Delhivery Q1 Profit Sinks 65% YoY To ₹32 Cr Despite A 28% Uptick In Revenue

Source: inc42

Delhivery Q1 Profit Sinks 65% YoY To ₹32 Cr Despite A 28% Uptick In Revenue

Business

Delhivery reported a 65% year-on-year slump in consolidated net profit for the June quarter of FY27, falling to ₹31.9 crore from ₹91.1 crore. Sequentially, profit dropped 56% to ₹31.9 crore. Despite this, operating revenue grew 28% year-on-year to ₹2,930.7 crore, though it dipped 3% sequentially. Total income reached ₹3,044.8 crore, while total expenditure rose 29% year-on-year to ₹3,011.6 crore during the quarter.

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Payments Council Rules Out Consumer MDR; PhonePe & Razorpay Back Free UPI

Business

The Payments Council of India (PCI) has clarified that UPI payments will remain free for consumers amid growing speculation over.

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Centre Seeks Technical Changes From Meta To Tackle Deepfakes, Child Abuse Material

Business

"The Indian government has entered technical discussions with Meta to address concerns regarding deepfakes, child sexual abuse material, and unlabelled AI-generated content. Officials are demanding stricter content moderation, enhanced human oversight in local languages, and better compliance with Indian laws. These talks follow a controversy involving a restricted video of Prime Minister Modi. Meta has proposed solutions, and the government will regularly review the company's progress.".

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Swiggy, Zomato, Zepto May Face EV Mandate, 2% Welfare Levy In Maharashtra

Business

Maharashtra plans to integrate food delivery, quick commerce, and ecommerce platforms into its proposed bike-taxi rules. The amendments would mandate EV usage, GPS tracking, and insurance, while introducing a 2% rider welfare levy to fund driver benefits. This move could increase compliance costs for companies like Swiggy and Zomato. The proposal, currently under review, reflects a broader trend of state-level regulations for gig workers across India.

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From River Mobility To BlissClub — Indian Startups Raised $274 Mn This Week

Business

Indian startup funding picked pace in the first week of August, with 22 startups cumulatively raising $274.4 Mn. This marks.

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The rise of predictive commerce for India’s MSMEs

Startups

"Predictive commerce is transforming India's D2C ecosystem by shifting businesses from reactive to anticipatory operations. By leveraging AI and predictive intelligence, brands can optimize logistics, reduce costly return-to-origin losses, and refine inventory planning through hyperlocal demand forecasting. This shift allows companies to mitigate operational risks and improve customer experiences, ensuring that decision intelligence becomes a primary competitive advantage over traditional scale and capital.".

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Patience, practice, persistence: Tips on creative success from the Art Bengaluru Collective

Startups

The Art Bengaluru Collective recently held its 11th annual exhibition, ABC Chitra-Colors 2026, at the Karnataka Chitrakala Parishath. The event showcased 300 artworks from over 45 artists, including Mrinalini Shingal, Sourima Das, Aishwarya Vishwakumar, Meghna Chowhan, and Trina Chaudhary. These artists explored themes of nature, spirituality, and human emotion through diverse styles, ranging from realism to mixed-media, while emphasizing the importance of persistence and observation.

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AI is reimagining service companies; Ola Electric narrows loss in Q1

Startups

"India's rural enterprises offer significant employment potential, while the EV market sees record growth, with Ola Electric narrowing its quarterly losses. Meanwhile, former Tally CFO Sathya Pramod is leveraging AI through Northbound Advisors to target midsize markets. In global news, US President Donald Trump announced a 15% tariff on polysilicon imports, and Volkswagen is implementing cost-cutting measures to combat increasing competition from Chinese automotive manufacturers.".

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OpenAI says it slowed Astra model development over security concerns

Startups

OpenAI has suspended certain development activities for its upcoming Astra model after internal reviews revealed it reached a "critical cybersecurity threshold." The model demonstrated capabilities to independently identify and execute cyberattacks against protected real-world systems. In response, OpenAI is implementing stricter security controls and collaborating with government agencies and safety organizations to manage these risks, emphasizing transparency following previous incidents of AI model breaches.

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After Rippling blew millions on AI in months, it built an employee ROI tool

Startups

HR software provider Rippling has launched AI Spend Console, a tool designed to help companies track and manage AI expenditures. Developed after Rippling faced skyrocketing token costs, the product maps spending by employee and team while linking usage to productivity. It features an AI gateway that routes prompts to the most cost-effective models, allowing Rippling to significantly reduce its own expenses without curtailing AI usage.

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Wacom’s Movinkpad 11 is a fun and mid-priced entry point for digital artists

Startups

Wacom, a leader in graphics tablets, offers the Movinkpad 11, a specialized Android tablet for digital artists. Priced at $500, this mid-range device features an 11.45-inch screen, 8GB of memory, and 128GB of storage. It includes the customizable Pro Pen 3 stylus and supports software like Wacom Canvas and Clip Studio Paint. Lightweight and easy to set up, it provides a focused creative solution for various artistic levels.

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Security researchers scanned the Polish web and found courts, hospitals, and airports at risk of hacks

Startups

Polish security researchers Robert Kruczek and Kamil Szczurowski discovered critical vulnerabilities across 250,000 Polish public websites, affecting over 10,000 entities including hospitals and government offices. The flaws, often found in outdated software like Pad CMS, allowed unauthorized access to hundreds of sites and two-thirds of the judiciary. These findings highlight systemic cybersecurity weaknesses as Poland strengthens its defenses against suspected Russian cyberattacks on essential infrastructure.

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Hero MotoCorp To Debut Maiden Electric Motorcycle Next Year

Business

Hero MotoCorp plans to launch two electric motorcycles next year, marking its first entry into the e-bike segment. The lineup includes an urban mobility model and a high-performance adventure bike developed with Zero Motorcycles. These launches precede Delhi's proposed 2028 ban on internal combustion engine two-wheelers. This move aims to increase competition and attract more riders to the growing Indian electric vehicle market, projected to reach $132 billion by 2030. (74 words) -.

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Knya FY26: Revenue Crosses ₹100 Cr Mark, PAT Jumps 3X YoY

Business

Medical apparel brand Knya reported strong FY26 growth, with revenue rising 83% to ₹110 Cr and profit after tax tripling to ₹10 Cr. The omnichannel startup currently operates over 30 stores and serves 1,000 hospitals. Knya aims for ₹205 Cr revenue in FY27 and plans to expand its retail footprint to 100 outlets by FY28, targeting a ₹1,000 Cr business and a public listing within five years.

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After Boycott Calls, Swiggy To Refund Alleged Unauthorised Charges To Restaurants

Business

Over 250 Bengaluru restaurants threatened to delist from Swiggy and Zomato over high commissions and arbitrary charges. Following negotiations with industry bodies, Swiggy agreed to refund unauthorized promotional charges, extending the delisting deadline to September 1. Zomato also secured a reprieve to address similar grievances. This standoff occurs as new competitors, including Rapido’s zero-commission app Ownly and Flipkart, enter the food delivery market in Bengaluru.

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Inside Nykaa’s Inventory Model: Where The Margin Comes From

Business

Nykaa distinguishes itself through an inventory-led model, buying stock outright to control quality and pricing, which yields higher margins than typical marketplaces. In Q1 FY27, the company reported ₹2,791.3 crore in revenue and a 45.9% gross margin. While its beauty segment funds growth, Nykaa is expanding into physical stores, a fashion marketplace, and its own private labels to diversify revenue and increase profitability.

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Cloudflare launches Kitesurf, a browser built for AI agents

Startups

Cloudflare has introduced Kitesurf, a cloud-hosted browser designed for AI agents instead of people. The company says the browser uses less computing power than Chromium for common automation tasks, helping developers build browser-based AI agents more efficiently.

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Computer maker Framework notifies ‘all customers’ of a data breach

Startups

"Framework, a modular computer manufacturer, notified all customers that their personal data was stolen following a cyberattack at business intelligence provider Metabase. The breach, caused by a zero-day security flaw on Metabase's cloud servers, exposed names, emails, phone numbers, and physical addresses. Framework confirmed that payment information remained secure. While the total number of affected users is unspecified, estimates suggest hundreds of thousands of devices have been sold.".

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Today’s the last day to get up to $400 off your TechCrunch Disrupt 2026 ticket

Startups

Starting today, you can take an additional $100 off your founder, investor, or attendee TechCrunch Disrupt 2026 pass, which is a nice bonus on top of our current discounted pricing.

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Trump administration has spent nearly $4B to cancel offshore wind farms

Startups

"The Trump administration is paying German utility RWE $1.2 billion to cancel offshore wind leases off California, Louisiana, and New York. RWE will reinvest $900 million into a Louisiana liquid natural gas export terminal and $300 million into natural gas turbines for peaking power plants. This payment is part of a larger $3.93 billion effort by the administration to cancel twelve wind leases, though RWE continues wind investments in the UK.".

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