Veefin Gets Board Nod To Raise ₹35 Cr Debt

Source: Startup

Veefin Gets Board Nod To Raise ₹35 Cr Debt

Business • via Startup • Team Inc42

BSE SME-listed Veefin Solutions has received board approval to raise up to ₹35 crore through the issuance of non-convertible debentures via private placement. The funds will support working capital, acquisitions, and scaling efforts without diluting shareholder equity. This move follows shareholder approval for the company's migration to the mainboard listing. Veefin recently reported significant growth, with FY26 revenue surging 339% to ₹345.1 crore and net profits nearly doubling.

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Manufacturing, AI, sustainability: Test your business creativity with Edition 242 of our weekly quiz!

Startups

The 242nd edition of YourStory’s Lateral Sparks quiz highlights five entrepreneurs solving critical industry challenges. Metastable Materials recycles battery metals, while Foodwize promotes sustainable food practices. Shunya Labs develops multilingual voice AI, and SwitchOn automates manufacturing quality inspection using AI. Additionally, Groyyo optimizes fashion supply chains through a digital platform. These innovations demonstrate how technology and creative thinking address inefficiencies across diverse global sectors.

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46 years of celebration: Montreal International Jazz Festival wraps up spectacular 2026 edition

Startups

YourStory's PhotoSparks feature highlights the Montreal International Jazz Festival, a 46-year tradition celebrating jazz, blues, and global musical fusions. This year's edition emphasized jazz as a unifying force, showcasing a diverse international lineup. A detailed photo essay profiles 25 performers, including Mohini Dey, Saint Levant, and Naïka, illustrating the festival's commitment to creativity and its role in elevating Montréal on the global stage.

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Founder burnout in startups; VC inflow plummets

Startups

An OpenAI agent's hack of Hugging Face highlights AI security risks, while South Korea invests $950 billion in AI initiatives and Anthropic launches Opus 5. In India, Skyroot Aerospace's rocket reached orbit, but VC funding plummeted to $162 million. A BII survey reveals high founder burnout. Additionally, Zendaya's ancient jewelry sparked ownership debates, India pursues US trade deals, and a major media merger is paused.

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Monday.com is the latest tech company to blame AI for layoffs — here are 20 others

Startups

A running look — in reverse chronological order — at the bigger tech companies that have announced significant layoffs this year with AI as a stated factor.

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Warner Bros. lawsuit accuses Amazon of illegally poaching executives

Startups

"Warner Bros. Discovery has filed a lawsuit against Amazon, alleging breach of contract and unfair competition. The company accuses Amazon of poaching contracted employees, including HBO Max marketing executive Pia Barlow, by inducing them to violate their term employment agreements. WBD claims Amazon promised to indemnify these employees against legal action. This legal battle may spark renewed debate regarding the enforceability of such contracts under California law.".

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The hacker who humiliated spyware makers and was never caught

Startups

Phineas Fisher, a prolific and uncaught hacktivist, gained notoriety for breaching controversial spyware firms FinFisher and Hacking Team, ultimately causing the latter's collapse. Active from 2014, Phineas also targeted police, political parties, and banks, often driven by anarchist ideals or to fund activism. Despite extensive hacks and public post-mortems, their true identity remains.

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Elon Musk’s Boring Company reportedly raising funding at a $20 billion valuation

Startups

Elon Musk’s The Boring Company is reportedly seeking $4 billion in funding at a $20 billion valuation, a sharp increase from its 2022 value of $5.7 billion. While the startup operates tunnels in Las Vegas and plans expansions to Nashville and Dubai, it faces scrutiny over worker injuries and nearly 800 environmental violations. The company, which spun out of SpaceX in 2018, has also pitched projects in several major cities.

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Kalshi demands Netflix take down trailer for ‘Prediction Games’ documentary

Startups

Prediction market Kalshi has issued a cease-and-desist letter to Netflix over a trailer for the documentary "Instadocs: The Prediction Games." Kalshi alleges the trailer is defamatory and misleading, specifically regarding a bet shown during a Las Vegas party while the company is banned in Nevada. While Netflix denies fabricating footage, Kalshi claims the featured bet was actually placed in 2025, long before the court order.

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Librarians are hosting viral ‘Avoiding AI’ workshops for people who are fed up with Big Tech

Startups

Librarians in Philadelphia and Maine are hosting "Avoiding AI" workshops to help people disable AI features on their devices. Inspired by Hannah Cyrus, Charlie Bailey and others are teaching digital literacy to help users reclaim autonomy from forced AI adoption. These highly popular sessions address public frustration with intrusive technology, focusing on user agency and control rather than a total rejection of all artificial intelligence tools.

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Top Hottest AI Startups in Silicon Valley Right Now

Startups • via Startupinbrief •

Silicon Valley remains the epicenter of tech innovation, powered by the hottest AI startups in Silicon Valley. Category-defining leaders like Anthropic, Perplexity, Glean, and Cognition are revolutionizing everything from search and autonomous coding to enterprise workflows. Driven by massive VC backing and breakthrough agentic models, these pioneers are reshaping how we work and building the next tech frontier.

Swiggy Plummets, BlueStone Soars Amid Bearish Week For New-Age Tech Stocks

Business

India's new-age tech stocks faced a bearish week, with combined market capitalization falling to $138.25 billion. Geopolitical tensions and quarterly earnings drove volatility, leaving 43 of 59 tracked stocks in the red. Swiggy was the biggest loser, dropping over 9% due to foreign ownership caps. Conversely, BlueStone surged nearly 29% following strong quarterly profits. Other notable events included InMobi's planned $1 billion IPO and Ather Energy's capital raise.

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One fallen power line exposed a growing AI data center problem. Here’s how to fix it.

Startups

A power line failure near Washington, DC, caused a voltage spike across the PJM grid after over 3 gigawatts of data centers simultaneously switched to backup power. This event caused regional light flickering and took ten minutes to stabilize. Experts warn that as data centers' grid demand grows, such disruptions will increase unless facilities implement "ride-through" technologies or more orderly disconnection processes to maintain electrical balance.

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5 Books that teach you how to live with fewer expectations

Startups

Modern life often creates frustration through unrealistic expectations of happiness and success. Five influential books—The Happiness Trap, Wintering, The Wisdom of Insecurity, The Things You Can See Only When You Slow Down, and When Things Fall Apart—offer strategies for finding peace. These works encourage readers to embrace uncertainty, accept difficult emotions, and practice mindfulness, suggesting that true contentment arises from accepting reality rather than demanding perfection.

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Can Parliamentary Panel’s Latest Recommendations Break Crypto Policy Deadlock?

Business • via Startup • Anjali Jain

For years, India’s approach towards cryptocurrencies has largely revolved around taxation, anti-money laundering (AML) compliance and transaction reporting, while a.

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India has cracked rocket science. Now comes the hard part: Rocket Economics

Startups

Skyroot Aerospace's successful Vikram-1 launch makes India the third nation with private orbital capability. While engineering success is significant, the focus now shifts to commercial viability. To avoid the failures of Western startups, India is building a robust ecosystem driven by government procurement, such as the SBS-3 program. With institutional support and growing global contracts, India aims for a $44 billion space economy by 2033.

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From Zetwerk To Veriqus — Indian Startups Raised $209 Mn This Week

Business • via Startup • Lokesh Choudhary

Indian startups raised $209.1 million across 14 deals from July 18 to 24, a 26% decrease from the previous week. The decline was primarily due to lower deal volume, though four rounds exceeding $40 million accounted for over 80% of the total. Enterprise Services and Enterprisetech led funding, while AI activity plummeted. Additionally, InMobi is planning a $1 billion IPO, and Ather Energy raised ₹1,300 crore through a QIP.

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Preparing the workforce for agentic AI and autonomous systems

Startups

Artificial intelligence is evolving from simple productivity tools to autonomous agentic systems capable of reasoning and executing complex workflows. While Gartner predicts AI will handle 15% of work decisions by 2028, a significant skills gap persists. To remain competitive, organizations must shift from one-off training to continuous, role-based education, focusing on human-AI collaboration, governance, and critical thinking to effectively integrate these powerful technologies into the workforce.

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How to run B2B GTM when your buyer asks ChatGPT first

Startups

In this episode of the Prime Venture Partners podcast, Alon Waks, CMO at SpotDraft, talks about what actually works when Indian founders enter the US, and how AI is changing the shape of B2B buying itself.

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How technology is slowly reshaping India's entrepreneurial backbone

Startups

The most interesting shift I've watched over the last two years isn't in how MSMEs use technology; it's in how technology has started to see them.

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Big win for OpenAI; A tail of promise

Startups

The Union Cabinet approved a bill for stricter paper leak penalties, while Odisha partnered with HCL and Sarvam AI for a Rs 15,000 crore data center. In technology, WhatsApp Pay surpassed CRED in UPI volumes, and Intel reported record revenue growth. Additionally, the Delhi High Court granted OpenAI an interim victory in a copyright dispute with ANI, and Meta launched a new "Seller" app for Facebook Marketplace.

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