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GalaxEye secures US patent for OptoSAR satellite imaging technology

Startups

GalaxEye’s US patent for its OptoSAR satellite imaging technology strengthens its intellectual-property position as India’s private Earth-observation sector expands.

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Source: inc42

UIDAI Launches SDK, Sandbox To Ease Aadhaar Face Authentication

Business

The Unique Identification Authority of India (UIDAI) today launched “Face Auth SDK & Sandbox”, a set of software tools and.

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Source: inc42

PhonePe, Visa Partner For Cardless Payments In India, 14 Overseas Markets

Business

PhonePe and Visa have partnered to launch three new payment solutions. These include Tap to Pay for domestic in-store transactions, allowing Android users to pay with tokenized cards. Cross Border Scan to Pay will enable overseas payments in 14 markets using tokenized cards. Additionally, Smart Accept will let small merchants accept contactless card payments directly on their smartphones, expanding PhonePe's card offerings and simplifying transactions for users and businesses.

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Source: inc42

FIU Issues Notices To 15 Crypto Platforms, Initiates Takedown

Business

The Financial Intelligence Unit-India (FIU-IND) has issued notices to 15 offshore virtual digital asset (VDA) service providers for non-compliance with.

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QNu Labs raises Rs 200 Cr as demand for quantum-safe cybersecurity grows

Startups

The quantum-safe cybersecurity company will use the fresh capital to expand research, sales and technology capabilities as India advances its quantum agenda.

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Source: inc42

RentoMojo IPO Subscribed 69% So Far On Day 1, NII Portion Booked 90%

Business

Online furniture and appliance rental platform RentoMojo’s ₹1,256 Cr IPO was subscribed 69% by 12:57 IST on the first day.

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India orders takedown of 15 offshore crypto platforms over AML non-compliance

Startups

The platforms were operating in India without registering with FIU-IND and complying with requirements under the Prevention of Money Laundering Act.

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Source: inc42

Fleet Management Startup Carrum Mobility Raises $10 Mn From Uber

Business

B2B fleet management startup Carrum Mobility has raised $10 Mn (about ₹96 Cr) from ride-hailing major Uber as a part.

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Source: inc42

CCI Closes WinZO’s Antitrust Case Against Google After Real Money Gaming Ban

Business

The Competition Commission of India (CCI) has closed its antitrust probe into Google over its treatment of real money gaming.

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Source: Tech Crunch

Google DeepMind alumni are building tools to accelerate fusion power for the grid

Startups

Fusionality is developing control systems and simulation environments to help fusion power startups move faster.

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Source: inc42

Snap CBO Ajit Mohan To Step Down After Four-Year Stint

Business

Former Meta India head and Hotstar CEO Ajit Mohan is stepping down as the CBO of Snapchat parent Snap after.

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Source: inc42

Indian Fintech Moves Beyond AI Demos

Business

AI is all set to take centre stage at the Global Fintech Fest (GFF) in Mumbai this week, with product.

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Source: Tech Crunch

CloudNC raises $20M to automate manufacturing’s most pressing bottlenecks

Startups

UK-based manufacturing software startup CloudNC announced Wednesday a $20 million B extension round, bringing its lifetime total raised amount to $128 million.

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Ajit Mohan steps down as Snap’s Chief Business Officer

Startups

The former Meta India head is returning to Singapore to spend more time with his family. Snap has named EMEA President Ronan Harris as its Chief Commercial Officer.

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Source: inc42

Instant Help’s Ground Reality, Shiprocket’s Second Act & More

Business

The Cost Of India’s Convenience Economy Fuelled by massive capital and discounting wars, India’s instant service platforms are preparing for.

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Tazapay to be acquired by Circle in $400M stock deal; GalaxEye wins US patent for satellite imaging

Startups

US-based Circle Internet Group will strengthen its position in the APAC region following the acquisition of Tazapay; GalaxEye’s US patent for its OptoSAR satellite imaging technology strengthens its intellectual-property position as India’s private Earth-observation sector expands.

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Desi Tales is betting on cotton and craft for comfortable kids' festive wear

Startups

Bengaluru's Desi Tales makes 100% cotton ethnic wear and nightwear for kids, priced between mass-market and premium labels.

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Shuddh Swad is building a regional snacks brand using traditional household recipes

Startups

Shuddh Swad makes preservative-free Bihari thekua using traditional recipes and crossed Rs 1 crore in revenue in its first year, fully bootstrapped.

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Source: inc42

Quantum Cybersecurity Startup QNu Labs Nets ₹200 Cr To Scale R&D

Business

Quantum cybersecurity startup QNu Labs has raised ₹200 Cr (around $21 Mn) in its Series A1 funding round co-led by.

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Source: Tech Crunch

White House takes down ‘Build the Wall’ game after the Tetris Company complains

Startups

<summary>The Trump administration removed a Tetris-like video game, "Build the Wall," from its website after the Tetris Company complained about copyright infringement. The game, which tasked players with stacking blocks to.

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Source: Tech Crunch

Hackers are stealing Claude tokens from subscribers

Startups

AI consultant Grant de Swardt and other users discovered unauthorized token consumption on their Anthropic Claude accounts. Anthropic attributed the thefts to compromised session keys and infostealer malware used by bad actors to siphon usage. While the company suspended affected accounts and issued some refunds, users criticized the lack of itemized usage tracking. Consequently, de Swardt cancelled his subscription, citing inadequate tools for users to detect misuse.

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