Sid’s Farm Secures ₹81 Cr To Strengthen Dairy Supply Chain

Source: inc42

Sid’s Farm Secures ₹81 Cr To Strengthen Dairy Supply Chain

Business

Dairy startup Sid’s Farm has raised ₹81 Cr ($8.5 Mn) in a pre-Series B funding round from existing backers Omnivore,.

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RenaissThera is designing oral drugs for obesity and type 2 diabetes

Startups

"RenaissThera, a Bengaluru-based startup founded in 2023, is developing affordable oral medications for obesity and type 2 diabetes. By utilizing AI and machine learning, the company aims to create small-molecule alternatives to expensive injectable peptides, targeting GLP-1 and GIP receptors. Currently in the discovery stage with seven programs, RenaissThera is working toward Investigational New Drug readiness to begin human trials following recent seed funding.".

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Cellarim Labs makes cosmetic ingredients in India without fermentation

Startups

Bengaluru-based Cellarim Labs has launched India's first cell-free biomanufacturing system to produce hyaluronic acid. Using AI-designed enzymes and renewable bio-waste, the company offers NeuHyal, a range of molecular weights for B2B beauty brands. This method claims significant reductions in water and emissions compared to traditional production. Having raised approximately $830,000, Cellarim Labs is now developing a pilot plant and an AI-driven biofoundry for target molecules.

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Lohia Aerospace makes carbon and glass composite parts for aircraft and defence platforms

Startups

Lohia Aerospace Systems, the aerospace arm of the Kanpur-based Lohia Group, specializes in high-quality composite components for global aerospace, defense, and space sectors. By acquiring Israel's Light and Strong Ltd, the company accelerated its technical capabilities and qualification processes. Recently raising $11.14 million in Series A funding from Singularity AMC, the firm aims to expand its export presence and develop more complex aerostructures.

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Astrobase is building a reusable rocket engine and a launch vehicle in Bengaluru

Startups

Bengaluru-based Astrobase Space Technologies aims to enhance India's launch capacity with reusable, mid-sized rockets. Utilizing complex full-flow staged combustion engines powered by methane and liquid oxygen, the company focuses on rapid turnaround and autonomous landing. Supported by IN-SPACe's Technology Adoption Fund and private investment, Astrobase has successfully tested sub-scale hardware. The company targets a maiden orbital launch by 2029, complementing ISRO's existing capabilities.

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Swiggy Trims Q1 Net Loss By 34% YoY To ₹791 Cr, Revenue Up 37%

Business

Swiggy reported a net loss of ₹791 crore for the June 2026 quarter, marking a 34% year-on-year decrease from ₹1,197 crore and a 1.1% sequential decline. The foodtech major saw its operating revenue surge 37% year-on-year and 7% quarter-on-quarter to ₹6,812 crore. Total income reached ₹7,023 crore, while total expenses rose 25% year-on-year to ₹7,813 crore during the quarter under review.

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Sarvam Ropes In Mistral AI Founding Team Member Devendra Chaplot As Advisor

Business

AI unicorn Sarvam has appointed Devendra Singh Chaplot, a former xAI pre-training lead and Mistral AI founding member, as an advisor. Announced at the Epoch 2026 conference, the move supports Sarvam's goal of building a foundational model with over one trillion parameters in India. Additionally, the Bengaluru-based startup opened a San Francisco office to expand its frontier AI capabilities in coding, cybersecurity, simulation, and scientific workloads.

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Bengaluru Restaurants’ Push Back Gives Rapido’s Ownly An Opening Against Swiggy, Zomato

Business

"Bengaluru restaurants are protesting high commissions from Swiggy and Zomato, creating an opportunity for Rapido's zero-commission service, Ownly. By eliminating platform fees for restaurants and leveraging its existing ride-hailing fleet, Ownly aims to disrupt the current duopoly. Having captured 10% of Bengaluru's market, Rapido plans national expansion next quarter, while Flipkart also prepares to enter the competitive food delivery sector to challenge established players.".

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Aham Housing Finance raises Rs 100 Cr from The Sanmar Group

Startups

"Chennai-based Aham Housing Finance has raised Rs 100 crore in a follow-on funding round led by The Sanmar Group. The company plans to use the capital to expand its presence in underserved housing markets and enhance its technology, underwriting, and risk-management capabilities. Aham focuses on providing small-ticket loans to self-employed and first-time homebuyers, aiming to drive financial inclusion through responsible lending and prudent risk management.".

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Sarvam To Build Trillion-Parameter AI Model, Launches India-Hosted Inference Service

Business

AI unicorn Sarvam announced plans to develop a trillion-plus parameter frontier AI model in India to compete in coding, science, and cybersecurity. The Bengaluru-based startup also launched Sarvam Inference, a domestically hosted platform supporting models like Sarvam 105B and Gemma 4 to ensure data residency. Additionally, Sarvam opened a San Francisco office and appointed Devendra Singh Chaplot as an advisor to expand its end-to-end AI stack.

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Arboreal Bioinnovations raises Rs 230 Cr in Series A round co-led by EAAA and Omnivore

Startups

"Arboreal Bioinnovations, a specialty food and nutraceutical ingredients company, has raised Rs 230 crore in a Series A funding round co-led by EAAA and Omnivore, with participation from Rainmatter by Zerodha. The startup plans to use the capital to expand manufacturing capacity, enhance R&D, and accelerate the commercialization of functional ingredients. Serving over 1,100 B2B customers, the company provides custom-engineered proteins and sugar reduction solutions.".

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At Unleash, Atlassian showed what it takes to move enterprise AI from demo to production

Startups

At Atlassian's Unleash summit, the company detailed its strategy for transitioning AI from demonstrations to dependable production environments. Focus shifted from prompt engineering to building robust infrastructure, including deterministic guardrails, AI-assisted security assessments, and scalable data systems. By integrating bounded contexts and rigorous validation, Atlassian aims to ensure AI reliability, security, and performance across complex enterprise workflows while empowering human judgment in product management.

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Sid’s Farm raises over Rs 81 Cr in pre-Series B round

Startups

"Hyderabad-based D2C dairy brand Sid’s Farm has raised over Rs 81 crore in a pre-Series B funding round led by investors including Omnivore, NSFO, and Dodla Dairy. The company plans to utilize the capital to enhance its supply chain, expand manufacturing and distribution, and drive product innovation. Known for its rigorous scientific safety testing, Sid’s Farm aims to expand its reach and strengthen farmer partnerships across India.".

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Meta Tightens Safeguards For PM Modi, Other Prominent Accounts After MeitY Summons

Business

"Meta has implemented stricter oversight for posts by Prime Minister Narendra Modi and other prominent accounts following a summons from India's MeitY. This action follows the erroneous removal of a PM Modi video, which the government deemed inadequately explained by Meta. Now, such content will require review by at least two senior officials. Meta also faces broader regulatory scrutiny regarding child safety advertisements and WhatsApp's new username feature.".

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Ather Energy rolls out pothole alert feature to its Gen 2, above electric scooters

Startups

Ather Energy has launched a "Pothole+ Alerts" feature for its Gen 2 and above scooters, including the 450 Apex, 450X, and Rizta Z. Utilizing road intelligence data from its connected fleet, the system warns riders of potholes, broken patches, and speed breakers during navigation. Alerts are delivered via the dashboard or audio devices, ensuring safety by keeping riders' attention on the road throughout their journey.

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Bengaluru hotels warn of Swiggy boycott from Aug 15 over payment dispute

Startups

The Bangalore Hotels Association has warned that city hotels may suspend business with Swiggy starting August 15 if payment transparency and unauthorized deduction issues are not resolved. The association alleges that hidden advertising charges and accounting discrepancies have significantly reduced payouts, sometimes to less than half of the billed value. They demand a clearer payout system and an opt-out mechanism for promotions to avoid further financial hardship.

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Fintech IPO Wave, Zepto May Defer Listing & More

Business

A new wave of fintech startups, including Fibe, Moneyview, and PhonePe, is preparing for IPOs with a shift toward profitability and balance sheet strength over raw growth. Meanwhile, Zepto may delay its listing due to valuation disagreements. Other updates include Freehand raising $75 million for AI supply chain tools, BharatGen scaling multimodal models, and strong quarterly profit growth for listed firms like Kissht and BlackBuck.

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Cognizant Q2 revenue rises to $5.48B; Inside Agnikul’s reusable rocket strategy

Startups

Anicut Capital launched the Grand Anicut Seed Fund targeting Rs 175 crore for early-stage startups. Cognizant reported Q2 revenue of $5.48 billion, while Agnikul Cosmos focuses on reusable rocket technology to lower launch costs. Meanwhile, the US FCC banned Chinese humanoid robots, and the IPL's valuation rose to $20.6 billion. Other news includes a UK investigation into Microsoft and BTS opting out of the 2027 Grammys.

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SUIND Bags ₹20.5 Cr To Build Autonomous Surveillance Drones

Business

"Drone tech startup SUIND has raised ₹20.5 crore in a seed funding round led by Transition VC and IIMA Ventures. Founded in 2020, the company develops autonomous drones utilizing computer vision for navigation in GPS-denied environments. SUIND will use the capital to scale its DGCA-certified agri-drone, Bumblebee, and accelerate the development of WASP, a platform for industrial monitoring, security, and defense applications within India and abroad.".

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Microsoft is openly competing with OpenAI, Anthropic more than ever

Startups

Microsoft reported strong financial results, with annual revenue reaching $331.8 billion. CEO Satya Nadella is now urging enterprises to avoid reliance on single AI labs like OpenAI and Anthropic to prevent vendor lock-in and security risks. By promoting a "swappable" model architecture, Microsoft is pitching its own MAI models and Maya chips as cost-efficient alternatives while offering a broad catalog of diverse AI options.

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