Startup in Brief - News in 60 Words

LEAP India IPO: Issue Subscribed 24% On Day 1 Till Now

Fri, 07 Aug 2026 14:50:53 GMT

Logistics tech provider LEAP India’s IPO saw a 24% subscription on its first day, with employees and qualified institutional buyers showing the most interest. The company, valued at ₹7,004.5 crore, aims to list on the NSE and BSE on August 14. LEAP India reported significant growth in FY26, with net profit rising 66% to ₹62.3 crore, as it expands its supply chain solutions for diverse industrial clients.

New Tax Laws Amendment Bill Clears Path For Simpler Data Centre Incentive Regime

Fri, 07 Aug 2026 14:37:46 GMT

The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, simplifying tax incentives for foreign cloud companies to boost India's AI and data centre infrastructure. By removing separate government approval requirements and allowing leased facilities, the Bill reduces administrative hurdles and improves tax certainty. While industry leaders welcome the move, experts emphasize that power availability and infrastructure readiness remain critical for driving long-term global investments.

ixigo Crashes 13% Despite Strong Q1, JM Financial Cuts Target Price

Fri, 07 Aug 2026 14:29:57 GMT

ixigo shares dropped over 12% following Q1 FY27 earnings, despite an 81% surge in net profit to ₹34.2 crore and a 13% revenue increase. Investors and JM Financial expressed concerns over near-term margin pressure resulting from aggressive investments in AI, hotels, and strategic acquisitions like Brevistay. Consequently, JM Financial lowered its target price to ₹200, citing higher spending on growth initiatives that may delay margin expansion.

Exclusive: Peak XV’s Vice President Kriti Gupta To Leave VC Firm After Five Years

Fri, 07 Aug 2026 12:41:11 GMT

Peak XV Partners Vice President Kriti Gupta is set to leave the VC firm after five years by mutual agreement, planning to take time off. Her departure is part of an ongoing leadership reshuffle at Peak XV, which has seen multiple senior executives exit over the past two years. Gupta focused.

Wakefit starts FY27 with profitability despite cost pressures

Fri, 07 Aug 2026 12:14:57 GMT

Wakefit posted stronger Q1 FY27 revenue and profitability, driven by own-channel growth, retail expansion and improved margins despite input-cost pressures, while warning that raw material inflation could weigh on first-half FY27 performance.

How Aule Space is building a ‘jetpack’ to extend the lives of satellites

Fri, 07 Aug 2026 12:08:04 GMT

Bengaluru-based startup Aule Space is developing a "jetpack satellite" to extend the operational life of geostationary communication satellites. By docking with fuel-depleted spacecraft, Aule's technology provides propulsion, potentially saving operators hundreds of millions in replacement costs. The company, which recently raised $2 million in pre-seed funding, aims to achieve commercial deployment following a successful orbital docking demonstration scheduled for next year.

D2CX Converge Kolkata Unpacks The Playbook For Scaling India’s Next Generation Of Consumer Brands

Fri, 07 Aug 2026 11:58:03 GMT

Inc42 and Shadowfax hosted the Kolkata edition of D2CX Converge, bringing together over 60 founders and ecosystem leaders. The event featured discussions on scaling D2C brands, focusing on customer obsession, operational excellence, and omnichannel growth. Key highlights included Wow! Momo's journey to ₹1,000 Cr+ and strategies for reaching the ₹100 Cr milestone, emphasizing that sustainable growth requires disciplined execution and a deep understanding of consumer behavior.

RBI Bars Lenders From Locking Borrowers’ Devices Except For Gadget Loans

Fri, 07 Aug 2026 11:53:39 GMT

The Reserve Bank of India has prohibited banks from disabling borrowers' devices for loan recovery, unless the loan specifically financed the device. Effective January 1, 2027, lenders must obtain OEM certification and follow a graduated restriction process for financed gadgets. Essential services must remain accessible, and restrictions only begin after 30 days of default. Lenders must compensate borrowers ₹250 per hour for wrongful or delayed device restoration.

6 Books that teach lessons from ordinary everyday life

Fri, 07 Aug 2026 11:30:00 GMT

Life's most profound lessons often stem from ordinary experiences rather than dramatic events. Six books, including A Man Called Ove and The Little Prince, illustrate how simple interactions, relationships, and daily routines foster personal growth and resilience. These stories emphasize that meaning is found in small choices and connections, reminding readers that kindness, gratitude, and self-understanding are often hidden within the details of everyday existence.

Can a services firm scale like a product company? This ex-Tally CFO is betting on AI

Fri, 07 Aug 2026 11:23:31 GMT

Sathya Pramod, former Tally Solutions CFO, has rebranded his advisory firm as Northbound Advisors to pioneer an AI-native services model. By integrating a proprietary AI tool and pursuing a roll-up strategy to acquire smaller firms, Northbound aims to scale non-linearly, similar to product companies. The firm targets early-stage and midsize markets, automating routine compliance and financial tasks to increase partner capacity and delivery efficiency.

BlissClub Raises ₹160 Cr To Fuel Offline Expansion, Enter New Categories

Fri, 07 Aug 2026 11:13:49 GMT

D2C athleisure brand BlissClub has raised ₹160 Cr in a funding round led by Singularity AMC, with existing investors also participating. The capital will accelerate the startup's

7 Books that reveal the psychology of human attachment

Fri, 07 Aug 2026 11:05:00 GMT

Explore 7 books that reveal the psychology of human attachment, relationships, emotional bonds, and why we connect with others.

Edtech Klassroom’s Shares List At 7% Premium To Issue Price

Fri, 07 Aug 2026 10:31:25 GMT

Fusion Klassroom Edutech debuted on the BSE SME platform at ₹170, representing a 6.9% premium over its ₹159 issue price. The stock later reached ₹178.50. The company raised ₹39 crore through an IPO consisting of a fresh issue and an offer for sale, which was oversubscribed. Proceeds will be utilized for technology upgrades, content development, marketing, and debt repayment, testing market appetite for the edtech sector.

Athleisure brand BlissClub bags Rs 160 Cr to expand product range, retail footprint

Fri, 07 Aug 2026 09:27:42 GMT

"Bengaluru-based athleisure brand BlissClub has raised Rs 160 crore in a funding round led by Singularity AMC, with participation from founders and existing investors Elevation Capital and Eight Roads Ventures. The company plans to use the capital to expand its product categories, grow its offline retail network, and enhance product development. Since 2020, BlissClub has evolved into an omnichannel brand, recently expanding into the menswear segment.".

Why Starting Matters More Than Waiting for the Perfect Plan

Fri, 07 Aug 2026 09:00:00 GMT

Plato’s assertion that the beginning is the most important part of any work emphasizes that the first step establishes momentum and direction. While fear and perfectionism often lead to procrastination, confidence and clarity typically emerge through action rather than preparation. By focusing on small, consistent steps instead of perfect conditions, individuals can build the necessary habits and foundations required to achieve long-term success and meaningful accomplishments.

Jammu & Kashmir's startup reckoning: What the next chapter demands

Fri, 07 Aug 2026 08:34:27 GMT

Jammu & Kashmir has established a startup foundation through policy, incubators, and funding. However, the region must now shift focus from participation metrics to sustainable outcomes like revenue and job creation. Key challenges include improving market access, securing follow-on capital, and reducing geographic disparities between urban centers and remote districts. Ongoing initiatives, including investor summits and expanded university incubators, aim to build a competitive, scalable ecosystem.

Instant Help’s Fight Against Cash Burn, Pixxel’s Next Upgrade & More

Fri, 07 Aug 2026 08:00:37 GMT

Fixing Instant Services’ Unit Economics The battle for India’s instant home services is on. Players are clocking record orders, raising.

Why India’s spacetech sector is outpacing the rest of deeptech

Fri, 07 Aug 2026 07:45:00 GMT

India's deeptech sector struggles with commercialization, but spacetech has successfully scaled hardware. This success stems from a global market focus, support from ISRO and IN-SPACe, and a pre-existing supply chain. Other industries, like semiconductors, could benefit from similar government-led anchor customer models. However, Indian spacetech must still improve hardware performance and diversify markets to match global leaders and ensure long-term competitiveness.

Shiprocket trims IPO size; Cresa’s creative fix for sanitary pad disposal

Fri, 07 Aug 2026 07:30:00 GMT

India's deeptech sector is seeing growth, with Mitti Labs and Solinas Integrity securing funding and Piper Serica launching the Bharat Tech Fund. Mumbai and Hyderabad are becoming global data center hubs, though Google's Visakhapatnam project faces opposition. Shiprocket has reduced its IPO size to Rs 1,617.6 crore. Additionally, Cresa introduced biodegradable sanitary pads, while Meta reported AI security breaches and Alphabet underwent a leadership overhaul.

India’s healthcare AI race isn’t about bigger models. It’s about better diagnostics

Fri, 07 Aug 2026 07:15:00 GMT

AI is bound to have an impact on the future of medicine. But the most valuable thing that AI will do for us will definitely be beyond substituting doctors or automating clinical decisions.

OpenAI’s new AI smart speaker will reportedly sell for between $300-$400

Fri, 07 Aug 2026 04:13:53 GMT

"OpenAI is developing a premium, donut-shaped AI smart speaker in partnership with Jony Ive's LoveFrom studio. Expected to launch in 2027, the high-quality metal device will feature moving parts and a projected price between $300 and $400. While aiming to integrate ChatGPT into homes, OpenAI faces a challenging market and a lawsuit from Apple alleging the theft of trade secrets, which the company denies.".

Your table awaits: Exhibit at TechCrunch Disrupt 2026 to be seen by thousands

Fri, 07 Aug 2026 03:30:00 GMT

TechCrunch Disrupt 2026, held October 13-15 at San Francisco’s Moscone West, is offering startups an Exhibit Program to connect with over 10,000 industry leaders. For $12,500, exhibitors receive a table, ten event passes, lead generation tools, and Silver Tier branding. This opportunity allows startups to network with investors and partners. Applications are open until September 25 or until all limited tables are sold out.

Vogue just gave another nod of approval to the tech world

Fri, 07 Aug 2026 02:54:47 GMT

Vogue World will move to San Francisco next year, marking a shift toward the tech industry's cultural influence. Anna Wintour praised the city's creativity and innovation, though the move reflects Vogue's growing ties with tech billionaires and AI leaders. Previously held in fashion capitals like Paris and Milan, the event's new location highlights the intersection of high fashion and the Silicon Valley elite's evolving style.

PE Giant TPG Offloads Shadowfax Shares In ₹301 Cr Bulk Deal

Fri, 07 Aug 2026 01:44:13 GMT

Private equity giant TPG sold Shadowfax shares worth nearly ₹300.6 crore via NewQuest Asia Fund IV, diluting over 18% of its stake. This follows similar profit-booking moves by Flipkart and Eight Roads. The sales come amid a 43.5% surge in share prices over three months, driven by strong Q1 FY27 results, including an eightfold increase in net profit and a 65% year-on-year rise in operating revenue.

Google says hackers are calling financial firm employees to hack and extort victims

Fri, 07 Aug 2026 01:10:46 GMT

Google researchers report that hacking groups, possibly part of a larger collective called UNC6671, are targeting major US financial and investment firms. Using "vishing" techniques, attackers trick employees via phone calls into revealing credentials on spoofed websites. The hackers steal sensitive data to extort ransoms, often ranging from $750,000 to $3 million. One associated cryptocurrency wallet reportedly received approximately $10 million in Bitcoin earlier this year.

China-linked LightSpy spyware caught targeting victims in 13 countries, including the US

Fri, 07 Aug 2026 00:52:30 GMT

Security researchers at Arctic Wolf discovered that LightSpy, a Chinese-linked spyware, has expanded its reach to over a dozen countries, including the US and Europe. Now a commercial platform targeting governments and militaries, it can steal sensitive data, brick devices, and compromise routers, including those in NATO countries. The modular spyware operates via 117 global servers and was recently linked to a Chinese contractor through a KFC order.

Defense tech Hadrian raises $1.37B at $8B valuation

Fri, 07 Aug 2026 00:32:57 GMT

"Defense tech company Hadrian has raised $1.37 billion in a new funding round, bringing its valuation to $7.87 billion. Led by investors including WCM Investment Management and Baillie Gifford, the company has now raised approximately $2 billion in total. Hadrian focuses on automated manufacturing facilities for existing military vehicle parts rather than AI weapons, recently opening a $2.4 billion submarine parts facility in Alabama.".

Mitti Labs Bags $9.5 Mn To Make Rice Cultivation Water-Efficient

Fri, 07 Aug 2026 00:32:33 GMT

"Climate tech startup Mitti Labs has raised $9.5 million in a Series A funding round led by Aramco Ventures to expand its operations in India, the Philippines, and Indonesia. The company utilizes a GeoAI platform and alternate wetting and drying techniques to help rice farmers reduce water and methane emissions. These verified savings are then sold as carbon credits to enterprises seeking to offset their environmental impact.".

Ford needs another Taurus, and the $30K Fathom EV pickup isn’t it

Thu, 06 Aug 2026 23:11:56 GMT

Ford is launching the Fathom, an affordable EV compact pickup priced at $29,945, to revitalize its sales and compete with Chinese EVs. While CEO Jim Farley views it as a pivotal moment, the vehicle faces challenges due to the small compact truck market and strong SUV demand. Rather than a breakout hit, the Fathom may serve as a strategic test for Ford's new Universal EV platform.

Bumble teases a swipe-free future as it doubles down on IRL meetups

Thu, 06 Aug 2026 23:09:47 GMT

Bumble is shifting away from its traditional swipe model to attract Gen Z users through real-world, group-based experiences. The company recently launched "Plans," an app designed for low-pressure, in-person socializing. CEO Whitney Wolfe Heard indicated that a new, more intentional interaction model will eventually replace swiping. Despite these innovations and AI integration, Bumble faces financial challenges, with year-over-year revenue declining by 15.2% and a drop in paying customers.

ChatGPT brings unlimited text chats to free users

Thu, 06 Aug 2026 23:04:42 GMT

"OpenAI is removing text-based chat limits for all ChatGPT users, introducing the GPT-5.6 Luna model for Free and Go users. These users will also receive a 'Think' button for complex queries. Plus and Pro users gain the upgraded GPT-5.6 Sol model and a thinking slider to adjust reasoning depth. Internal tests show significant reductions in factual errors, with updates rolling out this week and next.".

IPO-Bound LEAP India Nets ₹744 Cr From Anchor Investors

Thu, 06 Aug 2026 22:53:52 GMT

Ahead of the commencement of the bidding for its public issue on August 7, logistics tech platform LEAP India has.

Naïve raises $28.5M to automate the grunt work of setting up and running a company

Thu, 06 Aug 2026 22:30:37 GMT

Naïve, a startup providing infrastructure for AI agents to automate business setup and operations, has raised $28.5 million in Series A funding led by Nexus Venture Partners. With over 30,000 developer customers, the company offers an API to provision everything from LLC formation to cloud resources. Naïve is now focusing on reducing inference costs through model routing and serverless runtimes to improve agent efficiency for enterprises.

Hacker pleads guilty to stealing data from more than 165 Snowflake customers

Thu, 06 Aug 2026 22:12:40 GMT

Canadian citizen Connor Moucka, 26, pled guilty to hacking over 165 companies and stealing billions of records. By compromising cloud provider Snowflake, Moucka accessed data from clients like AT&T and Ticketmaster, affecting millions of customers. He and his accomplices extorted $2.5 million in ransom and earned $500,000 selling data. Moucka faces decades in prison and is scheduled for sentencing on October 27 following his 2024 arrest.

TikTok lays off 250 employees, shutters its Nashville office

Thu, 06 Aug 2026 21:36:40 GMT

TikTok is laying off 250 employees and closing its Nashville office on October 5. The office, which housed content moderation staff, is being shuttered to streamline operations and align teams for long-term growth. These cuts occur as social media platforms increasingly utilize AI to monitor and remove explicit or violent content. TikTok maintains its commitment to providing a safe experience for its 200 million American users.

Google Wallet now lets parents set up secure balances for their kids

Thu, 06 Aug 2026 21:30:00 GMT

Google Wallet is introducing a new feature in the United States allowing parents to manage secure balances for children under 18. This tool enables parents to set spending limits, monitor transactions, and pause spending to teach financial literacy without requiring a bank account. Compatible with Android and Wear OS devices, the update positions Google against competitors like Apple Cash Family and specialized financial literacy startups.

Gains From Unexercised ESOP Buybacks Taxable As Capital Gains: ITAT

Thu, 06 Aug 2026 21:26:32 GMT

The Income Tax Appellate Tribunal ruled that gains from the repurchase of vested, unexercised employee stock options (ESOPs) are taxable as long-term capital gains rather than salary perquisites. This decision, stemming from a dispute involving a Flipkart executive, potentially lowers tax liabilities for employees. However, the ruling applies only to specific cancellation scenarios and adds to existing conflicting judicial views on how ESOP payouts fit into India's tax framework.

Gen Z dating apps like Ditto ditch swiping in favor of AI matchmaking

Thu, 06 Aug 2026 21:23:03 GMT

Ditto, an AI matchmaker created by UC Berkeley dropouts, aims to replace swipe-based dating apps for disillusioned Gen Z college students. By utilizing an iMessage-based onboarding process, the service matches users based on personality traits rather than surface-level hobbies. Every Wednesday, Ditto arranges a specific date time and location for pairs. With $9.2 million in seed funding and 150,000 signups, the platform focuses on removing friction from dating.

Lok Sabha Passes Taxation Laws Amendment Bill, Clearing Path To Levy MDR On UPI Payments

Thu, 06 Aug 2026 21:05:05 GMT

The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, amending the Payment and Settlement Systems Act, 2007. This allows the government to introduce merchant discount rates (MDR) on UPI transactions. Finance Minister Nirmala Sitharaman stated MDR applies only to merchants, not customers, to fund infrastructure and security. The bill now moves to the Rajya Sabha, with potential charges on business transactions exceeding ₹2,000.

Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas

Thu, 06 Aug 2026 20:51:51 GMT

Tesla and SpaceX are jointly developing "Terafab," a massive semiconductor factory in Grimes County, Texas. With an initial $16.8 billion investment, the facility will span over 100 million square feet, aiming to be the world's largest building. Terafab will produce advanced chips for Tesla's robots and Cybercabs, as well as SpaceX's data centers. The project expects to employ 3,000 people and includes contributions from Intel.

OpenAI says Apple’s own security practices undermine its trade secrets case

Thu, 06 Aug 2026 20:40:32 GMT

"OpenAI has filed a motion to dismiss Apple's trade secrets lawsuit, arguing that Apple's poor security and offboarding practices disqualify the alleged stolen information as protected trade secrets. While Apple accuses OpenAI of orchestrating a scheme to obtain confidential hardware data, OpenAI claims the lawsuit is a pretextual attempt to stifle competition and mask Apple's inability to retain top talent and innovate in AI hardware.".

Karnataka eyes Anthropic tie-up to expand AI across public service

Thu, 06 Aug 2026 20:12:11 GMT

Karnataka is exploring a partnership with AI company Anthropic to integrate artificial intelligence into public administration, education, and scientific research. Chief Minister D.K. Shivakumar discussed leveraging AI for fraud detection, cybersecurity, and secure exam preparation. The collaboration aims to enhance the state's innovation ecosystem through an AI University, skilling programs, and startup support, while prioritizing data privacy and responsible deployment to ensure inclusive public services.

Fisdom Cofounders Set To Exit Groww A Year After $150 Mn Acquisition

Thu, 06 Aug 2026 20:08:43 GMT

Fisdom cofounders Subramanya SV and Anand Dalmia are exiting Groww after a planned one-year transition following the fintech company's $150 million acquisition of Fisdom. Groww aims to scale its wealth management business, 'W', using internal leadership and promoted Fisdom executives. Financially, Groww reported a 94.3% year-on-year profit increase to ₹735 crore and operating revenue of ₹1,501.4 crore, with mutual fund assets under management reaching ₹1.9 lakh crore.

Wakefit Q1 Profit Increases 19% YoY To ₹23.4 Cr, Revenue Crosses ₹400 Cr

Thu, 06 Aug 2026 20:07:31 GMT

Wakefit reported a 19% year-on-year increase in net profit to ₹23.4 crore for the June quarter, although profit dropped 81% sequentially from ₹121.7 crore. Operating revenue grew 17% year-on-year and 18% quarter-on-quarter to reach ₹404.9 crore. Total income was ₹420.5 crore, while total expenses rose 14% year-on-year to ₹384.2 crore. Tax expenses were ₹12.9 crore, contrasting with a previous quarter's deferred tax credit.

eBay continues to bet on live shopping after record quarter

Thu, 06 Aug 2026 19:47:46 GMT

"eBay is expanding its live shopping feature, eBay Live, to compete with rivals like Whatnot and TikTok Shop. The company reported an eightfold year-over-year increase in gross merchandise volume across seven markets, with regular streamers selling three times more than others. Now offering self-service onboarding for sellers in over 300 categories, eBay plans further international expansion and product improvements to enhance discovery and bidding responsiveness.".

Reliance Brands Brings Kim Kardashian’s SKIMS to India

Thu, 06 Aug 2026 19:41:33 GMT

Reliance Brands Ltd has partnered with Kim Kardashian’s SKIMS to introduce the shapewear and lifestyle brand to the Indian market. The rollout will begin with stores in Delhi and Mumbai before expanding nationwide via offline and digital channels. This strategic move targets India's growing premium consumer segment, intensifying competition for domestic brands while leveraging Reliance's extensive retail network to accelerate the premiumisation of the local shapewear industry.

AAP Chief Alleges Meta Restricted His Account; Sources Say Action Limited To A Post

Thu, 06 Aug 2026 19:21:16 GMT

Aam Aadmi Party (AAP) chief and former Delhi chief minister Arvind Kejriwal has alleged that Meta restricted his Instagram account.

Exclusive: Practo In Talks To Acquire Healthtech SaaS Startup HealthPlix

Thu, 06 Aug 2026 19:16:13 GMT

Practo is in talks to acquire healthtech SaaS startup HealthPlix for an estimated $25 million to $30 million. This potential distress sale aims to bolster Practo's enterprise healthcare software business by integrating HealthPlix's EMR and clinical workflow solutions. The move comes as Practo prepares for a pre-IPO funding round of approximately $120 million, targeting a post-money valuation of around $700 million to expand its global healthcare operations.

Amid legal battles, Suno says it will start watermarking songs

Thu, 06 Aug 2026 19:01:57 GMT

"Suno, an AI music generator, has introduced audio watermarking, fingerprinting, and updated community guidelines to combat copycat songs and misuse on streaming platforms. Partnering with Musixmatch for copyright detection, the company aims to promote original creation. These changes arrive as Suno faces multiple lawsuits from major music labels and a class action suit following a massive data breach that exposed its model training sources.".

ixigo Q1 Profit Surges 81% YoY To ₹34.2 Cr, Revenue Up 13%

Thu, 06 Aug 2026 18:58:43 GMT

Traveltech company ixigo reported a consolidated net profit of ₹34.2 crore for the June quarter (Q1 FY27), marking an 81% increase year-on-year and a 7% rise sequentially. Operating revenue grew 13% year-on-year and 16% quarter-on-quarter to reach ₹356.8 crore. Total income for the period stood at ₹385.9 crore, while total expenses rose 15% year-on-year to ₹337.8 crore, including a ₹4 crore loss from an associate.