Naxion Energy builds sodium-ion storage systems that aim to replace lead-acid inverters and diesel generators

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Naxion Energy builds sodium-ion storage systems that aim to replace lead-acid inverters and diesel generators

Startups

Naxion Energy, based in Hyderabad, is introducing sodium-ion battery storage systems as a safer, low-maintenance alternative to lead-acid and lithium batteries. Their integrated units support heavy inductive loads and reduce reliance on imported materials. The company plans to invest Rs 200 crore to establish a pilot cell manufacturing plant by December 2026, aiming to enhance India's energy security and domestic battery production capabilities.

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Quick commerce babycare platform Peeko raises Rs 67.4 Cr in Series A led by Chiratae Ventures

Startups

Bengaluru-based babycare platform Peeko has raised Rs 67.4 crore in a Series A funding round led by Chiratae Ventures. The startup, founded by IIT alumni, offers a curated selection of baby products with sub-60-minute delivery and a unique try-and-buy feature. Peeko plans to use the capital for technology development, hiring, and expanding its presence across Bengaluru and other cities to better serve new-age parents.

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Shiprocket Soars Over 9% After Goldman Sachs Buys Shares Worth ₹52.7 Cr

Business

Shiprocket shares climbed up to 9.3% to ₹156.81 following a ₹52.7 crore bulk purchase of 40.24 lakh shares by Goldman Sachs India Equity Portfolio. The stock is trading significantly above its ₹97 IPO issue price after a strongly subscribed debut. While the ecommerce enablement platform reported a 24% revenue increase to ₹2,024.1 crore in FY26, its net loss widened to ₹79.2 crore during the same period.

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Starlink Reapplies For IN-SPACe Nod For 30,000-Satellite Gen 2 Network: Report

Business

Elon Musk's Starlink has reapplied to India's space regulator, IN-SPACe, for authorization of its second-generation satellite constellation. The proposal involves nearly 30,000 low Earth orbit satellites featuring direct-to-device connectivity to enhance mobile access in remote regions. While the Gen 1 constellation was previously approved, the initial Gen 2 bid was rejected. Commercial operations remain pending as the company awaits spectrum allocation and final security clearances.

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P3C is making solar modules from perovskite, a material that could replace silicon

Startups

P3C Technology and Solutions, an Indian startup, is developing perovskite solar cells to overcome silicon's limitations. Offering flexible and glass-based modules, the company focuses on solving the material's durability issues through its P3SKY validation platform. While currently operating at a small scale with certified efficiency of 19.3%, P3C aims for gigawatt-scale production by 2027, supported by seed funding and strategic industrial partnerships.

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Indi Energy makes sodium-ion batteries with an anode built from farm waste

Startups

Indi Energy, founded in 2019 at IIT Roorkee, develops sodium-ion batteries using biomass from crop residue to create hard carbon anodes. By vertically integrating the production of anodes, cathodes, and electrolytes, the company aims to replace toxic lead-acid batteries in e-rickshaws and solar installations. Despite winning national awards and securing modest funding, the startup is now transitioning from pilot production toward commercial mass-market scale.

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Quarkitech shrinks sensor data before it ever leaves the drone

Startups

Quarkitech, founded in January 2025 at IIT Madras Research Park, develops software to compress sensor data at the source. Utilizing mathematics from quantum many-body physics, the company aims to reduce data volume by 10 to 100 times without losing critical information. Having raised Rs 2 crore in pre-seed funding and a Rs 1.5 crore government grant, Quarkitech is now testing its technology for satellites, drones, and radar mapping.

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KshatraLabs is building a drone that catches other drones

Startups

Bengaluru-based KshatraLabs is developing HAWK, an autonomous aerial interceptor designed for hard-kill counter-drone defense. Capable of speeds up to 300 km/h and launching in under five seconds, HAWK utilizes the proprietary APEX autonomy stack. Following pre-seed funding from Finvolve and India Accelerator, the startup aims to reach technology readiness level 6. Despite facing established competitors, the company focuses on high-speed, swarm-capable systems for modern threats.

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Xbattery makes the circuit board that decides whether a battery pack works or burns

Startups

Xbattery Energy, founded in Hyderabad in 2024, aims to reduce India's reliance on imported battery management systems. Its universal BharatBMS platform manages heat and charge for various applications, potentially extending battery life by 15%. The company also launched the XB-5K, a 5 kWh home storage system. Xbattery Energy targets vehicle manufacturers and system integrators, offering in-house design and assembly for its high-voltage electronics.

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ASTRA Drones is building an interceptor to catch other drones in the air

Startups

ASTRA Drones and Robotics Solutions, founded in 2025 and incubated at IIT Ropar, develops indigenous unmanned platforms for Indian operational needs. The Punjab-based company focuses on high-speed interceptor drones and loitering munitions to reduce reliance on imported technology. While aiming for future autonomy and AI integration, the firm remains in its early stages with no public records of funding, specifications, or customer orders.

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Techno Defence makes a ten-gram cooler that India previously had to import

Startups

Mumbai-based startup Techno Defence has developed a miniature Joule-Thomson cooler to enhance infrared sensors in guided weapons. Weighing just ten grams, the device chills sensors to minus 196 degrees Celsius, reducing noise for better target tracking. Developed with DRDO's Solid State Physics Laboratory, this domestic innovation reduces India's reliance on foreign suppliers and lowers costs for defense systems, marking a significant achievement in cryocooler technology.

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Shiprocket extends listing gains as Goldman Sachs buys in

Startups

Shiprocket shares rose to Rs 152.66 on August 20, 2026, following a highly successful IPO that was subscribed 99.38 times. The ecommerce enablement company listed on August 19 at a significant premium. A bulk deal by Goldman Sachs for over 40 lakh shares further boosted investor confidence. Despite a marginal net loss of Rs 79.25 crore in FY26, revenue grew 24% to Rs 2,024.14 crore.

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How living in the present can bring peace to an anxious mind

Startups

The article explores the emotional impact of focusing on the past and future versus the present. While learning from past mistakes and planning for the future are necessary, dwelling on regrets or worrying about uncertainties can lead to distress. True peace is found by returning attention to the present moment, where individuals can take action, make choices, and experience life as it unfolds in real time.

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Inc42’s 7th D2C & Retail Summit, Shiprocket’s Stellar IPO & More

Business

At Inc42’s D2C & Retail Summit 2026, leaders discussed how quick commerce, AI-driven agentic commerce, and omnichannel strategies are reshaping India's consumer landscape. Key trends include the shift toward intent-led shopping and global expansion for local brands. Additionally, Shiprocket saw a successful IPO, Navi and CtrlS secured significant funding, and KKR invested in BookMyShow, highlighting robust investment activity across India's fintech, retail, and space sectors.

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Fundamentals first: Arsh Goyal warns against vibe coding without security basics

Startups

At DevSparks Hyderabad 2026, Arsh Goyal highlighted the security risks of "vibe coding," where AI-generated applications often fail enterprise security reviews. Despite widespread adoption among Fortune 500 companies, many AI-built apps lack proper controls, leading to data leaks and vulnerabilities. Goyal urged developers to implement robust governance, including static security testing and secret management, to ensure AI-driven prototypes can safely transition into production environments.

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Nikhil Kamath’s data centre bet

Startups

Sachin Bansal’s Navi secured $100 million from Prosus, while Nikhil Kamath and Sreeram Reddy Vanga invested Rs 250 crore in CtrlS Datacentres. Investcorp acquired 20Cube 3PL Solutions for Rs 500 crore, and KKR took a stake in BookMyShow. In China, Unitree Robotics saw a massive IPO surge. Additionally, Progcap’s ProgShakti enabled Rs 10,000 crore for women entrepreneurs, Amazon expanded drone deliveries, and Moderna reported successful cancer trial results.

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Baby-Focused Quick Commerce Startup Peeko Nets $7 Mn To Double Dark Store Count

Business

Babycare quick commerce startup Peeko has raised ₹67.4 crore in Series A funding led by Chiratae Ventures, bringing its total funding to ₹95 crore. The company plans to expand its presence in Bengaluru, enhance its product assortment, and upgrade its technology. Peeko offers 60-minute delivery of baby products and a unique "touch and feel" inspection service, aiming to become a comprehensive parenting partner for new-age parents.

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Stripe didn’t really buy OpenRouter because of the ‘singularity’

Startups

"Stripe has acquired OpenRouter for a reported $7.5 billion, a significant increase from the startup's $1.3 billion valuation in May. By acquiring the AI model router, Stripe aims to integrate itself into AI capital flows and manage token expenses for developers. While OpenRouter will likely remain independent, the move allows Stripe to gain critical insights into AI demand and leverage power over frontier labs and hyperscalers.".

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Waymo’s cheaper, next-gen robotaxi is now open to all riders in these three cities

Startups

The next-generation robotaxi called the Waymo Ojai, is central to the company's push towards mass scale, and eventually, profitability.

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OpenAI seeks to one-up Anthropic with new customer privacy protections

Startups

OpenAI has introduced Private Safety Processing, a new system designed to detect AI misuse across multiple sessions without retaining customer data. This privacy-focused approach aims to identify long-term malicious activity while avoiding human review. In contrast, rival Anthropic retains data for 30 days for certain models to analyze potential abuse, a policy that has concerned some enterprise clients. Both companies are competing for market dominance and future IPOs.

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