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[Weekly funding roundup Aug 1-7] Sharp rise in VC inflow led by River Mobility

VC funding into Indian startups bounces back The month of August started on a positive note driven by the $120 million deal of River Mobility and this welcome relief for the ecosystem The first week of August was a welcome relief for the Indian startup ecosystem as venture capital rose sharply w

7 Aug 2026 8:31 pm
Ola Electric narrows loss to Rs 336 Cr, revenue falls 45%

The Bhavish Aggarwal-led company said its registrations grew 97% quarter-on-quarter, outpacing the broader electric two-wheeler (E2W) market, which grew 17%.

7 Aug 2026 7:24 pm
CrystalBall builds type-certified mapping drones for government surveys and mining operators

The Hyderabad-based company manufactures its own survey, surveillance and agricultural drones, and holds a type certificate that allows its mapping model to be bought through government procurement.

7 Aug 2026 7:10 pm
Gati Drives builds rare-earth-free electric motors for Indian appliance and HVAC manufacturers

The Ahmedabad-based company makes single-phase motors it claims can match brushless efficiency without neodymium magnets, and recently raised a pre-seed round from Campus Fund.

7 Aug 2026 7:10 pm
Reneonix builds recycling infrastructure to turn used glass into factory-grade raw material

The Chennai-based company runs collection, sorting, processing and reporting for packaging brands and manufacturers, and raised Rs 1.7 crore in a pre-seed round in February 2026.

7 Aug 2026 7:09 pm
SkyAI Technologies builds AI drone detection systems for airports and secured sites

The Kanpur-based company sells a computer vision system that detects, classifies and tracks unauthorised drones, alongside a contract software business in AI and data engineering.

7 Aug 2026 7:09 pm
Two childhood friends turned Indias trash paper into a multi-crore notebook brand

Rescript turns waste paper into everyday notebooks, saving 9,200 trees while building a multi-crore sustainable business in India.

7 Aug 2026 6:50 pm
India saved handloom. Now it must save weaving as a livelihood

India makes 95% of the worlds handloom, yet its weavers work barely 200 days a year and exports are just 1,359 crore. Making weaving a viable livelihood means filling the order gap and measuring how much value actually reaches the loom.

7 Aug 2026 5:26 pm
How WalkAbout helps active agers find purpose in life after 55

Mumbai-based WalkAbout is a community-driven engagement platform for older adults, offering classes in finance, business building, health and wellness, and personal enrichment.

7 Aug 2026 4:50 pm
EV retail sales break record at 3.27 lakh units in July: FADA

The growth in EV sales in July was led by the two-wheeler segment at 2,04,362 units as against 1,08,516 units in the same month last year, up 88.32%.

7 Aug 2026 4:43 pm
India's handloom doesn't need sympathy. It needs better positioning

Young weavers are not walking away from the craft. They are walking away from an income that cannot be relied on.

7 Aug 2026 4:21 pm
Startup news and updates: Daily roundup (August 7, 2026)

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, August 7, 2026.

7 Aug 2026 3:33 pm
Wakefit starts FY27 with profitability despite cost pressures

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.

7 Aug 2026 12:14 pm
How Aule Space is building a jetpack to extend the lives of satellites

Bengaluru-based Aule Space is building a jetpack that docks with a satellites after they run that has run out of fuel, and extendings theirtheir livesfe by a few years.

7 Aug 2026 12:08 pm
6 Books that teach lessons from ordinary everyday life

Discover 6 books that reveal meaningful lessons from ordinary life, showing how simple moments can teach us about growth, relationships, and happiness.

7 Aug 2026 11:30 am
Can a services firm scale like a product company? This ex-Tally CFO is betting on AI

KayEss Square is now Northbound Advisors, and is raising to acquire 8 to 10 smaller firms, all served through a proprietary AI platform built on eight years of client work.

7 Aug 2026 11:23 am
7 Books that reveal the psychology of human attachment

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

7 Aug 2026 11:05 am
Athleisure brand BlissClub bags Rs 160 Cr to expand product range, retail footprint

The capital will be used to expand BlissClubs product categories, accelerate its offline retail network, strengthen product development, and recruit talent for its next phase of growth.

7 Aug 2026 9:27 am
Why Starting Matters More Than Waiting for the Perfect Plan

Discover why the first step often determines success and how starting with purpose creates momentum, confidence, and lasting results.

7 Aug 2026 9:00 am
Jammu & Kashmir's startup reckoning: What the next chapter demands

Jammu and Kashmir has laid the groundwork for startups. Here's what the region needs next to attract investment, scale innovation and create jobs.

7 Aug 2026 8:34 am
Why Indias spacetech sector is outpacing the rest of deeptech

Indias deeptech startups have made significant progress in developing hardware, but many still struggle to scale commercially. Experts explain why spacetech has been the exception, and what other sectors can learn from it.

7 Aug 2026 7:45 am
Shiprocket trims IPO size; Cresas creative fix for sanitary pad disposal

Shiprocket has reduced the size of its IPO by nearly 31% to Rs 1,617.6 crore, from Rs 2,342 crore. Meanwhile, Cresa makes hot-water-soluble sanitary pads that are 100% biodegradable, plastic-free, and dissolve in 80 seconds.

7 Aug 2026 7:30 am
Indias healthcare AI race isnt about bigger models. Its about better diagnostics

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.

7 Aug 2026 7:15 am
Karnataka eyes Anthropic tie-up to expand AI across public service

Karnataka is exploring a long-term AI partnership with Anthropic to improve governance, launch AI skilling programmes and establish an AI University.

6 Aug 2026 8:12 pm
Startup news and updates: daily roundup (August 6, 2026)

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, August 6, 2026.

6 Aug 2026 6:58 pm
10 Quotes from Mountains to Cross by Abraham M. George

Discover 5 inspiring lessons from Mountains to Cross by Abraham M. George on purpose, service, resilience, education, and impact.

6 Aug 2026 6:50 pm
Leumas rents out robotic factory lines to brands that do not want to build a factory

The Bengaluru-based company runs modular, software-controlled production lines for wellness and pharmaceutical products, sold as on-demand capacity rather than as machinery.

6 Aug 2026 6:17 pm
Constelli builds the signal processing tools used to design radar and electronic warfare systems

The Hyderabad-based company makes hardware and software for testing defence electronics in the laboratory, and sells to DRDO as well as contractors in three other countries.

6 Aug 2026 6:17 pm
Xovian is building satellites that listen for radio signals rather than take images

The Bengaluru-based company is developing radio frequency nanosatellites with onboard processing, aimed at tracking ships and aircrafts that optical imaging cannot.

6 Aug 2026 6:16 pm
Vikra Ocean Tech builds underwater robots for inspection, survey and defence work

The Chennai-based company makes remotely operated vehicles, autonomous surface vessels and crawling robots, along with the cameras and lighting that go on them.

6 Aug 2026 6:15 pm
Large firms to be net job losers, small businesses to drive employment: Nandan Nilekani

Nilekani argued that the future of the Indian economy lies in its millions of small businesses, which are more resilient to the disruptions caused by AI.

6 Aug 2026 4:51 pm
Swiggy targets Rs 10,000 Cr adjusted EBITDA by FY31

The company said by FY31, its food delivery business is expected to grow its GOV by 2.5-3.5 times and generate around Rs 5,000 crore in adjusted EBITDA, driven by affordability-led initiatives and operational improvements.

6 Aug 2026 4:18 pm
Mitti Labs raised $9.5M in Series A from Aramco Ventures, others

The company said that it will expand its geographical footprint in India and launch greenfield projects in the Philippines and Indonesia.

6 Aug 2026 4:17 pm
Mumbai ranks 15th, Hyderabad 27th globally in operational data centre capacity: Knight Frank

Real estate consultant Knight Frank on Thursday released a report 'Knight Frank Global Data Centre Atlas 2026' that compares 36 leading global data centre markets across North America, Europe, Asia-Pacific, the Middle East and Africa.

6 Aug 2026 3:28 pm
How FLiCKA built trust to become Indias fastest growing beauty brand

Mohit Pardasanis decades of retail experience, a retailfirst strategy, and a conviction in quality over marketing have powered FLiCKAs rise to a Rs 100 crore cosmetics brand. Mohit Pardasani has a simple belief that has guided every decision at FLiCKA Cosmetics since he co-founded the company

6 Aug 2026 3:20 pm
IITM-incubated deeptech startup Solinas Integrity raises $5.5M

Founded by Divanshu Kumar and Moinak Banerjee, Chennai-based Solinas builds robotics and AI systems that inspect, clean, and digitise underground water and wastewater infrastructure, solving problems of water leakages, contamination, and manual scavenging.

6 Aug 2026 3:10 pm
Piper Serica raises Rs 300 Cr as first close of Bharat Tech Fund

The fund will invest around Rs 25-50 crore in each startup and aims to support startups developing globally competitive technologies out of India.

6 Aug 2026 2:59 pm
Ola Electric opens sales, service network to dealer partners across India

Over the coming months, the company stores will transition to focus on brand and product experience, while dealer partners will become the backbone of local sales, service and scale across the country, the company said.

6 Aug 2026 2:15 pm
Shiprocket cuts IPO size, lowers valuation expectations as it readies for Rs 1,618-Cr public issue

The Gurugram-based ecommerce enablement platform has reduced the size of its initial public offering by 31% from Rs 2,342 crore ahead of its market debut on August 12

6 Aug 2026 2:09 pm
TV Somanathan gets a year's extension as India's top bureaucrat

Cabinet Secretary TV Somanathan gets a one-year extension, ensuring policy continuity while reviving debate over succession plans.

6 Aug 2026 1:12 pm
From cloud migration to citizen services: AppSquadz and Indias evolving digital transformation journey

In the last 5 years, AppSquadz has expanded its cloud capabilities to support some significant digital transformation initiatives across government, healthcare, and enterprise sectors in India.

6 Aug 2026 12:04 pm
Andhra, Chhattisgarh, Bihar are outsmarting richer states on investments (without outspending)

A licence, a statute and a purchase contract: how three challenger states are gaining ground without simply writing bigger subsidy cheques.

6 Aug 2026 11:36 am
Quick commerce startup Homerun raises $12M in Series A+

The round is led by Nexus Venture Partners with participation from existing investors Sorin Investments, Titan Capital, Sparrow Capital and Consumer Collective by Atrium.

6 Aug 2026 10:52 am
6 Books that teach lessons from fictional characters

Discover 6 books where fictional characters teach powerful lessons about life, emotions, relationships, resilience, and personal growth.

6 Aug 2026 10:25 am
Meta apologises for temporarily removing PM Modi's Facebook post

Government sources said Meta global officials have been asked to stay back for another round of questioning on Thursday, when IT Minister Ashwini Vaishnaw will meet the company's global executives once again. The meeting will also include executives from Meta's technical team.

6 Aug 2026 10:04 am
Building a startup ecosystem in the mountains: How Jammu & Kashmir laid its foundation

Jammu and Kashmir is steadily building its startup ecosystem through policy support, incubators, funding and local entrepreneurs driving innovation.

6 Aug 2026 9:48 am
Freshworks turns profitable in Q2; Navigating the AI shift

Freshworks said its revenue rose to $237.4 million in the AprilJune quarter, from $204.7 million a year earlier.

6 Aug 2026 7:30 am
Cresa's fix for India's 12-billion sanitary pad disposal problem

Cresa, a Pune startup founded by Sarika Pathak and Mohan Kulkarni in 2021, makes biodegradable, plastic-free sanitary pads that dissolve in water.

6 Aug 2026 7:15 am
Neuranics Lab is building a blood count machine that runs by fingerprick

The Delhi-based company has developed MorphX, a point-of-care platform that claims to return a full blood count in minutes without needing a trained technician.

5 Aug 2026 9:47 pm
Peptris is using AI to find drug candidates to shorten the time it takes for laboratory validation

The Bengaluru-based company builds models that generate molecules and predict how they will behave, and has licensed its lead candidate to a US developer.

5 Aug 2026 9:47 pm