Serendipity Space is building satellites that make medicines in orbit and bring them back

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Serendipity Space is building satellites that make medicines in orbit and bring them back

Startups

Indian startup Serendipity Space aims to commercialize pharmaceutical manufacturing in orbit to produce high-quality crystals without gravity's interference. Using its autonomous "Alchemy" system, the company successfully tested a prototype via a stratospheric balloon in March 2026, focusing on crystal preservation during re-entry. While the firm has raised nearly $600,000 and developed reusable satellite plans, it has yet to announce specific pharmaceutical customers or orbital missions.

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Menswear Brand KISAH Nets ₹35.9 Cr To Scale Retail Footprint

Business

"Omnichannel menswear brand KISAH has raised ₹35.9 crore in a Series A round led by Fireside Ventures, valuing the company at ₹211 crore. The Kolkata-based startup intends to use the capital to expand its retail network toward a goal of 100 stores and enhance its infrastructure. Having earned ₹65 crore in FY26, KISAH expects revenue to exceed ₹100 crore in FY27 while maintaining profitability.".

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US bars Microsoft, Indian IT firms from green card programme; TCS Q2 net profit rises 15%

Startups

Tata Consultancy Services has registered a 15% rise in net profit and an 11.2% growth in revenue for the second quarter of the fiscal. In other news, the National Commission for Women’s guidelines for the safety of women passengers seek to make safety a shared responsibility of all stakeholders.

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Why public capital isn’t enough to save India’s deeptech

Startups

The most powerful derisker is not a fund at all. It is a customer. A Rs 200 crore procurement commitment from the defence, space or railways sectors does more for a series B round than a Rs 200 crore grant, because it validates revenue rather than science.

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Ben Affleck is an AI nerd, and the internet is impressed

Startups

Ben Affleck is going viral for his deep knowledge of AI, from neural networks and transformers to open weights. The actor, who sold his AI filmmaking startup to Netflix earlier this year, is proving he's more than just a Hollywood star.

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Google brings agentic AI to Gemini, starting with businesses

Startups

Google is turning Gemini into an AI agent that can plan, execute tasks, and work across business apps and systems. The agent can delegate work to subagents, use multiple AI models, and even gets its own workplace identity, complete with an email address.

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Anthropic changes usage policy to ban model abuse and election interference

Startups

Anthropic updated its usage policy, prohibiting election interference, weapons software, and surveillance. A significant change forbids prolonged verbal abuse of its Claude model, applying to extreme, repeated cruelty rather than user frustration. The policy also bans deceptive campaigns, including fake accounts or fabricated news outlets. Additionally, it explicitly prohibits undermining democratic processes, such as deceiving voters or disrupting elections, reinforcing ethical AI use guidelines.

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US govt to suspend Micrsoft, Indian IT companies from green card programme

Startups

US Immigration rules becomes stringent The US government said there was a widespread abuse of the permanent residency process by technology companies The United States government will suspend new applications for permanent residency of foreign workers at companies like Microsoft, Cognizant, Info.

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DailyObjects raises Rs 332 Cr in Series C funding round

Startups

DailyObjects, a design-led lifestyle-tech brand, has raised Rs 332 crore in a Series C funding round led by Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital, valuing the company at Rs 1,050 crore. The firm plans to use the capital to expand its retail presence with 150 exclusive outlets across India, enhance R&D capabilities, and explore international markets to build a global consumer brand.

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Last call to volunteer at TechCrunch Founder Summit 2026

Startups

TechCrunch Founder Summit returns to Boston on November 4, seeking volunteers by October 19. Volunteers gain exclusive behind-the-scenes access, a complimentary 2026 Founder Summit ticket, and a free pass to Disrupt 2027. Tasks include registration and guest assistance. This opportunity offers invaluable event management experience and access to workshops on user growth, fundraising, and brand development, supporting an anticipated 1,100 attendees.

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Startup news and updates: daily roundup (October 8, 2026)

Startups

Veteran actor Nana Patekar, 75, died in Goa, suspected of a heart attack. In business news, Bureau partnered with Zoomcar to strengthen user verification and fraud risk assessment. Financial information platform MoneyTruVa secured seed funding and will launch in October 2026. Additionally, Zelio E-Mobility plans to expand its dealership network by adding over 150 new dealers.

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New FEMA Rules Explained: What Freelancers, Creators, And SaaS Startups Need To Know

Business

"The RBI has clarified that personal foreign exchange transactions, including small software assignments and overseas tutoring, are exempt from reporting under the new FEMA framework. Effective October 1, the regulations unify goods and services trade reporting, with banks managing most submissions. Exporters can use self-declarations for individual bills up to ₹10 Lakh. While SaaS startups face procedural updates, the framework aims to simplify compliance and improve trade data.".

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Government of Karnataka announces second edition of Bengaluru Skill Summit

Startups

Bengaluru Skill Summit 2026 to be held from 3 to 5 November 2026 at The Lalit Ashok Bengaluru under the theme “Workforce 2030: Scale, Systems, Synergy” Bengaluru, 07 October 2026: The Department of Skill Development, Entrepreneurship and Livelihood (SDEL), Government of Karnataka, today announced.

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PM Modi calls for global framework to tackle cyber frauds, deepfakes, digital crimes

Startups

Prime Minister Modi, at the India Mobile Congress 2026, called for a global framework to combat cyber frauds and deepfakes. He stressed that digital threats transcend national boundaries, requiring coordinated action from governments, technology companies, telecom operators, and financial institutions. Modi urged the GSMA and global telecom operators to create mechanisms to stop fraud, highlighting India's readiness to share.

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CoreWeave Enters India, Partners AdaniConneX For 240 MW Data Centre Capacity

Business

US-based CoreWeave is entering India, deploying 240 MW of AI cloud data centre capacity at AdaniConneX’s Taloja campus in Navi Mumbai. This expansion provides infrastructure for training and deploying AI models, with the first phase operational by mid-2028. CoreWeave has an option to double capacity to.

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OpenAI’s Alexander Embiricos is coming to TechCrunch Disrupt 2026 — days after the launch of Dots

Startups

OpenAI’s Alexander Embiricos is coming to the AI Stage at TechCrunch Disrupt 2026, just days after the launch of Dots. Join this conversation by registering for your pass. Get you pass now to save up to $100 and get a second at 50% off.

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Another personal AI assistant has launched — Meet Tab, which emerged from stealth with a $300M valuation

Startups

Tab, a new personal AI assistant, emerged from stealth with a $300 million valuation. It helps users manage daily tasks like bookings, shopping, and errands via text on iMessage or WhatsApp. Emphasizing trust, Tab ensures user data isn't used for AI training and requires explicit consent for actions. This launch positions Tab.

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RBI removes Paytm Payments Bank from list of scheduled banks

Startups

In April this year, the Reserve Bank of India had cancelled the banking licence issued to Paytm Payments Bank for non-compliance with norms, saying affairs of the bank were conducted in a manner detrimental to the interest of its depositors.

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Electric car sales jump nearly two-fold to 36,108 units in Sep: FADA

Startups

Festive demand, maturing running-cost economics, a widening choice of models and sustained policy support through PM E-DRIVE and progressive state schemes are together turning the EV from an alternative into a default consideration for a growing set of buyers, FADA said.

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Rupee undervalued; RBI will ensure stability in INR, helping it find its correct value

Startups

The domestic currency has been under pressure for much of this year, especially since the beginning of the West Asia conflict in late February, resulting in a spike in crude oil prices, which poses a direct challenge to an oil-importing country like India.

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Zomint Raises ₹36 Cr To Scale Wealth Management Platform

Business

"Wealthtech startup Zomint has raised ₹36 crore in seed funding from Lightspeed and Prime Venture Partners. Founded by Aman Mittal and Shavir Bansal, the platform targets working professionals and families with a minimum investment of ₹25,000 monthly SIP or ₹5 lakh lump sum. Zomint will use the capital to enhance its technology, expand its expert team, and grow content-led distribution across various regional languages.".

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