Granola launches an Apple Watch app

Source: Tech Crunch

Granola launches an Apple Watch app

Startups

"AI note-taking app Granola has launched an Apple Watch application to allow users to record and transcribe meetings without needing their smartphones. The app integrates with watch faces and provides meeting reminders, facilitating hands-free capture during in-person interactions. This move follows Granola's recent unicorn status after a $125 million Series C funding round. The company chose watch integration over developing proprietary hardware to streamline the user experience.".

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Fish Audio raises $50M seed to build AI voice models for creators and enterprises

Startups

Fish Audio, a Palo Alto startup specializing in expressive AI voice models, has raised $50 million in seed funding led by Coreline Ventures and Capital Today. With over 8 million users and $21 million in annual recurring revenue, the company offers natural language controls for creators and enterprises. Despite facing challenges regarding voice consent, Fish Audio is expanding its product line to include audio understanding and speech-to-speech models.

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Apple launches ‘Upgrade’ device leasing program in partnership with Klarna

Startups

Leasing prices start at $17.99 per month for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad.

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Recursive Superintelligence signs $410 compute deal with Amazon

Startups

Recursive Superintelligence has announced a $400 million compute deal with Amazon Web Services to scale its open-ended self-improving AI systems. The company prioritizes compute resources over headcount to automate product development. While AWS is not investing, the two entities will co-develop specialized infrastructure. Recursive, which raised $650 million in May, expects to release its first tangible, useful AI products to the public by October.

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Delhi HC Orders Winding Up Of Paytm Payments Bank

Business

The Delhi High Court has ordered the winding up of Paytm Payments Bank, appointing former SBI executive Girikumar M. Nair as the official liquidator. This follows the RBI's April decision to revoke the bank's license due to persistent regulatory non-compliance and governance lapses. While banking operations end, the court-supervised process aims to protect customers. Meanwhile, Paytm has migrated its digital payments to partner banks and seeks a new wallet license.

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BigBasket losses widen as revenue grows marginally in FY26

Startups

BigBasket, Tata Digital's online grocery arm, reported a 66% increase in losses to Rs 3,073 crore for FY26, despite a 7.7% revenue rise to Rs 8,223 crore. The company faces intense competition from quick commerce rivals like Blinkit and Zepto. Meanwhile, Tata Digital reported a total loss of Rs 4,974 crore and plans to refocus the Tata Neu app on financial services, loyalty, and insurance expansion.

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Pine Labs Q1 net profit jumps 4X, revenue up 20%

Startups

Pine Labs reported a significant profit jump in Q1 FY27, with profit after tax reaching Rs 20 crore, a fourfold increase year-on-year. Revenue grew 20% to Rs 737 crore, driven by increased merchant digitization and UPI adoption. The fintech company expanded its international presence across 22 countries, seeing revenue rise 21%. Additionally, Pine Labs launched new payment protocols and credit lines on UPI to strengthen its market position.

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CrisprBits is using CRISPR to build faster tests for drug-resistant infections

Startups

CrisprBits, a Bengaluru-based company founded in 2020, utilizes CRISPR technology to combat antibiotic resistance. Its primary platform, PathCrisp, enables early detection of hospital-acquired infections to reduce broad antibiotic prescribing. After raising $3 million in a pre-Series A round, the company plans to expand into Africa and Latin America. Additionally, CrisprBits is partnering with JNCASR to establish a Centre of Excellence for CRISPR innovation and translation.

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Decode Age sells gut microbiome tests and supplements built around the biology of ageing

Startups

Bengaluru-based Decode Age focuses on measuring biological aging through gut microbiome sequencing and biomarkers. The company offers testing, research, and longevity supplements, with revenue growing to ₹11.9 crores in FY24. After appearing on Shark Tank India, it raised ₹14.48 crore in a pre-Series A round to expand its research and infrastructure. Decode Age partners with the Indian Institute of Science to advance longevity studies.

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Cellogen Therapeutics is developing CAR-T cell therapies for blood cancers in India

Startups

Cellogen Therapeutics, a New Delhi-based company, is developing affordable CAR-T and gene therapies for blood cancers and inherited blood disorders. Utilizing an in-house manufacturing facility in Noida, the company aims to reduce costs and target two cancer markers to prevent relapse. Backed by investments from Natco Pharma and Kotak, Cellogen plans a Phase I trial with Christian Medical College, Vellore, targeting a price of $60,000 to $70,000.

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TrusTerra is building a battery health score to make used electric vehicles resellable

Startups

TrusTerra, founded in 2024, aims to revitalize India's used electric vehicle market by introducing TruEV Score, a standardized battery health rating. This tool helps buyers, dealers, and insurers accurately price EVs, reducing depreciation and uncertainty. Having raised Rs 9 crore in pre-seed funding, the company plans to expand its marketplace to 20 cities and certify 20,000 vehicles within 18 months to establish an industry-wide valuation standard.

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Nykaa appoints Ankit Jain to lead quick commerce arm Nykaa Now

Startups

Nykaa has appointed Ankit Jain, a supply chain veteran from Unilever and Swiggy's Instamart, to lead its quick-commerce vertical, Nykaa Now. The company aims to expand its 30-60 minute delivery service nationwide by FY30. Additionally, Nykaa is targeting same-day or next-day delivery for 90% of orders via "Nykaa Next Day" and leveraging its retail stores for "Nykaa Express" to provide hyperlocal deliveries within three hours.

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Delhi High Court orders winding up of Paytm Payments Bank: RBI

Startups

"The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL) following the Reserve Bank of India's cancellation of its banking license. The RBI cited non-compliance and actions detrimental to depositors' interests. Girikumar M Nair has been appointed as the official liquidator. This decision follows a series of regulatory restrictions imposed on the bank since March 2022 due to material supervisory concerns.".

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AI firm Krutrim lays off nearly half of its workforce

Startups

Bhavish Aggarwal's Krutrim has reportedly cut 20 to 25 jobs, affecting product and engineering teams. This marks the second round of layoffs this year for the AI unicorn, which previously reduced its sales and operations staff. Despite these cuts and previous restructuring, the company reported a 3X revenue increase to Rs 300 crore in FY26 and its first annual net profit, maintaining a margin over 10%.

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Table Space To File Draft Papers For $350 Mn IPO Next Month: Report

Business

Managed workspace provider Table Space plans to file for an IPO by early August, seeking to raise up to $350 million. The public issue will likely include a ₹1,000 crore fresh equity component and an offer for sale. Despite a reported net loss in FY25 due to exceptional items, the company's operating revenue grew 51% to ₹1,360 crore, reflecting strong demand for enterprise office solutions in India.

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Meta summoned after PM Modi post removed; govt rejects glitch explanation

Startups

The Indian government summoned Meta's global head of public policy after the company erroneously removed a post by Prime Minister Narendra Modi regarding paper leaks. While Meta attributed the removal to an automated filter glitch, officials found the explanation insufficient. This incident occurs amid broader regulatory scrutiny of Meta in India, including concerns over WhatsApp features, Instagram advertisements, and AI tools, as the government emphasizes platform accountability.

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Flipkart's supply chain arm Ekart opens logistics network to external brands

Startups

"Ekart, the logistics arm of Flipkart Group, is opening its pan-India network to external businesses, including MSMEs, D2C brands, and FMCG companies. Through a new franchise model and expanded warehousing, Ekart aims to reach 1,000 outlets by 2026. External partners will gain access to dedicated fulfillment centers and AI-powered technology for shipment tracking and demand forecasting, enabling them to scale operations and reduce delivery turnaround times.".

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Antler India bets on AI, climate tech, and deeptech with new startup cohort

Startups

VC firm Antler India has unveiled nine early-stage startups across sectors including AI, climate technology, mobility, and healthtech. This new cohort emphasizes a shift toward solving complex industrial and infrastructure challenges over traditional consumer internet models. Featuring innovations like autonomous cargo aircraft and long-duration batteries, the startups reflect India's growing deeptech landscape and global ambitions, supported by a broader national push toward AI infrastructure and indigenous development.

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Centre Summons Meta Over Removal Of PM Modi’s Facebook Post

Business

The electronics and IT ministry (MeitY) has summoned Meta’s global head of public policy after Facebook temporarily removed a video.

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Pine Labs Q1: Profit Surges 4X YoY To ₹20 Cr, Revenue Up 20%

Business

Fintech major Pine Labs reported a significant surge in Q1 FY27 net profit, which rose over fourfold year-on-year to ₹19.6 crore from ₹4.8 crore. Operating revenue grew 20% YoY to ₹736.9 crore, reflecting a 5% sequential increase. Despite this growth, net profit declined by 203% compared to the previous quarter. Total income reached ₹765.9 crore, while total expenses increased by 11% year-on-year to ₹728.1 crore.

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