EV Manufacturer Omega Seiki Raises Additional ₹50 Cr To Accelerate International Expansion

Source: inc42

EV Manufacturer Omega Seiki Raises Additional ₹50 Cr To Accelerate International Expansion

Business

EV manufacturer Omega Seiki Mobility (OSM) has raised an additional ₹50 crore in funding led by Unistone Capital, following another ₹50 crore raise earlier this month. The company plans to use the capital to expand manufacturing capacity, strengthen R&D, and grow its dealer network from 150 to 250 touchpoints by FY28. OSM, which produces various electric vehicles, is also expanding globally with a new plant in Dubai.

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From Loan Diversion To Forged Letters: CBI Books BluSmart Founders In ₹672 Cr IREDA Case

Business

The CBI has registered an FIR against Gensol Engineering, Gensol EV Lease, and BluSmart founders Anmol and Puneet Singh Jaggi. Following a complaint by state-run IREDA, the investigation focuses on the alleged diversion and misappropriation of loans totaling ₹672.74 crore. Forensic audits revealed irregularities in EV and solar project funding, alongside the submission of forged documents to credit rating agencies, leading to insolvency proceedings against the entities.

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D2C Brand Be Clinical Bags ₹21 Cr To Double Down On Clinical Skincare

Business

D2C skincare startup Be Clinical has raised ₹21 crore in a seed extension round led by Sauce, with participation from V3 Ventures and various angel investors. Founded by Hemangi Dhir, the brand focuses on clinically tested products for aging concerns. The company will utilize the capital to enhance R&D, expand its product portfolio, scale manufacturing, and enter new markets within India's growing beauty and personal care sector.

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ISRO Mulls Exiting Manufacturing Amid India’s Push To Promote Privatisation In The Space Industry

Business

ISRO plans to stop manufacturing launch vehicles and routine satellites, transferring mature technologies like SSLV, PSLV, and LVM3 to private companies and PSUs. This shift allows the agency to focus on R&D, advanced scientific missions, and specialized infrastructure. By empowering the private sector and supporting spacetech startups, India aims to grow its space economy from $8 billion to $44 billion by 2033, enhancing global competitiveness.

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Centre Notifies ₹62,500 Cr Mobile Manufacturing Scheme To Build Indian Brands

Business

MeitY has introduced the ₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS) for FY27 to FY31, succeeding the PLI scheme. The initiative offers incentives between 2.25% and 5% to boost domestic production and support Indian-owned brands, design, and R&D. By focusing on local value addition and component sourcing, the government aims to generate 60,000 direct jobs and drive cumulative mobile phone production of ₹39 lakh crore.

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From Navi To BookMyShow — Indian Startups Raised Over $233 Mn This Week

Business

"Indian startup funding rose 67% to $233.2 million in the third week of August, with 19 startups raising capital. Fintech led the surge, securing $112.5 million, largely driven by Prosus' $100 million investment in Navi. Consumer services followed with $47.2 million. Additionally, IPO momentum grew as Atomberg filed its DRHP and Upstox began talks for a potential $400 million public issue to raise significant capital.".

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Startup success is a Test match, not a T20 game: Accel India co-founder Subrata Mitra on why he backed Flipkart, Myntra, and others

Startups

Subrata Mitra, co-founder of Accel India, emphasizes that successful startup journeys are rarely linear, often involving setbacks and pivots. In his book "Down But Not Out," Mitra argues that enduring founders combine resilience with the judgment to seize opportunities. He advocates for "long-term greed," founder evolution, and professional coaching, suggesting that personal growth and maintaining daily joy are essential for navigating the decade-long grind of entrepreneurship.

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Zomato founder’s brain wearable is (almost) here

Startups

Meesho expects to create 10 lakh seasonal jobs to meet holiday demand. Nobel Hygiene and Atomberg Technologies have both filed draft IPO papers to raise capital for growth. Zomato founder Deepinder Goyal announced Temple, a wearable brain-monitoring device shipping by 2026. Additionally, Bitcoin saw a 23% weekly gain, and Prime Minister Narendra Modi urged space entrepreneurs to apply technology to agriculture and livestock management.

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Heritage and design: how this Mithila transformation initiative empowers artisans

Startups

In this photo essay, we showcase artisan highlights from a recent Sabha centre exhibition in Bengaluru.

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Michael Polansky is training an AI model on skin that’s still alive

Startups

Michael Polansky, the partner of Lady Gaga, is the CEO of Outer Biosciences, an AI and biology startup. The company has developed a proprietary system that keeps living human skin tissue viable for up to a month, far exceeding industry norms. By combining this technology with AI models, Polansky's team can rapidly identify and test new skin-active ingredients, improving the pace of innovation in dermatological research.

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Japanese space tech startup Letara expands beyond satellite thrusters with $16M

Startups

Japan is investing heavily in its aerospace sector, supporting startups like Letara. The Sapporo-based company recently secured ¥2.6 billion to expand its hybrid propulsion technology from small satellite thrusters to large rocket systems for space, defense, and security. Utilizing inexpensive materials like plastic and rubber for fuel, Letara aims to improve thrust and efficiency, targeting a growing global market while competing with international aerospace firms.

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SC Directs Matrimony.com & Jodi365 To Explore Settlement In Trademark Dispute

Business

The Supreme Court has directed Matrimony.com and Free Elective Network to seek a settlement in a trademark dispute over the "Jodii" brand. This follows a Madras High Court ruling that restrained Matrimony.com from using the name, which Free Elective claims is too similar to its "Jodi365" mark. Matrimony.com has proposed renaming its app "Jodi Matrimony" to resolve the conflict and avoid impacting its existing users.

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Anthropic’s Opus 4.6 is a smut-machine

Startups

TechCrunch reports that several of Anthropic's AI models, including Claude Opus 4.6 and Haiku 4.5, can be manipulated to generate sexually explicit content despite company prohibitions. While newer models are resistant, older versions remain available via API and are vulnerable to specific jailbreak techniques. Anthropic maintains that such occurrences are rare, but the findings raise concerns regarding safety safeguards and legal compliance for minors.

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Nvidia partners with data center developer Cloverleaf

Startups

Nvidia has partnered with Cloverleaf Infrastructure, a data center development firm, acquiring a minority stake through an investment worth several hundred million dollars. This move aims to accelerate AI infrastructure growth by securing power and site development. It follows a $1.5 billion investment in SB Energy, reflecting Nvidia's strategy of directly financing the data centers that utilize its AI systems to sustain industry expansion.

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How AI accounting startup Rillet raised $100M and became a unicorn in 48-hours

Startups

AI-native accounting platform Rillet recently achieved unicorn status, raising $100 million at a $1 billion valuation in just 48 hours. Backed by investors like Sequoia and ICONIQ, the startup targets a growing US accountant shortage by replacing legacy systems from Oracle and NetSuite. Rillet utilizes AI agents to automate corporate bookkeeping and finance functions, focusing on enhancing professional productivity rather than replacing human accountants.

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Apple is reportedly cutting hundreds of jobs from Siri, Vision Pro teams

Startups

Apple has cut over 200 positions across several teams, including the Vision Pro, Siri, and Intelligent Systems Experience groups. The company is reshuffling resources to prioritize its latest AI initiatives and new device development. These changes come amid a challenging transition period marked by rising production costs, price increases for hardware, and a legal battle with OpenAI, as Apple seeks to evolve its business and user experiences.

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TikTok reaches $400M settlement over children’s privacy lawsuit

Startups

"TikTok and its parent company, ByteDance, have agreed to a $400 million settlement with the U.S. Department of Justice to resolve allegations of violating children's online privacy laws. The DOJ claimed TikTok allowed underage users and collected their data without parental consent. While not admitting wrongdoing, the company will implement stricter age controls and enhanced parental oversight to improve protections for young users on the social media platform.".

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The $225 Pebble Time 2 is a refreshingly fun smartwatch

Startups

The $225 Pebble Time 2 is a rebooted smartwatch from Core Devices, featuring a color e-paper screen and a 21-day battery life. Unlike the Apple Watch, it emphasizes a playful, retro aesthetic with physical buttons and a silicone band. Supported by a dedicated hacker community, it offers thousands of custom watchfaces and niche apps. While iOS compatibility is limited, it provides essential notifications and basic fitness tracking.

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Nvidia just showed that the harness, not the AI model, is now the real hero

Startups

"Nvidia research reveals that the 'harness'—the scaffolding and tools surrounding an AI model—is more critical than the model itself for long-horizon tasks. By utilizing a custom harness with a supervising agent, researchers enabled Claude Opus 5 to achieve a perfect 100% score on the ARC-AGI-3 benchmark, compared to 30% without it. This underscores the importance of open agent stacks in improving accuracy and security.".

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Last chance: Save up to $300 on your TechCrunch Disrupt 2026 ticket today

Startups

TechCrunch Disrupt 2026 will take place from October 13-15 at Moscone West in San Francisco, focusing on innovation in the AI era. The event features specialized stages for real-world AI, finance, and infrastructure, hosting over 10,000 industry professionals. Attendees can network with founders and investors, including speakers from Rivian and Amazon. The deadline to secure the lowest ticket prices, saving up to $300, is tonight at 11:59 p.m. PT.

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