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

Source: inc42

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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Meta says AI is making it easier to build new apps — and more are coming

Startups

Meta is leveraging large language models to accelerate the development and launch of new consumer applications. CEO Mark Zuckerberg highlighted recent releases, including standalone apps for Marketplace and Groups, noting that AI enables faster testing and scaling. While previous attempts at standalone apps failed, Meta credits AI-powered recommendations for the growth of Threads. The company plans to release more novel products soon, utilizing AI to improve user relevance.

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Netflix lands global streaming deal for ‘The Walking Dead’

Startups

"Netflix has signed a $500 million multi-year licensing agreement with AMC Global Media to bring The Walking Dead Universe to a global audience. The deal provides co-exclusive rights to the original series and six spin-offs, totaling 371 episodes. While Netflix previously held exclusive U.S. rights, it will now share access with AMC+. This strategic investment aims to drive viewer engagement through an established, binge-worthy franchise.".

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PhonePe launches PulsePro: Actionable data intelligence for Indian businesses

Startups

"PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that converts aggregated, anonymized transaction data into hyperlocal, real-time market insights. Leveraging a network of 700 million users and 50 million merchants across India, the tool helps organizations optimize distribution, site selection, and expansion strategies. Building on the free PhonePe Pulse platform, PulsePro provides data-driven intelligence to replace traditional survey-based research for smarter business decision-making.".

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Nscale buys Anyscale as it seeks to own more of the AI compute stack

Startups

"British AI neocloud Nscale is acquiring software startup Anyscale for $1.65 billion to enhance its AI workload scaling capabilities. Anyscale, built on the Project Ray framework, specializes in training and serving large language models. This acquisition allows Nscale to vertically integrate its infrastructure and software layers. Anyscale will maintain its branding and 200 employees will join Nscale, which is backed by investors including Nvidia and Dell.".

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Fusion power darling Commonwealth Fusion Systems raises another $1B

Startups

"Commonwealth Fusion Systems (CFS) has raised $1 billion, bringing its total funding to $4 billion to advance fusion power commercialization. The company is currently developing its Sparc demonstration reactor, aiming for scientific breakeven by 2027, and designing its first commercial plant, Arc. With commitments from Google and Eni to purchase electricity, CFS continues to lead the sector using magnetic confinement technology to generate clean energy.".

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Forward-deployed engineers are the AI industry’s latest talent obsession

Startups

"A study by Christian & Timbers reveals a critical shortage of elite forward-deployed engineers (FDEs) capable of delivering AI return on investment for enterprises. While demand is projected to surge by 2,100% by year-end, only about 2,000 such specialists exist in the U.S. As companies shift focus toward value-maxxing and workflow implementation, FDEs have become essential for integrating AI technology while protecting proprietary business processes.".

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In the Hugging Face breach, OpenAI’s hacker was noisy and fast — but not unstoppable

Startups

Cybersecurity experts told TechCrunch that one of the biggest lessons to be taken from the OpenAI hack against HuggingFace has nothing to do with AI, but traditional cybersecurity defense.

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Zepto Pauses IPO Amid Valuation Concerns, To Raise ₹1,000 Cr Pre-IPO Round

Business

Zepto has paused its IPO plans and is instead seeking a ₹1,000 crore pre-IPO placement from primarily domestic investors. This decision follows a significant valuation gap, with institutional investors valuing the quick commerce startup between $2.5 billion and $3 billion, well below previous expectations. The move comes as Zepto faces widening losses and intense competition from rivals like Blinkit and Swiggy Instamart in the expensive quick commerce sector.

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7 Books that will make you more comfortable with ambiguity

Startups

Life is inherently uncertain, and while ambiguity can feel uncomfortable, embracing it fosters resilience, creativity, and growth. Several influential books offer strategies for navigating the unknown, from Annie Duke's focus on probabilities to Nassim Nicholas Taleb's concept of antifragility. By shifting perspectives from fear to curiosity, individuals can make better decisions and find meaning in life's unpredictable nature, viewing uncertainty as a catalyst for transformation.

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TechCrunch Disrupt 2026’s biggest stage features leaders from Amazon, Replit, Tether, with much more to come

Startups

TechCrunch Disrupt 2026 will take place from October 13–15 at the Moscone Center in San Francisco. The event focuses on building, funding, and scaling in the age of AI, featuring leaders from Amazon, Replit, Tether, and Rivian. Attendees will explore topics like AI infrastructure, the future of software, and financial technology across multiple stages, including the Startup Battlefield and networking opportunities for over 10,000 industry leaders.

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FTC sues Hims & Hers for allegedly sharing patients’ medical data with advertisers Meta and Snap

Startups

<summary>The FTC is suing healthcare giant Hims & Hers for allegedly sharing customers’ sensitive medical and healthcare information with advertisers like Meta and Snap, and for misleading consumers about its privacy practices. The lawsuit also cites deceptive billing and difficult cancellation policies. This action is part of the FTC's ongoing crackdown.

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7 Books that will make you reconsider your life priorities

Startups

In a fast-paced world, people often lose sight of their true values. This article recommends seven books to help readers rethink their priorities and live more intentionally. Titles like The Alchemist and Man’s Search For Meaning explore purpose, while Essentialism and The Power Of Now emphasize focus and presence. Together, these works encourage a shift from mere achievement toward a more meaningful, balanced, and authentic existence.

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Swiggy losses narrow to Rs 791 Cr; revenue up 37% in Q1 FY27

Startups

Swiggy reported a 37% revenue increase to Rs 6,812 crore for the first quarter of FY27, while net losses narrowed by 34% to Rs 791 crore. Growth was driven by B2B, food delivery, and Instamart, with the quick commerce segment reaching contribution break-even in May 2026. Monthly transacting users rose 27.4% to 27.5 million, supported by an expanded network of 1,171 dark stores across 131 cities.

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Zoox clears final federal hurdle to launch paid robotaxi service

Startups

The National Highway Traffic Safety Administration granted Zoox, an Amazon-owned company, a temporary exemption allowing it to charge customers for rides in its custom robotaxis. These vehicles lack traditional controls like steering wheels and pedals. The exemption covers eight safety standards and limits the commercial fleet to 2,500 vehicles annually for two years. This move is part of a broader NHTSA effort to standardize autonomous vehicle safety.

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Dili raises $21.7 million to bring AI compliance to the infrastructure boom

Startups

"AI compliance startup Dili has raised $15 million in Series A funding, bringing its total to $21.7 million. Led by Khosla Ventures, the company uses AI to manage complex construction regulations for US infrastructure projects, including federal and clean energy rules. By converting unstructured data into structured formats, Dili reduces compliance tasks from days to minutes. The software is currently utilized across approximately 700 diverse projects.".

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Inforcer raises $50M to help prepare smaller businesses for a new world of AI and security risks

Startups

London-based Inforcer just closed a $50 million Series C round led by Insight Partners.

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Sarvam Takes On Claude, Codex With Cheaper, India-Hosted Coding Agent

Business

"AI unicorn Sarvam unveiled Sarvam Code, an AI coding agent for engineering teams, at its Epoch 2026 conference. Utilizing a planner, worker, and verifier architecture, the India-hosted tool aims to be more cost-effective and performant than competitors like Claude and ChatGPT. Sarvam also introduced an inference platform, Blackwell GPU deployments, and updated vision tools, while appointing former Mistral AI member Devendra Singh Chaplot as an advisor.".

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Sebi issues operational framework to accelerate launch of AIF schemes

Startups

"Sebi has introduced the GARUDA operational framework to accelerate the launch of Alternative Investment Funds (AIFs). Regular schemes can now launch ten working days after filing their Placement Memorandum through a merchant banker. Meanwhile, AI-only funds, Large Value Funds, and Angel Funds are exempt from merchant banker requirements and can launch immediately. The regulator also mandated specific naming conventions and strict disclosure responsibilities to ensure transparency and accuracy.".

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How Rubrik Is Rewriting The Rules Of Cyber Resilience

Business

Enterprise cybersecurity is shifting from attack prevention to cyber resilience, focusing on rapid business recovery. Rubrik's Ananth Nag emphasizes that standard backups are insufficient as attackers now target identity systems and backup infrastructure. With AI adoption increasing data sprawl and India's DPDP Act raising stakes, organizations must adopt an "assume-breach" mindset. Prioritizing data visibility and identity recoverability is now essential for maintaining business continuity in multi-cloud environments. (69 words) -.

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Swiggy’s Food Delivery Profit Slips Sequentially As LPG Supply Disruption Hits Margins

Business

Swiggy’s food delivery business saw its profitability moderate sequentially in the first quarter of FY27 as restaurant order cancellations caused.

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