ESDS IPO Subscribed 8X On Day 2, NII Portion Booked 22X

Source: inc42

ESDS IPO Subscribed 8X On Day 2, NII Portion Booked 22X

Business

ESDS Software Solution’s ₹720 crore IPO was subscribed 8.08 times by the second day of bidding, driven by strong demand from NIIs and retail investors. While NIIs booked 22 times and retail 6.72 times, QIB participation remained muted at 0.04 times. The company, seeking a valuation of ₹5,028 crore, plans to use ₹576 crore for cloud and AI infrastructure expansion. Shares are expected to list this Friday.

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10 Lessons from The Midnight Library about second chances

Startups

, follows Nora Seed as she explores alternate versions of her life in a mysterious library between life and death. By experiencing different outcomes of her past choices, Nora discovers that no life is perfect and that external success does not guarantee happiness. Ultimately, the story emphasizes the importance of self-acceptance, letting go of regret, and finding meaning in the present moment.

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Pet insurance guide: Why every pet owner should consider coverage

Startups

Pet insurance helps owners manage eligible veterinary expenses and healthcare costs, promoting responsible pet ownership. By reviewing policy terms, conditions, and exclusions, owners can select plans tailored to their pet's age, breed, and health needs. Preparing involves assessing care requirements and understanding the claim process. Ultimately, these insurance solutions provide financial support for medical treatments, allowing owners to focus on their pet's overall wellbeing and long-term health.

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NPCI To Let Users Port UPI AutoPay Mandates Across Apps: Report

Business

The National Payments Corporation of India (NPCI) plans to make UPI AutoPay interoperable, allowing users and merchants to port mandates across different apps and payment providers. This move, expected to be announced at the Global Fintech Fest, aims to reduce the dominance of major payment apps and simplify subscription management. Additionally, NPCI is developing a common infrastructure for UPI soundboxes to reduce hardware duplication for merchants.

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YOGa Bags ₹20 Cr From Info Edge, Others To Scale Clean-Air Solutions

Business

Clean tech startup YOGa Clean Air has raised ₹20 Cr in its first external funding round, led by Info Edge Ventures with participation from Deepinder Goyal and Three Words Capital. The company plans to use the capital to expand into new Tier I and II cities and deploy its air-quality systems on public transport. YOGa focuses on a service-led model, targeting B2B growth in real estate and institutions.

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Bira 91 Faces Fresh Insolvency Threat Over ₹11.8 Cr Dues

Business

Hindusthan National Glass & Industries Ltd has served a default notice to B9 Beverages, the parent company of Bira 91, seeking ₹11.77 crore for unlifted customized bottles. The glassmaker may initiate insolvency proceedings if dues aren't cleared within ten days. This threat follows a severe financial crisis for the brewer, which faces roughly ₹1,000 crore in liabilities and is currently seeking recapitalization to restart its operations.

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7 Quotes from Meditations by Marcus Aurelius for resilience

Startups

offers timeless Stoic wisdom on building resilience through self-control and inner peace. By focusing on internal responses rather than external circumstances, the Roman emperor teaches that obstacles provide opportunities for growth. Key principles include challenging perceptions, practicing mental discipline, accepting reality, and maintaining gratitude. Ultimately, the text emphasizes that true strength is developed by facing inevitable adversity with courage, wisdom, and composure.

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The U.S. is building barriers around drones and robots, but China has scale to get around them

Startups

"The U.S. has tightened restrictions and imposed tariffs on foreign-made drones and advanced robotic systems, citing national security concerns. While the U.S. leads in AI and semiconductors, Chinese manufacturers dominate global production through scale and cost advantages. These measures may lead to a fragmented global market, where Chinese firms expand in price-sensitive regions while U.S. and allied companies focus on high-security sectors and critical infrastructure.".

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Meta’s Double Standards, Weekly Funding Rundown & More

Business

Meta agreed to pay $18 billion to settle US lawsuits over minor safety, introducing strict usage limits and feature changes for American teens. However, these protections do not extend to India, prompting experts to call for similar safety baselines globally. Meanwhile, Indian startups raised $210.3 million last week, Ather launched the Konarc scooter, and Ola Electric received ₹95.81 crore in government incentives under the PLI scheme.

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Grindr wants to be the everything app for gay men; investors are still deciding whether it can pull it off

Startups

Under CEO George Arison, Grindr has pivoted toward a growth strategy, with guided revenue for this year exceeding $540 million. The company is expanding beyond dating to become a "gayborhood in your pocket," integrating healthcare and travel services. Arison is leveraging AI to boost engineering productivity and launching a high-priced "EDGE" subscription tier, while fighting a perceived market discount on the company's stock valuation.

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How Minus Degre turns plastic waste into eco-friendly materials; 5 organisations taking healthcare to rural India

Startups

Early e-grocery startup Satvacart has shut down after twelve years. Meanwhile, realty firm Smartworks plans a Rs 600 crore investment in workspaces by FY27. In sustainability, Minus Degre converts plastic waste into eco-friendly materials, while five organizations expand rural healthcare in India. Additionally, HDFC Bank considers Kaizad Bharucha for CEO, Hindusthan National Glass issues a default notice to Bira 91, and Venezuela secures a long-term US energy deal.

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Purple Style Labs Asks For A Luxury Premium

Business

Purple Style Labs, parent of Pernia’s Pop-Up Shop, will launch a ₹680 crore IPO on August 31, 2026, valuing the company at approximately ₹4,600 crore. Despite widening FY26 losses of ₹285.4 crore, the firm is pivoting toward a premiumisation strategy, focusing on high-value designers and customers. Proceeds will primarily fund lease liabilities and marketing as the omnichannel luxury platform seeks a sustainable financial model through scaled physical stores.

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Liux’s Big microcar bets on sustainability to take on Chinese rivals

Startups

Spanish startup Liux is launching the Liux Big, a sustainable electric microcar, in early 2026. Produced in Spain, the vehicle features a recyclable linen-based biocomposite body and focuses on circularity. Priced under €18,000, the L7e-homologated car aims to compete with Chinese EVs by offering enhanced safety and utility. With over 7,500 people on the waiting list, Liux leverages lean manufacturing to target urban drivers.

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Musk’s faster path to more gas turbines comes with pollution problem

Startups

Elon Musk plans to accelerate AI infrastructure by producing gas turbine blades in-house at SpaceX, bypassing a global manufacturing bottleneck. This move aims to reduce the time for natural gas turbines to come online by 18 months, addressing critical power shortages for data centers. However, the shift toward gas-fired power has sparked legal challenges and health concerns regarding pollution in communities near these facilities.

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TechCrunch Mobility: The hidden human cost of robotaxis

Startups

Recent reports reveal that Waymo and Zoox test drivers suffered numerous injuries from sudden autonomous vehicle braking. Meanwhile, Gatik secured $200 million to scale its driverless freight operations. Other mobility news includes Regent Craft raising $240 million and GM facing safety scrutiny over EV brakes. Additionally, Rivian's CFO is resigning, and Waymo is expanding into Munich while clarifying its system's computing performance capabilities.

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Caterpillar is bringing to AI deployment what it learned from automating mining

Startups

Caterpillar is expanding its AI and autonomous technology from mining into construction and manufacturing. The company utilizes proprietary data from 1.6 million connected assets to power tools like the Cat AI Assistant. To address integration challenges and workforce transitions, Caterpillar is investing $100 million in employee training. Meanwhile, surging demand for data center infrastructure has propelled the company's quarterly revenue to a record $20.5 billion.

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Smartworks to invest Rs 600 Cr in FY27 to expand biz, meet rising demand for managed office spaces

Startups

Smartworks Coworking Spaces Ltd plans to invest approximately Rs 600 crore this fiscal year to expand and refurbish its managed workspace centres. With a portfolio of 16.9 million square feet across 15 cities, the company reported 2025-26 revenues of Rs 1,850 crore. Serving over 760 corporate clients, Smartworks recently posted a quarterly net profit of Rs 13.14 crore, reflecting strong growth in the flexible office market.

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Hindusthan National Glass and Industries issues default notice to Bira 91, plans to move NCLT

Startups

Hindusthan National Glass (HNGIL) served a default notice to B9 Beverages, maker of Bira 91, seeking Rs 11.77 crore for custom glass bottles manufactured but not lifted. HNGIL plans to initiate insolvency proceedings at NCLT if B9 Beverages fails to pay within ten days. This action.

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Online grocery venture Satvacart shuts down after 12-year run

Startups

Gurugram-based e-grocery startup Satvacart has shut down after twelve years of operation. Founded in 2014, the company prioritized profitability over rapid scale, which eventually hindered its ability to secure necessary capital or a strategic acquisition. Despite achieving profitability by 2019, Satvacart struggled to compete as India's market shifted toward quick commerce. Founder Rahul H. Saxena announced the closure on August 28, disbanding the team.

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Zerodha’s Diversification Clock Is Ticking

Business

Zerodha’s core business is no longer growing. Regulatory curbs and changing investor behaviour are cooling trading activity and squeezing brokerage.

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