MATTER Nets $25 Mn To Scale Manufacturing, Launch Four New Electric Motorcycles

Source: inc42

MATTER Nets $25 Mn To Scale Manufacturing, Launch Four New Electric Motorcycles

Business

Ahmedabad-based startup Matter Motor Works has raised $25 million in growth capital from investors including Helena and Capital 2B. This funding will expand the company's manufacturing, distribution, and supply chain capabilities. Matter plans to launch four new electric motorcycles based on its AERA platform over the next 12 to 24 months. The startup's flagship AERA model is recognized as India's first geared electric motorcycle.

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Pernia’s Pop Up Shop Files RHP, Increases IPO Size To ₹680 Cr

Business

Purple Style Labs, the parent company of Pernia’s Pop Up Shop, has filed its red herring prospectus for a fresh issue-only IPO worth ₹680 crore. The offering opens for subscription from August 31 to September 2, with anchor bidding on August 28. The company plans to allocate ₹371.1 crore for lease liabilities and ₹138.9 crore for sales and marketing through FY30, with remaining funds for general corporate purposes.

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Nexedge Capital Nets $20 Mn To Scale HNI Wealth Management Platform

Business

"Nexedge Capital, a wealth management startup founded by former 360 ONE Wealth executives, has raised $20 million in its maiden funding round. Co-led by Mirae Asset Venture Investment and Elev8 Venture Partners, the capital will be used to enhance its tech stack, expand its banker network, and grow its Indian presence. The firm currently manages $3 billion in assets and serves over 1,300 high-net-worth families.".

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Airbound Bags $37 Mn From Greenoaks, DoorDash To Scale Drone Manufacturing

Business

Bengaluru-based dronetech startup Airbound has raised $37 million in a Series A funding round led by Greenoaks, bringing its total funding to nearly $50 million. The company specializes in autonomous drones for transporting goods, utilizing a unique blended-wing-body design. Airbound plans to use the capital to scale manufacturing and engineering, aiming to expand its delivery networks across healthcare, ecommerce, and retail sectors, starting in Andhra Pradesh.

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Kedaara Capital invests $200M in Tynor Orthotics

Startups

Kedaara Capital has invested $200 million in Tynor Orthotics, a Mohali-based manufacturer of orthopaedic supports and rehabilitation products. Tynor operates across 60 countries, selling through 300,000 retail outlets and 8,000 hospitals. The investment aims to build an ortho-focused wellness platform, expanding Tynor's domestic and international presence while enhancing manufacturing capabilities. Kedaara will collaborate with Tynor's promoters and strategic partner Thuasne to drive this global growth.

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EV startup MATTER raises $25M to scale electric motorcycle business

Startups

MATTER Motor Works, an Ahmedabad-based electric motorcycle startup, has raised $25 million in growth capital from existing investors, bringing its total funding to approximately Rs 1,000 crore. The company plans to expand manufacturing, distribution, and its supplier network while launching four new motorcycles within 24 months. Known for its geared AERA model, MATTER aims to capitalize on India's rapidly growing electric two-wheeler market and government support.

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Wealth management firm Nexedge Capital raises $20M

Startups

"Nexedge Capital, a New Delhi-based wealth management firm founded by Anirudha Taparia, has raised $20 million in its first funding round led by Mirae Asset Venture Investment and Elev8 Venture Partners. The company plans to enhance its technology, expand its presence across India, and develop NRI and NBFC services. With $3 billion in assets under management, Nexedge focuses on comprehensive net-worth management for high-net-worth families.".

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Karnataka Suspends Amazon, Instamart, BigBasket Food Licences Over Toxic Datura Listings

Business

"Karnataka has suspended the food licenses of Amazon, Swiggy Instamart, and BigBasket after the platforms listed poisonous Datura fruits and seeds for human consumption. The Karnataka Food Safety and Drug Administration Department ordered the immediate removal of these listings and requested compliance reports. This action reflects increasing regulatory scrutiny of quick commerce platforms regarding food safety, following similar license suspensions for other delivery services in Maharashtra.".

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Infineon To Acquire Peak XV-Backed C2i Semiconductors To Bolster AI Play

Business

German semiconductor giant Infineon is acquiring Bengaluru-based C2i Semiconductors to enhance its power management portfolio for AI data centers. The undisclosed deal, expected to close in the third quarter of 2026, integrates C2i’s software-defined power technology and vertical power delivery expertise. This acquisition underscores the growing strategic importance of India's semiconductor ecosystem and engineering talent as global demand for AI infrastructure continues to rise rapidly.

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Men’s Ethnic Wear Gets Its Second Wave

Business

Indian men's ethnic wear is evolving from seasonal festive attire to everyday fashion, driven by D2C brands targeting younger consumers. While the market is expanding into casual and work settings, brands face significant challenges regarding profitability, inventory management, and the need for physical retail to ensure proper fit. Despite these hurdles, the fragmented nature of the industry offers substantial growth potential as organized retail replaces traditional tailoring.

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SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 Cr

Startups

"SoftBank Group has reduced its stake in eyewear retailer Lenskart Solutions, selling a 2.58% stake for approximately Rs 2,888 crore through open market transactions. This sale brings SoftBank's total holding down to 7.28%, following a previous divestment in June. A diverse group of domestic and foreign institutional investors, including Societe Generale and several Indian mutual funds, acquired the shares at an average price of Rs 641.75.".

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Amazon, Flipkart restructure seller fees, penalties ahead of festival season

Startups

Amazon and Flipkart have updated their fee and penalty structures for sellers ahead of the festive season. Amazon is introducing percentage-based cancellation fees and increasing closing costs, citing rising logistics expenses. Flipkart has implemented a three-tier penalty system for fulfillment lapses. While the platforms aim to improve customer experience, small and medium enterprises express concern over increased financial burdens and penalties for factors beyond their control.

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Airbound raises $37M to scale autonomous drone delivery in India

Startups

Bengaluru-based aerospace startup Airbound has raised $37 million in a Series A round led by Greenoaks to scale its autonomous delivery aircraft. With nearly $50 million in total funding, the company aims to accelerate manufacturing and commercial operations. Having completed over 1,000 successful flights for healthcare samples, Airbound now plans to establish a drone delivery network in Andhra Pradesh, targeting 10,000 daily flights across various sectors.

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5 Books that explain why wisdom matters more than knowledge

Startups

While knowledge provides facts, wisdom enables the application of that information through judgment, perspective, and self-awareness. Five influential books explore this distinction: David Brooks focuses on character, Jonathan Haidt on moral humility, Baltasar Gracián on prudence, Daniel Kahneman on cognitive biases, and Alan Watts on accepting uncertainty. Together, these works emphasize that navigating life effectively requires more than intelligence; it demands humility and experience.

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How Tejaswini's MurariJyoti Welfare Foundation is transforming women's lives in Bihar

Startups

Tejaswini, a psychology graduate and former domestic violence advocate, founded the MurariJyoti Welfare Foundation (MJWF) in Bihar. Starting with grassroots conversations about menstruation, the organization has expanded to address non-communicable diseases and women's health for 3,500 people. By prioritizing community needs over fixed models, MJWF now focuses on health, education, and employment, aiming to empower rural women to identify and solve their own challenges independently.

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Xera Robotics builds modular underwater robots for inspecting dams, ports and pipelines

Startups

"Chennai-based Xera Robotics develops modular underwater robots, notably the ROMAR series, designed for versatile inspections of infrastructure, defense, and environmental sites. These vehicles feature interchangeable modules and position-hold technology to ensure stability. The company also produces electric boat propulsion systems. While supported by StartupTN and investors like Cochin Shipyard, Xera Robotics currently shows limited commercial scale with no announced contracts or a fully functional website.".

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A satellite collects more data than it can send back to Earth. TakeMe2Space has built the tech to process it up in outer space itself

Startups

TakeMe2Space, a Hyderabad-based startup, is developing AI-first orbital data center infrastructure to process satellite data in space, reducing transmission bottlenecks. Its OrbitLab platform offers satellite-as-a-service for $2 per minute, utilizing a proprietary RadShield coating for radiation protection. Despite losing its first satellite in early 2026, the company has raised $5.64 million and plans to launch a replacement satellite by October 2026 to expand its computing capacity.

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VyomIC is building a satellite constellation to replace GPS when losing signal isn’t an option

Startups

Bengaluru-based startup VyomIC is developing a low Earth orbit satellite constellation to provide high-precision positioning, navigation, and timing services. Aiming for centimetre-level accuracy, the system addresses GPS limitations like signal jamming and urban interference. Targeting drones, autonomous vehicles, and financial sectors, the company raised $1.6 million in pre-seed funding for engineering. VyomIC positions its technology as complementary to India's existing NavIC system.

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Serendipity Space is building satellites that make medicines in orbit and bring them back

Startups

Indian startup Serendipity Space aims to commercialize pharmaceutical manufacturing in orbit to produce high-quality crystals without gravity's interference. Using its autonomous "Alchemy" system, the company successfully tested a prototype via a stratospheric balloon in March 2026, focusing on crystal preservation during re-entry. While the firm has raised nearly $600,000 and developed reusable satellite plans, it has yet to announce specific pharmaceutical customers or orbital missions.

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How conscious breathing can help us find changing emotions

Startups

Emotions are temporary and transient, often resembling clouds in a windy sky. While intense, they do not represent objective reality. Resisting these feelings can increase their impact, whereas acceptance and conscious breathing provide a stabilizing anchor. By focusing on the breath, individuals can create a necessary pause between an emotional reaction and a response, allowing them to observe their feelings without letting them dictate their actions.

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