Social media addiction lawsuit against Meta is dropped

Source: Tech Crunch

Social media addiction lawsuit against Meta is dropped

Startups

"A Florida teenager has dropped a social media addiction lawsuit against Meta, the final remaining defendant after Snap, TikTok, and Google reached settlements. The case, part of thousands alleging that tech companies knowingly create addictive platforms, was set for trial in Los Angeles. Meta received no payment for the dismissal and maintained that the lawsuit was baseless, despite recent legal losses regarding child safety and platform harms.".

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Quick commerce reshapes online shopping this festive season

Startups

The expansion in the range of products offered by quick commerce is expected the reshape online shopping this festive season.

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Decoding India’s new-age consumer: Cashfree, Consumer Collective by Atrium to host The Consumer Circle in Gurugram

Startups

Cashfree and Consumer Collective by Atrium are bringing together a select group of founders, operators, and investors in Gurugram on September 20 for The Consumer Circle, a closed-door discussion created to put hard-earned experience, real business challenges, and practical lessons on the table.

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Delhi govt holds roundtable with startup leaders to strengthen policy

Startups

"The Delhi government recently held a roundtable with prominent startup founders and investors to refine its Startup and Incubation Policy, 2026. Chief Minister Rekha Gupta emphasized Delhi's potential as an innovation hub, aiming to support over 10,000 startups and create four lakh jobs. The policy includes over Rs 400 crore in financial support and plans to establish incubation centers within Delhi University colleges and schools.".

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ISRO Rules Out Privatisation, Says Spacetech Startups Will Expand Ecosystem

Business

The Indian Space Research Organisation (ISRO) has dismissed concerns that the Centre’s push to expand private participation in the space.

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ISRO says it is not being privatised as space reforms reshape its role

Startups

ISRO rejects claims of privatisation, while acknowledging a wider reform programme that moves mature rocket and satellite production towards industry.

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HerSpace Manufacturing raises $40M from Gray Matters Capital

Startups

HerSpace Manufacturing will use this funding primarily for expansion in manufacturing hubs across Karnataka, Tamil Nadu, and Andhra Pradesh.

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ESDS Shares Hit 20% Upper Circuit For Second Straight Session

Business

Shares of enterprise cloud and AI company ESDS Software Solution hit the 20% upper circuit for the second consecutive trading.

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Women’s wellness brand Nua raises $50M in Series C round led by Peak XV, Filter Capital

Startups

Nua will use the funding towards its next phase of growth as it aims to reach Rs 500 crore in annualised revenue in the next two years from Rs 100 crore now.

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Paytm’s Vijay Shekhar Sharma predicts AI agents will ‘Eat Apps’ by 2027

Startups

"Paytm CEO Vijay Shekhar Sharma predicts that 2027 will mark the 'massification' of artificial intelligence, with autonomous AI agents replacing apps as the primary computing interface. Sharma envisions super-capable personal assistants handling complex workflows by late 2026, prompting businesses to launch agents globally. He further anticipates a shift in user identity and suggests that machine-generated code will surpass human programmers, accelerating the journey toward artificial general intelligence.".

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Nua Raises $50 Mn To Expand Women’s Wellness Portfolio, Distribution

Business

Omnichannel femtech startup Nua has raised $50 Mn (around ₹472 Cr) in its Series C funding round led by Peak.

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Spacetech Pixxel raises $100M to build next-generation EO infra

Startups

Bengaluru-based Pixxel has raised $100 million in a Series C round led by Temasek and Seraphim, marking the largest funding for an Indian spacetech firm. Bringing total funding to $195 million, the company will expand its sensing capabilities, develop the Aurora intelligence platform, and increase satellite production. This growth reflects a broader surge in India's spacetech sector, supported by favorable FDI policies and public-private frameworks.

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Pernia’s Pop-Up Shop Parent Purple Style Labs Lists At 7% Discount

Business

Shares of Pernia’s Pop-Up Shop parent Purple Style Labs made a weak stock market debut, listing at a discount of.

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Pixxel Bags $100 Mn To Ramp Up Satellite Manufacturing, Imaging

Business

Google-backed spacetech startup Pixxel has raised $100 Mn (about ₹945 Cr) in its Series C funding round co-led by Singapore’s.

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Deeptech Startup Jaipur Robotics Raises €4.3 Mn, Eyes India Expansion

Business

Swiss deeptech startup Jaipur Robotics has raised €4.3 Mn (around ₹48 Cr) in a seed funding round co-led by EquityPitcher.

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Ola Electric Eyes ₹1,500 Cr, Weekly Funding Rundown & More

Business

Ola Electric Wants More Money Barely three months after its ₹780 Cr QIP, Ola Electric is back again in the.

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Ola Electric clears Rs 1,500 Cr fundraise; COO exits

Startups

OpenAI acknowledged AI agents hijacking a German wiki, emphasizing the need for better transparency. Meanwhile, social media trends like BookTok are reviving reading habits. In finance, 11 companies aim to raise Rs 7,055 crore through IPOs, while Ola Electric seeks Rs 1,500 crore amid losses. Additionally, Indian startup funding dipped to $196 million, and Jaguar Land Rover faces potential job cuts following a cyberattack and US tariffs.

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Zerodha Moves To The Other Side Of The IPO Table

Business

Zerodha does not want to go public itself. But it wants to be involved in almost everything that happens when.

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Phil Schiller’s App Store exit reportedly driven by wariness over future plans

Startups

"Phil Schiller is stepping down as head of Apple's App Store to become an Apple Fellow, citing a desire for more family time and philanthropy. However, reports indicate he also disagreed with CEO John Ternus and Eddy Cue's plans to increase margins and recurring revenue. Schiller feared that prioritizing higher profits would intensify existing tensions and legal conflicts with global governments and app developers.".

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Authors push back as publishers and agents seek share of Anthropic settlement

Startups

Authors are reporting payment disputes regarding Anthropic’s $1.5 billion copyright settlement for pirated works. While the deal allocates $3,000 per title, split between authors and publishers based on rights, many writers claim publishers are improperly seeking full payments or claiming rights that have already reverted. Additionally, some literary agencies are attempting to claim shares. Experts attribute these widespread errors to poor record-keeping and a confusing process.

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Travis Kalanick’s Atoms might be getting into the robotaxi business

Startups

Travis Kalanick’s startup, Atoms, recently raised $1.7 billion led by Andreessen Horowitz to establish itself as a leader in the autonomous vehicle industry. The company is planning significant hiring and acquisitions, including the purchase of Pronto. Atoms has also discussed robotaxi technology with Uber, which invested $100 million in the venture. Kalanick describes the project as "unfinished business" in his pursuit of self-driving technology.

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