Zaggle To Acquire 20% Stake In Unobanc To Bolster Cross-Border Payments

Business • Shrishti Bisht

"Zaggle Prepaid Ocean Services plans to invest up to ₹7.97 crore to acquire a 19.9% stake in Unobanc, a provider of digital cross-border payment and remittance infrastructure. This strategic move aims to enhance Zaggle's forex and remittance capabilities for corporate and retail clients. Unobanc holds an FFMC licence and RBI approval for an AD Category-II licence. The transaction is expected to close within 90 days.".

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Startups • Zack Whittaker

"A cyberattack on AI music generator Suno in November 2025 compromised the personal data of over 55.3 million users, including contact details and partial payment information. The breach also leaked source code revealing that Suno scraped millions of songs from platforms like YouTube to train its AI, fueling ongoing copyright lawsuits from record labels. Suno has not yet notified affected users or publicly acknowledged the incident.".

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Startups • Lauren Forristal

Paramount, led by David Ellison, won a bidding war to acquire Warner Bros. Discovery for $111 billion, beating a lower offer from Netflix. The massive deal includes HBO, CNN, and various studios. Although the Department of Justice approved the merger in June, a coalition of twelve state attorneys general filed a lawsuit on July 13. Consequently, a federal judge has paused the transaction until August 3.

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Startups • Zack Whittaker

"Incoming UK Prime Minister Andy Burnham has scrapped a controversial digital ID card scheme introduced by his predecessor, Keir Starmer. The government will redirect the projected £1.8 billion cost toward tax cuts to lower household electricity bills during the cost-of-living crisis. The plan faced significant public opposition, with nearly 3 million people signing a petition citing surveillance concerns, echoing a similar failed initiative from the 2000s.".

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Startups • Amanda Silberling

Xteink has released the X4 Pro, a compact e-reader weighing 72g and measuring 5.95mm thin. Improving upon previous models, it now features a touchscreen and a front light for better usability. The device supports .epub files via micro SD and offers long battery life, though it uses a magnetic pogo charger instead of USB-C. Priced at $99, the X4 Pro is available exclusively on Xteink’s website.

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Startups • Ivan Mehta

"Deezer reports that AI-generated music now accounts for over 50% of daily uploads, peaking at 90,000 tracks per day in June 2026. To combat fraud and protect artists' rights, the company will remove AI tracks that have not been streamed for six months or are linked to fraudulent activity. This move comes as streaming services struggle to establish a consensus on managing AI-generated content across platforms.".

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Startups • Dominic-Madori Davis

Bluecore Energy, a maritime nuclear startup founded by Kofi Asante, has raised $10 million in pre-seed funding led by Slauson & Co. The company is developing floating barges equipped with small modular nuclear reactors to provide clean electricity to ports, infrastructure, and AI data centers. Using water-cooled technology, these mobile power plants aim to support thousands of homes while minimizing environmental impact and community resource strain.

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Myntra is integrating artificial intelligence across its marketplace to enhance seller onboarding, customer experience, and internal operations. Seller setup time has dropped from 15 days to two, aided by automated catalogue creation and AI imagery. Customers benefit from improved size recommendations and virtual try-on tools. Internally, AI-driven analytics and support assistants are increasing efficiency, collectively reducing friction throughout the company's entire fashion ecommerce ecosystem.

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Bengaluru-based startup AquaAirX has developed AVATAAR, India's first amphibious drone capable of transitioning between air and water. Designed for coastal security and commercial use, the system integrates aerial surveillance with underwater sonar to detect threats like smuggling and combat swimmers. Supported by a Rs 12.5 crore seed round from Rainmatter, the company aims to replace separate aerial and underwater fleets with a single, cost-effective intelligence platform.

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Bengaluru-based startup NeuralZome Cybernetics is simplifying robot deployment in unstructured outdoor environments like farms and orchards. Using its no-code AI agent, NeuralPilot, and the RedPill simulation platform, non-specialists can train robots without complex programming. The company offers robots-as-a-service, utilizing its Chitti ATV for precision agriculture. Having raised $2.6 million, NeuralZome aims to scale manufacturing and expand into North American and European markets.

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Hyderabad-based startup Harvested Robotics has developed RAKSHAK, a tractor-mounted robot that uses computer vision and high-power lasers to eliminate weeds without chemicals. Aiming to reduce weeding costs by half and protect soil health, the company targets the Indian agricultural market. Recently raising Rs 5 crore in seed funding, the startup plans to distribute its technology through dealerships to help farmers avoid expensive labor and harmful herbicides.

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Bhubaneswar-based deeptech startup BonV Aero develops heavy-lift electric drones to solve high-altitude logistics challenges for the Indian Army in the Himalayas. Their flagship autonomous drone, Air Orca, carries payloads up to 19,000 feet using AI for navigation and maintenance. Already generating revenue and backed by investors like Tim Draper, the company is expanding production via a new drone park to eventually enable human transport.

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Startups • Your story

Many people follow societal "default settings" regarding success and productivity without questioning them. Five influential books—Four Thousand Weeks, The Pathless Path, Walden, The Courage to Be Disliked, and Die with Zero—challenge these assumptions. By exploring themes of time, unconventional careers, simplicity, authenticity, and experience over wealth, these works encourage readers to examine their guiding beliefs and make more deliberate, personal choices about how to live.

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Business • Akshit Pushkarna

"IndiaMART reported a 12% year-on-year increase in Q1 FY27 net profit to ₹172.2 crore, with operating revenue rising 11% to ₹414.4 crore. While the core marketplace grew 9%, its accounting software arm, Busy Infotech, saw a 49% revenue surge. Additionally, the company's board approved the creation of IndiaMART Finance, a new subsidiary focused on providing short-term working capital lending to enhance customer engagement and diversify services.".

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Business • Palak Sharma

Cent, a Bengaluru-based D2C preventive healthcare startup founded by former executives from Practo, Ola, and Lenskart, offers a comprehensive full-body diagnostic protocol. For ₹27,500, the company uses AI-enhanced MRI and other scans to detect cardiac, cancerous, neurological, and metabolic conditions early. Having raised approximately $5 million, Cent currently operates three centers in India and plans to expand to 25 more across major cities.

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Startups • Tim Fernholz

Gritt, a robotics startup, has raised $34 million to automate solar panel installation using AI and off-the-shelf hardware. By addressing labor shortages, Gritt's systems significantly increase installation speeds, potentially boosting daily output from 800 to 4,000 panels per crew. The company is currently contracted for 2.8 gigawatts of solar installations and plans to expand its AI capabilities into other labor-intensive construction tasks and site management.

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Business • Anjali Jain

BlueStone reported a net profit of ₹6 crore in Q1 FY27, a significant turnaround from a ₹34.7 crore loss last year. Driven by 50% year-on-year revenue growth to ₹736.8 crore and 39% same-store sales growth, shares surged up to 20%. The company plans to expand its store network to 706 outlets by FY30, targeting annual revenues of ₹12,000 crore through its omnichannel model and lifestyle jewellery focus.

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Business • Akshit Pushkarna

AI cloud provider E2E Networks reported a net profit of ₹43.9 crore for the first quarter of FY27, reversing a net loss of ₹2.8 crore from the previous year. Profit grew sixfold sequentially from ₹6.4 crore. Operating revenue rose to ₹156.8 crore, marking a 3.3X year-on-year and 64% quarter-on-quarter increase. Total income reached ₹168.2 crore, while total expenses doubled year-on-year to ₹109.6 crore during the period.

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Startups • Your story

Bengaluru-based Transition VC has launched its second fund with a target corpus of Rs 1,500 crore, following a successful first fund that achieved a 57% internal rate of return. The firm plans to invest $2-5 million each in over 20 engineering-led startups over four years. Expanding its focus, the fund will target energy transition, advanced manufacturing, and global exports, specifically supporting companies in the underserved "missing middle" stage.

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Startups • Your story

Formula 1's revenue model, managed by Liberty Media, is highly diversified, reaching a record $3.87 billion in 2025. Key income streams include media rights, sponsorships, and hosting fees paid by circuits or governments. While traditional European tracks rely on ticket sales, Gulf states pay significant premiums for global visibility. This structure transforms F1 into a media and sponsorship company where races serve as interchangeable inputs for financial growth.

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Categories

Zaggle To Acquire 20% Stake In Unobanc To Bolster Cross-Border Payments

AI music generator Suno breach affects 55M users, per Have I Been Pwned

What to know about the landmark Warner Bros. Discovery sale

UK government scraps plans for digital ID cards after millions of Brits opposed

The Xteink X4 Pro could be the tiny e-reader of your dreams

Music streamer Deezer says more than 50% of daily uploads are AI-generated

Bluecore Energy raises $10M to build portable nuclear reactors on barges

Inside Myntra's AI playbook: Faster seller onboarding, smarter shopping, leaner operations

One machine, three domains: This Bengaluru drone flies, swims and dives

NeuralZome builds no-code AI that lets anyone train a robot without writing code

Two engineering students built a robot that zaps weeds with lasers instead of spraying them

BonV Aero builds heavy-lift drones that fly cargo where vehicles can't go

5 Books that make you question your life's default settings

IndiaMART Q1: Profit Rises 12% YoY To ₹172 Cr, Plans Lending Foray

Can Cent’s One-Scan Protocol Outdo India’s Legacy Preventive Healthcare Players?

Gritt exits stealth with $34 million for robots to build solar plants—then, everything else

BlueStone Zooms 20% After Reporting Third Consecutive Profitable Quarter

E2E Networks Reports ₹44 Cr Profit In Q1, Revenue Zooms 3.3X YoY

Transition VC launches Rs 1,500 Cr Fund II

F1’s real business: why Qatar pays $55 million a year to host a race