SEDEMAC’s Q1 Profit Soars To ₹33 Cr, Revenue Up 43% YoY

Source: inc42

SEDEMAC’s Q1 Profit Soars To ₹33 Cr, Revenue Up 43% YoY

Business

SEDEMAC Mechatronics reported a 95.1% year-on-year increase in net profit to ₹33.3 crore for Q1 FY27, driven by a 42.5% rise in operating revenue to ₹309.8 crore. While the mobility segment grew significantly, the industrial solutions vertical declined. Despite the profit surge, EBITDA margins fell to 19.4% due to semiconductor supply issues and higher raw material costs. The company has sold over 1.3 crore ECUs globally.

Read Full Story

Mecka AI nears $500M valuation in Sequoia-led deal amid rush for robot training data

Startups

The round for the two-year-old startup is coming together months after Mecka announced its Series A.

Read Full Story

Khosla Ventures is opening a New York office this fall — its first outpost outside Sand Hill Road

Startups

"It's actually allegedly being built out now," said Rabois, who has clearly dealt with a missed construction timeline or two.

Read Full Story

Y Combinator’s Garry Tan wants U.S. open-weight AI labs to ‘distill’ frontier models, too

Startups

Tan argues that frontier models themselves trained on public human knowledge so access to capable AI should be "a form of public good.".

Read Full Story

OpenAI’s feud with mathematicians is only escalating

Startups

Twenty-five leading mathematicians signed an open letter arguing that AI labs are threatening their intellectual work.

Read Full Story

One week left to book your exhibit table at TechCrunch Disrupt 2026

Startups

Only one week left to secure your exhibit table. Tables are limited and can sell out before the September 18 deadline.

Read Full Story

Final, final, final call for TechCrunch Disrupt 2026 Side Events

Startups

The absolute last chance to apply to host an official Side Event during TechCrunch Disrupt 2026 is tonight, September 11, at 11:59 p.m. PT.

Read Full Story

Accel Offloads ₹156 Cr Stake In BlackBuck Via Block Deal

Business

Early backer Accel India yesterday sold 27 Lakh shares of logistics giant BlackBuck via an open-market transaction for ₹155.5 Cr.

Read Full Story

Kimi-maker Moonshot AI targets $2 billion in annual revenue

Startups

While K3's usage figures have declined slightly in recent months, OpenRouter data currently shows as many as 300 billion tokens being generated each day by K3 models on the system.

Read Full Story

Central Eurasia names its 2026 Road to Battlefield winners: Cerberus, WeGlobal AI, and LOOQ

Startups

Cerberus, WeGlobal AI, and LOOQ took the top three spots at the regional final of Road to TechCrunch Startup Battlefield 2026 and will represent Central Eurasia in the Startup Battlefield 200 at TechCrunch Disrupt in San Francisco this October.

Read Full Story

Amazon Pay To Double Down On Insurance With New Offerings

Business

With an eye on expanding its financial services offerings, Amazon Pay is now reportedly doubling down on insurance in India.

Read Full Story

Nscale adds former OpenAI exec Fidji Simo to its board ahead of potential IPO

Startups

The No. 2 exec at OpenAI also led Instacart through its IPO in 2023.

Read Full Story

Mitti Labs Enters Deal With Google For 1 Mn Carbon Credits

Business

Climate tech startup Mitti Labs has signed a four-year agreement with Google to supply 1 Mn Carbon credits till 2030,.

Read Full Story

GFF 2026: Here Are The New Launches Announced On Day 3

Business

The Global Fintech Festival (GFF) 2026 came to a close today with three days of conversations, launches, and partnerships. Following.

Read Full Story

Roblox is making it easier to build games with AI — and play them outside Roblox

Startups

Roblox will allow creator to deploy their games across PC< consoles, and mobile as standalone apps.

Read Full Story

Matt Mullenweg tells Automattic staff in Slack he’s back in control after CEO ouster

Startups

In a Slack message seen by TechCrunch, Matt Mullenweg told Automattic employees he’s back in control of the company, days after its board put him on leave. Automattic has not yet confirmed the apparent reversal.

Read Full Story

Army Design Bureau visits Garuda Aerospace’s Chennai drone facility

Startups

Major General Gopal Kapoor visited Garuda Aerospace’s Chennai facility to review its indigenous defence drone manufacturing, testing and R&D capabilities.

Read Full Story

Karnataka launches Rs 25 crore Government First startup initiative

Startups

Karnataka launched the "Government First Initiative" to make government a first customer for startups. This Rs 25 crore program supports 100 startups over three years, offering up to Rs 25 lakh for pilot implementation of deployment-ready solutions. It allows startups to propose ideas or respond to problem statements, removing prior experience requirements. Successful pilots can lead to wider government procurement, connecting innovation with public service delivery.

Read Full Story

[Weekly funding roundup Sept 5-11] VC inflow doubles this week

Startups

Indian startup funding doubled to $392M this week, with Pixxel, Popo Global, and Nua among the biggest deals. Spacetech, restaurants, and women’s wellness drew investor interest, while Series A startups accounted for $104M of the funding.

Read Full Story

Scammers target hundreds of thousands of crypto owners after Trezor confirms data breach of email provider

Startups

This is the second data breach affecting a company that hardware crypto wallet maker Trezor relies on.

Read Full Story

Navi is using AI to build credit and fraud models, says Sachin Bansal

Startups

The Navi founder said access to AI will become less of a differentiator as the technology gets easier to use.

Read Full Story

Categories