Micromax Informatics launches Rs 250 Cr family office to invest in deeptech startups

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Micromax Informatics launches Rs 250 Cr family office to invest in deeptech startups

Startups

"Micromax Informatics has launched a family office with a Rs 250 crore corpus to invest in deeptech startups globally. Focusing on AI, semiconductors, defence, space technology, and robotics, the fund targets pre-Series A to Series B stages with ticket sizes between Rs 10 crore and Rs 20 crore. Beyond capital, the office will provide strategic support in manufacturing and commercialization through the broader Micromax ecosystem.".

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5 Books that reveal the forgotten women who changed history

Startups

Many women have significantly influenced history, science, and social norms, yet their achievements often remained unrecognized. Books like Hidden Figures, The Radium Girls, Code Girls, The Women of the Copper Country, and Pandora's Daughters highlight these forgotten figures. From NASA mathematicians and WWII codebreakers to labor activists and Victorian pioneers, these women challenged societal limitations, driving critical advancements and reforms that shaped the modern world.

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AI agent startup Runable raises $21M in Series A

Startups

Bengaluru-based AI agent platform Runable has raised $21 million in a Series A funding round co-led by Susquehanna Venture Capital and Nexus Venture Partners. Founded in 2025, the startup provides autonomous AI agents to help small businesses manage operations, marketing, and growth. Runable reported $2 million in annual recurring revenue and 1.5 million users within three weeks of launch, targeting markets in the US, UK, Japan, and Brazil.

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Hearing tech startup Legato emerges from stealth with $12M and a peek at its AI hearing glasses

Startups

"Legato, a new hearing tech startup founded by former Bose executives, has emerged from stealth with $12 million in funding. The company is launching Legato Frames this fall, AI-powered glasses designed for those with mild to moderate hearing loss. These discreet frames use a proprietary acoustic system to amplify voices while filtering background noise, offering a more affordable and accessible alternative to traditional hearing aids.".

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Wipro Consumer Care enters pet food market with launch of Snuggles

Startups

Wipro Consumer Care and Lighting has entered India's pet food market, valued at over Rs 5,500 crore, by launching its nutrition brand, Snuggles. The initial product line features dry dog food with human-grade ingredients, offering three variants for different life stages and breeds. Developed with veterinarians, Snuggles will be available through specialty retail stores, veterinary clinics, and various e-commerce platforms to provide accessible, high-quality nutrition.

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Zerodha’s Bland FY26: Net Profit Up A Mere 1% At ₹4,238 Cr, Top Line At FY25 Level

Business

"Zerodha reported a slight 1.2% year-on-year increase in net profit for FY26, reaching ₹4,283 crore. While operating revenue remained steady compared to FY25, brokerage income fell 10.7% to ₹2,738 crore, and net transaction charges dropped to zero. The company attributed this stagnation to the end of the bull market and lost transaction rebates, though these losses were partially offset by growth in MTF earnings.".

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Runable hits $21M to bet AI agents can go from building businesses to growing them

Startups

"Indian startup Runable has raised $21 million in Series A funding, valuing the company at $65 million. Based in Bengaluru, the startup provides an AI agent designed to help non-technical small business owners not only build websites and apps but also grow their businesses. By automating ad campaigns, SEO, and customer acquisition, Runable aims to deliver tangible business outcomes rather than just software creation tools.".

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6 Books that explain the hidden economics of everyday life

Startups

Economics extends beyond finance, influencing daily choices through incentives, behavioral patterns, and market structures. Six influential books explore these hidden forces: *Freakonomics* examines incentives, *The Undercover Economist* analyzes ordinary markets, *Misbehaving* and *Nudge* focus on behavioral psychology, *The Wisdom of Finance* links finance to human experience, and *Doughnut Economics* emphasizes sustainability. Together, these works demonstrate how economic principles shape human behavior and societal outcomes.

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boAt FY26 net profit soars 38% to Rs 84.5 Cr

Startups

Consumer electronics brand boAt reported a 38% increase in profit after tax to Rs 84.5 crore for FY26, with revenue reaching Rs 2,931 crore. The company's wearables segment turned profitable, earning Rs 7 crore, while international revenue more than doubled to Rs 45 crore. With zero bank debt and Rs 397 crore in cash reserves, boAt now aims for growth through international expansion and new product categories.

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boAt’s FY26 Profit Rises 38% To ₹85 Cr, Wearables Segment Turns Profitable

Business

Consumer electronics startup boAt reported a 38% increase in profit after tax to ₹84.5 crore for FY26, despite a 5% decline in operating revenue to ₹2,931 crore. The company attributed this growth to cost efficiency and improved product quality. Under its "boAt 2.0" strategy, the firm aims to expand internationally and enter new categories like personal grooming and projectors while managing a debt-free balance sheet.

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TN launches AI, deep-tech push with new initiatives

Startups

Tamil Nadu is launching several initiatives to become a national leader in AI and deep-tech innovation. Key measures include the Rs 50 crore Vetri Tamil Nadu Deep-Tech Innovation Fund, with 25% reserved for SC/ST founders. The state plans an AI Technology City, a Rs 20 crore program for AI Centres of Excellence, a high-performance GPU cluster, and a Rs 5 crore Super App for government services.

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Ventures Platform goes bigger — and broader — with its second Africa fund

Startups

Ventures Platform has raised an oversubscribed $83 million second fund to expand its early-stage investments beyond Nigeria into Kenya, South Africa, and Egypt. The firm will target fintech, healthcare, SaaS, and AI-driven businesses that improve cost structures. With check sizes up to $3 million, the fund emphasizes capital efficiency and proven returns, reflecting a more selective venture market. Key backers include Norfund and the European Bank for Reconstruction and Development.

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Goyal proposes India-Japan 'Shark Tank' style startup series to boost investments, business ties

Startups

Commerce and Industry Minister Piyush Goyal proposed a virtual, Shark Tank-style pitching series to connect Indian and Japanese startups with investors and business partners. This initiative aims to deepen commercial ties by facilitating investments and scaling innovations. Goyal also suggested establishing a deeptech capital corridor to attract Japanese patient capital for early-stage funding, leveraging India's vast market and design capabilities to foster mutual economic prosperity.

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India is the fastest-growing major economy in the world with strong investment opportunities: Nirmala Sitharaman

Startups

"Indian Finance Minister Nirmala Sitharaman urged Canadian investors to capitalize on India's status as the world's fastest-growing major economy. Highlighting India's digital infrastructure and young population, she emphasized opportunities in fintech and banking. Sitharaman noted the strengthening bilateral ties, including CEPA negotiations and a goal to double two-way trade to CAD 70 billion by 2030, while positioning the Indian diaspora as a strategic bridge between nations.".

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Nitro Launches AI Platform To Let Shopify Merchants Build Apps With Prompts

Business

"Nitro Commerce has launched Nitro Apps, an AI-powered platform enabling Shopify merchants to build private, custom applications using prompts. By introducing 'vibe coding,' the tool reduces the time and cost associated with traditional software development for both internal workflows and customer experiences. Over 700 applications were created during the private beta, allowing merchants to maintain ownership of their code while bypassing the need for extensive development teams.".

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The Vertical Turn In Enterprise AI

Business

Vertical foundational models are emerging in India as cost-effective alternatives to general-purpose AI for sectors like healthcare, payments, and agriculture. Companies like Razorpay and Fractal are developing domain-specific LLMs that offer better performance, lower token costs, and improved security. These models handle proprietary data and real-time decision-making more efficiently than versatile models like ChatGPT, providing specialized intelligence tailored to specific enterprise needs and operational processes.

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Voice AI startup Ringg AI raises $10M in Series A led by Peak XV Partners

Startups

"Bengaluru-based voice AI startup Ringg AI has raised $10 million in a Series A extension led by Peak XV Partners. The company develops context-aware AI agents for voice, WhatsApp, and browser interactions to automate enterprise customer conversations. Ringg AI plans to use the funding to enhance its proprietary models and expand its global market presence, serving clients like Flipkart and CRED across various industries.".

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[Update] Ringg AI Nets Additional $10 Mn, Closes Series A At $15.5 Mn

Business

Bengaluru-based Ringg AI has raised an additional $10 million, bringing its extended Series A funding to $15.5 million. Led by Peak XV Partners and Arkam Ventures, the capital will enhance its no-code, multilingual voice AI platform and expand international market presence. Ringg AI provides enterprises with human-like voice bots for sectors like BFSI and healthcare, aiming to scale to 100 million conversations over the next two years.

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What’s next for Chandra after Ta-ta

Startups

India's data center market is expanding rapidly, with projections reaching 100 million square feet by 2030. Infineon Technologies is acquiring C2i Semiconductors to enhance AI power solutions. Meanwhile, Kedaara Capital invested $200 million in Tynor Orthotics for global expansion. Other news includes a $7 billion French-Saudi entertainment deal, Bitcoin surpassing $80,000, and N. Chandrasekaran's upcoming departure as Tata Sons chairman in February 2027.

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Mamaearth Parent Honasa Calls Off ₹135 Cr Fluence Pharma Acquisition

Business

Honasa Consumer, the parent company of Mamaearth, has cancelled its proposed ₹135 crore acquisition of a 58% stake in nutraceuticals startup Fluence Pharma. The deal was called off due to the non-fulfillment of specific closing conditions. Despite this setback, Honasa remains committed to expanding into the nutraceuticals market as part of its long-term growth strategy to diversify its portfolio and increase overall revenue by FY31.

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