Edtech NBFC Avanse’s Q1 FY27 Profit Jumps 31% YoY To ₹154.3 Cr

Source: inc42

Edtech NBFC Avanse’s Q1 FY27 Profit Jumps 31% YoY To ₹154.3 Cr

Business

Avanse Financial Services reported a 31% YoY net profit jump to ₹154.3 Cr in Q1 FY27, with operating revenue growing 18.4% to ₹760 Cr. This indicates resilient demand for education financing. However, the NBFC's planned ₹3,500 Cr IPO has been delayed due to global immigration policy uncertainties. Total expenses rose 15%, driven by higher finance and employee costs, while interest income remained the primary revenue driver.

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Anthropic Brings Claude Inference To India As Sovereign AI Race Heats Up

Business

Anthropic is launching in-country inference for its Claude AI platform in India through Amazon Bedrock. This move allows data to remain within national borders, enabling banks and government agencies to meet strict data residency requirements. With India becoming its second-largest market, Anthropic is seeing adoption from major firms like TCS and Infosys. This strategy increases competition for domestic AI startups by removing key infrastructure advantages.

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Horizon3 hits $2 billion valuation with $250M Series E as AI threats escalate

Startups

Cybersecurity startup Horizon3 has raised $250 million in Series E funding, reaching a $2 billion valuation. The San Francisco-based firm offers the NodeZero platform, which uses AI to provide continuous, autonomous penetration testing without disrupting live operations. Driven by rising AI-powered threats and strong growth, Horizon3 plans to expand internationally into Amsterdam, Australia, and Singapore to help enterprises stress-test their defenses at scale.

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Taunted for driving, these six women now command Bihar’s Pink Buses

Startups

Six young women from Bihar, including several from the Mahadalit community, have overcome social barriers and poverty to become drivers for the state's Pink Bus service. After receiving heavy-vehicle training through the Women and Child Development Corporation and Nari Gunjan, they are challenging gender stereotypes in the male-dominated transport sector. Their achievement promotes female employment and provides a path toward financial independence for their families.

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Samsung bans smart TV apps that share users’ internet connections with strangers

Startups

"Security research by Mnemonic reveals that several Samsung smart TV apps, including a featured Pac-Man game, contain residential proxy code. This software allows outsiders to route web traffic through users' home internet connections, potentially enabling cybercrime and data scraping. Samsung is now banning and removing apps with these proxy functionalities to protect millions of users from potential hijacking and unauthorized network access across its platform.".

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EV maker Ather Energy Q1 losses narrow by 71% to Rs 51 crore

Startups

Ather said it is seeing strong tailwinds due to policy support and consumer demand. The company delivered 83,173 units during the quarter, up 80.5% YoY.

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7 Books that make you realise you can't control everything

Startups

Many people struggle with the desire to control life's unpredictable nature, leading to anxiety and frustration. However, various philosophical and psychological works, including those by Mark Manson and Viktor Frankl, emphasize that while external circumstances are often uncontrollable, individuals maintain power over their responses. By embracing uncertainty and focusing on resilience and values, people can find liberation and a more meaningful, peaceful existence.

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EV Components Manufacturer Matel Raises ₹130 Cr To Accelerate R&D

Business

"Pune-based cleantech startup Matel Motion & Energy Solutions has raised ₹130 crore ($13.6 million) in a Series B funding round led by UC Impower, with participation from Catamaran and Transition VC. The company plans to use the capital to expand manufacturing capacity, advance R&D, and scale hiring. Additionally, Matel aims to enter the electric commercial vehicle segment and broaden its international footprint for high-efficiency electric motors.".

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5 Books that explore the cost of chasing perfection

Startups

"Perfectionism often leads to stress, burnout, and a fear of failure, hindering personal growth and creativity. Several influential books challenge this pursuit, including works by Brené Brown, Katherine Morgan Schafler, Carol S. Dweck, Elizabeth Gilbert, and Matt Haig. These authors emphasize authenticity, growth mindsets, and the acceptance of imperfection, arguing that a meaningful life is built through learning and adapting rather than achieving an impossible standard of flawlessness.".

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Operation Sindoor architect AK Bharti signs off after 39 years

Startups

Air Marshal AK Bharti retired on July 31, 2026, after 39 years of service, concluding his tenure as Deputy Chief of the Air Staff. He gained prominence as the public face of Operation Sindoor in 2025, managing air strikes against terrorist sites. A decorated fighter pilot with over 4,000 flying hours, Bharti spent his final year advocating for increased indigenization within the Indian Air Force's procurement processes.

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How FireAI Is Helping Turn Enterprise Turn Data Into Decisions

Business

Founded in 2024 by Vipul Prakash, FireAI is a decision intelligence platform helping enterprises derive actionable business insights from fragmented data. Utilizing a multi-agent orchestration layer and over 700 data connectors, the startup enables real-time analysis and strategic decision-making. With clients like Bata and IRCTC, FireAI has reached ₹9 Cr MRR and 200 customers, focusing on explaining business drivers rather than just reporting data.

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Google picks 20 AI startups for 2026 Play Accelerator India cohort

Startups

Google has selected 20 AI-powered Indian startups for its 2026 Google Play Accelerator India, offering three months of equity-free mentorship on AI, security, app quality, growth and monetisation to support global expansion.

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A Marc Benioff-backed startup thinks AI can solve the AI deployment problem

Startups

June, a new startup founded by former Salesforce executives, has raised $20 million in pre-seed funding to simplify AI implementation for large enterprises. The platform addresses the challenges of legacy systems and fragmented data, which often require costly professional services. By scanning existing business processes and providing an automated roadmap, June enables companies to deploy AI agents efficiently without relying on specialized forward-deployed engineers.

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Outcome-first AI: redesigning enterprise service delivery at scale

Startups

At DevSparks Bengaluru 2026, EY GDS Partner Tanu Garg argued that enterprise AI should rewire value delivery rather than simply automate existing processes. She emphasized redesigning workflows around outcomes, scaling AI into production, and prioritizing workforce readiness and governance. Garg highlighted a shift from measuring effort to measuring value realization, noting that AI transforms professional roles toward orchestration and oversight to ensure accountability and trust.

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Ather Trims Q1 Loss 71% YoY To ₹51 Cr, Revenue Jumps 89%

Business

EV major Ather Energy managed to trim its net loss in the June quarter (Q1 FY27) by 71% to ₹51.1.

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Battery Smart To File DRHP In September-October For IPO: Report

Business

Battery Smart, a battery-swapping startup, plans to file its DRHP with SEBI in September or October for a proposed IPO. Operating over 1,500 stations across 75+ cities, the company provides battery-as-a-service for commercial electric vehicles. Having raised over $200 million, Battery Smart reportedly achieved operational break-even in FY26 and expects annual growth of 70-80% as it expands its network across India's growing EV infrastructure market.

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ideaForge secures Rs 151 Cr from govt's RDI scheme to develop its autonomous drone YETI

Startups

ideaForge Technology has secured up to Rs 151 crore in long-term debt financing under India's Research, Development and Innovation scheme to develop YETI. This heavy-lift autonomous VTOL hybrid aircraft can carry 200 kg payloads over 200 km in extreme terrains like the Himalayas. Designed for military logistics and commercial use, YETI aims to enhance indigenous deeptech capabilities and support India's goal of self-reliant defense technology.

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Snabbit says it has surpassed 1,15,000 jobs a day

Startups

Bengaluru-based Snabbit has surpassed 115,000 daily fulfilled jobs, growing from 400 daily jobs in under two years. Operating across 10 cities, the platform offers diverse home services while improving its unit economics and reducing burn per job. Following a $56 million Series D round, bringing total funding to $112 million, Snabbit aims to enhance technology and expansion amid intensifying competition from rivals like Urban Company and Pronto.

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Kaapi Machines raises Rs 50 Cr from Sedna HoReCa

Startups

"Bengaluru-based Kaapi Machines has raised Rs 50 crore in equity funding from Sedna HoReCa to expand its product portfolio and strengthen manufacturing, technology, and service infrastructure. The partnership aims to leverage Sedna's B2B capabilities as Kaapi Machines targets revenues exceeding Rs 150 crore this financial year. This growth comes amid rising coffee consumption and an evolving café culture across India's expanding food service ecosystem.".

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Every Army woman boxer in Glasgow came home with gold

Startups

India achieved its most successful boxing campaign at the 2026 Commonwealth Games in Glasgow, winning a record seven gold medals. Four women boxers from the Indian Army's Corps of Military Police—Preeti Pawar, Jaismine Lamboria, Sakshi Chaudhary, and Arundhati Choudhary—all secured gold. Overall, India finished fourth with 39 medals. The Army contingent contributed 16 medals, highlighting the success of the Mission Olympics training program in Pune.

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