Table Space To File Draft Papers For $350 Mn IPO Next Month: Report

Source: inc42

Table Space To File Draft Papers For $350 Mn IPO Next Month: Report

Business

Managed workspace provider Table Space plans to file for an IPO by early August, seeking to raise up to $350 million. The public issue will likely include a ₹1,000 crore fresh equity component and an offer for sale. Despite a reported net loss in FY25 due to exceptional items, the company's operating revenue grew 51% to ₹1,360 crore, reflecting strong demand for enterprise office solutions in India.

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Pine Labs Q1 net profit jumps 4X, revenue up 20%

Startups

Pine Labs reported a significant profit jump in Q1 FY27, with profit after tax reaching Rs 20 crore, a fourfold increase year-on-year. Revenue grew 20% to Rs 737 crore, driven by increased merchant digitization and UPI adoption. The fintech company expanded its international presence across 22 countries, seeing revenue rise 21%. Additionally, Pine Labs launched new payment protocols and credit lines on UPI to strengthen its market position.

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CrisprBits is using CRISPR to build faster tests for drug-resistant infections

Startups

CrisprBits, a Bengaluru-based company founded in 2020, utilizes CRISPR technology to combat antibiotic resistance. Its primary platform, PathCrisp, enables early detection of hospital-acquired infections to reduce broad antibiotic prescribing. After raising $3 million in a pre-Series A round, the company plans to expand into Africa and Latin America. Additionally, CrisprBits is partnering with JNCASR to establish a Centre of Excellence for CRISPR innovation and translation.

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Decode Age sells gut microbiome tests and supplements built around the biology of ageing

Startups

Bengaluru-based Decode Age focuses on measuring biological aging through gut microbiome sequencing and biomarkers. The company offers testing, research, and longevity supplements, with revenue growing to ₹11.9 crores in FY24. After appearing on Shark Tank India, it raised ₹14.48 crore in a pre-Series A round to expand its research and infrastructure. Decode Age partners with the Indian Institute of Science to advance longevity studies.

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Cellogen Therapeutics is developing CAR-T cell therapies for blood cancers in India

Startups

Cellogen Therapeutics, a New Delhi-based company, is developing affordable CAR-T and gene therapies for blood cancers and inherited blood disorders. Utilizing an in-house manufacturing facility in Noida, the company aims to reduce costs and target two cancer markers to prevent relapse. Backed by investments from Natco Pharma and Kotak, Cellogen plans a Phase I trial with Christian Medical College, Vellore, targeting a price of $60,000 to $70,000.

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TrusTerra is building a battery health score to make used electric vehicles resellable

Startups

TrusTerra, founded in 2024, aims to revitalize India's used electric vehicle market by introducing TruEV Score, a standardized battery health rating. This tool helps buyers, dealers, and insurers accurately price EVs, reducing depreciation and uncertainty. Having raised Rs 9 crore in pre-seed funding, the company plans to expand its marketplace to 20 cities and certify 20,000 vehicles within 18 months to establish an industry-wide valuation standard.

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Nykaa appoints Ankit Jain to lead quick commerce arm Nykaa Now

Startups

Nykaa has appointed Ankit Jain, a supply chain veteran from Unilever and Swiggy's Instamart, to lead its quick-commerce vertical, Nykaa Now. The company aims to expand its 30-60 minute delivery service nationwide by FY30. Additionally, Nykaa is targeting same-day or next-day delivery for 90% of orders via "Nykaa Next Day" and leveraging its retail stores for "Nykaa Express" to provide hyperlocal deliveries within three hours.

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Delhi High Court orders winding up of Paytm Payments Bank: RBI

Startups

"The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL) following the Reserve Bank of India's cancellation of its banking license. The RBI cited non-compliance and actions detrimental to depositors' interests. Girikumar M Nair has been appointed as the official liquidator. This decision follows a series of regulatory restrictions imposed on the bank since March 2022 due to material supervisory concerns.".

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AI firm Krutrim lays off nearly half of its workforce

Startups

Bhavish Aggarwal's Krutrim has reportedly cut 20 to 25 jobs, affecting product and engineering teams. This marks the second round of layoffs this year for the AI unicorn, which previously reduced its sales and operations staff. Despite these cuts and previous restructuring, the company reported a 3X revenue increase to Rs 300 crore in FY26 and its first annual net profit, maintaining a margin over 10%.

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Meta summoned after PM Modi post removed; govt rejects glitch explanation

Startups

The Indian government summoned Meta's global head of public policy after the company erroneously removed a post by Prime Minister Narendra Modi regarding paper leaks. While Meta attributed the removal to an automated filter glitch, officials found the explanation insufficient. This incident occurs amid broader regulatory scrutiny of Meta in India, including concerns over WhatsApp features, Instagram advertisements, and AI tools, as the government emphasizes platform accountability.

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Flipkart's supply chain arm Ekart opens logistics network to external brands

Startups

"Ekart, the logistics arm of Flipkart Group, is opening its pan-India network to external businesses, including MSMEs, D2C brands, and FMCG companies. Through a new franchise model and expanded warehousing, Ekart aims to reach 1,000 outlets by 2026. External partners will gain access to dedicated fulfillment centers and AI-powered technology for shipment tracking and demand forecasting, enabling them to scale operations and reduce delivery turnaround times.".

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Antler India bets on AI, climate tech, and deeptech with new startup cohort

Startups

VC firm Antler India has unveiled nine early-stage startups across sectors including AI, climate technology, mobility, and healthtech. This new cohort emphasizes a shift toward solving complex industrial and infrastructure challenges over traditional consumer internet models. Featuring innovations like autonomous cargo aircraft and long-duration batteries, the startups reflect India's growing deeptech landscape and global ambitions, supported by a broader national push toward AI infrastructure and indigenous development.

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Centre Summons Meta Over Removal Of PM Modi’s Facebook Post

Business

The electronics and IT ministry (MeitY) has summoned Meta’s global head of public policy after Facebook temporarily removed a video.

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Pine Labs Q1: Profit Surges 4X YoY To ₹20 Cr, Revenue Up 20%

Business

Fintech major Pine Labs reported a significant surge in Q1 FY27 net profit, which rose over fourfold year-on-year to ₹19.6 crore from ₹4.8 crore. Operating revenue grew 20% YoY to ₹736.9 crore, reflecting a 5% sequential increase. Despite this growth, net profit declined by 203% compared to the previous quarter. Total income reached ₹765.9 crore, while total expenses increased by 11% year-on-year to ₹728.1 crore.

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Nykaa Ropes In Ex-Instamart COO Ankit Jain To Helm Nykaa Now

Business

Ankit Jain, former COO of Swiggy Instamart, has joined Nykaa as the business head for Nykaa Now and executive vice president for supply chain of Nykaa Beauty. His appointment aligns with Nykaa's strategy to aggressively expand its quick commerce operations in FY27. This move follows significant executive turnover at Swiggy Instamart. Meanwhile, Nykaa reports strong growth projections for its beauty and fashion segments, targeting $5 billion in GMV by FY30.

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Why QOSMIC Pivoted From Building Satellites To Ground Infrastructure For Satellite Data

Business

Modern satellites generate massive data volumes that exceed current radio-based downlink capacities. To solve this bottleneck, Indian startups like Astrogate Labs and Olee Space are developing laser communication. Specifically, QOSMIC is building low-cost optical ground stations to enable high-speed data transfer from space to Earth. By offering ground-station-as-a-service, QOSMIC aims to reduce costs and increase efficiency for global satellite operators through a distributed network.

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upGrad-Unacademy Merger Nears Completion

Business

Edtech major upGrad is in the final stages of acquiring edtech rival Unacademy in a transaction valued at ₹1,955 Cr,.

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Delhi HC Grants BharatPe Interim Relief In Unity SFB Shareholding Dispute

Business

"The Delhi High Court has granted interim relief to BharatPe by restraining Unity Small Finance Bank from increasing its authorized share capital and amending its memorandum of association. BharatPe argues that such changes require its prior consent and could dilute its 49% stake to 21%. Unity SFB contends the move only facilitates warrant conversion into non-voting shares. The court will hear the matter again on October 28.".

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Access to growth capital and market expansion are top priorities for Hyderabad's startup ecosystem

Startups

Hyderabad's startup ecosystem, comprising over 10,000 startups, is transitioning toward global scaling and market expansion, according to Endiya Partners' Hyderabad Startup Readiness Index 2026. While the city boasts strong infrastructure, talent from 355 global capability centres, and $3 billion in venture funding since 2014, stakeholders emphasize the need for increased growth capital. Improving capital access and collaboration remains critical for building globally competitive companies.

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Snitch Acquires D2C Women’s Fashion Brand Berrylush To Expand Beyond Menswear

Business

Menswear brand Snitch has acquired a 100% stake in D2C women’s fashion label Berrylush to enter the women's apparel market. While financial terms remain undisclosed, Berrylush will maintain its brand identity and existing team. Snitch intends to scale the brand into a ₹1,000 Cr business by providing support in technology, supply chain, and marketing, leveraging Berrylush's established customer base to accelerate its growth and omnichannel expansion.

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