pavan Guntupalli, and SR.

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