Spiritual Tech Startup Utsav Raises ₹36 Cr To Expand Temple Network

Source: inc42

Spiritual Tech Startup Utsav Raises ₹36 Cr To Expand Temple Network

Business

Spiritual tech startup Utsav has secured ₹36 Cr ($3.8 Mn) in a Series A funding round led by Atomic Capital.

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Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II

Startups

"Fiat Ventures has rebranded as FGV Capital, merging its venture and growth consultancy divisions to better support fintech founders with go-to-market strategies. The firm also launched a $35 million second fund targeting fintech's intersection with AI, healthcare, and commerce. Backed by LPs like Bank of America, FGV plans to invest $1 million to $1.5 million in at least 25 companies over the next two years.".

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Amazon, Flipkart Revise Seller Fees, Penalties Ahead Of Festive Season

Business

"Amazon and Flipkart have updated their seller penalty structures ahead of the festive season to improve fulfillment. Amazon introduced graded cancellation fees ranging from 2% to 10% and increased closing fees. Meanwhile, Flipkart replaced account-level restrictions with order-specific penalties between ₹30 and ₹90 for missed deadlines or cancellations. Both platforms are balancing stricter rules with selective commission reductions to remain competitive against growing quick commerce platforms.".

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‘The world seems to be ready’: An interview with OpenAI head of product Thibault Sottiaux

Startups

"OpenAI has introduced ChatGPT Work, a platform designed to bring the capabilities of AI agents to white-collar professionals. Product lead Thibault Sottiaux explains that the tool aims to make complex, autonomous task completion accessible and affordable via the Plus plan. With 20 million users, OpenAI focuses on a simple user interface, iterative discovery of model capabilities, and ongoing improvements in efficiency and safety.".

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Fitbit founders launch Luffu Link, an LTE health and safety band

Startups

Luffu Link combines all day health sensing, voice logging, location awareness, and the ability to get help from trusted contacts into a single device, all without needing a phone nearby.

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Building the logistics backbone for India's next growth phase

Startups

India is strategically transforming its logistics to become a central global supply chain hub, moving beyond just manufacturing. Driven by geopolitical shifts and diversification strategies, the country is investing heavily in modern infrastructure, digital coordination, and integrated services. Government initiatives and technology, including AI, are enhancing connectivity, resilience, and efficiency across freight, warehousing, and customs. This shift aims to optimize complex.

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Verlinvest, Mirchandani Family Raise Stakes In Epigamia In $20 Mn Secondary Deal

Business

D2C brand Epigamia’s existing shareholders Verlinvest and the family of its late cofounder Rohan Mirchandani have increased their stakes in.

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Pine Labs Invests ₹24 Cr In AI R&D In FY26, Cuts Testing Time by Over 95%

Business

Pine Labs invested ₹24 crore in AI and R&D during FY26, significantly enhancing internal efficiency by reducing testing cycles by 95% and increasing developer productivity by 25%. The fintech firm launched AI-driven tools like the P3P payments protocol and SignalIQ bank statement analyzer. Financially, the company turned profitable in FY26 with a net profit of ₹112.5 crore and operating revenue of ₹2,710.6 crore.

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4 Books that explore what it means to live a good life

Startups

Discover 4 thought-provoking books that explore purpose, happiness, virtue, and meaning while offering practical lessons for living well.

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Pernia’s Pop Up Shop Files RHP, Increases IPO Size To ₹680 Cr

Business

Purple Style Labs, the parent company of Pernia’s Pop Up Shop, has filed its red herring prospectus for a fresh issue-only IPO worth ₹680 crore. The offering opens for subscription from August 31 to September 2, with anchor bidding on August 28. The company plans to allocate ₹371.1 crore for lease liabilities and ₹138.9 crore for sales and marketing through FY30, with remaining funds for general corporate purposes.

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Nexedge Capital Nets $20 Mn To Scale HNI Wealth Management Platform

Business

"Nexedge Capital, a wealth management startup founded by former 360 ONE Wealth executives, has raised $20 million in its maiden funding round. Co-led by Mirae Asset Venture Investment and Elev8 Venture Partners, the capital will be used to enhance its tech stack, expand its banker network, and grow its Indian presence. The firm currently manages $3 billion in assets and serves over 1,300 high-net-worth families.".

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MATTER Nets $25 Mn To Scale Manufacturing, Launch Four New Electric Motorcycles

Business

Ahmedabad-based startup Matter Motor Works has raised $25 million in growth capital from investors including Helena and Capital 2B. This funding will expand the company's manufacturing, distribution, and supply chain capabilities. Matter plans to launch four new electric motorcycles based on its AERA platform over the next 12 to 24 months. The startup's flagship AERA model is recognized as India's first geared electric motorcycle.

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Airbound Bags $37 Mn From Greenoaks, DoorDash To Scale Drone Manufacturing

Business

Bengaluru-based dronetech startup Airbound has raised $37 million in a Series A funding round led by Greenoaks, bringing its total funding to nearly $50 million. The company specializes in autonomous drones for transporting goods, utilizing a unique blended-wing-body design. Airbound plans to use the capital to scale manufacturing and engineering, aiming to expand its delivery networks across healthcare, ecommerce, and retail sectors, starting in Andhra Pradesh.

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Kedaara Capital invests $200M in Tynor Orthotics

Startups

Kedaara Capital has invested $200 million in Tynor Orthotics, a Mohali-based manufacturer of orthopaedic supports and rehabilitation products. Tynor operates across 60 countries, selling through 300,000 retail outlets and 8,000 hospitals. The investment aims to build an ortho-focused wellness platform, expanding Tynor's domestic and international presence while enhancing manufacturing capabilities. Kedaara will collaborate with Tynor's promoters and strategic partner Thuasne to drive this global growth.

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EV startup MATTER raises $25M to scale electric motorcycle business

Startups

MATTER Motor Works, an Ahmedabad-based electric motorcycle startup, has raised $25 million in growth capital from existing investors, bringing its total funding to approximately Rs 1,000 crore. The company plans to expand manufacturing, distribution, and its supplier network while launching four new motorcycles within 24 months. Known for its geared AERA model, MATTER aims to capitalize on India's rapidly growing electric two-wheeler market and government support.

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Wealth management firm Nexedge Capital raises $20M

Startups

"Nexedge Capital, a New Delhi-based wealth management firm founded by Anirudha Taparia, has raised $20 million in its first funding round led by Mirae Asset Venture Investment and Elev8 Venture Partners. The company plans to enhance its technology, expand its presence across India, and develop NRI and NBFC services. With $3 billion in assets under management, Nexedge focuses on comprehensive net-worth management for high-net-worth families.".

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Karnataka Suspends Amazon, Instamart, BigBasket Food Licences Over Toxic Datura Listings

Business

"Karnataka has suspended the food licenses of Amazon, Swiggy Instamart, and BigBasket after the platforms listed poisonous Datura fruits and seeds for human consumption. The Karnataka Food Safety and Drug Administration Department ordered the immediate removal of these listings and requested compliance reports. This action reflects increasing regulatory scrutiny of quick commerce platforms regarding food safety, following similar license suspensions for other delivery services in Maharashtra.".

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Infineon To Acquire Peak XV-Backed C2i Semiconductors To Bolster AI Play

Business

German semiconductor giant Infineon is acquiring Bengaluru-based C2i Semiconductors to enhance its power management portfolio for AI data centers. The undisclosed deal, expected to close in the third quarter of 2026, integrates C2i’s software-defined power technology and vertical power delivery expertise. This acquisition underscores the growing strategic importance of India's semiconductor ecosystem and engineering talent as global demand for AI infrastructure continues to rise rapidly.

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Men’s Ethnic Wear Gets Its Second Wave

Business

Indian men's ethnic wear is evolving from seasonal festive attire to everyday fashion, driven by D2C brands targeting younger consumers. While the market is expanding into casual and work settings, brands face significant challenges regarding profitability, inventory management, and the need for physical retail to ensure proper fit. Despite these hurdles, the fragmented nature of the industry offers substantial growth potential as organized retail replaces traditional tailoring.

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SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 Cr

Startups

"SoftBank Group has reduced its stake in eyewear retailer Lenskart Solutions, selling a 2.58% stake for approximately Rs 2,888 crore through open market transactions. This sale brings SoftBank's total holding down to 7.28%, following a previous divestment in June. A diverse group of domestic and foreign institutional investors, including Societe Generale and several Indian mutual funds, acquired the shares at an average price of Rs 641.75.".

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