Nazara To Raise ₹733 Cr Via Preferential Issue To Fund Acquisitions, Growth

Source: inc42

Nazara To Raise ₹733 Cr Via Preferential Issue To Fund Acquisitions, Growth

Business

Gaming major Nazara Technologies has approved raising up to ₹733.5 Cr through a preferential issue of equity shares to fund.

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Leumas rents out robotic factory lines to brands that do not want to build a factory

Startups

Bengaluru-based Leumas offers modular, software-reconfigurable robotic production lines for the nutrition, cosmetics, and pharmaceutical sectors. By providing on-demand manufacturing capacity, the company allows brands to produce small batches without owning a factory. Leumas has scaled over 120 products globally and recently raised $2.2 million in a seed round led by Capital 2B to expand its infrastructure and launch pilot factories for wellness brands.

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Constelli builds the signal processing tools used to design radar and electronic warfare systems

Startups

Hyderabad-based Constelli specializes in signal processing and simulation for radar and electronic warfare systems, reducing the need for costly flight testing. Serving clients in India, South Korea, Australia, and Singapore, the company recently raised Rs 180 crore led by General Catalyst. Constelli is now expanding from providing development tools to creating communication and electronic warfare payloads for drones, satellites, and naval vessels to accelerate production.

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Xovian is building satellites that listen for radio signals rather than take images

Startups

Bengaluru-based Xovian Aerospace is developing a constellation of radio frequency nanosatellites to provide sovereign intelligence for India. Unlike optical imaging, their AI-native system processes signals on-orbit to track "dark" vessels and aircraft regardless of weather or light. Having raised $4.5 million in funding, the company aims to deliver low-latency insights for government and enterprise users, with initial space trials expected by the end of 2025.

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Vikra Ocean Tech builds underwater robots for inspection, survey and defence work

Startups

Chennai-based Vikra Ocean Tech develops indigenous ocean robotics to replace expensive imports in India. The company offers a comprehensive stack, including deep-water ROVs, autonomous surface vessels, and crawling robots, all managed via a single control platform. Targeting defence, infrastructure, and environmental research, Vikra recently raised $1 million in seed funding to scale manufacturing and build a sales pipeline following two Ministry of Defence grants.

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Google Maps adds agentic features, including food ordering and hotel bookings

Startups

Google is enhancing Google Maps’ “Ask Maps” feature with new agentic capabilities, enabling users to order food, book hotels, and purchase event tickets. The update introduces Personal Intelligence, which integrates Gmail and Google Calendar for personalized travel and dining responses. Additionally, Ask Maps now remembers previous conversations and includes a live transit widget for real-time updates. These features aim to transform the app into a comprehensive personal assistant.

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Omilia raises $67M to scale its customer support platform

Startups

"Omilia, an Athens-based customer support automation company, has raised $67 million in Series B funding led by Expedition Growth Capital. The company focuses on cost-effective, self-learning agents rather than relying solely on generative AI for basic tasks. With annual recurring revenue reaching $60 million, Omilia plans to expand its U.S. presence, open a new office, and hire key executives to scale its operations further.".

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Large firms to be net job losers, small businesses to drive employment: Nandan Nilekani

Startups

Infosys co-founder Nandan Nilekani predicts that AI and automation will make large Indian corporations net job losers, as structured tasks are easily automated. Instead, he argues that millions of small businesses will drive future employment due to their resilience. Nilekani expects India to reach one million startups by 2035, emphasizing the need for deregulation, digital market access, and portable benefits to support a flexible, gig-oriented workforce.

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IPO-Bound Shiprocket FY26 Loss Widened 7%YoY To ₹79 Cr

Business

Logistics unicorn Shiprocket is preparing for an IPO from August 12 to 14, targeting a valuation of ₹7,000 Cr. The company aims to raise up to ₹885.5 Cr through a fresh issue and offer for sale. For FY26, Shiprocket reported operating revenue of ₹2,024 Cr, a 24% increase, though net consolidated losses widened by 6.5% to ₹79.2 Cr. Proceeds will fund marketing, IT infrastructure, and debt repayment.

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Swiggy targets Rs 10,000 Cr adjusted EBITDA by FY31

Startups

Swiggy aims for an adjusted EBITDA of approximately Rs 10,000 crore by FY31, driven by growth in food delivery, quick commerce, and out-of-home consumption. The company expects its consolidated Gross Order Value to reach Rs 2.5 lakh crore by FY31. With domestic ownership exceeding 50%, Swiggy remains debt-free with Rs 14,400 crore in cash, projecting a shift from losses to positive earnings per share by FY31.

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Mitti Labs raised $9.5M in Series A from Aramco Ventures, others

Startups

The company said that it will expand its geographical footprint in India and launch greenfield projects in the Philippines and Indonesia.

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Inside The Economics That May Make Or Break Instant Home Services

Business

Urban Company and Snabbit have both surpassed 100,000 daily orders, signaling the mainstream adoption of instant home services. The industry is now shifting its focus from rapid growth to improving unit economics and achieving profitability. Companies are prioritizing denser micromarkets to reduce fulfillment costs and expanding service categories to increase customer spending. While burn per order is declining, long-term sustainability depends on operational efficiency and labor supply.

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From Firefly To Honeybee: How India’s Pixxel Is Widening What Satellites Can See

Business

Pixxel, an Indian startup, is expanding its hyperspectral imaging satellite constellation, including the upcoming Honeybee series. Selected by NASA in 2024, Pixxel provides crucial Earth observation data for climate, agriculture, and resource management. This growth highlights India's private space sector's maturity, moving beyond launch vehicles to develop advanced global satellite technology and insights for governments and enterprises worldwide.

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Dronetech Startup Garuda Aerospace Gets SEBI Nod For ₹750 Cr+ IPO

Business

Chennai-based dronetech startup Garuda Aerospace has received SEBI's final observation for its proposed IPO, following a confidential pre-filing in April. The public issue will include a fresh equity share issue of up to ₹750 crore and an offer-for-sale component. Founded in 2015, the company specializes in drone manufacturing and services for defense and agriculture, reporting a net profit of ₹18.4 crore in FY25.

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Mumbai ranks 15th, Hyderabad 27th globally in operational data centre capacity: Knight Frank

Startups

Knight Frank's Global Data Centre Atlas 2026 report ranks Mumbai 15th globally in operational data centre capacity and 11th in development pipeline. Hyderabad ranks 27th in operational capacity and 19th in pipeline. While India is becoming a strategic digital infrastructure destination, Knight Frank India CMD Shishir Baijal emphasizes that improving power provisioning and renewable energy is essential for India to enter the world's top ten data centre markets.

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How FLiCKA built trust to become India’s fastest growing beauty brand

Startups

Co-founded by Mohit Pardasani and Priyanka Nawani in 2018, FLiCKA Cosmetics bridges the gap between quality and affordability in the Indian beauty market. With a retail-first strategy, the brand has expanded to over 2,200 touchpoints and 350 exclusive counters, achieving FY26 revenues of Rs 100 crore. Offering 400+ specialized products, FLiCKA now leverages its strong physical presence to scale across online platforms and Tier II and III cities.

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IITM-incubated deeptech startup Solinas Integrity raises $5.5M

Startups

Founded by Divanshu Kumar and Moinak Banerjee, Chennai-based Solinas builds robotics and AI systems that inspect, clean, and digitise underground water and wastewater infrastructure, solving problems of water leakages, contamination, and manual scavenging.

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Swiggy Bets On Toing, Instamart To Achieve ₹10,000 Cr Adjusted EBITDA By FY31

Business

Swiggy aims for a consolidated adjusted EBITDA of ₹10,000 crore by FY31, driven by its quick commerce arm, Instamart, and affordable meal platform, Toing. The company projects a total gross order value of ₹2.5 lakh crore by FY31. Swiggy expects its food delivery EBITDA to reach ₹5,000 crore, while Instamart targets a GOV of ₹1.5 lakh crore, leveraging operational efficiencies and expanding its user base through affordability.

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Consint.AI Bags ₹22 Cr To Expand Globally, Build AI Model For Risk And Fraud Detection

Business

AI startup Consint.AI, which offers an AI-powered healthcare fraud and management platform to enterprises, has raised ₹22 Cr (about $2.3.

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Piper Serica raises Rs 300 Cr as first close of Bharat Tech Fund

Startups

Mumbai-based investment house Piper Serica has raised Rs 300 crore in the first close of its Rs 800 crore Bharat Tech Fund. This Category 2 AIF targets Indian deeptech startups in sectors like semiconductors, defence, and robotics, investing Rs 25-50 crore per company. Backed by institutional investors and family offices, the fund aims to support globally competitive technologies and expects to reach its final close ahead of schedule.

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