Tata Digital Posts Nearly ₹5,000 Cr Loss In FY26 As BigBasket Bleeds

Source: inc42

Tata Digital Posts Nearly ₹5,000 Cr Loss In FY26 As BigBasket Bleeds

Business

Tata Digital's FY26 revenue rose 11.9% to ₹35,990 crore, yet net losses grew to ₹4,974 crore, primarily driven by BigBasket's quick commerce expansion. While GMV reached ₹46,515 crore, several subsidiaries remained unprofitable. Consequently, the group is pivoting the Tata Neu super app toward financial services and loyalty offerings. Meanwhile, Tata Electronics saw revenue surge 97% to ₹1.31 lakh crore as it scales semiconductor manufacturing capabilities.

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India's voice AI challenges could shape global technology, says Murf AI co-founder

Startups

Sneha Roy, COO of Murf AI, argues that India's linguistic diversity and infrastructure constraints are ideal for refining global voice AI. By addressing challenges like code-switching and low latency through smaller models like Falcon 2, Murf AI aims to create natural, cost-effective speech technology. Roy emphasizes responsible data practices and believes that solving for India's complex requirements will ultimately benefit voice AI applications worldwide.

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Life After 55: Cradle Of Life is reimagining senior living lifestyle for retired Indians

Startups

Sharad Gadsing on why senior living needs to move beyond real estate and ageing, and create communities designed around how people want to live. Senior living is evolving beyond simply providing safe, comfortable homes. For Sharad Gadsing, Co-founder, Cradle Of Life, the opportunity lies in rethi.

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Who will shape India’s next 500 million digital users?

Startups

India's digital economy is rapidly evolving, focusing on local, personal, and AI-powered services for the next 500 million users. Experts at TechSparks 2026 discussed challenges in app discovery, digital goods marketplaces, and digital sovereignty. AI is crucial for content creation, personalization, and maintaining app store relevance. The goal is to build accessible platforms and frameworks, leveraging India's strengths, while challenging assumptions about consumer value and affordability for diverse audiences.

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Rapido rides ahead with Razorpay’s real‑time payments

Startups

Rapido rides ahead with Razorpay’s real‑time payments Getting around an Indian city has always been harder than it should be. Cabs were expensive, public transport was overcrowded, and for millions of daily commuters, the last mile remained unsolved. When Aravind Sanka, Pavan Guntupalli, and SR.

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Unacademy Cofounders Plan ₹700 Cr AI, Deeptech Fund Longshot Capital

Business

Unacademy cofounders Gaurav Munjal and Roman Saini are raising ₹700 crore for Longshot Capital, a venture fund targeting AI and deeptech startups. The fund aims to back 25-28 early-stage companies in sectors like robotics, space, and defense, with initial investments between $500,000 and $1.5 million. Having already secured ₹250-300 crore, the firm targets its first close by January 2027, following upGrad's recent acquisition of Unacademy.

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The best apps for tracking your reading and discovering new books

Startups

Book apps simplify maintaining reading as a hobby, offering tools for tracking progress, organizing lists, and setting goals. This article spotlights innovative platforms beyond Goodreads, including Fable, Bookshelf, Pagebound, StoryGraph, and Margins. These apps provide diverse features like social communities, AI-powered recommendations, spoiler-free discussions, detailed statistics, and mood-based discovery, enhancing the reading experience for various book lovers.

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Grok releases the first seven minutes of its AI-generated ‘Odyssey’

Startups

Elon Musk's Grok released a 7-minute "Episode 1" of "The Odyssey," three months after promising a full, "historically accurate" film. This follows Musk's criticism of Christopher Nolan's successful "Odyssey" for its diverse casting. Grok's AI-generated version, created with Wonder Studios, is described as visually somewhat impressive but lacking.

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PM inaugurates RBI's Rs 169-cr data centre, Cybersecurity Training Institute in Odisha

Startups

"Prime Minister Narendra Modi inaugurated the Reserve Bank of India's Rs 169-crore data centre and Cybersecurity Training Institute in Bhubaneswar, Odisha. This facility, the second of its kind, will host mission-critical payment and settlement systems to enhance the reliability of digital financial services. Additionally, the training institute will focus on cybersecurity research and capability building, providing a secure, scalable computing ecosystem for India's technology-driven financial economy.".

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Will take action if Kannadigas sidelined in jobs in Karnataka: CM Shivakumar

Startups

Karnataka Chief Minister DK Shivakumar stated the government will take action against private institutions deliberately sidelining Kannadigas in job opportunities. Posting on 'X', Shivakumar affirmed concerns about native Kannada speakers being overlooked, particularly in Bengaluru's IT sector, are taken seriously. He emphasized that Kannadigas' rights, dignity, and opportunities are paramount and will not be compromised, highlighting the government's commitment to addressing their interests.

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Gen Z is shaping India’s beauty market: prevention first,and going beyond the metros

Startups

A new Myntra report reveals that Gen Z is transforming India's beauty market by prioritizing ingredients and skin prevention over brand hype. This generation, particularly in Tier II and III cities, favors K-Beauty, D2C brands, and premium minis for discovery. Driven by creator content and a skin-first approach, Gen Z's spending is increasing, contributing to a market projected to grow from $23 billion to $40 billion.

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Art and design: how this award-winning Bengaluru airport elevates passenger experience

Startups

As an eco-conscious terminal designed with lush garden-themed architecture, Terminal 2 at Bengaluru's Kempegowda International Airport has won much acclaim. This year, it was recognised among the Top 5 globally in the Skytrax rankings for World’s Best Art in the Airport. This distinction undersco.

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Discover how Superminis, Nayam by Lakshita and Broadstar are scaling nationally with Myntra’s platform capabilities

Startups

Myntra’s Big Fashion Festival (BFF) is empowering emerging brands by providing access to over 80 million monthly active users and extensive data tools. This year's event features 21,000 brands and eight million styles. Labels like Super Minis, Nayam by Lakshita, and Broadstar have utilized Myntra’s trend analytics and category insights to optimize their assortments, increase sales during marquee events, and expand their nationwide customer reach.

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Instacart reportedly discussed selling itself with DoorDash and Uber

Startups

Instacart is reportedly exploring a sale, hiring an investment bank to evaluate options. The grocery delivery company has held acquisition talks with DoorDash, and previously with Uber, which reportedly walked away. With a market cap over $13 billion and stock up 25% year-to-date, Instacart may seek to sell at a favorable price before increased market competition. These are early discussions, and a sale is not guaranteed. News of a potential sale caused Instacart's shares to spike.

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Rs 10,000 Cr into restaurants. But why do 80% fail? Here's the Hotshare F&B investment playbook

Startups

In this episode of the Prime Venture Partners Podcast, Lavanya, Founder, Hotshare, an F&B investment platform, explains what she looks for before funding a restaurant. The founder of burger brand ‘Beyondburg’, one of Hotshare’s portfolio companies, joins the podcast to share the brand's journey.

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Startups don’t need to go viral to win customers

Startups

At TechCrunch Disrupt, industry leaders discussed strategies for startup customer acquisition and retention. Grant Lee of Gamma emphasized strategic influencer marketing tailored to specific user segments. Conversely, Engine CEO Elia Wallen highlighted the enduring effectiveness of traditional sales tactics and personal engagement. Finally, Google Ventures' Crystal Huang advised analyzing usage data to identify and cultivate passionate brand evangelists to ensure long-term growth and customer loyalty.

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TechCrunch Founder Summit 2026 roundtables: Go deeper on the challenges founders are solving right now

Startups

TechCrunch Founder Summit 2026 is coming to SoWa Power Station in Boston on November 4, bringing founders, investors, and operators together for a full day of candid conversations, practical sessions, live pitching, networking, and smaller roundtables built for deeper discussion.

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From Toast to Bessemer: Who founders will hear from at TechCrunch Founder Summit 2026

Startups

Hosted by TechCrunch in partnership with Fidelity Private Shares, the full-day event goes beyond fundraising and AI to explore the realities of finding customers, building teams, sharpening a pitch, developing founder leadership, and scaling companies both inside and outside traditional startup hubs.

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Lab testing giant Quest Diagnostics confirms patients’ personal and health data was compromised during breach

Startups

Medical lab testing giant Quest Diagnostics confirmed a cyberattack and data breach affecting sensitive patient information stored in its Quanum lab testing system. The company disclosed to U.S. regulators that "certain patient records" were accessed. Quest has notified law enforcement and is investigating the incident, which marks the latest major cyberattack on the healthcare industry this year. This is Quest's second significant data breach in a decade, highlighting ongoing vulnerabilities in medical tech.

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Unicommerce Q2: Profit Rises 11% YoY To ₹6.4 Cr, Revenue Up 15%

Business

Unicommerce reported a consolidated net profit of ₹6.4 crore for Q2 FY27, an 11% year-on-year increase. Operating revenue rose 15% to ₹59.1 crore, though expenses grew faster at 19%. Profit growth was primarily supported by lower tax expenses. The company added 121 enterprise clients and launched its DNA AI product. Management expects profitability to improve in the second half of the year as planned investments moderate.

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Deeptech startups in India must have global ambitions, concur panellists at TechSparks

Startups

Experts at TechSparks discussed the rise of India's deeptech sector, highlighting government support through policies and a Rs 1 lakh crore innovation fund. While the environment is improving, challenges remain, including talent shortages and a lack of patient capital for larger funding rounds. Panellists emphasized the need for sovereign technological capabilities and urged startups to target global markets to ensure sustainable growth and competitiveness.

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