Reliance Retail launches AJIO Beauty, expands footprint in personal care segment

Startups • Your story

"Reliance Retail has launched AJIO Beauty, a new platform integrating AJIO's digital reach with Tira's beauty expertise. Offering over 1,500 Indian and global brands across various price points, the service covers skincare, makeup, and fragrances. It will deliver to 19,000 pin codes nationwide, with select cities accessing products via AJIO Rush. The platform emphasizes personalized recommendations and trend discovery to enhance the beauty shopping experience for consumers.".

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"Responsive, founded by Ganesh Shankar, is a profitable software company specializing in Strategic Response Management. Formerly known as RFPIO, the platform streamlines the tedious RFP and tender process for large enterprises by automating repetitive sales responses. Serving over 2,000 customers, including many Fortune 100 companies, Responsive has processed $1 trillion in deals. Headquartered in Texas with engineering in India, the company remains independent without recent outside funding.".

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"The ePlane Company, an IIT Madras-incubated startup, has unveiled the e200X, a full-scale electric vertical take-off and landing aircraft prototype in Chennai. Designed for urban air mobility, the eVTOL aims to reduce city congestion through passenger transport, cargo deliveries, and emergency services. With a 110 km range, the aircraft is slated for flight testing by mid-2027 following regulatory approvals from the Directorate General of Civil Aviation.".

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Pune-based startup Thrustworks Dynetics aims to accelerate India's private space sector by supplying modular liquid rocket engines. Founded by former Bharat Forge Aerospace engineers, the company offers its ANYA engine platform and integrated testing infrastructure to reduce development timelines for launch companies. Recently raising Rs 7 crore in seed funding, Thrustworks positions itself as an industry enabler, collaborating with partners like ISRO and IN-SPACe.

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Delhi-based startup Enord specializes in AI-on-edge drones designed for navigation in GPS-denied, confined spaces. Founded in 2021, the company's INSPECTOR line uses an AI Pilot system to inspect high-voltage lines, telecom towers, and industrial plants without human pilots. Serving sectors like defense and infrastructure, Enord focuses on scalable technology and has achieved annual revenues exceeding its total institutional funding of approximately $80,600.

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Chandigarh-based startup Terafac is tackling automation barriers for India's small and mid-sized manufacturers. By using computer vision, Terafac's "Software as a Skill" platform allows existing industrial robots to adapt to varying parts without costly reprogramming. Starting with its welding product, WeldT, the company aims to expand into painting and assembly. Terafac recently raised Rs 6.5 crore in pre-seed funding to drive product development and market expansion.

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Bengaluru-based startup Zulu Defence specializes in tactical unmanned systems for military use, focusing on platforms like HOVERBEE and the indigenous DRAP loitering munition. Designed for electronically contested environments, these portable systems avoid commercial applications to meet strict military requirements. After successful trials with Indian forces, the company secured a procurement order from Netherlands Special Forces and is expanding exports across Europe and West Asia.

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Business • Anjali Jain

"Shares of Fractal and Meesho dropped over 6% following their Q1 FY27 results, as investors focused on growth concerns despite strong year-on-year figures. Fractal's decline was driven by underperformance in its technology, media, and telecom vertical and upcoming wage pressures. Meesho's shares slumped due to a projected moderation in Q2 net merchandise value growth and increased marketing spending ahead of the festive season.".

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Business • Anne Florentyna

HCLTech has signed a memorandum of understanding with Sarvam AI and the Odisha government to establish an AI data centre in Bhubaneswar. With a planned investment of ₹14,257 crore, the facility will develop sector-specific applications for government and enterprise clients. This move aligns with HCLTech's full-stack AI strategy and follows similar initiatives by Reliance and Adani as India's AI data centre market continues its rapid expansion.

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Intel Data Centre and AI business grew 59% to $6.3 billion, while Intel Foundry, its contract manufacturing business, recorded 31% revenue growth.

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Indian corporate gifting is shifting from traditional physical items to digital rewards like Flipkart Gift Cards. This transition offers recipients greater utility through personal choice and simplifies logistics for hybrid teams. For companies, digital cards streamline procurement, enhance financial auditing, and support scalable loyalty programs. Beyond operational efficiency, these cards serve as strategic tools for platform growth by introducing new users to the e-commerce ecosystem.

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Bertelsmann India Investments recently hosted the eighth Bertelsmann Badminton Championship in Bengaluru, bringing together over 150 startup founders and investors under the theme "Rally For Health." The event aimed to promote long-term wellness within the intense entrepreneurial ecosystem. Alongside the tournament, a wellness survey revealed high burnout rates and long working hours among participants, highlighting a need for organizational support for physical and mental health.

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Swiggy's board has approved a proposal to cap aggregate foreign ownership at 49.5% to qualify as an Indian-owned-and-controlled company. This move, pending shareholder approval on August 18, would enable Swiggy to directly own and sell inventory through Instamart, enhancing margins and supply chain control. Additionally, the board approved amendments to the Articles of Association to align with FEMA norms and reclassify preference share capital as equity.

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India's electric vehicle sector is expanding, with overall penetration expected to reach 10-12% this fiscal. Ind-Ra reports strong growth in e-two-wheelers and e-three-wheelers, the latter reaching 62-65% by FY27. While passenger vehicles and e-buses show steady growth, long-distance mobility remains gradual. Future success depends on developing a domestic value chain, reducing import reliance for batteries, and expanding charging infrastructure to support broader adoption.

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Business • Palak Sharma

Shares of Swiggy tanked as much as 7.8% to ₹242.60 during the intraday trading on the BSE, a day after.

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Business • Anjali Jain

Walmart-owned Flipkart will enter India's food delivery market in the coming weeks, launching via its main platform and a standalone app. This move aims to increase customer engagement and challenge competitors like Zomato and Swiggy. While expanding its commerce ecosystem, CEO Kalyan Krishnamurthy confirmed there is no immediate timeline for an IPO, as Walmart prioritizes achieving EBITDA breakeven by the end of fiscal year 2027.

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While many fear AI-driven job displacement, Durga Prasad Kakaraparthi argues that AI abundance makes human skills more valuable. By automating routine tasks, AI increases the scarcity and premium of human judgment, trust, and accountability. Similar to how digital art enhanced the value of hand painting, AI will elevate roles focused on high-level problem solving. Professionals must evolve their skills to leverage AI and remain competitive.

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The complainant had alleged that the difference arose due to inflated menu prices, delivery charges, platform fee and taxes.

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The National Company Law Tribunal has ordered the resolution professional of Think & Learns, owner of edutech brand Byju's, to halt the Form G bidding process until August 31, 2026. This decision follows a challenge by founders Byju and Riju Ravindran regarding a massive claim by GLAS Trust Company LLC. The founders argue that the claim's size unfairly influences the insolvency process and the final bidding outcome.

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Based on Viktor Frankl's insights, the capacity to endure hardship depends more on finding meaning than on external circumstances. While purpose does not eliminate pain, it enhances resilience and mental health by reframing adversity. Individuals can cultivate meaning by clarifying values, setting purposeful goals, and fostering relationships. Although structural barriers remain, linking actions to a larger purpose transforms endurance into a coherent life direction.

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Business • Team Inc42

Meesho narrowed its Q1 FY27 losses to ₹132.8 crore amid 48% revenue growth. Meanwhile, Skyroot achieved a milestone as the first private Indian company to launch a rocket. VAHDAM is pivoting toward the Indian market, and Klassroom prepares for its SME IPO. Additionally, BUSINESSNEXT raised $40 million, Swiggy seeks to cap foreign ownership for regulatory reasons, and Astrobase is developing indigenous heavy rocket engines for space access.

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Categories

Reliance Retail launches AJIO Beauty, expands footprint in personal care segment

A trillion dollars of deals runs through his startup's software. Indian tech has barely heard of him.

IIT Madras startup unveils India's latest flying taxi prototype

Thrustworks Dynetics wants to supply its engines to India’s rocket industry

Most drones are lost without GPS. Enord builds ones that are not

India is short of skilled welders, and Terafac is teaching robots to fill that gap

Zulu Defence builds tactical drones in Bengaluru, and even the Dutch special forces have placed an order

Fractal, Meesho Slide Over 6% Each After Q1 Results

HCLTech Announces $1.5 Bn Investment To Build Maiden AI Data Centre In Odisha

Intel reports fastest revenue growth in 15 years riding AI infra wave

From Physical Rituals to Digital Rewards: How Corporate Gifting is Being Rewritten in India

Long hours, little sleep: BII startup wellness survey reveals the cost of building companies

Swiggy board caps foreign ownership at 49.5%

EV penetration may rise to 10-12% of total sales in FY27: report

Swiggy Slumps Nearly 8% After Renewed Push To Cap Foreign Ownership

Flipkart Set To Enter Food Delivery Market In Coming Weeks

Scarcity in the age of AI: Why human value is rising

CCI junks complaint against Eternal over Zomato platform fee, pricing practices

NCLT stays Byju's bidding process till next hearing

How meaning helps us endure life's toughest challenges

Meesho’s Q1 Show, Skyroot’s New Era & More