MumbaiSemi builds the receiver chip that lets a device use India's navigation satellites

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MumbaiSemi builds the receiver chip that lets a device use India's navigation satellites

Startups

MumbaiSemi, a 2024 spin-off from IIT Bombay, has developed DhruvaPro, a programmable receiver chip designed to support India's NavIC system alongside GPS, Galileo, and BeiDou. Founded by Vijay Kanchetla and Professor Rajesh Zele, the company aims to reduce India's dependence on foreign navigation hardware. While the silicon-proven chip has received academic and institutional recognition, MumbaiSemi is currently seeking commercial partners to scale production and secure customers.

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Bluehill.VC Marks Final Close Of ₹400 Cr Maiden Frontier Tech Fund

Business

Early-stage VC firm Bluehill.VC has closed its maiden ₹400 crore frontier tech fund, featuring a ₹50 crore greenshoe option. Backed by SIDBI, state governments, and various private investors, the fund targets 15-16 seed to Series A startups in sectors like semiconductors, defence, and energy. With average initial investments of $1-2 million, Bluehill.VC aims to leverage India's growing deeptech momentum and supportive government policies for advanced manufacturing.

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D2C Brand Scrubsy Nets $3 Mn To Expand Home Cleaning Offerings

Business

D2C home-cleaning startup Scrubsy has raised ₹27 Cr ($3 Mn) in a seed round led by V3 Ventures. The Delhi NCR-based company specializes in foam-based cleaning products designed to reduce scrubbing time. Scrubsy plans to use the funding to expand into car and laundry care. Having acquired over 5 lakh customers, the EBITDA-positive startup aims for ₹100 Cr in annual recurring revenue by FY28.

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Centre Directs Ride-Hailing Platforms To Take Down ‘Advanced Tipping’ Prompts

Business

The Ministry of Road Transport and Highways has ordered ride-hailing platforms like Uber and Ola to remove tipping prompts shown before or during trips. According to the Motor Vehicle Aggregator Guidelines 2025, tips may only be offered after a journey is completed. Aggregators are prohibited from suggesting that tips improve ride acceptance or waiting times, and 100% of all tipping amounts must go directly to the drivers.

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Shiprocket IPO Subscribed Nearly 2X On Day 2 So Far

Business

Ecommerce enablement platform Shiprocket’s ₹1,617.5 Cr IPO was subscribed 1.97X by 12:42 IST on the second day of bidding today.

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Centricity Raises ₹280 Cr To Expand Wealthtech Platform, NRI Business

Business

Gurugram-based wealthtech startup Centricity has raised ₹280 crore (approximately $29 million) in a funding round led by SMBC Asia Rising Fund. The investment, comprising equity and venture debt, values the company at ₹1,800 crore. Centricity intends to use the capital to enhance its technology stack and expand its B2B2C wealth-distribution platform globally. The firm currently manages over ₹15,000 crore in assets for more than 1 lakh investors.

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Amagi Q1: Profit Jumps 8.6X YoY To ₹33.9 Cr, Revenue Rises 32%

Business

Amagi Media Labs reported a significant increase in consolidated net profit for the June quarter of FY 2026-27, jumping 8.6 times to ₹33.9 crore from ₹3.9 crore year-on-year. Operating revenue grew 32.4% to ₹436.9 crore, while total income reached ₹454.5 crore. Despite the annual growth, profit saw a marginal sequential decline from ₹34.3 crore in the March quarter, and total expenses rose 22.6% to ₹414.1 crore.

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Lenskart Shares Jump 7% To Record High As Brokerages Raise Targets

Business

Shares of omnichannel eyewear major Lenskart jumped nearly 7% to an all-time high of ₹627.35 on the BSE today after.

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IPO-Bound Infra.Market Eyes Reverse Listing Via Shalimar Paints In ₹10,440 Cr Share Swap

Business

"Shalimar Paints is considering acquiring equity shares and CCPS of Hella Infra Market, the parent company of unicorn Infra.Market, through a proposed ₹10,439.91 crore share swap. This transaction would make Hella Infra Market an unlisted material subsidiary of Shalimar Paints, providing the unicorn a reverse-listing route to public markets. The board is now reviewing the proposal to seek necessary shareholder approvals for the building materials platform.".

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Gurutvaa Systems builds the anti-drone equipment that Indian forces use to jam intruding drones

Startups

Pune-based Gurutvaa Systems developed DRONAAM, a modular counter-drone system that uses jamming technology to neutralize commercial drones without destroying them. The Indian Air Force and Border Security Force utilize the system, which has significantly increased drone neutralization rates in the Punjab sector. Designed to reduce reliance on foreign defense imports, DRONAAM was also deployed during the 2023 G20 summit and is part of the iDEX framework.

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Iindepro Dynamics makes the electric motors that spin a drone's propellers

Startups

Iindepro Dynamics, founded in Rajkot in 2023, aims to reduce India's reliance on imported drone motors, which currently account for over 90% of the market. The company specializes in brushless direct current motors, offering patented designs and customization for drone manufacturers. While collaborating with IIT Madras and participating in government programs like Bharat Innovates 2026, the startup is currently focused on scaling its production and portfolio.

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Vayudh builds nano surveillance drones for the Indian armed forces

Startups

"Vayudh, the defense arm of IIT Delhi-based BotLab Dynamics, specializes in indigenous nano-class surveillance drones, notably the Atri. After transitioning to in-house component manufacturing, the company focuses on precision reconnaissance and training simulators. Vayudh recently raised $10 million from investors like Dharana Capital to expand R&D and manufacturing. While its technology has gained high-level visibility, the company has not yet disclosed specific order volumes or customers.".

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Bluehill.VC raises Rs 400 Cr for maiden frontier-tech fund

Startups

"Chennai-based venture capital firm Bluehill.VC has closed its maiden Rs 400 crore frontier-tech fund, including a Rs 50 crore greenshoe option. Backed by SIDBI, state governments, and private investors, the fund targets Seed to Series A startups in sectors like semiconductors, space, and defense. The firm aims to build a concentrated portfolio of 15-16 companies, planning to deploy Rs 80 crore over the next six months.".

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What 66 years of selling Indian craft has taught Fabindia

Startups

Fabindia, a 66-year-old handcrafted apparel brand, is evolving to compete with quick commerce by integrating personalized services like interior design and bespoke tailoring into its 340+ stores. Managing Director William Nanda Bissell recently launched Fabels, a premium western wear sub-brand, and implemented RFID and AI technology to optimize operations. The company continues to support micro-entrepreneurs while awaiting a pending public listing to scale its rooted business model.

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Mirae Asset’s MAVI raises Rs 1,125 Cr in first close of Venture Opportunity Fund II

Startups

"Mirae Asset Venture Investments (MAVI) has raised Rs 1,125 crore in the first close of its Rs 1,800 crore Mirae Asset Venture Opportunity Fund – II. Backed by the Unicorn Growth Fund in partnership with Naver and KRAFTON, the fund targets early growth businesses in AI, deeptech, and advanced manufacturing. MAVI aims to bridge the Series B to Series D funding gap for Indian startups to build enduring companies.".

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Define who you want to become before taking action

Startups

Drawing on the wisdom of Epictetus, this article emphasizes that personal growth begins with a clear vision of the person one aspires to become. By prioritizing identity over mere goals, individuals can align their daily actions with their core values, making discipline more sustainable. True transformation occurs through consistent, small choices and patience, ensuring that success is authentic and purposeful rather than driven by societal expectations.

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Astrotalk’s Unicorn Leap, Shiprocket IPO Day 1 & More

Business

AstroTalk has become India’s 133rd unicorn following an ESOP buyback valuing the platform at $1 billion. The spiritual tech startup is expanding into offline retail and international markets. Other industry news includes Shiprocket’s 97% IPO subscription, Yulu raising $93 million for electric mobility, and Lenskart’s 273% profit surge. Additionally, AI firm Cursor is opening its first Indian office, while SwishX scales its pharma AI solutions.

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The real test for AI agents is resolution

Startups

"AI agents are transforming Indian customer service by shifting the focus from response speed to issue resolution. To achieve this, businesses must prioritize context continuity to eliminate data fragmentation, implement continuous learning through real-time feedback loops, and establish strict governance guardrails. By integrating these elements, organizations can ensure consistent, trustworthy outcomes that move beyond templated replies to build stronger, long-term customer relationships and drive revenue.".

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Namakkal to Bombay House: Journey of Tata Sons Chairman Chandra; What Milky Mist’s IPO reveals

Startups

Tata Sons chairman N. Chandrasekaran is stepping down due to board disagreements, triggering a slide in Tata Group shares. Meanwhile, Yulu raised $93 million in Series C funding, and Ola Electric secured a revised PLI window for incentives. Milky Mist's IPO saw strong subscription, while Meta faces a trial regarding child addiction. Additionally, Goldman Sachs is acquiring Neos Investments for $2.25 billion to strengthen its asset management presence.

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Table Space Goes For IPO, But Its Growth Story Has A Catch

Business

Bengaluru-based Table Space has filed for an IPO, proposing a fresh issue of up to ₹800 crore and an offer for sale of 6.55 crore shares. The company plans to use ₹550 crore to repay borrowings. While Table Space boasts significant scale and operating profitability, it faces risks from high client concentration among large enterprises and continues to report net losses despite strong revenue growth.

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