Meta global team meets top IT ministry officials on govt summons over PM's FB post takedown

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Meta global team meets top IT ministry officials on govt summons over PM's FB post takedown

Startups

Meta's global executives met with India's IT ministry following the brief removal of Prime Minister Narendra Modi's Facebook post. While Meta cited a technical glitch, the government found the explanation inadequate. Discussions also addressed child sexual abuse material on Instagram, algorithmic bias, and national security concerns. The Indian government is demanding greater accountability and compliance from Meta's international leadership to ensure platform safeguards and legal adherence.

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EV Startup River Mobility Bags $120 Mn To Expand Manufacturing Capacity

Business

River Mobility has raised $120 million in a Series C funding round co-led by Elev8 Venture Partners and Claypond Capital. This mix of equity and venture debt includes participation from Indian institutional investors for the first time. The company plans to use the funds to expand manufacturing capacity, launch new utility lifestyle electric vehicles, and achieve EBITDA profitability while growing its retail footprint to 350 stores by 2028.

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Google emerges as India's most attractive employer brand, followed by Tata Group, Amazon: Report

Startups

Google has been named India's most attractive employer brand in the Randstad Employer Brand Research 2026, followed by Tata Group and Amazon. The survey reveals that 46% of Indian workers plan to change jobs within six months. Key drivers for talent include work-life balance, career progression, and competitive pay. Companies must now evolve into "balanced employers" to attract and retain talent by integrating flexibility, fairness, and growth.

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Indian EV startup River raises $120M Series C to scale production, launch more models

Startups

Indian electric vehicle startup River has raised $120 million in Series C funding to scale manufacturing and expand its growth. The company, which focuses on its utility-oriented "Indie" moped, has sold over 50,000 units and currently produces 300 vehicles daily. River plans to introduce two new models next year, build a larger production facility by 2027, and increase its retail network to 400 stores by 2028.

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Digital Arrest Scams: SC Directs RBI To Create Bank SOPs, Pushes For Victim Compensation Framework

Business

"The Supreme Court has directed the Reserve Bank of India to establish standard operating procedures for banks to combat digital arrest fraud, focusing on account freezes and fund recovery. Additionally, states must operationalize cyber crime coordination centres and adopt e-Zero FIR mechanisms. The court also urged a review of CBI investigation thresholds to better tackle organized networks as digital extortion scams continue to rise across India.".

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How Muthu Murugappan is building EID Parry's next growth engine with jaggery

Startups

EID Parry is leveraging its 237-year legacy to transform the traditional jaggery market into a scalable, branded business. By implementing India's first large-scale automated manufacturing facility, the company ensures hygiene and consistency. EID Parry integrates circular economy principles and AI-powered precision farming to support rural livelihoods and sustainability. The company aims to expand its packaged jaggery presence globally, positioning it as a healthy, natural sweetener.

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Tracxn Reports ₹3 Cr Loss In Q1, Revenue Flat At ₹21 Cr

Business

Market intelligence platform Tracxn reported a net loss of ₹3 crore in Q1 FY27, marking its fourth consecutive loss-making quarter. This is a decline from the ₹1.1 crore profit recorded in the same period last year. While operating revenue remained nearly flat at ₹21.1 crore, dipping 0.6% year-on-year, total expenses surged 18.4% to ₹25.37 crore. Sequentially, revenue grew slightly by 2.9% from the previous quarter.

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Saudi Aramco backs India’s Mitti Labs to make Asia’s rice farming more water-resilient

Startups

"Climate-tech startup Mitti Labs has raised $9.5 million in a Series A round led by Aramco Ventures to expand its AI-driven platform across Asia. By combining satellite imagery and field data, the company helps rice farmers reduce water consumption by 40% and methane emissions by over 50%. Currently serving 100,000 Indian farmers, Mitti Labs plans to expand into the Philippines and Indonesia to scale its environmental impact.".

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AI makes weather prediction better. Can WindBorne make it lucrative?

Startups

WindBorne Systems, a weather forecasting startup, has raised $37 million in Series B funding, valuing the company at $250 million. The firm utilizes long-flying balloons and AI-driven models to provide high-accuracy weather data, reducing reliance on supercomputers. While currently serving government agencies like the U.S. National Weather Service, WindBorne aims to expand into the private sector by leveraging AI to integrate forecasts into business decisions.

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Startup news and updates: Daily roundup (August 5, 2026)

Startups

Freshworks returned to profitability in Q2 with rising AI demand. Several startups secured funding, including InRisk Labs, Hulp, Vingo, and Zoppler Systems. Key partnerships emerged between Cars24 and DPIIT, and Cisco and IIT Delhi. Additionally, UNESCO launched an AI ethics course, while companies like BLUE, Aziro, and Cloud.in introduced new AI and quantum platforms. Cleartrip expanded its bus services, and SAP Labs hosted its.

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OfBusiness Set To File DRHP For $800 Mn IPO By Mid-November

Business

"B2B ecommerce unicorn OfBusiness is reviving its IPO plans, targeting a public listing by November. The company aims to raise up to $800 million, including a $260 million fresh issue, at a valuation between $5 billion and $6 billion. Backed by SoftBank, OfBusiness has engaged major advisors like Morgan Stanley and JPMorgan. This move follows strong financial growth, with FY26 net profits rising 21% to ₹724 crore.".

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Bombay HC Directs Meta, Google To Take Down Defamatory Content Against Union Minister Nitin Gadkari

Business

The Bombay High Court (HC) on Wednesday (August 5) reportedly directed Meta, Google and other intermediaries to take down allegedly.

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Ola Electric Shares Jump 10% After Signing BESS MoU With Axis Energy

Business

Ola Electric shares surged over 10% after the company signed a memorandum of understanding with Axis Energy for its upcoming commercial battery energy storage system platform, Ola Mahashakti. The partnership aims for potential deployments of up to 20 GWh by 2032, with annual capacity reaching 5 GWh from 2028. This strategic move diversifies Ola's business beyond electric two-wheelers amid slowing sales and increased regulatory scrutiny in India.

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Govt notifies norms to facilitate ecommerce firms undertaking inventory-based online exports

Startups

The Indian government now permits foreign direct investment in inventory-based ecommerce models exclusively for exports to boost outbound shipments. These firms must register as an exporter-on-record and procure made-in-India goods only against confirmed orders, prohibiting speculative stockpiling. This framework aims to help Indian manufacturers and MSMEs access global markets by streamlining logistics and compliance, while ensuring transparency and timely payments to domestic sellers.

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AI Concierge Startup Hulp Raises $2.6 Mn From Sparrow Capital, BITKRAFT

Business

"Gurugram-based household assistance startup Hulp has raised $2.6 million in a seed funding round led by Sparrow Capital and BITKRAFT Ventures. The company provides a concierge service blending AI automation with human assistants to manage diverse daily tasks. Hulp plans to use the capital to enhance its technology and expand operations from Delhi-NCR into five other major Indian metro cities over the next two years.".

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From a small room to a 100,000 sq m manufacturing powerhouse

Startups

D-Lyft, based in Rohtak, Haryana, has evolved from a small setup into a 100,000-square-metre manufacturing campus with over 400 employees. The company focuses on in-house precision engineering to reduce import dependence and export world-class products. Its operations span two main segments: event infrastructure and mobility, including bicycle frame manufacturing. By investing in automation and local talent, D-Lyft aims to strengthen its global presence and innovation.

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Sarvam To Raise $74 Mn In Series B Extension From NVIDIA, Others

Business

AI unicorn Sarvam is raising an additional $74 million as part of its $300 million Series B funding round, with investments from NVIDIA, Glade Brook, Gaja Capital, and Indigo Ventures. Valued at $1.5 billion, the Bengaluru-based startup aims to build a sovereign AI ecosystem in India. Key initiatives include launching a trillion-parameter model, a new AI coding agent, and an India-hosted inference platform to ensure data residency.

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5 Lessons from The Anxious Generation by Jonathan Haidt

Startups

, social psychologist Jonathan Haidt argues that the shift toward phone-based childhoods has fueled a mental health crisis among youth. He contends that replacing real-world experiences and face-to-face interactions with social media has increased anxiety and loneliness. Haidt emphasizes that addressing these systemic issues requires collective action from parents, educators, and policymakers to restore resilience and foster healthier development for the next generation.

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Meta’s Safe Harbour Under Threat As Parliamentary Panel Seeks Zuckerberg’s Apology

Business

Meta’s regulatory scrutiny in India has intensified after the Parliamentary Standing Committee on Communications and Information Technology sought an “unqualified.

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Freshworks beats revenue estimates, turns profitable in Q2

Startups

Freshworks reported a return to profitability in the second quarter of 2026, posting a net profit of $3.2 million. Revenue grew 16% to $237.4 million, driven by strong demand for its AI offerings, including the Freddy AI Copilot. The company also saw significant growth in high-value customers and expects full-year 2026 revenue between $963.5 million and $966.5 million, reflecting a consistent pattern of execution and growth.

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