QpiAI opens ‘Asia’s largest’ quantum chip foundry, targets 10,000-qubit processors

Source: Your story

QpiAI opens ‘Asia’s largest’ quantum chip foundry, targets 10,000-qubit processors

Startups

Quantum computing startup QpiAI has opened an eight-inch quantum processing unit manufacturing facility in Bengaluru, claiming it is Asia's largest. The facility currently produces superconducting processors with up to 128 qubits, with plans to reach 10,000 physical qubits by 2027. This foundry supports QpiAI's goal of creating Quantum Supremacy Centres that integrate quantum processors with AI chips for commercial applications and global exports.

Read Full Story

How a Kashmir agri university became J&K's most unlikely startup engine

Startups

Under Vice Chancellor Prof Nazir Ahmad Ganai, SKUAST-Kashmir has transformed into a hub for innovation and entrepreneurship. The university now leads the Rs 5,013 crore Holistic Agriculture Development Programme and operates the award-winning SKIIE startup incubator. Key milestones include launching India's first BTech in AI in Agriculture and creating "Tarmeem," India's first gene-edited sheep. These advancements have propelled SKUAST-K to rank third among State Agricultural Universities.

Read Full Story

Snabbit Ropes In Klydo Cofounder Pradeep Yadav To Helm Operations

Business

Quick home services startup Snabbit has appointed Pradeep Yadav, co-founder of Klydo and former Udaan CXO, as its new head of operations. Yadav succeeds Vikas Choudhary, who will now lead a new business venture within the company. Snabbit, which recently raised $56 million in Series D funding, provides rapid domestic help across five major Indian cities and reports an annual revenue run rate of $35-40 million.

Read Full Story

PhysicsWallah Jumps 9.5% After Q1 Results, JPMorgan & JM Financial Upgrade Rating

Business

PhysicsWallah shares rose up to 9.5% after JPMorgan and JM Financial upgraded the stock following strong Q1 FY27 results. Despite NEET exam disruptions, operating revenue grew 24.4% to ₹1,054 crore, while the net loss narrowed to ₹88.3 crore and EBITDA turned positive at ₹52 crore. The company plans to divest its NBFC arm and expects to achieve group-level PAT profitability by the third quarter of FY27.

Read Full Story

Karnataka HC Quashes Sessions Court Orders To Defreeze Jar’s Accounts

Business

The Karnataka High Court quashed three Sessions Court orders that directed the release of precious metals and the defreezing of bank accounts linked to wealthtech startup Jar. The court ruled that police may debit-freeze accounts under Section 106 of the BNSS without prior judicial approval, provided they report the action immediately. This decision emphasizes that digital gold transactions remain subject to criminal law despite lacking direct RBI or SEBI supervision.

Read Full Story

Zaggle Plunges 20% To Hit Lower Circuit After Q1 Profit Slump

Business

Zaggle shares plunged 20% to a 52-week low of ₹160.45 after the fintech company reported a 33% year-on-year decline in Q1 net profit to ₹17.5 crore. Despite a 28% rise in operating revenue to ₹423.3 crore, margins were pressured by the integration of DICE Enterprises and Zagg.Money. Consequently, Equirus lowered its target price to ₹350, although Zaggle maintains its 40% revenue-growth target for FY27.

Read Full Story

Ecommerce order volumes up 31% during Independence Day sales

Startups

"India's ecommerce sector saw a 31% year-on-year increase in order volumes and a 30% rise in gross merchandise value during the 2026 Independence Day sale, according to Unicommerce. Fashion and accessories, particularly apparel, led in total order volumes, followed by beauty and personal care. The FMCG segment was the fastest-growing category, increasing nearly 100%, with healthy food products emerging as a significant trend among consumers.".

Read Full Story

6 Books that explore the connection between art and emotions

Startups

Art serves as a powerful language for expressing complex human emotions and experiences. Various books explore this connection, ranging from historical perspectives and personal perception to therapeutic uses and neuroscience. These works highlight how creativity helps individuals process grief, find healing, and understand their inner worlds. Ultimately, art acts as a bridge between internal feelings and external expression, fostering deeper connections between people and their surroundings.

Read Full Story

The RDI Fund Row, PM’s I-Day Address & More

Business

The prompt asks to summarize the "news article content." Usually, this means the primary lead story, but since it's a newsletter/digest, I should focus on the main controversy regarding the RDI fund as it's the most detailed part, or provide a high-level overview of the digest. However, the lead story is the most substantial. Let's focus on the RDI fund controversy as the core "news" while acknowledging the broader context if possible, but the RDI fund is the primary focus.

Read Full Story

7 IPOs eye Rs 6,400 Cr this week

Startups

India's IPO market is surging with seven companies raising ₹6,400 crore, while investors speculate on a massive potential IPO for AI firm Anthropic. AI continues to disrupt industries, from Hollywood filmmaking to Tagbin's 3D building designs and Kusho AI's software testing. Other highlights include Bangladesh's historic cricket win over Australia, China's neutrino research breakthroughs, and new Indian tax policies alongside energy security measures to combat supply disruptions.

Read Full Story

Lenskart’s Scale Meets Profits

Business

"Lenskart's Q1 FY27 results show a strategic shift toward productivity-led growth, with revenue rising 34% and net profit jumping 182% to ₹228 crore. The eyewear giant is diversifying its market reach by pursuing both premiumization and a new ₹500 budget offering. Additionally, Lenskart is scaling its international business and enhancing supply-chain control through increased in-house production and data-driven store selection to improve overall operational efficiency.".

Read Full Story

Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+

Startups

"Stripe has reportedly finalized a deal to acquire OpenRouter for over $7 billion, according to Bloomberg. OpenRouter provides a single access point for over 400 AI models, serving 8 million global users and preventing vendor lock-in. Previously valued at $1.3 billion after a $113 million Series B round, the startup helps customers optimize AI tasks based on budget. Stripe has declined to comment on the acquisition rumors.".

Read Full Story

Why people aren’t buying Mark Zuckerberg’s AI future

Startups

Meta CEO Mark Zuckerberg recently published an optimistic essay envisioning a future where personal AI agents empower everyone. However, TechCrunch analysts remain skeptical, citing Zuckerberg's history of unmet promises regarding social connection. Critics argue the vision is overly abstract and ignores potential risks, suggesting Meta is attempting to reposition itself in the AI market despite lacking a dominant consumer presence or accessible hardware for all users.

Read Full Story

Anthropic CEO says AI backlash is ‘fundamentally a crisis of trust’

Startups

Anthropic CEO Dario Amodei defended his balanced approach to discussing AI's risks and benefits after investor Gavin Baker accused him of fueling public backlash. Amodei argued that negative perceptions of AI stem from a general crisis of trust in institutions rather than his warnings. He emphasized that AI companies must deliver on their promises and stated that Anthropic's regulatory proposals aim to support smaller competitors.

Read Full Story

TechCrunch Mobility: The shifting flight path of electric air taxis

Startups

The electric aviation sector is consolidating as Archer Aviation acquired Wisk Aero from Boeing, and Joby Aviation purchased Resonant Sciences for $500 million to expand into defense. Meanwhile, Uber sold its stake in Serve Robotics and invested in Chilean fintech Galgo. In autonomous driving, Waymo expanded its California operations, while Aurora Innovation and Kodiak AI received permits to test self-driving trucks on public roads in California.

Read Full Story

IPO wave: Seven cos eye to raise Rs 6,400 Cr next week

Startups

Seven companies, including Horizon Industrial Parks and Lalithaa Jewellery Mart, plan to raise over Rs 6,400 crore through initial public offerings between August 17 and 21. Other participants include Augmont Enterprises, Gaja Alternative Asset Management, Shankesh Jewellers, Sunshine Pictures, and Tempsens Instruments. The funds will support business expansion and debt repayment. This surge brings the expected 2026 IPO total to 55, with Skyways Air Services following on August 24.

Read Full Story

RDI Fund Row: Deeptech Investors Seek More Transparency, Independent Oversight

Business

India's ₹1 Lakh Cr Research, Development and Innovation (RDI) fund faces scrutiny after 15 of 22 companies in its first ₹2,192 Cr allocation were linked to selection committee members. These companies received 62% of the funds. While the government maintains that conflict-of-interest safeguards were followed, investors warn that a lack of transparency could favor established networks and undermine trust in government-backed deeptech capital.

Read Full Story

Can Astrotalk Chart A Future Beyond Astrology?

Business

Astrotalk has become India's 133rd unicorn through an internal ESOP buyback rather than external funding. The company's operating revenue surged from ₹283 crore in FY23 to ₹1,176 crore in FY25. As it prepares for an IPO, Astrotalk is diversifying its core astrology consultation business into e-commerce via the Astrotalk Store and expanding internationally, particularly in the US, to drive future growth and valuation.

Read Full Story

Efficiency, lifespan, environment: test your business creativity with Edition 245 of our weekly quiz!

Startups

YourStory’s 245th edition of Lateral Sparks highlights five startups solving real-world challenges. Reneonix improves glass recycling traceability, while WalkAbout India supports active lifestyles for seniors. Aule Space extends satellite lifespans via propulsion technology, and SunCharge Motors integrates solar panels into electric three-wheelers to increase efficiency. Finally, GetVantage provides cash-flow-based financing for MSMEs, addressing traditional lending gaps to foster business growth and economic development.

Read Full Story

PM Modi’s AI bet: Train 1 crore youth in one year

Startups

Prime Minister Narendra Modi announced plans to train one crore youth in AI and provide free coaching for competitive exams. The government also aims to expand the Lakhpati Didis scheme to six crore women. Meanwhile, Indian venture capital funding dipped to $146 million recently, though Yulu secured $93 million. Other news includes Swakshatra’s work with trauma survivors, heat affecting French champagne grapes, and NVIDIA’s $21 billion SpaceX stake.

Read Full Story

Categories