[Update] ESDS IPO Closes With 135.9X Oversubscription

Source: inc42

[Update] ESDS IPO Closes With 135.9X Oversubscription

Business

ESDS Software Solution’s ₹720 crore IPO was oversubscribed 135.88 times by the end of its third bidding day. Qualified Institutional Buyers led the demand at 261.51 times, followed by Non-Institutional Investors at 192.94 times and retail investors at 39.68 times. Priced between ₹408 and ₹429 per share, the cloud and AI company plans to use ₹576 crore for infrastructure expansion. Shares are expected to list on September 4.

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A Nvidia insider-turned-VC on why robotics hasn’t hit its ChatGPT moment, yet

Startups

Amulya Vishwanath, who spent seven years leading product marketing for NVIDIA’s robotics platforms, says robotics is currently in its “Lego era,” with the basic building blocks like actuators, robotic hands, software, and safety standards still being rebuilt. This view runs counter to those who believe that robotics, powered by a general foundation model, is about to have […].

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Mark Wahlberg on using AI in film ‘the right way’ and being open to an AI clone carrying on his legacy

Startups

Actor Mark Wahlberg believes AI has a place in filmmaking if used correctly, sharing his perspective at TechCrunch Disrupt. He plans to use AI to enhance stadium settings in his upcoming Pete Rose biopic. While opposing AI for full scriptwriting or replacing.

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Veritas expands its anti-counterfeit chip to jewelry, trophies, and fragrance bottles

Startups

Counterfeits of luxury goods are a major problem for fashion houses. Counterfeiters are getting better at replicating brands’ marks and passing off dupes, known as “superfakes,” as genuine items. A startup called Veritas wants to tackle the problem with its own chip that verifies goods. Veritas was founded by Luci Holland, a former Tesla technical […].

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Welcome competition but Indian laws apply to all: Reliance breaks silence on Musk's satcom row

Startups

Reliance Industries responded to Elon Musk's criticism, stating it welcomes competition in India's satellite communications market, including Starlink, but all players must obey Indian laws. Musk alleged powerful interests block Starlink's entry. Bharti Airtel's OneWeb also awaits operational approval, claiming to be ahead. The Indian government consistently emphasizes that adherence to local regulations.

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Snabbit FY26 loss widens multifold to Rs 167.75 Cr; revenue rises to Rs 12.25 Cr

Startups

Its revenue from operations rose to Rs 12.25 crore in FY26 from Rs 26.35 lakh a year earlier. Platform services brought in Rs 10.82 crore, and the sale of uniforms to its service providers, whom it calls experts, stood at Rs 1.42 crore.

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Magicbricks appoints Mayank Jain as CEO

Startups

Magicbricks, a prominent real estate classifieds platform, has appointed Mayank Jain as its new CEO, effective October 1. Jain joins from CarDekho, where he served over five years as CEO of Auto Classifieds, bringing more than two decades of experience across digital, media, and technology. He will focus on accelerating Magicbricks’ growth by leveraging digital capabilities, advancing technology-led innovation, and strengthening its.

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AI execution company RapidCanvas raises $29M in Series B

Startups

RapidCanvas pairs its AI platform with field AI engineers to deliver custom AI solutions. AI engineers learn each customer's business processes, design and build custom AI applications, and stay accountable for the applications' outcomes after delivery. The startup has raised a.

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Origin Bags $20 Mn To Build Autonomous Construction Robots

Business

US-based robotics startup Origin has raised $20 million in a funding round co-led by Accel and Zacua Ventures to automate construction work. The company plans to deploy 150 of its OG-1 robots by 2027, focusing on wall-finishing tasks like sanding and priming. This capital will support large-scale pilots across the US and Europe, addressing labor shortages with technology that claims to work three times faster than humans.

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Last chance to save up to $200 on your TechCrunch Founder Summit pass: Early booking ends Oct. 16

Startups

Savings of up to $200 end October 16 for TechCrunch Founder Summit end on October 16. These savings for Founder and Investor Passes vanish after Friday. Join 1,000 founders and investors on November 4 at Boston’s SoWa Power Station. Bring your toughest questions and make the day count for your business.

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5 Kristin Hannah lessons on the complexities of womanhood

Startups

<summary> Kristin Hannah's novels deeply explore the multifaceted experiences of womanhood. Her works, including *The Nightingale* and *Firefly Lane*, illuminate women's quiet strength amidst adversity, the intricate balance of love and sacrifice, and the vital role of female friendships. Hannah'

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This 11-year-old built an AI smart cane for ₹10,000 and took it to the UN

Startups

Eleven-year-old Aaradhya Jain designed STAMBHA, an innovative smart cane presented at the UN. This device monitors user health, detects obstacles, reads signs, and alerts family during emergencies. Developed with AI and family support, STAMBHA offers a low-cost alternative for the elderly and visually impaired. It operates without a phone, responds in Hindi or English, and aims to provide comprehensive support, particularly for India's aging population.

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Amazon’s Bee launches two new personal AI devices, starting at $75

Startups

Amazon-owned Bee has launched its first new AI devices since its acquisition, including an updated wearable and a credit-card-sized recorder that attaches to smartphones. The devices can summarize conversations, create to-do lists, and integrate with Alexa and Amazon shopping, with prices starting at $74.99.

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MumbaiSemi aims to become a global supplier of high-quality RF chips

Startups

MumbaiSemi, an IIT Bombay spinout, has developed DhruvaPro, a programmable radio-frequency chip designed for satellite navigation. Unlike traditional hardware, this indigenous chip is reconfigurable across multiple frequency bands, supporting global systems including India's NavIC, GPS, and Galileo. By offering a flexible alternative to imported components, the startup aims to strengthen India's semiconductor ecosystem and serve both domestic and international markets for vehicle and asset tracking.

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Figma announces new features to define how agents work on its platform

Startups

Figma unveiled a new Markdown-based editor, Figma Specs, at its first Config India event. This tool helps define design language, integrate design and code libraries, and ensures AI agents adhere to brand rules. Specs can reference Figma elements and embed diagrams. Additionally, Figma made its code layers feature, enabling design-to-code conversion, available in public beta. The company is also integrating its acquired Payload headless CMS for dynamic website generation.

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Gudea leverages AI to help organizations prevent social media crises before they erupt

Startups

Gudea, an AI-driven "storm tracker for the internet," helps organizations identify and manage online crises before they escalate. Unlike traditional social listening tools, Gudea analyzes behavioral pathways across over 500 platforms to provide context on how misinformation spreads. Founded in 2023, the startup recently raised $7 million in seed funding and serves nearly 40 clients, including Fortune 50 companies, to proactively protect their brand reputations.

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Intero Biosystems wants drugmakers to test on mini human intestines, not animals

Startups

"Intero Biosystems, a Denver-based startup, is developing GastroScreen, human intestinal organoids designed to replace or supplement animal testing in drug development. By using induced pluripotent stem cells, the company creates scalable, human-relevant models for pharmaceutical and biotech companies to test drug safety and efficacy. This innovation aligns with recent FDA efforts to reduce animal testing reliance and move toward more accurate, non-animal methodology validation.".

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CedarDB wants one database to handle both transactions and analytics, as AI agents raise the stakes

Startups

Munich-based startup CedarDB has launched a limited cloud offering of its database engine, which unifies analytical and operational data processing. A spinout from the Technical University of Munich, CedarDB leverages the Umbra project for high efficiency and maintains PostgreSQL compatibility to lower switching costs. Following a €5.3 million seed round, the company aims to support agentic AI and compete with industry giants like Databricks.

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Ambani’s Jio seeks to raise $3.2B in what could be India’s biggest IPO

Startups

"Jio Platforms, the digital arm of Reliance Industries, plans to raise up to $3.2 billion in what could be India's largest initial public offering. With a price band of ₹1,065 to ₹1,119 per share, the IPO could value the telecom giant at approximately $108.3 billion. The offering opens October 21, with proceeds primarily intended to repay debt at its telecom subsidiary and fund general corporate purposes.".

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Flock CEO says its microphones detect ‘just gunshots.’ Its website says different

Startups

Flock CEO Garrett Langley recently claimed the company's audio detection technology focuses solely on gunshots. However, Flock's website and spokesperson contradict this, stating the system also detects car crashes, fireworks, and sideshows. This discrepancy comes amid growing privacy concerns and public opposition to mass surveillance, leading some states and partners to sever ties with the company as advocates warn against the potential for misuse.

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Colossal Biosciences announces new AI platform to help accelerate de-extinction efforts

Startups

Colossal Biosciences has launched GenoMorph, an AI platform designed to accelerate the de-extinction of species like the dodo bird. By analyzing 3D morphology and comparative genomics, the tool identifies critical gene-editing targets when genomic data is scarce. The company has already found 2,300 potential targets for the dodo's facial structure and is utilizing Nicobar pigeons and lipid nanoparticles to test these genetic modifications.

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