MobiKwik swings to net profit of Rs 7.6 Cr in Q1FY27

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MobiKwik swings to net profit of Rs 7.6 Cr in Q1FY27

Startups

MobiKwik reported a net profit of Rs 7.6 crore for the first quarter of FY27, marking its third consecutive profitable quarter. The fintech company saw revenue rise 4% to Rs 282 crore, driven by a 50% increase in platform gross merchandise value to Rs 58,700 crore. Improved lending profitability and a 21% reduction in direct costs further bolstered results, while its user base expanded to 193 million.

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A Marc Benioff-backed startup thinks AI can solve the AI deployment problem

Startups

June, a new startup founded by former Salesforce executives, has raised $20 million in pre-seed funding to simplify AI implementation for large enterprises. The platform addresses the challenges of legacy systems and fragmented data, which often require costly professional services. By scanning existing business processes and providing an automated roadmap, June enables companies to deploy AI agents efficiently without relying on specialized forward-deployed engineers.

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Outcome-first AI: redesigning enterprise service delivery at scale

Startups

At DevSparks Bengaluru 2026, EY GDS Partner Tanu Garg argued that enterprise AI should rewire value delivery rather than simply automate existing processes. She emphasized redesigning workflows around outcomes, scaling AI into production, and prioritizing workforce readiness and governance. Garg highlighted a shift from measuring effort to measuring value realization, noting that AI transforms professional roles toward orchestration and oversight to ensure accountability and trust.

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Ather Trims Q1 Loss 71% YoY To ₹51 Cr, Revenue Jumps 89%

Business

EV major Ather Energy managed to trim its net loss in the June quarter (Q1 FY27) by 71% to ₹51.1.

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Battery Smart To File DRHP In September-October For IPO: Report

Business

Battery Smart, a battery-swapping startup, plans to file its DRHP with SEBI in September or October for a proposed IPO. Operating over 1,500 stations across 75+ cities, the company provides battery-as-a-service for commercial electric vehicles. Having raised over $200 million, Battery Smart reportedly achieved operational break-even in FY26 and expects annual growth of 70-80% as it expands its network across India's growing EV infrastructure market.

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ideaForge secures Rs 151 Cr from govt's RDI scheme to develop its autonomous drone YETI

Startups

ideaForge Technology has secured up to Rs 151 crore in long-term debt financing under India's Research, Development and Innovation scheme to develop YETI. This heavy-lift autonomous VTOL hybrid aircraft can carry 200 kg payloads over 200 km in extreme terrains like the Himalayas. Designed for military logistics and commercial use, YETI aims to enhance indigenous deeptech capabilities and support India's goal of self-reliant defense technology.

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Snabbit says it has surpassed 1,15,000 jobs a day

Startups

Bengaluru-based Snabbit has surpassed 115,000 daily fulfilled jobs, growing from 400 daily jobs in under two years. Operating across 10 cities, the platform offers diverse home services while improving its unit economics and reducing burn per job. Following a $56 million Series D round, bringing total funding to $112 million, Snabbit aims to enhance technology and expansion amid intensifying competition from rivals like Urban Company and Pronto.

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Kaapi Machines raises Rs 50 Cr from Sedna HoReCa

Startups

"Bengaluru-based Kaapi Machines has raised Rs 50 crore in equity funding from Sedna HoReCa to expand its product portfolio and strengthen manufacturing, technology, and service infrastructure. The partnership aims to leverage Sedna's B2B capabilities as Kaapi Machines targets revenues exceeding Rs 150 crore this financial year. This growth comes amid rising coffee consumption and an evolving café culture across India's expanding food service ecosystem.".

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Every Army woman boxer in Glasgow came home with gold

Startups

India achieved its most successful boxing campaign at the 2026 Commonwealth Games in Glasgow, winning a record seven gold medals. Four women boxers from the Indian Army's Corps of Military Police—Preeti Pawar, Jaismine Lamboria, Sakshi Chaudhary, and Arundhati Choudhary—all secured gold. Overall, India finished fourth with 39 medals. The Army contingent contributed 16 medals, highlighting the success of the Mission Olympics training program in Pune.

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The billion-dollar business hidden behind Google Maps’ free service

Startups

While Google Maps is free for consumers, businesses using the Google Maps Platform pay via a complex, metered pricing model. Charges vary by service, with some features becoming costly due to implementation errors. Alphabet does not explicitly disclose the platform's revenue, hiding it within broader categories. This strategy exemplifies a common tech trend where free consumer tools build ubiquity to monetize B2B integrations through pay-as-you-go services.

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Nike, Adidas and Puma once sourced from this Punjab city. What happened?

Startups

Jalandhar, Punjab, once dominated India's sports goods exports, supplying global brands through skilled craftsmanship. After migrating from Sialkot in 1947, the city's industry peaked in the 1990s. However, cheap, automated Chinese imports eroded its market share, which fell from 90% to roughly 35%, with Meerut now leading. Despite this decline, Jalandhar remains a key producer of specialized, hand-stitched equipment for international markets.

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Flipkart To Launch Food Delivery Service By Mid-August With 10-11% Commission Model

Business

Flipkart is launching a food delivery pilot in Bengaluru by mid-August, targeting restaurant partners with a low commission model of 10-11%. This strategy aims to attract businesses dissatisfied with the higher fees charged by incumbents Swiggy and Zomato. Utilizing the Open Network for Digital Commerce, the Walmart-owned company seeks to increase user engagement across its ecosystem while adopting an asset-light marketplace approach to compete in the market.

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How Elements Wellness Borrowed Eureka Forbes’ Playbook To Build A ₹1,264 Cr Wellness Brand

Business

In the early 2010s, Rajesh Chandan, then in his 30s and years before he founded IndiaShoppe in 2013, faced a.

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Shiprocket IPO Likely This Month At ₹7,000 Cr Valuation: Report

Business

Shiprocket is expected to launch its IPO within two weeks at a valuation of ₹7,000 crore, approximately 30% below its previous private market valuation. The company aims to raise ₹2,342.3 crore, consisting of a ₹1,100 crore fresh issue and a ₹1,242.3 crore offer-for-sale. Proceeds will fund technology, marketing, and debt repayment. Despite the valuation dip, Shiprocket has reported improving financials, including significant reductions in net losses.

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MobiKwik Posts ₹7.6 Cr Profit In Q1, Revenue Up 3.7% YoY

Business

<summary> MobiKwik reported a consolidated net profit of ₹7.6 Cr in Q1 FY27, a significant turnaround from a ₹41.9 Cr loss in the year-ago period. Sequentially, profit grew over 72%

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Urban Company Jumps 18% As Morgan Stanley Bets On Core Business Growth

Business

Urban Company shares surged up to 17.7% following a Morgan Stanley upgrade to ‘Overweight’ and a target price increase to ₹165. Despite a Q1 FY27 net loss of ₹92.1 crore, revenue grew 43.9% to ₹528.3 crore. Growth was driven by strong core India services and international expansion, although aggressive investments in the InstaHelp segment led to significant losses, which the company views as strategically important.

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LEAP India Files RHP For ₹2,480 Cr IPO, Seeks $735 Mn Valuation

Business

"LEAP India, a logistics tech provider, has filed its RHP for a ₹2,480 crore IPO with a price band of ₹151-159 per share. The offering includes a ₹480 crore fresh issue and a ₹2,000 crore offer for sale from promoter entities. Anchor bidding is scheduled for August 6, with the public issue open from August 7 to 11. At the upper price band, the company is valued at ₹7,004.5 crore.".

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Yuvraj Singh Backs Healthians Founder’s Stealth Venture UN:BLOC

Business

Cricketer Yuvraj Singh has joined the stealth-mode healthtech startup UN:BLOC as a founder and investor. Co-founded by Deepak Sahni, the Gurugram-based venture is developing an AI-powered platform for end-to-end chronic disease management. By targeting root causes to reduce lifelong medication, UN:BLOC enters a growing Indian healthtech market projected to reach $37 billion by 2030, reflecting a broader shift toward AI-driven preventive healthcare and personalized treatment.

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Zepto Stalls IPO, Weekly Funding Rundown & More

Business

Zepto has postponed its IPO until early 2027, planning a $105 million pre-IPO fundraise to reduce cash burn and optimize operations. The decision follows investor concerns over high losses and a valuation drop from $7 billion to approximately $3 billion. Meanwhile, Indian startup funding fell 32% last week, and UPI transactions grew 4% in July, reflecting a mixed landscape for the country's new-age tech sector.

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Building an OS for the apple industry; Inner healing to build peace in conflict zones

Startups

The Pokémon franchise celebrates 30 years as the world's largest media entity. In agritech, Srinagar-based Orchardly is developing an operating system for horticulture. Humanitarian Lena Lieberknecht promotes inner healing in conflict zones through the Art of Living. Additionally, Delhi's EV Policy 2.0 advances electric mobility, while China and Japan manage monetary shifts. Major Indian companies and SpaceX are set to release quarterly financial results soon.

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