Tracxn Reports ₹3 Cr Loss In Q1, Revenue Flat At ₹21 Cr

Source: inc42

Tracxn Reports ₹3 Cr Loss In Q1, Revenue Flat At ₹21 Cr

Business

Market intelligence platform Tracxn reported a net loss of ₹3 crore in Q1 FY27, marking its fourth consecutive loss-making quarter. This is a decline from the ₹1.1 crore profit recorded in the same period last year. While operating revenue remained nearly flat at ₹21.1 crore, dipping 0.6% year-on-year, total expenses surged 18.4% to ₹25.37 crore. Sequentially, revenue grew slightly by 2.9% from the previous quarter.

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Exclusive: Pain Care Startup Zanskar In Talks To Raise $6 Mn In Round Led By Bessemer

Business

"Delhi NCR-based pain care startup Zanskar is negotiating a funding round of approximately $6 million, led by Bessemer Venture Partners. Founded by IIT Delhi alumni, the company provides a technology-driven platform for personalized at-home pain management and sells relief products via various e-commerce channels. This potential raise follows a seed round and reflects increasing investor interest in chronic pain solutions within India's expanding healthtech market.".

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Exclusive: AC Maker Optimist In Talks To Raise $10 Mn From TDK Ventures

Business

Delhi NCR-based cooling startup Optimist is in talks to raise approximately $10 million from TDK Ventures, the venture arm of Japan's TDK Corporation. Founded by Ashish Goel and Pranav Chopra, the company develops air conditioners tailored for India's specific climate and energy costs. This potential investment follows a previous $12 million round and highlights growing investor interest in India's underpenetrated home appliance market and energy-efficient cooling solutions.

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Disney+ looks to TikTok creators to bring fan content to its short-form video feed

Startups

"Disney is partnering with TikTok to integrate fan-made content from Pixar, Marvel, and Star Wars into the Disney+ 'Verts' short-form video feed. Starting with a U.S. pilot, the collaboration includes the Disney Creator Ambassador Program, offering creators library access and career opportunities. This move follows a failed AI partnership and aligns with Disney's growing SVOD income, which recently doubled to $712 million in the third quarter.".

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EV startup River Mobility raises $120M in Series C co-led by Elev8 Venture and Claypond Capital

Startups

Bengaluru-based electric vehicle manufacturer River Mobility has raised $120 million in a Series C funding round co-led by Elev8 Venture Partners and Claypond Capital. The company plans to use the capital for capacity expansion, building a new manufacturing facility, and launching new utility lifestyle products. River Mobility currently sells 5,000 units monthly and aims to expand its store network from 75 to over 350 by March 2028.

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PB Fintech Q1 Profit Doubles YoY To ₹163 Cr, Revenue Jumps 40%

Business

PB Fintech reported a net profit of ₹162.9 crore for the June quarter (Q1 FY27), nearly doubling from ₹84.7 crore year-on-year, though it fell 38% sequentially. Operating revenue rose 40% year-on-year to ₹1,888.3 crore, despite an 8% sequential decline. Total revenue reached ₹1,981.3 crore, while total expenses increased 33% year-on-year to ₹1,800.3 crore, reflecting the company's current financial performance and growth trends.

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MacPaw taps Liquid AI to offer on-device inference to devs building for its app store

Startups

"Ukraine-based developer MacPaw has partnered with Liquid AI to integrate locally hosted AI models into its products, including the AI assistant Eney. This collaboration focuses on on-device inference for enhanced privacy and offline functionality. MacPaw also plans to offer this technology to other developers via its SetApp store, which is introducing credit-based pricing for AI apps and providing access to various cloud-based AI models.".

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Robinhood to list a fund that lets anyone back Y Combinator startups

Startups

"Robinhood is launching the Robinhood Venture Fund II (RVII) on August 13, aiming to raise $200 million to invest in Y Combinator startups. Publicly traded at $25 per share, the fund allows retail investors to gain exposure to YC companies. Robinhood will collect over 4% in management fees and 20% carried interest. Unlike traditional VC funds, RVII has no set end date or guaranteed cash distributions.".

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EV industry to generate up to 40M jobs by 2030: Report

Startups

India's electric vehicle sector is projected to create 30 to 40 million jobs by 2030, with annual hiring growing by 15-20%. A report by Adecco India highlights a shift toward specialized roles in battery technology and energy systems. While manufacturing hubs remain central, growth is expanding into Tier II and III cities. This industrial evolution supports India's Net-Zero 2070 goal and reduces crude oil import dependence.

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EV Startup River Mobility Bags $120 Mn To Expand Manufacturing Capacity

Business

River Mobility has raised $120 million in a Series C funding round co-led by Elev8 Venture Partners and Claypond Capital. This mix of equity and venture debt includes participation from Indian institutional investors for the first time. The company plans to use the funds to expand manufacturing capacity, launch new utility lifestyle electric vehicles, and achieve EBITDA profitability while growing its retail footprint to 350 stores by 2028.

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Google emerges as India's most attractive employer brand, followed by Tata Group, Amazon: Report

Startups

Google has been named India's most attractive employer brand in the Randstad Employer Brand Research 2026, followed by Tata Group and Amazon. The survey reveals that 46% of Indian workers plan to change jobs within six months. Key drivers for talent include work-life balance, career progression, and competitive pay. Companies must now evolve into "balanced employers" to attract and retain talent by integrating flexibility, fairness, and growth.

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Indian EV startup River raises $120M Series C to scale production, launch more models

Startups

Indian electric vehicle startup River has raised $120 million in Series C funding to scale manufacturing and expand its growth. The company, which focuses on its utility-oriented "Indie" moped, has sold over 50,000 units and currently produces 300 vehicles daily. River plans to introduce two new models next year, build a larger production facility by 2027, and increase its retail network to 400 stores by 2028.

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Digital Arrest Scams: SC Directs RBI To Create Bank SOPs, Pushes For Victim Compensation Framework

Business

"The Supreme Court has directed the Reserve Bank of India to establish standard operating procedures for banks to combat digital arrest fraud, focusing on account freezes and fund recovery. Additionally, states must operationalize cyber crime coordination centres and adopt e-Zero FIR mechanisms. The court also urged a review of CBI investigation thresholds to better tackle organized networks as digital extortion scams continue to rise across India.".

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How Muthu Murugappan is building EID Parry's next growth engine with jaggery

Startups

EID Parry is leveraging its 237-year legacy to transform the traditional jaggery market into a scalable, branded business. By implementing India's first large-scale automated manufacturing facility, the company ensures hygiene and consistency. EID Parry integrates circular economy principles and AI-powered precision farming to support rural livelihoods and sustainability. The company aims to expand its packaged jaggery presence globally, positioning it as a healthy, natural sweetener.

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AI makes weather prediction better. Can WindBorne make it lucrative?

Startups

WindBorne Systems, a weather forecasting startup, has raised $37 million in Series B funding, valuing the company at $250 million. The firm utilizes long-flying balloons and AI-driven models to provide high-accuracy weather data, reducing reliance on supercomputers. While currently serving government agencies like the U.S. National Weather Service, WindBorne aims to expand into the private sector by leveraging AI to integrate forecasts into business decisions.

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Saudi Aramco backs India’s Mitti Labs to make Asia’s rice farming more water-resilient

Startups

"Climate-tech startup Mitti Labs has raised $9.5 million in a Series A round led by Aramco Ventures to expand its AI-driven platform across Asia. By combining satellite imagery and field data, the company helps rice farmers reduce water consumption by 40% and methane emissions by over 50%. Currently serving 100,000 Indian farmers, Mitti Labs plans to expand into the Philippines and Indonesia to scale its environmental impact.".

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Startup news and updates: Daily roundup (August 5, 2026)

Startups

Freshworks returned to profitability in Q2 with rising AI demand. Several startups secured funding, including InRisk Labs, Hulp, Vingo, and Zoppler Systems. Key partnerships emerged between Cars24 and DPIIT, and Cisco and IIT Delhi. Additionally, UNESCO launched an AI ethics course, while companies like BLUE, Aziro, and Cloud.in introduced new AI and quantum platforms. Cleartrip expanded its bus services, and SAP Labs hosted its.

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OfBusiness Set To File DRHP For $800 Mn IPO By Mid-November

Business

"B2B ecommerce unicorn OfBusiness is reviving its IPO plans, targeting a public listing by November. The company aims to raise up to $800 million, including a $260 million fresh issue, at a valuation between $5 billion and $6 billion. Backed by SoftBank, OfBusiness has engaged major advisors like Morgan Stanley and JPMorgan. This move follows strong financial growth, with FY26 net profits rising 21% to ₹724 crore.".

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Bombay HC Directs Meta, Google To Take Down Defamatory Content Against Union Minister Nitin Gadkari

Business

The Bombay High Court (HC) on Wednesday (August 5) reportedly directed Meta, Google and other intermediaries to take down allegedly.

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Ola Electric Shares Jump 10% After Signing BESS MoU With Axis Energy

Business

Ola Electric shares surged over 10% after the company signed a memorandum of understanding with Axis Energy for its upcoming commercial battery energy storage system platform, Ola Mahashakti. The partnership aims for potential deployments of up to 20 GWh by 2032, with annual capacity reaching 5 GWh from 2028. This strategic move diversifies Ola's business beyond electric two-wheelers amid slowing sales and increased regulatory scrutiny in India.

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