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

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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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Nykaa's PAT soars 206% in Q2FY27 as beauty, quick commerce arm deliver strong performance

Startups

Nykaa also announced the acquisition of an 82% majority stake in Simply Nam, a cosmetics brand founded in 2020 by celebrity makeup artist Namrata Soni alongside Bozzil, a venture studio led by Hanna Strömgren Khan. The acquisition is expected to help Nykaa widen its premium makeup portfolio.

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Now, upGrad Files Insolvency Petition Against Bira91 Over ₹1.02 Cr Dues

Business

<summary> upGrad has filed an insolvency petition against Bira 91 parent B9 Beverages over alleged unpaid dues of ₹1.02 Cr. This action, filed under IBC Section 9, intensifies mounting creditor pressure on the brewer. B9 Beverages is already facing an ₹11.77 Cr claim from glassmaker HNGIL and is attempting a business restructuring amid a prolonged financial crisis. The company seeks recapitalization to clear dues and revive

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Frammer AI partners with Collective Newsroom to power BBC News video in India

Startups

Frammer AI, an AI-native video studio, has partnered with Collective Newsroom, the sole content provider for BBC News in India. The collaboration utilizes Frammer’s automation tools to streamline video production and repurpose content for digital-first platforms across nine languages. This partnership aims to enhance the efficiency of public service journalism while maintaining editorial integrity and human judgment, expanding the reach of credible news across various digital channels.

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Canva lays off over 1,200 people amid slowing growth

Startups

Design software company Canva is laying off 1,271 employees, 22% of its workforce, amid a significant growth slowdown—the first in a decade. CEO Melanie Perkins announced organizational changes, including team mergers, to adapt. The company is grappling with ballooning AI costs, which led to a reduced revenue growth forecast and a valuation cut by investors. Canva also faces increasing competition from AI startups and.

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Nykaa’s Q2 Profit More Than Triples To ₹101 Cr, Revenue Up 28% YoY

Business

"Nykaa reported a consolidated net profit of ₹101.2 crore for Q2 FY27, marking a 206.8% year-on-year increase. Operating revenue rose 28.1% to ₹3,006 crore, driven by strong growth in its beauty segment and reduced losses in fashion. Additionally, the company's board approved the acquisition of an 82% stake in premium makeup brand Simply Nam for up to ₹33 crore, with the deal expected to close by December.".

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Lenskart Q2 Profit Jumps 125% YoY To ₹233 Cr, Revenue Rises 36%

Business

Lenskart reported a consolidated net profit of ₹232.5 Cr in Q2 FY27, a substantial 124.7% increase year-over-year. Operating revenue also rose significantly by 35.7% to ₹2,845 Cr, driven by growth outpacing expenses. Both India and international business segments contributed to this strong financial performance, with international segment profit more than tripling, highlighting robust overall growth for the eyewear company.

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Beyond assets: Why 'family continuity' is the missing link in personal finance

Startups

At TechSparks 2026, The Plan Beyond's CMO Priyanka Arora addressed the gap between wealth creation and family preparedness, explaining why families need more than access to financial data. They need the context to understand their assets and the ability to manage them when it matters.

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ShareChat parent Mohalla Tech records 40% rise in revenue for FY26

Startups

The company attributed the growth to its micro-drama business, which contributed Rs 293 crore in subscription revenue in its first full year. Mohalla Tech also reported narrowing EBITDA losses by 58% in FY26 and expects to turn EBITDA-positive for the full year in FY27.

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Jio In Talks With US-Based Comcast, Charter To License Broadband Technology: Report

Business

<summary>Jio Platforms is in discussions with US cable operators Comcast and Charter Communications to license its UBR wireless broadband technology. These talks aim for potential equity stakes as Jio expands its overseas presence, targeting 10-15 global partners. The UBR technology delivers high-speed internet without individual home.

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Awfis Q2 profit jumps 93% to Rs 31 Cr, revenue rises to Rs 464 Cr

Startups

Awfis Space Solutions Ltd reported a 93% increase in consolidated profit to Rs 30.8 crore for the September quarter, driven by strong demand for managed workspaces from large enterprises and GCCs. Total income for the quarter rose to Rs 464.29 crore. For the first half of the fiscal year, net profit reached Rs 54.76 crore. The company now operates 254 centers across 18 cities with 76.2% occupancy.

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Inside The New Wave Of Private AI

Business

As AI assistants handle sensitive personal and business data, privacy is becoming a key competitive differentiator. While data access improves utility, concerns over security drive demand for privacy-focused tools like Dark.ai and Brave Leo. Companies are implementing encryption, local processing, and data masking to build trust. Ultimately, privacy serves as a critical enabler for AI adoption in highly regulated sectors like finance and law.

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Hiding inside Palantir’s skyrocketing quarter is a foreboding signal

Startups

Palantir delivered such a huge third-quarter earnings report on Monday that its press release even bragged that the numbers were “crushing consensus expectations.” Yet, retail investors were lukewarm on the company on Tuesday, with the stock trading slightly down. That’s because Palantir’s enterprise sales, its big growth area, showed signs of slowing. First, the good […].

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Reddit tests ads in search results as traffic declines and growth concerns mount

Startups

Reddit is testing ad placements in its search results to boost revenue following a weaker-than-expected fourth-quarter forecast and declining search traffic caused by Google's AI search. With daily active users stagnating or dropping, the company aims to monetize its current base more effectively. Additionally, Reddit plans a gradual shift to a logged-in experience to prevent unauthorized AI scraping and provide advertisers with better user targeting data.

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Rivian spinout Also was working on an e-moto project in Kenya — until it walked away

Startups

Micromobility startup Also, spun from Rivian, quietly ended an electric two-wheeler pilot project in Kenya, funded by the Shell Foundation. The company redirected resources to its consumer e-bike and autonomous vehicle ambitions, including a DoorDash partnership. Also faced significant supply chain.

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Awfis’ Q2 Profit Almost Doubles YoY To ₹31 Cr, Revenue Up 20%

Business

Awfis reported a strong financial performance in Q2 FY27, with net profit surging 92.8% year-over-year and 28.5% quarter-over-quarter to ₹30.8 Cr. Operating revenue grew 19.6% year-over-year to ₹438.7 Cr, although sequential growth was a modest 3.2%. Total expenses for the coworking space provider increased 15% year-over-year, reaching ₹433 Cr during the quarter.

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5 lessons from the book Super Cool Startup by Sairam Krishnan

Startups

Sairam Krishnan's "Super Cool Startup" guides entrepreneurs on early-stage marketing for the AI age. It stresses that a great product needs effective storytelling, valuable content, community building, strategic PR, and strong social media to succeed. The book emphasizes earning attention and building trust, noting that while AI simplifies content, strategic judgment remains crucial for brand recognition and lasting impact.

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India's next space unicorn may still be in college

Startups

India already has its first space-tech unicorn. Skyroot Aerospace crossed the $1 billion valuation mark in May 2026 and, two months later, its Vikram-1 became the first privately developed Indian rocket to reach orbit. Those milestones confirm that India's private space ecosystem has moved well bey.

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Y Combinator’s Garry Tan uses AI agents so much, he spends up to $200K a year on tokens

Startups

Y Combinator Garry Tan has, in the past, jokingly admitted that he's suffered from "cyber psychosis” and barely sleeps sometimes because he’s so excited to be working with his AI agents. On a new episode of Walter Isaacson’s podcast, The Builders, set to publish on Tuesday, Tan put a price tag on his passion.

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Apple says it’s ‘hard to predict’ when iPhone Duo constraints will improve

Startups

Apple's new iPhone Duo is experiencing significant shipping delays, with COO Sabih Khan unable to predict when supply will meet "extraordinary" demand. Customers face ship times extending into next year. Soaring memory chip costs, driven by the AI industry, and high product demand are key factors. Apple is deepening its partnership with a titanium producer to boost supply, while reluctantly raising prices on some.

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Elon Musk throttles Grok Bot limits due to ‘unsustainably high’ costs

Startups

Grok Bot users faced unexpected maxed-out usage limits over Halloween weekend. Elon Musk confirmed this wasn't a glitch, citing unsustainably high serving costs relative to revenue. Despite this, Grok Bot is a success for SpaceX; AI now constitutes 52% of company income, and its "Super Intelligence" division posted a $431 million profit. Musk lauded Grok Bot's rapid.

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