RBI Bars Lenders From Locking Borrowers’ Devices Except For Gadget Loans

Source: inc42

RBI Bars Lenders From Locking Borrowers’ Devices Except For Gadget Loans

Business

The Reserve Bank of India has prohibited banks from disabling borrowers' devices for loan recovery, unless the loan specifically financed the device. Effective January 1, 2027, lenders must obtain OEM certification and follow a graduated restriction process for financed gadgets. Essential services must remain accessible, and restrictions only begin after 30 days of default. Lenders must compensate borrowers ₹250 per hour for wrongful or delayed device restoration.

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Exclusive: Peak XV’s Vice President Kriti Gupta To Leave VC Firm After Five Years

Business

Peak XV Partners Vice President Kriti Gupta is set to leave the VC firm after five years by mutual agreement, planning to take time off. Her departure is part of an ongoing leadership reshuffle at Peak XV, which has seen multiple senior executives exit over the past two years. Gupta focused.

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Wakefit starts FY27 with profitability despite cost pressures

Startups

Wakefit posted stronger Q1 FY27 revenue and profitability, driven by own-channel growth, retail expansion and improved margins despite input-cost pressures, while warning that raw material inflation could weigh on first-half FY27 performance.

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How Aule Space is building a ‘jetpack’ to extend the lives of satellites

Startups

Bengaluru-based startup Aule Space is developing a "jetpack satellite" to extend the operational life of geostationary communication satellites. By docking with fuel-depleted spacecraft, Aule's technology provides propulsion, potentially saving operators hundreds of millions in replacement costs. The company, which recently raised $2 million in pre-seed funding, aims to achieve commercial deployment following a successful orbital docking demonstration scheduled for next year.

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D2CX Converge Kolkata Unpacks The Playbook For Scaling India’s Next Generation Of Consumer Brands

Business

Inc42 and Shadowfax hosted the Kolkata edition of D2CX Converge, bringing together over 60 founders and ecosystem leaders. The event featured discussions on scaling D2C brands, focusing on customer obsession, operational excellence, and omnichannel growth. Key highlights included Wow! Momo's journey to ₹1,000 Cr+ and strategies for reaching the ₹100 Cr milestone, emphasizing that sustainable growth requires disciplined execution and a deep understanding of consumer behavior.

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6 Books that teach lessons from ordinary everyday life

Startups

Life's most profound lessons often stem from ordinary experiences rather than dramatic events. Six books, including A Man Called Ove and The Little Prince, illustrate how simple interactions, relationships, and daily routines foster personal growth and resilience. These stories emphasize that meaning is found in small choices and connections, reminding readers that kindness, gratitude, and self-understanding are often hidden within the details of everyday existence.

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Can a services firm scale like a product company? This ex-Tally CFO is betting on AI

Startups

Sathya Pramod, former Tally Solutions CFO, has rebranded his advisory firm as Northbound Advisors to pioneer an AI-native services model. By integrating a proprietary AI tool and pursuing a roll-up strategy to acquire smaller firms, Northbound aims to scale non-linearly, similar to product companies. The firm targets early-stage and midsize markets, automating routine compliance and financial tasks to increase partner capacity and delivery efficiency.

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BlissClub Raises ₹160 Cr To Fuel Offline Expansion, Enter New Categories

Business

<summary> D2C athleisure brand BlissClub has raised ₹160 Cr in a funding round led by Singularity AMC, with existing investors also participating. The capital will accelerate the startup's

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7 Books that reveal the psychology of human attachment

Startups

Explore 7 books that reveal the psychology of human attachment, relationships, emotional bonds, and why we connect with others.

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Edtech Klassroom’s Shares List At 7% Premium To Issue Price

Business

Fusion Klassroom Edutech debuted on the BSE SME platform at ₹170, representing a 6.9% premium over its ₹159 issue price. The stock later reached ₹178.50. The company raised ₹39 crore through an IPO consisting of a fresh issue and an offer for sale, which was oversubscribed. Proceeds will be utilized for technology upgrades, content development, marketing, and debt repayment, testing market appetite for the edtech sector.

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Athleisure brand BlissClub bags Rs 160 Cr to expand product range, retail footprint

Startups

"Bengaluru-based athleisure brand BlissClub has raised Rs 160 crore in a funding round led by Singularity AMC, with participation from founders and existing investors Elevation Capital and Eight Roads Ventures. The company plans to use the capital to expand its product categories, grow its offline retail network, and enhance product development. Since 2020, BlissClub has evolved into an omnichannel brand, recently expanding into the menswear segment.".

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Why Starting Matters More Than Waiting for the Perfect Plan

Startups

Plato’s assertion that the beginning is the most important part of any work emphasizes that the first step establishes momentum and direction. While fear and perfectionism often lead to procrastination, confidence and clarity typically emerge through action rather than preparation. By focusing on small, consistent steps instead of perfect conditions, individuals can build the necessary habits and foundations required to achieve long-term success and meaningful accomplishments.

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Jammu & Kashmir's startup reckoning: What the next chapter demands

Startups

Jammu & Kashmir has established a startup foundation through policy, incubators, and funding. However, the region must now shift focus from participation metrics to sustainable outcomes like revenue and job creation. Key challenges include improving market access, securing follow-on capital, and reducing geographic disparities between urban centers and remote districts. Ongoing initiatives, including investor summits and expanded university incubators, aim to build a competitive, scalable ecosystem.

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Instant Help’s Fight Against Cash Burn, Pixxel’s Next Upgrade & More

Business

Fixing Instant Services’ Unit Economics The battle for India’s instant home services is on. Players are clocking record orders, raising.

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Why India’s spacetech sector is outpacing the rest of deeptech

Startups

India's deeptech sector struggles with commercialization, but spacetech has successfully scaled hardware. This success stems from a global market focus, support from ISRO and IN-SPACe, and a pre-existing supply chain. Other industries, like semiconductors, could benefit from similar government-led anchor customer models. However, Indian spacetech must still improve hardware performance and diversify markets to match global leaders and ensure long-term competitiveness.

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Shiprocket trims IPO size; Cresa’s creative fix for sanitary pad disposal

Startups

India's deeptech sector is seeing growth, with Mitti Labs and Solinas Integrity securing funding and Piper Serica launching the Bharat Tech Fund. Mumbai and Hyderabad are becoming global data center hubs, though Google's Visakhapatnam project faces opposition. Shiprocket has reduced its IPO size to Rs 1,617.6 crore. Additionally, Cresa introduced biodegradable sanitary pads, while Meta reported AI security breaches and Alphabet underwent a leadership overhaul.

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India’s healthcare AI race isn’t about bigger models. It’s about better diagnostics

Startups

AI is bound to have an impact on the future of medicine. But the most valuable thing that AI will do for us will definitely be beyond substituting doctors or automating clinical decisions.

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OpenAI’s new AI smart speaker will reportedly sell for between $300-$400

Startups

"OpenAI is developing a premium, donut-shaped AI smart speaker in partnership with Jony Ive's LoveFrom studio. Expected to launch in 2027, the high-quality metal device will feature moving parts and a projected price between $300 and $400. While aiming to integrate ChatGPT into homes, OpenAI faces a challenging market and a lawsuit from Apple alleging the theft of trade secrets, which the company denies.".

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Your table awaits: Exhibit at TechCrunch Disrupt 2026 to be seen by thousands

Startups

TechCrunch Disrupt 2026, held October 13-15 at San Francisco’s Moscone West, is offering startups an Exhibit Program to connect with over 10,000 industry leaders. For $12,500, exhibitors receive a table, ten event passes, lead generation tools, and Silver Tier branding. This opportunity allows startups to network with investors and partners. Applications are open until September 25 or until all limited tables are sold out.

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Vogue just gave another nod of approval to the tech world

Startups

Vogue World will move to San Francisco next year, marking a shift toward the tech industry's cultural influence. Anna Wintour praised the city's creativity and innovation, though the move reflects Vogue's growing ties with tech billionaires and AI leaders. Previously held in fashion capitals like Paris and Milan, the event's new location highlights the intersection of high fashion and the Silicon Valley elite's evolving style.

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