Freshworks appoints Ryan Manning as chief product and technology officer

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Freshworks appoints Ryan Manning as chief product and technology officer

Startups

Freshworks has appointed Ryan Manning as Chief Product and Technology Officer, effective August 10. Reporting to CEO Dennis Woodside, Manning succeeds Srini Raghavan and will unify product and technology strategies to accelerate AI and customer experience innovation. Manning previously worked at ServiceNow and co-founded FreeAgent CRM. Financially, Freshworks reported a 16% revenue increase to $228.6 million in Q1 2026, though its net loss rose to $4.8 million.

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DoorDash is building its own drone delivery business

Startups

DoorDash has unveiled DoorDash Air, a new drone delivery service following FAA Part 135 certification. The company plans to integrate custom-built drones into its delivery network alongside existing sidewalk bots and human drivers. Managed by DoorDash Labs, the initiative utilizes a specialized Autonomous Delivery Platform to optimize dispatching. While maintaining partnerships with Wing and Flytrex, DoorDash aims to solve complex autonomy challenges to improve customer delivery efficiency.

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Spotify adds a running mode to its app

Startups

Running Mode will be available to Premium users on iOS in select countries.

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AI startup Revspot raises $4.8M in Series A round

Startups

"Bengaluru-based AI startup Revspot has raised $4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures. The company, which automates lead generation and qualification for B2C businesses, plans to use the capital to enhance its engineering capabilities, expand into new high-ticket sectors, and enter international markets. Revspot currently serves over 50 customers across real estate, education, and automotive industries.".

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Fintech’s Second IPO Wave: This Time, It’s About Profits

Business

A new wave of Indian fintech startups, including Fibe, Moneyview, and PhonePe, is preparing for IPOs, marking a shift toward a more mature sector. Unlike the 2021 cycle, current investors prioritize sustainable profitability, disciplined valuations, and diversified revenue streams over rapid growth. These companies are now evaluated as financial services businesses, focusing on execution, governance, and the ability to compound earnings profitably within a tighter regulatory environment.

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Semiconductor Major Marvell To Invest $250 Mn in India, Double Headcount

Business

US-based Marvell Technology will invest $250 million in India over three years to enhance its AI chip development and data infrastructure capabilities. The company plans to double its Indian engineering workforce and expand its offices in Bengaluru and Hyderabad. This move aligns with India's growing semiconductor market and the government's ₹1.28 Lakh Cr outlay for the Indian Semiconductor Mission to strengthen domestic chip design and innovation.

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Anicut Capital launches Rs 175 Cr seed fund to back early-stage startups

Startups

"Chennai-based Anicut Capital has launched the Grand Anicut Seed Fund (GASF) with a target corpus of Rs 175 crore and a Rs 75 crore greenshoe option. The fund targets pre-Series A and Series A startups in deeptech, enterprise technology, consumer businesses, and financial services. GASF aims to support over 20 companies with investments between Rs 5 crore and Rs 8 crore, building on the success of its previous angel fund.".

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Fast Metals is treating waste with more waste to extract critical minerals

Startups

Fast Metals, a startup led by CEO Sumedh Gostu, has raised $4.3 million in pre-seed funding to extract valuable minerals from red mud, a caustic aluminum refining waste. By utilizing another waste stream, the company can economically recover iron, titanium, and rare earth elements. Fast Metals plans to scale its operations through a commercial contract with Metalox to process one ton of waste weekly later this year.

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Aequs Reports ₹53.2 Cr Loss In Q1 Despite A 55% YoY Jump In Revenue

Business

Contract manufacturing company Aequs reported a net loss of ₹53.2 crore for the June quarter (Q1 FY27), shifting from a net profit of ₹3.6 crore in the same period last year. While operating revenue grew 55% year-on-year to ₹395.6 crore, total expenditure surged 67% to ₹380.8 crore. Total income for the quarter reached ₹402.3 crore, and the company marginally reduced its sequential net loss by 0.9%.

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Pine Labs Shares Slide 5.6% After Q1 Profit Slumps 67% QoQ

Business

Pine Labs shares dropped over 5% following Q1 FY27 results, which showed a 67% sequential profit decline to ₹19.6 crore despite 20% year-on-year revenue growth. The company attributed compressed margins to strategic investments in AI, cloud infrastructure, and international expansion. While brokerage Citi lowered its target price to ₹215, management expects profitability to recover as one-time costs normalize and transaction volumes increase through UPI and credit products.

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As AI content floods the internet, Pangram raises $9M to detect it

Startups

Pangram has raised $9 million to scale its AI detection software. The startup has also released a new AI text detection model, Pangram 4, and an AI image detection model in research preview.

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Zepto Mulls IPO Delay As Investors Push For $2.5-$3 Bn Valuation

Business

Zepto is considering delaying its IPO due to a valuation gap with institutional investors, who are seeking a valuation between $2.5 billion and $3 billion. This is significantly lower than the company's previous $7 billion private market valuation. Investors are concerned about Zepto's widening losses and high cash burn amid intense competition. The company is negotiating before its IPO papers expire on August 21 to secure funding for expansion.

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Freshworks Appoints Ryan Manning As CPTO, CPO Raghavan Exits

Business

"Freshworks has appointed former ServiceNow executive Ryan Manning as its new chief product and technology officer, effective August 10. Manning succeeds Srini Raghavan and will oversee product and technology strategy for AI, IT, and customer experience products. This leadership change follows significant executive churn and restructuring efforts to prioritize AI. Financially, the company reported a $4.8 million net loss in the first quarter of 2026 despite revenue growth.".

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IPO-Bound OfBusiness’ FY26 Profit Jumps 21% YoY To ₹724 Cr

Business

IPO-bound B2B ecommerce startup OfBusiness reported a 21% increase in FY26 consolidated net profit to ₹724 Cr, despite flat operating revenue of ₹20,645 Cr. EBITDA rose 34% to ₹769 Cr. Its lending arm, Oxyzo Financial Services, saw its asset base grow 28% to ₹11,822 Cr with net profit reaching ₹375.5 Cr. The company is preparing for an IPO targeting a $750 million to $1 billion raise at a $6-9 billion valuation. (73 words) -.

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D-Propulse is building a jet engine with no moving parts for supersonic and hypersonic flight

Startups

D-Propulse Aerospace, founded in New Delhi and incubated at IIT Madras, is developing India's first rotating detonation engine. This technology offers greater thermal efficiency and mechanical simplicity compared to traditional jet engines. Having raised Rs 25 crore, the company has progressed to Technology Readiness Level 5 following successful ground tests of a 5-kilonewton prototype. D-Propulse aims to create propulsion systems for high-supersonic and hypersonic platforms.

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Green Aero is building hydrogen-powered jet engines for drones, aircraft and ships

Startups

Green Aero, founded by Dr. Prithwish Kundu and incubated at IIT Delhi, aims to reduce India's dependence on imported aircraft engines. The startup focuses on high-efficiency conventional turbines and hydrogen-powered propulsion, recently test-firing the "Blue Dragon" engine core. With $1.6 million in seed funding from pi Ventures and Antler, the company targets the defense and civil aviation markets, developing indigenous propulsion for drones and aircraft.

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Misochain makes the flight-critical aircraft components that India usually imports

Startups

Bengaluru-based Misochain, founded by former Honeywell engineers, is developing indigenous flight-critical subsystems, including air data probes, to reduce India's reliance on aerospace imports. Holding AS9100D certification, the company focuses on design and testing while outsourcing precision machining. Recently, Misochain raised Rs 18 crore in seed funding led by Capital-A to expand its manufacturing facility and accelerate certification for drone and defense platforms.

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Olee Space is building laser communication systems and directed energy weapons for India

Startups

Pune-based startup Olee Space is developing photonics technology, including quantum-secure communications and directed energy weapons. To counter expensive missile-based air defense, the company offers a laser system for drone neutralization costing less than one dollar per shot. Olee Space recently delivered a production-grade weapon to the Indian Armed Forces and raised $3 million in seed funding to scale production and advance its optical communication protocols.

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CIIC’s Mega Demo Day returns with bigger startup showcase

Startups

"The Crescent Innovation & Incubation Council will host its fifth Mega Demo Day on August 5, 2026, featuring over 150 startups across various sectors. The event aims to foster partnerships between entrepreneurs, investors, and policymakers through networking and product launches. A highlight will be the inauguration of the Atal Incubation Centre, expanding support for high-potential ventures as part of India's broader national innovation and startup ecosystem.".

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BlackBuck Q1: Profit Increases 25% To ₹42 Cr, Revenue Zooms 42% YoY

Business

Logistics company BlackBuck reported a net profit of ₹42.2 crore for Q1 FY27, marking a 25% increase year-over-year but a 56% decline from the previous quarter. Operating revenue grew 42% YoY and 10% QoQ to ₹204.2 crore, with total income reaching ₹220.5 crore. Meanwhile, total expenses rose 57% year-over-year to ₹178.4 crore, and the company recorded a deferred tax gain of ₹45 lakh.

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