Physics Wallah’s Full-Stack Bet: Looking Into The Revenue Engine

Source: inc42

Physics Wallah’s Full-Stack Bet: Looking Into The Revenue Engine

Business

PhysicsWallah has evolved from a free YouTube channel into a full-stack education company blending online and offline learning. In Q1 FY27, it reported total revenue of ₹1,162.8 crore, driven by its profitable online courses and expanding offline centers. While the offline segment remains loss-making, the company utilizes its online profits to fund growth across new categories and geographies, diversifying beyond JEE and NEET preparation.

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Accel, AVP Sell Over 1 Cr Amagi Shares In ₹587 Cr Block Deals

Business

"Venture capital firms Accel and AVP sold over 1 crore shares of media SaaS startup Amagi in block deals totaling ₹587.3 crore. The shares, priced at ₹560 each, were acquired by major institutional investors, including SBI Mutual Fund and HDFC Standard Life Insurance. This divestment follows Amagi's strong Q1 financial results and the expiry of its IPO lock-in period, with the stock rising 89% since January.".

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US government lab is probing Chinese lidar for security vulnerabilities

Startups

The Idaho National Laboratory is investigating whether Chinese lidar sensors pose security risks to vehicles in the United States. Funded by private industry, the review examines potential cybersecurity threats and espionage concerns. While Chinese sensors are significantly cheaper than American alternatives, lawmakers are proposing bans to prevent data transmission to China. This research occurs as several U.S. automakers consider integrating these cost-effective sensors into their autonomous vehicle systems.

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Karnataka govt launches low cost AI computing device KEO

Startups

The Karnataka government has launched KEO, an open-source, AI-ready computing device designed to democratize access to advanced technology. Developed using RISC-V architecture, KEO features an on-device AI accelerator to support users in areas with limited connectivity. Aimed at students, farmers, and small businesses, the initiative begins with 3,000 devices. The state also introduced KEO Lite and KEO Pro to further bridge the digital divide.

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Zomato Experiments Rapid Food Delivery With Vending Machines

Business

Zomato, owned by Eternal, has introduced "Zomato Now" vending machines in Gurugram corporate offices to bring food closer to consumers. This pilot initiative aims to enhance delivery speed and potentially improve relationships with restaurants facing high platform fees. While Zomato remains a primary profit driver for Eternal, reporting strong Q1 FY27 growth, the company continues to expand its service models amidst rising operational and regulatory costs.

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(Weekly funding roundup Aug 15-21) VC inflow remains rangebound

Startups

Indian venture capital funding in August has been driven primarily by a few large transactions, reflecting a broader struggle to secure significant investment. Recent funding reached $187 million, bolstered by Navi's $100 million raise. Other major deals included River Mobility and Yulu. While sectors like financial services and deeptech saw activity, the reliance on solitary large deals highlights ongoing challenges within the Indian startup ecosystem.

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Zetwerk’s IPO Test: Can Revenue Growth Outrun Its Cash Flow Pressure?

Business

Zetwerk has filed for an IPO featuring a fresh issue of up to ₹2,600 crore and an offer for sale. The B2B manufacturer reported FY26 revenue of ₹15,913 crore and a growing order book of ₹12,370 crore. While shifting toward complex in-house manufacturing for AI and defense, the company faces challenges including thin margins, widening operating cash outflows, and a consolidated loss of ₹1,606 crore.

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Oura faces lawsuit accusing it of misleading consumers about sleep-tracking accuracy

Startups

Oura faces a proposed class action lawsuit alleging the company deceived consumers regarding the accuracy of its sleep tracking features. The complaint claims the smart rings cannot measure physiological signals needed for sleep staging, relying instead on unreliable AI estimates. While Oura marketed its devices as clinically accurate, the lawsuit argues such measurements require specialized medical equipment, seeking restitution for users and an end to misleading advertisements.

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India Can Build A Commercially Viable Space Sector For The World: PM Modi

Business

"Prime Minister Narendra Modi met with leaders of 20 space startups to discuss expanding India's private space ecosystem and establishing the nation as a global industry hub. The PM encouraged collaborations with agriculture and education sectors to drive innovation. Supported by the Indian Space Policy 2023 and various venture funds, the sector is projected to reach $77 billion by 2030, leveraging liberalized FDI and ISRO infrastructure.".

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Walmart to finally start accepting Apple Pay and Google Pay

Startups

Walmart and Sam’s Club will begin accepting Apple Pay and Google Pay starting August 24. The rollout will reach all stores and clubs by the end of the year, with fuel stations following by mid-2027. After years of promoting its own payment solutions and resisting industry standards, the retail giant is finally adopting tap-to-pay technology to provide customers with more checkout options and improve the overall shopping experience.

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Rooftop solar crosses 50 lakh homes as PM Surya Ghar triples its pace

Startups

With a budget of Rs 75,021 crore, the program aims for 1 crore homes through direct subsidies and concessional loans. Currently, 14.8 GW of capacity is commissioned, enabling 19 lakh households to achieve zero electricity bills while others earn income from surplus power.

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Starcloud raises $250 million for orbital data centers as launch options dry up

Startups

Starcloud, a startup developing AI inference satellites, has secured a $250 million funding extension, bringing its valuation to $2.3 billion. Led by Manhattan West Ventures with participation from Nvidia and Cisco, the capital will expand manufacturing and support the Starcloud-3 spacecraft. Starcloud is collaborating with Nvidia on a space-ready GPU and plans to launch its Starcloud-2 satellites in 2027 to provide orbital compute services.

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Tesla recalls 3 million cars as part of China-wide push to stop hidden door handles

Startups

"Tesla is recalling nearly 3 million vehicles in China to address hidden emergency door releases that could trap occupants during accidents. Eleven automakers, including Tesla, Xiaomi, and Xpeng, are issuing recalls to install warning labels and software updates. This follows concerns over electronic latches failing during collisions. China plans to ban hidden electronic handles by 2027, while U.S. regulators are investigating Tesla's door-latching systems for safety.".

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Gudlyf Mobility builds the lightweight cylinders that hydrogen vehicles need to carry fuel

Startups

Gudlyf Mobility, a Madurai-based startup, is developing Type IV hydrogen cylinders to address the storage challenges of hydrogen fuel. These lightweight, carbon-fiber composite tanks support 700 bar pressure, essential for vehicles, aviation, and industrial use. While the company has received recognition from institutions like IIT Madras and aligns with India's National Green Hydrogen Mission, it remains a small operation with limited public financial data.

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Sagar Defence Engineering builds uncrewed boats that patrol and survey without anyone aboard

Startups

Sagar Defence Engineering, founded in 2015, develops unmanned marine surface vessels, aerial vehicles, and the Genesis autonomous navigation system for defense and offshore energy sectors. Serving the Indian Navy and Coast Guard, the company recently completed the autonomous Sagarmala Parikrama voyage. With funding between $30.1 million and $48.2 million and a partnership with Boeing's Liquid Robotics, it competes with global firms like Anduril and Saildrone.

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Karetic Energy is building iron-air batteries to store power for days rather than hours

Startups

Karetic Energy, an Indian startup, is developing iron-air batteries to provide affordable, long-duration grid storage for renewable energy. Utilizing a rare-earth-free, non-flammable aqueous chemistry, the company claims laboratory discharge cycles of 100 to 145 hours. While the technology aims to bridge multi-day energy gaps more economically than lithium-ion, Karetic currently lacks independent test results, customers, or active field pilots despite seeking utility partners.

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Hyper Horizon builds small autonomous submarines that map the sea without a pilot

Startups

Bengaluru-based Hyper Horizon, founded in 2023, is developing affordable, endurance-class autonomous underwater vehicles to reduce India's reliance on expensive imports. Their portable, modular AUV features advanced survey tools like side scan sonar and Doppler velocity logs. With Rs 1.19 crore in revenue and no external funding, the company aims to supply the Navy and Coast Guard, shifting underwater autonomy toward a more distributed, scalable model.

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Private equity firm Apollo confirms data breach amid hacking wave targeting financial giants

Startups

"Apollo Global Management confirmed a data breach where hackers used social engineering to access cloud systems between July 6 and July 10. Stolen information includes names, birth dates, home addresses, and Social Security numbers. The incident follows warnings from Google about a widespread extortion campaign targeting private equity firms. Apollo, managing $938 billion in assets, has not commented on whether a ransom was paid to the attackers.".

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Exclusive: Greenjoules Raises ₹62 Cr From Amazon, Singularity To Scale Green Energy Operations

Business

"Pune-based green energy startup Greenjoules has raised approximately ₹62 crore ($6.5 million) in an ongoing Series B funding round led by Amazon.com NV Investment Holdings, with participation from Singularity Strategic Autonomy Fund. Founded in 2018, the climatetech company converts agricultural waste into renewable fuels for industrial use and aviation. This investment supports India's broader goal of achieving net-zero carbon emissions by 2070 through sustainable energy solutions.".

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PM Modi assures support to space startups, urges them to develop solutions for everyday needs

Startups

Prime Minister Narendra Modi met with leaders from twenty space startups, assuring them of the government's full support to enhance India's global position in the space sector. He urged entrepreneurs to collaborate across industries, applying space technology to agriculture, livestock, and environmental management to improve everyday lives. By fostering innovation and attracting global investment, Modi aims to establish India as a commercially viable model for space exploration.

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