Why we hesitate: Seneca on courage and taking action

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Why we hesitate: Seneca on courage and taking action

Startups

Discover how Seneca's timeless wisdom reveals that courage comes before confidence and why daring action makes difficult things easier.

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Adiabatic Technologies raises Rs 8.3 crore to power robots and drones

Startups

Adiabatic Technologies has raised Rs 8.3 crore in seed funding led by Malpani Ventures and Avinya Ventures to scale its lithium-ion battery systems. The company specializes in custom battery packs and proprietary battery management systems for robotics, drones, and defense sectors. The capital will expand manufacturing capacity to 100 MWh annually and accelerate product development, focusing on high-performance engineering for demanding industrial environments across India.

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The Devil In The Agent

Business

Imagine an AI agent at an Indian bank tasked with reconciling a failed transaction. In trying to complete the job,.

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MapmyIndia profit rises 8.6% to Rs 49.7 Cr in June quarter

Startups

CE Info Systems, operating as MapmyIndia, reported a consolidated profit of Rs 49.7 crore for the first quarter ended June 30, 2026, marking an 8.6% increase. Revenue grew 14.9% to Rs 139.7 crore. The company is expanding its AI-powered deep-tech geospatial and IoT capabilities. Additionally, Rohan Verma has been appointed as Joint Managing Director effective July 1, 2026, subject to shareholder approval.

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Freshworks Turns Profitable In Q2, Revenue Up 16% YoY To $237.4 Mn

Business

Nasdaq-listed SaaS major Freshworks reported a net profit of $3.2 Mn in the second quarter ended June 30 (Q2 CY26).

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Apple India FY26 revenue grows 20% to near Rs 1 lakh Cr

Startups

Apple's revenue in India surged over 20% in FY26, nearly reaching Rs 1 lakh crore, driven by a 24% increase in iPhone shipments to 14 million units. This growth is attributed to expanded retail presence, local manufacturing, and flexible financing. While supply constraints and rising component costs may lead to price hikes, analysts view India as a critical growth market with significant long-term potential for Apple.

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SAIF Partners, Elevation Capital sells 2.3% stake in Paytm for Rs 2,038 Cr

Startups

"Private equity firms SAIF Partners and Elevation Capital sold a combined 2.33% stake in One 97 Communications, the owner of Paytm, for Rs 2,038 crore. The block deal involved 1.49 crore shares sold at an average price of Rs 1,367.80. Various domestic institutional investors and global firms purchased the shares. Following the transaction, One 97 Communications' shares closed nearly 1% lower at Rs 1,400 on the National Stock Exchange.".

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Nykaa’s Q1 Snapshot, Klassroom Wraps Up IPO & More

Business

Nykaa reported a strong Q1 FY27, with net profits jumping three-fold to ₹79.8 crore and revenue rising 29%. Its fashion business turned EBITDA positive, while the company expanded its quick commerce reach. Other highlights include Klassroom's oversubscribed IPO, MapmyIndia's 6.3% profit growth, and Vaaree raising $6.8 million. Additionally, Mintoak acquired ICC Loyalty,.

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Nykaa net profit soars over 3X; VC funding remains modest

Startups

Former Swiggy and Zomato leaders launched Profound, an AI assistant startup. Nykaa reported a threefold profit increase to Rs 79.76 crore and is acquiring Aminu. Meanwhile, Nazara Technologies faced a net loss, and Indian VC funding dropped to $804 million in July. Other highlights include JioBlackRock's new Nifty 50 ETF, Amazon's $21-billion cloud investment in India, and Apple's legal battle with OpenAI over trade secrets.

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Elon Musk repeatedly one-upped his execs on SpaceX’s first earnings call

Startups

During SpaceX's first earnings call, Elon Musk made ambitious predictions regarding the company's future, including reaching $1 trillion in revenue by 2030 and Starlink providing most of the world's internet within a decade. While Musk claimed Starship human flights could begin next year, executives provided more tempered, cautious projections. As a public company, these divergent claims raise potential regulatory concerns regarding investor expectations and corporate accountability.

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Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis

Startups

Lucid Motors CEO Silvio Napoli has launched an "operational reset" to reduce cash spending by $1.4 billion and stabilize the company's finances. The plan includes significant layoffs, leadership changes, and cost-cutting measures to extend liquidity into 2027. Key growth priorities include a mid-sized electric vehicle, a Saudi Arabian factory, and a robotaxi partnership with Uber and Nuro, aiming for profitability despite a recent $1.26 billion quarterly loss.

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How to get the best hotel deals for TechCrunch Disrupt 2026

Startups

"TechCrunch Disrupt 2026 will take place from October 13 to 15 at Moscone West in San Francisco. To assist attendees, the event has partnered with several nearby hotels, including the Hyatt Regency and InterContinental, to offer discounted rates with flexible cancellation policies. Additionally, a limited-time flash sale provides $100 off tickets until August 7, and discounts are available for registering teammates to join the experience.".

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SpaceX has bought $329M worth of Tesla Megapacks so far this year

Startups

SpaceX has increased its investment in Tesla Megapacks, spending $329 million this year to support data centers for its merged AI entity, xAI. These industrial batteries provide critical backup power and stabilize energy demands for GPUs. Additionally, SpaceX reported purchasing $131 million in Tesla Cybertrucks. These transactions highlight the deep operational and financial integration between Elon Musk’s various companies, including Tesla, SpaceX, and xAI.

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SpaceX doubles revenues on Anthropic and Google compute deals, Starlink growth

Startups

"SpaceX reported a 92% revenue increase, growing from $4 billion in Q2 2025 to $7.8 billion in Q2 2026. This growth was driven by Starlink and AI computing deals with Google and Anthropic. Despite the largest IPO in history and a $1.75 trillion valuation, the company's shares have fallen below the $135 IPO price, closing recently at over $125 before dropping further in after-hours trading.".

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Android app developers may be unwittingly sharing their users’ location data with advertisers

Startups

The Electronic Frontier Foundation (EFF) warns app developers that third-party code (SDKs) in their apps often collect users' precise location data by default. When users grant location permission to an app, embedded SDKs inherit this, sharing sensitive data with advertisers and data brokers, often without the developer's knowledge. This information can be sold to governments and intelligence agencies, posing significant privacy risks. The EFF urges developers to disable unnecessary data collection to protect user privacy.

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Open-weight AI models are catching up to the frontier. The safety gap remains.

Startups

A new SaferAI report finds Z.ai's open-weight GLM-5.2 approaches frontier AI capabilities while lacking key safety mitigations, renewing concerns that powerful open models could outpace governance and safeguards.

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Anthropic signs $10 billion deal with AI cloud startup Volta

Startups

"Anthropic has reportedly entered a $10 billion, six-year agreement with AI cloud startup Volta to expand its compute capacity. In partnership with Bitdeer, Volta will develop a 133-megawatt data center in Norway powered by Nvidia’s Vera Rubin systems. This move follows recent compute deals with SpaceX and Amazon as Anthropic aggressively scales its infrastructure to remain competitive against other major AI labs in the industry.".

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Meet Wrinkles, an AI app that uncovers the hidden stories of the places around you

Startups

"Wrinkles is a new AI-powered audio tour app for iOS and Android that uses location data to share local history and hidden stories. Founded by David Stemler and Ryan Hansan, the app features 1.3 million points of interest across 177 countries. It allows users to explore surroundings hands-free, ask questions, and save personal memories. The service remains free for users, generating revenue through business partnerships.".

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Nvidia doesn’t mess around: A week after open AI industry group formed, it’s already showing progress

Startups

The Nvidia-led Open Secure AI Alliance (OSAA), comprising over 120 companies, has launched the Shared AI Findings Exchange (SAFE) to improve AI cybersecurity. Managed by The Linux Foundation, the group focuses on confidential incident reporting and sharing open-source security tools. While industry giants like Microsoft and Intel have joined, OpenAI and Google remain absent. The initiative aims to bolster the U.S. open AI ecosystem against global threats.

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Elevation Capital Offloads Paytm Shares Worth ₹2,038 Cr

Business

Elevation Capital offloaded Paytm shares worth ₹2,038 crore through bulk and block deals at an average price of ₹1,367.8. The VC firm's move follows Paytm's strong Q1 FY27 results, which saw net profit surge 79% to ₹220 crore. Various domestic mutual funds and international investors, including Goldman Sachs and Morgan Stanley, purchased the shares. Additionally, Elevation Capital sold Meesho shares worth ₹974.6 crore in a separate block deal.

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