Reservoir raises $8M to make water heaters that people — and the grid

Source: Tech Crunch

Reservoir raises $8M to make water heaters that people — and the grid — will actually want

Startups

Reservoir, a startup that recently raised $8 million in seed funding, is launching smart heat pump water heaters in the Boston area. These devices use predictive heating and ultrasonic leak detection to increase efficiency and reduce energy costs. By optimizing heating times, Reservoir aims to stabilize the power grid. The company offers Core and Max models and operates its own plumbing service to streamline installation and sales.

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5 Books that reveal the meaning of true independence

Startups

highlights knowledge as a tool for independence. Together, these works suggest that self-awareness and courage are essential for breaking boundaries and finding meaningful, independent lives.".

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Decoding Cashfree Payments' 0% payment gateway fee offer, and why it's a no-brainer for early-stage businesses

Startups

Cashfree Payments has introduced a 0% payment gateway fee waiver on the first Rs. 20 lakh Gross Merchandise Value for new businesses signing up by March 31, 2027. This initiative aims to support small businesses during the critical festive season, reducing costs and operational hurdles. By removing financial barriers, Cashfree seeks to attract new merchants and help them scale quickly during their highest-revenue period of the year.

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Navi To File For ₹3,000 Cr IPO By December: Report

Business

"Fintech unicorn Navi is reportedly planning to file for a $314 million IPO by December this year, consisting of a fresh issue of shares. The company has appointed advisers including Goldman Sachs and JPMorgan for the offering. This move follows the shelving of previous listing plans in 2022. While Navi has not officially confirmed the reports, the move aligns with a broader trend of Indian tech startups seeking public listings.".

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Inside L&T Vyoma’s Plan To Build India’s AI Infrastructure Giant

Business

Larsen & Toubro (L&T) is consolidating its data centre, cloud and AI infrastructure businesses under newly incorporated subsidiary Vyoma.AI as.

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How $303 Mn Bluetile Acquisition Complicates Nazara’s Growth Story

Business

Nazara Technologies is acquiring Bluetile Games and BestPlay for $303 million, with $214 million due by April 2027. The company faces funding challenges amid rising user acquisition costs and a recent quarterly net loss. Raymond Stauffer, founder of Bluetile, will become CEO and invest ₹583 crore personally. This transition occurs as founder Nitish Mittersain prepares to step down as CEO by September 2026.

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Honasa Q1 Profit More Than Doubles To ₹90 Cr, Revenue Up 27% YoY

Business

Honasa Consumer, the parent company of Mamaearth, reported its highest-ever quarterly net profit of ₹90.4 crore in Q1 FY27, marking a 119% year-on-year increase. Operating revenue grew 27% to ₹755.9 crore during the same period. The company also saw sequential growth, with net profit rising 30% and revenue increasing 15% from the previous quarter, driven by strong revenue growth and improved operating leverage across its business.

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Tata Trusts initiates process of selecting Tata Sons Chairman

Startups

Tata Trusts has begun searching for a successor to N Chandrasekaran as Chairman of Tata Sons. Chandrasekaran announced he will not seek a third term following a lack of unanimity within the board. The Sir Dorabji Tata Trust expressed gratitude for his decade of leadership and transformation. A selection committee will now be formed to recommend a new Chairman, ensuring a smooth transition for the diversified conglomerate.

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Snapchat Has Gen Z’s Attention In India; It’s Time To Monetise Now?

Business

Snapchat India is shifting its advertising focus from simple Gen Z reach to capturing the purchase-validation loop. With a ten-fold increase in advertisers and tripled spending, the platform is attracting traditional brands alongside online-first companies. By leveraging AI and its close-knit communication model, Snapchat aims to convert high user engagement into measurable performance and ROI, moving beyond discovery to influence final purchase decisions.

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Gen Z turns to crypto as gateway to investing, WazirX data shows

Startups

"India's Gen Z is increasingly using cryptocurrency as a primary gateway to financial markets, according to WazirX data. With a median age of 25, these investors predominantly hail from Tier II and III cities. Their portfolios favor utility-focused assets over speculative memecoins, and many continue investing during market downturns. This trend highlights a shift toward early, disciplined wealth creation among young, lower-income Indians and students nationwide.".

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Mirae Asset Venture Investments Marks First Close Of Fund II At ₹1,125 Cr

Business

Mirae Asset Venture Investments (MAVI) India has achieved the first close of its second fund, Mirae Asset Venture Opportunity Fund II, at ₹1,125 Cr. With a target corpus of ₹1,800 Cr, the fund focuses on Series B to Series D startups across AI, SaaS, deeptech, and consumer tech. The Mumbai-based firm aims to support high-growth Indian businesses that have achieved product-market fit and are scaling operations.

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Kusho AI is building AI agents that test software before it breaks

Startups

Bengaluru-based Kusho AI, founded in 2023, offers an AI-powered platform that automates software testing and maintenance for APIs and applications. Using an agentic orchestration layer and proprietary models, the startup helps engineering teams detect bugs and ensure stability before production. Serving over 5,200 clients in high-stakes sectors like banking, Kusho AI reduces manual testing time and costs, allowing developers to focus on building new products.

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Exclusive: Former Dyson India Boss Ankit Jain Bags Funding From BEENEXT For New Venture

Business

"Former Dyson India MD Ankit Jain has launched a stealth startup focused on premium consumer appliances, securing pre-seed funding from Singapore-based BEENEXT. Jain, who previously led Dyson's operations in India and the Middle East, enters a competitive market where innovative brands challenge legacy makers. India's household appliances sector is expanding rapidly, projected to reach $33.63 billion by 2030, driven by rising disposable incomes and smart technology adoption.".

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Bluehill.VC Marks Final Close Of ₹400 Cr Maiden Frontier Tech Fund

Business

Early-stage VC firm Bluehill.VC has closed its maiden ₹400 crore frontier tech fund, featuring a ₹50 crore greenshoe option. Backed by SIDBI, state governments, and various private investors, the fund targets 15-16 seed to Series A startups in sectors like semiconductors, defence, and energy. With average initial investments of $1-2 million, Bluehill.VC aims to leverage India's growing deeptech momentum and supportive government policies for advanced manufacturing.

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D2C Brand Scrubsy Nets $3 Mn To Expand Home Cleaning Offerings

Business

D2C home-cleaning startup Scrubsy has raised ₹27 Cr ($3 Mn) in a seed round led by V3 Ventures. The Delhi NCR-based company specializes in foam-based cleaning products designed to reduce scrubbing time. Scrubsy plans to use the funding to expand into car and laundry care. Having acquired over 5 lakh customers, the EBITDA-positive startup aims for ₹100 Cr in annual recurring revenue by FY28.

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Centre Directs Ride-Hailing Platforms To Take Down ‘Advanced Tipping’ Prompts

Business

The Ministry of Road Transport and Highways has ordered ride-hailing platforms like Uber and Ola to remove tipping prompts shown before or during trips. According to the Motor Vehicle Aggregator Guidelines 2025, tips may only be offered after a journey is completed. Aggregators are prohibited from suggesting that tips improve ride acceptance or waiting times, and 100% of all tipping amounts must go directly to the drivers.

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Shiprocket IPO Subscribed Nearly 2X On Day 2 So Far

Business

Ecommerce enablement platform Shiprocket’s ₹1,617.5 Cr IPO was subscribed 1.97X by 12:42 IST on the second day of bidding today.

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Centricity Raises ₹280 Cr To Expand Wealthtech Platform, NRI Business

Business

Gurugram-based wealthtech startup Centricity has raised ₹280 crore (approximately $29 million) in a funding round led by SMBC Asia Rising Fund. The investment, comprising equity and venture debt, values the company at ₹1,800 crore. Centricity intends to use the capital to enhance its technology stack and expand its B2B2C wealth-distribution platform globally. The firm currently manages over ₹15,000 crore in assets for more than 1 lakh investors.

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Amagi Q1: Profit Jumps 8.6X YoY To ₹33.9 Cr, Revenue Rises 32%

Business

Amagi Media Labs reported a significant increase in consolidated net profit for the June quarter of FY 2026-27, jumping 8.6 times to ₹33.9 crore from ₹3.9 crore year-on-year. Operating revenue grew 32.4% to ₹436.9 crore, while total income reached ₹454.5 crore. Despite the annual growth, profit saw a marginal sequential decline from ₹34.3 crore in the March quarter, and total expenses rose 22.6% to ₹414.1 crore.

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Lenskart Shares Jump 7% To Record High As Brokerages Raise Targets

Business

Shares of omnichannel eyewear major Lenskart jumped nearly 7% to an all-time high of ₹627.35 on the BSE today after.

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IPO-Bound Infra.Market Eyes Reverse Listing Via Shalimar Paints In ₹10,440 Cr Share Swap

Business

"Shalimar Paints is considering acquiring equity shares and CCPS of Hella Infra Market, the parent company of unicorn Infra.Market, through a proposed ₹10,439.91 crore share swap. This transaction would make Hella Infra Market an unlisted material subsidiary of Shalimar Paints, providing the unicorn a reverse-listing route to public markets. The board is now reviewing the proposal to seek necessary shareholder approvals for the building materials platform.".

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