Flipkart expands Tamil Nadu footprint with focus on digital commerce, tech and supply chain

Source: Your story

Flipkart expands Tamil Nadu footprint with focus on digital commerce, tech and supply chain

Startups

Flipkart is strengthening its partnership with the Tamil Nadu government to expand its digital commerce, technology infrastructure, and supply-chain operations. The company supports over 70,000 local sellers and 1.3 lakh jobs, connecting regional manufacturing clusters to national markets. Key investments include a major Chennai data center, quick-commerce expansion via Flipkart Minutes, and sustainability efforts through electric vehicles and the Samarth initiative for artisans and farmers.

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Deeptech startup Discovered Materials raises $9M in Seed round

Startups

Deeptech startup Discovered Materials, founded by IIT-Madras alumni, has raised $9 million in seed funding led by Lightspeed India Partners. The company utilizes AI agents to accelerate the discovery of new semiconductor materials, specifically targeting thermal management bottlenecks in AI chips. By integrating simulation and experimental validation, the startup aims to compress years of R&D into days. Funding will support team expansion and scaling their AI research.

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AvenuesAI Q1 Profit Jumps 45% YoY To ₹85 Cr, Revenue More Than Doubles

Business

AvenuesAI, formerly Infibeam Avenues, reported a 45% year-on-year increase in consolidated net profit to ₹84.8 crore for Q1 FY27. Operating revenue surged 109% to ₹2,680.4 crore, reflecting growth in its digital payments business. Total income reached ₹2,708.8 crore, although total expenses more than doubled to ₹2,624 crore. Sequentially, net profit saw a slight decrease of 5% from the previous quarter's ₹89 crore.

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Blinkit’s Mumbai Facility Licence Suspended After FDA Finds Cockroach Infestation

Business

"The Maharashtra FDA has suspended the food licence of a Blinkit facility in Mumbai’s Malad West following an inspection that revealed an extensive cockroach infestation. Officials cited severe hygiene violations, including improper food storage, expired products, and inadequate pest control. This action follows similar regulatory measures against other quick commerce platforms, highlighting growing concerns over food safety compliance as dark store networks rapidly expand across India.".

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AI is changing cyber threats. Recovery is becoming just as important as prevention

Startups

At a Rubrik and YourStory Media roundtable in Bengaluru, industry leaders discussed cyber resilience in the AI era. While AI accelerates development, it expands attack surfaces through vulnerabilities like prompt injection and AI-generated code. Experts emphasized that prevention is insufficient, urging organizations to prioritize cyber recovery and resilience. They argued that treating cybersecurity as a business continuity priority, rather than a compliance exercise, is essential for rapid restoration.

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ISRO’s Thoothukudi spaceport to become India’s first privately operated spaceport

Startups

India's IN-SPACe is inviting private firms to operate and maintain the new Small Satellite Launch Complex at Kulasekarapattinam, Tamil Nadu. While the Department of Space retains ownership, a neutral private operator will manage the facility to support multiple commercial launchers. This shift aims to increase launch cadence and commercialize India's space sector. Eligible firms must meet strict financial criteria, with the facility expected to be operational by 2026-27.

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Karnataka Flags Safety, Insurance Concerns Over Bike Taxis In SC

Business

Karnataka has approached the Supreme Court to challenge a High Court order allowing bike taxi operations. The state argues that motorcycles lack essential safety features, raising concerns over passenger security, insurance coverage, and women's safety. It contends that transport authorities should maintain discretionary power over permits. This legal battle involving aggregators like Ola, Uber, and Rapido will determine if bike taxis can operate without a dedicated state policy.

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Discovered Materials Raises $9 Mn For AI-Led Semiconductor Material Discovery

Business

Discovered Materials, founded by IIT Madras alumni, has raised $9 million in a seed round led by Lightspeed India Partners, with support from Y Combinator and Peak XV Partners. The San Francisco-based startup utilizes AI agents to accelerate the discovery and commercialization of semiconductor materials, focusing on thermal management and power efficiency. The funding will expand its team and laboratory infrastructure to shorten the lab-to-fab timeline.

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Table Space Files DRHP For ₹800 Cr+ IPO

Business

"Managed workspace provider Table Space has filed its DRHP with SEBI for an IPO featuring a fresh issue of up to ₹800 crore and an offer for sale of up to 6.55 crore shares. Key sellers include Hillhouse Investment, founder Karan Chopra, and co-CEO Kunal Mehra. The company intends to use ₹550 crore from the fresh issue for debt repayment, with remaining funds allocated for acquisitions and corporate purposes.".

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Inside Dark Store Festive Stock Up Strategy

Business

Quick commerce is evolving into a primary shopping channel for India's 2026 festive season, expanding beyond groceries into electronics, beauty, and fashion. Success now depends on AI-driven hyperlocal forecasting and efficient dark-store replenishment rather than just delivery speed. While non-grocery volumes are surging, experts warn brands against mistaking temporary festive GMV spikes for sustainable growth, emphasizing the importance of precise inventory placement to meet demand.

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How Nexular is helping EV makers track and manage connected vehicles

Startups

Mumbai-based startup Nexular provides EV manufacturers in India, Southeast Asia, and Africa with connected hardware, cloud software, and AI intelligence. By owning the full technology stack, Nexular enables real-time monitoring of battery health and vehicle location, accelerating development cycles. This infrastructure helps manufacturers manage fleets and reduces financing risks for riders, potentially lowering borrowing costs while scaling the region's electric vehicle ecosystem through integrated connectivity.

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4 Spiritual non-fiction books to read in August 2026

Startups

August is a time for reflection and renewal, making it an ideal month to explore spiritual non-fiction. Recommended titles include Stephanie Ike Okafor’s *The Power of Your Dreams*, Christena Cleveland’s *The Black Madonna*, Richard Rohr’s *Things Hidden*, and Michael A. Singer’s *The Untethered Soul*. Together, these works offer diverse perspectives on divine guidance, sacred power, hidden truths, and mindfulness to help readers achieve personal transformation and growth.

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6 Books to explore the relationship between money & emotions

Startups

Financial decisions are often driven by emotions, beliefs, and personal experiences rather than logic. Six influential books explore this intersection, highlighting how behavioral patterns, childhood "money scripts," and perceived scarcity shape financial habits. By examining the psychological dimensions of wealth, these works argue that true financial well-being requires emotional awareness and a shift toward sufficiency and gratitude, proving that money is about human behavior more than mathematics.

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IPO-Bound Tonbo Imaging’s Net Profit Sinks 30% YoY To ₹362.6 Cr In FY26

Business

Defencetech startup Tonbo Imaging reported a 30% year-on-year decline in net profit to ₹362.6 crore and a 22.7% drop in operating revenue to ₹299.9 crore for FY26. The company saw significant declines in both domestic and export sales. As it prepares for an OFS-only IPO, Tonbo has refuted allegations regarding the procurement of Chinese components and the intentional underpricing of contracts to inflate its order book.

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B2C Giants Add AI Twist, LEAP India IPO Day 2 & More

Business

Indian consumer startups like Zomato and CARS24 are transforming internal AI tools into standalone enterprise ventures to unlock new revenue streams. Meanwhile, Apple Pay prepares for an October India launch, and Info Edge reports a 43% profit surge. Other highlights include LEAP India's IPO progress, GalaxEye's acquisition of StarOps, and the emergence of AI-driven rental platform FlatX, alongside ongoing legal disputes between Zostel and OYO.

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GalaxEye buys StarOps; Info Edge’s net profit up 43%

Startups

TSMC reported a 44.7% revenue increase driven by AI demand, while Intel plans to raise $15 billion to compete in chip manufacturing. Meta is open-sourcing AI models to challenge rivals. In space tech, GalaxEye acquired StarOps to boost satellite engineering. Meanwhile, Info Edge saw a 43% profit rise led by Naukri. Finally, global oceans reached record high temperatures in July, partly due to El Niño conditions.

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OpenAI reportedly completed a $7 billion employee tender offer

Startups

OpenAI has repurchased $7 billion in shares from employees to provide liquidity, valuing the AI lab at $852 billion. While the company filed confidentially with the SEC for a potential IPO, this tender offer suggests a public debut may be delayed. This move allows employees to realize stock value as OpenAI focuses on its enterprise business and improves financial performance to better compete with rivals like Anthropic.

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As AI-led attacks multiply, OpenAI launches a new cyber model

Startups

OpenAI is expanding its AI cybersecurity defense program Daybreak, and rolling out a new cyber-trained AI model with it.

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Jeff Bezos might finally get his hands on a sports team

Startups

Jeff Bezos and Facebook co-founder Eduardo Saverin are reportedly seeking to acquire at least a 30% stake in Liverpool FC, valued at approximately £1.35 billion. This move follows a growing trend of American billionaires and celebrities investing in English soccer teams to gain global brand recognition. With a net worth of $280 billion, Bezos aims to expand his cultural presence and business interests within the United Kingdom.

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Now Rippling is counter suing tiny startup Runlayer

Startups

"HR startup Rippling has filed a patent infringement lawsuit against MCP gateway startup Runlayer. This legal action follows a previous suit by Runlayer, which accused Rippling of breach of contract and stealing product ideas after a year-long trial of its software. While Runlayer claims Rippling misappropriated its technology to build a competing product, Rippling asserts that Runlayer infringed on its own patents in a retaliatory legal battle.".

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