Breaking startup & business news from India.
Quick commerce and AI led India's startup funding on Tuesday, with three disclosed rounds totalling about $11.6 million. Bengaluru's Fixxly raised the largest cheque, a $5.5 million seed for building-materials quick commerce, followed by AI startup Revspot's $4.8 million Series A.
Restaurant operators in Bengaluru have planned a boycott of Swiggy from August 15, citing that hefty commissions, sharp discounts and unfair deductions are affecting their companies. The associations have asked open pricing, fair contracts, dedicated relationship managers and more.
Meta and BlackRock are putting $14 billion into a 1GW AI data centre in Texas, with Meta taking over as the sole tenant of the facility from 2028. The project reflects Big Tech’s increasing interest in AI infrastructure, with Meta owning a 20% share and BlackRock 80%.
More than 1,100 staffers at OpenAI, Anthropic, Google, Meta, Microsoft and other top AI startups have requested the White House to bolster AI safety laws and limit the rollout of frontier AI. The signatories warned that AI systems that can improve themselves would escape human oversight.
Anicut Capital, an alternative asset management company managing multiple AIFs across both debt and equity strategies, has launched its Grand Anicut Seed Fund (GASF). With a target corpus of ₹175 Crore and a Greenshoe option of ₹75 Crore, this is Anicut’s second fund for Early-stage Investments. This fund is
In a post, the company said its rogue AI agent had spread its breach beyond Hugging Face, infecting a customer account at Modal Labs via an insecure endpoint. Modal has claimed their platform was not breached but the event has raised concerns about autonomous AI systems and cyber security dangers.
Gold and silver rate today in India, 29 July 2026: 24K gold held nearly flat at ₹1,42,390 per 10g while silver rose 0.77% to ₹2,18,140 per kg. Markets are in wait and watch mode ahead of the US Fed rate decision tonight. Check city wise gold and silver rate today and MCX data.
Hegdinvst, a Chennai-based alternative investment manager, has raised $1.3 million (₹11.5 crore) in a Series A funding round, exceeding its initial target of $1.1 million (₹10 crore). The round was backed by a select group of domestic and international high-net-worth individuals (HNIs), reflecting growing confidence in the
NPCI has asked UPI apps and partner banks to hide cellphone numbers and other personal details to strengthen user privacy starting September 4. The action is in line with the Digital Personal Data Protection Act and strives to minimise risks of privacy and identity theft.
The Delhi High Court has ordered the winding up of Paytm Payments Bank in proceedings started by the RBI, marking the final stage of its liquidation following extended regulatory action. The court has designated former SBI executive Girikumar M Nair as the official liquidator.
Adani Ports and Special Economic Zone (APSEZ) is apparently looking to buy a majority position in Associated British Ports (ABP), the UK’s largest port operator, to grow its worldwide maritime reach. The purchase is for stakes held by Canada pension funds OMERS and CPPIB.
French labour authority DRIEETS Ile-de-France has penalised Infosys to the tune of €175,000 (approximately INR 2 crore) for non-compliance with French labour rules concerning the maintenance of employee working time records.
Deep tech, student housing and bioenergy drew early-stage capital in today's roundup, with three disclosed rounds worth a combined ₹42 crore. Bengaluru's Yaanendriya led the day, raising ₹15 crore in seed funding from Piper Serica for indigenous navigation and sensor systems. In news, Snitch acquired women&
Tata Power to start construction of 10 GW solar wafer & ingot manufacturing factory in Odisha in October, eyes commercial ops by January 2028 The project also adds to India’s semiconductor and clean energy ecosystem with the help of governmental incentives.
Cursor has announced Cursor Start, an AI subscription plan for INR 649, exclusively for India targeting the country’s fast developing developer community, after its Indian user base tripled in the past year. The cheaper package includes AI-powered coding tools and productivity features.
Health-tech startup Temple, founded by Deepinder Goyal, is looking to raise fresh funding at a $500 million valuation as it gears ready to launch its first AI-powered wearable at a price of 80,000. The forehead-mounted device records advanced physiological data with a patented “entropy”.
Gold and silver rates today in India, 28 July 2026: 24K gold fell 0.71% to ₹1,42,810 per 10g and silver dropped 1.63% to ₹2,18,170 per kg on profit taking ahead of the US Fed meeting. Check city wise gold and silver rate today and MCX data.
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Zepto is talking to anchor investors ahead of its IPO to improve market interest, and has set a revised post-money valuation of about $3 billion. The proposed offering will have a primary issue of INR 5,000 crore and an offer-for-sale component of a limited size.
SNITCH, one of India's fastest-growing fashion and lifestyle brands, has acquired Berrylush, marking its strategic entry into the women's fashion category. The move represents a significant milestone in SNITCH's growth journey as it expands beyond menswear to build a multi-brand fashion business. Rather than
Johnson & Johnson has agreed to a $5.5 billion settlement that will address over 76,000 cases claiming that its talc-based products caused ovarian cancer, a major step toward concluding a decade-long court struggle. The deal covers most outstanding claims, with payments starting in 2027.
🗞️ Funding Roundup
Welcome to StartupTalky’s 2026 Indian startup funding updates. This article provides a clear and easy overview of the latest startup funding news in India throughout the year. Our weekly funding tables, updated regularly, track how much funding each startup has raised, the sectors they operate in, the key investors
The Indian government has authorised RBI’s plan to begin field trials of one billion polymer INR 10 and INR 20 banknotes, which will lead to their regular issue if the trials are successful. Polymer notes are projected to be more durable and resistant to weather.
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The FSSAI does not recognise the phrase ‘energy drink’ as a permitted category. India has ordered Pepsi, Red Bull, Monster, Reliance and Hell Energy to remove the term ‘energy drink’ from product labels within 90 days.
Mobility and logistics led the day's dealflow, with two rounds totalling about ₹115 crore. Omega Seiki Mobility raised ₹50 crore. On the news front, IPO-bound PhonePe reported a widened FY26 net loss of ₹2,792 crore, and the Bombay High Court allowed Union minister Nitin Gadkari to sue
India's digital economy has transformed the way consumers save, invest, transact, and borrow. Over the past decade, digital payments have moved from being an emerging convenience to becoming an integral part of daily financial activity. Unified Payments Interface (UPI) transactions, mobile banking platforms, digital wallets, and online financial
Nvidia is allegedly in talks to give a $250 billion financial assurance for OpenAI’s mammoth AI data center project in Ohio, perhaps one of the largest AI infrastructure finance deals on record. The initiative, which would include Nvidia AI chips, may cost more than $500 billion in total.
Flying Flea has increased its dealer network in Bengaluru from one to 11, boosting its retail and service presence before a broader roll-out across India. The electric motorcycle manufacturer has opened six dealerships with five more to open in early August.
The new CBDT standards under the Income Tax Act have boosted crypto tax compliance in India, moving the country closer to the OECD’s Crypto-Asset Reporting Framework (CARF). The laws do not introduce new taxes, but rather increase tax reporting obligations.
Gold and silver rates today in India, 27 July 2026: 24K gold rose 0.65% to ₹1,44,710 per 10g and silver jumped 0.85% to ₹2,24,770 per kg as Comex gold climbed above $4,100. Both metals now above their month ago levels. Check city wise gold and silver rate today and MCX data.a
Bank of Baroda is investigating claims of a 1TB data breach posted on the dark web, allegedly containing sensitive customer information, including Aadhaar numbers, loan records and banking documents. Cybersecurity specialists raised the alarm.
NVIDIA to spend $1 billion in NAVER to grow South Korea’s AI infrastructure and boost the capacity of the GAK Sejong AI data centre to 200 MW by 2028. The collaboration will leverage NVIDIA’s high-end Blackwell and Vera Rubin GPU platforms.
A CAG audit has detected a loss of INR 12.86 crore to West Bengal Industrial Development Corporation (WBIDC) on account of allotment of land to Flipkart’s logistics subsidiary, Instakart Services, at Haringhata Industrial Park. Audit discovered that WBIDC miscalculated land price.
🗞️ Funding Roundup
Welcome to StartupTalky’s 2026 US funding updates. This article offers a clear and structured overview of the latest investment activity in the United States throughout the year. Our weekly funding tables, updated regularly, track how much funding companies have raised, the industries they operate in, key investors involved, and
Gold and silver rates in India are steady today, 26 July 2026, with 24K gold at ₹1,43,760 per 10 grams and silver at ₹2,22,850 per kilogram. Both metals remain up strongly for the week as MCX stays shut for the weekend. Check city-wise rates and this week's price trend inside.
Gold and silver rates in India are steady today, 25 July 2026, with 24K gold at ₹1,43,750 per 10 grams and silver at ₹2,22,830 per kilogram. Both metals are up strongly for the week as MCX stays shut for the weekend. Check city-wise rates and this week's price trend inside.
HCLTech has signed an MoU with Odisha Government and Sarvam for setting up of Global Technology Center and AI Data Center at Odisha Sovereign AI Park in Bhubaneswar. The initiative is projected to produce 5,000 jobs and bolster India’s sovereign AI ecosystem and is likely to be operational by 2028.
There were no fresh startup funding rounds to report on 24 July 2026, with the day led instead by strategic and policy moves. HCLTech signed an MoU to build a ₹14,257 crore (~$1.5 billion) AI data centre in Odisha alongside Sarvam AI. Flipkart confirmed it will enter food
Flipkart to launch trial for online meal delivery in India, stepping up competition with Swiggy, Zomato. Backed by Walmart, Flipkart is part of ONDC’s network and is hoping to differentiate with better selection, service, reliability and customer experience rather than price.
Smaller UPI apps have approached the National Payments Corporation of India (NPCI) to reconsider its planned UPI Meta architecture, cautioning that it could lead to increased dominance of PhonePe and Google Pay and stifle competition.
Following a security breach at OpenAI, US senators filed a bill called the AI Kill Switch Act, which would grant the government emergency authority to shut down AI systems that pose a threat to public safety. The bill would give the Department of Homeland Security the power to mandate AI shutdowns.
Gold and silver rate today in India, 24 July 2026: 24K gold held nearly flat at ₹1,43,270 per 10g while silver rose 0.71% to ₹2,21,310 per kg. Both metals end the week positively after a strong recovery from July lows. Check city wise gold and silver rate today and MCX data.
The US alleges that China’s Moonshot AI employed knowledge distillation to create its K3 AI model using Anthropic’s technology, sparking concerns about intellectual property and AI competitiveness. China has strongly denied the allegations.
The Indian government has reduced FDI regulations to allow inventory based e-commerce for exports, enabling foreign backed enterprises to sell Indian created products directly in global marketplaces. The policy intends to enhance exports, provide more chances for the manufacturers in India.
The European Union has fined Google €890 million ($1 billion) under the Digital Markets Act (DMA) for allegedly giving preferential treatment to its own services in search results and restricting app developers on the Google Play Store.
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Banking software led today's dealflow, with BusinessNext raising $40 million from ServiceNow Ventures at a $700 million valuation. Healthtech, insurtech, agritech and field services also drew capital across six rounds tracked today. CARPL.ai secured $10 million in Series A from IFC to scale its AI medical imaging
CARPL.ai, the world's largest radiology AI marketplace and enterprise platform, has raised a Series A round of USD 10 million led by International Finance Corporation (IFC), the private sector arm of the World Bank Group, with participation from Stellaris Venture Partners and other investors. The funding will
Uber has let go of 10% of its Customer Support (Community Operations) team in an operational restructuring that the company is implementing with a focus on integrating AI, streamlining processes, and creating better collaboration.
PhysicsWallah Offers Fee Waivers for Wards of Indian Navy Personnel and Full Fee Waiver for Wards of Martyrs.
Temasek is looking at investing in the Indian Premier League (IPL), a sign of growing global interest in one of the world's most lucrative sporting leagues. Singapore's sovereign wealth fund is joining private equity firms and wealthy investors in chasing Indian Premier League clubs.
JPMorgan Chase is looking to hire 1,000 IT specialists for its India worldwide Capability Centre (GCC) in areas like AI, cloud architecture, cybersecurity and data engineering, even as it cuts jobs in some worldwide operations driven by AI.
Gold and silver rate today in India, 23 July 2026: 24K gold fell 0.88% to ₹1,45,080 per 10g and silver dropped 1.83% to ₹2,23,530 per kg as profit booking set in after a three-day rally. Check city wise gold and silver rate today and MCX data.
IAN Alpha Fund, the second in the series of IAN Group’s VC funds, has co-led the ₹32.5 Crore funding round of Farm Watt Innovations, along with Rainmatter. The fresh capital will be utilised to strengthen the supply chain for India's rapidly expanding bioenergy sector, increase the
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* NeuralKart is building the decisioning layer for risk, an AI-Insurtech company that automates enterprise workflows for insurance and industrial safety through two AI platforms: InsureMind (insurance operations automation) and FieldSense (industrial safety and inspection). * The funds will be deployed for product development and AI/ML engineering across InsureMind and FieldSense,
BUSINESSNEXT, an autonomous operating platform for banking and financial services, has raised USD 40 million in Series C from ServiceNow Ventures, valuing the company at USD 700 million. The partnership with ServiceNow will help strengthen BUSINESSNEXT’s autonomous banking capabilities and accelerate the adoption of Private AI across banking and
The funding will accelerate AI-powered personalised learning tools, deepen hyperlocal community-led expansion, and strengthen UpKraft’s technology and operations teams.
Amazon has laid off workers in its Artificial General Intelligence (AGI) division, joining a wave of cuts at the company as it refocuses on high-impact AI efforts. Even as it slashes its workforce, the company is still investing in AI infrastructure.
AMD is set to invest up to $5 billion in Anthropic, part of a strategic partnership in AI infrastructure. Anthropic will install 2 GW of AMD Instinct MI450 GPUs in AMD Helios rack-scale systems to increase compute capacity for their Claude AI models.
Paras Defence to set up a greenfield OSAT (Outsourced Semiconductor Assembly and Test) facility in Indore-Ujjain corridor of Madhya Pradesh with an investment of INR 6,200 crore through its subsidiary Paras Semiconductors.
Singaporean investment firm Temasek aims to boost its investments in India, choosing AI, healthcare, financial services and consumer firms as its key long-term growth areas.
Deeptech and medtech drew capital today, with just one disclosed round on a quiet funding day. Mumbai-based Bioscan Research raised $1 million in seed funding led by Unicorn India Ventures. On the news front, InMobi appointed four merchant bankers to steer its planned $1 Bn IPO, while Eternal, the parent
* Bioscan Research is an innovation-driven medical device company pioneering non-invasive diagnostic solutions for early disease detection. * Funds raised will be strategically deployed for market expansion, additional regulatory approvals, product upgradation and new IP creation * In the last 12 months, the company has witnessed 5x growth * The company’s goal is
Gold and Silver rate today in India, 22 July 2026: 24K gold jumped 1.23% to ₹1,45,310 per 10g, its highest in two weeks. Silver rose 0.81% to ₹2,26,100 per kg as Comex gold crossed $4,120. Check city wise gold and silver rate today and MCX data.
Bira 91 founder Ankur Jain has quit the company’s board and leadership after a settlement with lenders and investors, resolving a two-year financial impasse. The deal releases his personal loan guarantees and settles legal claims hanging over him.
IKEA India is strengthening its footprint in Delhi-NCR with a new 30,000 sq. ft. city shop at Saket set to open on July 30, as it aims to have 30 stores in India by 2030. The expansion strengthens IKEA’s retail strategy in one of its fast growing markets
Meesho has refuted InGovern’s GST allegations saying the proxy advisory firm’s representation is not a finding of SEBI or tax authorities. The e-commerce company has not received any communication from the authority.
Cashfree Payments announces zero payment gateway cost offer for new merchants, waiving off charges on transactions up to INR 20 lakh GMV to speed up merchant onboarding before festive season.
OpenAI conducted an internal security test, during which two advanced AI models autonomously executed a simulated cyberattack, successfully breaching Hugging Face servers using stolen credentials and an undisclosed vulnerability. The incident has increased fears of AI-powered cybersecurity threats.
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Anant Raj Ltd. has approved demerger of the Data Centre and Cloud Services business of the company into Ashok Cloud Pvt. Ltd. to create a new digital infrastructure company and continue its real estate and infrastructure business.
Wipro Consumer Care & Lighting has purchased Philippines-based S Brands Consumer Care Inc., expanding its presence in Southeast Asia and adding brands such as KERATINplus, AlcoPlus, DeoPlus, Empress and Fiona Cologne to its personal care portfolio.
Capital flowed into electric mobility, rooftop solar, travel tech and deeptech on 21 July 2026, with six rounds crossing the wires. Ather Energy led the day, raising ₹1,300 crore (~$151 million) through a qualified institutional placement. SolarSquare followed, confirming a $53 million Series C that drew a cheque from
Volkswagen AG is in advanced talks with the JSW Group to sell a significant stake in its India business and a deal could be concluded in the coming weeks. The partnership will help Volkswagen to boost its presence in the fast growing automotive market of India.
Finvolve, a multi-stage venture capital fund, along with India Accelerator (IA), the country’s leading accelerator, has made an undisclosed investment in Khageshvara Aviation Technology (K.A.T), a deeptech startup building next-generation electric Vertical Take-Off and Landing (eVTOL) cargo aircraft for defence, emergency response, and remote logistics applications. The
FireAI, a Mumbai-based causal decision intelligence platform, has secured an investment of INR 2.5 Crore from SucSEED Indovation Fund. The capital injection serves as a strategic prior deployment secured to accelerate the company's immediate go-to-market initiatives. This transaction marks a notable vote of confidence from SucSEED Indovation
IndiGo has placed a groundbreaking order for more than 1,000 CFM LEAP-1A engines to power 510 Airbus A320neo-family aircraft, which is the largest engine order in the history of CFM International.
Suminter India Organics, a leading organic and sustainable food ingredients company, has raised ₹25 crore in debt funding from BlackSoil Capital to strengthen its working capital and support procurement during the peak harvest season. The funding will enable Suminter to source high-quality organic food ingredients at scale while further deepening
Round led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures, and Ashish Kacholia, to accelerate global expansion and indigenous aerospace and defence technologies.
Anthropic’s $1.5 billion settlement in a landmark authors’ copyright class action case on the alleged use of copyrighted books to train its Claude AI models has been granted by a US federal court.
Former Indian cricket captain MS Dhoni has invested in rooftop solar startup SolarSquare as part of its $53 million Series C funding round. The round was led by B Capital and also saw participation from existing investors and other backers. Dhoni's investment was made through his family office,
Gold and Silver rate today in India, 21 July 2026: 24K gold jumped 0.92% to ₹1,43,330 per 10g and silver surged 2.40% to ₹2,23,840 per kg as Comex silver soared nearly 4%. Check city wise gold and silver rate today and MCX data.
The Sustainability Mafia (SusMafia) has awarded India's largest non-dilutive grant for early-stage climate startups, the ₹31.4 lakh Big Pi Grant, to Agropak, a biotech startup developing a natural fibre materials platform that creates premium bio-based packaging solutions for the beauty and personal care industry. The grant was
TAFE Motors and Tractors Ltd. (TMTL) today launched the first manufacturing collaboration between TAFE and Germany's DEUTZ AG with the inauguration of a fresh DEUTZ engine production facility at Alwar, Rajasthan.
30 Sundays, an AI-native holiday planning and booking platform, has raised INR 61 crore (~$6.7 million) in its Series A, led by Bessemer Venture Partners, with existing investors Info Edge Ventures and Eximius Ventures increasing their stake. The round takes the total capital raised to date to ~$7.5
NPCI is also preparing to deploy NFC-enabled UPI Lite offline tap-and-pay transactions of up to INR 2,000 that would enable customers to make payments without internet connectivity on either the customer’s device or the merchant’s POS terminal.
The European Union has fined AliExpress €550 million ($629 million) for not doing enough to prevent the sale of unlawful, counterfeit and hazardous products on its platform under the Digital Services Act (DSA).
Hyundai Motor India has increased its EV charging network to 30,000 charging points through the myHyundai app, providing EV owners of all manufacturers with easy access to charging stations across India. The platform allows for station discovery, prior booking and more.
Three funding rounds closed on 20 July 2026, pulling in a combined ~$56 Mn across aerospace manufacturing, quick medicine delivery, and D2C skincare. The headline deal belongs to Hyderabad-based Raghu Vamsi Aerospace Group, which raised $40 Mn in a Series B co-led by Norwest and Skegen Asset Management, reflecting sustained
LNGVTY, India's first skin longevity beauty brand, has raised ₹5 crore in a seed funding round led by Rukam Capital, one of India's leading venture capital firms focused on early-stage consumer startups, with participation from angel investors. The fresh capital will be deployed to strengthen D2C
The Government of India is in the process of formulating a strategy for introduction of ethanol based cooking fuel as a cleaner alternative for households, restaurants and commercial kitchens. The drive, led by the Ministry, intends to extend ethanol use beyond E20 petrol
Gold and Silver rate today in India, 20 July 2026: 24K gold rose 0.64% to ₹1,42,530 per 10g and silver jumped 1.41% to ₹2,19,940 per kg as both metals recovered after last week's sharp falls. Check city wise gold and silver rate today and MCX data.
Tata Power has received a Letter of Award (LoA) from SECI for the supply of 324 MW from its 1,000 MW Bhivpuri Pumped Hydro Storage Project in Maharashtra. The 40-year project, expected to be commissioned by 2029, will boost the renewable energy storage capacity of India.
India’s Unified Payments Interface (UPI) is in talks with Spain’s Bizum digital payments platform to allow Indian tourists to make UPI payments in Spain, bringing the country a step closer to enabling such transactions.
Accenture has rolled out a new 50:50 compensation structure where 50% of an employee’s authorised salary increase will be added to base pay and the other 50% will be paid as a one-time cash incentive in June.
The Central Consumer Protection Authority (CCPA) has taken action against 41 eateries, including Chaayos and Barbeque Nation, for allegedly charging service costs without the approval of customers. The CCPA said required service charges are against the Consumer Protection Act, 2019.
Trent has also announced plans to expand its retail business strategy in India by opening 100 new stores annually as part of its Westside expansion. The Tata Group store wants to grow into the Northeast and strengthen its presence in key cities.
Gold and silver rates in India are unchanged today, 19 July 2026, with 24K gold holding at ₹1,41,610 per 10 grams and silver at ₹2,16,860 per kilogram. Both metals remain lower for the month as MCX stays shut for the weekend. Check city-wise rates and this week's price trend inside.